Illimity Bank S p A : SGR becomes a signatory of the PRI promoted by the United Nations

ILLIMITY SGR BECOMES A SIGNATORY OF THE PRINCIPLES FOR RESPONSIBLE

INVESTMENT (PRI) PROMOTED BY THE UNITED NATIONS

Milan, 13 March 2023 - illimity SGR, the illimity Group's asset management company (illimity SGR), specialised in setting up and managing alternative investment funds ("AIFs"), has committed to apply and promote the Principles for Responsible Investment ("PRI" or "Principles") promoted by the United Nations, as further confirmation of its pledge to include sustainability into every aspect of its activity.

The PRI is the leading supporter of responsible investment at an international level, it encourages and promotes the adoption of the Principles and collaboration between institutional investors as an integral part of long-term value creation strategies, fostering good governance, integrity and responsibility in investment. The PRI has been providing an authoritative framework of reference for incorporating ESG (Environmental, Social, Governance) issues into investment processes and policies since 2006.

By becoming a signatory to the PRI, illimity SGR will be able to consolidate active dialogue with the institutions and its sector peers on the effects of sustainable finance, with the additional aim of transferring the benefits of this approach to the Italian economic and entrepreneurial fabric to which the SGR's investment activity is addressed.

illimity SGR's adherence and its commitment to apply and promote the PRI is part of a wider strategy of the illimity Group, which from the start has given considerable emphasis to ESG issues. In this respect the Group has incorporated sustainability not only into its processes, but also into the strategic objectives of its business plan. Consideration of environmental and social factors and those of good governance in investment processes is fundamental for improving performance and reducing the risk profile of managed portfolios, and can also augment the resilience of the real economy and the stability of the financial system.

The signatory and implementation of the PRI for illimity SGR is achieved through a commitment, consistently with the regulatory framework of the AIFs it manages, to incorporate ESG issues into the analyses of the investments, decision-making processes and management policies and practices, requiring appropriate information on these issues to be provided by the entities in which it invests and fostering the Principles within the sector.

Fabio Pelati, Head of IR & Sustainability in illimity, commented: "By becoming a signatory to the PRI supported by the United Nations we are not only looking at the present but also towards the future of investment. An increasingly sustainable future, and we, through our activity, want to play an active part in the change. We are working committedly in this direction through the two funds already structured and managed by the SGR - iCCT and iREC - together with those that will be launched during the year".

"We are delighted to welcome illimity SGR as a signatory to the PRI", stated David Atkin, CEO of PRI. The investment management sector has a crucial role to play in fostering ESG and sustainability questions at a global level. The swift rise of ESG indicates a fundamental change in the way that investors see their role and the impact of their activity on society and the planet. We are pleased to be able to work with illimity SGR's team to continue to promote change on these important issues".

illimity Società di Gestione del Risparmio S.p.A., Sede Legale Via Soperga 9, 20124 Milano, Italia - www.illimitysgr.com

For further information:

Investor Relations & Sustainability illimity

Fabio Pelati: [phone] - [e-mail]

Press & Communication illimity
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illimity SGR S.p.A.

illimity SGR, a member of the illimity Group, sets up and manages alternative investment funds specialising in corporate loans. In the spring of 2021 it created its first fund, the "illimity Credit & Corporate Turnaround" fund ("iCCT"), dedicated to investments in UTP loans to SMEs with revival and relaunch prospects operating in highly diversified sectors. This fund allows lending banks to benefit from a professional management of their loans without necessarily having to sell them, thereby enabling them to yield their maximum value following a company's industrial and financial turnaround. In September 2022 illimity SGR created its second fund, "illimity Real Estate Credit" ("iREC"), dedicated to investments in distressed credits - mainly UTPs - secured by real estate assets under the form of both mortgages and lease agreements. At 31 December 2022 illimity SGR managed assets totalling ca. 330 million euro.

illimity Società di Gestione del Risparmio S.p.A., Sede Legale Via Soperga 9, 20124 Milano, Italia - www.illimitysgr.com