Trevi Fin Industriale

Capital/Financing Update • Aug 10, 2018

Informazione Regolamentata n. 0262-40-2018		Data/Ora Ricezione 10 Agosto 2018 19:33:29	MTA
Societa'	:	TREVI GROUP
Identificativo Informazione Regolamentata	:	107670
Nome utilizzatore	:	TREVIN01 - Cocco
Tipologia	:	REGEM
Data/Ora Ricezione	:	10 Agosto 2018 19:33:29
Data/Ora Inizio Diffusione presunta	:	10 Agosto 2018 19:33:30
Oggetto	:	Trevi Group Press Release August 10, 2018
Testo del comunicato

Vedi allegato.

EXTENDED THE DEADLINE FOR THE POSSIBLE ACCEPTANCE OF THE OFFER SUBMITTED BY BAIN CAPITAL ("BC")

STARTED THE SUBSCRIPTION PHASE OF THE STANDSTILL AGREEMENT

DEPOSITED THE DOCUMENTATION RELATING TO THE SHAREHOLDERS' MEETING OF JULY 30, 2018

Cesena August 10, 2018 – Trevi Finanziaria Industriale S.p.A. (the "Company" or "Trevifin") announces that, with reference to the ongoing negotiation with the investor Bain Capital ("BC") and to the binding offer submitted by the same concerning its possible intervention in the Trevi Group equity strengthening and debt restructuring transaction (already mentioned in July 27, 2018 press release of the Company, made available on its website www.trevifin.com, in the section "Press Releases"), BC has granted to the Company an extension of the deadline for the acceptance of the offer until September 14, 2018, to allow the parties to complete the ongoing evaluations and to continue the discussion still ongoing on the terms of such offer. Trevifin has, for its part, accepted to extend the exclusivity period previously granted to BC for the negotiation of the aforementioned agreement, until the same date of September 14, 2018.

With reference to the standstill agreement with the financing banks (see the press releases of July 18 and July 27, 2018), the Company confirms that at the outcome of reaching an agreement on the relative contents, today the standstill agreement has been signed by the companies of the Trevi Group parties to the agreement and, at the same time, has been started the procedure for the collection of the subscriptions for the adhesion of the numerous Trevi Group financing banks parties to the agreement. The effectiveness of the agreement is subject to the acceptance by adhesion, by September 15, 2018, by a number of financial creditors representing at least 93% of the overall indebtedness owed by the Trevi Group to the banks expected to adhere to the agreement.

In relation to the cash uncertainties recorded in the last few months at Group level, also linked to the unexpected delays in the collections on existing contracts (see the press release made available by the Company on June 14, 2018), the Company informs that are not expected cash uncertainties for the current month of August and that these uncertainties should not even register in the following months of the current financial year, assuming that the standstill agreement becomes effective in the aforementioned term.

Lastly, the Company announces that the documentation relating to the Extraordinary Shareholders' Meeting held on July 30, 2018, inclusive of the related report, is available on the Company's website, www.trevifin.com, in the section Governance/Shareholders' Meetings. Attention is drawn to the fact that the resolution approved on the proposal of the controlling shareholder Trevi Holding S.E. has been corrected at the time of filing for registration in the Companies' Register due to a material error found in the relevant text, which is therefore partially different from that disclosed to the market with the press release of July 30, 2018.

About Trevi:

Trevi Group is a worldwide leader in the field of soil engineering (special foundations, tunnel excavation, soil consolidation and the building and marketing of special rigs and equipment relevant to this engineering sector); the Group is also active in the drilling sector (oil, gas and water) both in the production of plant and the supply of services, and it also builds automated underground car parks. The Group was established in Cesena in 1957 and today has more than 30 branches and is present in over 80 countries. Its success is due to the vertical integration of the main divisions making up the Group: Trevi, the division that supplies special services in the field of soil engineering, Petreven, the oil drilling division of the Group, Soilmec, the division that produces and develops plant and machinery for soil engineering and Drillmec the division that produces and develops drilling rigs (oil, gas and water). The parent company has been listed on the Milan stock exchange since July 1999.

For further information:

Investor Relations: Francesca Cocco – e-mail: investorrelations@trevifin.com Group Communications Office: Franco Cicognani - e-mail: fcicognani@trevifin.com – tel: +39/0547 319503 Press Office: Community - Strategic communication advisers – T. +39 02 89404231 Auro Palomba - Auro.palomba@communitygroup.it Roberto Patriarca – (T. +39 335 65 09568) - Roberto.patriarca@communitygroup.