INTRED S.P.A.: the strong growth in turnover continues, reaching 23.0 million euro in the first half of 2022 (+ 21% compared to 1h2021). The fiber network grows by 15% and exceeds 8,300 km. FTTH connections activated for over 1,700 schools in Lombardy region.

Press Release

INTRED S.P.A.: THE STRONG GROWTH IN TURNOVER CONTINUES, REACHING 23.0 MILLION EURO IN THE FIRST HALF OF 2022 (+ 21% COMPARED TO 1H2021)

THE FIBER NETWORK GROWS BY 15% AND EXCEEDS 8,300 KM

FTTH CONNECTIONS ACTIVATED FOR OVER 1,700

SCHOOLS IN LOMBARDY REGION

Brescia, 04 August 2022 - The Board of Directors of Intred S.p.A. ("Intred" or the "Company"), a telecommunications operator listed on the EGM market of Borsa Italiana (ITD.MI) since July 2018, met today and reviewed the unaudited turnover as at 30 June 2022, which amounted to € 23.0 million, up 21% compared to the same period last year.

Daniele Peli, Co-Founder and CEO of Intred S.p.A., commented: "The continuous growth of Intred's revenues, also in the first half of 2022, is a source of great satisfaction, as it means that the direction taken by the Company is the correct one. Since the beginning of the year, the company has dedicated itself with great strength to the development of the fiber optic network throughout the Lombardy region and to the activation of FTTH users, with a particular focus on the School Announcement which has reflected on the increase in km of fiber of our property. Based on these results and on the visibility provided by the activation plan relating to the Call for Schools, we are confident that we will be able to maintain the same growth trend throughout the year".

The increase in turnover was mainly driven by sales of ultra-wideband connections, which amounted to € 13.2 million, up 47% on the same period last year.

Going into detail, the most significant growth was reported in services with recurring fees, the company's core business, which account for 86% of turnover, equal to € 19.4 million, an increase of 11%. Revenues from so-called"one-off" products and services increased by almost 194% to € 3.2 million, mainly as a result of the call for tenders for schools.

In terms of geography, the most significant increases, in absolute value, are recorded in the provinces of Milan (+98%), Monza (+91%), Lecco (+77%), Cremona (+76%), Como (+73%) and Bergamo (+24%).

The call for tenders for schools is strongly pushing the expansion of sales in provinces where the company had a limited presence.

In terms of infrastructure, in the first half of 2022, the company's own fibre-optic network increased from over 7,300 km as of 31 December 2021 to over 8,300 km as of 30 June 2022, with a percentage increase of 15%.

In terms of the type of customer, the greatest growth comes from sales to the Public Administration, with a rise of 384%, thanks to the effects of the call for tenders for schools, which alone is worth € 3.3 million and to which significant resources have been allocated, leading to the activation of over 1,700 schools as of 30 June 2022.

The expansion in the number of users with data lines continues, reaching more than 46,000 at 30 June 2022, up 5% compared to the same period last year.

The "churn rate" on turnover remains excellent at 4.7%.

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Il presente comunicato stampa è online su www.1info.ite sul sito internet dell'Emittente www.intred.it(sezione Investitori / Comunicati Stampa Price Sensitive).

Intred

Reference telecommunications operator in Lombardy founded in 1996 by Daniele Peli, the company's current Chairman and CEO, and listed on the Italian Stock Exchange EGM market since 2018 (symbol: ITD.MI). With an optic fibre network of over 8,000 km, Intred provides business and retail customers with broadband and ultra- broadband connectivity, fixed access wireless, landline telephone services, cloud services and related services. The direct management of the infrastructures allow efficiency, profitability, quality of service and a guaranteed and extremely high level of assistance. Its high-value assets and consolidated, highly scalable business model, combined with a turnover of € 23 million as at 30 June2022, make Intred an ideal infrastructure technology partner with a full range of high-quality, reliable and secure solutions. www.intred.it

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Banca Profilo S.p.A.	CDR Communication
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Investor Relation Intred	Media Relation
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