Milan, 30 June 2025 – Italmobiliare S.p.A. (Italmobiliare or the Company) announces, pursuant to art. 144-bis of the CONSOB Issuers' Regulation adopted with the Resolution n. 11971/1999 (the Issuers’ Regulation), the launch, on July 3^rd, 2025, of a treasury share buyback program (the Program). The Program will be implemented in execution of and according to the resolution of the Shareholders' Meeting of April 17, 2025, in compliance with the current regulation, also in consideration of the recent context related to the capital markets and, by extension, to the relative performance of Italmobiliare shares.

Purpose

The purpose of the Program is to create a stock of treasury shares that, inter alia and if the conditions occur, can be used to replace or supplement financial resources for the execution of any extraordinary financial transactions such as, for example, the exchange of equity investments or possible acquisitions.

In the event of completion of the Program up to the maximum limit of shares mentioned below, Italmobiliare would hold a total of 567,070 shares or 1.334% of the share capital.

Should there not be adequate opportunities for their utilization in the medium term, Italmobiliare reserves the right to allocate (in whole or in part) the treasury shares held for possible cancellation, within the terms and according to the procedures provided for by the law, subject to the resolution of the competent corporate bodies.

Maximum number of shares to be bought and maximum consideration of the Program

The purchases will concern a maximum of 350,000 shares corresponding to 0.824 % of the Issuer's share capital for a maximum consideration of Euro 10,000,000.

As of today, the Company directly holds 217,070 shares, equal to 0.511% of its share capital.

Minimum and maximum consideration

The purchases shall take place – in compliance with the conditions set forth in Article 3 of Commission Delegated Regulation (EU) 2016/1052 of March 8, 2016 and further applicable rules – at a unit price not exceeding the highest price between the price of the last independent transaction and the price of the highest current independent bid on the electronic share market organized and managed by Borsa Italiana (Euronext STAR Milan) and it being understood that the aforesaid consideration may not in any case be lower in the minimum and higher in the maximum by 15% (fifteen per cent) than the reference price that the Italmobiliare share recorded in the stock exchange session on the day preceding each single transaction.

The number of shares to be purchased daily may not exceed 25% of the average daily trading volume, calculated based on the average daily trading volume in the 20 trading days preceding each purchase date.

Methods through which purchases will be made

Purchases will be made on the regulated market Euronext STAR Milan, organized and managed by Borsa Italiana S.p.A. in compliance with art. 144-bis, paragraph 1, letter b) of Issuers’ Regulation and other applicable provisions, so as to ensure compliance with the equal treatment of shareholders pursuant to art. 132 of the Legislative Decree No. 58 of February 24, 1998 (the CLF), as well as in accordance with the operating procedures set forth in the organizational and management regulations of Borsa Italiana S.p.A.

As for the execution of the Program, Italmobiliare has granted today a mandate to Equita SIM S.p.A. to coordinate and execute the Program on behalf of the Company and make the relevant trading decisions, in full discretion and full independence. The Program will be also executed during the so-called closed period.

Duration

The purchases will start from July 3, 2025 with an expected end no later than September 30, 2025.

Italmobiliare shall inform the market, in accordance with the provisions in force, of the details of the purchase transactions carried out.

Considering the current capital markets context, also characterized by significant and sudden increases in volatility and changes in the macroeconomic and geopolitical scenario, any subsequent changes to the Program that may be deemed necessary in the period will be promptly disclosed to the public in the ways and terms provided for by applicable laws and regulations.

Aggregate group revenue up by over 14% thanks to growth in all the industrial portfolio companies. Italmobiliare closes the period with a stable nav of more than 2.2 billion euro and positive cash of 273.8 million to support portfolio growth.

