Openjobmetis Agenzia per il Lavoro : The Board of Directors approves the results as of 31/12/2018

PRESS RELEASE

THE BOARD OF DIRECTORS APPROVES THE RESULTS AS OF 31/12/2018

FIRST CONTRIBUTION MARGIN ON THE RISE BY AROUND 4%

DUE TO THE CONTRIBUTION OF HIGHER ADDED VALUE SERVICES

THE DELEVERAGE PROCESS IS ONGOING WITH A NFP IMPROVING

BY AROUND 11 MILLION WITH RESPECT TO 2017

THE BOD RESOLVES TO PROPOSE TO THE SHAREHOLDERS' MEETING THE

ALLOCATION OF A DIVIDEND OF EURO 0,23 FOR EACH SHARE HELD

• • Revenues: €594.3 m +1.8% vs. 2017; Research and selection +43.0%, Outplacement +42.7%

• • EBITDA: stable €22.0 m vs. 2017; adjusted EBITDA €22.5 m vs. €22.2 m in 2017

• • Adjusted EBITDA also regarding non-monetary costs relating to the incentive plans € 22.8 m

• • EBIT: €18.9 m vs. €19.0 m in 2017; Adjusted EBIT: €19.4 m vs. €19.3 m in 2017

• • Profit: €12.4 m vs. 12.2 m in 2017; Adjusted profit: €13.1 m vs. € 12.8 m in 2017

• • Net Indebtedness: €24.2 m vs. €35.0 m of 31 December 2017

Milan, 14 March 2019 - The Board of Directors of Openjobmetis S.p.A. (Borsa Italiana: OJM), one of the leading Employment Agencies, listed on the Stock Market - STAR segment - managed by Borsa Italiana, has examined the Consolidated Financial Statements, and approved the Separate Draft Financial Statements as of 31 December 2018, both prepared on the basis of international accounting standards (IFRS) as set forth by the International Accounting Standard Board (IASB). Furthermore, the Board of Directors resolved upon calling the Shareholders' Meeting for 17 April 2019.

"Despite the uncertainties due to the European macroeconomic situation starting from the third quarter of 2018, and the regulatory changes that have involved our sector - as commented upon by the Managing Director of Openjobmetis, Rosario Rasizza - 2018 ended with an increasing turnover and an improvement in gross profit, tangible demonstration of the Company's commitment to pursuing a strategy aimed at increasing sales of higher value-added services such as Research and Selection, Training and Outplacement. From a financial standpoint, the sizeable deleverage process continued in 2018, which, despite the impact of the Buy Back, and the acquisitions completed during the year, totalling 5 million Euros, allowed for further financial improvement of the Group. Despite the cuts in GDP growth forecasts in European terms, the company is ready to face the year that has just begun with determination," concluded the Managing Director.

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Openjobmetis S.p.A. - AGENZIA PER IL LAVORO - Auth. Ref. No. 1111-SG of 26/11/2004 HEADQUARTERS AND OFFICES: Via Marsala, 40/C - Centro Direzionale Le Torri - 21013 Gallarate (VA) REGISTERED OFFICE: Via Generale Gustavo Fara, 35 - 20124 Milan

Tax Code - VAT Reg. and Milan Companies Register Registration No. 13343690155 - Share Capital € 13,712,000.00, fully paid-in

Telephone [phone] - Fax [phone] [e-mail]- www.openjobmetis.it

MAIN CONSOLIDATED ECONOMIC AND FINANCIAL RESULTS AS OF 31 DECEMBER 2018

Difference

thousands of €	2018	2017	%
Revenues	594,271	583,897	1.8%
First contribution margin	74,574	71,858	3.8%
EBITDA	22,013	22,027	(0.1%)
EBIT	18,878	19,030	(0.8%)
Profit (loss) for the financial
year	12,376	12,240	1.1%
NFP	24,201	35,021	(30.9%)
Net Equity	96,522	88,308	9.3%
INCOME STATEMENT

The Sales Revenue for the whole of the year 2018 amounted to €594.3 million, against €583.9 million in the previous year. The growth of 1.8% (€10.4 million) compared to 2017 is due to an increase in revenues related to temporary work, which went from € 576.2 million in the 2017 financial year to €585.5 million (+€9.3 million equal to 1.6%) in the 2018 financial year, and to a significant increase in revenues for research and selection of personnel (+43.0% compared to 2017) and Outplacement (+42.7% compared to 2017).

The First Contribution Margin in 2018 grew to €74.6 million compared to 71.9 million in the previous financial year. Expressed as a percentage of revenues, it was 12.5%, on the rise compared to 2017 (12.3%).

EBITDA stands at €22.0 million, in line with the 2017 result. In 2018, the EBITDA adjusted was €22.5 million, compared to €22.2 million the previous year. The adjusted EBITDA also regarding non-monetary costs relating to long-term incentive plans stood at €22.8 million compared to €22.5 million in 2017.

The EBIT at the end of 2018 stood at €18.9 million compared to €19.0 million in 2017. The adjusted EBIT increased to €19.4 million, compared to €19.3 million the previous year.

