Mare Engineering Group — Capital/Financing Update 2024

Dec 19, 2024

MARE GROUP: SECURES ORDERS EXCEEDING €13 MILLION. CAPITAL INCREASE VIA ABB OVERSHOOTS INITIAL TARGET, WITH SUBSCRIPTIONS INCLUDING THE ADDITIONAL INCREMENTAL OPTION

Pomigliano d'Arco (NA), 19 dicembre 2024

Mare Group S.p.A. (ticker MARE.MI), a digital engineering company listed on Euronext Growth Milan and active internationally in innovation through enabling technologies ("Mare Group," the "Company," or the "Group"), is pleased to announce the successful completion of its capital increase operation via the Accelerated Bookbuilding procedure ("ABB"). Approved by the Board of Directors on December 18, 2024, this initiative was exclusively aimed at qualified investors.

The Company successfully met all its objectives, securing €13,065,448.50 in subscriptions, alongside binding commitments for an additional €2,403,301.50, bringing the total to €15,468,750.00.

The capital increase was structured into two tranches: the first, comprising 2,750,000 ordinary shares, was fully subscribed for a total of €12,375,000; the second, an optional incremental tranche, accounted for €690,448.50 in subscriptions. Regarding the second tranche, it is worth noting a binding commitment to subscribe the remaining amount of €2,403,301.50 by June 30, 2025.

Following this operation, Mare Group's subscribed share capital now amounts to €3,722,846.39, divided into 14,953,433 ordinary shares with no nominal value. Upon fulfillment of the irrevocable commitment, the share capital will rise to €3,855,809.13, corresponding to 15,487,500 shares. The Company will file the certificate of full subscription of the Capital Increase along with the updated articles of association in compliance with legal requirements.

Antonio Maria Zinno, CEO of Mare Group, commented:

"We have fully achieved our goals, reaffirming the reliability of our growth model. We are now prepared to embark on a new phase characterized by even more significant acquisitions, in line with the strategy outlined by the Board of Directors. We are deeply grateful to the investors who have shown their support and trust so promptly."

illimity Bank S.p.A. acted as the underwriter for the Capital Increase, overseeing the ABB procedure. Maviglia & Partners Studio Legale Associato provided legal support for the operation, while Zephiro Investments served as financial advisor.

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This press release is available on the company's website at www.maregroup.it/investor-relations and on the authorized regulated information dissemination and storage system at . ***

The Company

Founded in 2001, Mare Group is a digital engineering company listed on the Euronext Growth Milan market, operating across the entire value chain of technological innovation. With over 1,000 clients, more than 300 employees, and 16 operational and commercial locations, Mare Group is a key player in the Italian innovation ecosystem. Significant investments in R&D and the 11 acquisitions completed since 2019, followed by subsequent mergers, demonstrate the Group's strong ability to integrate complementary resources and technologies to expand its product portfolio and increase market presence.

Contacts

Emittente - Mare Group S.p.A.

Gennaro Tesone (Investor Relations Manager) Via Ex Aeroporto SNC, 80038 Pomigliano d'Arco T. +39 081 803 6677 - E-mail investor-relator@maregroup.it

Euronext Growth Advisor – illimity Bank S.p.A.

Via Soperga 9, 20124 Milano T. +39 0282849699 – E-mail maregroup@illimity.com Investor & Media Relations Advisor - IRTOP Consulting Via Bigli, 19 - 20121 Milano T. +39 0245473883 - E-mail ir@irtop.com (investors) mediarelations@irtop.com (media)

Specialist – MIT SIM S.p.A. Corso Venezia 16, 20121 Milano T. +39 0230561270 – E-mail investor.relations@mitsim.it

Tel. +39 081 8036677 Fax +39 081 3177513 www.maregroup.it info@maregroup.it