Private Placement of euro 150,000,000 3.875 per cent senior unsecured bond due January 2019

IGD – Immobiliare Grande Distribuzione SIIQ S.p.A. ( “IGD” or the “Company”) announces a private placement of senior unsecured notes for an aggregate principal amount of  Euro 150 million.

The notes will be issued with a nominal value of Euro 100,000 in multiples of Euro 1,000 for up to a maximum of Euro 199,000, maturing January 2019, with a fixed coupon of 3.875% per annum. The issue and settlement date for the notes is expected to be 7 May 2014. On or about the issue date, the notes will be listed and admitted to trading on the Irish Stock Exchange.

The net proceeds from the issue of the Notes will be used by the Company to partially refinance existing debt, as well as pursue general corporate purpose, including to finance the investments included in the 2015 pipeline, in line with the 2014-2016 Business Plan.

The placement is addressed solely to qualified investors and the Notes will not be offered or sold in any jurisdiction in which the offer or sale of the securities would be prohibited by law. General selling restrictions and those provided for under the law in the United States, the United Kingdom and the Republic of Italy will be applied

Morgan Stanley will act as the sole underwriter (the “Sole Underwriter”).

“This transaction confirms the strong interest that foreign counterparties have in Italian real estate, in keeping with the trend recorded over the last few months and the transactions in which, moreover, we were involved ” Claudio Albertini, Amministratore Delegato di IGD – Immobiliare Grande Distribuzione Siiq SpA commented, “The bond issue that we announced is in anticipation with respect to our 2014-2016 Business Plan and, among other things, provides us with the means to finance the 2015 pipeline”.

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