Commentary & Deal Flow

Price talk: 4.75% area (+/-12.5bp)
IPTs: 6NC2: 5-5.25%

• Issuer: Lottomatica Group S.p.A.
• Ticker: LTMCIM
• Business: Italian national gaming champion with leadership position in its market segments of operations
• Use of Proceeds: Fully redeem the company’s EUR400m Senior Secured Floating Rate Notes due 01-June-2031 (callable 01-June-2025 at 100), general corporate purposes, which may include the announced share buyback or potential future bolt-on acquisitions, and to pay transaction fees and expenses
• Instrument: Senior Secured Fixed Rate Notes
• Size: €765m
• Tenor: 6-years
• Call Protection: NC2 / 50% / 25% / Par. MWC B+50bp; Equity claw: 2y 40%; Special call: 10% per year the 1st 3 years at 103.
• CoC: at 101
• Existing Instrument Ratings: Ba2/BB (Moody's/S&P)
• Format: 144A/Reg S for life
• Listing: Luxembourg Stock Exchange (Euro MTF Market)
• Governing Law: New York
• RSP & Red OM: www.netroadshow.com/nrs/home/#!/?show=1b757c3c OR Visit www.netroadshow.com and enter the requested entry code: Lotto26 (not case-sensitive)
• Global Investor Call: Tuesday 21-Apr-26 - 10:00AM UKT / 11:00AM CET
• Call URL: https://www.netroadshow.com/events/login/LE9zwo4AqqbzirmleiaMc5r6YwyGBnd0NWA
• Operator Assisted Dial-In:
• • United Kingdom (Local): +44 20 3936 2999
  • United Kingdom (Toll-Free): +44 808 189 0158
  • Access Code: 308247
• Books close: 1:30pm UKT April 21
• Timing: pricing April 21
• Joint Global Coordinators and Physical Bookrunners: Deutsche Bank (B&D), JP Morgan
• Joint Bookrunners: Barclays, BNP Paribas, Goldman Sachs International, UniCredit
• Co-Managers: Banca Akros S.p.A. Gruppo Banco BPM, Mediobanca
• Denominations: €100k x €1k
• Target Market: The manufacturer target market (MiFIR and MIFID II product governance) is eligible counterparties and professional clients. No PRIIPs key information document (KID) has been prepared as not available to retail in EEA or the UK
• Headquarters: Rome, Italy