APPROVAL OF THE ISSUER'S STATEMENT IN RELATION TO

THE VOLUNTARY TENDER OFFER ON THE ENTIRETY OF THE CAPITAL

PROMOTED BY CIRCULAR BIDCO S.P.A.

Chiampo (VI), June 10th, 2021 - SICIT Group S.p.A. (the "Company") announces that the Board of Directors of the Company, which met today, approved the statement (t he " Issuer's Statement") pr epared pursuant to article 103, paragraph 3 of the Italian Legislative Decr ee n o. 5 8 /1 998 (" TUF") a nd a rticle 3 9 of Consob Regulation no. 11971/1999 (the "Issuers' Regulation") in relation to the voluntary tender offer on all t he ordinary shares of the Company (the "Offer") promoted by Circular BidCo S.p.A. ("BidCo") pursuant to articles 102 et seq. of TUF.

In particular, the Board of Directors deemed the Offer price of Euro 15.45 for each ordinary share of the Company to be fair from a financial point of view.

For the purposes of said assessment, the Boardof Directors acknowledged, interalia, the terms and conditions of the Offer describedin the relevant offer document, approvedby Consob on 4 June 2021 (the " Offer Document") and considered (i) the opinion of the independent directors drawn up pursuant to article 39-bis of t he Is s uer's Regulation (the "Opinion of the Independent Directors"), approved on 9 June 2021, and(ii) the opinion issued by Nomura Financial Products Europe GmbH, Italian Branch, as independent expert who rendered its opinion for the benefit of the Board of Directors (the "Opinion of the Independent Expert"), both attached to the Issuer's Statement.

For a full description of the assessments made by the Board of Directors on the Offer and on the fairness of t he related consideration, reference shouldbe made to the Issuer's Statement, which was published in a ccordance with the law and is available to the public on the Company's website www.sicitgroup.com, in t he s ection "Voluntary takeover bid of Circular BidCo S.p.A. ", as well as on the authorized storage mechanism "eMarket STORAGE", accessible from www.emarketstorage.com.

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SICIT Group

Founded in 1960 in Chiampo (VI), SICIT was one of the first companies in the world to introduce protein hydrolysates of animal origin into the world market of biostimulants. The company, one of the pioneers of the circular economy, through a process of hydrolysis of residues from the tanning industry, creates high-added-value products for agriculture (biostimulants) and plaster industry (retardants). Thanks to a qualified team, highly automated and technological production plants, state-of-the-art laboratories and constant investments in R&D, S ICIT has become a reference operator at international level, supplying the main players in the agrochemical and industrial sectors.

Since June 2020, the company has been listed on the MTA (Italian Equities Market), Star Segment, of Borsa Italiana.

Web:www.sicitgroup.com

LinkedIn:http://bit.ly/32Q1nrc

For further information:

SICIT Group S.p.A.

Investor Relations

Via Arzignano n. 80

Matteo Carlotti

36072 - Chiampo (VI)

e-mail:investor.relations@sicitgroup.com

tel. +39 0444450946

e-mail:info@sicitgroup.com

Media Relations

Twister communications group

Federico Nascimben

mob.: +39 347 5536979

e-mail:fnascimben@twistergroup.it

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SICIT Group S.p.A. published this content on 10 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 June 2021 19:09:01 UTC.