The Board of Directors of Salini Impregilo reviewed a re-financing operation of existing corporate long-term debt for an overall amount of approximately €1 billion to strengthen further the Group's financial structure and significantly reduce the cost of debt, as well as extend the average duration, taking 80% of maturities beyond 2020. The Board of Directors authorized the Chairman and the CEO to finalize the operation, which includes:

• Issuing unsecured, euro-denominated senior bonds with a fixed rate and a 7-year maturity for an approximate total amount of €400 million. Conditions, as usual, will be set near the issuing date.
• Two senior unsecured term loan financing lines totaling €380 million with a 2022 maturity date, and a revolving credit facility of €200 million at the same maturity.