Elica

AGM Information • Apr 29, 2025

IR Elica S.p.A.:

Francesca Cocco Lerxi ConsulFng – Investor RelaFons TEL: +39 (0)732 610 4205 E-mail: investor-relaFons@elica.com

Elica S.p.A.: Alice Casadio Corporate & Internal Communica9on E-mail: a.casadio@elica.com

Press Office: Havas PR

ValenFna Burlando M +39 335.6182360 valenFna.burlando@havaspr.com Giulia Bertelli M +39 340.1453906 giulia.bertelli@havaspr.com

EXTRAORDINARY AND ORDINARY SHAREHOLDERS' MEETING OF ELICA S.p.A.

• Amendment to Ar*cle 26 of the By-Laws approved, introducing the Corporate Sustainability Repor*ng Officer;
• 2024 Separate Financial Statements and Consolidated Sustainability Statement approved;
• Distribu*on of a dividend of Euro 0.04 per share approved;
• Remunera*on Policy and Report approved;
• Purchase and disposal of treasury shares authorised;
• Shareholders' Mee*ng Regula*on update approved.

Fabriano, April 29, 2025 - The Extraordinary Shareholders' Mee5ng of Elica S.p.A. approved the amendment of Ar5cle 26 of the By-Laws, which provides for the possible appointment of a Corporate Sustainability Repor5ng Officer, in accordance with Ar5cle 154-bis, paragraph 5-ter of the CFA, as introduced by Legisla5ve Decree No. 125/2024 transposing EU Direc5ve 2464/2022 (Corporate Sustainability Repor5ng Direc5ve, CSRD) into the Italian legal system.

The Shareholders' Mee5ng held in ordinary session today, then passed resolu5ons on the following Agenda items:

Financial Statements for the year ended December 31, 2024; Directors' Report, Consolidated Sustainability Statement; Board of Statutory Auditors' Report and Independent Auditors' Report. The Shareholders' MeeGng noted the consolidated results for 2024 and also approved the proposed amendment to the Shareholders' MeeGng RegulaGon.

Elica S.p.A. Via Ermanno Casoli, 2 60044 Fabriano (AN) - Italy

TEL. +39 0732 6101 FAX +39 0732 610249 CerFfied 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

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2024 Consolidated financial highlights

Revenue: Euro 452.1 million (-4.5% vs FY 2023, -4.1% organic).

Adjusted EBITDA1: Euro 31.4 million (Euro 48.1 million in FY 2023), with a margin on revenues of 6.9% (10.2% in 2023).

Adjusted EBIT2: Euro 8.1 million (Euro 24.3 million in FY 2023), with a margin on revenues of 1.8% (5.1% in 2023).

Net Profit3: Euro 9.3 million, compared to Euro 11.3 million in 2023, due in part to the sale of the Indian shareholding and the contribu5on of the Patent Box.

Group Net Profit: Euro 7.9 million. The Minori5es profit was Euro 1.5 million.

Adjusted Net Financial PosiGon4: net debt of Euro 46.8 million (excluding IFRS 16 effect for Euro 10.2 million).

AllocaGon of the result for the year

The Shareholders' Mee5ng also approved the distribu5on of a dividend of a unitary amount of Euro 0.04 for each of the 63,322,800 ordinary shares outstanding, net of the treasury shares held at the coupon date and gross of statutory withholdings.

The dividend will be paid on July 9, 2025, with July 7, 2025 as the date of coupon No. (13) and July 8, 2025 as the record date.

RemuneraGon Policy and Report

The Shareholders' Mee5ng of Elica S.p.A., no5ng the content of this report, (i) approved the remunera5on policy for the year 2025 presented in Sec5on I, in accordance with Ar5cle 123-ter, paragraph 3-bis of Legisla5ve Decree No. 58/1998 and (ii) expressed a favourable opinion on the remunera5on paid in 2024 as indicated in Sec5on II, in accordance with Ar5cle 123-ter, paragraph 6 of Legisla5ve Decree No. 58/1998. The report was filed on March 28, 2025 and is available to the public on the company website (Shareholders' Mee5ng sec5on), and on the authorised storage mechanism at .

TEL. +39 0732 6101 FAX +39 0732 610249 CerFfied 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

¹ The indicated value was adjusted for the extraordinary nega7ve effects from the reorganisa7on transac7ons and SG&A costs for Euro 2.0 million, the costs incurred for the Cooking brand transforma7on ac7vi7es for Euro 1.2 million and other accessory charges, principally concerning the sale of the stake in Elica India PB for Euro 0.3 million.

