News Column

Mandatory conversion of savings shares into ordinary shares of italcementi S.p.A

May 27, 2014

ENP Newswire - 27 May 2014

Release date- 23052014 - Italcementi informs that, in execution of the aforementioned resolutions of the Special savings shareholders' meeting and the Extraordinary general shareholders' meeting, the Mandatory Conversion of all of the no. 105,431,378 savings shares of Italcementi into no. 68,530,396 ordinary shares of Italcementi with the same features as the outstanding ordinary shares on the effective date of the Mandatory Conversion, including the economic rights as of financial year 2014,will be carried out on 2 June 2014, after the coupon stripping of ordinary shares' dividend and savings shares' dividend on the same date.

The last day of trading of the savings shares on the Mercato Telematico Azionario, organised and managed by Borsa Italiana S.p.A., will be on 30 May 2014. From 2 June 2014 only the ordinary shares of Italcementi will be negotiated on the Mercato Telematico Azionario, organized and managed by Borsa Italiana S.p.A., and the share capital of Euro 282,548,942 will be represented by no. 245,647,960 ordinary shares without indication of face value.

The conversion of the registered shares on the accounts of the respective holders on the last day of the accounting date on 4 June 2014 (i.e. record date of the Mandatory Conversion) will be carried out by the respective intermediaries on the basis of the following ratio: 0.65 ordinary share each savings share. Non dematerialised savings shares may be converted exclusively on delivery to an authorised intermediary for their introduction into the centralised management system as dematerialised securities.

The intermediaries keeping the accounts in name of each holder of savings shares will assign to each holder the number of ordinary shares resulting from the aforesaid conversion ratio, where necessary with a rounding down to the ordinary share number immediately below.

The fractions of ordinary shares not assigned after the rounding down shall be monetised upon mandate by the Company on the basis of the value resulting from the average of the official prices recorded on the stock exchange for ordinary shares on 2, 3 and 4 June 2014. The aforesaid amount will be paid to the intermediaries, upon mandate by the Company, directly by Monte Titoli S.p.A.

Italcementi will act, to a reasonable extent, in order to safeguard the possibility for the holders of only one savings share to be converted, upon their express request to their intermediary, to purchase the necessary fraction to round up to the immediately following share number unit versus paying a countervalue of the fraction of the missing ordinary share (0.35), in order for them to preserve their shareholder status.

All other shareholders may request, versus payment of the relevant countervalue, the rounding up within the limit of available fractions. In any case, the rounding up and down shall not lead to any changes to the Company's capital, which will remain unvaried.

Media Contact:

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Investor Contact:

Tel: (39) 035.396.750/866

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Source: ENP Newswire