CompanyProfile

CONTENTS W h o w e a r e P a g e 3

C o r p o r a t e S t r u c t u r e P a g e 5

M a n a g e m e n t T e a m P a g e 8N e t w o r k P a g e 9

Au c t i o n D a t a I n t e l l i g e n c e P a g e 1 5

R e v . 0 7 o f 1 . 0 4 . 2 0 2 1

S y s t e m P e r f o r m a n c e P a g e 1 0

C r e d i t & L e g a l B a c k O f f i c e Ar e a P a g e 1 1As t a S y P o i n t P a g e 1 2

As t a S y An a l y t i c s S t u d i e s C e n t r e P a g e 1 3As t a S y Ag e n c y P a g e 1 4

M a i n D a t a P o i n t s P a g e 1 6Au c t i o n D a t a I n t e l l i g e n c e P a g e 1 7

O u r S e r v i c e s P a g e 1 9

T r a c k R e c o r d P a g e 2 1

O u r V a l u e P a g e 2 3

AR E S P a g e 1 8

Who we are

NPLs RE_Solutions specialises in strategic advisory services for the NPE sector supporting our Clients across all strategical, management, and debt recovery stages relating to NPEs: from initial portfolio analysis, to identifying recommended recovery strategies, to single name/special situation management, to operative sub-servicing actions best suited to handle both in and out of court recovery procedures.

MEETING THE DEMANDS OF ALL OUR CLIENTS, FROM SERVICERS TO BANKS, QUALIFIED INVESTORS, MERCHANT BANKS.

NPLs RE_Solutions takes part in the Roundtable on Italian Realty Insolvency Procedures (T.S.E.I.), an assembly of highly regarded specialists who operate in the insolvency and liquidation sector, combining their diverse skills and backgrounds to cover the diverse aspects surrounding forced sales, from both the legal and commercial perspectives, with an added focus on statistics, lines of credit, and property valuation.

NPLs RE_Solutions is a company authorised under art. 115 of the Italian Consolidated Law on Public Security (TULPS).

NPLs RE_SOLUTIONS ISTHE LEADING AND MOST

COMPREHENSIVE ITALIAN REAL ESTATE ADVISORY AND AUCTION STRUCTURE

PROVIDING SPECIALISED CONSULTING SERVICES

GEARED TO REAL ESTATE ENFORCEMENT AND

INSOLVENCY PROCEDURES.

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Who we are

Level of RINA presence

LOW HIGHT

NPLsRE_Solutions is a subsidiary of the RINA Prime Value Services Group, the legal entity of RINA in the Real Estate sector.

With nearly 150 years of experience across a wide range ofindustries, RINA is a multinational company that helpscustomers build strong and successful businesses.

RINA (turnover ca. 500 million € in 2020) is a multinationalactive in the sectors:• Transport & Infrastructure/Real Estate• Energy• Marine• Certification• Industry

+ 3.900 Professionals+ 200 Office locations+ 70 Countries

The Group

The Group

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Corporate structure

NPLs RE_Solutions combines the remarkable anddiverse professional competencies of our partners tocreate a comprehensive service provider truly uniquein the Italian NPE market.

A new partnership of the highest standing that combines paststrategies and development pathways, providing further proof ofNPLs RE_Solutions’ integrity and ability to attract prime marketplayers.

The partnership with the RINA Prime ValueServices Group grants NPLs RE_Solutions access to atop-tier technical and certification service chainand a solid foundation of continued growth, to thebenefit of our Clients and the range of services we canoffer.

The partnership with the Gabetti Group, active in thenational real estate market since 1950, secures a solidcollaboration with the Group’s more than 1,200realty brokerage agencies.

The contribution of AstaSy (which retains both theAstaSy Point brand and the ownership of the firm’sStudies Centre) attests to the expertise of our foundingteam, who have literally revolutionised the Italian realestate liquidations market through their passion andprofessionalism, creating a win-win formula for allstakeholders involved in the matter of forced asset sales.

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The NPLs RE_Solutions Board of Directors and Management Team are made up of professionals of the highest standing, who have specialised over many years of activity in their diverse areas of expertise, holding prominent senior positions.

Management Team

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Our Network

4 Manager Area to cover the national territory

21 Expert consultants in real estate executions andbankruptcy procedures

AstaSy Point (Estate agents)

Sales Management

Specialist

More than 120

We are the leading Italian network specialising in the field of property foreclosure, enforcement, and out-of-court settlements for Real Estate.

