Offizielles Statement der Panariagroup

Dear Stakeholders,

We recently became aware of some misleading information circulating on social media regarding Panariagroup in Italy.

We understand that such news can raise concerns from both customers and employees about Panariagroup Deutschland, so we want to take a moment to reassure you and provide clarity.

Panariagroup has recently decided to restructure the financial debt: the weakness of the tile industries, the dramatic fluctuation of the energies and the uncertainties of the global stability together with the raise of the interest rate, represent the major issues that forced the Group decision to renegotiate the duration of the debts with our Bank partners.

In addition, in the context of the negotiation with the Banks, the Shareholders are open to provide their own fresh capital injection in the Group.

In Italy, this process is now regulated by a standard formal private procedure (debt restructuration) that should have been addressed exclusively to the banks, and not formally involved the other stakeholders.

Panariagroup decided to reinforce the financial figures to guarantee and protect the business continuity after several years of heavy investments, and be prepared to face the new challenges We want to emphasize that there is no cause for concern beyond what has been outlined above.

This proactive communication is intended to ensure everyone feels informed and confident as we approach the new year.

PANARIAGROUP BOARD OF DIRECTORS
Emilio Mussini