Immsi S p A : Interim Management Statements at 30 September 2021

Share capital €178,464,000 fully paid up

Registered office: Piazza Vilfredo Pareto, 3 - 46100 Mantova

Mantova Register of Companies - Tax code and VAT registration number

07918540019

Interim Report

on

Operations

30 September 2021

This Interim Financial Report as of 30 September 2021 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
Health emergency - COVID-19………………………………………………………………..	page	6
Financial highlights of the Immsi Group............................................................................	page	7
Alternative non-GAAP performance indicators………………………………………………	page	8
Form and content…....………………………………………………………………………….	page	9
Scope of consolidation……………..…………………………………………………………..	page	12
Reclassified consolidated financial statements and relative notes………........................	page	13
Directors' comments on operations………………………..................................................	page	22
Events occurring after 30 September 2021 and operating outlook...................................	page	27

This document was approved by the Board of Directors of Immsi S.p.A. on 12 November 2021

and is available to the public at the Company's registered office,

in the authorised 'eMarket STORAGE' system available at www.emarketstorage.com and on the Issuer's website www.immsi.it (section: "Investors/Financial reports/2021")

COMPANY BOARDS

The Board of Directors and the Board of Statutory Auditors of Immsi S.p.A. were appointed by shareholders' resolution of 30 April 2021 and will remain in office until the date the Shareholders' Meeting is convened to approve the financial statements for the year ending 31 December 2023.

BOARD

OF DIRECTORS

Roberto Colaninno	Chairman
Daniele Discepolo	Deputy Chairman
Michele Colaninno	Chief Executive Officer
Matteo Colaninno	Director
Ruggero Magnoni	Director
Gianpiero Succi	Director
Patrizia De Pasquale	Director
Paola Mignani	Director
Alessandra Simonotto	Director
Giulia Molteni	Director
Rosanna Ricci	Director
Piercarlo Rossi	Director

BOARD

OF STATUTORY AUDITORS

Antonella Giachetti	Chairman
Alessandro Lai	Statutory Auditor
Giovanni Barbara	Statutory Auditor
Gianmarco Losi	Alternate Auditor
Filippo Dami	Alternate Auditor

INDEPENDENT

AUDITORS

Deloitte & Touche S.p.A.

2021 - 2029

GENERAL

MANAGER

Michele Colaninno

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Immsi Group

Interim Report on Operations

In accordance with the principles of Corporate Governance recommended by the Corporate Governance Code (January 2020 version), and pursuant to Legislative Decree 231/01, the Board of Directors has established the following bodies:

RISK AND SUSTAINABILITY COMMITTEE

Daniele Discepolo	Chairman
Paola Mignani
Rosanna Ricci

RELATED PARTIES COMMITTEE

Rosanna Ricci	Chairman
Paola Mignani
Patrizia De Pasquale

COMPLIANCE COMMITTEE

Marco Reboa	Chairman
Giovanni Barbara
Maurizio Strozzi

APPOINTMENT PROPOSAL AND REMUNERATION COMMITTEE

Daniele Discepolo	Chairman
Paola Mignani
Rosanna Ricci

LEAD INDEPENDENT DIRECTOR

Daniele Discepolo

CHIEF EXECUTIVE OFFICER

Michele Colaninno

INTERNAL AUDIT MANAGER

Maurizio Strozzi

EXECUTIVE IN CHARGE OF FINANCIAL REPORTING

Andrea Paroli

All information on powers reserved for the Board of Directors, the authority granted to the Chairman and CEO, as well as functions of various Committees of the Board of Directors, is available in the Governance section of the Issuer's website www.immsi.it.

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Immsi Group

Interim Report on Operations