Eurotech S.p.A. Registered office in Amaro (UD), Via Fratelli Solari n. 3/a Share capital in Euro 8,878,946.00 fully paid up. Registration number with the Register of Companies of Udine, Tax code and VAT number 0179133030

NOTICE OF ORDINARY SHAREHOLDERS' MEETING

In order to minimize the risks associated with the ongoing health emergency, pursuant to Article 106, c. 4, Decree Law No. 18 of March 17, 2020, entitled "Measures to strengthen the National Health Service and provide economic support for families, workers and businesses related to the epidemiological emergency from COVID-19", converted into law with amendments by Law No. 27 of April 24, 2020. 27, the effectiveness of which was most recently extended by Decree Law No. 183 of December 31, 2020, converted into law with amendments by Law No. 21 of February 26, 2021 (the "Decree"), Eurotech S.p.A. ("Eurotech" or the "Company") has decided to avail itself of the option established therein, providing that attendance at the Shareholders' Meeting by those entitled to attend may take place exclusively by granting proxy (or sub-delegation) to the representative designated by the Company pursuant to Article 135-undecies of Legislative Decree no. 58/1998 ("TUF").

The Shareholders are called to the Ordinary Shareholders' Meeting to be held on 11 June 2021 at 09.00 a.m., in Amaro (UD), via Fratelli Solari 3/A, at the registered office of Eurotech S.p.A., in a single call, to resolve on the following

AGENDA

1. Financial statements of "Eurotech S.p.A." as at 31 December 2020; Directors' report on operations for the year 2020; report of the Board of Statutory Auditors; report of the Independent Auditors; related and consequent resolutions. Presentation of the Group's consolidated financial statements as at 31 December 2020 and related reports.
1. Report on remuneration policy and compensation paid;
2. 2.1 Approval of the remuneration policy pursuant to art. 123-ter, paragraph 3-ter, of Legislative Decree no. 58/1998;
3. 2.2 Resolutions on the "second section" of the report, pursuant to art. 123-ter, paragraph 6 of Legislative Decree no. 58/1998.
1. Authorisation to purchase and dispose of own shares, pursuant to the combined provisions of Articles 2357 and 2357-ter of the Italian Civil Code, as well as Article 132 of Legislative Decree no. 58/1998 and related implementing provisions, subject to revocation of the authorisation granted by the Ordinary Shareholders' Meeting of 28 April 2020. Related and consequent resolutions.

1. Long-term share-based incentive plan 2021-2023, pursuant to Article 114-bis of Legislative Decree no. 58/1998. Related and consequent resolutions.
1. Appointment of a member of the Board of Directors following co-optation pursuant to art. 2386 of the Italian Civil Code and art. 14 of the Articles of Association. Related and consequent resolutions.

Share capital information

The Company's share capital amounts to EUR 8,878,946, represented by 35,515,784 ordinary shares with no par value. As of the date of this notice, the Company holds 89,920 treasury shares, equal to 0.25% of the share capital, whose voting rights are suspended pursuant to art. 2357-ter of the Italian Civil Code.

Entitlement to attend and vote at the Shareholders' Meeting - Participation in the Meeting

Pursuant to art. 106 of the Decree, companies with listed shares can provide in the notice of call that the participation in the Shareholders' Meeting is carried out exclusively through the representative appointed pursuant to art. 135-undecies of the Consolidated Law on Finance; the said appointed representative can also be granted proxies and/or sub-delegations pursuant to art. 135-novies of the Consolidated Law on Finance, as an exception to art. 135-undecies, paragraph 4 of the Consolidated Law on Finance.

The Directors and Auditors, as well as the other subjects entitled according to the law, other than those who have the right to vote, may take part in the Shareholders' Meeting by means of telecommunication means that guarantee their identification. The instructions for taking part in the Shareholders' Meeting by means of telecommunications shall be notified by Eurotech to Società per Amministrazioni Fiduciarie "SPAFID" S.p.A., to the Directors and Auditors, as well as to the other parties entitled to attend, other than those who have the right to vote.

Entitlement to attend and vote at the Shareholders' Meeting

Each Common Share entitles the holder to one vote at the Company's Regular and Special Meetings.

Pursuant to art. 83-sexies of the Consolidated Law on Finance, the legitimacy to attend the Shareholders' Meeting and exercise the right to vote is certified by a communication to the Company, made by the intermediary authorised to keep accounts pursuant to the law, on the basis of the evidence of its accounting records relating to the end of the accounting day of the seventh trading day prior to the date set for the Shareholders' Meeting on single call, i.e. 2 June 2021 (record date); those who will hold the Company's shares only after that date will not be entitled to attend and vote at the Meeting. The notice from the intermediary must be received by the Company by the end of the third trading day prior to the date set for the Shareholders' Meeting on single call (i.e. by 8 June 2021). However, the legitimacy to attend and vote remains intact in case the notifications are received by the Company after said deadline, provided that they are received before the beginning of the meeting's works.

