DeA Capital S p A : Half-Year Report as at 30 June 2021

HALF-YEAR

REPORT

AS AT 30 JUNE 2021

______________________

First half of 2021

Board of Directors

Milan, 9 September 2021

Half-Year Report
as at 30 June 2021	1

	DeA Capital S.p.A.
Corporate information	DeA Capital S.p.A. is subject to the management and
	coordination of De Agostini S.p.A.
	Registered office: Via Brera 21, Milan 20121, Italy
	Share capital: EUR 266,612,100 (fully paid up), comprising
	266,612,100 shares with a nominal value of EUR 1 each
	(including 5,734,546 treasury shares as at 30 June 2021)
	Tax Code and Registration in the Milan Companies Register
	No 07918170015. Member of the "B&D Holding VAT Group",
	VAT No 02611940038, Milan Economic and Administrative
	Index No 1833926
Board of Directors (*)
Chair	Lorenzo Pellicioli
Chief Executive Officer	Paolo Ceretti
Directors	Marco Boroli
	Donatella Busso (2 / 5)
	Nicola Drago
	Carlo Enrico Ferrari Ardicini
	Dario Frigerio
	Francesca Golfetto (3 / 5)
	Davide Mereghetti ( 3 /5)
	Daniela Toscani (1 / 5)
	Elena Vasco ( 1 / 4 / 5)
Board of Statutory
Auditors (*)
Chair	Cesare Andrea Grifoni
Permanent Auditors	Annalisa Raffaella Donesana
	Fabio Facchini
Deputy Auditors	Andrea Augusto Bonafè
	Michele Maranò
	Marco Sguazzini Viscontini
Manager responsible for	Manolo Santilli
preparing the Company's
accounts and Chief
Operating Officer
Independent Auditors	PricewaterhouseCoopers S.p.A.

1. In office until the approval of the Financial Statements at 31 December 2021
   (1) Member of the Control and Risks Committee
   (2) Member and Chair of the Control and Risks Committee
   (3) Member of the Remuneration and Appointments Committee
   (4) Member and Chair of the Remuneration and Appointments Committee
   (5) Independent Director

Half-Year Report
as at 30 June 2021	2

Contents

Interim Management Report

1. Profile of DeA Capital S.p.A.
2. Key Financials
3. Information for shareholders
4. Significant events during the first half of 2021
5. Results of the DeA Capital Group
6. Other information

Summary Consolidated Half-Year Report for the period 1 January to 30 June 2021

Statement of responsibilities for the Summary Consolidated Half-Year Report to 30 June 2021

Half-Year Report
as at 30 June 2021	3

Interim Management Report

Half-Year Report
as at 30 June 2021	4

1. Profile of DeA Capital S.p.A.

DeA Capital S.p.A., with the companies make up the Group, is the leading independent platform for Alternative Asset Management in Italy, with combined AUM of more than EUR 25,600 million and a wide range of products and services for institutional investors.

The platform - concentrated on the two subsidiaries, DeA Capital Real Estate SGR and DeA Capital Alternative Funds SGR, as well as on the indirect majority shareholding in Quaestio Capital SGR - is engaged in the promotion, management and development of real estate, creditand private equityinvestment funds, as well as multi-asset/multi-managerinvestment solutions.

To support the platform's activities, DeA Capital S.p.A. has built up, over time, a portfolio of alternative investments, mainly consisting of funds managed by the platform's asset management companies.

The ability, on the one hand, to execute investment initiatives of high structural complexity and, on the other, to raise funds through asset management companies, demonstrates the validity of a business capable of creating value in a way that is unique in Italy in alternative investments.

Wide range of products, with diversified risk profiles

Full alignment of	Extensive knowledge
Of the Italian market
interests amongst
with consolidated
Stakeholders
relationships

Compliance, Risk Management & ESG Policy in line with the best practices

Solid and resilient statement of financial position

Half-Year Report
as at 30 June 2021	5