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Legal Proceedings Report • Dec 27, 2018

Informazione Regolamentata n. 1967-48-2018		Data/Ora Ricezione 27 Dicembre 2018 11:16:49	MTA
Societa'	:	doBank SpA
Identificativo Informazione Regolamentata	:	112360
Nome utilizzatore	:	DOBANKN02 - Fabio Ruffini
Tipologia	:	REGEM
Data/Ora Ricezione	:	27 Dicembre 2018 11:16:49
Data/Ora Inizio Diffusione presunta	:	27 Dicembre 2018 11:16:50
Oggetto	:	doBank: agreement with Fortress for the management of a €0.7 billion portfolio
Testo del comunicato

Vedi allegato.

Press Release

DOBANK: AGREEMENT WITH FORTRESS FOR THE MANAGEMENT OF A PORTFOLIO WORTH EURO 0.7 BILLION

Verona, 27 December 2018 – doBank S.p.A. ("doBank" o "the Company") reports that it has signed an agreement with a securitization vehicle whose notes are attributable to an entity affiliated with Fortress Investment Group LLC ("Fortress"). Based on the agreement, doBank has been awarded the management of a portfolio of bad loans worth around Euro 680 million (gross book value). In particular, Italfondiario will act as master servicer, cash manager and administrative service provider, while doBank will act as special servicer.

The loans covered by the agreement are mortgage loan contracts with corporate clients, small and medium enterprises, originated by entities part of the Unicredit group and recently sold to Fortress, the so called "Project Milano". doBank was already servicing part of the portfolio, for about Euro 470 million, based on the ongoing framework agreement with Unicredit.

This agreement, in line with the targets of doBank's 2018-2020 Business Plan in terms of both size and economic terms, confirms doBank's leadership in the Italian credit servicing market.

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doBank S.p.A.

doBank, listed on the Electronic Stock Market (Mercato Telematico Azionario) organised and operated by Borsa Italiana S.p.A. since July 2017, is a leader in Italy in the business of managing primarily non-performing loans. With more than 18 years of experience in the sector, the Group is a long-standing partner of leading financial institutions and national and international investors. It had a portfolio of assets under management of €77 billion (in terms of gross book value) at December 31, 2017. Managing all phases of the loan lifecycle with an advanced operational approach and the highest servicer ratings in Europe, in 2017 the Group had gross revenues of about €213.0 million, with an EBITDA margin of 33% and strong cash generation.

Contacts

Image Building doBank S.p.A. Simona Raffaelli – Emilia Pezzini dobank@imagebuilding.it

Investor Relations doBank S.p.A. Fabio Ruffini 06 47979154