Newprinces SpA — M&A Activity 2021

Aug 4, 2021

Informazione Regolamentata n. 2195-62-2021		Data/Ora Ricezione 04 Agosto 2021 16:01:35	MTA - Star
Societa'	:	NEWLAT FOOD
Identificativo Informazione Regolamentata	:	150809
Nome utilizzatore	:	NEWLATN01 - Pisoni
Tipologia	:	REGEM
Data/Ora Ricezione	:	04 Agosto 2021 16:01:35
Data/Ora Inizio Diffusione presunta	:	04 Agosto 2021 16:01:36
Oggetto	:	Symingtons Acquisition
Testo del comunicato

Vedi allegato.

Head office: Via J. F. Share Capital € 43,935,050.00 fully paid-up – Company subject to management and coord Kennedy, 16 – 42124 Reggio Emilia – Telephone: 0522.7901 Fax: 0522.790266 Economic and Administrative Index of Reggio Emilia (REA) no. 277595 – VAT and Tax ID 00183410653 coordination by Newlat Group S.A. pursuant to articles 2497 et seq. of the Italian Civil Code. ination

PRESS RELEASE

NEWLAT FOOD ACQUIRES UK'S SYMINGTON'S

Reggio Emilia, 4 August 2021 – Newlat Food S.p.A. ( that on 4 August 2021 it signed a Share Acquistionco Limited as seller (the " of the Symington's Group, composed of (Holdings) Limited ("Symington's Holdings ("Symington's Australia"), for "Consideration"), equal to € 62.13 "Newlat Food" or the "Company" Purchase Agreement (the "Agreement Seller"), to purchase 100% of the ordinary shares and voting rights s Symington's Limited ("Symington's ") and Symington's Australia for a total consideration post-adjustments of 62.13 million. ) announces ") with Speedboat "), Symington's PTY Limited £ 53 million (the

The transaction is not subject to any condition precedent. the purchase of the shares on 4 August ransaction Newlat Food and the Seller August 2021 (the "Execution Date"). Seller plan to execute

Founded in 1827, Symington's is a producing a range of instant noodles inspiration" instant noodle segment couscous and rice-based meals (Twistd market share in the private label market), condiments under the brand sauces with the brand Ragu. The products are sold mainly in the United Kingdom The company has 3 production plants and one distribution center the last two years, the company generate million. UK-based brand and own-label meal and snack manufacturer noodles (Naked) – market leader in the "authentic" and "Asian segment –, soups and other ready meals under Twistd), as well as croutons (Rochelle), baking kits Chicken Tonight located across Northern England. he generated recurring revenues of £105 million label the brand Mug Shot, kits (with ca. 75% Tonight and pasta Kingdom, U.S. and Australia. In , equal to € 123

The transaction is aimed at consolidating harnessing Symington's UK-wide retailers, particularly for the distribution and cross products. on Newlat Food's presence in the UK market wide distribution platform and its strong relationships with key UK cross-selling of the Newlat Food Pasta and Bakery market through

Further to the above, we highlight a number of synergies her between Newlat Food and Symington's:

• The instant hot snacks market Symington's is able to offer a wide range of products in different segments thanks to its R&D. Symington's recipes are developed with a low salt and low calorie content and o products will be launched in the period 2021 is an innovative and fast growing market worldwide and 2021-2024. selling over 100 new
• Cross-selling and product portfolio relationships with retailers respective reference markets enlarged and this will benefit its customer expansion: thanks to both companies retailers, a considerable cross-selling activity could take place in their markets. As a result, the Company's product portfolio will be considerably and consumer relationships. companies' strong selling

Head office: Via J. F. Share Capital € 43,935,050.00 fully paid-up – Company subject to management and coord Kennedy, 16 – 42124 Reggio Emilia – Telephone: 0522.7901 Fax: 0522.790266 Economic and Administrative Index of Reggio Emilia (REA) no. 277595 – VAT and Tax ID 00183410653 coordination by Newlat Group S.A. pursuant to articles 2497 et seq. of the Italian Civil Code. ination

• Product insourcing: Newlat will noodles range, marketed in Symington's know-how, it will be possible to enlarge the Birkel Minuto unique and wide product range to German retailers. internalize the production of the Germany, hence improving margins on such how, Newlat will supply Symington's with ca. 6 Birkel Minuto instant such products. Thanks to range and offer a
• Procurement synergies: currently being procured from third parties ing –, which will generate further synergies in logistics. ith 6,000 tons of pasta –

Cost synergies amounting to a total of The Symington's acquisition fits into the Company's strategic plan to further strengthen its presence outside Italy and allows it to reach € 10 million are estimated to be realized by the consolidated revenues in excess of € 630 million end of 2022. 0 .

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CONFERENCE CALL

The strategic details of the transaction will be presented call to be held today at 17:00 (CEST). to analysts and investors during the conferenc conference

To participate in the conference call (Meeting ID: 175 461 3413; Meeting password: PDm5UvetF79 or 73658838 from telephone and video systems) it is necessary to connec beginning of the call, to the following numbers: (i) for Italy: + 39 7091-8646; (iii) for Germany: + 49 United Kingdom: + 44-20-7660-8149; or link: connect, at least 10 minutes before the 39-069-974-8087, (ii) for France: + 33 8646; 49-619-6781-9736; (iv) for Switzerland: + 41-2256 8149; - to follow the live presentation - connect to the following t, 8087, 33-1- 2256-75905; (v) for the

https://newlatfoodspa.my.webex.com/newlatfoodspa.my/j.php?MTID=m6ed40f233400d44312f3a7be 3a11c957

The presentation will be available on the Company's website ( () about half an hour before the start of the conference call. (www.newlat.it) and in the storage system ) * * * )

This press release is available on the Company's website mechanism eMarketstorage at the following address ess www.newlat.it and on the authorized storage .

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Head office: Via J. F. Share Capital € 43,935,050.00 fully paid-up – Company subject to management and coord Kennedy, 16 – 42124 Reggio Emilia – Telephone: 0522.7901 Fax: 0522.790266 Economic and Administrative Index of Reggio Emilia (REA) no. 277595 – VAT and Tax ID 00183410653 coordination by Newlat Group S.A. pursuant to articles 2497 et seq. of the Italian Civil Code. ination

FOR MORE INFORMATION:

Investors Benedetta Mastrolia

Newlat Food Investor Relator Mob. +393319559164 investors@newlat.com

Press Office Roberto Stasio

Barabino & Partners Tel. 010/2725048 Mob. +393355332483 r.stasio@barabino.it

Alice Brambilla

Barabino & Partners Tel. 02/72023535 Mob. +393282668196 a.brambilla@barabino.it

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The Newlat Group

The Newlat Group is a relevant multinational, multi European agri-food sector, having a large portfolio of products and brands well known in Italy and internationally. The Newlat Group holds a consolidated positioning in the Italian and German markets and sale products in more than 60 countries. The Newlat Group is mainly active in bakery and special products sectors, and in particular in the health & wellness, gluten free and baby food sectors. multi-brand and multi-channel player in the Italian and channel the pasta, dairy,

For more information, visit our website www.newlat.it.