Circle Group: the Board of Directors approves the highlights of first 3 months of 2024

PRESS RELEASE

CIRCLE: THE BOARD OF DIRECTORS APPROVES THE HIGHLIGHTS OF FIRST 3 MONTHS OF 2024; VALUE OF PRODUCTION +16%, PROPRIETARY PRODUCTS +30%, FEDERATIVE SERVICES +40%

Milan, May 15th, 2024

The Board of Directors ofCIRCLE S.p.A.("CIRCLE" or "the Company") - innovative SME heading the homonymous Group specialized in the analysis and development of innovative digitization solutions for port and intermodal logistics and in international consultancy with focus on Green Deal and energy transition, listed on the Euronext Growth Milan market organized and managed by Borsa Italiana - during the conference call meeting held today, approved some highlights of the first 3 months of 2024, not subject to limited audit.

• the consolidated Value of Production is equal to EUR 3.6 million, +16% compared to first 3 months of 2023 (EUR 3.1 million)
• proprietary software products, also offered in SaaS (Software as a Service) mode on cloud platform, post an increase of 30%
• Milos® federative services post an increase of +40%

Luca Abatello, President & CEO at CIRCLE Group, stated: "We are very satisfied with the results of the first quarter, in which we continued to grow despite the comparison with the start of 2023, which had been particularly positive, the international geopolitical situation which remains delicate, and a strong economic slowdown. Additionally, in this quarter, the impact of the PNRR activities is still very low, as many approvals occurred in the first months of 2024. Therefore, we expect a significant acceleration in the second half of the year. The Connect 4 Agile Growth 2027 plan, for which we presented the abstract in Paris on April 4th in Paris and which we aim to refine before the summer, focuses on three main pillars: "smart" and

automated intermodal nodes (ports, interports, terminals, logistics hubs, airports, etc.),

proactive and predictive industries and freight forwarders with fully digitalized transport

documents (thus including the e-CMR), and international logistics corridors and innovative customs procedures, all accompanied by a horizontal task represented by green and energy transition. The market is greatly appreciating our approach, and the feedback is positive with significant prospects".

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This press release is available at www.circlegroup.euin the Investor Relations section and www.1info.it.

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CIRCLEGroup is the Group specialized in the analysis and development of innovation and digitalization solutions for the port and intermodal logistics sectors and in international consultancy with a focus on the Green Deal and energy transition topics headed by Circle S.p.A., Innovative SME listed on the Euronext Growth Milan market of Borsa Italiana since October 26th, 2018 (alphanumeric code: CIRC; ISIN code for ordinary shares: IT. 0005344996).

Besides Circle, the Group comprises software houses Info.era, Progetto Adele and Cargo Start, purchased respectively at the end of 2017, in July 2019 and December 2022, as well as consulting companies Circle Connecting EU and Magellan Circle.

Synergies between Circle, Info.era and Progetto Adele have allowed the Group to expand the portfolio of solutions it offers in the fields of IoT, optimization, Digital Twin, Big Data and Process Automation, and to strengthen its software products: Milos® - the suite for all players of intermodal logistics, such as inland terminals, port terminals, ports, MTOs and shipping agencies - the Port Community System Sinfomar, Master SPED® and Master TRADE® solutions - respectively dedicated to shipping and logistics and to commerce and industry, and Star Tracking®, solution for airport-to-airport tracking.

Conceived to make migration of customers to a digital business model, Federative services provide in cloud and pay-per-use mode, more efficient, complete Circle's services for the Supply Chain.

With Circle Connecting EU, Circle supports Public Entities and Companies, by identifying their positioning at a European level (Strategic Communication and Advocacy) and funding opportunities (EU Funding Accelerator).

Thanks to the joint venture agreement and purchase of Magellan Circle, a Portuguese entity delivering advocacy services to European Institutions, Circle Connecting EU offers further services at a European level regarding the Iberian Peninsula, having strengthened its presence in Brussels and having exploited the maximum advantages from opportunities linked to the Next Generation EU Recovery Fund.

Moreover, the recent purchase (December 2022) of 51% of Cargo Start, specialized in the development and sale of innovative technological products and services for air cargo, CIRCLE Group can strengthen its offer in a rapidly expanding and strategic segment for 2024 Connect 4 Agile Growth roadmap.

Lastly, Circle leads the network of enterprises Log@Sea, enhancing its evolved solutions for the Gate Automation of ports and intermodal hubs.

For more information

Circle S.p.A.

Registered office Via Giovanni Battista Pergolesi 26, 20124 Milan

Operational headquarters Piazza Borgo Pila 40 (Torre A interno 46), 16129 Genoa

Nicoletta Garzoni, Investor Relations & PR

Mail: ir@circletouch,eu| Mobile: [phone]

Euronext Growth Advisor: Integrae SIM S.p.A.

Piazza Castello 24, 20121 Milan

Mail: [e-mail]| Phone: [phone]