| Product type | Closed-end Real Estate Fund |
| Asset management company | FIMFIMIT SGR S.p.A. -Fondi Immobiliari Italiani Società di Gestione del Risparmio S.p.A. |
| Call of commitments | 21 February 2006 |
| Approval of regulations in force | 21 February 2006 |
| Recipients | Retail clients and qualified investors |
| Value per Units | € 100 |
| Duration of the Fund | 8 years as from the call of commitments |
| Grace period | 3 years, subject to request to Bank of Italy, in the interests of investors for the best execution of the operations to dispose of investments and to redeem the Units |
| Minimum amount of subscriptions | 20 Units (€ 2,000 net of commissions to be paid on subscription) |
| Distribution of returns | On half-year basis as from the 2nd year of operations, at no less than 80% of the distributable returns |
| Partial redemption per single unit | The SGR, given the divestments made, may opt to make partial redemption per single unit. |
| Return target | Annual internal return rate of 5% |
| Listing | The Fund has been listed since 11 March 2009 on Borsa Italiana’s Telematic Funds Market (MTF) Segment. |
| Type of real estate investments | The assets of the Fund are invested, in compliance with the legal limits on the concentration and division of risks established by the provisions which are in force from time to time, in real estate assets such as hotels, offices, commerce, logistics and manufacturing spaces, with particular regard to properties to be used for hotel accommodation and leisure. The assets of the Fund can also be invested in development operations, for the creation of real estate value in areas and properties to be redeveloped, restructured, reconverted or restored, to be leased or to be sold on the market with significant added value in terms of realisable capital gains. The investments will be made both in Italy and abroad, preferably in European Union countries. |
| Type of investments in real estate equity | The assets of the Fund may be invested, within the limits established by the applicable legal or regulatory provisions, in equity investments in real estate companies, whether listed or otherwise. |
| Type of financial investments | The resources of the Fund may be invested, also beyond the level connected to cash management needs, in listed and unlisted financial instruments, including parts of Italian and foreign collective investment undertakings (CIUs) which specialise in share-based investments or in units in other real estate funds, bank deposits, receivables and securities representing receivables, and in other assets whose value can be determined at least on a half-year basis. |
| Liquidity | The Fund can hold liquidity for cash management needs |
| Depository Bank | BNP Paribas Securities Services – Milan branch |
| Independent auditors | Reconta Ernst & Young (will be engaged by the SGR following the outcome of the Offer) |
| Specialist | Banca Finnat Euramerica |
