MARR S p A : Interim Report as at 30 September 2021

Interim Report

as at 30 September 2021

12 November 2021

MARR S.p.A.

Via Spagna, 20 - 47921 Rimini - Italy Capital stock € 33.262.560 fully paid

Tax code and Trade Register of Romagna-Forlì-Cesena and Rimini 01836980365 Subject to the management and coordination of Cremonini S.p.A. - Castelvetro (MO) Company subject to the management and coordination of Cremonini S.p.A. - Castelvetro (MO)

TABLE OF CONTENTS

MARR Group Organization

Corporate bodies of MARR S.p.A.

Interim report as at 30 September 2021

• Directors' Report
• Interim Condensed Consolidated Financial Statements
• • Statement of financial position
  • Statement of profit and loss
  • Statement of other comprehensive income
  • Statement of changes in Shareholder's Equity
  • Cash flows statement
  • Explanatory Notes to the Interim Condensed Consolidated Financial Statements
  • Statement by the Responsible for the drafting of corporate accounting documents pursuant to Art. 154- bis paragraph 2 of Legislative Decree 58 dated 24 February 1998

INTERIM REPORT AS AT 30 SEPTEMBER 2021

MARR GROUP ORGANISATION

as at 30 September 2021

The structure of the Group at 30 September 2021 differs from that at 30 September 2020 due to the purchase, finalized on 1st April 2021, by MARR S.p.A. of two companies of the Verrini Group operating in fresh fish, both on the foodservice market and on that of distribution to end consumers.

• The company Antonio Verrini S.r.l., specifically established, in the context of the acquisition of the Verrini business, continues to operate in Liguria and Versilia through the 5 distribution centres at its disposal and has the dual objective of further developing the contiguous territories and assisting the Branches MARR in increasing the level of service, on the product categories that characterize it, in favour of the Customers.
• The company Chef S.r.l., which operates by renting the company "Chef Seafood", continues its current activities of processing fish products for their marketing both directly and through the structure of the MARR branches operating in the neighbouring areas.

In addition to the above, it must be noted that on 27 September 2021 the merger by incorporation of the fully owned company SìFrutta S.r.l. was completed, with legal effects starting from 30 September 2021 and accounting and tax effects backdated to 1st January 2021. The merger operation carried out is aimed at obtaining a rationalization of the economic, financial and administrative management, as the activities of SìFrutta S.r.l., from 1st May 2021, were limited to the leasing of the going concerns to the parent company MARR S.p.A..

INTERIM REPORT AS AT 30 SEPTEMBER 2021

The MARR Group's activities are entirely dedicated to the foodservice distribution and are listed in the following table:

Company	Activity
MARR S.p.A.	Marketing and distribution of fresh, dried and frozen food
Via Spagna n. 20 - Rimini	products for Foodservice operators.
AS.CA S.p.A.	Company which leases going concerns to the Parent
Via Pasquale Tosi n. 1300 - Santarcangelo di
Company MARR S.p.A., effective from 1st February 2020.
Romagna (RN)
New Catering S.r.l.	Marketing and distribution of foodstuff products to bars and
Via Pasquale Tosi n. 1300 - Santarcangelo di
fast food outlets.
Romagna (RN)
MARR Foodservice Iberica S.A.U.	Non-operating company (in pre - liquidation).
Calle Lagasca n. 106 1° centro - Madrid (Spagna)
Jolanda de Colò S.p.A.	Production, marketing and distribution of food products in
Via 1° Maggio n. 21 - Palmanova (UD)	the premium segment (high range).
Antonio Verrini S.r.l.	Marketing and distribution of fresh, frozen and deep-frozen
Via Pasquale Tosi n. 1300 - Santarcangelo di
fish products mainly in the Ligurian and Versilia area.
Romagna (RN)
Chef S.r.l. unipersonale	Marketing and distribution of fresh, frozen and deep-frozen
Via Pasquale Tosi n. 1300 - Santarcangelo di
fish products mainly in the Romagna Riviera.
Romagna (RN)

All the controlled companies are consolidated on a line - by - line basis.

Related companies are evaluated by equity method.

INTERIM REPORT AS AT 30 SEPTEMBER 2021

CORPORATE BODIES

Board of Directors

				Independence as	Independence in
			Member of Control	provided by the
Office	Name and Surname	Executive
Not executive	Corporate	accordance with art.
			and Risk Committee	148 TUF
				Governance Code
Chairman	Ugo Ravanelli
Chief Executive Office	Francesco Ospitali
Director	Claudia Cremonini
Director	Paolo Ferrari
Director (independent)	Marinella Monterumisi
Director (independent)	Alessandro Nova
Director (independent)	Rossella Schiavini

Board of Statutory Auditors

Office	Name and Surname
Chairman	Massimo Gatto
Statutory Auditor	Andrea Foschi
Statutory Auditor	Simona Muratori

Alternate Staturory Auditor Alvise Deganello

Alternate Staturory Auditor Lucia Masini

Independent Auditors

PricewaterhouseCoopers S.p.A.

Manager responsible for the drafting of corporate accounting documents

Pierpaolo Rossi

INTERIM REPORT AS AT 30 SEPTEMBER 2021