• The Italmobiliare Group continued to grow in the first quarter of the year, with revenue increasing for all the main industrial affiliates. At an aggregate level, revenue of the Industrial Portfolio Companies grew by 14.3% to 375.4 million euro, with a gross operating profit of 24.2 million.
• Specifically, of the main industrial portfolio companies:
  • Revenue up 6.3% to 88.9 million euro for Caffè Borbone, which confirms its position as the leading brand in single-serve coffee sales by volume in the large-scale retail trade, while continuing to expand abroad.
  • Officina Profumo-Farmaceutica di Santa Maria Novella is showing revenue growth of 20.6% to 14.3 million with EBITDA doubled thanks to a good performance on the part of all sales channels and product categories.
  • CDS-Casa della Salute continues its development path, with revenue and EBITDA increasing by 23% and 13.3% respectively.
  • SIDI closes the quarter with a significant growth in turnover of 8.3 million (+32.8%) thanks to a good performance by the motorbike and bicycle segments.
  • Among the other Portfolio Companies, double-digit growth has been seen in the revenue of Tecnica Group (+13.6%), Iseo (+17.8%) and Bene Assicurazioni (+21.3%).
• The Net Asset Value of Italmobiliare S.p.A. is equal to 2,222.4 million euro, with a positive net performance of 6.6 million euro compared with the figure at December 31, 2024.
• The net financial position of Italmobiliare S.p.A. at March 31, 2025 is positive and stands at 273.8 million euro.
• During the period, the Group continued on the decarbonisation path undertaken, guided by the methodological approach of the Science Based Targets initiative, and further consolidated its sustainability strategy, built on solid governance aligned with the highest global standards, including the UN Global Compact, and extended across the entire value chain.

Milan, May 13, 2025 - The Board of Directors of Italmobiliare S.p.A. today approved the additional periodic financial information at March 31, 2025.

At an aggregate level, the Group’s Industrial Portfolio Companies sales revenue and other income come to 375.4 million euro, up 14.3% compared with 328.6 million in 2024. Revenue is up for all industrial portfolio companies: in particular, there is double-digit growth at SIDI (+32.8%), CDS-Casa della Salute (+23%), Officina Profumo-Farmaceutica di Santa Maria Novella (+20.6%), Bene Assicurazioni (+21.3%), Iseo (+17.8%) and Tecnica Group (+13.6%). Positive performances also for Caffè Borbone (+6.3%), Capitelli (+6.4%) and Italgen (+3.8%). The aggregate EBITDA stands at 24.2 million (27.4 million in the same quarter of the previous year) and is increasing for all industrial Portfolio Companies with two exceptions: Caffè Borbone, which despite being penalized by the record cost of coffee at origin, has still been able to maintain a good margin on sales (14.3%), and Italgen, which has turned in excellent results in absolute terms, but is being compared with the first quarter of 2024 when hydroelectric production benefited from exceptional rainfall in terms of volume and frequency.

The Net Asset Value of Italmobiliare S.p.A. is equal to 2,222.4 million euro (2,215.8 million euro at December 31, 2024) with a positive net performance of 6.6 million. At March 31, 2025, the NAV per share is equal to 52.6 euro, up 0.3% compared with the figure at December 31, 2024.

At March 31, 2025, Italmobiliare S.p.A.'s net financial position is positive and equal to 273.8 million euro, in line with December 31, 2024, a significant endowment that allows the Company to take advantage of any opportunities and to continue supporting the Portfolio Companies, providing them, where necessary, with the resources needed to intensify their organic and inorganic growth path.

Performance of the Portfolio Companies

In the first quarter of the year, the Italmobiliare Group continued to grow, with revenue increasing for all of the industrial Portfolio Companies.

In the food sector, Caffè Borbone posted revenue of 88.9 million euro in the quarter, up 6.3%. At channel level, during the period the company consolidated its leadership in the Large-Scale Retail Trade, confirming itself as the leading brand in terms of sales volumes in single-serve products. Growth also continues abroad, particularly the American market which is recording increases of over 50%. The gross operating profit for the quarter was 12.7 million euro, down 6.5 million euro on the previous year due to the record price of coffee at origin, which led to an increase in procurement costs of over 40%, with a rise in expenditure of 14.5 million. In this challenging context, the company is still proving itself capable of maintaining a good margin on sales (14.3%). There was an excellent performance on the part of Capitelli, which in a challenging market context is seeing growth in both revenue (+6.4% to 6.2 million euro), mainly thanks to the rise in sales volumes, and gross operating profit (+21.8% to 1.2 million).

Turnover up to 14.3 million euro (+20.6%) for Officina Profumo-Farmaceutica di Santa Maria Novella, with double-digit growth across all sales channels. Retail has seen a 17.2% increase, due to good like-for-like performance and the contribution made by new stores opened during the last year; the results of e-commerce and the wholesale channel were also positive. All segments of the offer are growing, in particular fragrances and body care products. The gross operating profit doubled compared with the same period last year, reaching 2.2 million euro.

