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

COMMUNICATION OF CHANGES IN SHARE CAPITAL

Milan, 8 July 2022 - illimity Bank S.p.A. ("illimity"), following its press release of June 30, discloses the new composition of its share capital following the enrollment with the competent Companies' Register, on 6 July 2022, of the Directors statement pursuant to Article 2343-quater of the Italian Civil Code (together with the new text of the By-laws), and to the subsequent transformation into ordinary shares (with ISIN IT0005359192), completed today, of the no. 2,769,230 non transferable shares which had been issued with temporary non tradable ISIN IT0005499733 for the purposes of the reserved share capital increase approved by the Shareholders' Meeting of last 21 June.

	CURRENT SHARE CAPITAL(*)	PREVIOUS SHARE CAPITAL(*)
	EUR	No.	PAR	EUR	No.	PAR
		SHARES	VALUE		SHARES	VALUE
TOTAL	54,513,905.72	83,645,108	No par	54,513,905.72	83,645,108	No par
of which:	value	value
ORDINARY	53,575,416.60	82,205,108	No par	51,770,630.32	79,435,878	No par
SHARES	value	value
NEW ORDINARY	-	-	No par	1,804,786.28	2,769,230	No par
SHARES(**)	value	value
SPECIAL	938,489.12	1,440,000	No par	938,489.12	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 Euro 56,083,976.14.

1. Temporary non tradable ISIN IT0005499733. Shares non transferable pursuant to Article 2343-quater, par. 4, of the Italian Civil Code, until the date of enrollment with the competent Companies' Register of the Directors statement set forth by the same Article. Turned into ordinary shares (with ISIN IT0005359192) on 8 July 2022.

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.