(1) Current value is calculated using the last Official Price (at market close) or Trading Price (during trading hours).
(2) The return means the price appreciation of Terna share bougth in date X and sold in date Y. In case of dividends reinvested, the return is that for a shareholder who bought Terna share in date X and divested in date Y, using the dividends paid in the period to buy other Terna share. The dividends paid during the period (€ 0.045 on October 21, 2004, € 0.070 on May 26, 2005, € 0.050 on November 24, 2005, € 0.08 on June 22, 2006, € 0.053 on November 23, 2006, € 0.087 on June 21, 2007, € 0.056 on November 22, 2007, € 0.095 on June 26, 2008, € 0.0592 on November 27, 2008, € 0.0988 on June 25, 2009 and € 0.07 on November 26, 2009, € 0.12 on June 24, 2010, € 0.08 on November 25, 2010, € 0.13 on June 23, 2011 and € 0.08 on November 24, 2011) are assumed reinvested in Terna at the ex-dividend date (respectively October 18, 2004, May 23, 2005, November 21, 2005, June 19, 2006, November 20, 2006, June 18, 2007, November 19, 2007, June 23, 2008, November 24, 2008, June 22, 2009 and November 23, 2009, June 21, 2010, November 22, 2010, June 20, 2011 and November 21, 2011).