Attendance at the General Meeting and granting of proxy to the Shareholders' Representative

Pursuant to art. 106 of the Decree, the participation in the Shareholders' Meeting is allowed exclusively through the Società per Amministrazioni Fiduciarie "SPAFID" S.p.A. - with registered office in Milan - the shareholders' representative appointed by the Company, pursuant to art. 135 undecies of the Consolidated Law on Finance (the "Shareholders' Representative" or "Designated Representative").

The proxy with the voting instructions must be sent - using the specific form prepared by the Shareholders' Representative in agreement with the Company and available on the Company's website (at www.eurotech.com, Section "Investors/Shareholders Information") - together with a copy of a currently valid identity document of the Proxy Granter or, if the Proxy Granter is a legal person, of the pro tempore legal representative or of another subject with appropriate powers, together with appropriate documentation attesting their qualification and powers, to the Appointed Representative, by the end of the second trading day prior to the date of the Shareholders' Meeting (i.e. by June 9, 2021), in the following alternative ways (i) transmission of an electronically reproduced copy (PDF) to the certified email address [email protected] (subject "Proxy for Eurotech 2021 Shareholders' Meeting") from one's own certified email address (or, failing that, from one's own ordinary email address, in which case the proxy with the voting instructions must be signed with a qualified electronic or ature); (ii) transmission of the original, by courier or registered letter with return receipt, to the address Spafid S.p.A., Foro Buonaparte no. 10, 20121 Milan (Ref. "Proxy for Eurotech 2021 Shareholders' Meeting"), sending in advance a copy of the original, electronically reproduced (PDF) by ordinary e-mail to [email protected] (subject "Proxy for Eurotech 2021 Shareholders' Meeting").

The proxy and voting instructions are revocable by the end of the second trading day prior to the date set for the Meeting (i.e., by June 9, 2021) in the manner set forth above.

The proxy shall have no effect with respect to proposals for which no voting instructions have been given.

It should be noted that the shares for which proxy has been given, even partially, are taken into account for the regular constitution of the Meeting. With regard to the proposals for which no voting instructions were given, the shares are not taken into account for the calculation of the majority and of the share capital required for the approval of resolutions.

It should also be noted that, pursuant to the said Decree, the Shareholders' Representative may also be granted proxies and/or sub-delegations pursuant to art. 135-novies of the Consolidated Law on Finance, as an exception to art. 135-undecies, paragraph 4, of the Consolidated Law on Finance, by means of the specific proxy form available on the Company's website (at www.eurotech.com, "Investors/Shareholders information" section).

For the transmission and revocation of proxies/subdelegations, the procedures described above shall be followed and also reported in the proxy form. The proxy must be received by 6.00 p.m. on the day before the meeting (and in any case before the beginning of the meeting's works).

The Shareholders' Representative will be available for clarification or information at the e-mail address [email protected] or at the following telephone number (+39) 0280687.335/319, (on open office days, from 9:00 a.m. to 5:00 p.m.).

Please note that there is no provision for electronic or postal voting.

The Company reserves the right to integrate and/or modify the above instructions in consideration of intervening needs following the current situation of epidemiological emergency from COVID-19 and its currently unforeseeable developments.

Right to request additions to the agenda and to submit new proposals for resolutions

Pursuant to art. 126-bis of the Consolidated Law on Finance, the Shareholders who, also jointly, represent at least one fortieth of the share capital may request, within ten days from the publication of this notice (i.e. by 22 May 2021), the integration of the list of the items to be discussed, indicating in the request the additional issues that they propose or submit proposals for resolutions on items already on the agenda. Entitlement to exercise this right is attested by a communication to the Company from the authorized intermediary pursuant to Article 43 of the Single Post-trading Measure of Consob and the Bank of Italy of August 13, 2018 ("Discipline of central counterparties, central depositories and centralized management activity") (the "Joint Measure"). The application must be submitted in writing to the certified mail address [email protected], provided that it is received by the Company within the aforementioned deadline; within the aforementioned deadline and in the same manner, a report must be submitted by any proposing Shareholders, containing the reasons for the resolution proposals on the new matters they propose to deal with, or the reasons relating to the additional resolution proposals submitted on matters already on the agenda. Notice of additions to the agenda or of the presentation of further resolution proposals on items already on the agenda shall be given, in the same forms prescribed for the publication of the notice of call, at least fifteen days before the date set for the single call of the Shareholders' Meeting (i.e. by 27 May 2021). At the same time as the publication of the integration notice or the presentation, the report prepared by the requesting Shareholders will be made available to the public, in the same forms set out for the documents relating to the Meeting, together with any assessment by the administrative body.

