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

Pievesestina di Cesena, January 31, 2021

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 on December 31, 2020, was negative by Euro 188 thousand and remained substantially unchanged compared to November 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, 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 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.

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

PFN12.31.2020 11.30.2020 Variat.

Liquid assets	49	70	(21)
Current financial debt	188.363	188.034	329
Net current financial debt	188.314	187.964	350
Non-current financial debt	-	-	-
Net financial debt	188.314	187.964	350

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 December 31, 2020, the following overdue payables are broken down by nature:

Debt positions by nature	12.31.2020	11.30.2020	Variat.
Financial	135.000	135.000
Commercial	2.725.810	2.585.484	140.326
Tax	823.860	801.859	22.001
Social security	127.666	120.635	7.031
Towards Employees	240.618	235.147	5.471
Towards Directors	424.868	406.558	18.310

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 150 thousand towards Titi Dott. Fabio
• Euro 135 thousand towards Kreston RS S.r.l.
• Euro 103 thousand towards Baker & Mckenzie
• Euro 92 thousand towards Kaufmann & Partners, S.L.U.
• Euro 89 thousand towards Dismano District S.r.l.
• Euro 84 thousand towards Tiscini Prof. Riccardo
• Euro 82 thousand towards Microsoft Ireland Op. Lim.
• Euro 78 thousand towards Studio Serafini S.r.l.
• Euro 66 thousand towards Succi Dott.ssa Tecla
• Euro 43 thousand towards Padovano Avv. Raffaele
• Euro 40 thousand towards Studio Notaio Porfiri
• Euro 36 thousand towards Bondi Dott. Stefano
• Euro 35 thousand towards Gim Legal STA S.r.l.
• Euro 30 thousand towards Maina Consulting Srls
• Euro 29 thousand towards CFO Centre Italy 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 23 thousand towards Banca Finnat Euramerica S.p.A.
• 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 Anconelli Avv. Paolo
• Euro 16 thousand towards Consip S.p.A
• Euro 15 thousand towards Studio Associato Venturi
• Euro 12 thousand towards Interoute S.p.A.
• Euro 12 thousand towards Rolli Avv. Marta
• Euro 12 thousand towards Rolli Avv. Rita
• Euro 11 thousand towards Lanfluid Sistemi S.r.l.
• Euro 11 thousand towards Masini Dott. Andrea
• Euro 10 thousand towards Redifin S.p.A.
• Euro 10 thousand towards Anconelli Avv. Giordano
• Euro 9 thousand towards Spafid Connect S.p.A.
• Euro 7 thousand towards Studio dei Notai Ruben Israel
• Euro 7 thousand towards Cura Gas & Power S.p.A.
• Euro 7 thousand towards Sorgenia S.p.A.
• Euro 6 thousand towards Studio Notarile Associato Maltoni - Scozzoli
• Euro 6 thousand towards Berqui S.r.l.
• Euro 5 thousand towards Bizplace Holding Srl
• Euro 5 thousand towards PC Engines GMBH
• Euro 5 thousand towards I.B.S. Vigilanza S.r.l.
• Euro 5 thousand towards TFA Service Srl
• Euro 4 thousand towards Zinca S.r.l.
• Euro 4 thousand towards Ingram Micro S.r.l.
• Euro 4 thousand towards ABC Solutions S.r.l.
• Euro 4 thousand towards Montonati Silvio
• Euro 4 thousand towards Monte Titoli S.p.A.
• 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 LAMED S.r.l.
• Euro 3 thousand towards Toscano Avv. Vincenzo
• 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 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

The residual amount of Euro 70 thousand 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) Royal Decree 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 December 31, 2020, were not respected due to lack of liquidity.

With regard to the aforementioned trade payables due as of December 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. 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 noted:

• on November 19, 2019, the Company received the notification relating to the issuance of an injunction by the Office of the Justice of the Peace of Lecce following a specific appeal filed by the lawyers of the creditor 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-coronovirus" epidemic, the foreclosure requested was not carried out, therefore on 18 September 18, 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, the company received notification relating to the issue of a provisionally enforceable injunction with slavish precept by the Forlì Justice of the Peace 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, it 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, it received notification relating to the issue 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, followed on December 9, 2020, by the notification of a further precept for a total of Euro 11,489.38;
• 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