DoValue S p A : Registration of deed of merger by way of absorption of doValue Greece Holding

Press release

DOVALUE: REGISTRATION OF THE OF DEED OF MERGER BY WAY OF

ABSORPTION OF DOVALUE GREECE HOLDING SINGLE MEMBER SOCIÉTÉ

ANONYME BY DOVALUE GREECE LOANS AND CREDITS CLAIM MANAGEMENT

SOCIÉTÉ ANONYME

Verona, 14 January 2021 - We inform that, following approval by Bank of Greece released on 9 November 2020, the deed of merger by way of absorption of doValue Greece Holding Single Member Société Anonyme ("HoldCo") by doValue Greece Loans and Credits Claim Management Société Anonyme ("doValue Greece", formerly Eurobank FPS Loan and Credit Claim Management Company S.A.) executed on 11 December 2020, has been registered with the competent Greek Companies Register (General Electronic Commercial Registry - G.E.MI.).

It is recalled that HoldCo was a Greek company wholly owned by doValue S.p.A. ("doValue"), incorporated for the acquisition of a stake of 80% in doValue Greece (the "Acquisition"). The abovementioned reverse merger was contemplated in the transaction agreements executed in the context of the Acquisition.

Following the completion of the abovementioned merger, doValue became a direct shareholder of doValue Greece which, as surviving and absorbing entity, succeeded automatically, by operation of law, into all rights and obligations of HoldCo, as a universal successor thereof. The accounting and tax effects start from 1 September 2020.

Following the completion of the abovementioned merger and implementation of agreements entered into with Eurobank S.A., as seller, in the context of the Acquisition, doValue holds a direct stake in doValue Greece of 80%, with the remaining 20% held by Eurobank S.A.

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doValue S.p.A.

doValue, formerly doBank S.p.A., is the leading operator in Southern Europe in credit management and real estate services for banks and investors. Present in Italy, Spain, Portugal, Greece and Cyprus, doValue has some 20 years of industry experience and manages assets of more than €130 billion (gross book value) with over 2,350 employees and an integrated range of services: special servicing of NPLs, UTPs, early arrears and performing positions, real estate servicing, master servicing, data processing and provision and other ancillary services. doValue is listed on the Electronic Stock Market (Mercato Telematico Azionario) operated by Borsa Italiana S.p.A. and, including the acquisition of Altamira Asset Management, recorded gross revenues in 2019 of about €364 million with an EBITDA margin of 39%.

Contact info

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Simona Raffaelli - Emilia Pezzini [e-mail]

Investor Relations - doValue S.p.A. Fabio Ruffini 06 47979154

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