REGISTERED OFFICE AND GENERAL MANAGEMENT: Via Sile, 18 - 20139 Milan

SHARE CAPITAL of € 357.953.058,13 iv

ELECTRONIC INVOICING Recipient

CODE OV8RR6H FISCAL CODE, VAT NUMBER AND REGISTER NUMBER OF THE CHAMBER OF COMMERCE OF MILAN-MONZA-BRIANZA-LODI n. 06707270960.

REGISTERED IN THE REGISTER OF FINANCIAL INTERMEDIARIES pursuant to art. 106 TUB at no. 32

What is leasing

Leasing is a contract in which one party (grantor) grants another (user) - for a fixed period of time and a periodic fee - the enjoyment of an asset purchased by the grantor on the indication and choice of the user with faculty , for the latter, to acquire ownership of the asset upon expiry of the contract against the payment of a pre-established price.

• The Leasing Company (Grantor) physically purchases the asset (Asset), leases it and pays the Supplier by retaining ownership during the contract and until the final sale
• The Supplier sells the asset chosen by the User to the Leasing Company
• The person who uses the asset (User) pays the fees

Who can access the lease

Leasing is a form of lean and flexible financing, intended for the purchase of productive assets, vehicles and buildings instrumental to business activity, aimed at a heterogeneous clientele represented by:

• Professionals
• Artisans
• Small and Medium Enterprises (Capital Companies and Society of Persons)
• Big business
• Public administration

In the yachting sector, financial leasing in recent years has also turned to private customers.

The advantages of leasing

• It is an extremely flexible service that adapts to the different needs of the customer (multiple combinations are possible between the duration of the contract, the frequency and amount of the fees, the surrender value of the asset, etc.)
• It presents rapid preliminary investigation
• It allows the financing of the entire cost of the asset and the splitting of VAT along the entire contractual duration
• In leasing it is the user himself who chooses the good and the supplier of the good itself
• It allows you to take advantage of any discounts on the price of the good thanks to agreements and agreements of the leasing company with suppliers
• Leasing allows, at the end and under the conditions established in the contract, to acquire ownership of the asset
• It allows the construction of payment plans related to the expected "revenues"
• Leasing does not provide for the issue of mortgage guarantees
• It allows the immediate use of the asset without heavy initial outlay
• Maintains the availability of additional lines of credit
• It gives access to incentives and public contributions provided by facilitating laws
• Deductibility of lease payments and VAT deductibility (with the rules and within the established limits)