Landi Renzo S p A : PR Conclusion of subscription period of Landi Renzo SpA share capital increase

CONCLUSION OF THE SUBSCRIPTION PERIOD OF LANDI RENZO S.P.A.

SHARE CAPITAL INCREASE:

95.805% OF THE NEW SHARES HAVE BEEN SUBSCRIBED, FOR AN

AMOUNT EQUAL TO EURO 57,123,963.92

Cavriago (RE), August 4, 2022 - Landi Renzo S.p.A. ("Landi Renzo" or the "Company"), announces that the end of the subscription period of a maximum of No. 112,500,000 newly issued ordinary shares of the Company with a nominal value of Euro 0.10 and with regular entitlement (the "New Shares"), arising from the capital increase resolved by the Extraordinary Shareholders' meeting held on April 29, 2022 (the "Capital Increase"), the final terms and conditions of the latter were determined by the Company's Board of Directors on July 11, 2022.

The New Shares were offered under option on the basis of the ratio of 1 New Share for every 1 ordinary share held by the Company's shareholders.

During the subscription period, which started on July 18, 2022 and ended today (the "Subscription Period"), total No. 107,781,064 option rights were exercised for the subscription of No. 107,781,064 New Shares, representing approximately 95.805% of the total New Shares, for a total amount equal to Euro 57,123,963.92.

The New Shares subscribed were credited to the accounts of the authorized intermediaries participating in the Monte Titoli S.p.A centralized management system, and their allocation was made by the authorized intermediaries participating in the Monte Titoli S.p.A centralized management system.

Therefore, at the end of the Subscription Period, No. 4,718,936 option rights remain unexercised (the "Unexercised Rights"), related to the subscription of No. 4,718,936 New Shares, representing approximately 4.195% of the total New Shares offered, for a total amount equal to approximately Euro 2,501,036.08.

The Unexercised Rights will be auctioned with ISIN code IT0005499527 on Euronext STAR Milan, pursuant to Article 2441, paragraph 3, of the Italian Civil Code, through Equita SIM S.p.A., during the trading sessions which will subsequently be communicated to the market in a timely manner and, in any case, within the month following the closing of the Subscription Period.

Moreover, the Company communicates that, to its knowledge, Green by Definition S.p.A. ("GBD"), company controlled by the Trust Landi, in compliance with the provisions set forth in the subscription undertaking assumed by the same (the "Subscription Undertaking"), subscribed in full its portion of the Capital Increase (equal to approximately 59,1068%), for a total amount equal to approximately Euro 35.2 million, as follows: for approximately Euro 17.1 million, by means of cash contribution, and, for approximately Euro 18.1 million, by means of voluntary set-off.

Stefano Landi, chairman of Landi Renzo has declared "We are very satisfied with the outcome of the capital increase. In a period of great uncertainty, the market has shown that it believes in the solidity of our business model, aimed at strengthening Landi Renzo's position as a key player in the global energy transition process.

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A robust and credible plan, which has already won the trust of banks and a of partner such as Itaca, and which builds its foundations on the growth in investments in gas, biomethane and hydrogen that we are recording globally. Thanks to the resources from the capital increase, the Group is now in the best position to pursue its ambitious growth plans."

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The prospectus relating to the offer under option to shareholders and the admission to trading of the New Shares, prepared among the first in Italy in accordance with the simplified disclosure regime pursuant to Article 14-bis of Regulation (EU) 2017/1129, has been published in accordance with applicable regulations and is available at the Company's registered office in Cavriago (RE), Via Nobel 2/4, as well as on the website www.landirenzogroup.com, Capital Increase section. The publication was disclosed to the public in the manner and within the terms of the law.

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This press release does not constitute an offer to sell or a solicitation of an offer to buy or subscribe for any securities. In particular, this press release and the information contained herein does not constitute an offer or solicitation to subscribe for or purchase any securities in the United States of America, Australia, Canada or Japan or any other country in which such an offer or solicitation is subject to authorisation by local authorities or otherwise prohibited by law. This announcement, any part of it or its distribution may not form the basis of, or be relied upon in connection with, any contract or investment decision. The securities referred to herein have not been, and will not be, registered in the United States of America under the United States Securities Act of 1933 (as amended) (the "Securities Act"), or in Australia, Canada or Japan or any other country in which such offer or solicitation is subject to authorization by local authorities or otherwise prohibited by law. The securities referred to herein may not be offered or sold in the United States of America or to U.S. persons unless they are registered under the Securities Act or there is an applicable exemption to registration under the Securities Act. Landi Renzo S.p.A. does not intend to register any offer in the United States of America. Any public offering will be made exclusively in Italy in accordance with applicable laws. This document does not constitute a prospectus within the meaning of Regulation (EU) 2017/1129. A prospectus for the purpose of admission to trading of the newly issued ordinary shares of Landi Renzo S.p.A. will be published in accordance with applicable regulations.

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Landi Renzo is the global leader in the natural gas, biomethane and hydrogen sustainable mobility and infrastructure sector. The Group stands out for its extensive presence at global level in over 50 countries, generating nearly 90% of its revenues abroad. Landi Renzo S.p.A. has been listed on the Euronext STAR Milan segment of Borsa Italiana since June 2007.

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For more information:

LANDI RENZO S.p.A. Paolo Cilloni CFO and Investor Relator [e-mail]

Media Contacts: Community [e-mail] Auro Palomba - 02 89404231 Roberto Patriarca - 335 6509568 Silvia Tavola - 338 6561460

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