Leonardo S.p.A.

Share Issue/Capital Change • Nov 22, 2023

Informazione Regolamentata n. 0131-50-2023		Data/Ora Inizio Diffusione 22 Novembre 2023 08:01:43	Euronext Milan
Societa'	:	LEONARDO
Identificativo Informazione Regolamentata	:	183662
Nome utilizzatore	: LEONARDON04 - Micelisopo
Tipologia	:	REGEM
Data/Ora Ricezione	:	22 Novembre 2023 08:01:42
Data/Ora Inizio Diffusione	:	22 Novembre 2023 08:01:43
Oggetto	:	OF SECONDARY OFFERING OF A COMMON STOCK. GREENSHOE OPTION FULLY EXERCISED	LEONARDO ANNOUNCES COMPLETION MINORITY STAKE IN LEONARDO DRS
Testo del comunicato

Vedi allegato.

PRESS RELEASE

LEONARDO ANNOUNCES COMPLETION OF SECONDARY OFFERING OF A MINORITY STAKE IN LEONARDO DRS COMMON STOCK. GREENSHOE OPTION FULLY EXERCISED

Rome, 22/11/2023 – Leonardo S.p.A. ("Leonardo") announced today the completion on November 21, 2023 of an upsized public secondary offering in the United States by Leonardo US Holding, LLC (the "Selling Stockholder"), Leonardo's subsidiary, of a minority stake of 20,700,000 shares of common stock of Leonardo DRS, Inc. ("DRS") at an offering price of \$17.75 per share, which includes 18,000,000 initially offered shares as well as the exercise in full on November 17, 2023 by the underwriters of their option to purchase an additional 2,700,000 shares of DRS's common stock from the Selling Stockholder. All of the shares in the offering were sold by the Selling Stockholder. DRS did not receive any proceeds from the offering.

Following completion of the offering, given that the underwriters exercised in full their option to purchase an additional 2,700,000 shares, the Selling Stockholder holds approximately 72.3% of the issued and outstanding shares of common stock in DRS.

Morgan Stanley, BofA Securities and J.P. Morgan acted as joint book-running managers for the offering. Baird, Goldman Sachs & Co. LLC and Truist acted as joint book-runners for the offering. CJS Securities acted as co-manager for the offering.

The shares of common stock in the offering were offered pursuant to an automatically effective shelf registration statement on Form S-3 filed by DRS with the Securities and Exchange Commission on November 15, 2023. The offering was made only by means of a prospectus supplement and the accompanying prospectus of DRS that forms a part of the registration statement.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy securities, nor shall there be any offer or sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Press Office Ph +39 0632473313 leonardopressoffice@leonardo.com

Investor Relations Ph +39 0632473512 ir@leonardo.com

leonardo.com

Leonardo is a leading global Aerospace, Defence and Security (AD&S) company. With 51,000 employees worldwide, it operates in the fields of Helicopters, Electronics, Aircraft, Cyber & Security and Space, and is a key partner in major international programmes including Eurofighter, NH-90, FREMM, GCAP and Eurodrone. Leonardo has significant industrial capabilities in Italy, the UK, Poland, the US and Israel and also operates through subsidiaries, joint ventures and stakes, including Leonardo DRS (post-offering 72.3%), MBDA (25%), ATR (50%), Hensoldt (25.1%), Telespazio (67%), Thales Alenia Space (33%) and Avio (29.6%). Listed on the Milan Stock Exchange (LDO), Leonardo reported new orders of €17.3 billion in 2022, with an order backlog of €37.5 billion and consolidated revenues of €14.7 billion. The company is included in the MIB ESG index and has been part of the Dow Jones Sustainability Indices (DJSI) since 2010.