The 2018 financial year ended with a Net Profit of €12.4 million, on the rise compared to a net profit of € 12.2 million in the previous financial year. The adjusted net profit for the financial year came to €13.1 million, compared to an adjusted net profit of €12.8 million in 2017.

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Openjobmetis S.p.A. - AGENZIA PER IL LAVORO - Auth. Ref. No. 1111-SG of 26/11/2004 HEADQUARTERS AND OFFICES: Via Marsala, 40/C - Centro Direzionale Le Torri - 21013 Gallarate (VA) REGISTERED OFFICE: Via Generale Gustavo Fara, 35 - 20124 Milan

Tax Code - VAT Reg. and Milan Companies Register Registration No. 13343690155 - Share Capital € 13,712,000.00, fully paid-in

Telephone [phone] - Fax [phone] [e-mail]- www.openjobmetis.it

STATEMENT OF ASSETS AND LIABILITIES

Net Equity as of 31 December 2018 amounted to €96.5 million, an €8.2 increase compared to €88.3 million as of 31 December 2017.

The negative Net Financial Position of €24.2 million shows an improvement of €10.8 million compared to the negative net financial position as of 31 December 2017 of € 35.0 million.

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MAIN ECONOMIC AND FINANCIAL RESULTS OF THE 2018 FINANCIAL YEAR FROM THE SEPARATE FINANCIAL STATEMENTS OF OPENJOBMETIS S.P.A.

The revenues of Openjobmetis S.p.A. amounted to €587.4 million with an increase compared to the previous financial year with €578.1 million in revenues. The EBIT was €15.1 million compared to €14.7 million in 2017. Net profit was €12.8 million compared to a profit of €11.3 million in the previous year.

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PROPOSAL TO ALLOCATE THE PROFITS FOR THE FINANCIAL YEAR

Taking into account the development projects of the company, the Board of Directors proposed passing resolutions regarding the profit for the 2018 financial year as follows:

• • Allocation to the legal reserve of €639,110.21

• • Allocation to other reserves of €9,083,946.78

• • Allocation of a dividend to shareholders of €0.23 for each share held (excluding treasury shares equal to €411,360) giving a total of €3,059,147.20.

In addition, the Board of Directors will propose that the aforementioned dividend of €0.23 per share be paid, gross of tax withholding, starting from 8 May 2019, with coupon no. 1 set to 6 May 2019 and "record date" (date of entitlement to payment of the dividend itself, pursuant to art. 83-terdecies of Legislative Decree no. 58 of 24 February 1998 and art. 2.6.6, paragraph 2, of the Regulation of Markets Organised and Managed by Borsa Italiana S.p.A.) to 7 May 2019.

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MAIN SIGNIFICANT EVENTS OCCURRING DURING 2018 AND AFTER 31 DECEMBER 2018

On 24 April 2018, the Shareholders' Meeting approved the financial statements for the financial year ending on 31 December 2017 and appointed the new Board of Directors and the new Board of Statutory Auditors for the 2018-2020 financial years. In addition, the Shareholders' Meeting authorised the Board of Directors to purchase and dispose of treasury shares up to a maximum number not exceeding 5% of the share capital, pursuant to the combined provisions of arts. 2357 and 2357-ter of the Civil Code and of art. 132 of Legislative Decree no. 58 of 24 February 1998 .

On 24 April, the new Board of Directors confirmed Rosario Rasizza as the Managing Director, verified the satisfaction of the independence requirements by the members of the board of directors and board of statutory auditors, appointed the internal board committees and confirmed Alessandro Esposti as Manager in charge of the preparation of accounting documents and Investor Relator of the Company.

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Openjobmetis S.p.A. - AGENZIA PER IL LAVORO - Auth. Ref. No. 1111-SG of 26/11/2004 HEADQUARTERS AND OFFICES: Via Marsala, 40/C - Centro Direzionale Le Torri - 21013 Gallarate (VA) REGISTERED OFFICE: Via Generale Gustavo Fara, 35 - 20124 Milan

Tax Code - VAT Reg. and Milan Companies Register Registration No. 13343690155 - Share Capital € 13,712,000.00, fully paid-in

Telephone [phone] - Fax [phone] [e-mail]- www.openjobmetis.it

At the end of April, Openjobmetis purchased "Badaplus", an application for tablets and smartphones serving the Family Care division of Openjobmetis.

On 5 June, Openjobmetis acquired 100% of the capital of Meritocracy S.r.l. (formerly Coverclip S.r.l.) at the price of €1,000 thousand.

In the months of June and July, in order to put an end to the long-standing dispute with the Revenue Agency, Openjobmetis signed conciliation agreements that definitively resolved the dispute for all the annuities subject to dispute.

On 25 July, Openjobmetis S.p.A. acquired 70% of the capital of HC Human Connections S.r.l. at a price of €700 thousand also with the right to acquire the last 30% of the share capital of HC Human Connections S.r.l., owned by the Original Shareholders. This option may be exercised in the period of one year, starting from the end of the third year from the closing date.

