The Fourth Shareholders' Agreement entered into force following the expiry of the Third Shareholders' Agreement

• On 21 November 2019 the Fourth Shareholders’ Agreement entered into force, following the expiry of lock-up commitments defined by the Third Shareholders’ Agreement
• The Fourth Shareholders’ Agreement disciplines how the potential sale of Company’s shares from participants to the agreement should occur and introduces pre-emption rights in favour of 71 shareholders that would like to buy the shares eventually sold by other participants in the agreement
• Today more than 90% of the share capital free from lock-up commitments (7%) is held by employees and managers of Equita
• The Company negotiated with Banca Popolare di Sondrio favourable terms for the employees that would like to finance their investment in Equita Group shares, with the aim to extend and strengthen the partnership and entrepreneurial spirit of Equita

Milan, 2nd December 2019

Equita, the leading Italian independent investment bank, announces that the shareholders’ agreement named “Third Shareholders’ Agreement” – executed on 15 November 2017 and effective since 21 November 2017 – expired on 21 November 2019. On the same date, the shareholders’ agreement named “Fourth Shareholders’ Agreement” entered into force.

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