Growens S.p.A. has announced the hiring of Luca Azzali as Corporate Development Director. The Board of Directors appointed Mr. Luca Azzali as Corporate Development Director within the Holding, in consideration of his relevant contribution to Contactlab's acquisition and following appointment of Mr. Massimo Fubini as General Manager of the combined business unit MailUp+Contactlab. Mr. Azzali's appointment is consistent with the Group's development strategy, and he will oversee the corporate development and external growth.

Following his appointment, Mr. Azzali's classification implies a raise in his total remuneration (fixed and variable) which qualifies as a related party transaction under the current "Related Parties Transactions Procedure" ("Procedura per le Operazioni con Parti Correlate", the "OPC Procedure"), as well as to the other relevant laws and regulations. In compliance with the OPC Procedure, the transaction was submitted to the prior examination of the Committee for Related Party Transactions (the "Committee"), exclusively consisting of Independent Director Mr. Ignazio Castiglioni, who investigated the Company interest in executing the above-mentioned appointment as well as the fairness and consistency of the relevant provisions, consequently expressing a favorable motivated opinion.