Italiaonline : Retrieved notice of call of the Special Meeting of Savings Shareholders – 2 October 2019

Registered office: Via del Bosco Rinnovato 8 - Palazzo U4 - 20090 Assago (MI), Milanofiori Nord

PEC: [e-mail]

Tax Reg.: 03970540963 Milan - Tax Code and VAT Number: 03970540963

Social security cap. euro 20,000,409.64 fully paid-up

RETRIEVED NOTICE OF CALL OF THE SPECIAL MEETING OF SAVINGS SHAREHOLDERS

The savings sharesholders (hereinafter also referred to as "Shareholders") are hereby called to a Special Meeting, in Via Del Bosco Rinnovato 8 - Palazzo U4 - 20090 Assago (MI), Milanofiori Nord, for 2 October 2019 at 5.00 p.m., (and in any case not before the end of the proceedings of the Extraordinary Shareholders' Meeting scheduled for the same date and place), in a single call, pursuant to Article 10, last paragraph, of the Articles of Association, to discuss and resolve on the following

THE ORDER OF BUSINESS:

1. Mandatory conversion of savings shares into ordinary shares. Amendment of Articles 5 and 6 of the Articles of Association. Related and subsequent resolutions.

Any information regarding the modalities and terms:

1. for speaking and voting at the meeting;
2. for the exercise of the right to ask questions before the Shareholders' Meeting and the right to supplement the agenda or present further proposals on items already on the agenda;
3. for the exercise of proxy voting; and
4. the availability of the proposed resolution, the explanatory report on the subject on the agenda and the documents that will be submitted to the Shareholders' Meeting,

are set out in the notice of call, the full text of which, together with the documentation relating to this Shareholders' Meeting, are published in accordance with the terms and conditions laid down by law on the Company's website at the address: www.italiaonline.it, section "Governance/Shareholder Area", to which reference should be made.

Also pursuant to Article 84 of Consob Regulation no. 11971/1999, as amended, it should be noted that the liquidation value of any savings shares subject to withdrawal, calculated in accordance with the provisions of Article 2437-ter, paragraph 3, of the Italian Civil Code, is determined in Euro 498,00 for each savings share. For further details, please refer to the above notice of call

The minutes of the Shareholders' Meeting referred to in this notice will be made available to the public within the terms of the law, by November 2, 2019.

Assago, 26 July 2019

For the Board of Directors

The Chief Executive Officer

(Roberto Giacchi)