Equita S p A : assisted Cy4Gate during its listing on the AIM Italia market of Borsa Italiana

PRESS RELEASE

EQUITA ASSISTED CY4GATE DURING ITS LISTING ON THE AIM ITALIA MARKET OF BORSA ITALIANA

• - CY4GATE RAISED EURO 21.1 MILLION IN TOTAL, OF WHICH EURO 15.8 MILLION TO FINANCE THE GROWTH PLAN OF

  THE COMPANY

• - STRONG INTEREST FROM INSTITUTIONAL INVESTORS, WITH SIGNIFICANT GEOGRAPHIC DIVERSIFICATION

  (70% DOMESTIC AND 30% FOREIGN INVESTORS)

• - EQUITA ACTED AS NOMINATED ADVISOR AND GLOBAL COORDINATOR. EQUITA WILL ALSO ASSIST CY4GATE AS

  SPECIALIST ON THE SECONDARY MARKET

Milan, June 23, 2020

Equita, the leading independent investment bank in Italy, announces that it assisted Cy4Gate S.p.A. ("Cy4Gate") during its successful listing process. Cy4Gate will debut next June 24, 2020, on the AIM Italia Market of Borsa Italiana S.p.A.

No. 6,706,469 ordinary shares were allotted to institutional investors, of which no. 5,000,000 newly issued. The offering was fully subscribed by 65 institutional investors - 70% Italian and 30% foreign - and the share price was set at Euro 3.15, leading the total market capitalisation of Cy4Gate to approximately Euro 47.3 million.

Cy4Gate was established in 2014 as joint venture between Elettronica - leader for more than 60 years in the field of electronic counter-measures - and Expert System - leader in artificial intelligence applied to text with more than 20 years of experience in natural language understanding - to satisfy the increasing demand of cyber intelligence and cyber security services. Today Cy4Gate projects, develops and creates technologies and products, systems and services, aimed at satisfying the most compelling and modern requirements of cyber intelligence and cyber security.

Equita led the listing process of Cy4Gate acting as Nominated Advisor and Global Coordinator. Equita will also assist the company as Specialist on the secondary market.

Andrea Vismara, Chief Executive Officer at Equita, commented:"This was the first time we managed an IPO process entirely from remote and let me say that Cy4Gate - given its technological DNA - was the ideal candidate. The final book highlights a significant component of foreign institutional investors - around 30% of the total offering - and this has not happened for a long time on the AIM Italia market".

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Equita Group	FinElk
Investor Relations - Andrea Graziotto	Teresa Wincrantz
[e-mail]	[e-mail]	[e-mail]

Close to Media Adriana Liguori

Equita is the leading Italian independent investment bank, reference partner of Italian companies and institutional investors. Thanks to its 45 years of experience, Equita can offer a clear and focused business model: Global Markets, with its Sales & Trading and Proprietary Trading business lines, offers brokerage on equities, bonds, derivatives and ETFs for domestic and international institutional customers, market making, specialist and liquidity provider services. To such activities, Equita offers a high profile Investment Banking platform, dedicated to advisory to companies and financial institutions. The Alternative Asset Management division, which provides traditional portfolio management along with innovative private debt and private equity portfolio management, such as the special acquisition vehicle (SPAC), completes the range of special and synergic services offered. Then, all business lines are continuously supported by a Research team recognized for its excellence. Independent advice and deep knowledge of capital markets grant Equita credibility among domestic and international institutional investors, ensuring a unique positioning in the Italian market, with a focus on mid & small caps.

EQUITA GROUP S.P.A.| VIA TURATI, 9 - 20121 MILAN | TEL. [phone] | [e-mail] | WWW.EQUITA.EU

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