Oltre 1.200 agenzie in Franchising

200 agenzie indipendenti7 sedi LuxuryOltre 30 Franchising e Regional ManagerOltre 3.500 Consulenti immobiliari260 dipendenti e collaboratori750 tecnici territorialiOltre 135 tra Consulenti e Promotori del CreditoOltre 200 Valutatori

Headquarters NPLsRE – AstaSy Agency

AstaSy Point

Headquarters CorporateGruppo Gabetti

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System performance

Numerical data for year 2019 extracted from Studio dei costi delle procedure esecutive individuali e studio dei tempi dei tribunali, the study on individual enforcement action costs and the Italian Court System’s timeframes provided by the T.S.E.I. Roundtable on Realty Insolvency procedures headed by the AstaSy Scientific Committee.

Time frames (provided in years) to NPLs RE_Solutions performance (recovery rates)

Time frames (provided in years) to the Italian justice system’s performance (recovery rates)

NPLs RE / Justice system

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The nerve centre of our day to day operations, our Back Office, attend to:

Absorbing and breaking down incoming data on insolvency and foreclosure proceedings taking place at a national level

Identifying potential and ideal candidates for Selling Mandates (MAV) and Final Liquidation Operations (Saldo e Stralcio)

Coordinating and supervising out-of-court settlement procedures between the credit holder and final client

Managing complex operations and special situations

Coordinating, overseeing, and managing Legal Due Diligence activities pertaining to credit portfolios

Directing the securitisation of large portfolios or single-name assets via SPV 130/99 special-purpose securitisation vehicles

Credit & Legal Back Office Area

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AstaSy Points are our territorial expert centres engaged in day to day real estate insolvency and liquidation procedures.

Standing team members are highly skilled, self-sufficient professionals working with local realty brokerage firms, both within the larger Gabetti Group and independent agencies.

A wide-ranging network, competent and experienced, offering real value in terms of timing, quality, and costs, with locations available on the entire Italian territory.

AstaSy Points are present throughout the Italian territory.

70 hours live training each year

One to One assistance at eachLocal territorial location

Our Specialist are required to complete a 12 monthstraining course in order to earn the Specialist Status

AstaSy Points

Headquarters NPLsRE – AstaSy Agency

AstaSy Point

Headquarters CorporateGruppo Gabetti

+ 10 hours of insights and regulatoryupdates

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NPLs RE_Solutions employs the AstaSy Analytics Studies Centre, a one of a kind knowledge bank in Italian landscape. The Centre handles data retrieval, analysis and unscrambling, providing geopolitical and territorial studies for all forced realty auctions invested with local Courts, all of which contributes to creating the annual Auction Reports that break down the previous year’s market trends.

Publications curated by the AstaSy Analytics Studies Centre:

Report Aste (the Auction Report issued annually from 2015 onwards)

I segreti delle esecuzioni immobiliari (a practical guide to property foreclosure procedures, employed by AstaSy in training our commercial network)

Il protocollo del saldo e stralcio (an operative workbook constantly updated with current regulatory requirements and industry technicalities pertaining to closing a real estate liquidation operation)

Manuale operativo della vivacizzazione d’asta (an operative workbook intended for our expert consultants, detailing day-to-day activities, from initiation to marketing of portfolios or assets up for auction)

The AstaSy Analytics Studies Centre Auction Report has become a valuable tool for the larger Italian real estate industry, being widely recognised for the accuracy of information it provides on liquidation proceedings.

AstaSy Analytics Studies Centre

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AstaSy Agency was born in 2020 with the aim of proactively managing:• REOCO repossess activity• Repossess activity from leasing companies• MAV activity

AstaSy Agency operates in compliance with Royal Decree 267/1942, Article 107 for the liquidation of hinged real estate assets, also by virtue of the entry into force of the new legislation on the business crisis on the liquidation of assets.

AstaSy Agency is the first 100% owned real estate agency by 115 TULPS company.

AstaSy Agency

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Auction Data Intelligence

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What makes NPLs RE_Solutions truly remarkable is a fully automated Auction Big Data system entirely unique to the Italian market, constantly extracting real-time procedural and technical data on forced sales and liquidation proceedings currently taking place at a national level.

NPLs RE_Solutions’ Data & Business Intelligence system processes millions of data items to support decision-making for risk management, investment, and credit recovery procedures.

Our team of experts transform data into organic information, providing a decisive tool for improving credit recovery operations limiting the potential risks that may arise from a more surface-level examination and improving production flows.

