December 4, 2020 11:51 - Ordinary and Extraordinary Shareholders’ Meeting

Press Release

THE SHAREHOLDERS' MEETING HOLD IN ORDINARY AND EXTRAORDINARY SESSIONS, APPROVED:

• THE DISTRIBUTION OF A DIVIDEND OF € 0.05 PER SHARE
• AUTHORISATION TO PURCHASE AND SELL TREASURY SHARES
• A SHARE CAPITAL INCREASE, IN ONE OR MORE TRANCHES, UP TO A MAXIMUM OF € 15 MILLION, TO BE
  UNDERTAKEN BY 31 DECEMBER 2022, THROUGH CONTRIBUTIONS IN KIND, WITH THE EXCLUSION OF OPTION RIGHTS
• AMENDMENTS AND CONSEQUENT REVISIONS TO THE BY-LAWS

Turin, 4 December 2020 -PatternS.p.A (AIM: PTR), Italian company founded in 2000 by Francesco Martorella and Fulvio Botto, among the leading players in the pattern-making engineering, development, prototyping and production of fashion lines for some of the most prestigious brands exclusively top luxury segment, announces that the Shareholders' Meeting met today in ordinary and extraordinary sessions in first call, under the chairmanship of Chairman Francesco Martorella.

Due to the Covid-19 emergency, and in compliance with the fundamental principles of protecting the health of the company's shareholders, employees, representatives and consultants and in compliance with Decree Law 18 of 17 March 2020, converted into Law 27/2020 (the "Cura Italia" decree), the shareholders met exclusively via the representative appointed pursuant to Article 135-undecies of Legislative Decree 58 of 24 February 1998, Società per Amministrazioni Fiduciarie SPAFID S.p.A.

The Shareholders' Meeting resolved on the following items on the agenda:

ORDINARY SESSION

1. The Shareholders' Meeting approved the distribution of a dividend, gross of withholding tax, of € 0.05 per share, for a total of € 685,769.20, with coupon detachment on 14 December 2020, record date on 15 December 2020 and payment date on 16 December 2020.
2. Next, as per the second item on the agenda, the Shareholders' Meeting resolved on the authorization to purchase and sell treasury shares in complete compliance with European and Italian regulations in force and accepted market practice over time, up to a maximum of 10% of the share capital and for 18 months from the date of the shareholders' resolution. The authorization to sell the treasury shares is open ended. The Company does not currently hold any treasury shares.

EXTRAORDINARY SESSION

1. As per the first item on the agenda for the extraordinary session, the Shareholders' Meeting approved the share capital increase in one or more tranches, up to a maximum of € 15 million, including the share premium, to be undertaken by 31 December 2022, through contributions in kind, with the exclusion of option rights.
   Accordingly, the shareholders asked to authorize the Board of Directors to carry out - in the event that interesting opportunities arise in the next 24 months - extraordinary transactions in connection with the company's growth, through contributions in kind.
2. In addition, the Shareholders' Meeting resolved to amend article 9 of the by-laws concerning the publication of the notice of call. Specifically, they approved the amendment to paragraph 9.2 to provide for

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Press Release

the publication of the notice of call of the shareholders' meeting on the company's website and, as an alternative to the Official Gazette, the publication of an extract of the notice of call in the daily newspapers Il Sole 24 Ore or Milano Finanza as well, as already provided for.

3. Lastly, they approved amendments to articles 7 (Takeover bids), 9 (paragraph 9.5 only), 10 (paragraph 10.2 only) and 12 (Board of Statutory Auditors) of the by-laws to align them with the AIM Italia Market Regulations following the amendments published in Borsa Italiana Notice no. 17857.

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The Minutes of the Shareholders' Meeting and the Summary report of votes will be made available to the public on the company's website, www.pattern.itwithin the deadline and as provided for by legislation, including regulatory provisions, currently in force.

This press release is available on the websites www.pattern.itandwww.1info.it

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About Pattern Group:

Pattern Spa is a leading company in engineering, pattern-making and production of runways' collections of the most prestigious fashion luxury brands and, since 2014, is the owner of the outerwear brand ESEMPLARE.

The company, founded in 2000 by Franco Martorella and Fulvio Botto, began in 2017 a structured and integrated growing process thanks, first, to the acquisition of Roscini Atelier Srl, leader in the pattern-making and production of the women's lines, and then in 2019 to the merger in the group of Società Manifattura Tessile (S.M.T.), historical company specialized into prototype and production of luxury knitwear.

Pattern Spa listed on the AIM segment of Borsa Italiana on 2019 and was the first Italian company in its sector to have obtained in 2013 the SA8000/Social Accountability Certification and the first Italian signatory in 2019 of the United Nations' Fashion Climate Action Charter confirming the company's strategic choice to invest in sustainability, technology and human resources.

For further information:

Nominated Adviser

CFO SIM S.p.A.

[e-mail]. [phone] Pattern IR e Media Relations

Sara De [e-mail]

IR Advisor - CDR Communication

Silvia Di [e-mail]

Claudia Gabriella [e-mail]

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