Banca IFIS and Credito Fondiario: extension of exclusivity commitment

Further to the press release of 2 August 2019 concerning the non-binding term sheet between Banca Ifis S.p.A. and Credito Fondiario Group S.p.A. regarding a potential partnership, the parties have agreed to extend the exclusivity commitment to 31 October 2019 in order to further assess the terms and conditions of the possible transaction.