Successfully completed Marazzi Voluntary Public Tender Offer
The Voluntary Public Tender Offer launched by Fintiles S.r.l. on Marazzi ended successfully. Fintiles is a company indirectly controlled by Filippo Marazzi and 49% participated by Permira and Private Equity Partners. The offer was launched on 49.928.242 Marazzi shares, listed on the Italian Stock Market, and representing approximately 48.8% of Company’s share capital. As at July 18, 2008, last day of the Offer Acceptance Period, 47,590,145 Marazzi shares were tendered, corresponding to approx. 95.3% of the shares subject to the Offer and approx. 46.5% of the capital of Marazzi (represented by 102.232.000 of ordinary shares). Considering also the 52.303.758 shares owned by Finceramica before the beginning of the Offer, the Offeror owns a total stake in the Company equal to approx. 99.893.903 (corresponding to approx. 97.7% of the capital of Marazzi), which exceeds the squeeze out threshold. The payment of the Share Price of the Offer will occur on July 25, 2008. Mediobanca Banca di Credito Finanziario S.p.A. acted as Sole Financial Advisor in the transaction.