Neodecortech S.p.A.: Publication of the documentation for the Company’s Ordinary Shareholders' Meeting scheduled on 24 February 2020.

PRESS RELEASE

• Submission to CONSOB of the application for approval of the Prospectus on the admission to trading of Neodecortech S.p.A. shares and warrants on the MTA, STAR segment.
• Submission to Borsa Italiana of the application for admission to listing of Neodecortech S.p.A. ordinary shares and warrants on the MTA, STAR segment.
• Publication of the documentation for the Company's Ordinary
  Shareholders' Meeting scheduled on 24 February 2020.

Filago, 6 February 2020

Neodecortech S.p.A. ("NDT" or the "Company"), 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 the filing today with CONSOB of the application for approval of the Prospectus pursuant to Article 113 of Legislative Decree no. 58 of 24 February 1998, to Article 42 of EU Delegated Regulation no. 2019/980, and to Article 52 of CONSOB Regulation no. 11971/1999, on the admission to trading of the Company's shares and of the "Warrant Neodecortech 2018-2021" (the "Warrants") on the Mercato Telematico Azionario ("MTA"), possibly STAR segment.

The Company has concurrently submitted to Borsa Italiana an application for admission to listing of the shares and warrants on the MTA and a request for STAR qualification, as well as a request to withdraw its financial instruments from trading on AIM Italia, subject to their concurrent admission to trading on the MTA, STAR segment.

For the transition process on the MTA, the Company is assisted by Gianni, Origoni, Grippo, Cappelli & Partners as legal advisor, BDO Italia as the Independent Auditors, E&Y S.p.A. as consultant for the business plan and the management control system, Studio Boldrini Pesaresi

• Associati as tax advisor, and Studio LMB Commercialisti Associati as consultant. BPER Banca S.p.A. acts as Sponsor and is assisted by BonelliErede as legal advisor.

The Company additionally informs that, with regard to the Ordinary Shareholders' Meeting scheduled on 24 February, the following documents have been filed at the Company's registered office and published on its website www.neodecortech.it in the Investors, Corporate Governance, Documents and Shareholders' Meetings, Shareholders' Meetings section:

• draft financial statements and consolidated financial statements for the year ended 31 December 2019, accompanied by the reports of the Board of Statutory Auditors and the Independent Auditors;
• the explanatory report by the Board of Directors on the items on the agenda of the Ordinary Shareholders' Meeting;
• the proposal of the Board of Statutory Auditors on the appointment of the Independent Auditors;
• the form for the acceptance of the office of Statutory Auditor and the statement certifying possession of the requirements;
• the form for the granting of the proxy to attend the abovementioned meeting. Attached are the tables of the consolidated Statement of Financial Position, consolidated

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

Income Statement and consolidated Statement of Cash Flows at 31 December 2019, prepared in accordance with international accounting standards and previously published on 31 January 2020, with corrections of a few non-material errors made therein.

Below is the Statement of Financial Position of Neodecortech S.p.A. at 31/12/2019 versus 31/12/2018:

	31 DECEMBER	31 DECEMBER	Difference	% Difference
	2019		2018
CONSOLIDATED FIGURES IN EURO THOUSANDS
Trade receivables	19.239	24.052	(4.813)	(20,0%)
Inventory	39.114	35.948	3.166	8,8%
Trade payables	(31.333)	(33.176)	1.843	(5,6%)
Operating NWC	27	.020	26	.824	196	0,7%
Other current receivables	5.294	5.761	(467)	(8,1%)
Other current payables	(4.714)	(4.260)	(454)	10,7%
Tax payables	(881)	(1.387)	506	(36,5%)
Payables from tax consolidation	(422)	(472)	50	(10,6%)
Net Working Capital	26	.297	26	.466	(169)	(0,6%)
Property, plant and equipment	78.871	76.675	2.196	2,9%
Intangible assets	2.905	3.451	(546)	(15,8%)
Other financial assets		-	2.199	(2.199)	(100,0%)
Non-current financial assets not included in NFP	1.853	1.662	191	11,5%
Other non-current assets		108		37	71	191,9%
Fixed assets	83	.738	84	.023	(285)	(0,3%)
Post-employment benefits	(2.887)	(2.867)	(20)	0,7%
Provisions for risks and charges	(918)	(724)	(194)	26,8%
Deferred tax assets and liabilities	(4.416)	(4.252)	(164)	3,9%
Net Capital Employed	101	.814	102	.648	(834)	(0,8%)
Equity	61	.277	58	.603	2.674	4,6%
Cash and cash equivalents	(3.475)	(6.489)	3.014	(46,4%)
Other current financial receivables		(63)		-	(63)	-
Current financial liabilities	21.023	22.682	(1.659)	(7,3%)
Non-current financial liabilities	23.051	27.853	(4.802)	(17,2%)
Net Financial Debt	40	.536	44	.046	(3.510)	(8,0%)
Equity and Net Financial Debt	101	.814	102	.648	(834)	(0,8%)

