Toscana Aeroporti S p A : Agreement for the sale of Toscana Aeroporti Handling S.r.l.

PRESS RELEASE

Agreement for the sale of Toscana Aeroporti Handling S.r.l.

Florence, December 1,2022 TAan Italian company listed on Euronext Milan of Borsa Italiana S.p.A. which manages Florence and Pisa airports announces it has received and accepted an irrevocable binding offer from Alisud S.p.A.

Alisud for the acquisition of Toscana AeroportiTAHprovides ground handling services for aircraft, passengers and goods at Florence and Pisa airports and that employs a total of 322 staff (Full Time Equivalent at December 31, 2021).

In 2021, a year still impacted by the effects of the Covid-19 health emergency, TAH reported

Alisud is the parent company of the GH Group, the largest airport handling group in Italy,

Full Time Equivalent personnel (2019 pre-Covid data).

thousand, to be fully paid at the execution date. Toscana Aeroporti reserves the right to exercise, after 24 months from the execution date, a put option to sell the residual 20% of to Alisud S.p.A. In addition, upon achievement of the pe

levels, as well as the first- and second-level bargaining agreements, for 24 months after the execution date.

The sale of TAH is expected to take place by December 31, 2022, subject to some conditions precedent, including an agreement between the parties on the contractual documentation.

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Toscana Aeroporti S.p.A. is the management company of the Florence and Pisa airports. Founded on 1 June 2015 through the merger of AdF - Aeroporto di Firenze S.p.A. (managing company of the Florence A. Vespucci airport) and SAT - Società Aeroporto Toscano S.p.A. (managing company of the Pisa G. Galilei Airport), Toscana Aeroporti S.p.A. stands out for the complementary nature of the two airports, each with its own specific features: Florence airport focuses on the development of business and leisure traffic through full-service carriers, linking the major European hubs; whereas Pisa airport focuses mainly on tourism traffic operated by low-cost carriers and on cargo flights, paying particular attention to intercontinental connections. The Tuscan Airport System is one of the most important in Italy and is a driver of local economic development

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Contacts:

Toscana Aeroporti S.p.A.

Gabriele Paoli

Investor Relations Manager

[e-mail]

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