(Holding 29.999% of TERNA Spa Share Capital). the List Has Been Published on October 21, 2005 in the Newspapers Ilsole24ore, Milano Finanza and La Repubblica

CURRICULA OF THE CANDIDATES AS MEMBERS OF THE BOARD OF DIRECTORS

Candidates in the list submitted by the shareholder Cassa Depositi e Prestiti SpA (holding 29.999% of TERNA SpA share capital). The list has been published on October 21, 2005 in the newspapers IlSole24Ore, Milano Finanza and La Repubblica.

¾ Luigi Roth, 65 years old (**) Degree in Business and Economics from Bocconi University of Milan. Chairman of the Fondazione Fiera Milano since 2001; Vice-President of Cassa Depositi Prestiti S.p.A. since 2004. He currently also serves on the boards of directors of TELECOM Italia SpA, Intesa Gestione Crediti SpA, Banca MB SpA, BPM Private Equity, Bocconi University, and ART’E’ SpA. He began his managerial career with the Pirelli Group, working in Italy and abroad, and later became Planning Director for Metropolitana Milanese, the Milan subway system. From 1980 he served as Managing Director and CEO in medium companies operating in the real estate and manufacturing sectors. From 1986 to 1993 he was CEO of Ernesto Breda SpA; from 1993 to 2001 Chairman and CEO of Breda Costruzioni Ferroviarie SpA; from April 1996 to January 1998 Chairman of Società Ferrovie Nord Milano SpA; from December 1996 to January 1998 Chairman of Società Ferrovie Nord Milano Esercizio SpA; from May 1998 to December 2000 CEO of Ansaldo Trasporti SpA, as well as agent for the transport division of Finmeccanica SpA.

¾ Flavio Cattaneo, 42 years old (*)(**) Degree in Architecture from Politecnico di Milano (Milan Polytechnic). He has held important positions of responsibility as board member in numerous Italian companies in the radio/television, service, construction, new technologies, and public services and facilities sectors. From 1999 he headed the former Ente Autonomo Fiera Internazionale di Milano as Special Commissioner. He then managed the listing process of the company, renamed Fiera di Milano SpA, of which he was the Chairman and CEO until 2003. He has served on the boards of numerous companies in the energy sector (from 1999 to 2001), including: AEM SpA of Milan (as Vice-President), Serenissima Gas, Triveneta Gas SpA, Seneca S.r.l. and Malpensa Energia. From April 2003 until August 2005 he has been the General Manager of the public television group RAI SpA. He is currently holding another executive position there.

¾ Luigi De Paoli, 55 years old (*)(**) Degree in Nuclear Engineering from Politecnico di Milano (Milan Polytechnic). Professor of Economy and Management of Enterprise at Bocconi University, Milan, and Chairman of the Master programme in Economics and Environmental Management. Director of the IEFE (Institute of Energy and Environment Economics and Policy) and Director of the magazine Economia delle fonti di energia e dell'ambiente, as well as a member of the scientific council of Gaz de France and board member of the AIEE (Italian Association of Energy Economists). He has held numerous university posts in Italy and abroad. From June 1999 to May 2002 he was on the Board of Directors of ENI SpA. He has served on several ministerial commissions for issues including the development of the national energy sector, restructuring of the electricity sector, public utility services and tariff regulation. Since July 2005 he has been a member of the “Commission for natural gas and fuel prices” with the Ministry of Production Activities. He is the author of numerous publications in the fields of economics and energy.

¾ Mario Garraffo, 68 years old (*)(**) Degree in Business and Economics from Bocconi University, Milan. He has held positions of increasing responsibility as a board member in a number of Italian companies: Controller and Development Director of La Centrale Finanziaria Generale from 1960 to 1970; Investment Director for the IFI Group from 1970 to 1980; CEO of IFIL-Finanziaria di Partecipazioni from 1980 to 1985; Chairman of IFINT (now EXOR) from 1985 to 1993; CEO of Lazard Italia from 1993 to 1998 and of UNIM-Unione Immobiliare from 1998 to 2000; President of General Electric Italia from 2000 to 2004. He is currently Senior Advisor to General Electric Europe, with the responsibilities of an independent Director, a member of the Executive Committee and the Remuneration Committee for Recordati SpA, as well as an independent Director for Pirelli & C SpA. He is a Trustee of the Johns Hopkins University in Baltimore and of the Johns Hopkins School for Advanced International Studies (SAIS) in Bologna. President of the Bocconi University Alumni Association and member of the Board of Directors of the Donna Javotte Bocconi Foundation (founding body of Bocconi University).

¾ Carmine Macrì, 55 years old (*)(**) Degree in Law from the Università degli Studi “La Sapienza” in Rome. While maintaining his professional activity as a barrister, since 1996 he has also been a Professor of Banking Law and Legislation on the Faculty of Business and Economics at the Università di Roma “Tor Vergata”, prior to which he had held numerous academic positions from 1986 onwards. From 1997 to 2003 he was a member of the Board of Directors of Italgas S.p.A.. For approximately 8 years he served as a consultant for ACRI (Association of Italian Savings Banks). Since autumn 2004 he has been on the Board of Directors of SUDGEST S.C.a.R.L, a company in which the Ministry of Public Services holds a share through “Formez”.

¾ Piero Giuseppe Maranese, 64 years old (*)(**) Degree in Physics from the Università degli Studi of Milan. Professor of Electronics at the Università degli Studi of Milan since 1990, and director of a research laboratory. Prior to this (beginning in 1968) he held numerous academic posts in other Italian universities and foreign research institutions. Active in the international scientific community, he has performed operative roles for the Institute of Electrical and Electronic Engineers (IEEE), including serving on the Board of Directors of the IEEE-Power Electronics Society from 1990 to 1996. President of Transparency International Italia in 1995. Assessor of the Province of Como from 1997 to 2001. Continues to collaborate with industrial companies operating in the space electronics sector, and is the author of numerous scientific publications.

