Compagnia Dei Caraibi

Legal Proceedings Report • May 27, 2025

COMPAGNIA DEI CARAIBI S.p.A. SB

EXECUTION OF SETTLEMENT AGREEMENTS WITH THE SELLERS OF ELEPHANT GIN GMBH

AMENDMENT TO THE 2025 CORPORATE EVENTS CALENDAR

INITIATION OF VOLUNTARY LIQUIDATION PROCEDURE FOR THE SUBSIDIARY RIBELLI DIGITALI S.R.L.

Turin (Italy), 27 May 2025 – Compagnia dei Caraibi S.p.A. (ticker TIME) ("Compagnia dei Caraibi" or the "Company") – a leading company in the import, development, brand building, and distribution of premium and over-premium spirits, wines, and soft drinks from around the world, as well as Italian craft beers – announces that it has entered into two settlement agreements (the "Settlement Agreements") to amicably resolve disputes with the sellers of Elephant Gin GmbH ("Elephant Gin") following the opening of the insolvency procedure of the company.

The Settlement Agreements were formalized on December 11, 2024, and today, providing for a total payment by Compagnia dei Caraibi of €1,508,686.80, against total claims exceeding €7.9 million. Thanks to the release of €3.3 million from the risk provision fund set aside for the dispute, the transaction results in an economic benefit of approximately €1.8 million for the subsidiary Refined Brands S.r.l. ("Refined Brands"). Furthermore, Compagnia dei Caraibi will release an additional €1.7 million provision booked in the previous fiscal year to cover the equity deficit of Refined Brands, resulting from the full write-down of the investment in Elephant Gin.

The parties have mutually waived any further rights, claims, or actions arising from or related to the Share Purchase Agreement signed on December 13, 2022.

The Company has already paid €1,108,686.80; the remaining €400,000 will be paid by December 31, 2025.

The combined effect of the two agreements has enabled the Company to significantly reduce its potential financial exposure resulting from the claims raised by the sellers in connection with the final acquisition tranche of Elephant Gin GmbH, in a context that later saw the target company enter into default, and to eliminate any further liabilities related to the ongoing litigation.

As a result, the Board of Directors, which met today, resolved to amend the corporate events calendar, previously announced on April 16, 2024, in order to incorporate the accounting effects of the Settlement Agreements into the Company's financial statements as of December 31, 2024.

The amendment concerns solely the date of the Board of Directors meeting for the approval of the draft statutory and consolidated financial statements as of December 31, 2024, audited by the external auditor, which will now take place on June 5, 2025, instead of May 27, 2025.

The Company confirms that all other dates, including the shareholders' meeting for the approval of the statutory financial statements, remain unchanged.

The updated calendar is available on the website www.compagniadeicaraibi.com (Investor Relations / Corporate Events section).

Lastly, as part of a broader process to streamline and simplify the Group's corporate structure, the Board of Directors, in the same meeting, granted the CEO a mandate to initiate the voluntary liquidation procedure of the subsidiary Ribelli Digitali S.r.l. ("Ribelli Digitali"). This operation will allow the Group to improve operational efficiency by focusing its resources on the development of Thinking Hat S.r.l. – a creative and experiential marketing agency, already the parent company of Ribelli Digitali – which remains part of the consolidated perimeter.

This press release is available on the Company's website www.compagniadeicaraibi.com in the "Investors Relations/Press Releases" section, as well as on the dissemination system (SDIR) available at .

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Compagnia dei Caraibi S.p.A. Benefit Company (ticker: TIME, ISIN: IT0005453235) established in Vidracco (TO) in 2008, is the leading company in the import, development, brand building and distribution of premium and over-premium spirits, wines and soft drinks from all over the world, as well as of Italian craft beers. Listed on the stock exchange since July 2021, the Company is one of the most dynamic on the market, with a total catalogue of over 1,200 references exclusively imported and distributed in Italy. The Company currently operates in 34 countries with a direct presence in Italy, Spain and the United States. The Company extended its business model with Dispensa, a project that directly caters for end consumers with an online and offline omnichannel concept. Increasingly, the distribution model is focusing on the national and international consolidation of owned and co-owned brands: vermouth, liqueurs, gin, and beer. As of July 2021, Compagnia dei Caraibi is a Benefit Company; there are four permanent areas of responsible business practice (ESG): environment, culture, people and gender equality. In September 2023, Compagnia dei Caraibi was awarded the B Corp® certification, joining the international community of companies leading a global movement to promote an inclusive, equitable and regenerative economic paradigm.

For additional information:

Compagnia dei Caraibi:

Investor Relator Fabio Torretta +39 0125 791104 investors@compagniadeicaraibi.com

Manuela Pirozzi Communication Manager +39 347 9290609 m.pirozzi@compagniadeicaraibi.com Euronext Growth Advisor illimity Bank +39 02 82849699 compagniadeicaraibi@illimity.com