EuroGroup Laminations S p A : Outcome of the Shareholders' meeting of EuroGroup Laminations SpA

PRESS RELEASE

ORDINARY SHAREHOLDERS' MEETING OF EUROGROUP LAMINATIONS S.P.A.

• Approval of the financial statements for the year ended December 31, 2023 and reviewed the consolidated financial statements for the year ended December 31, 2023;
• approval of the distribution of a dividend equal to €0.042 per share and the distribution of distributable reserves;
• presentation of the Consolidated Non-Financial Report for financial year 2023
• approval of the Report on the policy regarding remuneration set forth in the first section of the Remuneration Policy, expressing a favourable opinion on the second section of the said Report on the fees paid;
• confirmation of the appointment of Axel Volker Dill as Director of the Company.

Baranzate (MI), May 6, 2024 -EuroGroupLaminations S.p.A. ("EuroGroup Laminations" or the "Company") - a world leader in the design, manufacture and distribution of stators and rotors for electric motors and generators - announces that the Ordinary Shareholders' Meeting held today under the chairmanship of Sergio Iori approved all proposals on the agenda.

Pursuant to art. 11 of Italian Law no. 21 of March 5, 2024, the intervention and voting in the Shareholders' Meeting of those who are eligible took place exclusively by granting a proxy (or sub- proxy) to the representative appointed by the Company pursuant to art. 135-undecies of Italian Legislative Decree no. 58/1998 and the meeting was held via audio-video conference.

As of the opening of the works, 72.94% of the total share capital was represented in the Meeting and the 75.12% of the share capital net of the treasury shares, corresponding to 85.60% of the total voting rights, and to 86.94% of the total voting rights net of treasury shares.

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Approval of the financial statements for the year ended December 31, 2023

The Ordinary Shareholders' Meeting approved the Financial Statements of EuroGroup Laminations for the year ended December 31, 2023, as per the Draft Financial Statements approved by the Board of Directors on March 28, 2024, and examined the Consolidated Financial Statements for the year ended December 31, 2023.

In 2023, the revenues of EuroGroup Laminations S.p.A. amounted to € 9.8 million compared to € 10.6 million in the previous year. EBIT stood at €-1.2 million compared to €1.1 million in 2022. Profit for the year amounted to € 4.6 million compared to € 2.2 million in 2022.

The Group's consolidated financial statements for the year ended December 31, 2023 showed revenues of €835.9 million, compared to €851.1 million in 2022. EBITDA amounted to €115.9 million, growing compared to €103.3 million in the previous year and EBIT amounted to €80.3 million compared to €77.2 million in 2022. The Group posted a consolidated profit of €38.8 million compared to €43.8 million in 2022. Net financial indebtedness as of December 31, 2023 amounted to €110.8 million, down by more than 57% compared to €259.4 million in 2022.

EuroGroup Laminations S.p.A. - Via Stella Rosa no. 48 - 20021 Baranzate (Milan) Italy

Tel [phone] - www.euro-group.it

Share Capital € 6,111,941.00 fully paid-in

VAT number, tax code and number of enrollment in the Company's Register of Milan Monza Brianza Lodi 05235740965 -

Economic and administrative index (REA) MI 1805877

1

Approval of the distribution of a dividend and of distributable reserves

The Ordinary Shareholders' Meeting resolved to allocate the annual profit of EuroGroup Laminations S.p.A., amounting to €4,591,327.00, as follows:

• distribution of a dividend for an amount equal to €4,361,760.65; and
• the remaining part, equal to €229,566.35, to the legal reserve.

The dividend will be equal to €0.042 per share entitled to profits (excluding treasury shares held by the Company), of which €4,361,760.65 will be paid out of the profit for the financial year 2023 and the remainder, equal to approximately €2.45 million, through the use of sums deriving from the partial distribution of distributable reserves created, for their full amount, with the profit for the financial year 2017. The dividend will be payable on May 22, 2024, with the ex-dividend date on May 20, 2024 and the record date on May 21, 2024.

The notice with the information related to the dividend payment and entitlement to receive it will also be published on the "Italia Oggi" newspaper on the 7th of May 2024.

