Illimity Bank S p A : structures a securitisation of performing loans originated by Domorental

ILLIMITY STRUCTURES A SECURITISATION OF PERFORMING LOANS ORIGINATED BY

DOMORENTAL

• The operation provides for an investment by illimity in senior securities for an amount of up to 50 million euro;
• The junior securities will be wholly subscribed by Domorental for an amount of up to 12.5 million euro;
• The overall total of securitisation programmes structured by illimity's Investment Banking Division rises to ca. 1.2 billion euro.

Milan, 23 Mayl 2024 - illimity Bank S.p.A. ("illimity" or the "Bank"), through its Investment Banking Division, has structured an operation involving the securitisation of portfolios of performing loans originated by Domorental S.r.l. ("Domorental"), a company providing capital assets to commercial and industrial customers under operating lease arrangements (the "Operation").

The Operation envisages a ramp-up period of 12 months during which the securitisation vehicle Giunone SPV S.r.l. will disburse a number of tranches of a total-returnrestricted-recourse loan (pursuant to article 7, paragraph 1(a), paragraph 2-octies and paragraph 2-novies of Law no. 130/1999) to finance a series of loan portfolios deriving from operating lease agreements entered into by Domorental with its customers. As part of the securitisation, Domorental has additionally identified a group of dedicated assets pursuant to Decree Law no. 162/2019 converted into Law no. 8/2020 (the "Thousand Extensions" Decree), including the loans deriving from the above-mentioned operating lease agreements, the operating lease agreements themselves and the capital assets.

As part of the Operation, illimity acts as Arranger, Programme Manager and Investor of the Senior Securities, for an amount of up to 50 million euro. The Junior Securities will be wholly subscribed by Domorental, for an amount of up to 12.5 million euro.

Founded in 2017, Domorental provides its corporate and small business customers with innovative solutions for leasing assets forming part of their characteristic activities using a "pay per use" formula. Through the payment of a periodic use fee over the term of the lease agreement, the solutions provided by Domorental allow its customers to pursue an "asset light" or "asset as a service" strategy while at the same time safeguarding working capital by reducing the costs arising from the ownership of assets in fiscal, insurance or operating terms.

With this operation, the total amount of securitisation programmes structured by illimity's Investment Banking Division rises to 1.2 billion euro.

The operation involved 130 Servicing S.p.A., which provided the securitization company named "Giunone SPV S.r.l." and performs the roles of Servicer, Corporate Servicer provider, Portfolio Agent, Calculation Agent, and Representative of the security holders.

Fabiano Lionetti, Head of Investment Banking in illimity, commented: "It is a pleasure to work with Domorental, an innovative company in its sector, which provides significant competitive advantages to its customers. Thanks to the constant financial innovation that characterises our value proposition, we have succeeded in structuring a securitisation operation that will support the company's growth. Backed by the excellent results achieved by the Investment Banking Division in 2023, we will continue working in this direction with the aim of supporting the growth of Italy's entrepreneurial fabric".

illimity Bank S.p.A., Sede Legale Via Soperga 9, 20124 Milano, Italia - www.illimity.com

"The operation carried out in partnership with illimity", stated Claudio Mombelli, CEO of Domorental, "enables us to support a strongly expanding market from a financial standpoint. The value proposition, meaning the use of operating leases as the enabler of asset servitization, is the result of a differentiation strategy that sees us as a qualified interlocutor for companies interested in investing that are also sensitive to these issues. illimity has a good understanding of our business and is in agreement with this approach, further confirming the current relevance of the proposed model. We are proud to have illimity by our side, assisting us and stimulating us to become even more structured as a means of achieving a leadership position in the servitization market through the use of operating leases."

For further information:

Investor Relations illimity

Fabio Pelati: +39.335.7853370 - [e-mail]

Press & Communication illimity
Vittoria La Porta	Ad Hoc Communication Advisors
Elena Massei	Flavia Antongiovanni [phone]
[e-mail]	Simona Di Nicola [phone]
	[e-mail]

Domorental Press Office

Ernesto Vergani [phone] [e-mail]

illimity Bank S.p.A.

illimity is a high-tech banking group founded and headed by Corrado Passera. It was created with the aim of responding to specific market needs by way of an innovative and specialist business model. Specifically, illimity provides credit to high- potential SMEs, integrating the entire value chain of credit management: investment, financing, and servicing, the latter managed through ARECneprix, its own asset management and structuring platform. It also offers digital direct banking services through illimitybank.com. Part of the Group is also illimity SGR, which establishes and manages three Alternative Investment Funds to support institutions and companies, both in the UTP area and in Private Capital. The illimity Group's story began in January 2018 with the launch of the special purpose acquisition company SPAXS S.p.A. This was followed by successful fundraising, with a record €600 million being raised on the market. SPAXS subsequently acquired Banca Interprovinciale S.p.A., resulting in the merger of the two entities to form "illimity Bank S.p.A.", which was listed on the Italian Stock Exchange on 5 March 2019 (ticker "ILTY"). It was first traded on the MTA exchange and has been listed on the STAR segment since September 2020. The banking group, headquartered in Milan, employs 927 people and has assets of

illimity Bank S.p.A., Sede Legale Via Soperga 9, 20124 Milano, Italia - www.illimity.com

approximately €7.6 billion as of 31 March 2024.

Domorental S.r.l.

Domorental, a company headed and founded in 2017 by the CEO Claudio Mombelli, provides servitization and sustainability services through operating lease arrangements that enable any asset, ranging from industrial and technological plant, machinery and equipment to furnishing, to be converted into a service through the payment of a recurring fee whose duration and amount depend on a series of different parameters (performance renting). Operating leases, which are accounted for in the financial statements as operating costs, unlike finance leases which have the nature of debt, are an alternative form of access to credit and enable businesses to achieve working capital efficiency. Domorental is currently carrying out turnkey projects in a perspective of sustainability and digital transformation, mainly for a number of the best-knownmacro-trends: Proptechs, Energy Transition, Circular Economy, Agritechs, Smart Cities, MedTechs, Intelligence Industry and Security software also in iCloud.

illimity Bank S.p.A., Sede Legale Via Soperga 9, 20124 Milano, Italia - www.illimity.com