DoBank : has signed the final agreement with rev for the management of a bad loans portfolio worth around euro 2.4 billion

Press Release

DOBANK HAS SIGNED THE FINAL AGREEMENT WITH REV FOR THE MANAGEMENT OF A BAD LOANS PORTFOLIO WORTH AROUND EURO 2.4 BILLION

Verona, 24 January 2018- doBank S.p.A. ("doBank")reports that it has signed an agreement with REVGestione Crediti S.p.A. ("REV")based on which the doBank Group will be assigned the management, as special servicer, of a portfolio of bad loans worth around Euro 2.4 billion (gross book value). The loans covered by the agreement were originated by Banca delle Marche, Banca dell'Etruria e del Lazio, Cassa di Risparmio di Ferrara and Cassa di Risparmio di Chieti. The doBank Group's management is expected to start in the first quarter of2018.

The size of the portfolio makes doBank, to date, the main external servicer appointed by REV for the management of its portfolio.

The present special servicing agreement confirms what envisaged in the Business Plan and is in line with the growth strategy of doBank.

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The doBank GroupdoBank, listed on the Electronic Equity Market (Mercato Telematico Azionario) organized and managed by Borsa Italiana S.p.A., is a leader, among independent servicers, in the business of managing primarily non-performing loans for banks and public and private financial institutions, with a loan portfolio under management of €81 billion (in terms of gross book value) as of December 31, 2016, corresponding to more than half the volume of non-performing loans entrusted to external management in the Italian independent servicing market and approximately one third of the total volume of non-performing loans of the same market. The Gross Revenues of the doBank Group as of December 31, 2016, as resulting from the Pro-Forma Consolidated Statements, were approximately€206.2 million and consisted for 93% of Servicing Revenues, for 4% of Revenues from ancillary products and for the remaining 3% of Revenues deriving from minor banking activities.

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