Sace Facility Agreement

Venezia Mestre, 24 June 2020 – OVS S.p.A. has entered into a €100 million facility agreement to strengthen its financial structure. Our “Buyer`s Credit Facility” allows you to securely finance your customers who buy capital and quasi-capital and services from Italy. The Liquidity Restoration Act also covers the impact of COVID-19 on existing restructuring agreements, comparisons with creditors, crisis settlement agreements and consumer over-indebtedness plans through the following measures: The Italian Banking Association (“ABI”) and the main Italian business associations have recently completed the 2019 framework agreement initially concluded with regard to SMEs (Accordo per il Credito 2019), to allow other businesses (including large companies) to have been harmed by the COVID-19 outbreak, by the 30th.