Unieuro — Capital/Financing Update 2017

Jun 16, 2017

Informazione Regolamentata n. 1944-34-2017		Data/Ora Ricezione 16 Giugno 2017 16:46:08	MTA - Star
Societa'	:	UNIEURO
Identificativo Informazione Regolamentata	:	90927
Nome utilizzatore	:	UNIEURON04 - Andrea Moretti
Tipologia	:	3.1
Data/Ora Ricezione	:	16 Giugno 2017 16:46:08
Data/Ora Inizio Diffusione presunta	:	16 Giugno 2017 16:46:09
Oggetto	:	Unieuro S.p.A.: Credit facility for a maximum amount of 50 million Euros subscribed
Testo del comunicato

Vedi allegato.

PRESS RELEASE

UNIEURO S.P.A.: CREDIT FACILITY FOR A MAXIMUM AMOUNT OF € 50 MILLION SUBSCRIBED

New resources to finance growth

Forlì, 16 June 2017 - Unieuro S.p.A. (MTA: UNIR), the largest omnichannel distributor of consumer electronics and household appliances in terms of retail outlets in Italy, subscribed today a new credit facility with a consortium of banks for a maximum amount of € 50 million and a duration of three years ("New Credit Facility").

The consortium that subscribed the New Credit Facility includes Banca IMI S.p.A., UniCredit S.p.A., Banca Popolare di Milano S.p.A., MPS Capital Servicers Banca per le Imprese S.p.A. and Banca Popolare dell'Alto Adige S.p.A. ("Lenders")

The transaction aims to provide the Company with additional resources to finance growth through acquisitions and the opening of new stores. It confirms Unieuro's resolve to establish itself as a leader and consolidator in the consumer electronics market in Italy.

The New Credit Facility is part of a process aimed at reformulating the Euro Term and Revolving Facilities Agreement currently in place. It has a significantly lower cost than preexisting credit facilities, also thanks to Unieuro's soundness (at 28 February 2017, the Company had a net financial position basically equal to zero) and to the strength of its growth prospects. The interest rate is based on the Euribor increased by a spread which is in line with current market conditions.

In this context, some third parties, including the majority shareholder International Electronics Holding and some of the Company's senior executives, agreed to extend the guarantees already provided to secure the Company's obligations under theNew Credit Facility provided by the Lenders. The concession of a guarantee in favour of the Lenders was regarded as a transaction entered into with parties related to the Company and as such received a favourable opinion by the Related Transactions Committee. For more information, please refer to the information document which will be published in accordance with the rules.

Unieuro was assisted by Nctm Studio Legale as legal advisor. The Lenders was advised by Clifford Chance.

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For the transmission, storage and filing of the Regulatory Information to be made public, Unieuro S.p.A. chose to use the platforms "eMarket SDIR" and "eMarket STORAGE" managed by Spafid Connect S.p.A., with offices in Foro Buonaparte 10, Milan.

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Mr. Italo Valenti, Chief Financial Officer, hereby declares that, pursuant to and in accordance with Article 154-bis, paragraph 2, of Legislative Decree No. 58 of 1998, the information contained in this press release matches the company's documentation, books and accounting records.

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Unieuro S.p.A.

Unieuro S.p.A. – with a widespread network of 460 outlets throughout the country, including direct stores (180) and affiliated stores (280), and its digital platform unieuro.it – is now the largest omnichannel distributor of consumer electronics and household appliances by number of outlets in Italy. Unieuro is headquartered in Forlì and has a logistics hub in Piacenza. It has more than 3,900 employees and revenues that exceeded € 1.6 billion for the year ending 28 February 2017.

For information:

Investor Relations Media Relations

Italo Valenti iCorporate CFO & Investor Relations Officer Arturo Salerni +39 0543 776769 +39 335 1222631 investor.relations@unieuro.com Rita Arcuri

Andrea Moretti unieuro@icorporate.it Investor Relations Manager +39 335 5301205 +39 0543 776769 amoretti@unieuro.com

+39 333 2608159