OLIDATA : Press release pursuant to art. 114, comma 5, of the d. lgs. n. 58/98

Pievesestina di Cesena, October 31, 2020

Press Release

Press release prepared pursuant to art. 114, paragraph 5, of d. lgs. n. 58/98

Following a specific request by CONSOB made to Olidata S.p.A. (hereinafter also "the Company"), by letter dated April 22, 2010, pursuant to art. 114, paragraph 5, of Legislative Decree no. 58/98 and relative to the monthly publication of relevant information on the economic, equity, and financial situation of the Company, the following is specified.

1. Net financial position of the Company highlighting the short-term components separately from the medium-long term ones.

The Company's net financial position at September 30, 2020, is negative by Euro 187 thousand and has remained substantially unchanged compared to August 31, 2020.

The Company announced on December 29, 2017, that, following the achievement of the full adhesion of the corporate creditors to the Restructuring Plan pursuant to art. 67, C.3, letter D) R.D. n. 267/1942, has completed the sale of the property located in Cesena (FC) Via Fossalta, 3055, to the Cesena industrial group Camac.

The financial resources deriving from the deed of divestment of the property, which took place on 28 December 2017, allowed the completion of out-of-court agreements with all creditors included in the Procedure pursuant to Article 67 C.3, letter D) Royal Decree no. 267/1942 (the "Maneuver"), approved on December 27, 2017, by the then Sole Liquidator Mr. Riccardo Tassi and certified by Dr. Maurizio Dorigo at the Porfiri Notary's Office in Cesena on December 28, 2017.

The objective of the Maneuver is to satisfy, within the envisaged measures, all the Company's creditors over the period 2017-2021.

The details of the financial changes in the last reference period are shown below:

PFN	09.30.2020	08.31.2020	Variat.
Liquid assets	55	55	-
Current financial debt	187.401	187.017	384
Net current financial debt	187.346	186.962	384
Non-current financial debt	-	-	-
Net financial debt	187.346	186.962	384

2. Overdue debt positions broken down by nature (financial, commercial, tax, social security, and towards employees) and any related action by the group's creditors (reminders, injunctions, suspension of supply, etc..).

As of September 30, 2020, the following overdue payables are broken down by nature:

Debt positions by nature	09.30.2020	08.31.2020	Variat.
Financial	135.000	135.000
Commercial	2.550.055	2.521.993	28.062
Tax	801.398	783.678	17.720
Social security	118.009	112.069	5.940
Towards Employees	233.270	231.631	1.639
Towards Directors	369.892	351.558	18.334

Trade payables include the following liabilities:

• • Euro 386 thousand towards Poste Italiane S.p.A.

• • Euro 349 thousand towards Consip/Finworld

• • Euro 228 thousand towards Consip S.p.A.

• • Euro 162 thousand towards Audirevi S.p.A.

• • Euro 141 thousand towards Titi Dott. Fabio

• • Euro 135 thousand towards Kreston RS S.r.l.

• • Euro 124 thousand towards Dismano District S.r.l.

• • Euro 92 thousand towards Kaufmann & Partners, S.L.U.

• • Euro 86 thousand towards Microsoft Ireland Op. Lim.

• • Euro 84 thousand towards Tiscini Prof. Riccardo

• • Euro 78 thousand towards Studio Serafini S.r.l.

• • Euro 66 thousand towards Succi Dott.ssa Tecla

• • Euro 52 thousand towards Baker & Mckenzie

• • Euro 36 thousand towards Bondi Dott. Stefano

• • Euro 34 thousand towards Studio Notaio Porfiri

• • Euro 30 thousand towards Maina Consulting Srls

• • Euro 29 thousand towards Gim Legal S.r.l.

• • Euro 28 thousand towards Computershare S.p.A.

• • Euro 28 thousand towards Turci Dott. Samuele

• • Euro 27 thousand towards Coveri Dott. Alberto

• • Euro 21 thousand towards Padovano Avv. Raffaele

• • Euro 21 thousand towards BT Italia S.p.A.

• • Euro 20 thousand towards Pullano Dott. Domenico

• • Euro 19 thousand towards Milanesi Dott.ssa Stefania

• • Euro 19 thousand towards Marcobi Gualtiero

• • Euro 18 thousand towards Studio Legale Stufano Gigantino

• • Euro 16 thousand towards Consip S.p.A

• • Euro 13 thousand towards Studio Associato Venturi

• • Euro 12 thousand towards Interoute S.p.A.

• • Euro 10 thousand towards Redifin S.p.A.

• • Euro 8 thousand towards Masini Dott. Andrea

• • Euro 8 thousand towards Lanfluid Sistemi S.r.l.

• • Euro 7 thousand towards Studio dei Notai Ruben Israel

• • Euro 7 thousand towards Sorgenia S.p.A.

• • Euro 6 thousand towards Spafid Connect S.p.A.

• • Euro 6 thousand towards Rolli Avv. Marta

• • Euro 6 thousand towards Rolli Avv. Rita

• • Euro 5 thousand towards PC Engines GMBH

• • Euro 5 thousand towards Bizplace Holding Srl

• • Euro 5 thousand towards TFA Service Srl

• • Euro 5 thousand towards Cura Gas & Power S.p.A.

• • Euro 4 thousand towards Ingram Micro S.r.l.

• • Euro 4 thousand towards Montonati Silvio

• • Euro 4 thousand towards I.B.S. Vigilanza S.r.l.

• • Euro 4 thousand towards Monte Titoli S.p.A.

