Illimity Bank S p A : Communication of changes in share capital

COMMUNICATION OF CHANGES IN SHARE CAPITAL

Milan, 1° October 2021 - illimity Bank S.p.A. ("illimity") following its press release on 29 July after the resolutions adopted by the Shareholders' Meeting, notifies the new composition of the share capital, in light of the complete execution of the share capital increase, with the exclusion of option rights pursuant to Article 2441, par. 4, second part, of the Italian Civil Code, for a total amount of Euro 57,535,660.00 (including share premium), with the subsequent share capital increase for an amount of Euro 3,749,598.96 and the issue of all the no. 5,753,566 new illimity ordinary shares, entirely issued on 30 September 2021, after the share capital increase was settled in cash by FermION Investment Group Limited, a subsidiary of ION Investment Corporation S.à r.l.

	CURRENT SHARE CAPITAL(*)	PREVIOUS SHARE CAPITAL(*)
	EUR	No.	PAR	EUR	No.	PAR
		SHARES	VALUE		SHARES	VALUE
TOTAL	52,619,881.24	80,740,100	No par	48,870,282.28	74,986,534	No par
of which:			value			value
ORDINARY	51,681,405.45	79,300,100	No par	47,931,804.36	73,546,534	No par
SHARES			value			value
SPECIAL	938,475.79	1,440,000	No par	938,477.92	1,440,000	No par
SHARES			value			value

1. Entirely subscribed and paid share capital. As of today the approved share capital of illimity is equal to Eur 55,686,623.00.

In addition, today the statement set forth under article 2444 of the Italian Civil Code was registered with Companies' Register together with the amended Bylaws that will be made available on illimity' website. For further information in this regard please see the website www.illimity.com Sections "Governance / Governance System" and "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 office illimity
Isabella Falautano, Francesca D'Amico	Sara Balzarotti, Ad Hoc Communication
[e-mail]	Advisors
	[e-mail]

illimity Bank S.p.A.

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 illimity 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 600 employees and ended first half 2021 with assets exceeding 4 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.