On the date hereof, the Board of Directors of Astaldi S.p. A unanimously resolved to approve and submit to the meeting of the relevant noteholders certain amendments to the terms and conditions of the notes (the "Terms and Conditions of the Notes") denominated "EUR 75,000,000.00 Super-senior Secured PIYC Floating Rate Notes due 12 February 2022", having the status of super-senior (pre-deducibile) pursuant to Article 111 of the of Royal Decree 267 of 16 March 1942 as amended from time to time, secured and non-convertible (the "Notes"). The Board of Directors further resolved upon the granting of a first-ranking mortgage on two properties of the Company (the "Mortgage") in favour of the holders of the Notes in order to anticipate the release in favour of the Issuer of an amount equal to Euro 11,250,000.00 from a bank account in the name of the Issuer subject to a pledge in favour of the holders of the Notes (the "Deposit"). The Board of Directors resolved to approve the amendments to the Terms and Conditions of the Notes and grant the Mortgage following the authorisation of the Court of Rome to grant such Mortgage in accordance with the terms set out below. Following the resolution of the Board of Directors of Astaldi, the Meeting of Noteholders was held as a 100% quorate meeting (assemblea in forma totalitaria) and unanimously approved the proposal of amendment of the Terms and Conditions of the Notes adopted on the date hereof by the same Board of Directors. The main amendments to the Terms and Conditions of the Notes concern: with reference to certain Algerian claims which the Company undertook to assign as collateral upon satisfaction of certain conditions, the provision of more stringent information covenants in favour of the holders of the Notes and, upon the occurrence certain conditions, the obligation to enter into a final assignment of receivables as collateral agreement of such claims; and terms and conditions to allow the release of the Deposit, alternative to those originally agreed and, in particular, the granting of the Mortgage for a maximum amount guaranteed up to EUR 18,000,000.00 and the associated release mechanism of the Mortgage upon occurrence of the conditions originally agreed.