• • Euro 3 thousand towards Zinca S.r.l.

• • Euro 3 thousand towards WIND TRE S.p.A.

• • Euro 3 thousand towards Antonelli Dott.ssa Cristina

• • Euro 3 thousand towards BIT Market Services S.p.A.

• • Euro 3 thousand towards Nicora Alberto S.r.l.

• • Euro 3 thousand towards Studio Paci & C. S.r.l.

• • Euro 3 thousand towards Esprinet S.p.A.

• • Euro 3 thousand towards LAMED S.r.l.

• • Euro 3 thousand towards Studio Notarile Associato Maltoni - Scozzoli

• • Euro 3 thousand towards Berqui S.r.l.

• • Euro 3 thousand towards Visibilia Concessionaria S.r.l.

• • Euro 3 thousand towards Valida GMBH

• • Euro 1 thousand towards De Simone Maurizio

• • Euro 1 thousand towards Il Solco Srl

• • Euro 1 thousand towards S.I.C. S.r.l.

The residual amount of Euro 63.000 refers to various payables, each of an insignificant amount.

As reported above, the Company has finalized out-of-court agreements with all creditors included in a Recovery Plan pursuant to Article 67 C.3, letter D) R.D. no. 267/1942, certified on December 28, 2017 but, at present, the payment terms with most of the creditors in the above list have not been met.

It should also be noted that the Company has reached further agreements with the creditors themselves and with the rest to redefine and reschedule the debt, but for some positions the new payment terms, already expired on September 30, 2020, were not respected due to lack of liquidity.

With regard to the aforementioned commercial debt positions expired on September 30, 2020, the Company has received reminders and payment orders from various creditors against whom contacts and negotiations are underway for the purpose of a new rescheduling of the debt.

In particular, the Company represents the ongoing discussions with the creditor Poste Italiane S.p.A. whose lawyers on June 26, 2019, sent the Company a request for payment and an invitation to make contacts in order to jointly define the resolution of the dispute. It should be remembered that the credit originally amounted to Euro 4,385 thousand (before the write-off agreement included in the Restructuring Plan pursuant to Article 67 C.3, letter D) R.D. 267/1942).

The following Judicial Acts are also reported:

- on November 19, 2019, the Company received notification relating to the issuance of an injunction by the Lecce Justice of the Peace Office following a specific appeal presented by the creditor's lawyers, De Simone Maurizio, relating to the payment of a sum equal to Euro 3,418.80 (plus legal fees and interest) of which the Company has already paid, as agreed with the creditor, the sum of Euro 2,279.20;

- on January 16, 2020, received notification relating to the issue of a provisionally enforceable injunction with slavish precept by the Court of Forlì following a specific appeal presented by the creditor's lawyer Studio Serafini Srl, relating to the payment of a sum equal to Euro 30.000.00 (plus legal fees and interest quantified in Euro 2.307.00); due to the "covid 19-coronavirus" epidemic, the foreclosure requested was not carried out, therefore on September 18, 2020, the company was notified of a writ of precept in renewal for a total of Euro 32.307.00 plus interest;

- on January 31, 2020, received notification relating to the issue of a provisionally enforceable injunction by the Justice of the Peace of Forlì following a specific appeal presented by the creditor's lawyer Il Solco Scarl, relating to the payment of a sum equal to Euro 825.00 (plus legal fees and interest quantified in Euro 1.146.89);

- on February 4, 2020, received the notification relating to the issuance of an injunction by the Justice of the Peace of Monza following a specific appeal presented by the creditor's lawyer Esprinet SpA, relating to the payment of a sum equal to Euro 2.737.42 (plus legal fees and interest quantified in Euro 1.191.44); subsequently, on June 23, 2020, an injunction was served for a total of Euro 4.652.31 plus interest;

- on May 21, 2020, received notification relating to the issuance of an injunction by the ordinary Court of Milan following a specific appeal presented by the creditor's lawyer Studio of notaries Ruben Israel and Elena Terrenghi, relating to the payment of an equal sum to Euro 7.213.94 (plus legal fees and interest); the aforementioned decree, in the absence of opposition within the terms, was declared enforceable by decree of the Court of Milan of August 28, 2020, and published on September 3, 2020, therefore, on September 8, 2020, the company was notified of a writ of precept for a total of Euro 11.329.34;

- on July 09, 2020, it received notification relating to the issue of a provisionally enforceable injunction and contextual notification of a writ of order by the Court of Milan following a specific appeal presented by the creditor's lawyer Computershare SpA, relating to the payment of a sum equal to Euro 18.345.53 (plus legal fees and interest quantified in Euro 2.865.79);

- on July 14, 2020, the company received the notification relating to the issuance of an injunction by the Court of Rome following a specific appeal presented by the Attorney General of the State in the interest of Consip S.p.A. against Olidata S.p.A. as principal debtor and Finworld S.p.A. in bankruptcy as jointly and severally debtor, relating to the payment of a sum equal to Euro 349.252.07 (plus interest quantified in Euro 3.534.15 and legal costs) as compensation for the failure to fulfill the obligations deriving from the Agreement for the supply of Desktop Personal Computers with reduced environmental impact and related services for Public Administrations ed. 13 - lot no. 2;

- on September 18, 2020, it received the notification relating to the issuance of a provisionally enforceable injunction by the Forlì Justice of the Peace and simultaneous notification of the injunction following a specific appeal presented by the creditor's lawyer S.I.C. S.r.l., relating to the payment of a sum equal to Euro 976.00 (plus legal fees and interest quantified in Euro 581.96).