Centrale del Latte d'Italia S p A : Approval of the Financial Statements for the Year Ended 31 December 2021

• APPROVAL OF THE FINANCIAL STATEMENTS AND NET INCOME ALLOCATION FOR THE YEAR ENDED 31 DECEMBER 2021
• APPROVAL OF THE REPORT ON THE REMUNERATION AND ON THE REMUNERATION PAID PURSUANT TO ART. 123-TER OF THE LEGISLATIVE DECREE NO.58 OF 24 FEBRUARY 1998

The Shareholders' Meeting of Centrale del Latte d'Italia S.p.A. ("CLI" or the "Company") - the third largest Italian operator in the fresh and long-life milk market, listed in the STAR segment of the Italian Stock Exchange - met today, on first call, under the chairmanship of Angelo Mastrolia and with the representation of 84.65% of voting rights, exclusively through proxies and sub-proxies conferred to the Designated Representative, Studio Segre S.r.l., pursuant to art. 135-undecies and to art. 135-novies of the TUF and in compliance with the provisions of art. 106 of Legislative Decree 18/2020.

Approval of the Financial Statements for the Year Ended 31 December 2021

The Ordinary Shareholders' Meeting examined and approved the financial statements for the year ended 31 December 2021, as resolved by the Board of Directors on 18 March 2022 and already announced in the press releases published on the same day and available on the Company's website at http://centralelatteitalia.com/, as well as at the authorized storage mechanism at www.emarketstorage.com, to which reference should be made.

CLI closes the year 2021 with revenues of € 283.4 million, up +57% compared to € 180.6 million in the year 2020, thanks to the contribution of the Milk&Dairy branch leased from the parent company Newlat Food S.p.A.

EBITDA was equal to € 22.1 million, an improvement (+21%) compared to € 18.3 million in 2020, thanks to the contribution of the Milk&Dairy branch leased from the parent company Newlat Food S.p.A.

EBIT was positive by € 5.1 million, a trend that is confirmed as positive thanks to the synergies achieved with the entry into the Newlat Group.

Net profit is equal to € 2.3 million.

Net financial position improved by approximately € 9.2 million: it went from €-61.9 million in 2020 to €-52.7 million at the end of 2021.

The NFP / Net Equity ratio is equal to 1. The positive change was mainly affected by the positive operating performance of the Company.

Net Income allocation

The Shareholders' Meeting of Centrale del Latte d'Italia S.p.A. resolved to allocate the profit for the year, equal to Euro 2,293,598 in the amount of 5% to the legal reserve and the remaining 95% to the extraordinary reserve.

Report on remuneration and remuneration paid pursuant to Art. 123-ter of the Consolidated Finance Act (TUF)

Additionally, the Shareholders' Meeting approved the Company policy on remuneration and remuneration paid, which was approved by the Board of Directors in the meeting of 18 March 2022.