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M&A Activity • Jul 8, 2025

Informazione Regolamentata n. 1967-44-2025	Data/Ora Inizio Diffusione 8 Luglio 2025 07:00:12		Euronext Star Milan
Societa'	:	DOVALUE
Identificativo Informazione Regolamentata	:	207817
Utenza - referente	:	DOVALUEN06 - Della Seta
Tipologia	:	REGEM
Data/Ora Ricezione	:	8 Luglio 2025 07:00:12
Data/Ora Inizio Diffusione	:	8 Luglio 2025 07:00:11
Oggetto	:	doValue successfully completes the merger of its master servicing entities doNext and Master Gardant
Testo del comunicato

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PRESS RELEASE

DOVALUE SUCCESSFULLY COMPLETES THE MERGER OF ITS MASTER SERVICING ENTITIES DONEXT AND MASTER GARDANT

DONEXT MOVES UP THE RANKS TO BECOME THE MARKET LEADER IN THE ITALIAN MASTER SERVICING MARKET WITH €90 BILLION GBV

MASTER SERVICER PERIMETER EXPANDED TO INCLUDE €15 BILLION GBV FROM NON CAPTIVE PORTFOLIOS AND NON-NPL SECURITIZATIONS

Rome, July 8th, 2025 - doValue S.p.A. ("doValue" or the "Company", Euronext Milan DOV.MI), leading strategic financial services, real estate management, and value-added services provider in Southern Europe, announces that it successfully completed the merger of its master servicing whollyowned subsidiaries doNext S.p.A. and Master Gardant S.p.A following the clearance of the Bank of Italy. doNext is now the market leader in the growing Italian master servicing industry with 36% market share by GBV, holding roles in over 100 securitizations.

Thanks to the merger with Master Gardant, doNext's activity scope is broadened to include real estate securitizations and basket bonds, while the master servicing gross book value reaches €90 billion, ~20% of which is from non-captive portfolios.

The master servicing business is expected to contribute c. 7% of doValue Italy revenues in the current year supporting the Group's strategic goal of diversification.

The new doNext is going to become the pure-play Master Servicer of the Group. Indeed, in the context of the post-Gardant integration process, all special servicing activities of the Group are envisaged to be ultimately performed by doValue (also by way of future reorganizations to be activated within the year subject to completion of all relevant authorization processes) in order to unlock further savings and efficiencies.

The synergies released through this merger are included in the full-year guidance of €5 million synergies expected in 2025 from the integration of doValue Group and Gardant Group, which the Company remains fully confident in achieving.

***

doValue Group is a European financial services provider offering innovative products along the entire credit lifecycle, from origination to recovery and alternative asset management. With more than 20 years of experience and approximately €136 billion gross assets under management (Gross Book Value) as of 31 December 2024, including the contribution of Gardant, following its acquisition in November 2024, it operates in Italy, Spain, Greece and Cyprus. doValue Group contributes to economic growth by fostering sustainable development of the financial system and offers an integrated range of credit management services: servicing of Non-Performing Loans (NPL), Unlikely To Pay (UTP), Early Arrears, Performing Loans, Master Legal, Due Diligence, financial data processing, Master Servicing activities and asset management specialised in investment solutions, dedicated to institutional investors and focused on the sector of impaired and illiquid credits. doValue's shares are listed on Euronext STAR Milan (EXM) and, in 2024, the Group reported Gross Revenue of €479 million and EBITDA excluding non-recurring items of €165 million, and counted 3,168 employees.

Contacts

doValue doValue

Media Relations Investor Relations Daniele Biolcati (+39 337 168924) Daniele Della Seta daniele.biolcati@dovalue.it investorrelations@dovalue.it Giada Mattei (+39 370 1293358) Giada.mattei@dovalue.it

Image Building Media Relations Raffaella Casula (+39 02 89011300) Francesca Alberio dovalue@imagebuilding.it