Investor Presentaiton

DISCLAIMER By opening this presentation and/or attending the meeting where this presentation is made, you agree to be bound by the following limitations and restrictions. This presentation is solely for use in connection with a proposed offering (the "Offering") of securities of Leasys S.p.A.. It does not constitute, and should not be construed as, any offer for sale or subscription of, or solicitation or invitation of any offer to buy or subscribe for, any securities of Leasys S.p.A. or any of its subsidiaries (together, "Leasys") in any jurisdiction or an inducement to enter into investment activity, nor should this presentation or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. This presentation is an advertisement and does not constitute a recommendation regarding any securities of Leasys S.p.A.. Should securities be issued in connection with the Offering, Leasys S.p.A. expects to apply for such securities to be admitted to listing and to trading on the regulated market of the Irish Stock Exchange, trading as Euronext Dublin plc ("Euronext Dublin"). This presentation should be read together with the Base Prospectus prepared by Leasys S.p.A. in connection with its Euro Medium Term Note Programme published on the website of Euronext Dublin. This presentation speaks as of its date only and has not been independently verified. Leasys is not under any obligation to amend, update, verify, revise or supplement this presentation after the date hereof under any circumstances, even if such information may change materially. This presentation may not be reproduced in any form, in whole or in part, for any purpose without the prior written consent of Leasys. Failure to comply with this restriction may constitute a violation of applicable securities laws. By accessing or reading the presentation slides, you agree to be bound by the limitations set out herein. The information set out in this presentation is given as of the date of the presentation and Leasys is under no obligation to update, revise, verify or amend it in any respect after such date even if such information may change materially. In giving this presentation, none of Leasys nor any of its affiliates, subsidiaries, shareholders, representatives, agents, employees or advisors, undertakes any obligation to amend, correct or update this presentation or to provide the recipient with access to any additional information that may arise in connection with it after the date hereof. This presentation has been prepared in connection with the Offering only. None of Leasys nor any of its affiliates, shareholders, representatives, agents, employees or advisors shall have any liability whatsoever (in negligence or otherwise) for any loss whatsoever arising from any unauthorised use of this document or its contents, or otherwise arising in connection with any oral statements made by Leasys at any meeting at which this presentation is discussed. No representation, warranty or undertaking, express or implied, is or will be made or given by or on behalf of Leasys or any of its affiliates, subsidiaries, shareholders, representatives, agents, employees or advisors, as to, and no reliance should be placed on, the truth, fairness, accuracy, completeness, fairness or correctness of the information or the opinions contained herein (and whether any information has been omitted from the presentation) or any other material contained in the presentation or discussed at any meeting at which this presentation is employed, and no responsibility or liability is assumed by any such persons for any such information or opinions or for any errors or omissions in such oral statements or in circumstances where this presentation is used for any improper use or any unauthorised purpose, i.e. otherwise than by Leasys S.p.A. in connection with its intended use in connection with the Offering. Leasys and each of its directors, officers, employees, affiliates, advisers and representatives disclaims all liability whatsoever (in negligence or otherwise) for any loss however arising, directly or indirectly, from any unauthorised use of this presentation or its contents. This presentation and the information contained herein are not an offer of securities for sale in the United States and are not for publication or distribution to persons in the United States, its territories or possessions or to any U.S. person (within the meaning of Regulation S under the United States Securities Act of 1933, as amended (the "Securities Act")) or in any other jurisdiction where it is unlawful to do so. Any failure to comply with this restriction may constitute a violation of U.S. securities laws. This presentation is not an offer of securities for sale in the United States. Any securities that may be issued pursuant to the Offering have not been and will not be registered under the Securities Act, or the laws of any state or other jurisdiction of the United States, and may not be offered or sold within the United States, or for the account or benefit of, U.S. Persons (as such terms are defined in Regulation S under the Securities Act), absent registration or an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state laws. This presentation is being communicated in the United Kingdom only to persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and to persons to whom it may otherwise be lawful to communicate it to (all such persons being referred to as relevant persons). This presentation is only directed at relevant persons and any investment or investment activity to which the presentation relates is only available to relevant persons or will be engaged in only with relevant persons. Other persons should not rely or act upon this presentation or any of its contents. This presentation is for distribution in Italy only to "qualified investors" (investitori qualificati), as defined pursuant to Article 2 of the Prospectus Regulation and any applicable provision of Italian laws and regulations, or in other circumstances which are exempted from the rules on public offerings pursuant to Article 1 of the Prospectus Regulation, Article 34-ter of CONSOB Regulation No. 11971 of 14 May 1999, as amended from time to time, and the applicable Italian laws. This presentation does not purport to identify all of the risks (direct and indirect) and information which may be associated with any decision relevant in respect of the proposed Offering. These materials may contain projections and forward-looking statements. Forward looking statements, projections, objectives, estimates and forecasts are generally identifiable by the use of the words "may," "will," "should," "plan," "expect," "anticipate," "estimate," "believe," "intend," "project," "goal" or "target" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Leasys's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts, including, without limitation, those regarding Leasys' future financial position and results of operations, strategy, plans, objectives, goals and targets and future developments in the markets where Leasys participates or is seeking to participate. All statements, other than statements of historical facts, contained herein regarding Leasys' strategy, goals, plans, future financial position, projected revenues and costs or prospects are forward-looking statements. Forward-looking statements are subject to inherent risks and uncertainties, some of which cannot be predicted or quantified. Any such forward-looking statements will be based on numerous assumptions regarding Leasys' present and future business strategies and the environment in which Leasys will operate in the future. Further, any forward-looking statements will be based upon assumptions of future events which may not prove to be accurate and future events or actual results could differ materially from those set forth in, contemplated by or underlying forward-looking statements. Any such forward-looking statements in these materials will speak only as at the date of these materials and Leasys assumes no obligation to update or provide any additional information in relation to such forward-looking statements. By attending the meeting where this presentation is made or by accepting a copy of this presentation, you agree to be bound by the foregoing and to maintain confidentiality regarding the information disclosed in this presentation. LEASYS