Elica

Board/Management Information • Apr 24, 2024

IR Elica S.p.A.:

Francesca Cocco Lerxi ConsulEng – Investor RelaEons T +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 ValenEna Burlando M.+39 335.6182360 valenEna.burlando@havaspr.com Giulia Bertelli M +39 340.1453906 giulia.bertelli@havaspr.com

BOARD OF DIRECTORS OF ELICA S.p.A.

Fabriano, April 24, 2024 – The Board of Directors of Elica S.p.A., mee9ng following its appointment today:

• confirmed Francesco Casoli and Giulio Cocci as Execu9ve Directors of Elica S.p.A., appoin9ng the laFer as Chief Execu9ve Officer;
• set the criteria to assess the significance of rela9onships subject to independence assessment, assuming rela9ons and addi9onal remunera9on to be significant where they exceed the total amount of fixed annual remunera9on for the office and for any par9cipa9on in commiFees and where this total annual remunera9on exceeds Euro 70,000 (significance threshold).
• assessed the independence requirements pursuant to the CFA and the Corporate Governance Code for Directors Elio Cosimo Catania, Angelo Catapano, Susanna Zucchelli and Alice Acciarri. With reference to Director Catania, the Board assessed his con9nued independence of judgement and conduct, also evalua9ng his acquired skills, as well as his professional and ethical quali9es and s9mula9ng aUtude in the Board's dialec9c, despite the fact that he has been a director of the company for more than nine years in the last twelve years.
• on the strength of the posi9ve experience deriving from dealing with the following maFers: appointments, remunera9on, control and risk management, as well as sustainability, prior to board mee9ngs, among the non-execu9ve directors - ensuring transparency and completeness of informa9on and facilita9ng the consulta9ve and proposi9onal func9on of the laFer - an intraboard commiFee was established to which the above-men9oned func9ons were assigned. The Board has specified that these func9ons, even if handled by a single commiFee, will remain separate and that adequate informa9on will be provided on the tasks and ac9vi9es performed for each of the func9ons assigned;
• appointed as members of the CommiFee, in compliance with the provisions of the Corporate Governance Code, the Non-Execu9ve Directors: Angelo Catapano, Alice Acciarri, Elio Cosimo Catania, Cris9na Casoli and Susanna Zucchelli, the laFer serving as Chairman;

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

• assigned the func9ons of the Related Party Transac9ons CommiFee to the Independent Directors as a whole, without prejudice to the right to set up an ad hoc commiFee for specific transac9ons;
• appointed the Independent Director Alice Acciarri as Lead Independent Director;
• iden9fied the Chief Execu9ve Officer Giulio Cocci as in charge of seUng up and maintaining the Internal Control and Risk Management System.

Emilio Silvi, holding the necessary requirements pursuant to the Company By-Laws, was appointed as Corporate Financial Repor9ng Officer, with the favourable opinion of the Board of Statutory Auditors. Emilio Silvi has declared that he does not own any Elica S.p.A. shares and his CV is available on the Company's website hFps://corporate.elica.com/en/governance/governance-contacts. The role of Chief Financial Officer con9nues to be held by Stefania Santarelli.

The Board of Directors also noted the assessment carried out by the Board of Statutory Auditors regarding the independence of the Chairperson of the Board of Statutory Auditors Giovanni FrezzoU and the Statutory Auditors Simona Romagnoli and Paolo Massinissa Magini, considering them independent as per the CFA and the Corporate Governance Code;

The curricula vitae of the members of the Board of Directors and of the Board of Statutory Auditors are available on the Company's website hFps://corporate.elica.com/en/governance/shareholders-mee9ng.

***

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 Chairman 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