Investment agreement

Last October 18, Germany’s Mutares SE & Co. KGaA, through a controlled Italian company, Sofinter and its majority shareholders signed a binding investment agreement in Sofinter’s capital aimed at acquiring a large majority share of the Group, through the subscription and payment of a capital increase of a total of 12 million euros. In addition, a well-known bank will also allocate a significant medium-long term loan to support the Group’s operation. The completion of the transaction with the resulting capital increase and disbursement of the loan is expected by the end of the current financial year, following the obtaining of the Golden Power Clearance in Italy and Romania.