Landi Renzo

Foreign Filer Report • Apr 19, 2017

LANDI RENZO S.P.A.

Financial Statements

Foreign non UE subsidiaries on December,31 2016 –

Art. 36 Consob Regulation on Markets

(Translation from Italian original which remains the definitive version)

Non UE foreign subsidiaries Financial Statements on December, 31 2016 ex art.36 Consob Regulation on Markets

1.	Introduction	pg.3
2.	Beijing Landi Renzo Autogas System Co. Ltd Statement of financial position Income Statement	pg.4 pg.4 pg.5
3.	LR Industria e comercio Ltda Statement of financial position Income Statement	pg.6 pg.6 pg.7

1. Introduction

In accordance with the provisions of art. 36, paragraph 1, lett. a) of CONSOB Market Regulation (adopted by resolution no. 16191 of 29 October 2007 and subsequent amendments and additions), Landi Renzo S.p.A. provides to public by this document, the financial statements of its subsidiaries that are established and governed by the laws of non-EU countries that have been identified as relevant in terms of the criteria referred to in paragraph 2 of the same Article 36 of the Consob Market Regulations.

In particular, are reported below the statements of financial position and income statements of those companies as well as stated for the purposes of preparing the consolidated financial statements of Landi Renzo S.p.A. on December 31, 2016.

2. Beijing Landi Renzo Autogas System Co. Ltd

Registered office: Building No.5, Jing Yuan Bei Jie No.2, Beijing Economic-Technological Development Area, Beijing P.R.China Share Capital: 20.854.030 RMB Currency: Chinese Renminbi Group ownership percentage: 100%

Beijing Landi Renzo Autogas System Co. Ltd
ASSETS	31/12/2016	31/12/2015
Non-current assets
Property, plant and equipment	11,407,428	12,524,583
Intangible assets	28,914	45,490
Total non-current assets	11,436,342	12,570,074
Current assets
Trade receivables	18,940,821	12,473,034
Inventories	7,553,928	14,288,757
Other receivables and current assets	1,265,824	2,403,585
Cash and cash equivalents	4,063,862	11,205,442
Total current assets	31,824,435	40,370,819
TOTAL ASSETS	43,260,778	52,940,892

EQUITY AND LIABILITIES	31/12/2016	31/12/2015
Net Equity
Share capital	20,854,030	20,854,030
Other reserves	20,231,181	22,845,651
Profit (loss) of the period	-5,973,019	-2,614,471
TOTAL NET EQUITY	35,112,192	41,085,211
Non-current liabilities
Provisions for risks and charges	729,776	1,210,000
Total non-current liabilities	729,776	1,210,000
Current liabilities
Trade payables	5,434,126	9,252,148
Tax liabilities	105,554	101,616
Other current liabilities	1,879,130	1,291,918
Total current liabilities	7,418,811	10,645,682
TOTAL LIABILITIES AND EQUITY	43,260,778	52,940,892

Beijing Landi Renzo Autogas System Co. Ltd
Income Statement	31/12/2016	31/12/2015
Revenues (goods and services)	24,814,026	40,149,229
Other revenue and income	0	8,298
Cost of raw materials, consumables and goods and change in inventories	18,174,822	25,660,392
Costs for services and use of third party assets	5,763,222	7,775,160
Personnel expenses	5,066,258	5,976,238
Accruals, impairment losses and other operating expenses	588,517	1,459,156
Gross Operating Profit	-4,778,793	-713,418
Amortization, depreciation and impairment losses	1,060,477	1,205,037
Net Operating Profit	-5,839,270	-1,918,456
Financial income	11,568	64,247
Financial expenses	116,921	82,461
Gains (losses) on exchange rate	-28,396	-699,988
Profit (Loss) before tax	-5,973,019	-2,636,657
Current and deferred taxes	0	-22,187
Profit (loss) of the period	-5,973,019	-2,614,471

4. LR Industria e comercio Ltda

Registered office: LR Industria e comercio Ltda, Av. Paulo Miguel Bohomoletz nº 175, Qd XV Lotes 03,04 e 05,Cep: 29.168-010,CIVIT I, Serra-ES - Brasil Share Capital: 4.320.000 BRL Currency: Brasilian Real Group ownership percentage: 99,99%

LR Industria e Comercio Ltda
ASSETS	31/12/2016	31/12/2015
Non-current assets
Property, plant and equipment	111,058	141,926
Total non-current assets	111,058	141,926
Current assets
Trade receivables	17,717,637	16,594,083
Inventories	6,876,443	5,722,685
Other receivables and current assets	2,234,164	2,127,755
Cash and cash equivalents	319,471	1,556,607
Total current assets	27,147,715	26,001,130
TOTAL ASSETS	27,258,773	26,143,056

EQUITY AND LIABILITIES	31/12/2016	31/12/2015
Net Equity
Share capital	4,320,000	4,320,000
Other reserves	-3,776,332	2,368,190
Profit (loss) of the period	7,683,554	-6,144,523
TOTAL NET EQUITY	8,227,222	543,668
Non-current liabilities
Provisions for risks and charges	1,020,000	780,000
Total non-current liabilities	1,020,000	780,000
Current liabilities
Trade payables	15,717,606	24,377,912
Tax liabilities	1,839,747	227,510
Other current liabilities	454,199	213,965
Total current liabilities	18,011,551	24,819,388
TOTAL LIABILITIES AND EQUITY	27,258,773	26,143,056

LR Industria e Comercio Ltda
Income Statement	31/12/2016	31/12/2015
Revenues (goods and services)	41,661,902	24,087,667
Other revenue and income	92,076	103,505
Cost of raw materials, consumables and goods and change in inventories	30,660,421	20,753,243
Costs for services and use of third party assets	2,270,985	2,166,502
Personnel expenses	1,892,722	1,736,002
Accruals, impairment losses and other operating expenses	777,305	405,872
Gross Operating Profit	6,152,545	-870,447
Amortization, depreciation and impairment losses	30,867	29,737
Net Operating Profit	6,121,678	- 900.184
Financial income	202,648	152,859
Financial expenses	592,319	125,747
Gains (losses) on exchange rate	3,542,090	-4,856,930
Profit (Loss) before tax	9,274,097	-5,730,003
Current and deferred taxes	1,590,543	414,520
Profit (loss) of the period	7,683,554	-6,144,523