Conafi Prestito : PRESTITÒ: Appointment of Mr. Gaetano Caputi as Chairman of the Board of Directors; Confirmation of Mr. Nunzio Chiolo as Chief Executive Officer with unchanged powers

Microsoft Word - CS BoD Conafi 11 02 2016_ENG

Turin, February 11, 2016

Notice is hereby given that with effect from today's date, Mr. Giuseppe Vimercati resigned, for compelling personal and professional commitments, from the office of Non-Executive Director of Conafi Prestitò S.p.A.. At the time of resignation Mr. Vimercati held 100,000 Conafi's shares. Mr. Nunzio Chiolo, also on behalf of the Board of Directors and of the Board of Statutory Auditors, would like to thank Mr. Vimercati for his fruitful collaboration standing for over fifteen years, during which he made available to the company his deep professional and human qualities, together with his great experience, thus being an important support to corporate life. As replacement of Mr. Vimercati, today the Board of Directors co-opted in accordance with Article 2386 of the Italian Civil Code, until the next shareholders' meeting, Mr. Gaetano Caputi who also assumed the office of Chairman without any individual management powers. Mr. Gaetano Caputi is a prominent figure of high professionalism and prestige, who has covered absolutely outstanding positions throughout his career at the top of the Italian Ministries of Infrastructure and of Economy and Finance, as well as a collaborator of parliamentary and ministerial committees, as a teacher in training schools among others at the Academy and School of the Tributary Police of the Guardia di Finanza, the Higher School of Economy and Finance, the University of Cassino and the one currently in place as permanent teacher of the National Management School. Mr. Caputi held the function of Secretary-General and subsequently of General Manager of Consob between 2011 and 2015, and is the author of numerous doctrinal commentaries, in-depth monographs and original legal works.

The Board positively evaluated the independence requirements of Mr. Gaetano Caputi under the criteria set by the Self-regulatory Code and the Consolidated Law on Finance, and it should be noted that such an assessment did not require the use of additional or different criteria than those set out in the Code.

Mr. Gaetano Caputi stated not to hold, at the time of the appointment, any shares in the Company.

The appointment of Mr. Caputi as Chairman of the Board of Directors, a prominent figure in the field of institutional and financial relations functional and appropriate to promote the growth and the development of the Company, together with the appointment of the General Manager last December, will allow Mr. Chiolo, after having been confirmed CEO with unchanged powers, to devote himself to the implementation of useful strategies aimed at achieving the growth targets set by the Board.

The Board also resolved to appoint the director Mr. Mauro Pontillo as member of the Control and Risk Committee with functions of committee for related parties and member of the Remuneration and Appointment Committee, as replacement of Mr. Vimercati, who remains a member of the Company's Supervisory Board.

Conafi Prestitò S.p.A., with headquarters in Turin, is a financial broker, registered in the general list of financial brokers in accordance with Article 106 of the Italian Banking Finance Act held at the Bank of Italy and the special list in accordance with Article 107 of the Italian Banking Finance Act. The Company operates in the personal loans sector, specialised in providing loans with repayment through direct salary or pension deductions. Conafi Prestitò is also renowned as an innovator of products and services and noted as one of the few operators which have brought innovation to the consumer credit sector, mainly concentrated on traditional activities. CONAFI PRESTITO' S.p.A. has been listed on the MTA segment of the Italian Stock Exchange since 12 April 2007.

For further information please contact:

CONAFI PRESTITò S.p.A.

Salvatore Chiolo

Investor Relations Manager Tel: [phone]

e-mail: [e-mail] www.conafi.it