Piaggio & C

Capital/Financing Update • Dec 30, 2016

Informazione Regolamentata n. 0835-83-2016		Data/Ora Ricezione 30 Dicembre 2016 09:51:13	MTA
Societa'	:	PIAGGIO & C.
Identificativo Informazione Regolamentata	:	83494
Nome utilizzatore	:	PIAGGION05 - LUPOTTO
Tipologia	:	AVVI 16
Data/Ora Ricezione	:	30 Dicembre 2016 09:51:13
Data/Ora Inizio Diffusione presunta	:	30 Dicembre 2016 10:06:13
Oggetto	:	MILLION EURO	PR PIAGGIO GROUP: OBTAINED TWO LOANS FOR A TOTAL AMOUNT OF 45
Testo del comunicato

Vedi allegato.

PRESS RELEASE

PIAGGIO GROUP OBTAINS TWO LOANS FOR A TOTAL AMOUNT OF 45 MILLION EURO

Transaction partners Banca Popolare di Milano and Banca del Mezzogiorno-Mediocredito Centrale

Milan, 30 December 2016 – Piaggio & C. S.p.A. has just obtained two mid-term unsecured bilateral loans for amounts totalling 45 million euro, with Banca Popolare di Milano and Banca del Mezzogiorno-Mediocredito Centrale.

Specifically, Banca Popolare di Milano has granted Piaggio 25 million euro, consisting of a 5 and-a-half-year 12.5 million euro amortising loan, and a tranche for the same amount in the form of a 4-year revolving credit facility

In addition, Piaggio has arranged a 5-and-a-half-year 20 million euro revolving credit facility with Banca del Mezzogiorno-Mediocredito Centrale.

The two new lines of credit are part of the Piaggio Group's on-going activities to optimise its debt structure in order to refinance the portion due in 2017, extend its average debt maturity and reduce its average borrowing cost.

For more information:

Piaggio Group Corporate Press Office Via Broletto, 13 20121 Milan – Italy +39 02 02.319612.19 diego.rancati@piaggio.com press@piaggio.com piaggiogroup.com press.piaggiogroup.com

Piaggio Group Investor Relations Viale Rinaldo Piaggio, 25 56025 Pontedera (PI) +39 0587.272286 investorrelations@piaggio.com piaggiogroup.com