Tamburi Investment Partners S p A : Annual Shareholders’ Meeting

SHAREHOLDERS 'MEETING

FINANCIAL STATEMENTS AS AT 31 DECEMBER 2021 APPROVED DIVIDEND OF 0.11 EUROS PER SHARE, PAYABLE ON MAY 25, 2022

NEW BOARD OF DIRECTORS APPOINTED AUTHORIZED THE PURCHASE OF TREASURY SHARES 2022/2023 PERFORMANCE SHARE PLAN AUTHORIZED INDEPENDENT AUDIT FIRM FOR THE YEARS 2023/2031 APPOINTED

THE BOARD OF STATUTORY AUDITORS INTEGRATED

The Shareholders' Meeting of Tamburi Investment Partners S.p.A. ("TIP" - tip.mi) independent and diversified industrial group listed on the Euronext STAR Milan segment of Borsa Italiana S.p.A., which met in ordinary session on first call today 28 April 2022 in Milan, has adopted the following resolutions.

2021 separate Financial Statements

The consolidated pro forma net profit was 127.9 million, compared to 36.4 million in 2021 and shareholders' equity is approximately 1.26 billion compared to approximately 1.07 billion as of December 31, 2020 after dividend distributions for approximately 31 million and purchases of treasury shares for approximately 17.2 million. The consolidated net profit, considering the application of IFRS 9, was Euro 25,182,234.

Today's shareholders' meeting also approved the separate financial statements closed on 31 December 2021 of TIP S.p.A. which presents a profit for the year of 6,639,955 euros which, in application of IFRS 9, does not take into account capital gains of over 6 million euros which, not having passed through the income statement, have been directly transferred from the OCI reserve to retained earnings.

The shareholders' meeting approved the distribution to the outstanding ordinary shares of a dividend of 0.11 euros per share, gross of withholding taxes, with detachment date on May 23, 2022, with payment on May 25, 2022 and with date of legitimacy for payment as of May 24, 2022, based on the amount of the profit for the year 2021 and, for the remaining part, on the reserve of retained earnings.

Appointment of the Board of Directors

The shareholders' meeting resolved to determine the number of directors at 10 and appointed the Board of Directors for the three-year period 2022 - 2024, composed as follows:

Giovanni Tamburi, Chairman, Alessandra Gritti, Claudio Berretti, Cesare d'Amico, Isabella Ercole, Giuseppe Ferrero, Sergio Marullo di Condojanni, Manuela Mezzetti, Daniela Palestra, Paul Simon Schapira.

The Shareholders' Meeting also resolved to determine the total annual emolument of directors not vested with offices in 210,000 euros (two hundred and ten thousand) and to remit to the Board of Directors the determination of the remuneration to be paid to directors vested with offices.

The directors Giovanni Tamburi, Alessandra Gritti, Claudio Berretti, Cesare d'Amico, Isabella Ercole, Giuseppe Ferrero, Sergio Marullo di Condojanni, Manuela Mezzetti and Daniela Palestra come from the slate n.1 presented by Giovanni Tamburi (together with Lippiuno S.r.l.), Alessandra Gritti and Claudio Berretti, shareholders owning a total of 20,883,624 ordinary shares of TIP equal to 11.326% of the share capital. Paul Simon Schapira comes from the slate no. 2 presented by a group of asset management companies andinternational and national institutional investors, holders of a total of 5,799,902 ordinary shares of TIP equal to 3.146% of the share capital.

The curricula of the appointed Directors are available on the company's website in the Corporate Governance area, shareholders' meeting documents.

Treasury shares

The shareholders' meeting also authorized, for a period of 18 months from today's date, the acquisition of treasury shares up to the maximum number permitted by law (as of today, 20% of the share capital and, therefore, a maximum of no. 36,875,860 shares, from which to deduct the own shares already in portfolio) as well as to dispose of the own shares already purchased or that will be purchased in the future in execution of this resolution.