Please note that the integration is not allowed for those issues on which the Shareholders' Meeting resolves, according to the law, upon proposal of the Directors or based on a project or a report prepared by them, other than those pursuant to art. 125-ter, paragraph 1 of the Consolidated Law on Finance.

The Shareholders are invited to ask for any integration of the list of the items to be discussed or to submit proposals for resolutions on items already on the agenda in due time (and in any case within ten days from the publication of this notice, i.e. within May 22, 2021) in order to grant the proxy to the Shareholders' Representative.

EUROTECH S.p.A. Via Fratelli Solari, 3/a - 33020 AMARO (UD) - ITALY Tel. +39 0433 485 411 Fax +39 0433 485 499 [email protected] - www.eurotech.com

Cap.Soc. 8.878.946,00 € I.V. VAT / TAX CODE IT 01791330309 REA Udine 196115 Mod. Carint Ed 4.0 - 02/04/02

Faculty to submit proposals for resolutions individually before the Meeting

In addition to the above, taking into account that the participation in the Shareholders' Meeting is exclusively envisaged through the Appointed Representative, the persons entitled to participate in the Shareholders' Meeting who intend to submit proposals for resolutions on the items of the agenda are invited to submit them in advance, by 27 May 2021, according to the same procedure described in the previous paragraph. These proposals will be published on the Company's website by 29 May 2021, in order to allow those entitled to vote to express their opinion also taking into account these new proposals and to allow the Designated Representative to collect voting instructions, if any, on them. The applicant shall provide suitable documentation proving the right to participate in the Meeting and the granting of proxy to the Designated Representative for the participation in the Meeting.

Right to propose questions on items on the agenda

Pursuant to art. 127-ter of the Consolidated Law on Finance, those entitled to vote may ask questions on the items on the agenda even before the Shareholders' Meeting, but in any case no later than the seventh trading day prior to the date of the Shareholders' Meeting (record date), i.e. by 2 June 2021, by sending the questions by electronic communication to the certified e-mail address [email protected]. The legitimacy to exercise this right is certified by a communication to the Company by the qualified intermediary pursuant to art. 43, paragraph 1 of the Joint Measure; however, this certification is not necessary if the Company receives the communication from the intermediary required to participate in the Shareholders' Meeting. The questions received prior to the Shareholders' Meeting shall be answered, after having verified the relevance of the questions with regard to the items on the agenda of the Shareholders' Meeting and the legitimacy of the applicant, at least three days prior to the date of the Shareholders' Meeting (i.e. by 8 June 2021), by publishing them in a dedicated section of the Company's website, also in order to allow those entitled to vote taking into account the answers to said questions, with the right for the Company to provide a single answer to the questions having the same content.

Documentation

The documentation relating to the General Meeting, as required by current regulations, has been or will be published on the Company's website www.eurotech.com (Investors/Shareholder Information section), and on the authorized storage mechanism , which can be consulted at , in the following terms:

at least 30 days before the date of the single call of the Shareholders' Meeting, i.e. by 12 May 2021, the Directors' Reports on items 1, 2, 4 and 5 of the agenda, as well as the information document pursuant to art. 84-bis of the Issuers' Regulation;
as from 31 March 2021, the Annual Financial Report as at 31 December 2020 pursuant to art. 154-ter of the Consolidated Law on Finance;
at least 21 days before the date of the single call of the Shareholders' Meeting, i.e. by 21 May 2021, the Directors' Report on item no. 3 of the agenda, as well as the Report on remuneration policy and remuneration paid drawn up pursuant to art. 123-ter of the Consolidated Law on Finance and 84-quater of the Issuers' Regulation.

This notice of call is published, pursuant to art. 125-bis of the Consolidated Law on Finance and art. 84 of the Issuers' Regulations, as well as pursuant to art. 7 of the Articles of Association, on the Company's website www.eurotech.com (Investors/Shareholders Information section), and in extracts in the daily newspaper "Italia Oggi " of 12 May 2021, on the authorised storage mechanism available on the website . In relation to the state of emergency declared by the Council of Ministers as a result of the health risk associated with the Coronavirus infection as well as the related containment measures, the Company reserves the right to provide subsequent updates in relation to the Shareholders' Meeting covered by this notice.

For the Board of Directors The Chairman Patrizio Mapelli

Amaro (Italy), 12 May 2021

This document has been translated into English for the convenience of readers outside Italy. The original Italian document should be considered the authoritative version.