SeSa S p A : Board of Directors - Approval of the draft of the statutory and consolidated financial statements as of April 30, 2021

PRESS RELEASE

Board of Directors of July 12, 2021

Approval of the draft of the statutory and consolidated Financial Statements as of April 30, 2021

Highlights Full Year as of April 30, 2021 (comparison with results as of April 30, 2020)

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Total Revenues and Other Income: Eu 2,037.2 million (+14.7%)

Consolidated Ebitda: Eu 126.0 million (+33.4%)

Consolidated Adjusted Net profit attributable to the Group1: Eu 57.8 million (+40.5%)

Consolidated Net Profit attributable to the Group: Eu 52.3 million (+37.9%)

Consolidated Adjusted NFP2 active (cash & liquidity) equal to Eu 153.5 million vs Eu 71.7 million

Continuous investments in human resources reaching the threshold of about 3,500 employees (+37.4%)

• Confirmed the positive outlook for the financial year to April 30, 2022, supported by the demand for digitalization of businesses and organizations

Other resolutions of the BoD

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Approval of the non-financial statement as of April 30, 2021

Approval of the Report on Corporate Governance and Ownership Structures as well as the Remuneration Report

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Proposal to the Shareholders' Meeting for the authorization to purchase and disposal of ordinary treasury

Convocation of the Shareholders' Meeting for August 26, 2021 with the proposed distribution of a dividend of Eu 0.85 per share (+34.9%)

• Resignation of the independent director Prof. Maria Chiara Mosca with effect from the end of the meeting of the Board of Directors held today (July 12, 2021)

Empoli (FI), July 12, 2021

The Board of Directors of Sesa SpA, reference player in Italy in technological innovation and digital services for the business segment, today approved the draft of the statutory and consolidated financial statements for the Fiscal Year ended on April 30, 2021, drawn up in accordance with the EU-IFRS accounting standards.

The Fiscal Year as of April 30, 2021 closed with a strong growth in skills and human resources, continuing the path of sustainable development to support the digital transformation of the main Italian economic districts and manufacturing ones in Europe.

As of April 30, 2021 Sesa Group achieved significant growth in consolidated revenues (Eu 2,037.2 million +14.7% Y/Y) and profitability (Ebitda Eu 126.0 million +33.4% Y/Y, Adjusted EAT Euro 57.8 million +40.5% Y/Y), thanks to the development of the business in the main areas of technological and digital innovation, reaching the threshold of approximately 3,500 employees as of April 30 2021 (+37.4% Y/Y).

1. Adjusted Net Profit attributable to the Group before amortisation and depreciation of intangible assets (client lists and know-how) recorded as a result of the PPA process relating to corporate acquisitions, net of the related tax effect, equal to Eu 5,566 thousand
2. Adjusted NFP, excluding commitments to deferred payables (equal to Euro 58,805 thousand as of April 30, 2021 compared to Eu 17,017 thousand as of April 30, 2021) for corporate acquisitions (Earn Out, Put Option, deferred prices) non-interest bearing and subject to reaching objectives of long-term creation of value

SeSa S.p.A. headquarters in Empoli (Florence), Via della Piovola 138, Share Capital Euro 37,126,927.50 f.p.,

VAT number, Fiscal and number on the Florence Company Register 07116910964

Ph. Number: 00 39 0571 997444; website www.sesa.it

The growth of the business as of April 30, 2021 exceeds that of the reference market (Italian Information Technology market up by 2.6% in 2020, source Sirmi May 2021), with consolidated revenues of Eu 2,037.2 million as of April 30, 2021 (+14.7% Y/Y) and a contribution to consolidated annual growth deriving from external leverage (M&A in the Fiscal Year) of approximately 25%, mainly relating to the SSI sector. The growth in consolidated revenues was achieved thanks to the development of the business by all sectors of the Group:

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VAD Sector achieves Revenues and Other Income equal to Eu 1,601.3 million, up by (+10.3% Y/Y), favoured by the development of revenues in the collaboration, Security, Data Management, Cloud segments;

SSI Sector achieves Revenues and Other Income equal to Eu 481.8 million (+21.6% Y/Y), thanks to the business development in the areas with the greatest digital transformation growth (Software and Vertical Applications, Digital Cloud, Data Science, Digital Security), supported by the acceleration of the operations of acquisition and the expansion of the human resources equal to 2,413 employees as of April 30, 2021 (+39.4% Y/Y), of which over 200 in countries foreign countries including Germany, France and Spain;

Business Services Sector achieves Revenues and Other Income equal to Eu 47.3 million (+478.2% Y/Y) continuing its development activity and expanding the business in the segment of digital platforms for large account and finance customers. In the comparative year as of April 30, 2020, the Sector contributed to the Group results for a time period of only 3 months.