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

Below is the Income Statement of Neodecortech S.p.A. at 31/12/2019 versus 31/12/2018

	31 DECEMBER	% ON	31 DECEMBER	% ON	Change	% change
	2019	REVENUE	2018	REVENUE
CONSOLIDATED FIGURES IN EURO THOUSANDS
Revenue from sales and services	132	.985	100,0%	130	.943	100,0%	2.041	1,6%
Changes in work in progress, semi-finished and finished		1.359	1,0%		275	0,2%	1.084	393,6%
products
Other revenue	2.873	2,2%	2.601	2,0%	272	10,5%
Value of Production	137	.218	103,2%	133	.819	102,2%	3.399	2,5%
Raw and ancillary materials and consumables	(77.501)	58,3%	(77.194)	59,0%	(307)	0,4%
Other operating expense	(23.097)	17,4%	(20.903)	16,0%	(2.194)	10,5%
Value Added	36	.621	27,5%	35	.722	27,3%	899	2,5%
Personnel expense	(20.724)	15,6%	(17.980)	13,7%	(2.744)	15,3%
EBITDA	15	.897	12,0%	17	.742	13,5%	(1.845)	(10,4%)
Amortization, depreciation	(8.689)	6,5%	(7.157)	5,5%	(1.532)	21,4%
Allocations		(77)	0,1%		-	0,0%	(77)	-
EBIT	7	.130	5,4%	10	.586	8,1%	(3.456)	(32,6%)
Financial components	(1.893)	1,4%	(2.906)	2,2%	1.012	(34,8%)
Exchange gains and losses		(28)	0,0%		(57)	0,0%	29	(50,5%)
Profit (loss) before tax	5	.209	3,9%	7	.623	5,8%	(2.414)	(31,7%)
Income tax	(1.248)	0,9%	(1.593)	1,2%	345	(21,6%)
Profit (loss) for the period	3	.961	3,0%	6	.030	4,6%	(2.068)	(34,3%)

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

Below is the Statement of Cash Flows of Neodecortech S.p.A. at 31/12/2019 versus 31/12/2018:

	31 December	31 December
Euro thousands	2019	2018
Profit (loss) for the period	3.961	6.030
Income tax	1.001	1.381
Deferred/(prepaid) tax	247	212
Interest expense/(interest income)	1.922	2.963
(Dividends)
(Gains)/losses from disposal of assets	(228)	(5)
1 Profit (loss) for the period before income tax, interest,	6.903	10.590
dividends and gains/losses from disposals
Adjustments for non-monetary items that had no
balancing entry in net working capital:
Allocation to post-employment benefits	22	34
Allocations to other provisions	77
Depreciation of fixed assets	8.689	7.157
Write-downs for impairment losses
Other adjustments for non-monetary items	757	1.376
2 Cash flow before changes in NWC	16.447	19.157
Changes in net working capital
Decrease/(increase) in receivables from customers	4.647	3.699
Decrease/(increase) in inventory	(3.166)	(2.682)
Increase/(decrease) in payables to suppliers	(3.143)	(2.185)
Decrease/(increase) in other receivables	639	1.880
Increase/(decrease) in other payables	(863)	(576)
Other changes in net working capital	5	(137)
3 Cash flow after changes in NWC	14.567	19.155
Other adjustments
Interest received/(paid)	(1.518)	(1.693)
(Income tax paid)	(698)	(265)
(Gains)/losses from disposal of assets
Dividends received
(Utilization of provisions)		(546)
(Utilization of provisions for post-employment benefits)	(248)	(178)
4 Cash flow after other adjustments	12.103	16.473

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

A Cash flow from operations	12.103	16.473
Property, plant and equipment	(7.615)	(6.868)
(Purchase)	(7.615)	(6.868)
Disposal
Intangible assets	(368)	(860)
(Purchase)	(368)	(860)
Disposal
Non-current financial assets	2.426
(Purchase)	2.426
loans granted
Proceeds from disposal of assets	251

B Cash flow from investing activities	(5.306)	(7.728)
Liabilities	(7.612)	(6.245)
Increase (decrease) in current bank payables	(2.326)	(1.559)
New loans	182	1.128
Repayment of loans	(3.025)	(3.209)
Increase (decrease) in non-current bank payables	(52)
Financial liabilities to other lenders	(2.173)	(3.314)
Change in financial receivables from other lenders	(218)	710
Equity	(2.198)	(2.114)
Share capital increase
Sale (purchase) of treasury shares	(197)	(94)
Other changes in equity	(2.001)	(2.020)
C Cash flow from financing activities	(9.809)	(8.359)
Increase (decrease) in cash and cash equivalents (A ± B ± C)	(3.013)	386
Cash and cash equivalents at 1 January	6.489	6.103
Cash and cash equivalents at 31 December	3.475	6.489

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

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; 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