July 8, 2016 - 7:20 AM EDT
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Italeaf: TerniEnergia and Susi Fund signed agreement for the sale of credits for € 1.2 million

PRESS RELEASE 8 JULY 2016Italeaf:  TerniEnergia and Susi  Energy Efficiency Fund  signed an agreement for
the sale of credits for euro 1.2 million
  * Through the transaction the two companies intend to develop new
    opportunities opening of the capital market to the energy efficiency of
    industrial scale

TerniEnergia,  smart energy  company active  in the  fields of renewable energy,
energy  efficiency, waste and  energy management, listed  on the Star segment of
the  Italian  Stock  Exchange  and  part  of Italeaf Group, and a securitization
company  controlled by Susi  Partners AG, managing  authority of the SUSI Energy
Efficiency  Fund have signed today an agreement for the sale without recourse of
loans  of  approximately  Euro  1.2 million,  paid  in cash, related to lighting
energy efficiency assets installed by TerniEnergia.
In  particular, TerniEnergia operates as ESCOs (Energy Service Company) directly
and  through the  platform "Hub",  a new  strategic alliance formula between all
players in the energy industry to open up the sector to the capital market. Susi
Partners  AG is  an "investment  advisor" with  experience in the development of
sustainable   energy  infrastructure.  Always  engaged  in  supporting  European
investment  for the energy transition, even  long-term, Susi Partners AG is also
active in the field of energy efficiency systems in Italy.
The agreement signed today provides for the sale, without recourse formula, of a
TerniEnergia's loan portfolio arising from private contracts. These credits will
be  sold to a SPV,  regulated under Italian law,  related to Susi Partners AG as
part  of a securitization of receivables ex L.130 / 99. The nominal value of the
receivables  involved in  the transaction  is approximately  equal to  Euro 1.2
The  transaction will  allow TerniEnergia  to support  the growth  of the energy
saving  activity, through the proposal to  private companies and public entities
with  high added value services for the design, implementation and management of
interventions  to  reduce  energy  consumption,  in  lighting  areas  (even with
proprietary technologies), heat, electricity supply and the plant consumption.
The  credit portfolio  sale agreement  is conditional  on the  occurrence, by 3
September 2016, of a number of conditions including the finalization and signing
of  all documents relating to  the transaction by the  previous Banks lenders of
the ESCo projects.
Mr. Stefano Neri, CEO of TerniEnergia stated:
"This  is a strategic agreement for TerniEnergia, through the replication of the
structure  of this sale and securitization to future contracts deriving from the
"Hub",  it gives concrete and proof possibility to solve the main problem in the
development  of  energy  efficiency,  the  difficulty  of  access to the capital
market.  Thanks to the Hub, TerniEnergia  represent itself as subject aggregator
of  the player involved  in the construction  of energy efficiency intervention,
through  a proper project  risk management system  and business plan assessment,
assuming  the  responsibility.  What  we  look  for are not final customers, but
energy service providers, from which we receive and which we remunerate services
and  technologies  to  facilitate  the  convergence  with  the  capital  market,
aggregating and making critical mass".
Mr.  Stefano Fissolo, Vice President of  Susi Partners AG for Energy Efficiency,
"The  energy efficiency fund promoted by SUSY plays the role of so-called "third
lender"  in the contracts signed between ESCOs  and end customers. The deal just
signed,  our third in Italy, demonstrates how  the SUSI team is able to evaluate
sizes  and types of project normally rejected by investment funds, with the idea
to  create a platform  to catalyze new  projects and then  new investments. SUSI
Energy  Efficiency intends to  continue to invest  in the Italian  market for at
least the next eighteen months".
TerniEnergia  recalls, finally,  that it  is ended  a three-day roadshow for the
presentation  of  the  HUB  to  the  industrial communities of the sector energy
efficiency  of the  center-north Italy.  After the  presentation of Milan, which
took  place in February, the  company organized a series  of events dedicated to
the  ideal  partners  of  this  platform  (ESCOs, engineering firms, installers,
manufacturers  of technologies),  which reached  the cities  of Rome,  Turin and
Padua with three events dedicated to the creation of a network designed to solve
the difficulties of access to finance for energy saving interventions.

Heussen  Law and Tax Firm, with a team led by Partner Luca Alberto Pagnotta, has
assisted  the  parties  in  the  transaction  definition  and negotiation of the
contractual documentation.

This  press release is also available  on the Companies website: www.italeaf.com
and www.ternienergia.com and www.saceccav.it

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: [email protected]

Mangold Fondkommission AB
Tel. +46 (0)8 5030 1550
[email protected]

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,  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, Numanova, operating in  the field of innovative metallurgy
and additive manufacturing and Italeaf RE, a real estate company.


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Source: Italeaf S.p.A. via GlobeNewswire


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Source: Equities.com News (July 8, 2016 - 7:20 AM EDT)

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