PRESS RELEASE

SUPPLEMENT TO THE PRESS RELEASE REGARDING THE LETTER OF INTENT FOR THE ACQUISITION OF 75% OF THE SHARE CAPITAL OF TESI ELETTRONICA E SISTEMI INFORMATIVI S.P.A.

Trento, 04 January 2022

In addition to the press release published today, please note the following:

assuming a consolidated NFP at closing equal to zero, the equity value and the enterprise value of 100% of TESI's shares will coincide and will be equal to 90 million euros (the agreement provides for the acquisition of 75% of TESI's share capital, reserving the right to acquire the remaining 25% by the end of FY 2023).

The value of the transaction will be subject to certain parameters on which due diligence will be performed and may be reduced by 10%, beyond which the parties may withdraw from the agreement.

The price of the transaction will be paid in cash with the option to assign Gpi ordinary shares.

GPI GROUP

GPI is the preferred partner for software, technologies and services for Healthcare, Social Services and the Public Administration. Founded more than 30 years ago in Trento, GPI has grown through significant investments in M&A (in Italy and abroad) and R&D, which it carries out in partnership with leading Italian research centres and universities to share scientific, technological, functional and process knowledge applied to the e-health,e-welfare,well-being sectors.

Also drawing on the solutions and know-how gained from the companies that have joined its ecosystem, the Group has masterfully translated the needs of the healthcare industry into cutting-edgehigh-tech solutions and new service models that optimise prevention, diagnosis and care processes, improving people's lives.

The offer combines specialised IT expertise with advisory and design capabilities enabling it to operate in a range of business areas: Software, Care, Automation, ICT and Payment services.

The Company reported consolidated revenue of EUR 271 million in 2020, with over 6,100 employees at year end and more than 2,400 customers in over 60 countries.

GPI was listed on Borsa Italiana in 2016 (AIM segment) and moved to the MTA market in 2018. ISIN ordinary shares: IT0005221517

Press release available at www.gpi.itand www.1info.it

CONTACTS

Investor Relations

GPI | Fabrizio Redavid, Lorenzo Giollo | investor.relations@gpi.it | T: +390461381515 | Via Ragazzi del '99, 13 - 38123 Trento

Media Relations

GPI | Daniela Filbier, Enrico Orfano| media.relations@gpi.it | T: +390461381515 | Via Ragazzi del '99, 13 - 38123 Trento

Specialist

Banca Akros | Bruno Mestice | bruno.mestice@bancaakros.it | T. +3902434441 | Viale Eginardo, 29 - 20149 Milan

| GPI SPA | Via Ragazzi del '99, 13 - 38123 Trento |

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GPI S.p.A. published this content on 04 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 January 2022 16:48:11 UTC.