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2015-09-30

Italeaf S.p.A.: sold 50% of the JV Opera Power Srl, owner of a PV plant

PRESS RELEASE 30 SEPTEMBER 2015

ITALEAF: sold 50% of the JV Opera Power Srl, owner of a PV plant

* Opera Power owns a utility scale PV plant of around 0,9 MWp
* The transaction price amount to € 327 thousand

Italeaf
, holding company and first Italian company builder active in cleantech and
smart innovation sectors, listed on on NASDAQ OMX First North, has signed an
agreement for the sale of 50% of the shares of Opera Power Srl to TERNI
Research SpA.
The Company operates a photovoltaic plant of 881.36 kWp site in the town of
Narni (Terni). The total value of the sale has been agreed between the
parties to Euro 327 thousand. Payment by TERNI Research will be effective
within three days from the date of signing the agreement.
The transaction will be subject to a resolutive condition of the lack of
consent expressed by the leasing company with which signed agreement relating
to photovoltaic plants, no later than March 31, 2016.
Considering that TERNI Research SpA is controlled by the same main shareholder
of Italeaf, the transaction should be constituted as a related-party
transaction. The counter value of the transaction is supported by a report
estimation prepared by an independent expert.

This press release is also available on the Company website:
www.italeaf.com.

Certified Adviser

Mangold Fondkommission AB is the Certified Adviser of Italeaf on NASDAQ OMX
First North.

For further information please contact:
Filippo Calisti
CFO - Italeaf S.p.A.
E-mail:calisti@italeaf.com

Mangold Fondkommission AB
Tel. +46 (0)8 5030 1550
info@mangold.se

Italeaf SpA

, established in December 2010, is a holding company and a business
accelerator for companies and startups in the areas of innovation and
cleantech. Italeaf operates as a company builder, promoting the creation and
development of industrial startups in the fields of cleantech, smart energy
and technological innovation. Italeaf has headquarters and plants in Italy at
Nera Montoro (Narni), Terni, Milano and Lecce; has international offices in
London and Hong Kong and a research and development centre in the Hong Kong
Science and Technology Park. The company controls TerniEnergia, listed on the
STAR segment of the Italian Stock Exchange and active in the fields of
renewable energy, energy efficiency and waste management, Greenled Industry,
working in the development and production of power LED lamps for industrial
energy efficiency and public lighting, WiSave in the "internet of things"
field, for the development and production of thermostats and smart
technologies for the remote control of electrical and heating items of
buildings managed through a cloud infrastructure, and Skyrobotic, in the
business development and manufacture of civil and commercial drones in mini
and micro classes for the professional market.

PRESS RELEASE
http://hugin.info/162089/R/1955586/712119.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Italeaf S.p.A. via Globenewswire

HUG#1955586

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