Buy back

Press release

Notification share buy-back

Sant'Agata Feltria (Rimini), 03 November 2021 - Indel B S.p.A. - a company listed on the Borsa Italiana EXM and parent of a group that operates in the manufacture of cooling systems and air-conditioning for mobile and mobile living for the automotive, hospitality and leisure time markets (pleasure boats and recreational vehicles) - under the buyback program of treasury shares announced to the market on May 21, 2021 and approved by the Board of Directors on June 18, 2021 up to n. 125,000 ordinary shares - according to the provision and for the purpose of Article 5 of Regulation (EU) 596/2014 and Article 2, paragraph 3, of the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 - announces to have acquired on the on the Euronext Milan (EXM), organized and managed by Borsa Italiana S.p.A., in the period from 28th October to 03rd November 2021, both total n. 400 of treasury shares (corresponding to 0.007% of the total number of ordinary shares), at a weight average price of Euro 26.5875 for a total counter-value of Euro 10,635.00.

On the basis of information provided by Banca IMI, the authorized intermediary in charge of carrying out the buyback transactions described in this present press release, here below is a summary of the daily transactions, in aggregate form:

DATE	NUMBER ORDINARY	AVERAGE PRICE (EUR)	TOTAL AMOUNT (EUR)
SHARES PURCHASED
10/28/2021	250	26.4600	6,615.00
10/29/2021	150	26.8000	4,020.00
TOTAL	400	26.5875	10,635.00

Detailed and daily information about the buyback transactions carried out in the above-mentioned period is attached to this press release.

Further to the buyback transactions above, the treasury shares held by the Company amount to n. 154,457.

Related press release: press release of May 21, 2021, press release of June 28, 2021, press release of July 05, 2021, press release of July 14, 2021, press release of July 21, 2021, press release of July 28, 2021, press release of August 04, 2021, press release of August 11, 2021, press release of August 18, 2021, press release of August 25, 2021, press release of September 01, 2021, press release of September 08, 2021, press release of September 15, 2021, press release of September 22, 2021, press release of September 29, 2021, press release of October 06, 2021, press release of October 13, 2021, press release of October 20, 2021 and press release of October 27, 2021.

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This press release is available to the public at the Company's registered office, at Borsa Italiana, on the storage mechanism authorised by Consob "1info" (www.1info.it) and in the specific sections of the website www.indelbgroup.com.

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Indel B Spa - Registered, administrative and commercial offices via Sarsinate, 27 - 47866 Sant'Agata Feltria (RN) Italy

Tel. [phone] - Fax [phone] - [e-mail]- www.indelbgroup.com

Share capital Euro 5,842,000 fully paid-in - Economic and Administrative Index (REA) RN - 312757 - Companies House - VAT no./tax

code 02037650419 - Code of International Standard Organization IT02037650419

Indel B S.p.A. is a company listed on the EXM segment of the Italian stock exchange and is controlled by AMP.FIN S.r.l., in turn held entirely by the Berloni family. Indel B S.p.A. heads an important Group that operates worldwide and has been active for the last 50 years in the mobile cooling sector applicable to the Automotive, Leisure time and Hospitality cooling segments. The Group also operates in mobile climate control, with specific reference to the Automotive market, represented by commercial vehicles, minibuses, ambulances, agricultural and earth-moving machinery, and in the Cooling Appliances sector, which mainly comprises cellars for storing wine and small refrigerators for storing milk. The company has a market cap of approximately Euro 164 million.

Contact details

INDEL B	POLYTEMS HIR	FAST-COM
Controller & IR	IR e Comunicazione Finanziaria	Media Relations
Elisabetta Benazzi	Bianca Fersini Mastelloni	Paolo Santagostino
[phone]	+39 06.69923324; [phone]	[phone]
[e-mail]	[e-mail]	[e-mail]

2

Attached
Fill ID	Fill Date	Fill Time	B/S	Country	Market	Security Ref.	Fill Price	Fill Qty

1uuuzaftI	28/10/2021	09:57:46.604.021	Buy	IT.ico	MTA	INDB	26,50	10
1uuuzahTr	28/10/2021	10:22:40.557.583	Buy	IT.ico	MTA	INDB	26,50	140
1uuuzawoX	28/10/2021	17:03:31.673.151	Buy	IT.ico	MTA	INDB	26,40	100
1v5o5OGIb	29/10/2021	17:28:41.727.987	Buy	IT.ico	MTA	INDB	26,80	28
1v5o5OGIc	29/10/2021	17:28:41.728.175	Buy	IT.ico	MTA	INDB	26,80	43
1v5o5OGId	29/10/2021	17:28:41.728.379	Buy	IT.ico	MTA	INDB	26,80	79

Indel B Spa - Registered, administrative and commercial offices via Sarsinate, 27 - 47866 Sant'Agata Feltria (RN) Italy

Tel. [phone] - Fax [phone] - [e-mail]- www.indelbgroup.com

Share capital Euro 5,842,000 fully paid-in - Economic and Administrative Index (REA) RN - 312757 - Companies House - VAT no./tax

code 02037650419 - Code of International Standard Organization IT02037650419