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2010 Capital increase

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Safilo Group S.p.A. extraordinary shareholders’ meeting, held December 15th 2009, approved the proposals for:

(A) A capital increase for consideration reserved to HAL Holding N.V. for a total amount of 12,842,735.40 Euro (inclusive of share premium), pursuant to article 2441, par. 4, second part of the Italian Civil Code, and within the limit of 10% of the pre-existing share capital, through the issue of 28,539,412 ordinary shares, at a subscription price of 0.45 Euro per share, of which 0.25 Euro is the nominal value and 0.20 is the share premium. The newly issued shares will have the same characteristics of the outstanding shares, including option rights. The reserved capital increase must be carried out by 31st December 2010;

(B) A rights issue for consideration for a total amount up to a maximum of 250,041,754 Euro (inclusive of share premium), in one or more tranches, pursuant to article 2441, par. 1 of the Italian Civil Code, through the issue of 822,505,770 ordinary shares by means of a rights issue, at a subscription price per share of 0.304 Euro, of which 0.25 Euro is the nominal value and 0.054 is the share premium. The newly issued shares will have the same characteristics of the outstanding shares. The rights issue must be carried out by 31st December 2010.

HAL Holding N.V committed to subscribe the Reserved Capital Increase to the full amount of EUR 12,842,735.40 (inclusive of share premium) and to subscribe up to a maximum of 64.88% of all the option rights deriving from the rights issue, up to a maximum amount of EUR 162.2 million or n. 533,625,412 total shares.

In addition, Banca IMI S.p.A. and Bayerische Hypo- und Vereinsbank AG (Milan branch), as underwriting banks, committed, severally and not jointly, to underwrite the option rights pertaining to shareholders who do not intend to exercise them, subject to the execution by HAL Holding N.V. of the above mentioned commitments of subscription up to a maximum of n. 533,625,412 total shares or an amount of EUR 162.2 million - and up to a maximum of n. 288,880,358 shares or an amount of EUR 87.8 million.

The execution of the Reserved Capital Increase and the Rights Issue, subject to the relevant authorizations, is envisaged to take place in the first quarter of 2010.



Last updated: November 30, 2018

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