Italian Wine Brands

Capital/Financing Update • May 17, 2024

Informazione Regolamentata n. 20061-20-2024	Data/Ora Inizio Diffusione 17 Maggio 2024 17:07:19		Euronext Growth Milan
Societa'	:	ITALIAN WINE BRANDS
Identificativo Informazione Regolamentata	:	190955
Utenza - Referente	:	IWBN03 - x
Tipologia	:	REGEM
Data/Ora Ricezione	:	17 Maggio 2024 17:07:19
Data/Ora Inizio Diffusione	:	17 Maggio 2024 17:07:19
Oggetto	:	IWB - compliance certificate 2024
Testo del comunicato

Vedi allegato

Compliance Certificate

To: Noteholders From: Italian Wine Brands S.p.A. Date: 17/05/2024

RE: Italian Wine Brands S.p.A Up to Euro 130,000,000 Senior Unsecured Fixed Rate Notes due 13 May 2027 (ISIN XS2331288212 – Common Code: 233128821) (the "Bond") Dear Sirs,

We refer to the terms and conditions of the Bond (the "Conditions"). This is a Compliance Certificate pursuant to Condition 4 (b). Unless otherwise indicated, capitalised terms used in this Compliance Certificate have the meaning given to them in the Conditions.

We confirm that as at the Reporting Date falling on 17/05/2024:

• (i) since the previous Reporting Date, the Issuer and each of its Subsidiaries have been and are in compliance with Condition 4(a)(i) and Condition 4(a)(ii) (Covenants – Limitation on Indebtedness);
• (ii) as at the Certified Date falling on 31 December 2023: (x) we complied with our obligation under the Agency Agreement; and (y) no Event of Default or potential Event of Default existed nor had there existed since the Previous Certified Date; and
• (iii) the Consolidated Net Leverage Ratio in respect of the Relevant Period ending on the Determination Date falling on 31 December 2023, is 2.62.

Pursuant to Condition 4 (b) we hereby also confirm that, for the purposes of calculating the Consolidated Net Leverage Ratio, the Net Consolidated Financial Position of Operations of the Group and the Consolidated Adjusted EBITDA of the Group in respect of the Relevant Period ending on the Determination Date falling on 31 December 2023 are equal to: (i) Net Consolidated Financial Position of Operations of the Group: Eu/000 115,932

(ii) Consolidated Adjusted EBITDA of the Group: Eu/000 44,330

Yours faithfully,

By: Alessandro Mutinelli Chairman and CEO

Italian Wine Brands Spa | www.italianwinebrands.it | info@italianwinebrands.it Sede legale Viale Abruzzi 94, 20131 Milano. T +39 02 30516516 Società per Azioni con c.s. di Euro 1.124.468,80 Registro Imprese Milano, Monza-Brianza, Lodi N 2053323 e P.IVA 08851780968

Fine Comunicato n.20061-20-2024	Numero di Pagine: 3