Retelit S p A : CLARIFICATION ON LOAN CONTRACT SIGNED WITH SYNDICATE OF LEADING BANKS FOR THE ACQUISITION OF BRENNERCOM S.P.A.

PRESS RELEASE

CLARIFICATION ON LOAN CONTRACT SIGNED WITH SYNDICATE OF LEADING BANKS FOR THE

ACQUISITION OF BRENNERCOM S.P.A.

Milan, March 25, 2020 - Retelit S.p.A. (MTA: LIT.MI), following the press release of March 20, 2020 regarding the obtaining by the subsidiary Retelit Digital Services of a loan for the acquisition of Brennercom, as well as the estimates issued by some analysts, it should be noted that the interest rate under the loan agreement is, for the first credit line, at the six-month EURIBOR rate plus 260 basis points and, for the second credit line, at the six-month EURIBOR rate plus 270 basis points.

Retelit Group

Retelit is the Italian leader in constructing tailor-made digital transformation projects, executed on entirely Group-managed platforms. In our 20 years we have been the ideal partner for enterprises, the public sector and operators seeking to tackle head-on the challenges of innovation, thanks to a range which covers the entire value chain of ICT and digitalisation services. The combination of Retelit's proprietary assets (a comprehensive fiber optic network in Italy and across the world and a nationwide Data Center network) and the innovation and digital expertise of PA Group (becoming part of the Retelit Group in 2020) has created a unique player in Italy which can offer integrated digital solutions, from infrastructure to data management and from networks to applications. Retelit has been listed on the Italian Stock Exchange since 2000 and on the STAR segment since September 26, 2016.

Investor Relations	Retelit Communication
Dario Pardi	Letizia Cilente
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CDR Communication	[e-mail]
Vincenza Colucci
Mob. [phone]
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Institutional Media Relations	Media Relations ICT
CDR Communication	Laura Poggi
Angelo Brunello	Tel. [phone]
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[e-mail]	Francesca Negri
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