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Safilo Group S.p.A.: the capital increase for consideration for a total amount of 12,842,735 euro reserved to Hal Holding N.V. (or one of its subsidiaries) has been entirely subscribed and paid

Padua, 5th February 2010 – Multibrands Italy B.V. (a subsidiary of HAL Holding N.V.), on the basis of the investment agreement underwritten on October 19, 2009 by HAL Holding N.V., Safilo Group S.p.A. and its controlling shareholder, Only 3T S.p.A., has today subscribed the capital increase for consideration for a total amount of 12,842,735.40 Euro (including the share premium), and therefore within the limit of 10% of the pre-existing share capital, reserved to HAL Holding N.V. (or to one of its subsidiaries), with the exclusion of the option right pursuant to article 2441, par 4, second part of the Italian Civil Code, approved by the extraordinary shareholders’ meeting of Safilo Group S.p.A. held on December 15, 2009. Safilo Group S.p.A. issued no. 28,539,412 ordinary shares to Multibrands Italy B.V. at a subscription price of 0.45 Euro per share, of which 0.25 Euro of nominal value and 0.20 Euro of share premium. The newly issued shares will have the same characteristics of the outstanding shares and bear the option rights in connection with the subsequent rights issue, for which Consob issued, on February 2, 2010, the nulla osta to the publication of the Prospectus, as communicated to the market the same day. The offer period will start on February 8, 2010.

The above mentioned reserved capital increase is part of the overall recapitalization transaction aimed at strengthening the capital and financial structure of Safilo Group S.p.A. and Safilo Group, to be carried out through, inter alia: (i) the increase of HAL Holding N.V.’s stake (which may, at HAL’s discretion, be carried out also through one of its subsidiaries) in the share capital of Safilo Group S.p.A.; and (ii) the restructuring of the existing financial indebtedness of Safilo Group, itself underwritten today and subject of a separate press release to the market.

Last update: 05/02/2010, 13:16

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