Immobiliare Grande Distribuzione SIIQ S.p.A. (“IGD” or the “Company”) today announces the settlement of the exchange offer, disclosed to the market on 8 April, 2015 (the “Exchange Offer”), addressed to the holders of the outstanding “€144,900,000 4.335 per cent. Notes due 7 May 2017” (ISIN: XS0927738418) and “€150,000,000 3.875 per cent. Notes due 7 January 2019” (ISIN: XS1059383064) issued by the Company (the “Existing Notes”) having as consideration senior unsecured fixed rate notes “€162,000,000 2.65 per cent. Notes due 21 April 2022” (the “New Notes”). The Exchange Offer is addressed only to the holders of the Existing Notes resident in Italy or abroad, in the absence of any specific authorization under applicable legal and regulatory provisions or by way of exemption from such provisions (excluding the United States, pursuant to Regulation S of the US Securities Act of 1933 as amended) (the “Noteholders”).

IGD has issued, as part of the Exchange Offer, New Notes, in the denominations of €100,000 and integral multiples of €1,000 in excess there of, up to and including €199,000, for an overall principal amount equal to €162,000,000.

Moreover, the Company has paid to all Noteholders whose Existing Notes have been accepted for exchange pursuant to the Exchange Offer, a cash consideration payment and an Accrued Interest Payment, equal to the interest accrued on such Existing Notes and unpaid from (and including) the immediately preceding interest payment date up to (but excluding) the current date, for an overall principal amount equal to €15,454,849.00.

The New Notes have been admitted today to trading on the regulated market of the Irish Stock Exchange with the following ISIN XS1221097394.

BNP Paribas, Citigroup Global Markets Limited e Morgan Stanley & Co. International plc acted as Dealer Managers for the Exchange Offer.

Lucid Issuer Services Limited acted as Exchange Agent.