Sisal Group S.p.A. (formerly Sisal Holding Istituto di Pagamento S.p.A.) as issuer of the €275,000,000 7.25% Senior Secured Notes due 2017 (the “Issuer”) hereby informs that Mr. Maurizio Cereda and Mr. Giuseppe Farchione were appointed by the Board of Directors as new directors of the Issuer on 5 May 2015 to substitute respectively Mrs. Mia Rinetti and Mr. Roberto Gavazzi.