Rhino Bondco S.p.A.

11 November 2014

€ 50,000,000 7.25% Senior Secured Notes due 2020

We have been appointed as trustee for this new bond issue by Rhino Bondco, the parent company of Rhiag Inter Auto Parts Italia S.p.A., the Italian auto components distributor. The bond is a tap issue of a bond launched in January this year.

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