Italy Innovazioni S p A : Ordinary shareolders meeting 26-28 February 2022

ITALY INNOVAZIONI S.P.A

Registered Office at Corso Di Porta Vittoria No. 13, MilanoShare Capital amounting

to EUR 3,823,190.00,

in Milano - Monza - Brianza - Lodi Companies' Register, No. 12807431007 VAT No. 12807431007 Administrative and Economic Index No. MI-2597251

Notice of call of the Ordinary Shareholders' Meeting

Shareholders are invited to attend the Ordinary Shareholders' Meeting of Italy Innovazioni S.p.A., on first call on 26 February 2022 at 5 p.m., c/o registered office of the Company located at Corso di Porta Vittoria, No. 13, Milano and, on second call on 28 February 2022 at 5 p.m., at the same location, to discuss and resolve on the following:

AGENDA

Ordinary Part

1. Determination of the number of members of the Board of Directors and their term of office;
2. Appointment of the Board of Directors;
3. Appointment of the Chairman of the Board of Directors;
4. Determination of the remuneration of the members of the Board of Directors.
   Regarding the current situation of epidemiological emergency from COVID-19 and in compliance with the fundamental principles of health protection, members, theDirectors, Statutory Auditors and other persons to whom the participation in the Shareholders' Meeting pursuant to the law and the Bylaws, may intervene in the Assembly by means of telecommunications which also guarantee the identification,in compliance with the provisions of art. 106, paragraph 2, of Decreto Legge 17 March 2020, n. 18, converted into Law with amendments by Law 24 April 2020, n.27, the effectiveness of which was last extended by Decreto Legge 31 dicembre 2020, n. 183 converted into Law with amendments by Law February 26, 2021, n. 21 ("Decreto Cura Italia"), without necessary the chairman and the secretary of the meeting must be in the same place. Interested parties may participate in the Assemblythrough Google Meet at: https://meet.google.com/pwu-robf-mhu.

RIHHT TO TAKE PART IN THE SHAREHOLDER'S MEETING AND

RAPRESENTATION - Shareholders with voting rights are entitled to attend the Shareholders' Meeting.

In accordance with Article 83-sexies of Legislative Decree No. 58/98, the right totake part in the Shareholders' Meeting and exercise the vote granted by the Company'sshares is subject to the Company receiving a notice issued by an intermediary authorized in accordance with current

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ITALY INNOVAZIONI S.P.A

Registered Office at Corso Di Porta Vittoria No. 13, MilanoShare Capital amounting

to EUR 3,823,190.00,

in Milano - Monza - Brianza - Lodi Companies' Register, No. 12807431007 VAT No. 12807431007 Administrative and Economic Index No. MI-2597251

legislation certifying the fact that the person in question holds shares in the Company on the basis of the accounts posted at the endof the accounting day of the seventh open market day prior to the date of the first call of the Shareholders' Meeting (i.e. 17 February 2022). Amounts receivable and payable recorded on the Company's accounts after that date are not relevant for the purpose of authorizing the person in question to exercise voting rights at the Shareholders'Meeting. Therefore, those who hold ordinary shares only after that date will not beentitled to attend and vote at the Meeting.

Intermediaries send notices to the Company in accordance with the current legislation. Intermediates' notices must reach the Company by the end of the third open market day preceding the date set for the Shareholders' Meeting. Theshareholder in question will, in any event, be entitled to take part and vote in the eventthat the said notices are received by the Company beyond the aforementioned term,provided that such notice is given before the start of the shareholders' meeting called with a single notice of call. There are no procedures for voting by correspondence or by electronic means.

VOTE BY PROXY - Any person entitled to take part in the Shareholders' Meeting can be represented by a proxy who has been delegated to do so with a written power of attorney in accordance with the provisions of Article 2372 of the Italian Civil Codeand Article 14 of the Articles of Association.

The explanatory report on the items on the agenda, which contains the full text ofthe proposals and resolutions, and the documents that will be submitted to the meeting will be at the shareholders' disposal at the registered office, as well as on the company's website.

Without prejudice to the delivery of the original proxy, the latter can be sent in advance by registered post to the Company's registered office or to the email address [e-mail].

Milano 1 February 2022

Italy Innovazioni S.p.A.	The Chairman of the Board of Directors
	Mr Giorgio Rende

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