CDS - Casa della Salute continues its development path and closes the quarter with revenue of 18.8 million, up 23% thanks to the contribution of new openings and the good results of the like-for-like perimeter (+7%), referring only to clinics opened or acquired before 2023. Gross operating profit comes to 2 million euro, up 13.3% compared with 1.8 million euro in the first quarter of the previous year.

A very positive quarter for SIDI which posted turnover of 8.3 million euro, an increase of 32.8% compared with the same period of the previous year, with double-digit growth in both the motorbike segment (+36.6%) and the bicycle segment (+28.4%). The gross operating result was negative by 0.1 million euro, an improvement compared with the same period of the previous year (-0.6 million euro).

In the first quarter of 2025 Italgen started work on the construction of two photovoltaic plants with a total installed power of 15 MW, with completion expected by the end of the year. During the period, the total energy production of the Italgen Group was equal to 67.2 GWh, higher than the historical average, but lower than the 87.7 GWh of the same period in 2024, which featured record rainfall. Revenue comes to 14.9 million euro with a gross operating profit of 5.1 million euro.

Turnover is up 13.6% to 103.3 million euro for Tecnica Group thanks to the positive contribution of all segments and, in particular, of the LOWA brand. The gross operating result is positive for 0.2 million euro, improving compared with the same period of the previous year thanks to the increase in volumes.

In the first three months of the year ISEO posted a turnover of 37.4 million euro, up 17.8% compared with the same period of the previous year, which was affected by critical issues related to the adoption of the new ERP system that prevented the company from fulfilling all of its order book. The electronic lock segment, in particular, performed very well, growing at rates of more than 30%. The gross operating profit has risen to 0.9 million euro.

Bene Assicurazioni closes the quarter with premium income of 83.3 million euro, up 21.3% thanks to the positive performance of all sales channels. Good results also for the auto sector, which contributes approximately two thirds of the Company's overall premium income.

Clessidra turned in a positive brokerage margin of 10.2 million euro, up 13% compared with 9 million at March 31, 2024 due to higher net commissions from Clessidra Capital Credit SGR S.p.A. and Clessidra Factoring S.p.A.

Milan, May 6, 2025 – The minutes of the ordinary shareholders’ meeting held on April 17, 2025 is available at the Company’s registered office in Milan, Via Borgonuovo no. 20, on the authorized storage platform eMarket STORAGE (www.emarketstorage.com) and on the Company’s website www.italmobiliare.it, under the Governance/Shareholders’ Meetings section (https://www.italmobiliare.it/en/governance/shareholders-meeting).
This notice will also be published tomorrow on daily newspapers.

Milan, April 17, 2025 - The shareholders’ meeting of Italmobiliare S.p.A., held today in Milan, approved the distribution, for each share entitled, of a dividend of euro 0.90 per share, gross of the withholdings required by law. The dividend will be paid on May 7, 2025. Shares will be traded ex dividend on May 5, coupon no. 8; the record date will be May 6.
As required by current regulations, shareholders whose shares have not yet been dematerialized shall previously present their shares to an “Intermediary” for introduction into the centralized dematerialization management system.
This notice will be published tomorrow in the daily newspapers.

Milan, April 17, 2025 – The Shareholders' Meeting of Italmobiliare S.p.A. met today in the Meeting Room of Intesa Sanpaolo with participants representing 73.87% of the share capital.

The Shareholders' Meeting approved the 2024 financial statements, which closed with a profit of 104.8 million euro (51.6 in 2023) and a positive net financial position for the Parent Company of 273.8 million. The Shareholders' Meeting also approved the distribution of an ordinary dividend of 0.90 euro per share out of the profit for the year for 38,054,637.00 euros. The payment will take place on May 7, 2025, going ex-coupon on May 5, 2025 (with a record date of May 6, 2025).

The Meeting also approved the remuneration policy for 2025 and voted in favour of the compensation paid to directors, statutory auditors and key management personnel in 2024.

The Shareholders also renewed for the next 18 months the authorisation to buy and sell treasury shares for the following purposes: a) to set up a portfolio of securities that could be used to substitute or integrate financial resources, to carry out extraordinary corporate finance transactions, such as share exchanges or potential acquisitions, or to implement compensation plans based on financial instruments that could be approved in the future; and b) to carry out activities to stabilise and support the liquidity of the ITALMOBILIARE stock, favouring regular trading, including securities lending to support third-party liquidity providers, market makers and specialists. The proposed authorisation concerns a maximum of 1,000,000 shares (representing 2.353% of the shares that currently make up the share capital) for a maximum outlay of 35 million euro. The Company currently has 217,070 treasury shares in its portfolio, equal to 0.511% of the share capital.

