Ansett Aviation Italy S.p.A: Disclosure of inside information (Art 17 MAR)

Documentation on notes purchase agreed in context of broader transaction affecting issuer’s parent

Somma Lombardo (VA) (pta030/14.01.2022/15:46 UTC+1)

Aviation Training Holdings PTY Ltd ("ATH"), the parent company of Ansett Aviation Italy S.p.A. (the "Issuer"), is about to enter into legally binding documents (which are subject to certain conditions precedent including the completion of a share purchase agreement in relation to ATH) with an Australian entity, A.C.N. 656 278 394 PTY LTD (ACN 656 278 394), for the purchase of all the Issuer’s notes (the "Notes") admitted to the Vienna multilateral trading facility and currently outstanding (the "Transaction"). The purchase price for the Notes will be equal to 71% of their nominal value.

The Transaction is connected with the proposed acquisition of a controlling interest in the capital of ATH by A.C.N. 656 278 394 PTY LTD (ACN 656 278 394), whose ultimate intended owners shall be a consortium comprising Bain Capital Credit LP and Arcadia Capital, together with the provision of additional funding aimed at strengthening the capital structure of the Ansett Aviation group and allow it to continue with its operations.

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