Immsi S p A : Half-Yearly Financial Report at 30 June 2020

Share capital €178,464,000 fully paid up

Registered office: Piazza Vilfredo Pareto, 3 - 46100 Mantova

Mantua Register of Companies - Tax code and VAT registration number 07918540019

Half-year Financial Report

of the

Immsi Group

at

30 June 2020

This Interim Financial Report as of 30 June 2020 has been translated into English solely for the convenience

of the international reader. In the event of conflict or inconsistency between the terms used in the Italian

version of the report and the English version, the Italian version shall prevail, as the Italian version constitutes the sole official document.

Contents:

COMPANY BOARDS……………………………….....………………………….……... page	4
HALF-YEARLY FINANCIAL REPORT OF THE IMMSI GROUP.…………………... page	6
IMMSI GROUP
- Condensed Interim Financial Statements at 30 June 2020…...…………………………	page	34
- Notes to the Consolidated Financial Statements at 30 June 2020…………...................	page	40
- List of companies included in the Consolidated Financial Statements and
investments …….……………………………………………………………………….. page	93
CERTIFICATION OF THE CONDENSED INTERIM FINANCIAL STATEMENTS
PURSUANT TO ARTICLE 154 BIS OF LEGISLATIVE DECREE
58/98.………………………………………………………………………………….…	page	96
AUDITORS' REPORT………………………………...................................................	page	97

This document was approved by the Board of Directors of Immsi S.p.A. on 2 September 2020 and is available for the public to consult at the Registered Office of the Company, in the centralised storage system www.emarketstorage.com and on the Issuer's website www.immsi.it (section: "Investors/Financial statements and reports/2020") according to legislation.

COMPANY BOARDS

The Board of Directors and the Board of Statutory Auditors of Immsi S.p.A. were appointed by shareholders' resolution of 10 May 2018 and will remain in office until the date the Shareholders' Meeting is convened to approve the financial statements for the year ending 31 December 2020.

BOARD

OF DIRECTORS

Roberto Colaninno	Chairman
Daniele Discepolo	Deputy Chairman
Michele Colaninno	Chief Executive Officer
Matteo Colaninno	Director
Ruggero Magnoni	Director
Livio Corghi	Director
Rita Ciccone	Director
Gianpiero Succi	Director
Patrizia De Pasquale	Director
Paola Mignani	Director
Devis Bono	Director

BOARD

OF STATUTORY AUDITORS

Alessandro Lai	Chairman
Giovanni Barbara	Statutory Auditor
Maria Luisa Castellini	Statutory Auditor
Gianmarco Losi	Alternate Auditor
Elena Fornara	Alternate Auditor

INDEPENDENT AUDITORS

AUDITORS

PricewaterhouseCoopers S.p.A.

2012 - 2020

GENERAL

MANAGER

Michele Colaninno

~ 4 ~

Immsi Group

Company Boards