Avio S p A : SHARE BUYBACK REPORT

SHARE BUYBACK REPORT FOR THE PERIOD 14 OCTOBER - 18 OCTOBER 2019

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Colleferro (Rome), 18 October 2019. Avio S.p.A. ("Avio") announces the purchase on the MTA (STAR segment), through the authorized independent intermediary Equita Sim S.p.A., in the period from 14 October to 18 October 2019, of no. 9,400 ordinary shares (equal to 0.036% of the share capital) at an average unit price of Euro 11.8805 for a total amount of Euro 111.677,16.

These transactions were made under the authorization to purchase own shares approved by the Shareholders' Meeting on 29 April 2019 (previously disclosed pursuant also to art. 144 bis of Consob Regulation 11971/99, to art. 5 of Regulation (EU) 596/2014 and to art. 132 of Legislative Decree 58/98) and in compliance with the decision of the Board of Directors to assign the mandate to an independent operator to start up the purchase operations (as for the Press Release dated August 2, 2019).

The following table details the purchases made per day in the above period of Avio S.p.A. ordinary shares, ISIN IT0005119810:

Date	Nr. shares	Average price (Euro)	Amount (Euro)
14/10/2019	2,000	11.8140	23,628.00
15/10/2019	1,500	11.8053	17,707.95
16/10/2019	2,000	11.7750	23,550.00
17/10/2019	2,000	11.8950	23,790.00
18/10/2019	1,900	12.1059	23,001.21

Following the purchases made so far, Avio S.p.A. holds no. 117,250 own shares, equal to 0.445% of the share capital.

Purchases in detail:

Date	Time	Nr. Shares	Price (euro)
14/10/2019	10.13.01	64	11.8
14/10/2019	10.17.38	436	11.8
14/10/2019	11.29.26	400	11.88
14/10/2019	12.09.58	138	11.84
14/10/2019	12.10.45	51	11.84
14/10/2019	12.29.50	111	11.84
14/10/2019	13.39.41	43	11.8
14/10/2019	13.45.03	103	11.8

14/10/2019	13.48.03	154	11.8
14/10/2019	14.52.34	200	11.78
14/10/2019	16.49.00	122	11.76
14/10/2019	16.49.00	16	11.76
14/10/2019	16.49.00	71	11.76
14/10/2019	16.49.00	91	11.76
15/10/2019	09.53.04	79	11.84
15/10/2019	09.53.04	421	11.84
15/10/2019	11.18.50	327	11.8
15/10/2019	11.18.50	73	11.8
15/10/2019	12.04.42	90	11.8
15/10/2019	12.04.42	9	11.8
15/10/2019	12.04.42	12	11.8
15/10/2019	12.04.42	54	11.8
15/10/2019	12.04.42	105	11.8
15/10/2019	12.04.42	30	11.8
15/10/2019	15.13.32	163	11.76
15/10/2019	15.13.32	137	11.76
16/10/2019	11.13.29	64	11.76
16/10/2019	11.15.03	45	11.76
16/10/2019	11.34.23	50	11.76
16/10/2019	11.40.09	43	11.76
16/10/2019	11.44.06	298	11.76
16/10/2019	12.30.30	300	11.8
16/10/2019	13.15.03	300	11.8
16/10/2019	14.18.52	59	11.8
16/10/2019	14.29.34	441	11.8
16/10/2019	16.26.02	300	11.72
16/10/2019	16.53.20	59	11.74
16/10/2019	16.54.03	41	11.74
17/10/2019	10.10.57	133	11.78
17/10/2019	10.12.59	167	11.78
17/10/2019	10.52.17	150	11.78
17/10/2019	10.57.57	150	11.78
17/10/2019	13.56.00	400	11.94
17/10/2019	15.27.08	121	11.94
17/10/2019	15.38.09	103	11.94
17/10/2019	15.57.44	26	11.94
17/10/2019	16.18.10	400	11.96
17/10/2019	16.18.10	100	11.96
17/10/2019	16.54.28	200	11.92
17/10/2019	16.57.46	50	11.94
18/10/2019	09.16.28	300	11.98

18/10/2019	11.05.45	264	12.08
18/10/2019	12.08.41	8	12.08
18/10/2019	12.08.44	9	12.08
18/10/2019	12.30.14	100	12.14
18/10/2019	12.30.37	319	12.14
18/10/2019	14.54.49	300	12.16
18/10/2019	15.27.23	81	12.12
18/10/2019	15.33.32	219	12.12
18/10/2019	16.41.06	75	12.14
18/10/2019	16.44.33	225	12.14

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Avio

Avio is a leading international group operating in the manufacturing and development of space launchers and propulsion systems. The experience and knowhow built up over more than 50 years puts Avio at the cutting edge of the space launcher sector, solid, liquid and cryogenic propulsion and tactical propulsion. Avio operates 5 industrial facilities in Italy, France and France Guyana, employing approx. 1,000 highly-qualified personnel, of which approx. 30% involved in research and development. Avio is a prime contractor for the Vega programme and a sub-contractor for the Ariane programme, both funded by the European Space Agency ("ESA"), placing Italy among the limited number of countries capable of producing a complete spacecraft.