Signing of pre-under writing agreement relating to the capital increase with pre-emptive rights

Milan, 22 January 2021 - Further to yesterday’s announcement in relation to the proposal to grant the Board of Directors a mandate to increase the share capital for a maximum amount of Euro 600 million, including any share premium, through the issuance of ordinary shares on an pre-emptive right basis, Autogrill S.p.A. announces that, in the context of the Capital Increase, Credit Suisse, Mediobanca - Banca di Credito Finanziario S.p.A. and Citigroup Global Markets Limited will act as Joint Global Coordinators and Joint Bookrunners, pursuant to a pre-underwriting agreement entered into with Autogrill today, concerning the undertaking (at terms and conditions in line with market practice for similar transactions) by the aforementioned banks to subscribe and release of any new shares not subscribed following the auction of the unexercised pre-emptive rights, up to the maximum amount of the delegated capital increase.

The underwriting agreement relating to the Capital Increase will be entered into, subject to the occurrence of the conditions set forth in the aforementioned pre-underwriting agreement, immediately before the launch of the pre-emptive rights offering, as soon as the Board of Directors will have determined the final terms and conditions of the Capital Increase.

As anticipated in yesterday’s press release, subject to the granting of the mandate for the capital increase by the Extraordinary Shareholders’ Meeting, to the issuance of the necessary authorisations by the competent authorities, and to market conditions, it is currently expected that the capital increase with pre-emptive rights may be completed by the end of the first half of 2021.