Thanks to the growth in revenues (+14.7% Y/Y) and the gross margin (+29.0% Y/Y), supported by investments in human resources and the growing positioning of the Group in the areas of digital transformation services, the consolidated Ebitda increased by +33.4% Y/Y, reaching the total of Eu 126,005 thousand, with an Ebitda margin of 6.2% in strong improvement compared to 5.3% of the previous Fiscal Year.

All the reference sectors of the Group contributed to the consolidated EBITDA, with a contribution of external leverage (M&A in the Fiscal Year) of approximately 40%, mainly relating to the SSI Sector:

• VAD Sector achieved an Ebitda of Eu 64,248 thousand, up by +20.6% Y/Y (Ebitda margin 4.0% compared to 3.7% Y/Y);

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SSI Sector reached a total of Eu 55,490 thousand, up by +46.9% Y/Y (Ebitda margin 11.5% significantly improved from 9.5% Y/Y);

Business Services Sector with an Ebitda equal to Eu 2,941 thousand (Ebitda margin 6.2% in line with the consolidated average).

The consolidated Operating Result (Ebit) Adjusted is equal to Eu 91,821 thousand with an increase of 34.1% Y/Y, gross of amortization of intangible assets, Client Lists and Know-Howrecorded following the PPA process for Eu 7,819 thousand (+71.2% Y/Y following the acceleration of investments in company acquisitions). The consolidated Operating Result (Ebit) is equal to Eu 84,002 thousand, up by 31.5%, after amortization for a total of Eu 32,483 thousand (+49.9% Y/Y) and provisions and other non-monetarycosts for Eu 9,520 thousand (+6.7% Y/Y).

The consolidated Adjusted Earnings before taxes increased by 36.9% reaching a total of Eu 88,645 thousand as of April 30, 2021. The consolidated Earnings before taxes as of April 30, 2021 amounted to Eu 80,826 thousand, an increase of 34.3% Y/Y, after net financial charges of Eu 3,176 thousand improving compared to Eu 3,706 thousand.

The consolidated Adjusted Net profit after minority interest (profit attributable to the Shareholders of the Group gross of amortization of intangible assets Client Lists and Know-howrecorded following the PPA process net of the related tax effect for Eu 5,566 thousand) is equal to Eu 57,838 thousand, an increase of

SeSa S.p.A. headquarters in Empoli (Florence), Via della Piovola 138, Share Capital Euro 37,126,927.50 f.p.,

VAT number, Fiscal and number on the Florence Company Register 07116910964

Ph. Number: 00 39 0571 997444; website www.sesa.it

40.5% Y/Y. The consolidated Net profit after minority interests (profit attributable to the Shareholders of the Group) as of April 30, 2021 is equal to Eu 52,272 thousand, increasing by 37.9% Y/Y.

The Group Net Financial Position as of April 30, 2021 is active (cash & liquidity) for Eu 94,681 thousand, improving from Eu 54,700 thousand as of April 30, 2020, thanks to the operating cash flow for the Fiscal Year of approximately Eu 130 million and after investments in capex and M&A for approximately Eu 90 million.

The Group Adjusted Net Financial Position3, (calculated gross of debts for Eu 58,805 thousand deriving from M&A deferred payable, as of April 30, 2021 is active (cash & liquidity) for Eu 153,486 thousand, in strong improvement compared to Eu 71,717 thousand as of April 30, 2020.

In the period under review, the consolidated Shareholders' Equity was further strengthened, which as of April 30, 2021 amounted to Eu 297,355 thousand (of which Eu 278,593 thousand pertaining to the Shareholders), increasing compared to Eu 253,859 thousand as of April 30, 2020.

The Parent Company Sesa S.p.A., Group operative holding, closed the Fiscal Year as of April 30, 2021 with a Net profit of Eu 11,627 thousand, up by 4.7% compared to April 30, 2021 and an active Net Financial Position (net liquidity) for Eu 5,070 thousand, compared to Eu 5,908 thousand as of April 30, 2020, with an Equity of Eu 95,208 thousand compared to Eu 83,480 million as of April 30, 2020.

The Board of Directors therefore proposed to the Shareholders' Meeting of August 26, 2021 (1st call) and August 27, 2021 (if necessary in 2nd call) to distribute a dividend equal to Eu 0.85 per share (up by 34 , 9% compared to the last distribution made in September 2019) in payment from September 22, 2021 (record date September 21, 2021, coupon detachment September 20, 2021), for a maximum total amount of Eu 13,170 thousand.

