Avio : SHARE BUYBACK REPORT

SHARE BUYBACK REPORT FOR THE PERIOD 2 - 6 SEPTEMBER 2019

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Colleferro (Rome), 6 September 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 2 September to 6 September 2019, of no. 7,300 ordinary shares (equal to 0.028% of the share capital) at an average unit price of Euro 12.1274 for a total amount of Euro 88,529.96. 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)
02/09/2019	1,500	12.2080	18,312.00
03/09/2019	1,400	12.1657	17,031.98
04/09/2019	1,500	12.1680	18,252.00
05/09/2019	1,500	12.1120	18,168.00
06/09/2019	1,400	11.9757	16,765.98

Following the purchases made so far, Avio S.p.A. holds no. 35,450 own shares, equal to 0.134% of the share capital.

Purchases in detail:

Date	Time	Nr. Shares	Price (euro)
02/09/2019	09.51.58	234	12.26
02/09/2019	09.51.58	66	12.26
02/09/2019	10.40.32	63	12.2
02/09/2019	10.40.32	89	12.2
02/09/2019	10.45.01	98	12.2
02/09/2019	13.14.24	200	12.2
02/09/2019	14.38.34	150	12.18
02/09/2019	15.19.15	300	12.18
02/09/2019	16.12.15	150	12.18

02/09/2019	17.07.50	150	12.24
03/09/2019	10.04.56	78	12.2
03/09/2019	10.04.56	22	12.2
03/09/2019	10.12.14	100	12.2
03/09/2019	11.36.07	53	12.18
03/09/2019	11.36.07	84	12.18
03/09/2019	11.36.07	250	12.18
03/09/2019	11.36.07	87	12.18
03/09/2019	11.36.07	126	12.18
03/09/2019	11.56.45	144	12.14
03/09/2019	11.56.45	56	12.14
03/09/2019	14.45.54	100	12.08
03/09/2019	15.58.57	200	12.16
03/09/2019	16.37.28	56	12.16
03/09/2019	16.37.28	44	12.16
04/09/2019	09.16.38	7	12.16
04/09/2019	09.16.38	7	12.16
04/09/2019	09.16.38	166	12.16
04/09/2019	09.35.26	123	12.16
04/09/2019	09.35.27	97	12.16
04/09/2019	10.27.59	300	12.14
04/09/2019	13.36.06	300	12.2
04/09/2019	15.14.21	298	12.2
04/09/2019	15.14.21	102	12.2
04/09/2019	17.18.22	32	12.06
04/09/2019	17.18.22	68	12.06
05/09/2019	10.29.48	25	12.14
05/09/2019	10.29.48	4	12.14
05/09/2019	10.42.39	271	12.14
05/09/2019	12.41.49	300	12.14
05/09/2019	13.25.39	499	12.16
05/09/2019	14.41.37	1	12.16
05/09/2019	16.01.41	200	12.06
05/09/2019	17.11.59	200	11.96
06/09/2019	09.16.09	100	12.02
06/09/2019	09.39.08	400	12
06/09/2019	12.12.10	300	12
06/09/2019	13.15.51	40	12
06/09/2019	13.15.51	224	12
06/09/2019	13.15.51	36	12
06/09/2019	15.48.58	242	11.88
06/09/2019	16.06.25	58	11.88

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Avio

Avio is a leading international group engaged in the construction and development of space launchers and solid and liquid propulsion systems for space travel. 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 in Italy, France and France Guyana with 5 facilities, employing approx. 1000 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 financed by the European Space Agency ("ESA"), placing Italy among the limited number of countries capable of producing a complete spacecraft.