Carel Industries

Report Publication Announcement • Mar 19, 2021

Informazione Regolamentata n. 2092-17-2021		Data/Ora Ricezione 19 Marzo 2021 10:20:43	MTA - Star
Societa'	:	CAREL INDUSTRIES S.P.A.
Identificativo Informazione Regolamentata	:	143814
Nome utilizzatore	:	CARELINDUSN03 - Grosso
Tipologia	:	REGEM
Data/Ora Ricezione	:	19 Marzo 2021 10:20:43
Data/Ora Inizio Diffusione presunta	:	19 Marzo 2021 10:20:44
Oggetto	:	CAREL - Notice of filing of Reports of the BoDs on items on the AGM Agenda
Testo del comunicato

Vedi allegato.

Press Release

Notice of filing of the Reports of the Board of Directors on the items of the extraordinary and ordinary Shareholders' meeting of CAREL Industries S.p.A.

Brugine, 19 March 2021 – The Company announces that, today the following documents related to the extraordinary and ordinary Sharholders' Meeting of CAREL Industries S.p.A., called for 20 April 2021 in a single call at 11am, at CAREL Industries headquarter in Brugine (PD), Via dell'Industria, 11, have been made available to the public on the website - www.carel.com, in the "Investor Relations/Shareholders' meetings" section:

• Report of the Board of Directors on the first and only item on the agenda for the extraordinary Shareholders' meeting
• Report of the Board of Directors on items no. 1 and 4 on the agenda for the ordinary Shareholders' meeting
• Report of the Board of Directors on item no. 5 on the agenda for the ordinary Shareholders' meeting
• Report of the Board of Directors on item no. 6 on the agenda for the ordinary Shareholders' meeting

These documents are also available at the registered office of the Company and at the authorized storage system eMarket Storage,

It should be noted that the Report of the Board of Directors on the appointment of the corporate bodies (items no. 2 and 3 on the agenda of the ordinary Shareholders' Meeting) was made available to the public, on the website www.carel.com, in the "Investor Relations/Shareholders' Meetings" section, on 11 March 2021, in accordance with the law and regulations.

For further information

INVESTOR RELATIONS MEDIA RELATIONS

Giampiero Grosso - Investor Relations Manager Barabino & Partners giampiero.grosso@carel.com Fabrizio Grassi +39 049 9731961 f.grassi@barabino.it

+39 392 73 92 125 Francesco Faenza f.faenza@barabino.it +39 02 72 02 35 35

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CAREL

The CAREL Group is a global leader in the design, production and marketing of technologically-advanced components and solutions for excellent energy efficiency in the control of heating, ventilation and air conditioning ("HVAC") and refrigeration equipment and systems. CAREL is focused on several vertical niche markets with extremely specific needs, catered for with dedicated solutions developed comprehensively for these requirements, as opposed to mass markets.

The Group designs, produces and markets hardware, software and algorithm solutions aimed at both improving the performance of the units and systems they are intended for and for energy saving, with a globally-recognised brand in the HVAC and refrigeration markets (collectively, "HVAC/R") in which it operates and, in the opinion of the Company's management, with a distinctive position in the relevant niches in those markets.

HVAC is the Group's main market, representing 66% of the Group's revenues in the financial year to 31 December 2020, while the refrigeration market accounted for 33% of the Group's revenues.

The Group commits significant resources to research and development, an area which plays a strategic role in helping it maintain its position of leadership in the reference HVAC/R market niches, with special attention focused on energy efficiency, the reduction of environmental impact, trends relating to the use of natural refrigerant gases, automation and remote connectivity (the Internet of Things), and the development of data-driven solutions and services.

The Group operates through 27 subsidiaries and nine production plants located in various countries. As of 31 December 2020, approximately 80% of the Group's revenues was generated outside of Italy and 30% outside of EMEA (Europe, Middle East, Africa). Original Equipment Manufacturers or OEMs – suppliers of complete units for applications in HVAC/R markets – make up the Company's main category of customers, which the Group focuses on to build long-term relationships.