The Admission Document, the transaction described therein, and any other information contained therein do not constitute a “public offer” nor admission of financial instruments to a regulated market as defined by Legislative Decree 24 February 1998, n. 58 (“TUF”), and therefore it is not necessary to prepare a prospectus according to the schemes provided by Commission Delegated Regulation (EU) 2019/980 of March 14, 2019, supplementing Regulation (EU) 2017/1129 of the European Parliament and of the Council. Therefore, the Admission Document does not constitute a prospectus, and its publication is not subject to authorization by CONSOB pursuant to Regulation (EU) 2017/1129 or any other rule or regulation governing the preparation and publication of prospectuses under articles 94 and 113 of the TUF, including the issuers’ regulation adopted by CONSOB with resolution no. 11971 of May 14, 1999, as subsequently amended and supplemented.

The information contained in this section of the website is disseminated in compliance with articles 17 and 26 of the Euronext Growth Milan Issuers’ Regulations.

This section of the website, the Admission Document, and any other information contained on the following pages are not accessible to persons who:

1. Are domiciled and/or currently located in the United States of America, Australia, Japan, Canada, or any other country where the dissemination of the Admission Document and/or such information requires approval by the relevant local authorities or is in violation of local laws or regulations (“Other Countries”);
2. Are “U.S. Persons” as defined in the Regulations under the United States Securities Act of 1933, as subsequently amended, nor to persons acting on their behalf or for their benefit without the existence of appropriate registration or a specific exemption from registration under the United States Securities Act and the applicable regulations.

“U.S. Persons,” as defined above, are precluded from accessing this section of the website, temporarily or permanently storing the Admission Document, and any other information contained in this section of the website. The information contained in this section of the website cannot be copied or forwarded. For no reason and under no circumstances is it permitted to circulate, directly or through third parties, the Admission Document and any other information contained in this section of the website to persons in the conditions described in points 1) and 2) above, particularly in the United States, Australia, Japan, Canada, or Other Countries.

The information contained on this website (or any other website with hyperlinks to this website) does not constitute an offer, invitation to offer, or promotional activity in relation to the Shares towards any citizen or resident of the United States, Australia, Japan, Canada, or Other Countries. Furthermore, the Company’s Shares are not and will not be registered under the United States Securities Act of 1993, as amended, or with any regulatory authority of any state or other jurisdiction of the United States, and they may not be offered or sold in the United States or to, or for the account or benefit of, a “U.S. Person,” as defined below, in the absence of such registration or an express exemption from such requirement, or in Australia, Japan, Canada, or Other Countries.

Failure to comply with this provision may result in a violation of the United States Securities Act or the applicable regulations in other jurisdictions.

The Regulations under the United States Securities Act of 1933, as subsequently amended, define “U.S. Person” as: (1) any natural person resident in the United States; (2) partnerships and corporations organized and existing under the laws of the United States; (3) any estate of which any executor or administrator is a “U.S. Person”; (4) trusts of which any trustee is a “U.S. Person”; (5) any agency or branch of a foreign entity located in the United States; (6) non-discretionary accounts; (7) other similar accounts (other than estates or trusts), held or managed on a fiduciary basis for the benefit of a “U.S. Person”; and (8) partnerships and corporations if (i) organized and existing under the laws of any foreign jurisdiction; and (ii) formed by a “U.S. Person” principally for the purpose of investing in securities not registered under the United States Securities Act of 1933, as amended, unless they are organized or incorporated and owned by accredited investors (as defined in Rule 501(a) of the United States Securities Act of 1933) who are not natural persons, estates, or trusts.

To access this section of the website, the Admission Document, and any other information contained on the following pages, I declare under my full responsibility that I am not domiciled nor currently located in the United States of America, Australia, Japan, Canada, or Other Countries, and that I am not a “U.S. Person” as defined in Regulation S under the United States Securities Act of 1933, as amended.