The Group confirms the positive outlook for the Fiscal Year as of April 30, 2022 already reflected in the current consensus of analysts, with expectations of growth in revenues and profitability exceeding the Group's long-termtrack record (CAGR revenues 2011-2021+10.6%, 2011-2021Ebitda CAGR +13.9%, Adjusted EAT CAGR +17.5%), also in light of the positive trend of the business during the months of May and June 2021, the pipeline of acquisitions under evaluation and the continuous growth of human resources with a target of over 4,000 employees as of April 30, 2022.

The Group will intensify its role as a reference player in the sector, supporting the demand for digital transformation of its customers in a crucial phase of market evolution (average annual growth of the Italian Information Technology market expected in the three-year period 2021-2023 equal to 6.3%, source Sirmi May 2021) and pursuing sustainability policies for the benefit of all Stakeholders.

The strong commitment of the Group continued in the Fiscal Year 2021 with the aim to strengthen the sustainability, social responsibility and environmental protection programs. In particular, the Group distributed as of April 30, 2021 (source Sustainability Report 2021) an economic value of Eu 208.0 million (+49.7% compared to April 30, 2020), intensifying the initiatives on issues related to sustainability, also through the inclusion of "ESG" (Environmental, Social and Governance) objectives in the statutory ones and of all the key people of the organization.

In January 2021, the Shareholders' Meeting approved the integration of the bylaws, aimed at orienting the commitment in pursuing success and sustainable growth for the benefit of all stakeholders. In the same month, the Group completed the assessment and measurement activity of its own impact (B impact assessment), which constitutes the first phase of the process for obtaining the B Corp Certification, one of the most important worldwide standards for assessing ESG performance. At the same time, programs for the

3 Adjusted NFP, excluding commitments to deferred payables (equal to Euro 58,805 thousand as of April 30, 2021 compared to Eu 17,017 thousand as of April 30, 2020) for corporate acquisitions (Earn Out, Put Option, deferred prices) non-interest bearing and subject to reaching objectives of long-term creation of value

SeSa S.p.A. headquarters in Empoli (Florence), Via della Piovola 138, Share Capital Euro 37,126,927.50 f.p.,

VAT number, Fiscal and number on the Florence Company Register 07116910964

Ph. Number: 00 39 0571 997444; website www.sesa.it

improvement of the environmental impact and ESG governance were advanced by obtaining of the ISO 14001 Certification relating to environmental responsibility, the confirmation of the SA 8000 Certification and the adhesion to the United Nations Global Compact, as well as the achievement of the Corporate Social Responsibility rating issued by Ecovadis.

The Chairman Paolo Castellacci and the Chief Executive Officer Alessandro Fabbroni commented on the results for the Fiscal Year as of April 30, 2021 as follows:

"After closing a very positive year, thanks to the extraordinary contribution of our human resources and the collaboration with all our Stakeholders, we look forward to future management with confidence. We will continue to play the role of Italian reference operator in the sector of technological innovation and digital services, increasingly important, also following the pandemic, for the growth of the competitiveness of the Italian economy and the sustainability of the socio-economic models of companies and organizations", stated

Paolo Castellacci, Chairman and founder of Sesa.

"In the current phase of evolution of economic and organizational models, characterized by a strong acceleration of the demand for digital transformation, we report a year of large investments in skills and human resources in order to support the process of digitalization and towards sustainability of companies and organizations. Recent human capital development operations, also through corporate acquisitions, strengthen our role as reference player in the sector, thanks to a unique wealth of skills and applications; we therefore confirm our positive outlook, with the aim of continuing to generate sustainable long-term value for our Stakeholders", stated Alessandro Fabbroni, CEO of Sesa.

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The Board of Directors also adopted the following resolutions:

1. with reference to the Stock Grant Plan 2021-2023 approved by the ordinary Shareholders' Meeting held on August 28, 2020 (incentive and loyalty plan consisting of 3 annual tranches and a final three-year tranche), verified the full achievement of the Annual Target (improving of Ebitda and NFP at consolidated level) for the Fiscal Year as of April 30, 2021, the BoD assigned 58,000 ordinary shares free of charge (as established as the first annual tranche), to the beneficiaries, according to the procedures and timing established in the Plan itself;
2. approved the Report on Corporate Governance and Ownership Structures pursuant to art. 123-bisof Legislative Decree 58/1998 and the Remuneration Policy as well as the Remuneration Report prepared pursuant to art. 123-terof Legislative Decree 58/1998;
3. approved the Report on the Remuneration Policy for the Fiscal Year May 1, 2021 - April 30, 2022 and on the Remuneration Paid in the Fiscal Year May 1, 2020 - April 30, 2021, having introduced "ESG" objectives in the proposals of the Remuneration Policy (Environmental, Social and Governance) for the variable components in the remuneration of the key people of the Group.
4. approved the Final Report on the audit activities as of April 30, 2021 prepared by the Internal Audit Function and on the activities of the Manager in charge as well as the half-yearReport as of April 30, 2021 prepared by the Supervisory Body
5. resolved to submit to the ordinary Shareholders' Meeting a further authorisation to purchase and disposal of ordinary treasury shares with a maximum value of Eu 6 million for the purposes contemplated by art. 5 of the EU Regulation no. 596/2014 and the related implementing provisions. The purchase authorisation is requested until the date of approval of the financial statements relating to the year ending April 30, 2022, for no longer than eighteen months from the date on which the ordinary Shareholders' Meeting will resolve to authorise the purchase, while the duration of the authorisation to sell ordinary treasury shares held in the portfolio is requested without time limits;
6. resolved to convene the ordinary Shareholders' Meeting for August 26, 2021, by first call and, if necessary, by second call on August 27, 2021, to deliberate on the following topics:

SeSa S.p.A. headquarters in Empoli (Florence), Via della Piovola 138, Share Capital Euro 37,126,927.50 f.p.,

VAT number, Fiscal and number on the Florence Company Register 07116910964

Ph. Number: 00 39 0571 997444; website www.sesa.it

Agenda

1. Financial statements of Sesa S.p.A. as of April 30, 2021 and related reports of the Board of Directors, the Board of Statutory Auditors and the Independent Auditors. Inherent and consequent resolutions also in relation to the proposed destination of the Net profit of the Fiscal Year and the distribution of available reserves. Presentation of the consolidated financial statements as of April 30, 2021;
2. Report on the Remuneration Policy for the Fiscal Year May 1, 2021 - April 30, 2022 and on the Remuneration Paid in the Fiscal Year May 1, 2020 - April 30, 2021. Related and consequent resolutions;
3. Appointment of the Board of Directors
   3.1 Determination of the number of members of the Board of Directors

3.2 Determination of the term of office of the Board of Directors

1. 1. Appointment of the members of the Board of Directors
   2. Appointment of the Chairman of the Board of Directors
   3. Determination of the remuneration of the members of the Board of Directors
2. Authorisation to purchase and disposal of ordinary treasury shares. Pertinent and consequent resolutions.
3. Appointment of the independent auditors for the Fiscal Years ended April 30, 2023 - 2031. Pertinent and consequent resolutions.

We also inform that the Board of Directors of Sesa S.p.A. acknowledged of the resignation of Prof. Maria Chiara Mosca from the office of independent director. The resignation had effect from the end of the meeting of the Board of Directors held today; the reason for the resignation lies in the eventuality that Prof. Mosca is called to hold an office incompatible with the maintenance of the current position of director. The Board of Directors thanks Prof. Maria Chiara Mosca for her contribution in carrying out her role in support of the Company.

Here attached you can find the following exhibits (in thousand Euros):

Exhibit n. 1 - Reclassified Consolidated Income Statement as of April 30, 2021

Exhibit n. 2 - Reclassified Consolidated Balance Sheet as of April 30, 2021

Exhibit n. 3 - Reclassified Income Statement of Sesa S.p.A. as of April 30, 2021

Exhibit n. 4 - Reclassified Balance Sheet of Sesa S.p.A. as of April 30, 2021

Exhibit n. 5 - Segment Information as of April 30, 2021

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This press release is also available on the company's website www.sesa.it, as well as on the authorized storage mechanism eMarket Storage consultable at the website www.emarketstorage.com.

Conference Call: Monday July 12, 2021 at 4.00 p.m. (CET), Sesa S.p.A. will hold a conference call with the financial community, in order to discuss the Group's economic and financial results. It is possible to connect through the following phone numbers: from Italy [phone], from the UK [phone], from USA [phone] (international local number), 1 855 2656959 (toll-free number).

Before the conference call, the financial presentation will be available on the company's website, https://www.sesa.it/en/investorrelations/presentations.html.

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SeSa S.p.A. headquarters in Empoli (Florence), Via della Piovola 138, Share Capital Euro 37,126,927.50 f.p.,

VAT number, Fiscal and number on the Florence Company Register 07116910964

Ph. Number: 00 39 0571 997444; website www.sesa.it