Credito Emiliano S.p.A. - Tender Offer - Launch

CREDITO EMILIANO ANNOUNCES THE TENDER OFFER ON SENIOR NON-PREFERRED NOTES AND THE ISSUANCE OF NEW EURO DENOMINATED SENIOR PREFERRED SOCIAL NOTES - XS2068978050

18 SEPTEMBER 2023

Full announcement including disclaimers and offer restrictions available via Euronext

"Reggio Emilia, 18 September 2023 – Credito Emiliano S.p.A. (the "Offeror") today announced an invitation to holders of its €500,000,000 1.50% Fixed to Floating Rate Callable Senior Non-Preferred Notes due October 2025 (the "Notes"), in a principal amount outstanding of €500,000,000, to tender their Notes for purchase by the Offeror for cash (the "Offer"), targeting to purchase up to €200,000,000 in aggregate principal amount of Notes(as further described below), although the Offeror reserves the right, in its sole discretion, to accept less than such amount for purchase pursuant to the Offer.

The Offer is being made as part of the Offeror's pro-active management of its liabilities."

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Details of the Notes and summary of the Offer

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