Neodecortech S.p.A.: Material correction made to the Directors’ Report on Operations to the consolidated financial statements at 31 December 2019

PRESS RELEASE

• Material correction made to the Directors' Report on Operations to the consolidated financial statements at 31 December 2019

Filago, 14 February 2020

Neodecortech S.p.A. ("NDT" or the "Company"), the Italian market leader in the production of decorative papers for laminated panels and flooring for interior design, listed on AIM Italia, a multilateral trading system organized and managed by Borsa Italiana S.p.A., announces that a material correction has been made to the Directors' Report on Operations to the consolidated financial statements at 31 December 2019, approved by the Board of Directors on 31 January 2020. Specifically, in the section Outlook on operations and the market, a correction has been made to the forecast trend of the latter.

Mention should be made that, based on the information the Company has on 2020, as far as the world market (net of China) of decorative printing is concerned, 2020 is forecast as a year of moderate growth (1-3%), with probably some slight declines in those geographies affected by macroeconomic uncertainty. At the product family level, growth is expected to be stronger in those segments that are currently setting the trend (super matt surfaces and vinyl materials), on which the Group has shifted its latest production investments.

More specifically, while staying in the general mood of the relevant market as far as the core products (printed and impregnated paper) are concerned, Neodecortech plans to strengthen its growth:

• stepping up the offer and introducing all the range of solutions available for plastic printed film (PPF) and plastic printed laminated film (PPLF), to use in the production of the new LVT (luxury vinyl tiles) flooring category, especially in those geographical areas where such product is highly coveted: USA and UK;
• expanding the Laminates family by launching both a new format (142 cm in addition to 130 cm) and with new main customers in geographical areas that are currently untapped;
• introducing the new family of anti-fingerprint products, EOS, both on paper and thermoplastic support.

The Company announces that it started the production of laminates in 142 cm format at end January. With regard, instead, to the new production plants for PPLF and EOS products, the Company expects to start operations at the beginning of March 2020.

The consolidated financial statements are Investors/Corporate Governance/Documents Meetings section.

available on the Company website in the and Shareholders' Meetings/Shareholders'

Neodecortech S.p.A.

Neodecortech is the Italian market leader in the production of decorative papers for laminated panels and flooring for interior design. The Group's business is in the production of complete and technologically advanced solutions for the realization of interior design projects, covering all stages of the production process for the production of decorative paper, from raw material management, through surface finishing and impregnation, up to the finished product and the management of end-of-line logistics. The Group offers 6 product categories: decorative papers;

Neodecortech S.p.A.	tel [phone]	C.F. e R.I. 00725270151	www.neodecortech.it
Via Provinciale, 2	fax [phone]	P.IVA IT 02833670165	[e-mail]
24040 Filago, Bergamo	Capitale Sociale delib. Euro 27,753,750.00	R.E.A. 193331
	vers. Euro 16.203.000,00

decorative printings; finish foil; melamine film; PPF; laminates (www.neodecortech.it).

ISIN Code ordinary shares: IT0005275778

ISIN Code Warrants: IT0005346785

For further information:

Nomad and Specialist	Investor Relator
BPER Banca S.p.A.	Neodecortech S.p.A.
[e-mail]	T [phone]
051-2756537	F [phone]
www. bper.it	Marco Giussani
	C [phone]
	[e-mail]
	www.neodecortech.it

* * *

This press release is for informational purposes only and does not constitute an offer to the public or an invitation to subscribe or purchase financial instruments in Italy or any other country where such offer or solicitation would be subject to restrictions or authorization by local authorities or otherwise prohibited by law. This press release may not be published, distributed or transmitted to the United States, Canada, Australia or Japan. The shares mentioned in this press release cannot be offered or sold in either Italy or the United States or any other jurisdiction without registration under the applicable provisions or an exemption from the obligation to register under the applicable provisions. The shares mentioned in this press release have not been and will not be registered under the US Securities Act of 1933 nor under the applicable provisions in Italy, Australia, Canada, Japan or any other jurisdiction.

There will be no offer to the public of the Company's shares either in Italy or in the United

States, Australia, Canada or Japan or elsewhere.

Neodecortech S.p.A.	tel [phone]	C.F. e R.I. 00725270151	www.neodecortech.it
Via Provinciale, 2	fax [phone]	P.IVA IT 02833670165	[e-mail]
24040 Filago, Bergamo	Capitale Sociale delib. Euro 27,753,750.00	R.E.A. 193331
	vers. Euro 16.203.000,00