Saras

Report Publication Announcement • Sep 16, 2022

SARAS: Amendment to Financial Calendar for the year 2022

Milan, September 16th, 2022 – As partial amendment of the Financial Calendar for the year 2022, published on January 25th, in compliance with the provisions of Art. 2.6.2 of the Regulations of Borsa Italiana S.p.A., Saras S.p.A. ("The Company") announces that the updated financial calendar for the year 2022 is as follows:

Approval of Interim financial Report as of 30th September 2022 (*)	Board of Directors, Press Release and Conference Call	Friday 28th October 2022
Approval of Half-Year financial Report as of	Board of Directors, Press Release and	th July 2022
30th June 2022	Conference Call	Friday 29
Approval of Interim financial Report as of	Board of Directors, Press Release and	th May 2022
31st March 2022 (*)	Conference Call	Monday 16
Approval of Saras SpA financial statements	Shareholders' Meeting and Press	th April 2022
as of 31st December 2021	Release	Wednesday 27
Approval of Saras SpA Draft financial statements as of 31st December 2021, Consolidated financial statements and Business Plan update	Board of Directors, Press Release and Conference Call	th March 2022 Monday 14

(*) It is noted that the Board of Director of 10th January 2017, pursuant to art. 82-ter of the Issuers' Regulations, resolved to continue to publish, on a voluntary basis, also the first and third quarter financial information, in order to ensure information continuity to the financial community in line with previous quarterly disclosure. The quarterly financial information will contain quantitative key performance indicators, calculated in coherence with the ones provided during the Half-Year and Full Year financial Reports, as follows: Revenues, EBITDA (comparable and reported), EBIT (comparable and reported), Net Result (comparable and reported), Group Net Financial Position and CAPEX. Moreover, disclosure will concern also the Interim Consolidated Financial Statements and their Explanatory Notes, as well as the usual comments on the Group's and its Segments performance and, if necessary, any additional information intended to define the outlook of the business.

In the above-mentioned dates the Board of Directors' meeting will be held during the morning and the subsequent Press Release will be published shortly after its conclusion. The Conference Call for the presentation of the results to the financial community will be held in the afternoon. All documents will be distributed to the public using the System for Regulated Information referred to as "SDIR-", and afterwards they shall become available on the Company's website, and also on the authorised storage mechanism.

Any amendment to the above Financial Calendar will be duly notified.

This press release has been prepared pursuant to the Regulation implementing Legislative Decree no. 58 of 24th February 1998, adopted by CONSOB under resolution no. 11971 of 14th May 1999, as amended and supplemented. It is available to the public on the Company's website under "Investors/Financial Press Releases", and also on the authorised storage mechanism.

Saras Investor Relations Tel + 39 02 7737 642 ir@saras.it

THE SARAS GROUP

The Saras Group, founded by Angelo Moratti in 1962, is one of the leading players in the European energy and oil refining industry. Through the Parent Company Saras S.p.A., and its subsidiaries, Saras Trading SA, based in Geneva, and Saras Energia SAU, based in Madrid, the Group sells and distributes oil products in the domestic and international markets. The Group also operates in the production of electricity, through its subsidiaries Sarlux S.r.l. (IGCC plant) and Sardeolica S.r.l. (wind plant). Moreover, the Group provides industrial engineering and research services to the oil, energy and environment sectors through its subsidiary Sartec S.r.l.. The Group has about 1,572 employees and total revenues of about EUR 8.6 billion as of 31 December 2021 (about EUR 5.3 billion as of 31 December 2020).