Main data points

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NPLs RE_Solutions employs a set of proprietary Big Data Analytics algorithms and programmes supported by machine learning, entirely unique to the Italian NPE sector, enabling Clients to handle all possible debt recovery scenarios (in and out of court recovery, repossession) with a scientific approach intended to drastically cut down recovery times, increase cash flows, and provide significant savings in terms of management costs.

The knowledge to decide.

AuctionSy

The Auction System uploads, manages, and archives all the information made available on legal portals on a daily basis. This allows end-users to monitor trends and fluctuations in all the enforcement and insolvency procedures taking place in Italy, segmenting data by Court, City, Zone or District, Intended Use, Dimensional Cluster, Proceedings type, etc. Auction System is the only Big Data on the Italian market able to also index all procedural documentation (initiations, orders, technical and expert reports), creating a calendar with upcoming auctions and mapping out the ones already completed.

Our Big Data meets the highest standards for:• Depth and Wealth of information: in terms of coverage of

all relevant risk factors.• Consistency: the system relies on shared information bases

as well as the exclusive T.S.E.I. Observatory and the AstaSyAnalytics Studies Centre.

• Traceability: clearly outlined sources of public information.

Auction Data Intelligence

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Auction System delivers data into ARES 2.0 (Auction Real Estate System), a unique real estate auction management system that lets the Client access a virtual Data Room complete with all available information regarding the credit portfolio they intend to leverage.

ARES augments available documentation and schedules approaching sales dates. Individual end-users can monitor, analyse, create and leverage their assigned portfolio thanks to the extended interface connected to both the NPLs RE_Solutions Back Office and via data entry.

Individual data items are further refined and arranged in comprehensive and intuitive fact sheets complete with geolocation, expertly designed to support Real Estate Intelligence activities and operations, which can be forwarded to dedicated virtual Due Diligence data rooms.

88,892,957,291,22GBV( Gross Book Value)

68,909,269,210,00Equivalent auction base prices

140Courts / Tribunalsupdated at 00:10 everynight

+ 700New properties listedeach day

551,169Archivies properties

746,505Archived Technical Expert Reports

4,479,030Photographs of propertiesPledged as collateral forLoans granted

420.980Cadastral Plans

420.980Real-time geolocation via mapsand street view

1.843.867Sales notices archivedchronologically

Data last updated as of: December 2020

Our Services

Range of services

Auction Real Estate

Data Gathering Selling Instructions (MAV) & Out-of-Court Settlements (DPO) Auction Facilitation Broker Opinion Services geared to Real Estate Owned Companies (REOCO)

Valuation & Risk Management

Valuation Due Diligence and Business Plans Drafting and support services for operative NPE Plans Support services for Risk Management

Advisory

Data Room Bank Asset Valuation Support for disposal/divestment operations UTP Portfolio management services

Investment

Scouting and support services for investors Services geared to private banking

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Track Record

2020 Track Record

+ 22,000 Assets under Auction Facilitation and Monitoring

+ 110,000 Assets under Monitoring

+ 551,000 Properties covered by our Big Data

+ 551,000 In-court procedure Status Analyses

+ 5,600 Full and Final Settlements

Top clients

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ALGEBRISAMCOAQUILEIA CAPITAL SERVICESAXACTORBANCA DI CAMBIANOBLUE SGRBPMCERVEDCOPERNICUS CREDITO FONDIARIODEA CAPITALDEUTSCHE BANKDOVALUEFIN INT

FRONTIS NPLHIGHOIST FinanceILLIMITYINTRUMKRIALOSLINK ASSET MANAGEMENTNAMIRAPHONEIXPRELIOSQUAESTIO CAPITALSORGENTEUNIPOL

Our values

The first and only real operative network with strong training and real qualifications in property foreclosure and forced sales proceedings. Our Team is made up of dedicated Project Managers who specialise in diverse fields of expertise and Client types: Banks, Servicers, Investors. A qualified, proactive Team, working closely with the Client and able to ensure topmost operative effectiveness thanks to an entirely tailor-made approach.

The largest and most comprehensive Big Data on the Italian market on insolvency and default proceedings.

Reliable competencies and professionalism, with an entirely unique core business focus, thanks to the experience developed over almost twenty years in the distressed assets industry on behalf of our management.

A highly specialised Back Office able to support the larger operative network, as well as our Client Banks and Servicers, constantly sharing information and refining the best-suited recovery strategies.

Guaranteed speed of operations thanks to proven output models and specially-developed software. Providing quality in our work in accordance to particular Client requirements and their investment is one of our core values. Transparent and reliable results, always easy to read.

Our values

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A subsidiary of

MilanCorso Venezia, 8

RomeVia Ezio, 49

www.nplsre.it

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