IVS : 19 Settembre 2019 – IVS Group S.A. – Prestito Obbligazionario “IVS Group S.A. senior unsecured notes due 2026” – Approvazione prospetto informativo

NOT FOR DISTRIBUTION IN THE

UNITED STATES, CANADA AUSTRALIA OR JAPAN

PRESS RELEASE

Grand Duchy of Luxembourg, 19 September, 2019

IVS Group S.A. - "IVS Group S.A. senior unsecured notes due 2026" Bond Issuance.

The Commission de Surveillance du Secteur Financier of the Grand Duchy of Luxembourg

approves the Prospectus relating to the Notes.

IVS Group S.A. (the "Company"), following the press release of 11 September 2019, announces that on 19 September, 2019 the Commission de Surveillance du Secteur Financier (the "CSSF") of the Grand Duchy of Luxembourg, has approved the prospectus (the "Prospectus") relating to the public offering of the "IVS Group S.A. senior unsecured notes due 2026" (the "Notes").

The Company also announces that Borsa Italiana S.p.A. ("Borsa Italiana") on 13 September 2019 admitted the Notes to listing on the regulated Mercato Telematico delle Obbligazioni (the "MOT").

The Prospectus has been prepared in accordance with Regulatione (EU) 2017/1129 of the European Parliament and of the Council of June 14, 2017, as well as to the relevant forms of the Commission Delegated Regulation (EU) No 980/2019 implementing Regulatione (EU) 2017/1129.The Prospectus has been approved by the CSSF, in its capacity as Competent Authority of the Home Member State of the Company under the Luxembourg Prospectus Law dated July 16, 2019 relating to prospectuses for securities (Loi du 16 juillet 2019 relative aux prospectus pour valeurs mobilières), as amended, which implements Regulatione (EU) 2017/1129 in Luxembourg.

Following to the approval of the Prospectus, the Company has requested the CSSF to notify the Commissione Nazionale per le Società e la Borsa ("CONSOB", the competent authority in Italy, the Host Member State where a public offering of Notes will take place) and to submit to CONSOB the Prospectus, the approval certificate and the other documents provided for the "passporting" procedure in Italy in accordance with applicable law.

The Prospectus will be published in electronic form on the website of the Company (www.ivsgroup.it/en/) and the website of the Luxembourg Stock Exchange (www.bourse.lu), and will be available free of charge at the registered office of the Company (18, Rue de l'Eau, L-1449 Luxembourg).

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This announcement is not an offer for sale of securities in the United States. The notes referred to herein may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. IVS Group S.A. and its affiliates do not intend to register any portion of the offering of the notes in the United States or to conduct a public offering of the notes in the United States. Copies of this announcement are not being made and may not be distributed or sent into the United States, Canada, Australia or Japan.

This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) (a) to (d) of the Order (all such persons together being referred to as "relevant persons"). Any investment activity to which this communication relates will only be available to and will only be engaged with, relevant

persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

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This press release is also available on the company's website: www.ivsgroup.it in the investor relations section.

Contatti / ContactsMarco Gallarati [e-mail] [phone]

IVS Group S.A., listed on the STAR Segment of the Milan Stock Exchange, is the Italian leader and the second player in Europe in the business of automatic and semi-automatic vending machines. With more than 2,900 partners and 82 branches in Italy, France, Spain and Switzerland, in 2018 the Group has registered a revenue of Euro 434 million. Around 200,000 vending machines installed at airports, metro stations, hospitals, train stations, universities, post offices and corporations, with more than 830 million vends per year.

COMUNICATO STAMPA

Gran Ducato del Lussemburgo, 19 settembre 2019

IVS Group S.A. - Prestito Obbligazionario "IVS Group S.A. senior unsecured notes due 2026".

La Commission de Surveillance du Secteur Financier del Gran Ducato del Lussemburgo

approva il Prospetto Informativo relativo alle Obbligazioni.

IVS Group S.A. (la "Società "), facendo seguito a quanto comunicato in data 11 settembre 2019, rende noto che in data 19 Settembre 2019 la Commission de Surveillance du Secteur Financier (la "CSSF") del Gran Ducato del Lussemburgo, ha approvato il prospetto informativo (il "Prospetto Informativo") relativo all'offerta pubblica di sottoscrizione delle obbligazioni rivenienti dal prestito obbligazionario denominato "IVS Group S.A. senior unsecured notes due 2026" (le "Obbligazioni").

Si comunica inoltre che Borsa Italiana S.p.A. ("Borsa Italiana"), con provvedimento in data 13 Settembre 2019, ha ammesso le Obbligazioni a quotazione sul Mercato Telematico delle Obbligazioni (il "MOT").

Il Prospetto Informativo è stato predisposto ai sensi del Regolamento (UE) 2017/1129 del Parlamento e del Consiglio Europeo del 14 giugno 2017 e degli schemi applicabili previsti dal Regolamento Delegato (UE) n. 980/2019 della Commissione Europea in attuazione del Regolamento (UE) 2017/1129. Il Prospetto è stato approvato dalla CSSF, in qualità di Autorità Competente nello Stato Membro d'Origine della Società ai sensi della Luxembourg Prospectus Law del 16 luglio 2019 relativa ai prospetti sui valori mobiliari (Loi du 16 juillet 2019 relative aux prospectus pour valeurs mobilières), come successivamente modificato, che ha implementato il Regolamento (UE) 2017/1129 in Lussemburgo.

A seguito dell'approvazione del Prospetto, la Società ha richiesto alla CSSF di trasmettere e notificare il Prospetto Informativo unitamente al certificato di approvazione e agli ulteriori documenti previsti dalla citata normativa applicabile ai fini della procedura di "passporting" alla Commissione Nazionale per le Società e la Borsa (la "CONSOB"), in qualità di autorità competente in Italia quale Stato Ospitante, ai fini dell'offerta al pubblico delle Obbligazioni in Italia.

Il Prospetto Informativo sarà messo a disposizione del pubblico sul sito internet della Società (www.ivsgroup.it/en/) e sul sito internet della Borsa del Lussemburgo (www.bourse.lu). Copia cartacea del Prospetto Informativo può essere richiesta gratuitamente presso la sede legale della Società (18, Rue de l'Eau, L-1449 Luxembourg).

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This announcement is not an offer for sale of securities in the United States. The notes referred to herein may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. IVS Group S.A. and its affiliates do not intend to register any portion of the offering of the notes in the United States or to conduct a public offering of the notes in the United States. Copies of this announcement are not being made and may not be distributed or sent into the United States, Canada, Australia or Japan.

This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) (a) to (d) of the Order (all such persons together being referred to as "relevant persons"). Any investment

activity to which this communication relates will only be available to and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

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Il comunicato è disponibile anche sul sito web aziendale: www.ivsgroup.it nella sezione investor relations.

Contatti / ContactsMarco Gallarati [e-mail] [phone]

IVS Group S.A., quotata alla Borsa di Milano nel segmento STAR, è il leader italiano e la seconda realtà in Europa nel settore della ristorazione automatica. Con oltre 2.900 collaboratori e 82 filiali in Italia, Francia, Spagna e Svizzera, nel 2018 il Gruppo ha realizzato un fatturato di 434 milioni di euro. Oltre 200 mila distributori installati presso aeroporti, metropolitane, ospedali, stazioni, università, uffici postali e aziende, con oltre 830 milioni di consumazioni all'anno.