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Leonardo S.p.a. (“Leonardo”) introduced that its wholly owned subsidiary, Leonardo US Holding, Inc. (“Leonardo US Holding”), postponed the original community featuring (“IPO”) of shares of Leonardo DRS, Inc. (“DRS”), an oblique wholly owned subsidiary of Leonardo.

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Notwithstanding investor curiosity inside of the cost range for the duration of the study course of the roadshow, adverse sector conditions did not allow for an satisfactory valuation of DRS.

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DRS continues to be a core portion of Leonardo’s small business portfolio and the IPO will likely be revisited when market ailments are additional favorable and a effective IPO at an proper valuation for this strategic business can be accomplished.

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Leonardo remains psyched about the potential customers of DRS and will continue on to guidance its enhancement in just the Leonardo Team.

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A registration statement relating to these securities has been submitted with the SEC but has not however become effective. These securities may well not be bought nor might presents to get be acknowledged prior to the time when the registration statement becomes successful. This push launch shall not represent an supply to promote, or the solicitation of an give to get, these securities in any state or jurisdiction in which these kinds of an provide, solicitation or sale would be illegal prior to registration or qualification below the securities laws of any this kind of point out or jurisdiction.

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The proposed providing will be made only by usually means of a prospectus. Copies of the preliminary prospectus relevant to the presenting could be attained from Goldman Sachs & Co. LLC., Consideration: Prospectus Department, 200 West Avenue, New York, NY 10282, by phone at (866) 471-2526 or by email at [email protected].e-mail.gs.com BofA Securities, Inc., Notice: Prospectus Section, NC1-004-03-43, 200 North Higher education Street, 3rd flooring, Charlotte NC 28255 or J.P. Morgan Securities LLC, Interest: c/o Broadridge Money Options, 1155 Prolonged Island Avenue, Edgewood, NY 11717 or by telephone at 866-803-9204 or by email at [email protected]

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Disclaimers
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This press release consists of statements that represent “forward-on the lookout statements”, including with regard to the proposed initial community featuring. Ahead-looking statements are matter to a lot of conditions, quite a few of which are over and above the manage of Leonardo and Leonardo DRS. Neither Leonardo nor Leonardo DRS undertake any obligation to update these statements for revisions or improvements immediately after the date of this release, apart from as expected by legislation.

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In the European Economic Region (the “EEA”), this push release is directed only at people in member states who are “qualified investors” within just the meaning of Short article 2(e) of Regulation (EU) 2017/1129 (“Qualified Investors”). In the United Kingdom, this push launch is directed only at individuals who: (A) (i) are “investment professionals” specified in Post 19(5) of the Economic Products and services and Markets Act (Fiscal Promotion) Order 2005 (the “Order”) and/or (ii) tumble in Write-up 49(2)(a) to (d) of the Get and (B) are “qualified investors” inside of the this means of Post 2 of Regulation (EU) 2017/1129 as it types part of retained EU legislation as described in the EU (Withdrawal) Act 2018 (all this kind of individuals with each other staying referred to as “Relevant Persons”). This push release have to not be acted on or relied on (i) in the United Kingdom, by people who are not Relevant Individuals, and (ii) in any member point out of the EEA, by individuals who are not Skilled Traders. Any expense or expense action to which this push release relates is obtainable only to: (i) in the United Kingdom, Applicable Folks and (ii) in any member state of the EEA, Certified Traders, and will be engaged in only with these folks.

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This announcement does not constitute an offer you of any securities to the community in Italy. The shares will not be registered with the Commissione Nazionale for each le Società e la Borsa (“CONSOB”) pursuant to Italian securities laws and, appropriately, no shares might be offered, bought or delivered, nor may well copies of the prospectus and any other doc relating to any shares be dispersed in the Republic of Italy, except: (i) to experienced traders (investitori qualificati), as defined in Posting 2, letter e) of the Regulation (EU) 2017/1129 (“Prospectus Regulation”), pursuant to Short article 1, fourth paragraph, letter a), of the Prospectus Regulation or (ii) in other conditions which are exempted from the regulations on community offerings pursuant to Article 1 of the Prospectus Regulation. Any offer you, sale or shipping and delivery of the shares or distribution of copies of the prospectus and any other document relating to any shares in the Republic of Italy will have to be in compliance with applicable Italian laws and polices.

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None of the facts contained on, or that might be accessed by our web site or any other internet site is portion of this push launch. All web page addresses are meant to be inactive textual references only.

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