Retelit S p A : Press release

PRESS RELEASE

BOARD OF DIRECTORS APPROVES PROPOSALS FOR AMENDMENTS TO THE BY-LAWS REGARDING

GOVERNANCE, TO BE SUBMITTED TO THE NEXT SHAREHOLDERS' MEETING

Milan, March 29, 2021 - The Board of Directors of Retelit S.p.A., which met today, has approved the proposals, to be submitted to the next Shareholders' Meeting on May 20, 2021 in extraordinary session, to amend Article 16 of the company's By-Laws. These proposals concern (i) the granting also to the Board of Directors of the faculty to present a slate of candidates for the renewal of the Board, in addition to (ii) the increase - from one to two - of directors to be selected from slates presented by the minority shareholders, with the increase - from two to three - of the number of slates from which the members of the Board of Directors are selected, and with the provision that in the case of the submission of a single minority slate, two directors shall be drawn from it.

It should be noted that the proposed amendments, if approved, will be immediately applicable as from the adoption of the resolution of the Extraordinary Shareholders' Meeting; therefore, in the case of approval of the amendments, the appointment of the Board of Directors subsequently included in the agenda of the same Meeting will take place according to the procedures set out in the new Article 16 of the By-Laws.

The illustrative report of the Board of Directors, containing, among other matters, the reasons for the amendment proposals, as well as a comparison of Article 16 of the By-Laws in the current and proposed text, will be made available to the public, together with the other illustrative reports relating to each of the matters on the agenda of the Meeting, according to the legally-established deadlines and conditions.

Retelit Group

Retelit is the Italian leader in constructing tailor-made digital transformation projects, executed on entirely Group-managed platforms. In our 20 years we have been the ideal partner for enterprises, the public sector and operators seeking to tackle head-on the challenges of innovation, thanks to a range which covers the entire value chain of ICT and digitalisation services. The combination of Retelit's proprietary assets (a comprehensive fiber optic network in Italy and across the world and a nationwide Data Center network) and the innovation and digital expertise of PA Group (becoming part of the Retelit Group in 2020) has created a unique player in Italy which can offer integrated digital solutions, from infrastructure to data management and from networks to applications. Retelit has been listed on the Italian Stock Exchange since 2000 and on the STAR segment since September 26, 2016.

Investor Relations	Retelit Communication
Dario Pardi	Letizia Cilente
Tel. [phone]	Mob. [phone]
[e-mail]	[e-mail]
CDR Communication	[e-mail]
Vincenza Colucci
Mob. [phone]
[e-mail]
Institutional Media Relations	Media Relations ICT
CDR Communication	Laura Poggi
Angelo Brunello	Tel. [phone]

Mob. [phone]

[e-mail] Francesca Negri

Tel. [phone]