Sanlorenzo S p A : SHARE BUY-BACK REPORT FOR THE PERIOD 12-18 NOVEMBER 2020

SANLORENZO S.P.A.:

SHARE BUY-BACK REPORT FOR THE PERIOD 12-18 NOVEMBER 2020

Ameglia (SP), 18 November 2020 - Sanlorenzo S.p.A. ("Sanlorenzo" or the "Company"), with regards to the treasury share buy-back program authorised by the Ordinary Shareholders' Meeting on 31 August 2020, as disclosed on 24 September 2020 also pursuant to Article 144-bis of Consob Regulation no. 11971 of 14 May 1999 as subsequently amended (the "Issuers' Regulations"), announces the purchase on the Mercato Telematico Azionario organised and managed by Borsa Italiana S.p.A., in the period from 12 to 18 November 2020, of no. 16,947 ordinary shares, equal to 0.049% of the share capital subscribed and paid-in, at an average price of €15.35 per share, for a total amount of €260,156.98.

The purchases were made through the intermediary Intesa Sanpaolo S.p.A.

Purchases of ordinary shares of Sanlorenzo S.p.A. (ISIN IT0003549422) made on the Mercato Telematico Azionario in the period are presented below on a daily aggregated basis:

Date	No. of shares acquired	Average price (€)	Value (€)
12/11/20	7,500	15.32	114,923.34
13/11/20	2,940	15.39	45,236.48
16/11/20	1,007	15.29	15,401.22
18/11/20	5,500	15.38	84,595.94
TOTAL	16,947	15.35	260,156.98

Following the purchases made so far, as of today's date, Sanlorenzo S.p.A. holds no. 32,168 ordinary shares, equal to 0.093% of the share capital subscribed and paid-in.

The breakdown of daily transactions is presented below:

Date	Time	No. of shares acquired	Price (€)
12/11/2020	10:13:11	124	15.40
12/11/2020	10:13:11	126	15.40
12/11/2020	10:14:57	7	15.40
12/11/2020	10:14:57	4	15.40
12/11/2020	10:40:29	279	15.40
12/11/2020	10:40:31	186	15.40
12/11/2020	10:47:04	24	15.40
12/11/2020	10:47:04	949	15.40
12/11/2020	10:47:13	51	15.40
12/11/2020	10:47:16	191	15.36
12/11/2020	11:38:44	59	15.36
12/11/2020	12:10:16	184	15.34
12/11/2020	13:08:33	150	15.36
12/11/2020	13:17:51	7	15.36
12/11/2020	13:25:38	20	15.36
12/11/2020	13:25:38	139	15.36
12/11/2020	13:47:26	123	15.26
12/11/2020	13:47:29	165	15.26
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Date	Time	No. of shares acquired	Price (€)
12/11/2020	13:54:14	6	15.26
12/11/2020	14:13:04	206	15.26
12/11/2020	14:55:16	116	15.32
12/11/2020	14:55:16	84	15.32
12/11/2020	15:08:28	150	15.22
12/11/2020	15:08:28	55	15.22
12/11/2020	15:08:28	10	15.22
12/11/2020	15:08:28	3	15.22
12/11/2020	15:08:28	200	15.24
12/11/2020	15:08:28	35	15.24
12/11/2020	15:08:28	68	15.24
12/11/2020	15:08:30	187	15.24
12/11/2020	15:09:40	370	15.28
12/11/2020	15:09:40	7	15.28
12/11/2020	15:09:40	124	15.30
12/11/2020	15:09:40	17	15.30
12/11/2020	15:11:24	22	15.32
12/11/2020	15:11:24	336	15.32
12/11/2020	15:11:24	101	15.32
12/11/2020	15:11:24	11	15.34
12/11/2020	15:11:24	1,000	15.34
12/11/2020	15:11:24	147	15.34
12/11/2020	15:11:24	31	15.34
12/11/2020	15:19:58	152	15.34
12/11/2020	15:19:58	1	15.30
12/11/2020	15:20:06	187	15.30
12/11/2020	15:20:40	200	15.30
12/11/2020	15:20:40	58	15.30
12/11/2020	16:23:31	8	15.30
12/11/2020	16:37:12	28	15.30
12/11/2020	16:45:53	227	15.24
12/11/2020	16:45:53	26	15.24
12/11/2020	16:45:58	39	15.24
12/11/2020	17:19:05	359	15.26
12/11/2020	17:19:05	101	15.26
12/11/2020	17:29:52	9	15.26
12/11/2020	17:29:53	4	15.26
12/11/2020	17:29:53	2	15.26
12/11/2020	17:29:53	7	15.26
12/11/2020	17:29:53	3	15.26
12/11/2020	17:35:48	15	15.40
13/11/2020	09:31:01	100	15.38
13/11/2020	09:39:43	200	15.38
13/11/2020	09:41:57	6	15.32
13/11/2020	09:49:02	94	15.32
13/11/2020	09:57:29	82	15.30
13/11/2020	09:57:44	222	15.34
13/11/2020	09:58:23	200	15.40