The Company will be able to buy treasury shares in one or more tranches. Purchases will be made on the market in compliance with art. 144-bis, paragraph 1, letters b), and d-ter) of the Issuers Regulation, so as to allow compliance with the principle of equal treatment of shareholders, as required by article 132 of the CLF, and therefore (i) on regulated markets, according to the operating procedures established in the organisation and management regulations of Borsa Italiana, which do not allow direct matching of purchase proposals with predetermined sale proposals, or (ii) with the methods established by market practices allowed by CONSOB pursuant to article 13 of (EU) regulation no. 596/2014 from time to time in force, and in any case in accordance with the further provisions of the law and regulations applicable to this type of transaction.

Purchases will be made - in compliance with the conditions established in article 3 of the (EU) Delegated Regulation 2016/1052 of the Commission dated March 8, 2016 and other applicable rules - at a unit price not exceeding the highest price between the price of the last independent transaction and the price of the current highest independent purchase offer on the Euronext STAR Milan, it being understood that this consideration may not in any case be lower in the minimum and higher in the maximum by 15% (fifteen percent) with respect to the reference price that the Italmobiliare share recorded in the stock market session of the day preceding each transaction.

The Company will be able to carry out disposals, also fractionally and without time limitations, of the Italmobiliare shares to be purchased or already purchased on the basis of previous shareholders' authorisations, according to the purposes and methods indicated above, providing the unit selling price (or in any case the unit value established in the context of the sale) is not lower than the average carrying price of the shares bought on the basis of the authorisation.

Milan, March 25, 2025 – The 2024 annual financial report according to art. 154 ter of the Consolidated Law on Finance (CLF), including the draft of the statutory financial statements and the consolidated financial statements, the directors’ report with the sustainability report, the due attestations prepared according to art. 154-bis, paragraphs 5 and 5 ter of the CLF, the reports of the Company’s independent registered public accounting firm and the board of statutory auditors, the annual report on corporate governance and ownership structure, and the report on remuneration policy and compensation paid prepared according to art. 123 ter of CLF, inclusive also of the information required by art. 84 bis of the CONSOB Issuers Regulation, have been filed with the Company’s registered office and are available on the authorized eMarket storage platform (www.emarketstorage.com) and through the Governance/Shareholders’ Meeting section of the Company's website at www.italmobiliare.it (https://www.italmobiliare.it/en/governance/shareholders-meeting).

Documents required by article 2429 of the civil code, paragraph 3 and 4, will be made available within the legal deadline at the registered office.

This notice on filing of the abovementioned documents will also be published tomorrow on daily newspapers.

Milan, March 14, 2025 – Italmobiliare S.p.A. announces that the notice of call of the ordinary shareholders’ meeting convened on April 17, 2025 is available to the public on the Company's website www.italmobiliare.it in the “Governance/Shareholders’ Meeting” section (https://www.italmobiliare.it/en/governance/shareholders-meeting) and on the “eMarket Storage” platform at www.emarketstorage.com and it will be published tomorrow as an excerpt on daily newspapers.

The Board of Directors Report on all items in the agenda is also available to the public at the Company’s registered office, on the Company's website www.italmobiliare.it in the “Governance/ Shareholders’ Meeting” section (https://www.italmobiliare.it/en/governance/shareholders-meeting), and on the “eMarket Storage” platform at www.emarketstorage.com.

The proxy forms to attend the meeting, also through the Appointed Representative according to article 135 – undecies of the Consolidated Law on Finance, are also available in the same section of the Company's website and at the Company’s registered office.

Those entitled to vote at the ITALMOBILIARE S.p.A. (the “Company”) Shareholders' Meeting are hereby called to attend the Ordinary Shareholders' Meeting at a single calling on April 17, 2025, at 10.30 a.m., at the Intesa Sanpaolo Meeting Room, Piazza Belgioioso 1, Milan, to resolve on the following

Agenda

1. Financial statements for the year ended December 31, 2024.
2. Allocation of the profit for the year and distribution of the dividend.
3. Report on the Remuneration Policy and on the Compensation Paid, pursuant to art. 123-ter of the Consolidated Law on Finance: remuneration policy for 2025.
4. Report on the Remuneration Policy and on the Compensation Paid, pursuant to art. 123-ter of the Consolidated Law on Finance: consultation on the compensation paid in 2024.
5. Authorisation to buy and sell treasury shares, subject to revocation of the authorisation given by the Ordinary Shareholders' Meeting held on April 23, 2024.

