Seri Industrial S p A : Periodic verification of the independence of directors

MUNICATOTAMPA

PRESS

RELEASE

Seri Industrial S.p.A.:

Periodic verification of the independence of directors

San Potito Sannitico, 20 March 2022 - Seri Industrial S.p.A. (hereinafter also the "Company") today announces that the Board of Directors, has carried out the annual verification regarding the possession of the requirements of independence for some of its non-executive directors, provided by Article 148, paragraph 3, of Legislative Decree 58/1998 (the "TUF"), and by Article 2, recommendation 7, of the Corporate Governance Code (the "Code") to which the Company complies with, on the basis of the statements issued to the Company.

In making its assessments of independence from the Code, the Board of Directors has made use of qualitative and quantitative criteria established in advance by the board, following the renewal of its mandate, which took place in May 2022, which are more restrictive than those established by the above mentioned Article 2, Recommendation 7, of the Code.

As a result of the assessments, the directors Annalisa Cuccaro and Roberto Maviglia have the independence requirements provided for by both Article 148, paragraph 3, of the TUF, and Article 2, recommendation 7, of the Code and the directors Fabio Borsoi and Manuela Morgante have the independence requirements pursuant to Article 148, paragraph 3, of the TUF.

Therefore, the Board of Directors of the Company is composed as follows:

• Roberto Maviglia - Chairman and independent director pursuant to the TUF and to the Code
• Luciano Orsini - Vice Chairman and Executive Director
• Vittorio Civitillo - Chief Executive Officer
• Andrea Civitillo - Executive Director
• Marco Civitillo - Executive Director
• Fabio Borsoi - non-executive and independent director pursuant to the TUF
• Annalisa Cuccaro - non-executive and independent director pursuant to the TUF and to the Code
• Rosaria Martucci - non-executive Director
• Manuela Morgante - non-executive and independent director pursuant to the TUF
• Alessandra Ottaviani - non-executive Director

Seri Industrial S.p.A. is a company listed on the EXM market of Borsa Italiana. Seri Industrial's mission is to accelerate the energy transition to sustainability and decarbonisation.

The Group operates through two companies: (i) Seri Plast, active in the processing of plastic materials for the battery market, automotive, packaging and thermo-sanitary sector; (ii) FIB, active, through the FAAM brand, in the production and recycling of lead and lithium batteries for traction, industrial, storage and military applications, as well as in the design of plants for the recycling of batteries.

For further information:

Investor Relator

Marco Civitillo

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