Ferretti Group — AGM Information 2022

May 3, 2022

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FERRETTIGROUP

Ferretti S.p.A.

(Incorporated under the laws of Italy as a joint-stock company with limited liability)

(Stock Code: 09638)

SUPPLEMENTAL ANNOUNCEMENT REGARDING THE CIRCULAR AND NOTICE OF AGM

Reference is made to the circular of Ferretti S.p.A. (the "Company") dated April 29, 2022 (the "Circular") relating to, among other things, the proposed adoption of the share option scheme and the notice of annual general meeting of the Company (the "Notice of AGM"). Unless otherwise stated, capitalized terms used herein shall denote the same meanings as those defined in the Circular.

While the COVID-19 pandemic restrictions have eased in Italy, the Board has assessed the continuing risks posed by the COVID-19 pandemic and has decided that the AGM will be conducted virtually by electronic means only in order to safeguard the health and safety of the Shareholders and other attendees at the AGM. The attendance guidance and procedures for attending the AGM via electronic means were set out in the guidance for the AGM (the "Guidance Note") in the Circular and the login details for the Online AGM were set out in the notification letter dated April 29, 2022 (the "Notification Letter"). Save for the removal of the option to attend the AGM physically, all other information in the Guidance Note and the Notification Letter remain unchanged.

Save for the above-mentioned changes, the Board confirms that all other information in the Circular, the Notice of AGM and the proxy form shall remain unchanged. This announcement is supplemental to and should be read in conjunction with the Circular, the Notice of AGM and the proxy form, and in that connection, the existing English and Chinese versions of the Circular, the Notice of AGM and the proxy form in the form as they are now will continue to be valid.

By Order of the Board

Ferretti S.p.A.

Mr. Alberto Galassi

Executive Director and Chief Executive Officer

Hong Kong, May 3, 2022

As at the date of this announcement, the board of Directors of the Company comprises Mr. Alberto Galassi as executive Director; Mr. Tan Xuguang, Mr. Piero Ferrari, Mr. Xu Xinyu and Mr. Li Xinghao as non-executive Directors; and Mr. Hua Fengmao, Mr. Stefano Domenicali and Mr. Patrick Sun as independent non-executive Directors.