

When the operation is complete, the total investment of A1R will be € 37.5 million, representing a 23.8% interest in ICQ. € 12 million of the operation has already been subscribed, while a second tranche worth € 5 million may be subscribed by 30 October 2011. (subsidiary owned by Paolo Trento, founder of Mandarina Duck Plastimoda), and a pool of private investors.

To subscribe this capital increase in ICQ, A1R has opened up its capital to the Macquarie Group, Matsa Group S.r.l. (“A1R”, subsidiary of Ambienta I, a private equity fund managed by Ambienta SGR) for a total of € 17 million.

Rome, 22 March 2010 – ICQ Holding S.p.A., a developer of projects in renewable energy and energy savings, has announced that it has approved a paid capital increase reserved to shareholder Ambienta I Rinnovabili S.r.l. The increase involves the subscription of € 17 million in new shares deliberates a capital increase reserved to Ambienta I Rinnovabili S.r.l.