On 4 February 2019, Mr Fabrizio Viola has resigned from the position of non-executive and independent Director of the Company, as well as the position of Chairman of the Remuneration Committee thereof, due to unexpected professional commitments not allowing the continuation of the relationship.

On 11 February 2019, having taken note of the resignation of Mr Fabrizio Viola from the position of non-executive and independent Director of the Company, as well as the position of Chairman of the Remuneration Committee thereof, as per press release dated 5 February 2019, the Board of Directors resolved upon appointing Mr Alberto Rosati as a new member of the Remuneration Committee and to appoint Ms Alberica Brivio Sforza from among its members, as the new Chairperson, until the end of the term.

On 19 February 2019, the Board of Directors of Openjobmetis S.p.A. resolved upon adopting, starting from the approval of the financial statements as of 31 December 2018, a dividend policy with a proposal for the average distribution of 25% of the consolidated net profit for the 2018-2020 three-year period.

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EXPECTED EVOLUTION OF OPERATIONS

The Company will focus more on higher added value services, also to face the slowdown in GDP growth occurred starting from the third quarter of 2018, and the cuts in European and Italian growth expectations for 2019.

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ANNUAL REPORT ON CORPORATE GOVERNANCE AND REMUNERATION REPORT

The Board of Directors examined and approved the Annual Report on Corporate Governance and Ownership Structure as well as the Remuneration Report pursuant to art. 123-ter of Legislative Decree 58/98 (TUF), which will be published and made available on the Society's website,www.openjobmetis.it.(Corporate Governance section).

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Openjobmetis S.p.A. - AGENZIA PER IL LAVORO - Auth. Ref. No. 1111-SG of 26/11/2004 HEADQUARTERS AND OFFICES: Via Marsala, 40/C - Centro Direzionale Le Torri - 21013 Gallarate (VA) REGISTERED OFFICE: Via Generale Gustavo Fara, 35 - 20124 Milan

Tax Code - VAT Reg. and Milan Companies Register Registration No. 13343690155 - Share Capital € 13,712,000.00, fully paid-in

Telephone [phone] - Fax [phone] [e-mail]- www.openjobmetis.it

COOPTATION OF A BOARD MEMBER

Following the resignation of Director Fabrizio Viola, which took place on 4 February 2019, the Board of Directors of Openjobmetis S.p.A. decided, with the favourable opinion of the Board of Statutory Auditors, to appoint Mr Carlo Gentili by co-optation as the new Director of the Company. The term will expire with the Shareholders' Meeting called to approve the financial statements as of 31 December 2018; furthermore, it should be noted that Mr Carlo Gentili does not hold any shares in Openjobmetis S.p.A.

Mr Carlo Gentili's CV is available on the Company's website(www.openjobmetis.it).

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PROPOSAL FOR THE ADOPTION OF A NEW PERFORMANCE SHARES PLAN

On today's date, at the proposal of the Remuneration Committee, the Board of Directors decided to submit to the approval of the ordinary Shareholders' Meeting, pursuant to art. 114-bis of Legislative Decree no. 58 of 24 February 1998, as subsequently amended and modified ("TUF"), a free allocation plan for the right to receive ordinary shares of Openjobmetis S.p.A. (the "Company" or "Openjobmetis") referred to as the 2019-2021 Performance Shares Plan (the "Plan") subject to the achievement of certain performance objectives.

Beneficiaries

The Plan is reserved for directors with specific duties and/or executive powers pursuant to the Code of Conduct, executives with strategic responsibilities in the Company, as defined pursuant to the applicable legislation, and other key employees of the Company with an open-ended employment contract registered in the relevant registration book, who will be identified by name, including on different dates and with reference to one or more tranches, by the Board of Directors, at its unquestionable judgment, after hearing the opinion of the Remuneration Committee, from among the persons vested with the relevant duties from a strategic or operational point of view of the Company or in any case able to make a significant contribution, with a view to pursuing the objectives of the Company and the Group.

The Plan is divided into three annual allocation tranches (2019, 2020 and 2021).

The Board of Directors may identify the Beneficiaries of each tranche, after approval of the Plan by the Shareholders' Meeting, even if not on a single date, as long as, respectively, within the following periods:

(a) from the date of approval of the Company's financial statements as of 31 December 2018 until 30

June 2019, for the first tranche;

(b) from the date of approval of the Company's financial statements as of 31 December 2019 until 30

June 2020, for the second tranche;

(c) from the date of approval of the Company's financial statements as of 31 December 2020 until 30

June 2021, for the third tranche.

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Openjobmetis S.p.A. - AGENZIA PER IL LAVORO - Auth. Ref. No. 1111-SG of 26/11/2004 HEADQUARTERS AND OFFICES: Via Marsala, 40/C - Centro Direzionale Le Torri - 21013 Gallarate (VA) REGISTERED OFFICE: Via Generale Gustavo Fara, 35 - 20124 Milan

Tax Code - VAT Reg. and Milan Companies Register Registration No. 13343690155 - Share Capital € 13,712,000.00, fully paid-in

Telephone [phone] - Fax [phone] [e-mail]- www.openjobmetis.it