Page 1

• ITALMOBILIARE INVESTMENT HOLDING PRESS RELEASE ADDITIONAL PERIODIC INFORMATION AT MARCH 31 , 2021 EXAMINED BY THE BOARD OF DIRECTORS ITALMOBILIARE : > > > The first quarter of 2021 closes with decidedly positive results for the Portfolio Companies , albeit in a situation that is still very complex . - Further significant growth for Caffè Borbone ; Tecnica Group starts showing a relevant improvement in its results compared with 2020 , even higher than in 2019 . - Growing revenue for the other companies ( Italgen , Capitelli , Autogas- AGN Energia , Iseo ) , with the exception of Officina Profumo- Farmaceutica di Santa Maria Novella , which saw its retail turnover slowed by the limitations caused by the pandemic . - - The " small cap growth " companies that joined the portfolio at the end of 2020 ( Casa della Salute and Callmewine ) are both demonstrating their growth potential , with growth rates higher than 60 % . In light of these trends , at a consolidated level , the quarter closed with an increase in revenue to 115.6 million euro ( 86.7 million in the first quarter of 2020 ) and with an improvement in gross operating profit ( EBITDA ) of 39 million euro ( compared with a loss of 6 million euro in March 2020 ) . Italmobiliare's Net Asset Value at the end of March amounted to 1,871.1 million euro , an increase of 32.9 million compared with December 31 , 2020 ( 1,838.2 million ) , mainly due to the increase in the fair value of the investment in HeidelbergCement ( +19.8 million euro ) , of other listed equity investments ( +5.5 million ) and of the private equity funds . The net financial position of Italmobiliare SpA at the end of March was positive for 356.4 million euro ( 387.2 million at the end of 2020 ) , a reduction taking into account the investments made as co - investor of the Clessidra Capital Partner 3 fund in the acquisition of Botter SpA ( -36 million euro ) and in private equity funds ( -15.6 million ) , partially offset by the sale of HeidelbergCement shares ( +25.4 million ) . > The sale of Sirap's main assets in Italy , Poland and Spain was finalised in the first few months of 2021 on the basis of an enterprise value of approximately 162 million and the sale of the Petruzalek Group and Sirap GmbH on the basis of an enterprise value of 12 million . ***** Milan , May 11 , 2021 - Today the Board of Directors of Italmobiliare S.p.A. approved the additional periodic financial reporting at March 31 , 2021 .