Carel Industries

Declaration of Voting Results & Voting Rights Announcements • Oct 7, 2020

Informazione Regolamentata n. 2092-43-2020		Data/Ora Ricezione 07 Ottobre 2020 12:59:15	MTA - Star
Societa'	:	CAREL INDUSTRIES S.P.A.
Identificativo Informazione Regolamentata	:	137827
Nome utilizzatore	:	CARELINDUSN03 - Grosso
Tipologia	:	2.5
Data/Ora Ricezione	:	07 Ottobre 2020 12:59:15
Data/Ora Inizio Diffusione presunta	:	07 Ottobre 2020 12:59:16
Oggetto	:	voting rights	Communication on aggregate amount of
Testo del comunicato

Vedi allegato.

COMMUNICATION OF THE AGGREGATE AMOUNT OF VOTING RIGHTS

(pursuant to art. 85-bis, par. 4-bis of the Issuers' Regulation, to art. 2.6.2, par. 1, lett. a) of the Borsa Italiana S.p.A. Regulation and to art. IA 2.3.4 of the Instructions relating to the Borsa Italiana S.p.A. Regulation)

Brugine (PD), 7 October 2020 – CAREL Industries S.p.A. (the "Issuer") announces that it has been a change in the total amount of voting rights following the increase in voting rights relating to a total of no. 4,400,000 ordinary shares of CAREL Industries, pursuant to article 127quinquiesof Legislative Decree no. 58/98 and in application of the provisions of art. 13 of the Articles of Association.

It should be noted that the Issuer's share capital is equal to Euro 10,000,000 and consists of of no. 100,000,000 ordinary shares with no indication of par value.

The following table shows the data relating to the shares representing the Issuer's share capital and the number of voting rights currently exercisable at Shareholders' meeting compared with the previous situation.

	Current situation		Previous situation
	Number of shares that make up the Share Capital	Number of voting rights	Number of shares that make up the Share Capital	Number of voting rights
Total, of which:	100,000,000	164,150,000	100,000,000	159,750,000
Ordinary shares without increased voting right (ISIN: IT0005331019)	35,850,000	35,850,000	40,250,000	40,250,000
Ordinary shares with increased voting right (ISIN: IT0005331886)	64,150,000	128,300,000	59,750,000	119,500,000

All the shares has regular dividend entitlement and current coupon number 3.

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

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 2019, 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 24 subsidiaries and nine production plants located in various countries. As of 31 December 2019, 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.