PRESS RELEASE

THE BOARD OF DIRECTORS APPROVES

THE ADDITIONAL FINANCIAL INFORMATION AS AT 30 SEPTEMBER 2022

REVENUE IN THE FIRST NINE MONTHS OF 2022 HIGHER THAN REVENUE IN THE

FIRST NINE MONTHS OF 2021

EBITDA GROWTH CONSOLIDATED IN RELATION TO 2021

NET PROFIT AT EUR 11.4 MILLION, +20% FROM 30 SEPTEMBER 2021

NET FINANCIAL POSITION FURTHER IMPROVED

  • Total revenue: EUR 572.9 million vs. EUR 515.3 million in the first nine months of 2021
  • EBITDA: EUR 22.9 million vs. EUR 18.9 million in the first nine months of 2021 - (adj. EBITDA 9M '221 EUR 23.0 million)
  • EBIT: EUR 17.0 million vs. EUR 13.4 million in the first nine months of 2021 - (adj. EBIT 9M '22 EUR 17.6 million)
  • Net profit: EUR 11.4 million vs. EUR 9.5 million in the first nine months of 2021
  • Net Indebtedness: EUR 12.7 million compared to EUR 44.5 million as at 31 December 2021, after factoring assignments for EUR 5.8 million as at 30.09.2022.

Milan, 11 November 2022 - The Board of Directors of Openjobmetis S.p.A. (Borsa Italiana: OJM), one of the leading Employment Agencies, listed on the STAR segment of the Stock Market managed by Borsa Italiana, approved the Additional Financial Information as at 30 September 2022.

The Managing Director Rosario Rasizza commented: "The economic picture in the third quarter was impacted by rising energy costs, inflation and the complexity of the geopolitical system. However, against this backdrop, the Group's results have been able to remain positive and on the rise, reflecting a present and vibrant labour market.

Increased sales volumes of the subsidiaries Seltis Hub, which specialises in recruitment and selection, Family Care - Employment Agency and Openjob Consulting are further confirmation of our ability to perform in a challenging scenario. We are very proud of a result that provides us with a clear indication on the part of companies to hire even more permanent employees, a sign of security and a readiness for the future, as shown by the results of Seltis Hub.

I also highlight a net profit for the first nine months of 2022 of EUR 11.4 million, a growth of approximately 20% over the first nine months of 2021, a result that brings great satisfaction not only for the Group but also for all stakeholders".

1 Gross of charges mainly relating to non-recurring personnel reorganisation costs

Page 1 of 8

Openjobmetis S.p.A.

EMPLOYMENT AGENCY - Auth. Prot. No. 1111-SG dated 26/11/2004

Tax Code/VAT No./Reg. No. in the Milan-MB-Lodi Register of Companies 13343690155 - Share Capital EUR 13,712,000.00 = fully paid-in

HEADQUARTERS AND OFFICES: Via Marsala, 40/C - Centro Direzionale Le Torri - 21013 Gallarate (VA)

REGISTERED OFFICE: Via Bernardino Telesio, 18 - 20145 Milan Tel. 0331 211501 - info@openjob.it - www.openjobmetis.it PEC (certified e-mail) openjob@secmail.it - SDI SN4CSRI

MAIN CONSOLIDATED ECONOMIC AND FINANCIAL RESULTS AS AT 30 SEPTEMBER 2022

thousands of EUR

9M 2022

9M 2021

Change %

Revenue

572,907

515,275

11.2%

First contribution margin

71,396

64,472

10.7%

EBITDA

22,860

18,947

20.7%

EBIT

16,954

13,389

26.6%

Profit (loss) for the period

11,378

9,476

20.1%

thousands of EUR

30/09/2022

31/12/2021

Change %

NFP

12,745

44,464

(71.3%)

Equity

141,552

134,722

5.1%

INCOME STATEMENT

Revenue for the first nine months of 2022 amounted to EUR 572,907 thousand compared to EUR 515,275 thousand in the same period of 2021, a growth of 11.2%. The increase in revenue for the nine months is attributable, in addition to organic growth, to the consolidation of Quanta S.p.A.2 and its subsidiary Quanta Risorse Umane3, which in 2021 was only consolidated as of 1 June.

Despite the complex conditions of the macroeconomic environment due to the international geopolitical scenario, revenue growth compared to the same period of 2021 impacted the various areas of the Group, in particular +10.4% in contract work, +41.9% in recruitment and selection and +47.1% in revenue from other activities.

The positive performance of the subsidiaries Seltis Hub S.r.l., specialising in recruitment and selection, (approx. +38% compared to 2021) and Family Care S.r.l. - Employment Agency, specialising in providing family assistants dedicated to the elderly (approx. +17% compared to 2021) was confirmed.

EBITDA came to EUR 22.9 million in the first nine months of 2022, compared to EUR 18.9 million in the same period of 2021.

EBIT for the first nine months of 2022 was EUR 17.0 million, compared to EUR 13.4 million in the first nine months of 2021.

The net profit for the period closed at EUR 11.4 million, compared to EUR 9.5 million in 2021.

