Dovalue

Capital/Financing Update • Mar 26, 2025

Informazione Regolamentata n. 1967-22-2025	Data/Ora Inizio Diffusione 26 Marzo 2025 07:01:20		Euronext Star Milan
Societa'	:	DOVALUE
Identificativo Informazione Regolamentata	:	202943
: Utenza - Referente		DOVALUEN11 - Della Seta
Tipologia	:	REGEM
Data/Ora Ricezione	:	26 Marzo 2025 07:01:20
Data/Ora Inizio Diffusione	:	26 Marzo 2025 07:01:20
Oggetto	:	doValue signs a new agreement with National Bank of Greece for a €0.7 billion securitisation
Testo del comunicato

Vedi allegato

PRESS RELEASE

DOVALUE SIGNS A NEW AGREEMENT WITH NATIONAL BANK OF GREECE FOR A €0.7 BILLION HAPS SECURITISATION

THE THIRD HAPS SECURITIZATION WITH NATIONAL BANK OF GREECE, REINFORCING THE STRONG PARTNERSHIP AND TRUST WITH ANOTHER GREEK SYSTEMIC BANK

POSITIVE MOMENTUM CONTINUES WITH €6.1 BILLION GBV FROM NEW BUSINESS REACHED SINCE JANUARY, OVER 75% OF THE FULL-YEAR TARGET

Athens, March 26, 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, is pleased to announce that through its subsidiary, doValue Greece Loans and Credits Claim Management S.A. ("doValue Greece"), it has signed an agreement with National Bank of Greece ("NBG") in relation to the appointment as servicer of a portfolio to be securitised in relation to which NBG has entered into a definitive agreement with funds managed by Bracebridge Capital, LLC ("Bracebridge"), for the sale of 95% of the Mezzanine and Junior notes. The securitisation involves a Greek portfolio consisting primarily of secured non-performing loans (NPL) for a Gross Book Value of approximately €0.7 billion and total claims of €1.4 billion ("Project Frontier III") for which doValue Greece will act as sole and exclusive servicer.

doValue Greece RES will also provide REO services for the entire perimeter, increasing and further diversifying doValue's revenue beyond NPLs.

The agreement is subject to the completion of the securitisation process of such portfolio by NBG under the Hellenic Asset Protection Scheme (HAPS), which is expected to be finalised within Q2 2025.

The assignment of Project Frontier III contract reflects not only NBG's trust in doValue Greece following Project Frontier I and II HAPS securitizations, but also the strong relationship we have developed with very active investors in the region.

The mandate marks the continued positive momentum from the start of the year as the group reaches €6.1 billion GBV from new business, surpassing the €6 billion target for new mandates and reaching over 75% of the target of total GBV from new business for the entire 2025 as outlined in the 2024-2026 business plan.

***

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

Image Building doValue Media Relations Investor Relations Raffaella Casula (+39 02 89011300) Daniele Della Seta

dovalue@imagebuilding.it

Francesca Alberio investorrelations@dovalue.it