Dividend policy

Furthermore, please note that on March 28, 2024 the Board of Directors also resolved to adopt a dividend distribution policy with reference to the subsequent financial years of the 2023-2026 plan. The objective of this policy is to distribute dividends for an amount of up to 20% of the profit from ordinary operations (net of any disposals, divestments or other extraordinary transactions) resulting from the Company's consolidated financial statements, consistent with the Group's growth needs and the implementation of the business plan and subject to the Group's strategic investment plans, financial and investment needs and in compliance, inter alia, with any limitations provided, from time to time, by the contractual documentation regulating the Group's financial debt and provided that there are distributable profits and/or reserves resulting from the Company's statutory financial statements. This policy will be implemented by the Board of Directors carefully evaluating all these circumstances and will in any case be submitted to the Shareholders' Meeting for approval in each and every circumstance.

Consolidated Non-Financial Report

The Company also presented its Consolidated Non-Financial Report for financial year 2023 (the "NFR"), as a report prepared separately from the Financial Statements, which describes the main social, environmental and economic activities performed during 2023, and publicly discloses the medium to long- term goals of the Company and of the Group. The NFR has been prepared in accordance with the provisions of Italian Legislative Decree no. 254/2016.

Approval of the Report on the remuneration policy and fees paid

The Ordinary Shareholders' Meeting approved the first section of the Report on Remuneration Policy and Remuneration Paid, drawn up pursuant to Article 123-ter, paragraph 3 of Italian Legislative Decree No. 58/1998, regarding the policy of the Company on the remuneration of the members of the administrative bodies, the general managers and the managers with strategic responsibilities and, without prejudice to the provisions set forth by Article 2402 of the Italian civil code, the members of the supervisory body, as well as the procedures used for the adoption and implementation of this policy.

The Shareholders' Meeting also expressed a favorable opinion on the second section of the Report on Remuneration Policy and Remuneration Paid, drawn up pursuant to Article 123-ter, paragraph 4 of Legislative Decree No. 58/1998 which provides, in particular, sufficient information on each of the items comprising remuneration of the above-mentioned persons and analyses the compensation paid during the relevant financial year in any form by the Company and its subsidiaries or associated companies.

The Report on Remuneration Policy and Remuneration Paid is available on the Company's website at www.euro-group.it,Sezione Investors/ Governance/Governance Reports.

EuroGroup Laminations S.p.A. - Via Stella Rosa no. 48 - 20021 Baranzate (Milan) Italy

Tel [phone] - www.euro-group.it

Share Capital € 6,111,941.00 fully paid-in

VAT number, tax code and number of enrollment in the Company's Register of Milan Monza Brianza Lodi 05235740965 -

Economic and administrative index (REA) MI 1805877

2

Appointment of the Director Axel Volker Dill

The Shareholders' Meeting - having noted the termination, effective as of today, of the office of Director Axel Volker Dill, who was appointed by co-optation, pursuant to Article 2386 of the Italian Civil Code and Article 13.4 of the By-laws at the Board of Directors meeting held on March 28, 2024, resolved to appoint with the majorities required by Law, without application of the slate voting mechanism, as Director of the Company Axel Volker Dill. Axel Volker Dill will remain in office until the expiry of the other directors currently in office and, therefore, until the date of the Shareholders' Meeting called to approve the financial statements for the year ending December 31, 2025.

Based on the information available to the Company, as at the date of this press release, Director Axel Volker Dill holds 60,106 ordinary shares of the Company.

A summary of the curriculum vitae of Axel Volker Dill is available at the Company's registered office and was published concurrently to his appointment on the Company's website www.euro-group.it,Section Investors/Financial Information.

Approval of the changes to the Rules of the Company's Shareholders' Meetings

Lastly, the Shareholders' Meeting approved the changes to the Rules of the Company's Shareholders' Meetings in order to align it with the amendment made by the Extraordinary Shareholders' Meeting of July 20, 2023 to Article 10 of the Articles of Association of the Company to allow meetings to be held also exclusively through an appointed representative, also taking into account the provisions of Law No. 21 of March 5, 2024, published in the Official Gazette on March 12, 2024 and, more generally, to continuously improve the documentation relating to the Company's corporate governance.

