Landi Renzo

Capital/Financing Update • Jun 19, 2018

Informazione Regolamentata n. 0915-23-2018		Data/Ora Ricezione 19 Giugno 2018 17:03:13	MTA - Star
Societa'	:	LANDI RENZO
Identificativo Informazione Regolamentata	:	105336
Nome utilizzatore	:	LANDIN03 - Cilloni
Tipologia	:	REGEM
Data/Ora Ricezione	:	19 Giugno 2018 17:03:13
Data/Ora Inizio Diffusione presunta	:	19 Giugno 2018 17:03:14
Oggetto	:	Bond installment payment
Testo del comunicato

Vedi allegato.

Press Release June 19, 2018

"LANDI RENZO 6.10% 2015-2022" Bond, ISIN code IT0005107237 (the "Bond")

Cavriago, June 19, 2018 – Following on the information circulated on May 18, 2018, Landi Renzo announces that on July 2, 2018, in accordance with the Loan Regulation (the "Regulation"), the Bondholders will receive a gross total amount of € 3,246,320.00 (equivalent to € 9,548.00 per single bond), of which (i) a total of € 2,185,520.00 (€ 6,428.00 per single bond) by way of Repayment Instalment (as defined in the Regulation) and payment of interest; and (ii) a total of € 1,060,800.00 (€ 3,120.00 per single bond) by way of Repayment Following Permitted Transactions (as defined in the Regulation and as clarified below) to be applied towards the final Repayment Instalment provided for in the amortising plan included in the Regulation.

It is further clarified that, in accordance with Article 10-bis of the Regulation, the above total amount of €1,060,800.00 (€3,120.00 per single bond), to be paid by way of Repayment Following Permitted Transactions (as defined in the Regulation) and to be applied to the final Repayment Instalment (as defined in the Regulation) is equal to 26.13% of the net income in excess of €3,000,000 collected by Landi Renzo up to December 31, 2017 as consideration for the sale to the AVL Group of the Technical Center's business unit and 100% of its stake in Eighteen Sound, announced to the market on August 1, 2017 and December 11, 2017, respectively.

Cristiano Musi, Chief Executive Officer of Landi Renzo S.p.A., commented: "The early repayment of the installments of this bond is a further sign of the Group's strong performance and improved financial solidity, made possible by the adoption of the management policies laid out in the 2018-2022 industrial plan, including the sale of non-core businesses, in addition to the ability to generate cash through its core business."

Pursuant to Article 10-bis of the Regulation, the following table provides information on the Bond's amortization schedule, updated to reflect the Repayments described herein.

Date of Repayment Instalment	Repayment Instalment (per single Bond)	Residual Capital Amount (per single Bond) Nominal Value
June 30, 2018	€ 6,963.00	€ 87,037.00
December 31, 2018	€ 3,843.00	€ 83,194.00
June 30, 2019	€ 5,765.00	€ 77,429.00
December 31, 2019	€ 5,765.00	€ 71,664.00
June 30, 2020	€ 7,686.00	€ 63,978.00
December 31, 2020	€ 7,686.00	€ 56,292.00
June 30, 2021	€ 11,530.00	€ 44,762.00

Press Release

June 19, 2018

December 31, 2021	€ 11,530.00	€ 33,232.00
June 30, 2022	€ 18,176.00	€ 15,056.00
December 31, 2022	€ 15,056.00	€ 0

The Total Residual Capital post-repayment amount to Euro 29,592,580.00

Landi Renzo is the global leader in the LPG and Methane gas components and systems for motor vehicles sector. The Company is based in Cavriago (Reggio Emilia) and has over 60 years' experience in the sector, and is renowned for the extent of its international activities in over 50 countries, with export sales of about 80%.

Landi Renzo S.p.A. has been listed on the STAR segment of the MTA Market of Borsa Italiana since June 2007.

For further information:

LANDI RENZO	Image Building media contacts
Paolo Cilloni	Cristina Fossati, Angela Fumis, Anna Pirtali
CFO and Investor Relator	Tel.: +39 02 89011300
ir@landi.it	e-mail: landirenzo@imagebuilding.it