Intred — Capital/Financing Update 2020

Feb 25, 2020

Press Release

INTRED GETS FUNDING FROM INTESA SANPAOLO

Brescia, 25 February 2020 – Intred S.p.A. ("Intred" or the "Company"), a telecommunications operator listed on the Italian Stock Exchange AIM Italia market since 2018 (symbol: ITD.MI), announces that today it has signed a loan agreement with Intesa Sanpaolo.

This is a loan for an amount of € 6 million with a duration of six years and an interest rate in line with the best market conditions aimed at the development of the regular business activities and the acquisition of the entire stake of Qcom S.p.A. (see press release of 18 February 2020). The loan does not include covenants or guarantees.

Daniele Peli, President and CEO of Intred, commented: "This liquidity injection will allow us to carry out the development projects of the fiber optic network in the Lombardy region that we have undertaken following the IPO and serves as proof of its quality considering the excellent conditions that have been applied to us by a primary national financial institution".

This press release is online on and on the Issuer's website www.intred.it (Investors section / Price Sensitive Press Releases).

Intred Telecomunicazioni

Reference telecommunications operator in Lombardy founded in 1996 by Daniele Peli, the company's current Chairman and CEO, and listed on the Italian Stock Exchange AIM Italia market since 2018 (symbol: ITD.MI). With an optic fibre network of over 2,900 km, Intred provides ultra-broadband, broadband and wireless connectivity, landline telephone services, cloud services and related services for business and retail customers, the latter served with the EIR brand. Intred directly operates its own infrastructure to ensure efficiency, profitability, service quality and – thanks to a dedicated in-house call centre – excellent service levels for its users. Its high-value assets and consolidated, highly scalable business model, combined with a turnover of €20.8 million as at 31 December 2019, make Intred an ideal infrastructure technology partner with a full range of high-quality, reliable and secure solutions. www.intred.it

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Nomad

Banca Profilo S.p.A. +39 02 584081 alessio.muretti@bancaprofilo.it

Specialist Integrae SIM S.p.A. +39 02 87208720 info@integraesim.it

Investor Relation Intred CFO & Investor Relations Officer Filippo Leone Tel. +39 391 4143050 ir@intred.it

CDR Communication Vincenza Colucci Tel. +39 335 6909547 vincenza.colucci@cdr-communication.it Media Relation CDR Communication Angelo Brunello Tel. +39 329 2117752 angelo.brunello@cdr-communication.it

Intred S.p.A. – Via Pietro Tamburini, 1 – 25136 Brescia www.intred.it – info@intred.it P.Iva 02018740981 - Cod. Fis. e Reg. Imprese 11717020157 REA 366982 BS – Cap. Soc. € 10.000.000,00 i.v.