Exprivia S.p.A., a company listed on the MTA market of Borsa Italiana [XPR.MI], announces that with regard to its subsidiary Italtel Spa, the Court of Milan has declared open the procedure of composition with creditors according to the plan proposed by Italtel pursuant to and for the effects of articles 160 and 186-bis of the bankruptcy law, considering that the composition proposal presented by Italtel may be suitable for guaranteeing the restructuring of debts and the satisfaction of creditors.

At the same time, the Court set the date for calling creditors before the presiding judge and the terms for the other duties.