Salini Impregilo S p A : Progetto Italia – Shareholders at Extraordinary Meeting approve conferment of a proxy to Board of Directors to increase share capital and changes to Bylaws

SHAREHOLDERS AT EXTRAORDINARY MEETING APPROVE:

• conferment of a proxy to Board of Directors to increase share capital pursuant art. 2441 of Italian Civil Code
• changes to Bylaws

MILAN, October 4, 2019 - Salini Impregilo S.p.A. ('Salini Impregilo' or 'the Company') informs that shareholders attending the extraordinary meeting held today approved the following proposals presented by the Board of Directors:

• Grant the Board of Directors a proxy, pursuant to art. 2443 of the Italian Civil Code, to increase the share capital, indivisibly and through payment, for a total amount of €600 million, to be offered under subscription, excluding the option right pursuant to art. 2441, paragraph 5 of the Italian Civil Code, exclusively to Salini Costruttori S.p.A and qualified investors;
• Changes to the Bylaws, related to and a result of the abovementioned, and subsequent instances to reflect the agreements between Salini Costruttori S.p.A, Salini Impregilo and CDP Equity S.p.A, with regard to the corporate governance of the Company, save for a change to art. 1, which will be submitted for approval at a subsequent meeting following the final decision on branding, which is currently being determined.

The approvals are part of a wider investment project by Salini Impregilo in the national sector of public works and construction known as 'Progetto Italia' ('Project Italy'), which in turn belongs to a broader industrial plan by the Company.

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For more information, the minutes of the meeting will be made public in the manner and timing required by law.

A brief summary of the outcome of the vote and the updated Bylaws with the abovementioned changes will be made public in the manner and timing required by law.

Progetto Italia

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