BALANCE SHEET

Equity as at 30 September 2022 amounted to EUR 141.6 million, compared to EUR 134.7 million as at 31 December 2021.

  1. Merger by incorporation into Openjobmetis S.p.A. with effect for statutory, accounting and tax purposes from 00:00 on 1 January 2022.
  2. Merger by incorporation into Openjob consulting S.r.l. by deed dated 25 March 2022 with effect for statutory purposes from 1 April 2022 and for tax and accounting purposes from 1 January 2022

Page 2 of 8

Openjobmetis S.p.A.

EMPLOYMENT AGENCY - Auth. Prot. No. 1111-SG dated 26/11/2004

Tax Code/VAT No./Reg. No. in the Milan-MB-Lodi Register of Companies 13343690155 - Share Capital EUR 13,712,000.00 = fully paid-in

HEADQUARTERS AND OFFICES: Via Marsala, 40/C - Centro Direzionale Le Torri - 21013 Gallarate (VA)

REGISTERED OFFICE: Via Bernardino Telesio, 18 - 20145 Milan Tel. 0331 211501 - info@openjob.it - www.openjobmetis.it PEC (certified e-mail) openjob@secmail.it - SDI SN4CSRI

The Net Financial Position as at 30 September 2022 was negative by EUR 12.7 million, compared to EUR 44.5 million as at 31 December 2021, after factoring assignments of EUR 5.8 million as at 30.09.2022.

****

SIGNIFICANT EVENTS IN THE FIRST NINE MONTHS OF 2022 AND AFTER 30 SEPTEMBER 2022

As of 00.00 on 1 January 2022, pursuant to Article 2504-bis, paragraph 2, of the Italian Civil Code, the statutory, accounting and tax effects of the merger by incorporation of Quanta S.p.A. into Openjobmetis S.p.A. became effective. The transaction did not entail any increase in share capital as the entire share capital of the merged company Quanta S.p.A. was wholly owned by the merging company.

By a deed dated 25 March 2022, the company Quanta Risorse Umane S.p.A. was declared merged by incorporation into the company Openjob Consulting S.r.l., with effect for statutory purposes from 1 April 2022 and with effect for tax and accounting purposes from 1 January 2022. The transaction allowed for the conclusion of the integration of the Quanta Group, acquired in 2021, within the Openjobmetis Group, consequently simplifying the corporate structure of the Group and obtaining improvements in terms of management flexibility.

On 19 April 2022, the Shareholders' Meeting approved the financial statements as at 31 December 2021, resolving to allocate the profit for the year and distribute a unit dividend of EUR 0.31 for each entitled share. The Shareholders' Meeting then approved the "2022-2024 Performance Shares Plan" for the free allocation of rights to receive ordinary shares of the Company and granted the Board of Directors all powers necessary to fully implement the plan. Furthermore, the Shareholders' Meeting resolved to authorise the Board of Directors to buy back and dispose of treasury shares, subject to revocation of the previous authorisation granted by the Shareholders' Meeting of 30 April 2021, up to a maximum of shares not exceeding 5% of the share capital of Openjobmetis S.p.A. Finally, the Shareholders' Meeting appointed, pursuant to and for the purposes of Article 2386, first paragraph, of the Italian Civil Code and Article 15.16 of the Articles of Association, Lucia Giancaspro as Director of the Company, who will remain in office until the expiry of the term of office of the current Board of Directors, i.e. until the date of the Shareholders' Meeting called to approve the financial statements for the year ending 31 December 2023. For further information, please refer to the relevant press release.

On 19 April 2022, the Board of Directors of Openjobmetis S.p.A. identified the beneficiaries of the first tranche of the 2022-2024 LTI Performance Shares Plan approved at the Shareholders' Meeting of 19 April 2022, including the Chairman of the Board of Directors Marco Vittorelli, the Deputy Chairman Biagio La Porta, the Managing Director Rosario Rasizza and key management personnel, as well as the number of rights assigned to each beneficiary. For further information, please refer to the relevant press release.

Page 3 of 8

Openjobmetis S.p.A.

EMPLOYMENT AGENCY - Auth. Prot. No. 1111-SG dated 26/11/2004

Tax Code/VAT No./Reg. No. in the Milan-MB-Lodi Register of Companies 13343690155 - Share Capital EUR 13,712,000.00 = fully paid-in

HEADQUARTERS AND OFFICES: Via Marsala, 40/C - Centro Direzionale Le Torri - 21013 Gallarate (VA)

REGISTERED OFFICE: Via Bernardino Telesio, 18 - 20145 Milan Tel. 0331 211501 - info@openjob.it - www.openjobmetis.it PEC (certified e-mail) openjob@secmail.it - SDI SN4CSRI

On 8 May 2022, Openjobmetis S.p.A. received an ESG Rating from Sustainalytics for the second year, for a value of 10.4 points compared to 12.5 points in 2021, corresponding to the "Low Risk" level, on a scale from 0 (zero risk) to 40 (very high risk).

No significant events occurred after 30 September 2022.

****

OUTLOOK

In an environment heavily destabilised by the Russia/Ukraine conflict and constantly evolving, it is not possible to estimate the probable consequences that will materialise in relation to the overall economic scenario. At present, if there is no significant change in macroeconomic conditions, the year is expected to end in line with expectations.

