Alitalia - Società Aerea Italiana S.p.A.: Alitalia enters into standstill agreements

with certain financial creditors as well as with certain holders of notes

Vienna (pta029/27.01.2017/15:46 UTC+1) Public disclosure of information that qualifies or may have qualified as inside information within the meaning of Article 7(1) of the Market Abuse Regulation.

In the context of Alitalia - Società Aerea Italiana S.p.A (the "Issuer" or "Alitalia") progressing a revised industrial plan and the related restructuring (the "Industrial Plan"), on 26 January 2017 the Issuer entered into certain standstill agreements with its key financial creditors (the "Financial Creditors"), (the "Financial Creditors Standstill Agreement") and with certain holders (together, the "Noteholders") of the notes issued by the Issuer and having an aggregate nominal value of Euro 375,000,000 with a fix interest of 5.250 per cent. due 30 July 2020, ISIN XS1263964576 and admitted to trading on the regulated market of The Irish Stock Exchange plc. (the "DolceVita Notes"), (the "Noteholder Standstill Agreement" and together with the Financial Creditors Standstill Agreement, the "Standstill Agreements").

The Standstill Agreements govern the reciprocal duties and obligations in relation to the Issuer's financial indebtedness with, respectively, the Financial Creditors and the Noteholders for the period necessary to the Issuer to progress the Industrial Plan.

Pursuant to the Financial Creditors Standstill Agreement, the Financial Creditors assume, inter alia, the undertaking vis-à-vis the Issuer, during discussion of the Industrial Plan and for the duration of the Financial Creditors Standstill Agreement, to refrain from requesting or accelerating the repayment of certain amounts due for principal and interest under the relevant financing agreements, terminating such agreements and/or enforcing any related guarantee.

Pursuant to and subject to the conditions of the Noteholder Standstill Agreement, the Noteholders assume, inter alia, the undertaking vis-à-vis the Issuer - for the duration of the Noteholder Standstill Agreement - not to take any action in respect of certain possible events under the terms and conditions of the DolceVita Notes, request or accelerate payment of the indebtedness under the DolceVita Notes nor make any corporate action, legal process or other procedure against any member of the Issuer's Group.

(end)

Emitter:	Alitalia - Società Aerea Italiana S.p.A. Via A. Nassetti, Pal. Alfa S.N.C. 00054 Fiumicino (Roma) Italy
Contact Person:	Matteo Mancinelli
Phone:	+39 06 6563 5125
E-Mail:	Matteo.Mancinelli@alitalia.com
Website:	www.alitalia.com
ISIN(s):	IT0005137002 (Bond) IT0005158099 (Bond)
Stock Exchange(s):	Vienna Stock Exchange (mid Market)
Other Stock Exchanges:	Irish Stock Exchange