OLINDA - FONDO SHOPS PRELIOS SGR BOARD RESOLVED UPON FURTHER UNIT REIMBURSEMENT FOR EURO 5.0 MLN

Milan, 1 July 2015 – Following the previous communications to the market, Prelios SGR informs that the Board of Directors of Prelios SGR resolved – relating to Olinda - Fondo Shops, real estate mutual fund winded up on 25 February 2015 – upon a further unit reimbursement for a total value of Euro 5.0 million, equal to Euro 9.57 per unit. Such unit reimbursement is carried out coherently with the first expiration of the guarantees released by contract in favour of the buyers of the residual portfolio of the Fund, in terms already communicated to the market.

It should be reminded that the Fund has been winded up for expiration date through the approval of the Fund final winding up report on 25 February 2015, within the terms envisaged by the fund by-laws.

The amount determined above is in addition to reimbursement of Euro 85.00 and Euro 18.58 per unit made, respectively, on 13 February 2015 and 27 March 2015. The payment of Euro 9.57 per unit will take place by 10 July 2015 through Monte Titoli.