Recent forecasts prepared by the Bank of Italy confirm Italian growth for the current year, if present conditions continue, estimated at +3.3%4, thanks to the recovery of tourism and the industrial production sector.

****

It is hereby noted that the Additional Financial Information of Openjobmetis S.p.A. as at 30 September 2022 will be published on the Company's website www.openjobmetis.it(Investor Relations section), in accordance with the applicable laws and regulations.

****

Pursuant to Article 154 bis, paragraph 2 of the Consolidated Law on Finance (TUF), Alessandro Esposti, in his capacity as Manager in charge of financial reporting, hereby states that the financial information contained in this press release corresponds to the documented results, books and accounting records.

****

Disclaimer

Certain statements contained in this press release could represent forecasts. These statements concern risks, uncertainties and other factors that could cause actual results to differ, even substantially, from expectations. These risks and uncertainties include, but are not limited to, the ability to manage the effects of the macroeconomic cycle, and to acquire new business and integrate it effectively, the ability to acquire new contracts, the ability to effectively manage relationships with customers, the ability to achieve and manage growth, currency fluctuations, changes in local conditions, IT systems issues, risks related to inventories, credit and insurance risks, changes in the tax regime, as well as other political, economic and technological factors and other risks and uncertainty.

****

Openjobmetis - an overview: Openjobmetis is the Employment Agency established in 2011 as a result of the merger of Openjob SpA and Metis SpA, combining the unique skills and experiences for which they have always been known. Listed since December 2015,

4 "Economic Bulletin," Bank of Italy, 21 October 2022

Page 4 of 8

Openjobmetis S.p.A.

EMPLOYMENT AGENCY - Auth. Prot. No. 1111-SG dated 26/11/2004

Tax Code/VAT No./Reg. No. in the Milan-MB-Lodi Register of Companies 13343690155 - Share Capital EUR 13,712,000.00 = fully paid-in

HEADQUARTERS AND OFFICES: Via Marsala, 40/C - Centro Direzionale Le Torri - 21013 Gallarate (VA)

REGISTERED OFFICE: Via Bernardino Telesio, 18 - 20145 Milan Tel. 0331 211501 - info@openjob.it - www.openjobmetis.it PEC (certified e-mail) openjob@secmail.it - SDI SN4CSRI

Openjobmetis SpA is the first and only Employment Agency in the STAR segment of Euronext Milan (EXM) operated by Borsa Italiana, and is positioned among the leading Italian operators in its field, with revenue of approximately EUR 720,8 million in the year ended 31 December 2021. Openjobmetis SpA, which provides temporary work employment, operates through a network of 150 branches and Specialized Divisions in a wide range of labour market sectors, including: Healthcare, Banking and Finance, Large-Scale Retail Trade, Big Clients, I&CT, Agro-Industrial and, as well as Techne specialized in aerospace, naval and energy thanks to the acquisition of Quanta S.p.A., a company merged into Openjobmetis with effect from 1 January 2022. Among the services offered, there are also research and selection solutions for direct entry into a company of qualified junior profiles through the Permanent Placement team and the division UNA Forza Vendite which deals with commercial figures and sales agents

Openjobmetis also has the following subsidiaries: (i) Openjob Consulting Srl, active in the management of the financed training activities;

  1. Seltis Hub Srl, the new highly specialized vertical competence center focused on recruitment and selection that operates through the brands Seltis, Meritocracy and Jobmetoo, (iii) Family Care Srl, APL dedicated to family assistance. Finally (iv) HC Srl, a result of the merger of Corium Srl and HC Srl, 92.9% owned, which deals with training, coaching and outplacement and (v) Lyve Srl, a 50.66% subsidiary, a training company specialized in the field of financial and insurance services.

Investor Relations - Alessandro Esposti

Investor.relator@openjob.it

Tel. +39 0331-211501

Press Office - Finance

CDR Communication

Angelo Brunelloangelo.brunello@cdr-communication.it

Tel. +39 329-2117752

Openjobmetis

Tel. 0331 211501comunicazione@openjob.it

Enclosed are the Consolidated Statement of Financial Position, Consolidated Statement of Comprehensive Income and Statement of Net Financial Indebtedness as at 30 September 2022.

Page 5 of 8

Openjobmetis S.p.A.

EMPLOYMENT AGENCY - Auth. Prot. No. 1111-SG dated 26/11/2004

Tax Code/VAT No./Reg. No. in the Milan-MB-Lodi Register of Companies 13343690155 - Share Capital EUR 13,712,000.00 = fully paid-in

HEADQUARTERS AND OFFICES: Via Marsala, 40/C - Centro Direzionale Le Torri - 21013 Gallarate (VA)

REGISTERED OFFICE: Via Bernardino Telesio, 18 - 20145 Milan Tel. 0331 211501 - info@openjob.it - www.openjobmetis.it PEC (certified e-mail) openjob@secmail.it - SDI SN4CSRI

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Openjobmetis S.p.A. published this content on 11 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2022 10:41:04 UTC.