Illimity Bank S p A : Communication of Changes in Share Capital

COMMUNICATION OF CHANGES IN SHARE CAPITAL

Milan, 16 June 2022 - illimity Bank S.p.A. ("illimity") following its press release on 15 June 2022, informs of the new composition of its share capital following the today registration with the Companies' Register of the resolution of the Board of Directors of 15 June 2022 that approved the partial exercise of the delegated share capital increase pursuant to article 2443 of the Italian Civil Code and of article 5, paragraphs 3 and 4, of the Bylaws, granted by the Shareholders' Meeting of 18 January 2019 in connection with the Employee Stock Ownership Plan (ESOP) and MBO Plan, with a share capital increase of Eur 88.486,52 and issuance of no. 135.778 new ordinary shares for the purpose of such share capital increase.

	CURRENT SHARE CAPITAL(*)	PREVIOUS SHARE CAPITAL(*)
	EUR	No.	PAR	EUR	No.	PAR
		SHARES	VALUE		SHARES	VALUE
TOTAL	52,708,367.76	80,875,878	No par	52,619,881.24	80,740,100	No par
of which:			value			value
ORDINARY	51,769,892.02	79,435,878	No par	51,681,405.45	79,300,100	No par
SHARES			value			value
SPECIAL	938,477.92	1,440,000	No par	938,477.92	1,440,000	No par
SHARES			value			value

(*) Entirely subscribed and paid share capital. As of today the approved share capital of illimity is equal to Eur 54,278,438.18.

The Board of Directors' minutes of the resolution of 15 June 2022 that approved the abovementioned partial exercise of the delegated share capital increases and the new Bylaws are available on illimity' website.

For further information in this regard please see the website www.illimity.comSection "Investor Relations / Press Releases".

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For further information:

Investor Relations

Silvia Benzi: +39.349.7846537 - +44.7741.464948 - [e-mail]

Press & Communication illimity Vittoria La Porta, Francesca D'Amico [e-mail]

illimity Bank S.p.A.

Sara Balzarotti, Ad Hoc Communication Advisors [e-mail]

illimity is the high-tech banking group founded and headed by Corrado Passera that was created with the aim of responding to specific market needs by way of an innovative and specialist business model. More specifically, illimity extends financing to high-potential SMEs, purchases distressed corporate loans and services these through its platform neprix, and provides digital direct banking services through illimitybank.com. illimity SGR, which sets up and manages alternative investment funds, the first of which dedicated to UTP loans, is also a member of the Group. The story of the illimity Group began in January 2018 with the launch of the special purpose acquisition company SPAXS S.p.A., which ended with a record 600 million euro being raised on the market. SPAXS subsequently acquired Banca Interprovinciale S.p.A., with the resulting merger between the two giving rise to "illimity Bank S.p.A." which has been listed on the Italian Stock Exchange since 5 March 2019 (ticker "ILTY"), first on the MTA exchange

and since September 2020 on the Star Segment. The banking group, headquartered in Milan, can already count on over 760 employees and closed the financial statements as at 31 March 2022 with assets of around 4.9 billion euro.

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This press release is not for publication or distribution, directly or indirectly, in the United States of America, Australia, Canada, South Africa and Japan. This press release is not an offer to sell financial instruments in the United States of America, Australia, Canada and Japan. The financial instruments referred to in this press release have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and cannot be offered or sold in the United States of America, except in compliance with applicable exemption. No public offer of financial instruments is being made, or is intended to be made, in the United States of America and/or in other jurisdictions.