Elica

Transaction in Own Shares • Apr 24, 2024

IR Elica S.p.A.:

Francesca Cocco Lerxi ConsulEng – Investor RelaEons Tel: +39 (0)732 610 4205 E-mail: investor-relaEons@elica.com

Elica S.p.A.:

Michela Popazzi Corporate & Internal CommunicaEon Specialist Mob: +39 345 6130420 E-mail: m.popazzi@elica.com

Press Office: Havas PR: Agnese Borri Tel. +39 0285457031 Mob. +39 3428090372

ELICA CONTINUES TO INVEST IN ITS DEVELOPMENT PROJECT AND LAUNCHES A NEW TREASURY SHARE PURCHASE PLAN

Fabriano, April 24, 2024 - Elica S.p.A. ("Elica" or the "Company") announces that on April 24, 2024, the third tranche of the Elica ordinary share Buyback plan concluded, announced to the market on March 14, 2024 and launched on April 2, 2024, in execuGon of the Shareholders' MeeGng resoluGon of April 27, 2023.

In the period between April 4, 2024 and April 19, 2024, Elica acquired 45,546 ordinary shares (equal to 0.07% of the share capital), with a total value of Euro 85,934 and a volume-weighted average price of Euro 1.89.

As a result of the purchases made, Elica holds a total of 1,371,719 treasury shares, equal to 2.17% of the share capital.

The Company also announces the launch from April 26, 2024 of a new treasury share buyback programme authorised by the Shareholders' MeeGng of April 24, 2024 (the "Buyback Plan") according to the terms previously disclosed to the market.

In execuGon of this Shareholders' MeeGng resoluGon, from April 26, 2024 and unGl the Shareholders' MeeGng called to approve the 2024 financial statements, a Buyback Plan shall be launched, for a maximum 1,000,000 treasury shares (represenGng approx. 1.6% of the subscribed and paid-in share capital). The Buyback Plan serves the following purposes:

a) execute any future share-based incenGve plans which may be authorised in favour of Directors and/or employees and/or business partners of the company and/or its subsidiaries, in accordance with applicable legal and regulatory provisions; and/or

b) undertake agreements with individual Directors, employees and/or business partners of the company or companies controlled by it, not falling under the scrip issue plans governed by ArGcle 114-bis of the CFA; and/or

c) act, where necessary, and in compliance with applicable provisions (including those serving market pracGces), directly or through authorised intermediaries, with the objecGve to contain irregular share price movements of the company and/or to enable fluid trading; and/or

Elica S.p.A. Via Ermanno Casoli, 2 60044 Fabriano (AN) - Italy

Tel. +39 0732 6101 Fax +39 0732 610249 CerEfied e-mail elicaspa@sicurezzapostale.it SDI Code - Y1NM1XC

COMPANIES REGISTER No. and TAX CODE AN 00096570429 SHARE CAPITAL EURO 12,644,560 FULLY PAID-IN

AN ISO 9001 ISO 14001 ISO 45001 CERTIFIED COMPANY elica.com

d) invest in treasury shares within the pursuit of company policies (for example uGlising such as remuneraGon, including shares swaps, for the acquisiGon of investments or in acquisiGon operaGons of other companies), or where market condiGons render such transacGons advantageous; and/or

e) uGlise treasury shares for transacGons such as sales, conferment, allocaGon, exchange

or other disposal within agreements with strategic partners, or to serve any corporate transacGons (e.g. converGble loans); and/or

f) uGlise treasury shares in guarantee of loans.

To execute the Buyback Plan, Elica has appointed Intermonte SIM S.p.A. as the specialised intermediary to adopt decisions on purchases with full autonomy, also with regards to the Gming of transacGons, in compliance with the contractually established parameters and criteria, in addiGon to the applicable rules and the above-stated Shareholders' MeeGng resoluGon.

The Buyback Plan should be executed according to the means and deadlines approved by the Shareholders' MeeGng of April 24, 2024. For further informaGon on the Buyback Plan authorised by the Shareholders' MeeGng, reference should be made to the minutes to the Shareholders' MeeGng of April 24, 2024 and the IllustraGve Report of the Board of Directors, available on the Company's website Shareholders' MeeGng / Elica Corporate.

***

Elica is an Italian company that sits at the forefront of the design and produc6on of home appliances for cooking. It boasts over 50 years of history and global leadership in kitchen extractor systems. It is the European benchmark in electric motors for home appliances and boilers. It employs around 2,600 staff between its headquarters in Fabriano and seven facili6es in Italy, Poland, Mexico and China. These are the figures that tell the story of Elica, which is constantly guided by Chairperson Francesco Casoli. The company's results are inspired by values that have always guided every one of its projects, products, and ac6vi6es: design that combines aesthe6cs and performance for an extraordinary cooking experience, art as a model for crea6ve processes and working methods, and innova6on for technology that brings out the very best in product func6onality.

Elica S.p.A. Via Ermanno Casoli, 2 60044 Fabriano (AN) - Italy

Tel. +39 0732 6101 Fax +39 0732 610249 CerEfied e-mail elicaspa@sicurezzapostale.it SDI Code - Y1NM1XC

COMPANIES REGISTER No. and TAX CODE AN 00096570429 SHARE CAPITAL EURO 12,644,560 FULLY PAID-IN

AN ISO 9001 ISO 14001 ISO 45001 CERTIFIED COMPANY elica.com