Common use of Placing and Underwriting Clause in Contracts

Placing and Underwriting. Name(s) and address(es), to the extent known to the Issuer, of the placers in the various countries where the offer takes place: None Name and address of the co-ordinator(s) of the global offer and of single parts of the offer: Name and address of any paying agents and depository agents in each country (in addition to the Principal Security Agent): Not applicable. BNP Paribas Securities Services, Xxxxx Xxxxxx Xxx Xxxxxxxx 0, 00000, Xxxxxx, Xxxxx. Entities agreeing to underwrite the issue on a firm commitment basis, and entities agreeing to place the issue without a firm commitment or under "best efforts" arrangements: The Issuer reserves the right to appoint intermediaries to act as distributors during the Distribution Period according to the applicable law. Such appointment will be notified to the public by means of a notice published on the website xxxxx://xxxxx- xxxxxxxxxxxxx.xxxxxxxxxx.xxx/xx/Xxxxxx/Xxxxx Docs.aspx (the Distributors). The Distributors will receive from the Issuer placement fees equal to a maximum amount of 2% of the amount of Securities placed through the same. All placement fees will be paid out upfront by the Issuer. No underwriting commitment will be undertaken by the Distributor(s). BNP Paribas Arbitrage Issuance B.V. will act as Responsabile del Collocamento (as defined under article 93-bis of the Legislative Decree of 24 February 1998, n. 58) in relation to any placement activities carried out by the Distibutors (if any) but will not act itself as Distributor and, accordingly, will not place any Securities to the public in Italy. The Dealer is BNP Paribas Arbitrage S.N.C. In particular, in the context of the collection of buy orders on behalf of their clients and the direct or indirect transmission of buy orders on behalf of their clients or on their own account for the purpose of transmitting all such orders to the SeDeX, the intermediaries involved in the distribution of the Securities; other than the Distributors (if any), will perform the investment services of the collection and transmission of orders or of the mere execution of orders, as defined by Italian Legislative Decree No. 58/1998 as amended. When the underwriting agreement has been or will be reached: Not applicable.

Placing and Underwriting. Name(s) and address(es), to the extent known to the Issuer, of the placers in the various countries where the offer takes place: None Name and address of the co-ordinator(s) of the global offer and of single parts of the offer: Not applicable. Name and address of any paying agents and depository agents in each country (in addition to the Principal Security Agent): Not applicable. BNP Paribas Securities Services, Xxxxx Xxxxxx Xxx Xxxxxxxx 0, 00000, Xxxxxx, Xxxxx. Entities agreeing to underwrite the issue on a firm commitment basis, and entities agreeing to place the issue without a firm commitment or under "best efforts" arrangements: The Issuer reserves the right to appoint intermediaries to act as distributors during the Distribution Period according to the applicable law. Such appointment will be notified to the public by means of a notice published on the website xxxxx://xxxxx- xxxxxxxxxxxxx.xxxxxxxxxx.xxx/xx/Xxxxxx/Xxxxx Docs.aspx (the Distributors). The Distributors will receive from the Issuer placement fees equal to a maximum amount of 2% of the amount of Securities placed through the same. All placement fees will be paid out upfront by the Issuer. No underwriting commitment will be undertaken by the Distributor(s). BNP Paribas Arbitrage Issuance B.V. will act as Responsabile del Collocamento (as defined under article 93-bis of the Legislative Decree of 24 February 1998, n. 58) in relation to any placement activities carried out by the Distibutors (if any) but will not act itself as Distributor and, accordingly, will not place any Securities to the public in Italy. The Dealer is BNP Paribas Arbitrage S.N.C. In particular, in the context of the collection of buy orders on behalf of their clients and the direct or indirect transmission of buy orders on behalf of their clients or on their own account for the purpose of transmitting all such orders to the SeDeX, the intermediaries involved in the distribution of the Securities; other than the Distributors (if any), will perform the investment services of the collection and transmission of orders or of the mere execution of orders, as defined by Italian Legislative Decree No. 58/1998 as amended. When the underwriting agreement has been or will be reached: Not applicable.