ASTALDI: 2019 ORDER BACKLOG EXCEEDING EUR 6.5 BILLION

CONFIRMED THE DATES FOR CALLING THE BONDHOLDERS’ MEETINGS

Rome, 04 February 2020 – Astaldi S.p.A (“Astaldi” or the “Company”) informs that today the Company’s Board of Directors meeting has noted the first management reviews of the plan’s trend and has confirmed the substantial alignment over the time span of the plan of economic, financial and commercial projections with the plan underlying the composition proposal submitted to the Court. In particular, the order backlog at 31 December 2019, exceeding EUR 6.5 billion, is in line with the estimates contained in the composition plan, having benefitted over the course of 2019 from acquisitions for a value exceeding EUR 900 million.

The same Board of Directors meeting also noted some communications received on behalf of certain associations representing the underwriters of bonds issued by Astaldi.

Specifically, these communications contest some procedure-related aspects pertaining to the calling of the bondholders’ meetings and the effects of the composition procedure.

In this regard, the Company specifies that the composition procedure is being carried out in compliance with applicable regulations, also as regards the bondholders’ involvement, and with the regulations governing the Company’s two bond issues.

The Company also specifies that the offer to the unsecured creditors contained in the composition proposal consists of attributing shares and equity financial instruments, and does not contemplate minimum percentages of settlement of the claim, for which a valuation has been indicated in the attestation, by way of example, for the sole purpose of giving its creditors a parameter for reference.

Lastly, with the goal of guaranteeing the utmost transparency of the process for attending the aforementioned meetings, the Company is assessing the appropriate legal actions to undertake against those who disseminate incorrect information that may be used to unfairly influence the valuation of the vote of the bondholders and, more generally, of all creditors, in addition to the actual power of representation declared by certain parties.

The Company reiterates its conviction that, although competing composition proposals may still be presented pursuant to bankruptcy regulations, the approval of the composition procedure represents the best solution currently available in the interest of creditors, in addition to allow the conservation of an important Italian business reality.

ASTALDI GROUP is one of the main Contractors worldwide in the field of complex and strategic infrastructure projects. Active for 95 years at an international level, the Group develops initiatives within the fields of design, construction and management of public infrastructures and large civil engineering works, mainly in the areas of Transportation Infrastructures, Energy Production Plants and Civil and Industrial Buildings, Facility Management, Plant Design and Engineering and Complex Systems Management. Listed on the Milan Stock Exchange since 2002, Astaldi is based in Italy and operates mainly in Europe (Poland, Romania) and Turkey, Africa (Algeria), North America (Canada and the United States) and Latin America. On 28 September 2018, the Company filed an application with the Court of Rome for admission to the composition with creditors procedure pursuant to Article 186-bis, Royal Decree no. 267 of 16 March 1942, as amended and supplemented; this application was accepted on 5 August 2019 and the procedure is still pending.

ASTALDI
Tel. +39 06.41766360
Alessandra Onorati / Anna Forciniti
External Relations and Investor Relations
investor.relations@astaldi.com
www.astaldi.com

Italian Media: IMAGE BUILDING
Tel. +39 02.89011300
Giuliana Paoletti / Alfredo Mele
astaldi@imagebuilding.it

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