----------Test Dividendi 2020

Official EUR/USD exchange rate fixed by the European Central Bank (ECB) on April 17, 2020 1.0860
Italian and US Ex-date April 20, 2020
Italian and US record date April 21, 2020
Relief At-Source process deadline for DTC participants ESP Deadline (for Italian withholding tax only):
April 27, 2020 at 5 p.m. EST;
CA Web Instruction & ESP Deadline (for Dutch disclosure):
April 28, 2020 at 8 p.m. EST
Payment date May 5, 2020

Quick refund – First batch: first deadline for DTC participants to submit the documentation for
reduced withholding tax or exemption

Documentation Deadline and CA Web Instruction & ESP Deadline:
May 26, 2020 at 8 p.m. EST
First quick refund date June 5, 2020

Quick refund – Second batch: second deadline for DTC participants to submit the documentation for
reduced withholding tax or exemption, if not submitted in the First batch

 June 22, 2020 at 8 p.m. EST
Second quick refund date July 2, 2020
Type of reserves distributed 2019 retained earnings
Portion rate subject to Italian withholding (26%) EUR 1.13 / USD 1.22718
Italian withholding rate (26%) EUR 0.2938 / USD 0.31907
Portion rate subject to Dutch withholding (15%) EUR 1.13 / USD 1.22718
Dutch withholding rate (15%) EUR 0.1695 / USD 0.18408
Net rate subject to variation based on the application of tax treaties and local tax regime EUR 0.6667 / USD 0.72404
   
Where to get information  
For shareholders in DTC, please refer to the attached Notice for additional information
For shareholders in DTC - Globe Tax e-mail address italyesp@globetax.com
For shareholders in DTC - Globe Tax phone number +1-212-747-9100
For shareholders in Monte Titoli – Please contact your own depositary bank, stockbroker or other financial intermediary