PRESS RELEASE

AEFFE: Notification Of Share Buy-Back In The Period From 13 May 2020 to 15 May 2020

San Giovanni in Marignano, 18 May 2020 - Aeffe SpA announces to have acquired in the period from 13 May 2020 to 15 May 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 180,000 treasury shares (corresponding to 0.17% of the total number of the ordinary shares), at weight average price of Euro 0.9872 for a total countervalue of Euro 177,695.8.

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)

2020.05.13

100.000

1,01467

101.467,00

2020.05.14

80.000

0,95286

76.228,80

TOTAL

180.000

0,98720

177.695,8

Further to the transactions mentioned above, AEFFE owns no. 7,078,839 treasury shares (representing 6.59% 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, Press release of March 23, 2020, Press release of March 30, 2020, Press release of April 1, 2020, Press release of April 6, 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 18 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 May 2020 14:05:05 UTC