Indel B S p A : Buy back

Press release

Notification share buy-back

Sant'Agata Feltria (Rimini), 14 July 2021 - Indel B S.p.A. - a company listed on the Borsa Italiana MTA 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 Mercato Telematico Azionario (MTA) organized and managed by Borsa Italiana S.p.A., in the period from 08th July to 14th July 2021, total n. 877 of treasury shares (corresponding to 0.015% of the total number of ordinary shares), at a weight average price of Euro 25.7490 for a total counter-value of Euro 22,581.90.

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
07/08/2021	77	25.7000	1,978.90
07/09/2021	80	25.9500	2,076.00
07/12/2021	220	26.1455	5,752.00
07/14/2021	500	25.5500	12,775.00
TOTAL	877	25.7490	22,581.90

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. 133.514.

Related press release: press release of May 21, 2021, press release of June 28, 2021 and press release of July 05, 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 MTA 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 150 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
1bFOWYENy	08/07/2021	13:21:21.257.730	Buy	IT.ico	MTA	INDB	25,70	27
1bFOWYHCc	08/07/2021	14:44:25.609.151	Buy	IT.ico	MTA	INDB	25,70	50
1bQHcLPDF	09/07/2021	10:37:04.296.746	Buy	IT.ico	MTA	INDB	25,80	20
1bQHcLPIG	09/07/2021	10:39:33.575.002	Buy	IT.ico	MTA	INDB	26,00	20
1bQHcLTdQ	09/07/2021	13:15:09.070.044	Buy	IT.ico	MTA	INDB	26,00	20
1bQHcLXcv	09/07/2021	16:01:22.571.372	Buy	IT.ico	MTA	INDB	26,00	20
1bwwtjFHo	12/07/2021	09:51:53.682.020	Buy	IT.ico	MTA	INDB	26,20	15
1bwwtjFHp	12/07/2021	09:51:53.682.020	Buy	IT.ico	MTA	INDB	26,20	35
1bwwtjFuY	12/07/2021	10:18:52.751.608	Buy	IT.ico	MTA	INDB	26,20	50
1bwwtjGkc	12/07/2021	10:58:40.799.695	Buy	IT.ico	MTA	INDB	26,10	50
1bwwtjHq5	12/07/2021	11:49:04.414.023	Buy	IT.ico	MTA	INDB	26,10	50
1bwwtjJNi	12/07/2021	13:23:02.890.789	Buy	IT.ico	MTA	INDB	26,10	20
1cIj5Jrsf	14/07/2021	11:44:12.267.169	Buy	IT.ico	MTA	INDB	25,70	50
1cIj5Jrsg	14/07/2021	11:44:12.385.609	Buy	IT.ico	MTA	INDB	25,70	50
1cIj5Jrvg	14/07/2021	11:46:22.092.294	Buy	IT.ico	MTA	INDB	25,60	50
1cIj5JtOG	14/07/2021	12:53:08.513.062	Buy	IT.ico	MTA	INDB	25,50	50
1cIj5JuYo	14/07/2021	13:57:56.943.707	Buy	IT.ico	MTA	INDB	25,50	50
1cIj5Jvn5	14/07/2021	14:58:04.129.982	Buy	IT.ico	MTA	INDB	25,50	50
1cIj5JxAU	14/07/2021	15:43:40.720.471	Buy	IT.ico	MTA	INDB	25,50	50
1cIj5JyWq	14/07/2021	16:20:24.910.096	Buy	IT.ico	MTA	INDB	25,50	50
1cIj5Jzr5	14/07/2021	16:55:32.968.726	Buy	IT.ico	MTA	INDB	25,50	50
1cIj5K1Ta	14/07/2021	17:29:01.032.772	Buy	IT.ico	MTA	INDB	25,50	50

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