Sabaf — AGM Information 2020

May 5, 2020

SABAF S.p.A.

ORDINARY AND EXTRAORDINARY SHAREHOLDERS' MEETING AGENDA OF 4 MAY 2020

A total of n. 38 Shareholders by proxy holders of N. 7,463,680 ordinary shares equal to 64.713334% ordinary share capital and of n. 12,591,607 votes equal to 75.309627% of the total voting rights attended the shareholders' meeting

SUMMARY REPORT OF THE VOTING ON THE ITEMS ON THE SHAREHOLDERS' MEETING

Ordinary part

1) Presentation of the 2019 Annual ReportHolders of voting rights were not required to vote on this item.

2) Financial report at 31 December 2019

2.1 Approval of the Financial statements at 31 December 2019; Management Report prepared by the Board of Directors; Independent Auditors' Report and Report of the Board of Statutory Auditors; Related and consequent resolutions

	O N U M B E R F ( S H A R E H O L D E R I N S O O P E R N R B Y ) O P R X Y	O N U M B E R F S H A R E S	% O O G G S N V T I N R I H T T H A T C A N B E E X E R C I S E D P R E S E N T O S R R E P R E E N T E D	% O N T O T A L V O T I N G R I G H T S
fav In ou r	3 8	12 59 1, 60 7 ,	10 0.0 00 00 0	75 .30 96 27
Ag ain st	0	0	0.0 00 00 0	0.0 00 00 0
bst A tio en ns	0	0	0.0 00 00 0	0.0 00 00 0
No oti t v ng	0	0	0.0 00 00 0	0.0 00 00 0
l To ta	38	12 59 1, 60 7 ,	10 0.0 00 00 0	75 .30 96 27

2.2 Resolution as to the proposal for the allocation of 2019 profit

	N U M B E R O F ( S H A R E H O L D E R I N S O O P E R N R B Y ) O P R X Y	N U M B E R O F S H A R E S	% O N V O T I N G R I G H T S T H A T C A N B E E X E R C I S E D P R E S E N T O S R R E P R E E N T E D	% O N T O T A L V O T I N G R I G H T S
fav In ou r	3 3	12 34 7, 27 2 ,	98 .05 95 41	73 .84 82 75
Ag ain st	5	24 4, 33 5	1.9 40 45 9	1.4 61 35 3
bst tio A en ns	0	0	0.0 00 00 0	0.0 00 00 0
No oti t v ng	0	0	0.0 00 00 0	0.0 00 00 0
l To ta	38	12 59 1, 60 7 ,	10 0.0 00 00 0	75 .30 96 27

3) Report on Remuneration; Resolutions regarding the first and second section pursuant to paragraphs 3-bis and 3-ter and paragraph 6, respectively, of Article 123-ter of Legislative Decree 58/1998, as amended by Legislative Decree 49/19

First Section

	N U M B E R O F	N U M B E R O F	% O N V O T I N G R I G H T S T H A T	% O N T O T A L V O T I N G
	( S H A R E H O L D E R I N	S H A R E S	C A N B E E X E R C I S E D P R E S E N T	R I G H T S
	P E R S O N O R B Y		O R R E P R E S E N T E D
	) P R O X Y
fav In ou r	5	10 42 0, 40 4 ,	82 67 .75 44	62 .32 37 96
Ag ain st	3 1	2, 15 3, 20 5	17 .10 03 19	12 .87 81 87
A bst tio en ns	2	17 99 8 ,	0.1 42 93 6	0.1 07 64 5
No oti t v ng	0	0	0.0 00 00 0	0.0 00 00 0
l To ta	38	12 59 1, 60 7 ,	10 0.0 00 00 0	75 .30 96 27

