“With reference to the article published by MF on the 10th of September, reporting Varde to have started a process to sell its share in Guber Banca, the Fund itself denies this fact. As usual in the management of a fund, such share will be sold, in the future, with timing and manner completely different from what reported in the article”. This is the declaration of Francisco Milone, Board Member and partner of Varde Partners.