Core Viewpoint - Iveco Group has signed a definitive agreement to sell its Defence Business to Leonardo S.p.A. for an enterprise value of €1.7 billion, creating a European champion in the land defence segment [1][2]. Group 1: Transaction Details - The transaction is expected to be completed by 31 March 2026, pending regulatory approvals and carve-out completion [3]. - Upon completion, Iveco Group plans to distribute the net proceeds to shareholders through an extraordinary dividend [3]. Group 2: Strategic Implications - The sale allows both the Defence Business and commercial vehicles business to focus more strategically, enhancing their competitive capabilities [2]. - The partnership will combine mobility solutions and protected platforms from Iveco's Defence Business with Leonardo's advanced systems, delivering comprehensive land defence capabilities [2]. Group 3: Financial Performance - The Defence Business, comprising Iveco Defence Vehicles (IDV) and ASTRA, generated revenues of €1.1 billion in 2024 [5].

Group 1 - Iveco Group N.V. will release its financial results for Q2 2025 on July 30, 2025, with a conference call scheduled for the following morning [1] - A live audio webcast of the conference call will start at 11:00 a.m. CEST / 10:00 a.m. BST on July 31, 2025 [1] - The press release and presentation materials will be available on the corporate website prior to the conference call [2] Group 2 - Iveco Group N.V. encompasses seven brands, including IVECO, FPT Industrial, IVECO BUS, HEULIEZ, IDV, ASTRA, and IVECO CAPITAL, each specializing in different sectors [3] - The company employs 36,000 people globally and operates 19 industrial sites along with 30 R&D centers [3]

Francesco Polsinelli, Tel: +39 335 1776091 Fabio Lepore, Tel: +39 335 7469007 E-mail: mediarelations@ivecogroup.com Investor Relations: Federico Donati, Tel: +39 011 0073539 E-mail: investor.relations@ivecogroup.com The related press release and presentation will be posted on the corporate website at www.ivecogroup.com on Thursday, 15 May 2025. For those unable to take part in the live session, a replay will be available in the Investors section of the company website (www.ivecogroup.com) following the conf ...