Kyip Capital SGR S.p.A. has not adopted a Commitment Policy pursuant to Article 124-quinquies of the TUF, since the investment policy of the Funds managed by Kyip Capital SGR SpA is not in principle oriented to investments in companies with shares listed on a regulated market in Italy or another Member State of the European Union. The investments allowed in these companies are subject to a number of limitations in relation to the assets of the fund and to well-defined cases (including listing after initial investment by the fund or companies acquired in delisting transactions). Furthermore, it should be noted that on the date of publication of this announcement, Kyip Capital SGR S.p.A. does not have in its portfolio companies with shares listed on a regulated market in Italy or in another Member State of the European Union. It will be the responsibility of the SGR to draw up and publish a Policy of Commitment if in the future these conditions were fulfilled (e.g. establishment of UCITS with a focus on companies listed on regulated markets or amendments to the Management Rules of existing UCITS involving the investment in companies listed on regulated markets).