The Board of Directors of Equita Group ascertained the independence requirements of Directors and Auditors of the Company

Milan, May 20, 2020

Today the Board of Directors of Equita Group S.p.A. (the “Company”) ascertained, based on the declarations submitted by Directors and Auditors of the Company, that the requirements set forth by Article 13 of the Legislative Decree No. 58/98 (“TUF”) are met.

The Board of Directors also verified, pursuant to Article 148, paragraph 3, of the TUF, as recalled by Article 147-ter, paragraph 1, of the TUF and criteria 3.C.1 of the Borsa Italiana’s Corporate Governance Code adopted by the Corporate Governance Committee in March 2006, as amended on July 2018 (“Corporate Governance Code”), the independence of Paolo Colonna, Silvia Demartini, Massimo Ferrari and Michela Zeme, members of the Board of Directors of the Company. During the meeting, the Board of Directors was also notified that the Board of Statutory Auditors ascertained the independence requirements of Franco Fondi, Laura Acquadro and Paolo Redaelli – standing auditors of the Board of Statutory Auditors of the Company – pursuant to criteria 8.C.1 of the Corporate Governance Code.

The correct application of criteria and procedures adopted by the Board of Directors of the Company to assess and ascertain the independence of its members was verified by the Board of Statutory Auditors during the meeting.