Page 1

GROWENS PRICE SENSITIVE PRESS RELEASE The Board of Directors approved the consolidated half - year report as of 30 June 2021 Consolidated REVENUES of EUR 33.7M , + 6.3 % Consolidated EBITDA of EUR 2.4M , + 10.6 % Consolidated NET EARNINGS of EUR 0.3M , -26.2 % Consolidated NET CASH POSITION of EUR 1.6M , versus EUR 2.5M as of 31 December 2020 Milan , 14 September , 2021 - Growens S.p.A. - ticker GROW - ( the " “ Company ” or the “ Issuer ” or “ Growens ” ) , a company admitted to trading on the multilateral trading facility AIM Italia and operating in the cloud marketing technology field , has announced today that the Board of Directors passed a resolution to approve the consolidated report for the six - month period ended on 30 June 2021 , prepared in compliance to international accounting standards ( IAS / IFRS ) . Consolidated figures show a significant growth , 6.3 % for 1H 2021 sales at 33.7M EUR vs. 31.7M EUR in 1H2020 ; and + 10.6 % for 1H 2021 EBITDA at 2.4M EUR vs. 2.2M EUR in 1H 2020 . " We are particularly pleased with the half - year results which confirm the resilience of our business and the strategic choice to focus on growing the SaaS component and increase the marginality of the CPaaS component . " Matteo Monfredini , Chairman and founder of Growens " The first half of 2021 shows sound global business recovery , especially in its most recent months . We keep the focus on execution , with a view to both organic and external growth . From the M & A standpoint , we are currently engaged on several opportunities , aiming at integrating one or more SaaS companies . As per financial communication , we introduced and developed a few new elements , in order to foster an easier and more immediate comprehension of our results , in line with international standards . In detail , we adopted a new representation of revenues , split into the SaaS and CPaaS strategic business units , and we started to disclose the main KPIs for our businesses . " 1