Plan for merger by incorporation of Comag S.r.l.inEmak S.p.A.

Bagnolo in Piano (RE), 7 August 2015 -The Board of Directors of Emak, which met today, decided to boost the the merger by incorporation of Comag S.r.l. in Emak S.p.A.

Comag S.r.l. is currently owned by Emak at 99.44%. The Board of Directors of Emak ha salso resolved the purchare of the remaining shareholding, equala t 0.56% of the share capital, held by the parent company Yama S.p.A. at a price of € 95 thousand. The share transfer is scheduled for September 15, 2015.Following this, the merger will concern a wholly-owned subsidiary, and therefore there won't be a capital increase to be used for the share swap and the bylaws will not be changed.

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