Post-balance sheet events

Deadline extended for the approval of natural gas storage, transportation and regasification service tariff proposals for 2016

By means of Resolution 321/2015/R/gas of 3 July 2015, the Electricity, Gas and Water Authority extended the deadline for the approval of natural gas storage, transportation and regasification service tariff proposals for 2016 to the seventh day after the adoption of the measure following the conclusion of the proceedings launched by Resolution 597/2014/R/com, aimed at redefining the ways in which the WACC is calculated and updated. The Authority made no changes to the deadlines provided for in current regulations for investigations into these tariff proposals.

Ratings

On 23 July 2015, Fitch has assigned Snam BBB+ rating with a stable outlook.

This rating can be added to those previously awarded by Moody’s (currently Baa1 with a stable outlook) and Standard & Poor’s (currently BBB with a stable outlook).