The complete Notice of Call published on March 14, 2025 in the “Governance/ Shareholders’ Meeting” section of the Company’s website at www.italmobiliare.it/en (https://www.italmobiliare.it/en/governance/shareholders-meeting) and made available on the “eMarket Storage” platform at www.emarketstorage.com provides information related to a shareholder’s eligibility to participate in the Shareholders’ Meeting and exercise the right to vote, also through the representative appointed by the Company pursuant to art. 135-undecies of Consolidated Law on Finance, along with all other information required by law.

Italmobiliare closes another positive year: growth in turnover (+19.7%) and ebitda (+58.5%) at consolidated level. Cash reserves up to 273.8 million. Proposed dividend of 0.90 euro per share.

• At a consolidated level, the Group's turnover grew to 701.4 million euro (+19.7% compared with 2023) and gross operating profit (EBITDA) increased to 157.2 million (+58.5%).
• At an aggregate level, the revenue of the Industrial Portfolio Companies exceeds 1.5 billion euro, reaching 1,562 million (+8.6% compared with 1,438 million in 2023), with EBITDA rising to 219.3 million (+5%). In detail:
  • In the food sector, Caffè Borbone closed 2024 with revenue increasing to 334.5 million euro (+11.4%) and EBITDA equal to 67.5 million. Capitelli performed well, with revenue of 23.2 million (+3.7%) and EBITDA growing by 15.1% to 4 million.
  • Officina Profumo-Farmaceutica di Santa Maria Novella performed very positively, with revenue growing to 70 million euro (+24.6%) and EBITDA increasing to 19.2 million (+22.1%).
  • CDS-Casa della Salute continues its development trajectory through new openings and targeted acquisitions, closing the financial year with revenue and EBITDA both up 48%, to 63.2 and 7.5 million euro respectively.
  • Italgen, the Group's green energy company, closes a record year in terms of both production and profitability, with revenue and EBITDA increasing to 66.8 million and 31.9 million respectively.
  • SIDI reaps the first fruits of the brand relaunch process started with the entry into the Italmobiliare Group and closes the financial year with revenue up 33.1% to 31.7 million euro and a positive EBITDA of 0.4 million euro, up by 3.1 million euro.
• At December 31, 2024, the NAV of Italmobiliare S.p.A. has risen to 2,215.8 million euro. NAV per share is equal to 52.4 euro and, considering the distribution of dividends of 3 euro per share, records a positive performance of 6.4% compared with the figure at December 31, 2023.
• After the distribution of dividends for 126.9 million during the financial year, the net financial position of Italmobiliare S.p.A. is positive and equal to 273.8 million euro, an improvement of 69.5 million euro compared with 204.3 million at December 31, 2023, mainly due to the sale of shareholdings for approximately 150 million and the dividends collected from the investee companies.
• CDP Worldwide has raised Italmobiliare’s climate rating to A-, a result that rewards the decarbonisation strategy adopted in line with the Science Based Targets initiative.

The Board of Directors will propose to the next Shareholders' Meeting the distribution of a dividend of 0.90 euro per share.

Milan, March 6, 2025 – Today the Board of Directors of Italmobiliare S.p.A. reviewed and approved the consolidated financial statements and the draft separate financial statements of the Company at December 31, 2024. In light of the year's good results but considering the rapid evolution of an increasingly challenging geopolitical context, the Board of Directors will propose the distribution of a dividend of 0.90 euro per share (+12.5% compared to the ordinary dividend distributed in 2023, which was 0.80 euro per share).

In 2024, the Italmobiliare Group records positive trends linked to the development of its portfolio companies. At a consolidated level, the Group's turnover stands at 701.4 million euro, up 19.7% compared with 2023. The increase is mainly attributable to the excellent performances of Caffè Borbone, CDS - Casa della Salute, Officina Profumo-Farmaceutica di Santa Maria Novella, Italgen and SIDI Sport. Gross operating profit amounted to 157.2 million euro, 58.5% up on the same period last year.

Excluding treasury shares, Italmobiliare's Net Asset Value is equal to 2,215.8 million euro (2,201.4 million euro at December 31, 2023). NAV per share is equal to 52.4 euro and, considering the distribution of dividends of 3 euro per share, records a positive performance of 6.4% compared with the figure at December 31, 2023.

