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30 January 2017

Concluded the acquisition of a portfolio of renewable power plants of 73 MW

L&B Partners and L&B Studio Legale Associato together for the acquisition by Swisspower Rinnovabili Italia S.r.l. of a portfolio of renewable power plants owned by Sorgente Group

L&B Partnersas financial advisor, and L&B Partners Avvocati Associati (jointly with Paul Hastings), as legal advisor, assisted Swisspower Group in the acquisition of a portfolio composed by 27 power plants for the production of renewable energy with a total installed capacity roughly equal to 73 MW.

Within the transaction, Swisspower Rinnovabili Italia purchases the 100.0% of Sorgente II S.r.l., owning 21 SPVs composed by 27 power plants (21 hydroelectric plants, 3 photovoltaic plants and 3 wind farms) for an estimated annual production roughly equal to 200 GWh. Swisspower Group, through this acquisition, increases its market share in the Italian renewable energy industry, by increasing its portfolio managed in Italy up to an installed capacity of 88 MW and an annual expected production roughly equal to 250 GWh.

SPRIT has been assisted, for the legal due diligence activities, for the transaction structuring and for the drafting, negotiation and completion of the legal documentation by L&B Studio Legale Associato - represented by the Partner Michele Di Terlizzi, assisted by the lawyers Giulia Paternostro, Vincenzo Telera and Giuseppe Candela - and by Paul Hasting - represented by the Partner Lorenzo Parola (Partner), assisted by the lawyers Susanna Granata and Teresa Arnoni.

Flavio Di Terlizzi and Gianguido Arcangeli, respectively Managing Partner and Associate Partner of L&B Partners S.p.A., with the help of Riccardo CiurlantiStefano Galbusera and Luca Marniga, assisted SPRIT as financial advisor.

Sorgente Group has been assisted, for the legal due diligence activities, transaction structuring and drafting and completion of the legal documentation, by a team led by the Equity Partner Paolo Bassilana, assisted by the lawyers Simone Ronzogni and Giorgio Prinzivalli, respectively focused on administrative and financial and corporate aspects.