Consorzio Stabile S.I.S. S.c.p.A.: Amendment of the Terms and Conditions and early redemption of Notes

Turin (pta036/03.11.2022/15:35 UTC+1)

Consorzio Stabile SIS S.c.p.A.(the Issuer) informs that today the meeting of the holders of the Notes (the Noteholders) has adopted an extraordinary resolution (the Extraordinary Resolution), inter alia, amending the terms and conditions of the Notes (the Conditions) of the €100,000,000.00 Senior Secured Fixed Rate Notes due 2024 (ISIN code: IT0005365728) (the Notes).

In particular, the meeting of the Noteholders has approved, inter alia, certain amendments to Condition 8.5 (Redemption at the Option of the Issuer). Such modifications enable a redemption in full of the Notes at the option of the Issuer (which was not provided for under the Conditions) and reduce the 10 Business Days' period to provide the prior notice for early redemption in a 5 Business Days' period.

Following the approval of the Extraordinary Resolution by the meeting of the Noteholders, as mentioned in the release dated 13 October 2022, the Issuer has resolved to early redeem the Notes in full. The notice for the early redemption of the Notes (the Notice) pursuant to Condition 8.5 (Redemption at the Option of the Issuer) of the amended Terms and Conditions will be published today in accordance with the Terms and Conditions Conditions and, among the other things, such Notice will set out that the Issuer will redeem in full a principal amount of Notes equal to €100,000,000.00 (representing the total principal amount outstanding of the Notes) on [10] November 2022, at the terms and conditions set forth therein and under the Conditions.

For further information please contact:

Consorzio Stabile SIS S.c.p.A.

Tel.: +39 011 7176 201

Email: r.mascarello@fininc.it

www.sisscpa.it/

Disclaimer

This announcement is for distribution only outside the United States to persons other than "U.S. Persons" (as defined in Regulation S under the United States Securities Act of 1933, as amended (the Securities Act)). It is not for release, publication or distribution in or into, or to any person located or resident in, any other jurisdiction where it is unlawful to release, publish or distribute this document.

This announcement is important and requires your immediate attention. This announcement contains important information which should be read carefully before any decision is made with respect to the proposals set out herein. If you are in doubt as to the action you should take, you are recommended to seek your own legal, tax, financial, business, regulatory and accounting advice and consult your own professional investment advisor. Any individual or company whose Notes are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee must contact such entity if it wishes to vote in respect of the proposal.

Each Noteholder must make its own decision as to whether or not to consent to the relevant proposals set out in this announcement and none of the Issuer nor any of the Agents makes any recommendation as to whether or not or how Noteholders should vote in respect of the proposal. This announcement is not intended to be, and should not be relied upon as, legal, tax, financial, business, regulatory accounting, investment or other advice. The Issuer is not providing investors with any such advice and investors should consult their own advisors for advice on risks relating to the reform of interest rate benchmarks. The information contained in this announcement and in the Notice are not intended to be comprehensive. Material developments may have occurred since the date of this announcement. In particular, this announcement is not intended to address all financial and other risks that may arise in connection with interest rate benchmark reforms and/or transactions referencing affected benchmarks or otherwise impacted by changes to those benchmarks.

The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession this announcement come are requested to inform themselves about, and to observe, any such restrictions.

This announcement is not and is not intended to and shall not be deemed to constitute or contain or form part of an offer of financial instruments or invitation to promote and/or engage in any investment activity or an offer or invitation to buy or sell any securities or financial instruments or products in any jurisdiction and is being sent to Noteholders solely in their capacity as such in connection with the Extraordinary Resolution. In particular, the consent solicitation does not constitute an offer to the public in the Republic of Italy and none of this announcement, the Notice or any other documents or materials relating to the consent solicitation have been nor will be submitted to the clearance procedure of the Commissione Nazionale per le Società e la Borsa (CONSOB).

If you have sold or otherwise transferred your entire holding(s) of any of the Notes, please forward this announcement immediately to the purchaser or transferee, or to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.

The distribution of this announcement may be restricted by applicable laws, rules, regulations and guidelines including but not limited to any trade, economic or financial sanctions laws, regulations, embargoes or restrictive measures administered, enacted or enforced by a sanctions authority (Applicable Law) in certain jurisdictions and persons into whose possession this announcement comes are requested to inform themselves about, and to observe, any such Applicable Law.

Nothing in this announcement or the electronic transmission hereof constitutes or contemplates an offer of, an offer to purchase or the solicitation of an offer to sell securities in the United States or any other jurisdiction. This announcement has not been, and will not be, registered under the Securities Act, or the securities laws of any state or other jurisdiction of the United States.

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