Indel B S p A : Buy back

Press release

Notification share buy-back

Sant'Agata Feltria (Rimini), 13 January 2022 - Indel B S.p.A. - a company listed on the Borsa Italiana EXM and parent of a group that operates in the manufacture of cooling systems and air-conditioning for mobile and mobile living for the automotive, hospitality and leisure time markets (pleasure boats and recreational vehicles) - under the buyback program of treasury shares announced to the market on May 21, 2021 and approved by the Board of Directors on June 18, 2021 up to n. 125,000 ordinary shares - according to the provision and for the purpose of Article 5 of Regulation (EU) 596/2014 and Article 2, paragraph 3, of the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 - announces to have acquired on the on the Euronext Milan (EXM), organized and managed by Borsa Italiana S.p.A., in the period from 07th January 2022 to 13th January 2022 both total n. 2,300 of treasury shares (corresponding to 0.039% of the total number of ordinary shares), at a weight average price of Euro 25.7727 for a total counter-value of Euro 59,277.30.

On the basis of information provided by Banca IMI, the authorized intermediary in charge of carrying out the buyback transactions described in this present press release, here below is a summary of the daily transactions, in aggregate form:

DATE	NUMBER ORDINARY	AVERAGE PRICE (EUR)	TOTAL AMOUNT (EUR)
SHARES PURCHASED
01/07/2022	300	26.4510	7,935.30
01/10/2022	800	25.7275	20,582.00
01/11/2022	100	25.6000	2,560.00
01/12/2022	300	25.8000	7,740.00
01/13/2022	800	25.5750	20,460.00
TOTAL	2,300	25.7727	59,277.30

Detailed and daily information about the buyback transactions carried out in the above-mentioned period is attached to this press release.

Further to the buyback transactions above, the treasury shares held by the Company amount to n. 163,641.

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This press release is available to the public at the Company's registered office, at Borsa Italiana, on the storage mechanism authorised by Consob "1info" (www.1info.it) and in the specific sections of the website www.indelbgroup.com.

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Indel B Spa - Registered, administrative and commercial offices via Sarsinate, 27 - 47866 Sant'Agata Feltria (RN) Italy

Tel. [phone] - Fax [phone] - [e-mail]- www.indelbgroup.com

Share capital Euro 5,842,000 fully paid-in - Economic and Administrative Index (REA) RN - 312757 - Companies House - VAT no./tax

code 02037650419 - Code of International Standard Organization IT02037650419

Indel B S.p.A. is a company listed on the EXM segment of the Italian stock exchange and is controlled by AMP.FIN S.r.l., in turn held entirely by the Berloni family. Indel B S.p.A. heads an important Group that operates worldwide and has been active for the last 50 years in the mobile cooling sector applicable to the Automotive, Leisure time and Hospitality cooling segments. The Group also operates in mobile climate control, with specific reference to the Automotive market, represented by commercial vehicles, minibuses, ambulances, agricultural and earth-moving machinery, and in the Cooling Appliances sector, which mainly comprises cellars for storing wine and small refrigerators for storing milk. The company has a market cap of approximately Euro 149 million.

Contact details

INDEL B	POLYTEMS HIR	FAST-COM
Controller & IR	IR e Comunicazione Finanziaria	Media Relations
Elisabetta Benazzi	Bianca Fersini Mastelloni	Paolo Santagostino
[phone]	+39 06.69923324; [phone]	[phone]
[e-mail]	[e-mail]	[e-mail]

2

Attached
Fill ID	Fill Date	Fill Time	B/S	Country	Market	Security Ref.	Fill Price	Fill Qty
27OSl1vRJ	07/01/2022	16:00:00.805.039	Buy	IT.ico	MTA	INDB	26,50	53
27OSl1tdl	07/01/2022	15:08:44.586.802	Buy	IT.ico	MTA	INDB	26,50	100
27OSl1rj6	07/01/2022	14:07:41.826.166	Buy	IT.ico	MTA	INDB	26,40	34
27OSl1rj5	07/01/2022	14:07:41.826.166	Buy	IT.ico	MTA	INDB	26,40	13
27OSl1qYp	07/01/2022	13:06:40.740.989	Buy	IT.ico	MTA	INDB	26,40	100
27v82Q01G	10/01/2022	17:16:07	Buy	IT.ico	MTA	INDB	25,70	31
27v82Q01F	10/01/2022	17:16:07	Buy	IT.ico	MTA	INDB	25,70	372
27v82Q01E	10/01/2022	17:16:07	Buy	IT.ico	MTA	INDB	25,70	15
27v82Q01D	10/01/2022	17:16:07	Buy	IT.ico	MTA	INDB	25,70	2
27v82Q01C	10/01/2022	17:16:07	Buy	IT.ico	MTA	INDB	25,60	20
27v82Q01B	10/01/2022	17:16:07	Buy	IT.ico	MTA	INDB	25,60	60
27v82Q01A	10/01/2022	17:16:07	Buy	IT.ico	MTA	INDB	25,60	100
27v82PjTk	10/01/2022	12:09:20	Buy	IT.ico	MTA	INDB	25,90	200
28618DBbz	11/01/2022	17:13:02.712.956	Buy	IT.ico	MTA	INDB	25,60	100
28GuE0aPi	12/01/2022	17:35:41	Buy	IT.ico	MTA	INDB	25,80	19
28GuE0aPj	12/01/2022	17:35:41	Buy	IT.ico	MTA	INDB	25,80	24
28GuE0aPk	12/01/2022	17:35:41	Buy	IT.ico	MTA	INDB	25,80	50
28GuE0aPl	12/01/2022	17:35:41	Buy	IT.ico	MTA	INDB	25,80	206
28GuE0aPm	12/01/2022	17:35:41	Buy	IT.ico	MTA	INDB	25,80	1
28RnJnkb9	13/01/2022	17:30,9	Buy	IT.ico	MTA	INDB	25,40	100
28RnJnjBb	13/01/2022	51:08,2	Buy	IT.ico	MTA	INDB	25,60	26
28RnJnjBa	13/01/2022	51:07,6	Buy	IT.ico	MTA	INDB	25,60	400
28RnJnjBZ	13/01/2022	51:07,6	Buy	IT.ico	MTA	INDB	25,60	16
28RnJnjBY	13/01/2022	51:07,6	Buy	IT.ico	MTA	INDB	25,60	85
28RnJnjBX	13/01/2022	51:07,6	Buy	IT.ico	MTA	INDB	25,60	173

Indel B Spa - Registered, administrative and commercial offices via Sarsinate, 27 - 47866 Sant'Agata Feltria (RN) Italy

Tel. [phone] - Fax [phone] - [e-mail]- www.indelbgroup.com

Share capital Euro 5,842,000 fully paid-in - Economic and Administrative Index (REA) RN - 312757 - Companies House - VAT no./tax

code 02037650419 - Code of International Standard Organization IT02037650419