PRESS RELEASE

AEFFE: Notification Of Share Buy-Back In The Period From 16 March 2020 to 19 March 2020

San Giovanni in Marignano, 23 March 2020 - Aeffe SpA announces to have acquired in the period from 16 March 2020 to 19 march 2020 included, in conforming with the programme released to the market on 30 July 2019 and approved by the Shareholders' meeting held on April 18, 2019, a total number of 295,000 treasury shares (corresponding to 0.27% of the total number of the ordinary shares), at weight average price of Euro 0.77853 for a total countervalue of Euro 229,664.9.

The Company, listed on the STAR segment of Borsa Italiana, operates in the luxury sector, with a presence in the prêt-à-porter, footwear and leather goods division under renowned brand names such as Alberta Ferretti, Philosophy di Lorenzo Serafini, Moschino and Pollini.

On the basis of the information provided by Banca Imi S.p.A., the authorized intermediary in charge of carrying out the purchases of treasury shares, the daily transactions made are summarized below in aggregate form:

ORDINARY

AVERAGE

TOTAL AMOUNT

DATE

SHARES

PRICE (EUR)

(EUR)

2020.03.16

65.000

0,71444

46.438,60

2020.03.17

100.000

0,77974

77.974,00

2020.03.18

90.000

0,78667

70.800,30

2020.03.19

40.000

0,8613

34.452,00

TOTAL

295.000

0,77853

229.664,9

Further to the transactions mentioned above, AEFFE owns no. 6,612,839 treasury shares (representing 6.16% of the share capital).

Related Press releases: Press release of July 30, 2019, Press release of August 6, 2019, Press release of August 26, 2019, Press release of September 2, 2019, Press release of September 9, 2019, Press release of September 16, 2019, Press release of September 23, 2019, Press release of September 30, 2019, Press release of October 7, 2019, Press release of March 16, 2020.

***

Information contained in this Press release are also published on the Company's website, www.aeffe.comin the Investor relations section, as well as on the website www.emarketstorage.com.

Contacts:

Investor Relations

Press Relations

AEFFE S.p.A

Barabino & Partners

Annalisa Aldrovandi

Marina Riva

+39 0541 965494

+39 02 72023535

annalisa.aldrovandi@aeffe.com

m.riva@barabino.it

www.aeffe.com

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Aeffe S.p.A. published this content on 23 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2020 11:13:03 UTC