EP Produzione operates in Italy through various subsidiaries and investee companies:

EP Produzione S.p.A.

<p>Italian holding company, 100% controlled by EP Power Europe, owns the gas-fired plants of <a href=""""><span style=""text-decoration:" underline="">Ostiglia (MN)</span></a> and <span style=""text-decoration:" underline=""><a href="""">Trapani (TP)</a></span>.</p>

EP Centrale Tavazzano Montanaso S.p.A.

<p>100% controlled by EP Produzione, owns <span style=""text-decoration:" underline=""><a href="""">Tavazzano e Montanaso (LO)</a></span> power plant.</p>

Fiume Santo S.p.A.

<p>100% controlled by EP Produzione, which owns the plant at <a href=""""><span style=""text-decoration:" underline="">Fiume Santo (SS)</span></a>.</p>

EP Produzione Centrale Livorno Ferraris S.p.A.

<p>Joint venture between EP Produzione (75%) and BKW Italia (25%), which owns the gas-fired plant at <a href=""""><span style=""text-decoration:" underline="">Livorno Ferraris (VC)</span>.</a></p>

Ergosud S.p.A.

<p>50/50 joint venture with A2A, which owns the plant at <span style=""text-decoration:" underline=""><a href="""">Scandale (KR)</a></span>; EPH’s stake is held directly by EP Power Europe.</p>