CENTRALE DEL LATTE D’ITALIA S.p.A.: placement completed of bonds for € 15 million

CENTRALE DEL LATTE D'ITALIA S.p.A.: placement completed of bonds for € 15 million.

Centrale del Latte d'Italia S.p.A. ('CLI') - a company listed, since 2001, on the STAR segment of Borsa Italiana and currently the third-ranking Italian player in the fresh and long-life milk market, with leadership positions in Piemonte, Liguria, Tuscany and Veneto - today successfully completed the placement with professional investors of bonds for a total nominal amount of € 15 million, as announced on 24 November, and as resolved upon by the Board of Directors on said date.

The bonds named 'Centrale del Latte d'Italia S.p.A. -Variable Interest Rate- 2017/2024' have the following characteristics:

• unit amount € 100.000;
• falling due on 1 December 2024;
• gross half-yearly coupon with variable 6 month Euribor rate plus 3.25%;
• repayment from 1 June 2020 in 10 half-yearly instalments;
• issue price at par.

The bonds will be admitted for trading on the ExtraMOT PRO segment of Borsa Italiana tomorrow, 1 December 2017.

This operation to support the investments planned will make it possible to diversify financing sources and to optimise the pertinent long-term maturity dates.

Iccrea BancaImpresa has acted as Arranger and ADB as Advisor, Simmons & Simmons as legal consultant of the Arranger and Chiomenti and Studio Segre as legal consultants of Centrale del Latte d'Italia S.p.A..

Iccrea BancaImpresa, together with the Cooperative Credit banks involved in the operation (Banca Alba, Banca Alpi Marittime, Banco Fiorentino, CRA Brendola, BCC San Giorgio Quinto Valle Agno, BCC Don Rizzo) played an important role in the subscription of the loan, in keeping with the tradition of Cooperative Credit in supporting local initiatives for value creation.

The regulations of the loan and the document for the admission of the bonds for trading can be consulted on the Company's website: http://centralelatteitalia.com/investor-relations/.

With 5 factories and some 450 employees, the Centrale del Latte d'Italia Group produces and sells more than 120 products, ranging from milk and milk products to yogurt, drinks of plant origin and fresh salads, distributed in over 16,000 points of sale in the pertinent areas under the brand names TappoRosso, Mukki, Tigullio and Vicenza and sold both in traditional shops and large retail chains.

Iccrea BancaImpresa SpA - The Cooperative Credit bank for corporate customers - offers consulting, services and financial solutions for SMEs. It takes care of all areas of leasing, and through loans, supports projects for the growth of business, including agricultural businesses, as well as assisting investors with services and consulting in the field of extraordinary finance and in the foreign sector, with activities to support import/export and internationalisation. Through its subsidiaries BCC Factoring and BCC Lease, it offers small ticket factoring and financial solutions. The offer is completed with hedging derivatives, insurance services and subsidies.

ADB is an independent consulting company founded in 1985 in Turin. It offers Corporate Advisory services, specialising mainly in Italian SMEs. Specifically, ADB assists SMEs as a Financial Advisor for extraordinary finance operations such as Bond Issues, Stock Market Listings, M&A and Private Equity.

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This notification is not an offer or an invitation to subscribe to or purchase securities. The securities have not been, and will not be, registered in the United States, pursuant to the United States Securities Act of 1933 (as amended) (the 'Securities Act'), or in Australia, Canada or Japan, or in any other country in which such an offer or request is subject to authorisation on the part of local authorities or prohibited pursuant to the law. The securities indicated herein may not be offered or sold in the United States or to U.S. persons, unless they are registered pursuant to the Securities Act, or if an exemption is applicable pursuant to the Securities Act. Copies of this announcement are not prepared and may not be distributed or sent to the United States, Canada, Australia or Japan.