The disposals may take place for the pursuit of the purposes referred to in the explanatory report of the Board of Directors and under the following terms and conditions, on one or more occasions on the market, in blocks or through an offer to shareholders and employees and directors, or as consideration in the event of an exchange, exchange, exchange, contribution, transfer or other deed of disposal of own shares carried out in the context of the acquisition of shareholdings or the implementation of industrial projects or other extraordinary finance operations that involve the assignment or disposal of own shares (such as, for example, mergers, demergers, the issue of convertible bonds or warrants, etc.) or to serve share-based incentive plans; the Company may also use the shares for operations to support market liquidity in order to facilitate trading on the securities themselves in times of low liquidity on the market and favor the regular trend of trading. The unit price for the purchase and sale of treasury shares must be established from time to time for each day of operation:

• - at a price not lower than 10% (ten percent) with respect to the reference price that the share will have recorded in the trading session of the previous day;

• - at a price not exceeding 10% (ten percent) with respect to the reference price that the share will have recorded in the previous day's trading session.

The Shareholders' Meeting determined that the limit on the consideration in the event of a purchase will not be applied if circumstances of an extraordinary nature occur on the market while, in the event of alienation, it will not be applied in the event of acts of alienation other than sale and in particular in hypothesis of exchange, exchange, exchange, contribution, transfer or other deed of disposal of own shares carried out in the context of the acquisition of shareholdings or the implementation of industrial projects or other extraordinary finance operations that involve the assignment or disposal of own shares ( such as, by way of example, mergers, spin-offs, the issue of convertible bonds or warrants, etc.) or in the case of the assignment of shares to directors and / or employees (for example, serving incentive plans based on TIP shares); in such cases, different criteria may be used, in line with the objectives pursued and taking into account the current pro tempore market practices, the indications of Borsa Italiana S.p.A and the Consob recommendations.

The resolution was also adopted with the favorable vote of the majority of the shares which are held by shareholders other than the shareholder or by shareholders who hold, even jointly, the majority stake, even relative, provided it is greater than 10 percent of the share capital. Therefore, pursuant to the provisions of art. 44-bis, paragraph 2, of the Issuers' Regulation, in application of the whitewash mechanism, the treasury shares purchased by the Company in execution of said authorization resolution will not be excluded from the sharecapital if, as a result of the purchase of treasury shares, it is determined that the relevant thresholds for the purposes of art. 106 of Legislative Decree 58/1998 are exceeded, by a shareholder.

Therefore, the buy-back plan started on 29 April 2021 ends today and the new plan is launched at the same time.

To date TIP holds a total of no. 16,112,014 treasury shares equal to 8.739% of the share capital, purchased at an average price of 6.187 euro.

Renewal of the D&O and Professional Liability policies and of the Accident and Illness policy

The Shareholders' Meeting also approved the renewal of the "Professional TPL" and "D&O" policy to cover damages resulting from actions or omissions detected in the context of the professional activity carried out by persons who hold positions within the same and approved the renewal of accident and sickness coverage in favor of executive Directors.

Report on the remuneration and remuneration policy and performance share plan

The shareholders' meeting examined the report on the remuneration policy and remuneration of TIP S.p.A., approved by the Board of Directors, and approved the second section in favor. The first section was subject to approval by the assembly on 29 April 2021 with a three-year validity. The Report on the remuneration and remuneration policy is available at the company headquarters and on its website.

The shareholders' meeting, in order to confirm in a rolling manner the main medium-term incentive and retention tool for TIP top management and in general for the employees of the company, approved a new performance share plan which provides the assignment to the beneficiaries of 2,000,000 units which, upon achievement of the performance objectives, entail the assignment of a maximum number of 2,000,000 TIP ordinary shares.

Appointment of the independent audit firm for the period 2023 - 2031

The shareholders' meeting approved the appointment of the independent audit firm for the financial years included in the nine-year period 2023 - 2031 to KPMG S.p.A. determining the consideration.

Supplementation of the Board of Statutory Auditors

As a result of the appointment of the independent audit firm for the period 2023 - 2031 to the auditing company KPMG S.p.A. approved by the Shareholders' Meeting, the resignation of one of the effective members of the Board of Statutory Auditors, Alessandra Tronconi, took effect and Marzia Nicelli, Alternate Auditor belonging to the same list as the outgoing Statutory Auditor, automatically took over the office of Statutory Auditor. In consideration of this, the Shareholders 'Meeting provided for the integration of the Board of Statutory Auditors by appointing Marina Mottura as the new Alternate Auditor, whose candidacy was submitted to the Shareholders' Meeting by the shareholders Lippiuno S.r.l., Giovanni Tamburi, Alessandra Gritti and Claudio Berretti. Mottura's curriculum vitae is available on the company's website in the Corporate Governance area, shareholders' meeting documents.

