Carel Industries

Declaration of Voting Results & Voting Rights Announcements • Sep 18, 2023

Ordinary and extraordinary Shareholders' meeting 14 September 2023

Summary account of the votes on the items of agenda pursuant to article 125-quarter, paragraph 2, of Legislative Decree No. 58/98

Item 1 of the agenda of the ordinary part of the Shareholders' meeting Integration of the Board of Auditors through the appointment of an alternate auditor; related and consequent resolutions.

Shares present at the meeting when the vote was opened no. 91,336,479 equal to 91.336% of the no. 100,000,000 shares representing the share capital, corresponding to no. 147,503,919 voting rights equal to 94.452% of the no. 156,167,440 total voting rights

The voting result was the following:

	No. Voting Rights	% on voting rights
Votes for	145,862,634	98.887%
Votes against	858,539	0.582%
Abstentions	782,746	0.531%
Total	147,503,919	100%

Vote result

Item 1 of the agenda of the extraordinary part of the Shareholders' meeting Proposal to increase the share capital, against payment and in divisible form, up to a maximum overall amount of Euro 200,000,000.00 (including any share premium), through the issuance of ordinary shares, to be offered in option to the Company's Shareholders pursuant to Article 2441, paragraph 1, of the Italian Civil Code; related amendments to Article 5 of the By-Laws; related and consequent resolutions.

Shares present at the meeting when the vote was opened no. 91,336,479 equal to 91.336% of the no 100,000,000 shares representing the share capital, corresponding to no. 147,503,919 voting rights equal to 94.452% of the 156,167,440 total voting rights

The voting result was the following:

Vote result

	No. Voting Rights	% on voting rights
Votes for	147,501,823	99.999%
Votes against	2,096	0.001%
Abstentions	0	0.000%
Total	147,503,919	100%