Commentary & Deal Flow

ENEL S.p.A. (ticker: ENELIM), rated Baa1/BBB/BBB+ (stable/stable/stable outlooks) by Moody’s, S&P and Fitch respectively, has mandated BNP Paribas, Goldman Sachs Bank Europe SE and J.P. Morgan to arrange a series of fixed income investor calls on September 22nd. A USD 144A/RegS senior unsecured multi-tranche bond offering across 3/5/10/30-year maturities is expected to follow, subject to market conditions.

The notes will be issued by Enel Finance International N.V. (domiciled: NL) and will be guaranteed by Enel S.p.A.

J.P. Morgan will coordinate logistics.

A NetRoadshow presentation and preliminary offering memorandum have been made available: https://www.netroadshow.com/nrs/home/#!/?show=9677ebd6 (Recommended) OR visit www.netroadshow.com and enter the entry code: GENESIS2K25 (not case-sensitive)

ENEL representatives:

• Alessandro Canta, Head of Finance and Insurance

• Giovanni Niero - Head of Capital Markets, Development and ECA Financing

• Leonardo Vagaggini – Head of Capital Markets

• Federico Baroncelli – Head of Fixed Income Investors and ESG

• Emanuele Toppi – Fixed Income Investors and ESG

Call Schedule:

Monday 22nd September

Call #1: 11:00 - 11:45 ET / 16:00 - 16:45 UKT

Call #2: 12:00 - 12:45 ET / 17:00 - 17:45 UKT

Call #3: 13:00 - 13:45 ET / 18:00 - 18:45 UKT

Call #4: 14:00 - 14:45 ET / 19:00 - 19:45 UKT