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

Pievesestina di Cesena, November 30, 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 relating 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 as of October 31, 2020 is negative by Euro 188 thousand and has remained substantially unchanged compared to September 30, 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 December 28, 2017, allowed for 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 27 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 creditors of the Company in the 2017-2021 period.

Below is a detail of the financial changes in the last reporting period:

	PFN	10.31.2020	09.30.2020	Variat.
	Liquid assets	86	55	31
	Current financial debt	187.714	187.401	313
	Net current financial debt	187.628	187.346	282
	Non-current financial debt	-	-	-
	Net financial debt	187.628	187.346	282

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

As of October 31, 2020, the following overdue debt positions are broken down by nature:

Debt positions by	10.31.2020	09.30.2020	Variat.
nature
Financial	135.000	135.000
Commercial	2.563.502	2.550.055	13.447
Tax	801.261	801.398	- 137
Social security	120.352	118.009	2.343
Towards Employees	233.441	233.270	171
Towards Directors	388.225	369.892	18.333

Trade payables include the following liabilities:

• Euro 386 thousand towards di Poste Italiane S.p.A.
• Euro 349 thousand towards di Consip/Finworld
• Euro 228 thousand towards di Consip S.p.A.
• Euro 162 thousand towards di Audirevi S.p.A.
• Euro 150 thousand towards di Titi Dott. Fabio
• Euro 135 thousand towards di Kreston RS S.r.l.
• Euro 128 thousand towards di Dismano District S.r.l.
• Euro 92 thousand towards di Kaufmann & Partners, S.L.U.
• Euro 86 thousand towards di Microsoft Ireland Op. Lim.
• Euro 84 thousand towards di Tiscini Prof. Riccardo
• Euro 78 thousand towards di Studio Serafini S.r.l.
• Euro 66 thousand towards di Succi Dott.ssa Tecla
• Euro 52 thousand towards di Baker & Mckenzie
• Euro 36 thousand towards di Bondi Dott. Stefano
• Euro 34 thousand towards Studio Notaio Porfiri
• Euro 30 thousand towards di Maina Consulting Srls
• Euro 29 thousand towards di Gim Legal S.r.l.
• Euro 28 thousand towards di Computershare S.p.A.
• Euro 28 thousand towards di Turci Dott. Samuele
• Euro 27 thousand towards di Coveri Dott. Alberto
• Euro 21 thousand towards di Padovano Avv. Raffaele
• Euro 21 thousand towards di BT Italia S.p.A.
• Euro 20 thousand towards di Pullano Dott. Domenico
• Euro 19 thousand towards di Milanesi Dott.ssa Stefania

• Euro 19 thousand towards Marcobi Gualtiero
• Euro 18 thousand towards di Studio Legale Stufano Gigantino
• Euro 16 thousand towards di Consip S.p.A
• Euro 15 thousand towards di Studio Associato Venturi
• Euro 12 thousand towards di Interoute S.p.A.
• Euro 10 thousand towards di Redifin S.p.A.
• Euro 8 thousand towards di Masini Dott. Andrea
• Euro 8 thousand towards di Lanfluid Sistemi S.r.l.
• Euro 7 thousand towards di Studio dei Notai Ruben Israel
• Euro 7 thousand towards di Sorgenia S.p.A.
• Euro 6 thousand towards di Spafid Connect S.p.A.
• Euro 6 thousand towards di Rolli Avv. Marta
• Euro 6 thousand towards di Rolli Avv. Rita
• Euro 5 thousand towards di Bizplace Holding Srl
• Euro 5 thousand towards di Cura Gas & Power S.p.A.
• Euro 5 thousand towards di PC Engines GMBH
• Euro 5 thousand towards di TFA Service Srl
• Euro 4 thousand towards di I.B.S. Vigilanza S.r.l.
• Euro 4 thousand towards di Ingram Micro S.r.l.
• Euro 4 thousand towards di Montonati Silvio
• Euro 4 thousand towards di Monte Titoli S.p.A.
• Euro 3 thousand towards di Zinca S.r.l.
• Euro 3 thousand towards di WIND TRE S.p.A.
• Euro 3 thousand towards di Antonelli Dott.ssa Cristina
• Euro 3 thousand towards di BIT Market Services S.p.A.
• Euro 3 thousand towards di LAMED S.r.l.
• Euro 3 thousand towards di Studio Notarile Associato Maltoni - Scozzoli
• Euro 3 thousand towards di Berqui S.r.l.
• Euro 3 thousand towards di Nicora Alberto S.r.l.
• Euro 3 thousand towards di Studio Paci & C. S.r.l.
• Euro 3 thousand towards di Esprinet S.p.A.
• Euro 3 thousand towards di Visibilia Concessionaria S.r.l.
• Euro 3 thousand towards di Valida GMBH
• Euro 1 thousand towards di De Simone Maurizio
• Euro 1 thousand towards di Il Solco Srl
• Euro 1 thousand towards di S.I.C. S.r.l.

The residual amount of Euro 62 thousand is attributable 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 Restructuring 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 remaining ones to redefine and reschedule the debt, but for some positions the new payment terms, already expired on October 31, 2020, were not respected due to lack of liquidity.

With regard to the aforementioned trade payables due on October 31, 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. to whose lawyers on June 26, 2019, they sent the Company a request for payment and an invitation to contact in order to jointly define the solution of the dispute. It should be noted 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 issue 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 18 September 2020 the company was notified of a writ of precept in renewal for a total of Euro 32,307.00 plus interest which was followed on November 27, 2020, the notification of the attachment deed with third parties pursuant to art. 543 c.p.c .;
• on January 31, 2020 received the notification relating to the issuance of a provisionally enforceable injunction with slavish precept 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) which was followed on November 19, 2020, by the notification of the injunction being renewed;
• on February 4, 2020, the company received 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, it 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 an 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);