Basic Net SpA — AGM Information 2022

Mar 23, 2022

SHAREHOLDERS' MEETING OF APRIL 13, 2022

Report of the Board of Directors on point 2 of the Agenda

Proposal for the allocation of the net profit for 2021 and the distribution of a dividend. Resolutions thereon.

Dear Shareholders,

We propose the allocation of the net profit of Euro 65,689,195.35 as follows:

-	to unrealised exchange gains reserve	Euro	46,502.66
-	to conferment reserve	Euro	60,903,372.50
-	to the shareholders by way of dividend, the residual amount equal to	Euro	4,739,320.19

Furthermore, in order to remunerate shareholders in line with previous years, we propose supplementing the dividend paid to shareholders by taking Euro 1,400,311.81 from retained earnings and distributing a dividend of Euro 0.12 to each of the 51,163,602 ordinary shares in circulation (excluding the 9,830,000 treasury shares held at March 3, 2022) for an amount of Euro 6,139,632.24.

As a result, "retained earnings" will decrease from Euro 44,247,429 to Euro 42,847,117.

The dividend will be paid from April 27, 2022, with record date of April 26, 2022 and coupon date (No. 15) of April 25, 2022.

We also propose authorising the company representatives, with individual signatory powers, to determine the actual amount to be taken from retained earnings based on the actual number of shares in circulation with dividend rights and on any rounding that may take place when making the actual payment.

We propose therefore the following:

MOTION

The BasicNet S.p.A. Ordinary Shareholders' AGM

RESOLVES

to approve the proposed allocation of the net profit for the year of Euro 65,689,195.35, as presented above, and the proposed payment of a dividend of Euro 0.12 to each of the ordinary shares in circulation and entitled to receive dividends on the coupon date.

Turin, March 3, 2022

for the Board of Directors

The Chairman

Marco Daniele Boglione