Fine Foods & Pharmaceuticals N T M S p A : PROCEDURES FOR EXERCISE FINE FOODS & PHARMACEUTICALS N.T.M. S.p.A. WARRANTS

PROCEDURES FOR EXERCISE

FINE FOODS & PHARMACEUTICALS N.T.M. S.p.A. WARRANTS

Verdellino (BG), 1 October 2020

Fine Foods & Pharmaceuticals N.T.M. S.p.A. ("Fine Foods" or the "Company") announces that, pursuant to the "Fine Foods N.T.M. S.p.A. Warrants Regulation" (the "Regulation"), starting from 2 October 2020, the holders of the warrants can request the related exercise. Being the Average Monthly Price of September 2020 equal to Euro 10.6911 (source Thomson Reuters, average monthly price calculated as the arithmetic average of the official prices, volume-weighted, of the Fine Foods ordinary shares traded on the AIM Italia market of Italian Stock Exchange on stock exchange days in September 2020), being the strike price of Euro 9.50 and the subscription price of the conversion shares equal to Euro 0.1, the exercise ratio of the Fine Foods N.T.M. S.p.A. Warrants (for brevity "Fine Foods Warrants", ISIN code IT0005215337, alphanumeric code WFF and description "Warr Fine Foods & Pharmaceuticals Ntm") for the month of October 2020 is equal to 0.1125.

Fine Foods also informs that during the month of September 2020 were received exercise requests for a total of n. 47,566 warrants. As a result, the Company issued n. 6,763 ordinary shares, for a total value of Euro 676.3, pursuant to the Warrants Regulations.

Following the exercise of the Fine Foods warrants, the new share capital of Fine Foods N.T.M. S.p.A. is equal to € 22,601,885.3, divided into no. 18,821,353 ordinary shares, no. 1,200,000 unlisted redeemable shares, no. 3,500,000 unlisted shares with multiple vote and no. 50,000 unlisted special shares, all with no nominal value.

Finally, it should be remembered that, at the date of this press release, the deadline of the Fine Foods Warrants is 1 October, 2023 and the threshold price for exercising the Warrants is Euro 13.00.

For more information, refer to the Fine Foods Warrant Regulation (formerly "WARRANT INNOVA ITALY 1 S.P.A. ") available on the company's website, at www.finefoods.it, in the section INVESTOR RELATIONS / IPO.

***

Fine Foods & Pharmaceuticals N.T.M. S.p.A.

Sede legale: 24040 Zingonia-Verdellino (BG) via Berlino, 39 - tel. [phone] fax [phone] - www.finefoods.it - E-mail:[e-mail]

Cap. Soc. euro 22.590.304,00 i.v. - P.IVA IT 09320600969 - Registro Imprese e Cod.Fisc. 09320600969

This press release is available on the Fine Foods website www.finefoods.it, in the Investor relations/ Press Releases section.

***

Fine Foods & Pharmaceuticals N.T.M. S.p.A., founded in 1984, is the leading independent Italian company in the sector of CDMOs (contract development and manufacturing organization) of solid oral forms for the pharmaceutical and nutraceutical industries. The company is recognised on the market for its high-quality products and has long-term relationships with most of its customers (more than one hundred). It has more than 600 employees and has generated revenues for about 160 million euros with over 60 per cent of its sales volumes abroad in 2019.

	***
For information:
Fine Foods & Pharmaceuticals N.T.M. S.p.A.	Banca Akros S.p.A.
INVESTOR RELATIONS	NOMAD
Tel. [phone]	Viale Eginardo 29, Milan
[e-mail]	[e-mail]
CDR Communication
IR ADVISOR
Paola Buratti
[e-mail]
MEDIA RELATIONS
Marianna Tremolada
[e-mail]

Fine Foods & Pharmaceuticals N.T.M. S.p.A.

Sede legale: 24040 Zingonia-Verdellino (BG) via Berlino, 39 - tel. [phone] fax [phone] - www.finefoods.it - E-mail:[e-mail]

Cap. Soc. euro 22.590.304,00 i.v. - P.IVA IT 09320600969 - Registro Imprese e Cod.Fisc. 09320600969