Second Section

	O N U M B E R F ( S H A R E H O L D E R I N S O O P E R N R B Y ) O P R X Y	O N U M B E R F S H A R E S	% O O G G S N V T I N R I H T T H A T C A N B E E X E R C I S E D P R E S E N T O S R R E P R E E N T E D	% O O O G N T T A L V T I N R I G H T S
fav In ou r	6	10 82 0, 67 4 ,	85 .93 56 08	64 .71 77 86
Ag ain st	3 0	1, 75 2, 93 5	13 .92 14 56	10 .48 41 96
bst A tio en ns	2	17 99 8 ,	0.1 42 93 6	0.1 07 64 5
No oti t v ng	0	0	0.0 00 00 0	0.0 00 00 0
l To ta	38	12 59 1, 60 7 ,	10 0.0 00 00 0	75 .30 96 27

4) Authorisation for the purchase and disposal of treasury shares, upon revocation, for the non-executed part of the resolution of 7 May 2019; Related and consequent resolutions

	N U M B E R O F ( S H A R E H O L D E R I N P E R S O N O R B Y ) P R O X Y	N U M B E R O F S H A R E S	% O N V O T I N G R I G H T S T H A T C A N B E E X E R C I S E D P R E S E N T O R R E P R E S E N T E D	% O N T O T A L V O T I N G R I G H T S
fav In ou r	1 4	12 10 9, 11 0 ,	96 .16 81 06	72 .42 38 42
ain Ag st	2 4	48 2, 49 7	3.8 31 89 4	2.8 85 78 5
bst A tio en ns	0	0	0.0 00 00 0	0.0 00 00 0
No oti t v ng	0	0	0.0 00 00 0	0.0 00 00 0
l To ta	38	12, 59 1, 607	100 .00 000 0	75. 309 627

Extraordinary part

1) Assigment to the Board of Directors of the power, pursuant to Article 2443 of the Italian Civil Code, to increase the share capital against payment all at once or in multiple instalments and through splitting shares, no later than 4 May 2025, with the exclusion of the right of option pursuant to Article 2441, paragraph 4, second sentence, of the Italian Civil Code, through the issue of a number of ordinary shares not exceeding 10% of the share capital existing before the date of exercise of the power, if any, and in any case for a nominal amount not exceeding €1,153,450 (one million one hundred and fifty-three thousand four hundred and fifty), with the right to establish any additional share premium; Consequent amendment of Article 5 of the Articles of Association; Related and consequent resolutions and delegation of powers

	O N U M B E R F ( S H A R E H O L D E R I N P E R S O N O R B Y	O N U M B E R F S H A R E S	% O O G G S N V T I N R I H T T H A T C A N B E E X E R C I S E D P R E S E N T O R R E P R E S E N T E D	% O O O G N T T A L V T I N R I G H T S
	) P R O X Y
fav In ou r	3 6	12 41 5, 05 7 ,	98 .59 78 76	74 .25 36 93
ain Ag st	2	6, 0 17 55	02 12 1.4 4	1.0 93 55 5
bst A tio en ns	0	0	0.0 00 00 0	0.0 00 00 0
No oti t v ng	0	0	0.0 00 00 0	0.0 00 00 0
l To ta	38	12 59 1, 60 7 ,	10 0.0 00 00 0	75 .30 96 27

2) Proposed amendment to Articles 5-bis, 12 and 14 of the Articles of Association and addition of the new Article 13-bis of the Articles of Association; Related and consequent resolutions and delegation of powers

	U O N M B E R F ( S O H A R E H L D E R I N S O N O Y P E R R B	U O N M B E R F S S H A R E	% O V O I G I G H S H A N T N R T T T C C S S A N B E E X E R I E D P R E E N T O S N R R E P R E E T E D	% O O A L V O I G N T T T N G S R I H T
	) O P R X Y
fav In ou r	10	11 28 6, 97 4 ,	89 .63 88 68	67 .50 66 97
Ag ain st	28	1, 30 4, 63 3	10 .36 11 32	7.8 02 93 0
bst A tio en ns	0	0	0.0 00 00 0	0.0 00 00 0
No oti t v ng	0	0	0.0 00 00 0	0.0 00 00 0
l To ta	38	12 59 1, 60 7 ,	10 0.0 00 00 0	75 .30 96 27