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The Financial Statements for the year ended December 31, 2023 of EuroGroup Laminations S.p.A., the Group's Consolidated Financial Statements, as well as the Consolidated Non-Financial Statement are available at the Company's registered office in Via Stella Rosa 48 - 20021 Baranzate (Mi), at Borsa Italiana S.p.A. and in the Investor Relations section of the website www.euro-group.itas well as on the authorized storage mechanism called "1Info" (www.1info.it).

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The minutes of the Shareholders' Meeting will be made available to the public within the terms provided by the law at the Company's registered office, as well as on the Company's website www.euro-group.it("Investors/Governance/Shareholders" section) and on the authorized storage mechanism called "1Info" (www.1info.it).

The summary voting record and the minutes of the Shareholders' Meeting will be made available on the Company's www.euro-group.it("Investors/Governance/Shareholders" section) within the terms provided by the law.

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Pursuant to paragraph 2 of Article 154-bis of the Consolidated Finance Act, the manager in charge of preparing the Company's accounting documents, Isidoro Guardalà, declares that the accounting information contained in this press release corresponds to the documented results, books and accounting records.

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The income statement, balance sheet and financial position information was prepared in accordance with the International Financial Reporting Standards ("IFRS") issued by the International Accounting Standards Board ("IASB") and endorsed by the European Union.

In this document, in addition to the financial measures envisaged by International Financial Reporting Standards (IFRS), a number of measures derived from the latter are presented even though

EuroGroup Laminations S.p.A. - Via Stella Rosa no. 48 - 20021 Baranzate (Milan) Italy

Tel [phone] - www.euro-group.it

Share Capital € 6,111,941.00 fully paid-in

VAT number, tax code and number of enrollment in the Company's Register of Milan Monza Brianza Lodi 05235740965 -

Economic and administrative index (REA) MI 1805877

3

they are not envisaged by IFRS (Non-GAAP Measures) in line with ESMA's guidelines on Alternative Performance Indicators (ESMA/2015/1415 Guidelines, adopted by Consob with Notice no. 92543 of December 3, 2015) published on October 5, 2015. These measures are presented in order to enable a better assessment of the Group's operating performance and should not be regarded as alternatives to IFRS.

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This press release is available on the Group's website www.euro-group.it(Section "Investors /Press

Release") as well as on the authorised storage device "1Info" (www.1info.it).

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FOR FURTHER INFORMATION:

EuroGroup Laminations S.p.A. - Investor Relations

[e-mail]- Matteo Picconeri - Tel. [phone]

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About EuroGroup Laminations

EuroGroup Laminations is a world leader in the design, production and distribution of the motor core (stators and rotors) for electric motors and generators. The Group's business is organized along two segments: (i) EV & AUTOMOTIVE, which designs and produces the motor core of electric motors used in electric vehicle traction, as well as a wide range of non-traction automotive applications; and (ii) INDUSTRIAL, which designs and manufactures products used in various applications including among others industrial applications, home automation, HVAC equipment, wind energy, logistics and pumps. With registered office in Baranzate (MI), EuroGroup Laminations recorded revenues of approximately € 836 million in 2023, currently has a workforce of approximately 3,000 employees, 8 production plants in Italy and 6 abroad (2 in Mexico, 2 in China, 1 in the United States and 1 in Tunisia) and an Order Book for the EV & AUTOMOTIVE segment with an estimated value of approximately € 6.4 billion, and a pipeline of orders under discussion at approximately € 5.2 billion.

EuroGroup Laminations S.p.A. - Via Stella Rosa no. 48 - 20021 Baranzate (Milan) Italy

Tel [phone] - www.euro-group.it

Share Capital € 6,111,941.00 fully paid-in

VAT number, tax code and number of enrollment in the Company's Register of Milan Monza Brianza Lodi 05235740965 -

Economic and administrative index (REA) MI 1805877

4