² The value was adjusted considering the extraordinary effects in line with EBITDA.

³ The indicated value includes the net posi7ve impacts, for Euro 6.4 million, from the sale by Elica of the 4.78% stake held in Elica PB India to Whirlpool of India Limited and, for Euro 2.7 million, the valua7on of the remaining 1.59% share s7ll held by Elica.

⁴ The value indicated is net of the IFRS 16 effect, of the impact of the measurement at amor7sed cost under IFRS 9 on Bank loans and borrowings as presented in the balance sheet and of the payables for the purchase of investments, as outlined in the NFP table.

AuthorisaGon of the purchase and uGlisaGon of treasury shares, following revocaGon of the previous authorisaGon for the porGon not executed.

The Shareholders' Mee5ng also approved the authorisa5on, subject to revoca5on of the authorisa5on previously granted, to purchase and dispose of treasury shares, pursuant to Ar5cle 2357 and 2357-ter of the Civil Code, in order to provide the Company with an important instrument of strategic and opera5ve flexibility.

Today's authorisa5on concerns the purchase of ordinary company shares up to a maximum of 20% of the share capital, therefore 12,664,560 ordinary shares and runs for a period of 18 months from the date of the Shareholders' Mee5ng resolu5on, while the authorisa5on to u5lise such shares is without 5me limit. The Board of Directors proposes that the purchase price per ordinary share shall be fixed as: (a) not below a minimum of 95% of the official price recorded of the share in the trading session before each transac5on (b) not above a maximum (i) Euro 7 and (ii) 105% of the official price of the share in the trading session before each transac5on. It is expected that the purchases will be carried out at price condi5ons in line with that established by Ar5cle 3 Delegated Regula5on 2016/1052 in enactment of Regula5on (EC) 596/2014 and in any case in compliance with the applicable regula5ons and condi5ons and the limits fixed by Consob in rela5on to accepted industry guidelines, where applicable. The Board of Directors (or delegated par5es thereof) in concluding the individual treasury share buy-back opera5ons must comply with the opera5onal condi5ons established by the market concerning the purchase of treasury shares of Consob, in addi5on to the applicable legal and regulatory provisions, including the Regula5ons as per Regula5on 596/2014, Delegated Regula5on 2016/1052 and the EU and na5onal execu5ng regula5ons, and in par5cular in compliance with Ar5cle 132 of the CFA, Ar5cle 144-bis, paragraph 1, lefer b) of the Issuers' Regula5on or as per the rela5ve applicable regula5on, in order to ensure equal treatment among shareholders. For further details, reference should be made to the relevant Board of Directors' Report, available at hfps://corporate.elica.com/it/governance/assemblea-degli-azionis5.

As of today, the Company holds 3,982,537 treasury shares.

UpdaGng of the Shareholders' MeeGng RegulaGon.

Finally, the Shareholders' Mee5ng updated the Shareholders' Mee5ng Regula5on to reflect recent changes in the By-Laws regarding the conduct of Shareholders' and Board mee5ngs. The updated regula5on will be made available on the Company's website.

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The summary vo5ng statement, referring to today's Shareholders' Mee5ng in both ordinary and extraordinary session, will be made available on the website pursuant to Ar5cle 125-quater, CFA.

***

Elica S.p.A. Via Ermanno Casoli, 2 60044 Fabriano (AN) - Italy

TEL. +39 0732 6101 FAX +39 0732 610249 CerFfied 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

DeclaraGon pursuant to ArGcle 154-bis, paragraph two, CFA

The Execu5ve Officer for Financial Repor5ng, Mr. Emilio Silvi, declares, pursuant to Ar5cle 154-bis, second paragraph, of Legisla5ve Decree No. 58/98, that the accoun5ng informa5on contained in this press release corresponds to the documented results, books and accoun5ng records.

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Elica is an Italian company that sits at the forefront of the design and produc7on 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 facili7es in Italy, Poland, Mexico and China. These are the figures that tell the story of Elica, which is constantly guided by Chairperson Francesco Casoli. The company's results are inspired by values that have always guided every one of its projects, products, and ac7vi7es: design that combines aesthe7cs and performance for an extraordinary cooking experience, art as a model for crea7ve processes and working methods, and innova7on for technology that brings out the very best in product func7onality.

Elica S.p.A. Via Ermanno Casoli, 2 60044 Fabriano (AN) - Italy

TEL. +39 0732 6101 FAX +39 0732 610249 CerFfied 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