2

Date	Time	No. of shares acquired	Price (€)
13/11/2020	09:58:29	175	15.40
13/11/2020	09:58:38	311	15.40
13/11/2020	09:58:52	121	15.40
13/11/2020	10:10:59	100	15.36
13/11/2020	10:10:59	39	15.40
13/11/2020	12:08:20	150	15.40
13/11/2020	14:29:19	100	15.40
13/11/2020	16:25:01	150	15.40
13/11/2020	16:25:01	100	15.40
13/11/2020	16:43:51	50	15.40
13/11/2020	16:44:01	300	15.40
13/11/2020	16:53:50	100	15.40
13/11/2020	17:35:24	294	15.40
13/11/2020	17:35:24	2	15.40
13/11/2020	17:35:24	16	15.40
13/11/2020	17:35:24	21	15.40
13/11/2020	17:35:24	7	15.40
16/11/2020	12:09:39	150	15.28
16/11/2020	12:09:39	130	15.28
16/11/2020	12:09:39	20	15.30
16/11/2020	12:20:06	100	15.30
16/11/2020	12:41:25	100	15.30
16/11/2020	14:15:05	89	15.30
16/11/2020	14:15:15	11	15.30
16/11/2020	14:21:25	200	15.30
16/11/2020	14:21:58	37	15.30
16/11/2020	14:21:58	163	15.30
16/11/2020	14:21:58	7	15.26
18/11/2020	10:44:20	171	15.40
18/11/2020	10:44:20	29	15.40
18/11/2020	10:44:21	162	15.36
18/11/2020	14:06:30	38	15.40
18/11/2020	14:32:59	200	15.38
18/11/2020	14:34:02	255	15.40
18/11/2020	14:34:16	414	15.40
18/11/2020	14:34:26	222	15.40
18/11/2020	14:34:37	188	15.40
18/11/2020	14:34:47	245	15.40
18/11/2020	14:34:48	150	15.36
18/11/2020	14:42:10	26	15.40
18/11/2020	14:44:52	162	15.32
18/11/2020	16:04:34	49	15.40
18/11/2020	16:11:20	39	15.40
18/11/2020	16:11:20	50	15.40
18/11/2020	16:18:26	164	15.28
18/11/2020	16:18:26	136	15.28
18/11/2020	16:19:25	150	15.32
18/11/2020	16:19:25	45	15.32

3

Date	Time	No. of shares acquired	Price (€)
18/11/2020	16:19:40	79	15.34
18/11/2020	16:19:40	47	15.34
18/11/2020	16:19:40	164	15.34
18/11/2020	16:20:07	60	15.40
18/11/2020	16:20:09	290	15.40
18/11/2020	16:20:13	255	15.40
18/11/2020	16:20:19	190	15.40
18/11/2020	16:20:29	311	15.40
18/11/2020	16:20:36	222	15.40
18/11/2020	16:20:47	260	15.40
18/11/2020	16:27:33	52	15.36
18/11/2020	16:27:33	27	15.40
18/11/2020	16:36:25	48	15.40
18/11/2020	17:05:13	100	15.40
18/11/2020	17:08:39	9	15.34
18/11/2020	17:17:28	50	15.34
18/11/2020	17:17:35	48	15.40
18/11/2020	17:17:35	98	15.40
18/11/2020	17:17:35	45	15.40
18/11/2020	17:17:45	55	15.40
18/11/2020	17:17:58	195	15.40

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Sanlorenzo S.p.A.

Sanlorenzo is a worldwide leader in terms of number of yachts over 30 metres long. It is the only player in luxury yachting to compete in different sectors with a single brand, producing yachts and superyachts tailored to every boat owner, characterised by a distinctive and timeless design.

Sanlorenzo's production is broken down into three divisions:

• Yacht Division - composite yachts of a length between 24 and 38 metres;
• Superyacht Division - superyachts in aluminium and steel of between 40 and 68 metres long;
• Bluegame Division - sport utility yachts of length between 13 and 22 metres.

Sanlorenzo's production is articulated over four production sites located in La Spezia, Ameglia (SP), Viareggio (LU) and Massa. The sites are strategically located near to each other, so allowing significant operational efficiencies.

The Group employs around 500 people and cooperates with a network of 1,500 qualified craft enterprises. It can rely on an international distribution network and a widespread service network for customers all over the world.

In 2019, the Group generated net revenues from the sale of new yachts of around €456 million, adjusted EBITDA of €66 million and a Group net profit of €27 million.

www.sanlorenzoyacht.com

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