Newlat Food S p A : Early closure of Offer Period

Head office: Via J. F. Kennedy, 16 - 42124 Reggio Emilia - Telephone: [phone] Fax: [phone]

Share Capital € 43,935,050.00 fully paid-up - Economic and Administrative Index of Reggio Emilia (REA) no. 277595 - VAT and Tax ID 00183410653

Company subject to management annd coordination by Newlat Group S.A. pursuant to articles 2497 et seq. of the Ittalian Civil Code.

PRESS RELEASE

"UP TO €200,000,000 SENIOR UNSECURED FIXED RATE NOTES DUE FEBRUARY 2027"

EARRLY CLOSURE OF OFFER PERIOD

Reggio Emilia, 9 February 2021 - Following the publication of the prospectus (the "Prospectus") relating to the public offering (the "Offering") and admission to trading of the senior, unrated, unsecured, non- convertible bond called "Up to € 2000,000,000 Senior Unsecured Fixed Rate Notes due February 2027" (the "Bond") to be issued by Newlat Food S.p.A. (the "Company"), approved by the Central Bank of Ireland on 2 February 2021 and passportedd to Italy on the same date, the Company annouunces that, as a result of strong market demand, the Offerinng of the Bond on the Mercato Telematico dellle Obbligazioni (MOT) organized and managed by Borsa Italiana S.p.A. ("Borsa Italiana") closed early immediately after the opening of the offering period, thiis morning at 9:00 CET, having reached the maximum amount of the Offering of € 200 million.

The terms used in this press release, unless otherwise defined, have the meaning attributed to them in the Prospectus.

In particular, the Bonds were sold for a total amount of € 200,000,000 at an issue price of 100% of the nominal value, represented by no. 200,000 Bonds with a nominal value of € 1,000 each. The gross proceeds of the Offer will amount to € 200,000,000.

The Issue Date of the Bonds, which corresponds to both the date on which inveestors will pay the Issue Price of the Bonds, and the date on which interest on the Bonds will begin to accrue, will be 19 February 2021. The maturity date of the Bondds is therefore 19 February 2027.

The Trading Start Date on the MOOT will be set by Borsa Italiana in accordance with Article 2.4.3 of the Regulations for markets organized and managed by Borsa Italiana. The Company has also submitted to the Irish Stock Exchange plc, which operates as Euronext Dublin ("Euronext Dubllin"), an application for admission of the Bonds to the official list (the "Official List") and for their admmission to trading on its regulated market (the "Regulated Market").

The Executive Chairman of the Company, Angelo Mastrolia, commented: "We are veery satisfied and proud of the great success of our first bond loan, which reached the maximum offer threshold in a few minutes thanks to a large and diversified parterre of institutional investoors. The financial resources raised will allow the Comppany to intensify its M&A activities, both in Italy and abroad and to focus on potential targets of significant size, so to accelerate the achievement of the goal of € 1 billion in consolidated revenuess; this is a very important milestone to continue in the valuue creation process for all our stakeholders and, in particular, for our shareholders. "

Equita SIM S.p.A. acted as the placement agent of the Offering and was appointeed by the Company as a specialist in the purchase of the Bond loans following the start of the negotiatioon of the Bonds on the MOT.

Head office: Via J. F. Kennedy, 16 - 42124 Reggio Emilia - Telephone: [phone] Fax: [phone]

Share Capital € 43,935,050.00 fully paid-up - Economic and Administrative Index of Reggio Emilia (REA) no. 277595 - VAT and Tax ID 00183410653

Company subject to management annd coordination by Newlat Group S.A. pursuant to articles 2497 et seq. of the Ittalian Civil Code.

Further information can be found in the Prospectus available to the public on the Company's website https://corporate.newlat.it/en/inveestor-relations/bond-loan/

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This press release is available on the Company's website www.newlat.itand onn the authorized storage mechanism eMarket Storage at the following address www.emarketstorage.com.

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FOR MORE INFORMATION:

Investors

Benedetta Mastrolia

Newlat Food Investor Relator

Mob. [phone]

[e-mail]

Press Office

Roberto Stasio

Barabino & Partners

Tel. [phone]

Mob. [phone]

[e-mail]

Alice Brambilla

Barabino & Partners

Tel. [phone]

Mob. [phone]

[e-mail]

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The Newlat Group

The Newlat Group is a relevant multinational, multi-brand and multi-channel player in the Italian and European agri-food sector, havingg a large portfolio of products and brands well known in Italy and internationally. The Newlat Group holds a consolidated positioning in the Italian and German markets and sale products in more than 60 counntries. The Newlat Group is mainly active in the pasta, dairy, bakery and special products sectors, and in partticular in the health & wellness, gluten free and baby food sectors.

For more information, visit our webbsite www.newlat.it.

Head office: Via J. F. Kennedy, 16 - 42124 Reggio Emilia - Telephone: [phone] Fax: [phone]

Share Capital € 43,935,050.00 fully paid-up - Economic and Administrative Index of Reggio Emilia (REA) no. 277595 - VAT and Tax ID 00183410653

Company subject to management annd coordination by Newlat Group S.A. pursuant to articles 2497 et seq. of the Ittalian Civil Code.

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THIS PRESS RELEASE MAY NOOT BE DISTRIBUTED IN THE UNITED STTATES, NOR TO ANY PERSON WHO IS LOCATED, RESIDENT OR DOMICILED IN THE UNITED STATES, ITS TERRITORIES OR ITS POSSESSIONS (INCLUDING PORTO RICO, VIRGIN ISLANDS, GUAM, SAMOA, WAKE ISLANDS, NORRTHERN MARIANA ISLANDS, ANY U.S. STATE OR DISTRICT OF COLUMBIA), I.E. ANY U.S. PERSON (AS DEFINED UNDER THE REGGULATION S OF THE UNITED STATES SECURITIESS ACT OF 1933, AS AMENDED) OR ANY PERSON WHO IS LOCATED OR RESIDENT IN ANY OTHER JURISDICTION IN WHICH DISTRIBUTION OF THIS NOTICE IS CONTRARY TO LAW.