Capital Increase: subscription rights Capital Increase subscribed in full

Campodarsego (Padua), 5 June 2017 – Carraro S.p.A. (the "Company") hereby announces that the offer of a maximum of 33,726,630 newly issued ordinary shares (or B shares, at the discretion of the subscriber), with nominal value of 0.52 Euros each (the “Shares Offered”), carried out in execution of the capital increase in tranches and against payment, approved by the extraordinary Shareholders' Meeting of the Issuer on 27 June 2016, for the total maximum amount of 54,000,000.00 Euros, has been concluded.

In particular, during the subscription rights period (8 May 2017 - 26 May 2017, the "Subscription Rights Period") 43,225,974 subscription rights were exercised to subscribe 33,620,202 Shares Offered, equal to 99.684% of the total Shares Offered, for a total value of 53,657,842.32 Euros, broken down as follows:

  • 30,345,966 ordinary shares, having the same characteristics as those in circulation, normal dividend;

  • 3,274,236 category B shares, without voting rights and not listed, normal dividend, which were fully subscribed by the shareholder Julia Dora Koranyi Arduini.

Pursuant to art. 2441, third paragraph, of the Italian Civil Code, the company offered on the stock exchange ("Stock Exchange Offer") 136,836 subscription rights not exercised in the Subscription Rights Period (the "Unsubscribed Rights"). All Unsubscribed Rights were entirely sold during the first trading day of the Stock Exchange Offer, on 31 May 2017.

At the end of the Stock Exchange Offer, 106,428 ordinary shares were subscribed, relating to 136,836 Unsubscribed Rights, for a total value of 169,859.09 Euros.

Therefore, at the end of the above, the subscription rights capital increase is fully subscribed for a total value (including share premium) of 53,827,701.48 Euros. In accordance with the provisions of art. 2444 of the Italian Civil Code, certification of full subscription of the capital increase, with an indication of the new share capital, will be filed with the Register of Companies of Padua within the legal deadlines.

This release is available on the Carraro website at www.carraro.it.

Il presente documento e le informazioni ivi contenute non includono o costituiscono un'offerta di vendita di strumenti finanziari, o una sollecitazione di un'offerta ad acquistare o sottoscrivere strumenti finanziari negli Stati Uniti, in Australia, Canada o Giappone nonché in qualsiasi altro Paese in cui tale offerta o sollecitazione sarebbe soggetta all'autorizzazione da parte di autorità locali o comunque vietata ai sensi di legge (gli "Altri Paesi"). Qualsiasi offerta al pubblico sarà condotta in Italia sulla base di un prospetto informativo autorizzato dalla Commissione Nazionale per le Società e la Borsa ("Consob"), in conformità alle applicabili disposizioni normative. Il presente documento, parte di esso o la sua distribuzione non possono costituire la base di, né può essere fatto affidamento sullo stesso rispetto a, un eventuale accordo o decisione di investimento. Gli strumenti finanziari non sono stati e non saranno registrati negli Stati Uniti ai sensi dello United States Securities Act of 1933 (come successivamente modificato) (il "Securities Act"), o ai sensi delle leggi vigenti negli Altri Paesi. Gli strumenti finanziari non possono essere offerti o venduti negli Stati Uniti, salvo che gli stessi siano registrati ai sensi del Securities Act o in presenza di un'esenzione dalla registrazione ai sensi del Securities Act. Carraro S.p.A. non intende registrare alcuna parte dell'Offerta negli Stati Uniti.

This communication and the information contained herein does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase or subscribe securities, in the United States, Australia, Canada or Japan or any other jurisdiction where such an offer or solicitation would require the approval of local authorities or otherwise be unlawful (the "Other Countries"). Any public offering will be conducted in Italy pursuant to a prospectus, duly authorized by the Commissione Nazionale per le Società e la Borsa ("Consob") in accordance with applicable regulations. Neither this document nor any part of it nor the fact of its distribution may form the basis of, or be relied on in connection with, any contract or investment decision in relation thereto. The securities referred to herein have not been registered and will not be registered in the United States under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or pursuant to the corresponding regulations in force in the Other Countries. The securities may not be offered or sold in the United States unless such securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. Carraro S.p.A. does not intend to register any portion of any offering in the United States.