Disclosure

The Admission Document, the operation described, and all other information contained therein are not to be considered an “offer to the public” nor an admission of financial instruments on a regulated market as defined by Legislative Decree No. 58 of February 24, 1998 (the Consolidated Finance Act, or “CFA”). Therefore, it is not necessary to prepare a prospectus in the form specified by Delegated Regulation (EU) 2019/980 of the European Commission of March 14, 2019, which supplements Regulation (EU) 2017/1129 of the European Parliament and of the Council. Therefore, the Admission Document is not a prospectus, and its publication does not need to be authorized by CONSOB pursuant to Regulation (EU) 2017/1129 or any other law or regulation governing the preparation and publication of prospectuses pursuant to articles 94 and 113 of the CFA, including the issuers’ regulation adopted by CONSOB with motion no. 11971 of May 14, 1999, as subsequently amended and supplemented.

The information contained in this section of the website is circulated in accordance with Articles 17 and 26 of the AIM Issuers’ Regulation.

This section of the website, the Admission Document and all other disclosure contained in subsequent pages may not be accessed by those who:

1) are domiciled and/or are located currently in the United States of America, Australia, Japan, Canada or in any other country where the circulation of the Admission Document and/or such information requires the approval of the local relevant authorities or is in violation of local rules or regulations (“Other Countries”);

2) are “U.S. Persons”, according to the definition of regulation S of the United States Securities Act of 1933, as subsequently amended, or parties acting on their behalf or for their benefit, without appropriate registration or a specific waiver to the registration required by the United States Securities Act and applicable regulations.

“U.S. Persons” as defined above may not access this section of the website, nor store and temporarily or permanently save the Admission Document or any other disclosure contained in this section of the website. The information contained in this section of the website may not be copied or forwarded. The Admission Document and any other disclosure contained in this section of the website may not for any reason or in any circumstance be circulated, directly or through third parties, to those parties defined at points 1) and 2) above and in particular in the United States, in Australia, in Japan, in Canada and in the Other Countries.

Information contained in this website (or in any other website with which this website has hypertext links) does not constitute a bid, an invitation to offer or a promotional activity in relation to the Shares with regard to any citizen or resident person of the United States of America, Australia, Japan, Canada, or any other country. The Shares of the Company are not and will not be subject to registration, pursuant to the United States Securities Act of 1993, as modified, or by any regulatory authority of any state or other jurisdiction of the United States of America and may not be offered or sold within the United States of America or on behalf of, and for the benefit of, a “U.S. Person”, as defined above, in the absence of such registration or the express exemption from this requirement, or In Australia, Japan, Canada or in Other Countries.

Non-compliance with this provision may constitute a violation of the United States Securities Act or the applicable regulation in other jurisdictions.

Regulation S of the United States Securities Act of 1933, as amended, defines a “U.S. Person” as: (1) Any natural person resident in the United States; (2) Any partnership or corporation organized or incorporated under the laws of the United States; (3) Any estate of which any executor or administrator is a U.S. person; (4) Any trust of which any trustee is a U.S. person; (5) Any agency or branch of a foreign entity located in the United States; (6) Any non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. person; (7) Any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or (if an individual) resident in the United States; and (8) Any partnership or corporation if: (i) Organized or incorporated 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 Act, unless it is organized or incorporated, and owned, by accredited investors (as defined in Rule 501(a)) who are not natural persons, estates or trusts.

To access this section of the website, the Admission Document and any other information contained in the following pages, I declare in good faith to not to be domiciled, nor presently located, in the United States of America, Australia, Japan, Canada or in the Other Countries and not to be a “U.S. Person” as defined by regulation S of the United States Securities Act of 1933, as subsequently amended.