Piovan S p A : 04.05.2021 - Summary account of the votes - Shareholders Meeting April 29, 2021

ORDINARY SHAREHOLDERS' MEETING HELD ON APRIL 29, 2021

Summary account of the votes on the items of the agenda

pursuant to article 125-quater, paragraph 2, of Legislative Decree No. 58/1998

A total of 30 Shareholders attended the Shareholders' Meeting by proxy,

for no. 47,411,221 ordinary shares, equal to 88.453771% of the ordinary share capital granting no. 66,698,126 votes, equal to 91.509066% of the total amount of voting rights.

Item 1 of the agenda: Separate and Consolidated Financial Statements at December 31, 2020.

1.1 Approval of the Separate Financial Statements of Piovan S.p.A. at December 31, 2020 and presentation of the Consolidated Financial Statements at December 31, 2020, accompanied by the Board of Directors' Report on Operations, the Board of Statutory Auditors' Report and the Independent Auditors' Reports; resolutions thereon. Presentation of the Consolidated Non-Financial Report prepared pursuant to Legislative Decree No. 254/2016. Resolutions thereon.

The voting result was the following:

		no. shareholders									% total voting
		(in person or by			no. votes			% on votes
								rights
		proxy)
Votes for	30		66,698,126	100.000000	91.509066
Votes against	0		0	0.000000	0.000000
Abstentions	0		0	0.000000	0.000000
No votes	0		0	0.000000	0.000000
Total shares		30			66,698,126			100.000000			91.509066
1.2 Allocation of the profit for the year ended December 31, 2020. Resolutions thereon.
The voting result was the following:
		no. shareholders									% total voting
		(in person or by			no. votes			% on votes
								rights
		proxy)
Votes for	30		66,698,126	100.000000	91.509066
Votes against	0		0	0.000000	0.000000
Abstentions	0		0	0.000000	0.000000
No votes	0		0	0.000000	0.000000
Total shares		30			66,698,126			100.000000			91.509066

Item 2 of the agenda: Report on the policy regarding remuneration and fees paid pursuant to Article 123-ter,paragraphs 3-bis and 6 of Legislative Decree No. 58/98

2.1 Binding motion on Section I regarding the remuneration policy, drawn up pursuant to Article 123-ter, paragraph 3 of Legislative Decree No. 58/1998;

The voting result was the following:

		no. shareholders									% total voting
		(in person or by			no. votes			% on votes
								rights
		proxy)
Votes for	10	56,691,211		84.996707		77.779693
Votes against	20	10,006,945		15.003293		13.729373
Abstentions	0		0		0.000000		0.000000
No votes	0		0		0.000000		0.000000
Total shares		30			66,698,126			100.000000			91.509066

2.2 Non-binding motion on Section II on fees paid, drawn up pursuant to Article 123-ter, paragraph 4 of Legislative Decree No. 58/1998.

The voting result was the following:

		no. shareholders									% total voting
		(in person or by			no. votes			% on votes
								rights
		proxy)
Votes for	25	61,680,173		92.476621		84.624492
Votes against	4		4,404,566		6.603733		6.043014
Abstentions	1		613,387	0.919647		0.841560
No votes	0		0		0.000000		0.000000
Total shares		30			66,698,126			100.000000			91.509066

Item 3 of the agenda: Appointment of the Board of Directors

3.1 Determination of the number of members of the Board of Directors;

The voting result was the following:

		no. shareholders									% total voting
		(in person or by			no. votes			% on votes
								rights
		proxy)
Votes for	30	66,698,126	100.000000		91.509066
Votes against	0		0		0.000000		0.000000
Abstentions	0		0		0.000000		0.000000
No votes	0		0		0.000000		0.000000
Total shares		30			66,698,126			100.000000			91.509066

3.2 Determination of the duration of the mandate of the Board of Directors;

The voting result was the following:

		no. shareholders										% total voting
		(in person or by				no. votes			% on votes
									rights
		proxy)
Votes for	30		66,698,126	100.000000		91.509066
Votes against	0			0		0.000000		0.000000
Abstentions	0			0		0.000000		0.000000
No votes	0			0		0.000000		0.000000
Total shares		30				66,698,126			100.000000			91.509066
3.3 Appointment of the members of the Board of Directors;
The voting result was the following:
		no. shareholders										% total voting
		(in person or by				no. votes			% on votes
									rights
		proxy)
Votes for	29	66,602,496	99.856623		91.377863
Votes against	0		0		0.000000		0.000000
Abstentions	0		0		0.000000		0.000000
No votes	1		95,630	0.143377		0.131203
Total shares		30				66,698,126			100.000000			91.509066

3.4 Appointment of the Chairperson of the Board of Director;

The voting result was the following:

		no. shareholders									% total voting
		(in person or by			no. votes			% on votes
								rights
		proxy)
Votes for	30	66,698,126	100.000000		91.509066
Votes against	0		0		0.000000		0.000000
Abstentions	0		0		0.000000		0.000000
No votes	0		0		0.000000		0.000000
Total shares		30			66,698,126			100.000000			91.509066
3.5 Determination of the total remuneration of the Board of Directors.
The voting result was the following:
		no. shareholders									% total voting
		(in person or by			no. votes			% on votes
								rights
		proxy)
Votes for	30	66,698,126	100.000000		91.509066
Votes against	0		0		0.000000		0.000000
Abstentions	0		0		0.000000		0.000000
No votes	0		0		0.000000		0.000000
Total shares		30			66,698,126			100.000000			91.509066

Item 4 on the agenda: Appointment of the Board of Statutory Auditors for the three-year period 2021-2023

4.1 Appointment of three Statutory Auditors and two Alternate Auditors for the three-year period 2021-2022- 2023;

The voting result was the following:

		no. shareholders									% total voting
		(in person or by			no. votes			% on votes
								rights
		proxy)
Votes for	29	66,602,496	99.856623		91.377863
Votes against	0		0		0.000000		0.000000
Abstentions	0		0		0.000000		0.000000
No votes	1		95,630	0.143377		0.131203
Total shares		30			66,698,126			100.000000			91.509066

4.2 Appointment of the Chairperson of the Board of Statutory Auditors;

The voting result was the following:

		no. shareholders									% total voting
		(in person or by			no. votes			% on votes
								rights
		proxy)
Votes for	30	66,698,126	100.000000		91.509066
Votes against	0		0		0.000000		0.000000
Abstentions	0		0		0.000000		0.000000
No votes	0		0		0.000000		0.000000
Total shares		30			66,698,126			100.000000			91.509066
4.3 Determination of the remuneration of Statutory Auditors.
The voting result was the following:
		no. shareholders									% total voting
		(in person or by			no. votes			% on votes
								rights
		proxy)
Votes for	30	66,698,126	100.000000		91.509066
Votes against	0		0		0.000000		0.000000
Abstentions	0		0		0.000000		0.000000
No votes	0		0		0.000000		0.000000
Total shares		30			66,698,126			100.000000			91.509066