OVS S p A : Appointment of the Internal Committees of the Board of Directors

PRESS RELEASE

THE BOARD OF DIRECTORS APPOINTED THE MEMBER OF THE COMMITTEES

Venezia-Mestre,4 August 2020 - The Board of Directors of OVS S.p.A. convened today, following its appointment by the Shareholders' Meeting held on 9 July 2020, on the basis of the information provided by them, ascertained that Carlo Achermann, Massimiliano Magrini, Chiara Mio and Elena Garavaglia meet the independence requirements provided for by current regulations and by the Corporate Governance Code as well as Franco Moscetti holds independence requirements provided for by article 148, paragraph 3 of the TUF.

In line with the Corporate Governance Code, adopted by the Company,The Board of Directors, also, confirmed the establishment of the Control, Risks and Sustainability Committee and the Nomination and Remuneration Committee as well as the Related Party Transactions Committee, appointing the directors called to sit on each Committee.

The following were called to sit on the Control, Risks and Sustainability Committee: directors Chiara Mio, as Chairman, Massimiliano Magrini and Franco Moscetti, all of whom are non-executive and the first two also meet the independence requirements provided for by current regulations and by the Corporate Governance Code.

The following were called to sit on the Nomination and Remuneration Committee: directors Chiara Mio, as Chairman, Carlo Achermann and Giovanni Tamburi, all of whom are non executive and the first two also meet the independence requirements provided for by current regulations and by the Corporate Governance Code.

The following were appointed as members of the Related Party Transactions Committee: directors Elena Garavaglia, as Chairman, Carlo Achermann and Chiara Mio, all of whom meet the independence requirements provided for by current regulations and by the Corporate Governance Code.

The term of appointment is equal to that of the Board of Directors, i.e. until the approval of the financial statements for the year ended 31 January 2023.

All the curricula of the members of the Committee are available on the Company's website at www.ovscorporate.it.

For further information:	*** ***** ***
Federico Steiner	Investor Relations OVS S.p.A.
Barabino & Partners SpA	[e-mail]
E-mail:[e-mail]	Via Terraglio n. 17, 30174,
Cell. +39 335.42.42.78	Venezia - Mestre