Ovs — Capital/Financing Update 2021

Oct 28, 2021

PRESS RELEASE

OVS SUSTAINABILITY-LINKED BOND

ORDERS PLACED FOR AN AMOUNT EXCEEDING EURO 150 MILLION IN THE FIRST TWO DAYS OF THE OFFERING

Venice, 28 October 2021 - OVS S.p.A. announces that the public offering of its senior, unrated, unsecured, non-convertible, unsubordinated sustainability-linked bond called "Up to € 200,000,000 Senior Unsecured Fixed Rate Notes due November 2027" on the regulated Mercato Telematico delle Obbligazioni (the "MOT") of Borsa Italiana S.p.A. ("Borsa Italiana") opened yesterday at 9:00 (CET) and as of today orders have already been placed for an aggregate principal amount of Notes exceeding the minimum offer amount of Euro 150 million.

The Offering is still ongoing and, barring early closure or extension by the Company and the placement agent Equita S.I.M. S.p.A., will close on 3 November 2021 at 17:30 (CET).

The Notes are being offered to the general public in Italy and to qualified investors in Italy and other jurisdictions, subject to the selling restrictions set forth in the Prospectus approved by the Central Bank of Ireland (the "CBI") on 14 October 2021.

Equita S.I.M. S.p.A. has been appointed by the Company to act as placement agent and intermediary responsible for displaying the sale proposal on the MOT during the subscription period.

The Prospectus is available on the website of the Issuer (https://www.ovscorporate.it/en/sustainability-linked-finance), together with an Italian translation of the "Summary" chapter of the Prospectus, the KID (Key Information Document) relating to the Notes and the Sustainability-Linked Bonds Framework relating to OVS' sustainability objectives. The Prospectus is also available on the website of Euronext Dublin (www.ise.ie).

28 October 2021

For more information: Barabino & Partners SpA investor.relations@ovs.it E-mail: f.steiner@barabino.it Via Terraglio n. 17, 30174, Mobile +39 335.42.42.78 Venice – Mestre

Federico Steiner Investor Relations OVS S.p.A.

NOT INTENDED FOR DISCLOSURE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, BY OR TO PERSONS LOCATED OR RESIDING IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR ANY JURISDICTION

OVS SpA

Sede legale: Via Terraglio, 17 30174 Venezia Mestre, Italy T +39 041 2397500 F +39 041 2397630 N. Iscrizione Reg. Imprese Venezia C.F. e P.I. 04240010274

www.ovscorporate.it

Capitale sociale euro 290.923.470,00 i.v.

IN WHICH SUCH CONDUCT REQUIRES AUTHORIZATION BY LOCAL AUTHORITIES OR IS OTHERWISE PROHIBITED BY THE APPLICABLE LAW.

This press release and the information contained herein do not include or constitute an offer to sell securities or a solicitation of an offer to purchase securities in the United States of America, Australia, Canada or Japan or any other country in which such offer or solicitation would require authorization by local authorities or otherwise is prohibited by the applicable law (the "Other Countries").

This press release, any part hereof or its distribution may not form the basis of, nor be relied upon in respect of, any investment agreement or decision. The securities have not been and will not be registered in the United States of America under the United States Securities Act of 1933, as amended (the "Securities Act"), or under the laws of the Other Countries. The securities may not be offered or sold in the United States of America unless they are registered under the Securities Act or there is an exemption from registration under the Securities Act. OVS S.p.A. does not intend to register any part of the Offer in the United States of America.

This press release does not constitute an offer to sell or a solicitation of an offer to purchase or subscribe for securities. This press release has been prepared on the basis that any offer of securities to which it refers in the United Kingdom and in any Member State of the European Economic Area subject to the Prospectus Regulation will be made on the basis of a prospectus approved by the competent authority and published in accordance with the Prospectus Regulation and/or under an exemption in the Prospectus Regulation from the requirement to publish a prospectus for offers of securities.

The term "Prospectus Regulation" means Regulation (EU) 2017/1129 (that Regulation and any amendments thereto, together with any delegated and implementing acts). This document does not constitute a prospectus within the meaning of the Prospectus Regulations. Investors should not subscribe for any securities referred to in this document except on the basis of the information contained in the relevant prospectus.

OVS SpA

Sede legale: Via Terraglio, 17 30174 Venezia Mestre, Italy T +39 041 2397500 F +39 041 2397630 N. Iscrizione Reg. Imprese Venezia C.F. e P.I. 04240010274

www.ovscorporate.it

Capitale sociale euro 290.923.470,00 i.v.