ASTM S p A : The Ordinary Annual General Meeting met today. The Annual General Meeting of ASTM approved the Financial Statements for the Fiscal Year as at 31 December 2020; approved, considering the scenario of extreme uncertainty due to the persistence of the Covid-19 pandemic, the allocation of the Profit for the Year to reserves; appointed the Chairman of the Board of Statutory Auditors and an Alternate Auditor.

PRESS RELEASE

THE ORDINARY ANNUAL GENERAL MEETING MET TODAY

The Annual General Meeting of ASTM

• Approved the Financial Statements for the Fiscal Year as at 31 December 2020;
• Approved, considering the scenario of extreme uncertainty due to the persistence of the Covid-19 pandemic, the allocation of the Profit for the Year to reserves;
• Appointed the Chairman of the Board of Statutory Auditors and an Alternate Auditor.

Tortona, 29 April 2021. The Annual General Meeting ("AGM") of ASTM S.p.A. met today under the presidency of Alberto Rubegni. In compliance with the extraordinary measures provided by current regulations with regard to the Covid-19 pandemic, the AGM was held with the intervention of members exclusively through the Designated Representative.

2020 Financial Statements

The AGM approved the Parent Company Financial Statements for the Fiscal Year as at 31 December 2020, which reported a Profit for the year of € 92.4 million, and took note of the Company's 2020 Consolidated Financial Statements and the Sustainability Report.

Allocation of Profit for the Fiscal Year

Regarding the allocation of the Profit for the year, the AGM, considering the scenario of extreme uncertainty due to the persistence of the Covid-19 pandemic and its consequent effects, in particular on the Cash Flow of the motorway sector, deliberated to allocate the Profit for the year of €92,435,618.55 to strengthen the Balance Sheet, attributing it entirely to the "Retained earnings" reserve.

Report on Remuneration Policy and Fees Paid

The AGM also approved the Remuneration Policy and the "Second Section" of the Report on the Remuneration Policy and Fees Paid.

Integration of the Board of Directors

After the resignation of Rosario Mazza from his role as Director, the Board of Directors appointed Stefano Mion as new Director on 4 September 2020. The Annual General Meeting today confirmed his cooptation.

Appointment of the Chairman of the Board of Statutory Auditors and of an Alternate Auditor

Lastly, the Shareholders' Meeting appointed, on the proposal of SGR and a group of Italian and foreign institutional investors, Mr. Andrea Bonelli as Chairman of the Board of Statutory Auditors and Ms. Luisa Marina Pasotti as Alternate Auditor.

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ASTM Group is a world leader in the management of motorway networks and in the design and construction of large infrastructural works. Present in over 20 countries and with approximately 13,000 employees, the Group's activities are focused on three main areas: management of motorway infrastructures (concessions), design and construction of major works (EPC - Engineering, Procurement and Construction) and technology applied to transport mobility. In the area of concessions, the Group is the second largest operator in the world in the management of motorway infrastructures with a network of approximately 4,500 km of network, of which more than 1,400 km in Italy, around 3,000 km in Brazil through the company EcoRodovias and 84 km in the United Kingdom through participation in Road Link. In 2020 ASTM Group reported the following consolidated results: €2.0 billion of Revenues, €548 million of EBITDA and Net profit of €109 million with a Net Financial Indebtedness of €849 billion.

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The Shares of ASTM SpA are listed on the Italian Stock Exchange.

Bloomberg: AT IM - Reuters: ATMI.MI - ISIN: IT0000084027

ASTM S.p.A.

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