First meeting of the newly elected Board of Directors

The Board of Directors met at the end of the Shareholders' Meeting and adopted the following resolutions.

Giovanni Tamburi, already appointed Chairman at the Shareholders' Meeting, was also confirmed as Chief Executive Officer and Alessandra Gritti was confirmed as Deputy Chairman and Chief Executive Officer, giving them operational powers and resolving their remuneration pursuant to art. 2389 paragraph 3 of the civil code. The Board of Directors appointed Cesare d'Amico as Deputy Chairman and conferred powers on the Director Claudio Berretti, approving his remuneration pursuant to art. 2389 paragraph 3 of the civil code.

The Board of Directors also verified the existence for all the elected Directors of the requisites of integrity and independence envisaged by the law. The Board of Directors also recognized the Directors Isabella Ercole, Sergio Marullo di Condojanni, Daniela Palestra and Paul Simon Schapira the status of independent directors pursuant to articles 147-ter, fourth paragraph, and 148, third paragraph, of Legislative Decree no. Lgs. N. 58/1998 as well as pursuant to the Corporate Governance Code of listed companies. With regard to the Directors Giuseppe Ferrero and Manuela Mezzetti, the Board of Directors confirms the assessment of independence, despite the lack of one of the requisites envisaged by the Corporate Governance Code, namely the term of office. This confirmation is motivated by the unanimous recognition of the professional qualities and independence of judgment demonstrated in relation to the activity carried out within the Board of Directors, as well as in consideration of the existence of all the other requirements of the Code.

The Board of Directors also appointed Manuela Mezzetti Lead Independent Director, confirmed in office the Supervisory Body, the Manager in Charge, the Employer, the Data Protection Officer, the Secretary of the Board, the Data Controller of Personal Data and appointed the new committees (Nomination and Remuneration Committee; Control and Risk Committee, Related Parties and Sustainability).

The Board of Directors also approved the launch of a new treasury share purchase program up to a maximum of further no. 7,000,000 shares to be carried out by 30 April 2023.

In compliance with art. 77 of Consob resolution no. 11971 of 14/5/1999 and subsequent amendments and additions, is available at the registered office, at the authorized storage mechanism used by the company (www.1info.it), as well as on the company's website at the address www.tipspa.it, the dossier of the financial statements at 31 December 2021, complete with the reports of the independent auditors and the Board of Statutory Auditors. The minutes of the Shareholders' Meeting will be made available to the public in accordance with the law.

The manager in charge of preparing the corporate accounting documents - Claudio Berretti - declares, pursuant to paragraph 2 of art. 154 bis of the Consolidated Law on Finance, that the accounting information contained in this press release corresponds to the documentary results, books and accounting records.

Milan, April 28, 2022

TIP - TAMBURI INVESTMENT PARTNERS S.P.A. IS AN INDEPENDENT AND DIVERSIFIED INDUSTRIAL GROUP WITH THAT INVESTED,

AMONG DIRECT INVESTEMENTS AND/OR CLUB DEALS, MORE THAN 5 BILLION EURO (AT TODAY VALUES) IN COMPANIES DEFINED

AS "EXCELLENT" FROM AN ENTREPRENEURIAL POINT OF VIEW. CURRENTLY TIP HAS INVESTMENTS IN LISTED AND UNLISTED

COMPANIES INCLUDING: ALIMENTIAMOCI, ALKEMY, ALPITOUR, AMPLIFON, ASSET ITALIA, AZIMUT BENETTI, BE, BETA UTENSILI,

BENDING SPOONS, BUZZOOLE, CENTY, CHIORINO, DIGITAL MAGICS, DOVEVIVO, EATALY, ELICA, FAGERHULT, FERRARI, HUGOBOSS, INTERPUMP, ITACA, LIMONTA, LIO FACTORY, MONCLER, MONRIF, OCTO TELEMATICS, OVS, PRYSMIAN, ROCHE BOBOIS,

SESA, STARTIP, TALENT GARDEN, TELESIA AND VIANOVA.

Contacts: Alessandra Gritti

CEO - Investor Relator

Tel. [phone] mail:[e-mail]

This press release is also available on the company's web sitewww.tipspa.it and disclosed by 1Info SDIR and 1Info Storage system(www.1info.it).