Investindustrial VII L.P., managed by InvestIndustrial and number of members of the Ferraioli family (buyers) signed a contract to acquire 63.13% stake in La Doria S.p.A. (BIT:LD) from Ferraioli family for approximately €320 million on October 27, 2021. The total price will be paid by the buyers in a single payment at closing. A number of members of the Ferraioli family, currently La Doria's main shareholder, shall reinvest and remain on as minority shareholders. On the closing of the transaction, a mandatory takeover bid for the shares of La Doria will be launched at a price of €16.50 per share. Antonio Ferraioli will continue as Chief Executive Officer of La Doria S.p.A. The agreement stipulates that buyers will acquires (i) 210,062 ordinary La Doria shares, equal to approximately 0.67% of the Issuer's share capital, from Antonio Ferraioli and Andrea Ferraioli and (ii) 100% of the investment held by the sellers in the family holding, (representing a total of 62.462% of La Doria's share capital. A number of sellers such as Antonio and Rosa Ferraioli and in addition Andrea, Giovanna, Iolanda, Raffaella and Teresa Maria Rosaria Ferraioli, have today signed an investment agreement which covers, among others, the reinvestment commitments of the Reinvestors and of the additional investors at the closing of the transaction as part of the corporate structure of the buyer.

On Closing, a new La Doria Board of Directors will take office, in view of the fact that the present board members have resigned - including the independent members in order to facilitate, at the request of the majority shareholders, a liquidity transaction to benefit the market - ahead of the closing, with the exception the Board member Michaela Castelli who has resigned with immediate effect. Antonio Ferraioli will continue to hold the role of managing director. The Closing is subject to obtaining, at the latest within 6 months from today, all of the legal authorizations and approvals necessary, including those authorizations required by the respective anti-trust authorities. The Conditions are expected to be satisfied by January 2022. As of January 11, 2022, The European Commission has approved the transaction.

The new board, which will remain in office until the shareholders' meeting that approves the financial statements for the year ended December 31, 2021, is composed of Cesare Piovene Porto Godi (Chairman), Raffaella Viscardi (independent member), Mara Caverni (independent member), Chiara Palmieri (independent member), Dante Razzano, Salvatore Catapano, Fabrizia Rizzi, Antonio Ferraioli, Enzo Diodato Lamberti, Valentina Salari and Diodato Ferraioli. The new board of directors has appointed are Antonio Ferraioli as Chief Executive Officer, Risk and Sustainability Control Committee, in the persons of Mara Caverni (President), Chiara Palmieri and Valentina Salari, to appoint the Remuneration and Appointments Committee in the persons of Chiara Palmieri (Chairman), Raffaella Viscardi and Valentina Salari, to appoint Tommaso Guerini as a new member of the supervisory body pursuant to Legislative which is therefore composed of Sergio Persico, Elena Maggi and Tommaso Guerini. The Closing taking place by the end of January 2022. Chiomenti Studio Legale acted as legal and Intesa Sanpaolo - IMI Corporate & Investment Banking acted as financial advisor and main financing bank to InvestIndustrial. Vitale&Co. S.P.A. acted as financial advisor, Giliberti Triscornia e Associati Studio Legale as legal advisor and Ernst & Young Ltd. acted as due diligence provider to the shareholders of La Doria S.p.A.