¾ Franco Smurro, 48 years old (*)(**) Degree in Education from the Università degli Studi “La Sapienza” in Rome. After an academic collaboration in 1986/87 with the II^ Professorship in Special Education at “La Sapienza”, he began his managerial career with Telecom Italia SpA in Foreign Relations Management, working there from 1987 to 1997. From 1997 to 2001 he was a consultant for the Autorità per le Garanzie nelle Comunicazioni (Communications Guarantee Authority), and subsequently for Nortel Networks S.p.A. until 2002, and for Bull SpA until 2004. He has been on the Board of Directors of Asteimmobiliari SpA since May 2005.

Candidate in the list submitted by the shareholder Enel SpA (holding 6.142% of TERNA SpA share capital). The list has been published on October 21, 2005 in the newspapers IlSole24Ore, Milano Finanza, Finanza e Mercati, La Repubblica and Corriere della Sera.

¾ Massimo Romano, 46 years old (**) Served as Head of the Public Affairs Department of the ILVA SpA (IRI Group) from 1990 to 1994 and as Head of the External Relations department of the Lucchini Group from 1994 to 1997. In 1997, he joined Enel as Head of the Public Affairs Department. In 1999, he became Head of Enel’s Public and International Affairs and since February 2004 he is also in charge of the Regulatory Affairs. He is a member of the Board of the “Istituto di Economia Politica dell'Energia e dell'Ambiente” (Institute of Economy and Policy for Energy and the Environment at the Luigi Bocconi Business School) in Milan. He also serves as senior advisor in the task force for the globalization of the Italian manufacturing industry established by the Ministry of Foreign Affairs. Member of the Committee of Confindustria (Confederation of Italian Industry) and of the Directive Committee of Assoelettrica (National Association of Electricity Enterprises), since March 2004 he also serves as board member at TERNA SpA.

Candidate in the list submitted by the shareholder Generali SpA and its subsidiaries (holding in total 5.221% of TERNA SpA share capital). The list has been published on October 20, 2005 in the newspapers Milano Finanza, Finanza e Mercati and Corriere della Sera.

¾ Massimo Ponzellini, 55 years old (*)(**) Since November 2002 he is the Vice-President and CEO of Patrimonio dello Stato SpA. He also serves as board member at INA and Banca Nazionale del Lavoro and as honorary Vice-President of the EIB (European Investment Bank); in EIB he served as well as Vice-President and CEO for credits and finance in the period 1994-2003. During his career, he also served on the boards of numerous important Italian companies as Alitalia (1986-1994) and Finmeccanica (1986-1990). From 1986 to 1990 he was the CEO of SOFIN SpA. From 1990 to 1994 member of the Transitional Team for the establishment of the EBRD-European Bank for Reconstruction and Development and soon after Director of Operations of EBRD. In the years 1981-1982 he was the Managing Director of NOMISMA SpA. In 1983, he was appointed at IRI as Director and Executive Secretary of the Restructuring and Privatisation Committee and from 1984 to 1986 Responsible of the Strategy and Research Department.

Candidate in the list submitted by Institutional Investors: Arca SGR S.p.A.; Aureo Gestioni SGR S.p.A.; DWS Investments Italy SGR S.p.A.; Fideuram gestions S.A.; Fideuram Investimenti SGR S.p.A.; Fineco Asset Management SGR S.p.A.; Hermes Administration Services Limited (on behalf of The Trustees of BT Pension Scheme, Hermes Assured Limited); Interfund S.I.C.A.V.; Mediolanum Gestione Fondi SGR P.A.; Mediolanum International Funds Limited; Monte Paschi Asset Management SGR S.p.A.; Pioneer Asset Management S.A.; Pioneer Investment Management SGR S.p.A.; Sanpaolo IMI Asset Management SGR S.p.A. (holding 1.036% of TERNA SpA share capital). The list has been published on October 21, 2005 in the newspapers IlSole24Ore, Milano Finanza and La Repubblica.

¾ Salvatore Machì, 68 years old (*) (**) Graduate in electronic engineering. Following a specialization course at the Higher Institute of Telecommunications and professional experience gained at Esso and IBM, he joined Enel in 1965. Here he worked until 1999 covering various roles, including the head of the Transmission Division, national head of Thermoelectrical Production and director of Purchasing and Contract Work. Chief Executive Officer (from July 1999 until April 2000) and, therefore, Chairman (until July 2003) of GRTN SpA (ISO), also during this period he was board director of Gestore del Mercato Elettrico SpA. Since March 2003, he has chaired the Board of CESI–Centro Elettrotecnico Sperimentale Italiano SpA, where previously (from July 1999 to October 2001) he covered the role of Chief Executive Officer; he also currently covers the office of board director at Api Energia SpA and, since September 2004, at TERNA SpA.

***

(*) The candidate declared to meet the “independence” requirement according to the definition provided by article 3 of the Code of Self-governance for listed companies and by article 15.4 of TERNA’s Bylaws (text in force as of November 1, 2005).

(**) The candidate declared to meet the requirements provided by article 15.5 of TERNA’s Bylaws (text in force as of November 1, 2005).

All candidates declared to meet the “respectability” and “professional skills” requirements according to the definition provided by paragraphs 2 and 3 of article 15 of TERNA’s Bylaws (text in force as of November 1, 2005).