IGD – Immobiliare Grande Distribuzione SIIQ S.p.A. (“IGD” or the “Company”), leading owner and manager of retail shopping centers in Italy and listed on the STAR segment of the Italian Stock Exchange, has signed a loan agreement for a total of €30 million with Intesa SanPaolo S.p.A which goes into effect immediately.

The agreement is for a 5 year collateralized mortgage line of credit indexed to the three month Euribor with a spread of 310 bps loan. The facility provides for draw downs typical of similar financing transactions.

”In a context where many businesses continue to have problems accessing credit, IGD confirms its high standing with the Italian banking system and with this transaction further reinforces the medium/long term portion of its debt which already at 31/12/2011 reached 78.6%.” Claudio Albertini, IGD – Immobiliare Grande Distribuzione SIIQ S.p.A.’s Chief Executive Officer stated. “This line of credit will be used to finance more than 60% of the investments foreseen for 2012”