Isagro S p A : ACQUISITION OF PHOENIX-DEL

PRESS RELEASE

CLOSING OF PHOENIX-DEL ACQUISITION

Milan, October 14th, 2020 - Isagro S.p.A. communicates that today the Closing of the acquisition - already announced on last September 17th - of 100% of Phoenix-Del S.r.l. capital stock was finalized.

The value of the transaction amounts to 3.6 Euro million, out of which 3.1 million paid today and 0.5 million to be paid in 2023 subject to the achievement of certain commercial objectives.

"This first acquisition for the new business model of Isagro, based on the growth also through external lines in the segments of copper-based fungicides and biosolutions, will allow the generation of important industrial and commercial synergies" said Giorgio Basile, President and CEO of Isagro.

Further details of the transaction were not disclosed.

About Isagro

Isagro S.p.A., an independent company born in 1993 with Montecatini/Montedison origin, is listed on the Milan Stock Exchange since 2003. Initially based on the discovery and development of new chemical molecules, the last one being Fluindapyr, the Company leads today a Group offering agricultural solutions at low environmental impact, with a growth project focused on Copper-based products and Biosolutions as part of its new business model aimed also at capitalizing on the current product portfolio qualified for an integrated crop management.

In 2014 Isagro issued Growth Shares, an innovative category of special shares specifically conceived for companies having a Controlling Subject. Main characteristics of Growth Shares are the absence of voting rights, an extra-dividend vs. Ordinary Shares (20% in the case of Isagro) and the automatic conversion into Ordinary Shares in the ratio 1:1 in any case of loss of controlling stake by the Controlling Subject and/or of Compulsory Public Offer.

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Ruggero Gambini	Erjola Alushaj
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