Illimity Bank S.p.A. — M&A Activity 2025

Jan 10, 2025

VOLUNTARY TENDER AND EXCHANGE OFFER LAUNCHED BY BANCA IFIS ON ALL THE SHARES OF ILLIMITY (ILTY)

Milan, 10 January 2025 – The Board of Directors of illimity Bank S.p.A. ("illimity" or the "Bank"), which met today in the context of an extraordinary session, has acknowledged the notice pursuant to article 102, paragraph 1 of the of Legislative Decree No. 58/1998 as subsequently amended and added to (CFA) and article 37 of the Issuers' Regulation, disseminated by Banca Ifis on 8 January last, regarding the launch of a voluntary and exchange offer on all the shares of illimity (the "Offer").

Without prejudice to the fact that illimity will communicate its opinion on the Offer within the timing and manner required by law, it should be noted that the Offer has not been solicited or previously agreed with illimity.

The illimity Group's activities continue as planned or already communicated, including the preparation of the new business plan, without neglecting any strategic option that could contribute to the objective of creating value for shareholders and all the Bank's stakeholders.

For additional information:

Investor Relations & Sustainability Fabio Pelati +39.335.7853370 – fabio.pelati@illimity.com

Ufficio Stampa & Comunicazione illimity

Vittoria La Porta, Elena Massei press@illimity.com

Ad Hoc Communication Advisors Flavia Antongiovanni +393457751791 Simona Di Nicola +39 335 141 5578 illimity@ahca.it

illimity is the high-tech banking group founded and headed by Corrado Passera that was created with the aim of responding to specific market needs by way of an innovative and specialist business model. Specifically, illimity provides credit to high-potential SMEs, integrating the entire value chain of credit management: investment, financing, and servicing, the latter managed through ARECneprix, its own asset management and structuring platform. It also offers direct digital bank services through illmitybank.com. Part of the Group is also illimity SGR, which establishes and manages three Alternative Investment Funds to support institutions and companies, both in the UTP area and in Private Capital. The illimity Group's story began in January 2018 with the launch of the special purpose acquisition company SPAXS S.p.A. This was followed by successful fundraising, with a record €600 million being raised on the market. SPAXS subsequently acquired Banca Interprovinciale S.p.A., resulting in the merger of the two entities to form "illimity Bank S.p.A.", which was listed on the Italian Stock Exchange on 5 March 2019 (ticker "ILTY"). It was first traded on the MTA exchange and has been listed on the STAR segment since September 2020. The banking group, headquartered in Milan, employs 920 people and has assets of approximately €8.3 billion as of 30 September 2024.