SICIT S p A : 2 November 2020 – Procedure for the exercise of SICIT Group warrants

PRESS RELEASE

PROCEDURE FOR THE EXERCISE OF SICIT GROUP S.P.A. WARRANTS

Arzignano (VI), 2 November 2020 - SICIT Group S.p.A. ("SICIT") announces that, pursuant to Article 3, paragraph 4, of the "Regulation of SICIT Group S.p.A. Warrants". (respectively, the "Regulation" and the "Warrants"), since the "Average Monthly Price" of October 2020 of the SICIT Ordinary Shares is equal to Euro 10.8261 and the "Strike Price" is equal to Euro 9.5, the Exercise Ratio of the Warrants for the month of November 2020 is equal to 0.1236.

Applications for subscriptions must be submitted to the intermediary part of Monte Titoli with whom the Warrants are deposited, by the last trading day of November 2020 (i.e. by 30 November 2020).

The Conversion Shares resulting from the exercise of the Warrants will be made available for trading through Monte Titoli on the settlement day following the end of November 2020 and will have the same dividend entitlement as SICIT ordinary shares on the effective date of the exercise of the Warrants.

It should also be noted that pursuant to Article 3, paragraph 8, of the Regulation, when submitting the application for subscription, in addition to providing the necessary and usual information, the Warrant holder will: (i) acknowledge that the shares subscribed in exercise of the Warrants have not been registered under the Securities Act of 1933 and subsequent amendments, in force in the United States of America; (ii) declare not to be a "U.S. Person" as defined at the time of the "Regulations S".

SICIT also announces that during the month of October, requests were received for the exercise of 50,041 Warrants (Exercise Ratio equal to 0.1367); therefore, SICIT issued 6,839 ordinary shares to service this exercise, for a total nominal value of €683.9, in accordance with the procedures set out in the Regulation. As a result of the above, the new share capital of SICIT will amount to Euro 2,440,625.6 divided into 19,654,437 Ordinary Shares and 195,000 Special Shares, both without nominal value, as illustrated in the following table.

1 Source: Infront processing on Borsa Italiana S.p.A. data: Monthly Average Price calculated as the arithmetic average of the daily weighted average prices for the quantities, for each day of trading on the MTA in the month of October 2020.

Previous share capital

No. of shares

Total, of which:

2,439,941.7

(2,415,963.6 ) (nominale teorico) (23,978.1 ) (nominale teorico)

Ordinary shares (regular dividend entitlement

Special Shares (*)

(regular dividend entitlement

(*) Not allowed to negotiations.

19,842,598

19,647,598

195,000

Unit. Nom. Value Euro	No. of shares	Unit. Nom. Value
No	No
19,849,437	nominal

nominal value

value

No nominal value No nominal value

Previous warrants

2,440,625.6

Current share capital

(nominale teorico) (23,976.6 )

No

nominalvalue

nominalvalueNo

195,000

Current warrantsNo. of securities exercised

No. of outstanding exercised

No. of securities exercised

No. of outstanding exercisedWarrants

345,038

6,779,950

395,079

SICIT will ensure the legal publicity requirements at the Companies Registration List in charge.

6,729,909

The Regulation is available in the "Investor Relations" section of the corporate websitewww.sicitgroup.com.

** ** **

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, SICIT 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.

Via Arzignano n. 80 36072 - Chiampo (VI) tel. [phone] e-mail:[e-mail]

Investor Relations Matteo Carlotti e-mail:[e-mail]

Media Relations

Twister communications group Federico Nascimben mob.: [phone] e-mail:[e-mail]