With regard to the valuation of the portfolio investments, it should be recalled that in February 2024 the stake in AGN Energia was sold, with a capital gain in the separate balance sheet of Italmobiliare S.p.A. of approximately 40 million euro and a money-on-money return of 1.8x. It should also be noted that during the year the financial investments in CRM Casa della Piada and FiberCop were realized.

Italmobiliare S.p.A. closed its 2024 financial statements with a profit of 104.8 million euro, more than double the 51.6 million euro of 2023, with an EBITDA of 105.1 million (+55.3% compared with 67.7 million in 2023), growing thanks also to the realization of the portfolio investments mentioned above. At December 31, 2024, Italmobiliare S.p.A.'s net financial position is positive and equal to 273.8 million euro, an improvement of 69.5 million euro compared with 204.3 million at December 31, 2023.

“In a challenging and constantly changing competitive context, Italmobiliare continues its development path with revenue and gross operating profit growing at consolidated level thanks to the good performance of the Group's main industrial platforms – commented Carlo Pesenti, CEO of Italmobiliare –. In 2025, we will focus on further developing our diversified portfolio of Italian industrial excellence, on the one hand supporting our companies in carefully monitoring production chains and international distribution channels, on the other hand providing them with the tools and resources necessary to intensify the path of organic and inorganic growth.”

CDP Worldwide, an international non-profit organization that collects and analyses environmental information from nearly 25,000 companies worldwide, has raised Italmobiliare’s climate rating to A-, an increase of three notches compared with the Holding Company’s previous rating. The result rewards the decarbonisation strategy adopted by Italmobiliare in line with the Science Based Targets initiative, which the Holding has adhered to by taking a commitment to halve its greenhouse gas emissions by 2030 and reaching net zero by 2050.

“In 2024 – underlines the Chairman, Laura Zanetti – we continued the path towards the net-zero emissions target by 2050, with a climate strategy aligned with the Paris Agreement, thanks to the guidance of the Science Based Targets initiative, which has already validated the targets of Italmobiliare, Italgen and Officina Profumo-Farmaceutica di Santa Maria Novella and is evaluating the proposals of the other Portfolio Companies. Furthermore, we have multiplied our efforts on all other strategic lines, from the promotion of a solid safety culture starting from management leadership to the development of human capital through professional growth, inclusion and gender equality. All this is based on solid governance, built on the highest global references, including the UN Global Compact, extended to the entire value chain.” 

Milan, December 17, 2024 – Carlo Pesenti resigned today as General Manager, but will continue to serve as the Company's Chief Executive Officer, maintaining full operational management and retaining his current powers, in addition to the new dual mandate granted to him by today's meeting of the Board of Directors to ensure full ESG integration in all phases of Italmobiliare's investments and to explore the initiatives to be undertaken to promote the international expansion of Italmobiliare and its subsidiaries.

At today's meeting, the Board of Directors of Italmobiliare S.p.A. acknowledged the decision communicated by Carlo Pesenti, which will take effect from January 1, 2025.

The Board of Directors resolved to assign the administrative powers previously held by the General Manager to the Head of Administration and Control and Financial Reporting, Mauro Torri.

Following a preliminary review by the Remuneration and Nominations Committee and after consulting the Committee for Transactions with Related Parties, the Board of Directors:

1. having taken note of Mr. Pesenti's decision to go into retirement, it being understood that December 31, 2024 will be his last day of employment;
2. having verified that Mr. Pesenti has accrued rights to participate in the short-term incentive system for the current financial year (MBO 2024), the disbursement of which will take place on approval of the draft 2024 budget, if the conditions are met;
3. having ascertained that Mr. Pesenti will retain the rights to participate in the 2023-2025 Phantom Stock Grant Plan assigned to him on May 10, 2023, the entitlements of which – if the conditions are met – will be paid in application of the specific provisions of the Plan, at the end of the reference period with the approval of the draft 2025 financial statements.

Mr. Pesenti will be paid the severance pay accrued in accordance with the provisions of law and his employment contract and he will maintain the non-monetary benefits associated with the position of CEO. No severance pay has been awarded to Mr. Pesenti in addition to the compensation provided by law and by contract.

These decisions were taken by the Board of Directors in accordance with the provisions of the Remuneration Policy adopted by Italmobiliare, as explained in the Report on the Remuneration Policy prepared pursuant to art. 123-ter of the Consolidated Law on Finance and approved by the Shareholders' Meeting held on April 23, 2024.