Alitalia Shareholders’ Meeting On 14 October 2013 Capital Increase Of Up To A Maximum Of Eur300 Mill

The Alitalia Shareholders' Meeting today unanimously agreed an increase in capital of up to EUR300 million to be offered to the shareholders in proportion to the share of capital owned, as proposed by the Board of Directors. Members will have 30 days, from 16 October, to exercise their option on the new shares.

Shareholders who have taken such option on all the shares they are entitled to, will be granted a further short period of time, to be determined by a special Board of Directors, to bid for any unsubscribed shares.

Subject to the approval of its decision-making bodies, it is expected that Poste Italiane S.p.A. will guarantee the subscription of a total of EUR 75 million capital increase that might remain unexercised, and Intesa Sanpaolo S.p.A. and UniCredit S.p.A. will guarantee the subscription of a maximum of EUR 100 million of any additional unsubscribed shares.

The Board of Alitalia, in view of the possible change in ownership resulting from the implementation of the capital increase, have indicated their intention to submit their irrevocable resignation from office with effect from the date of the meeting to be convened immediately after the capital increase.