Sanlorenzo — AGM Information 2023

Dec 21, 2023

FILE REF. 18.528 FILE NO. 8.468 MINUTES OF THE SHAREHOLDERS' MEETING REPUBLIC OF ITALY

In the year two thousand and twenty-three, the twelve day of December, at ten minutes after eleven o'clock

12 December 2023

In La Spezia, at the offices of the company at 362 Viale San Bartolomeo. Before myself, Mr. Niccolò Massella Ducci Teri, Notary in La Spezia, enrolled in the Board of Notaries for the United Districts of La Spezia and Massa,

IS APPEARING

• PEROTTI MASSIMO, born in Turin on 26 October 1960, domiciled for the office at the aforementioned address, who declares to me that he is acting as Chairman of the Board of Directors and legal representative of the company

"SANLORENZO S.p.A."

abbreviated as "SL S.P.A." with registered office in Ameglia at via Armezzone no. 3, share capital of €34,947,124.00 fully paid-in, enrolled in the Companies' Register of the Chamber of Commerce, Industry, Crafts and Agriculture of Riviere di Liguria - Imperia La Spezia Savona with the following registration number and tax code 00142240464, VAT 01109160117 (hereafter "Sanlorenzo" or the "Company"), in accordance with the powers delegated to him by virtue of the current By-laws, a company with shares traded and managed by "Borsa Italiana S.p.A.", of whose personal identity, qualification and powers I, as Notary, am certain.

The appearing party Mr. Massimo Perotti takes the floor and, pursuant to Article 11.2 of the By-laws, as Chairman of the Board of Directors and Chief Executive Officer of "Sanlorenzo S.p.A", assumes the chair of the Shareholders' Meeting of the aforementioned company and requests that I, as Notary, draft the minutes of the Ordinary Shareholders' Meeting.

Firstly, the Chairman extends a warm welcome to all attendees, thanking them for their participation and recalling that, pursuant to Article 11.4 of the By-Laws, the Chairman of the Shareholders' Meeting shall have the power "to verify the right to participate in the Shareholders' Meeting and the correctness of the proxies, to manage and regulate discussions, setting any limits of duration of each participant's intervention, to keep order and establish procedures for voting and to adopt all other organisational measures deemed suitable to govern the Shareholders' Meeting proceedings, all in compliance with any shareholders' meeting regulations approved by the Shareholders' Meeting" and he "may also invite parties that are not shareholders, directors or statutory auditors of the company to participate in the shareholders' meeting, without voting rights".

Therefore, he acknowledges that:

• for the Board of Directors, in addition to the Chairman himself, the following Directors are attending the meeting:

* Ferruccio Rossi;

• * Carla Demaria;
• * Marco Francesco Mazzù,

while the following Directors justified their absence:

• * Paolo Olivieri;
• * Leonardo Luca Etro;
• * Francesca Culasso;
• * Cecilia Maria Perotti;

Filed in La Spezia on 13 December 2023 series 1T no. 9095

* Silvia Merlo;

* Licia Mattioli;

• for the Board of Statutory Auditors the following Standing Statutory Auditors are attending the meeting:

* Enrico Fossa, Chair;

* Andrea Caretti;

* Margherita Spaini;

• for the Independent Auditing Company "BDO Italia S.p.A." is attending the meeting:

* Paolo Maloberti;

• for a better conduct, the following employees of the Company are attending the meeting at the invitation of the Chairman:

* Attilio Bruzzese, Manager charged with preparing the company's financial reports;

* Cinzia Sorgenti;

• for a better conduct, the following consultants of the Company are attending the meeting at the invitation of the Chairman:

* Toti S. Musumeci;

*Vittorio Squarotti.

Financial analysts and specialised journalists may also attend the meeting.

The Chairman acknowledges that the Ordinary Shareholders' Meeting was duly convened for today 12 December 2023 at 11:00 a.m. at the Company's offices in La Spezia, Viale San Bartolomeo 362, in first call, and if necessary, on 13 December 2023 at 11:00 a.m., in second call, by means of notice of call published on 10 November 2023 on the Company's website, in the "Corporate Governance" section, on the "eMarket Storage" authorised storage mechanism, announced in a press release and, in abstract form, in the daily newspaper "IlSole24Ore", with the following

AGENDA

1. Authorisation for the purchase and disposal of treasury shares, pursuant to the combined provisions of Articles 2357 and 2357-ter of the Italian Civil Code, as well as Article 132 of Italian Legislative Decree no. 58 of 24 February 1998, and its implementing provisions. Related and consequent resolutions.

The Chairman announces that no requests for additions to the Shareholders' Meeting agenda have been submitted by shareholders, nor there were any proposals for resolutions on items already on the agenda, in accordance with the provisions and deadlines indicated in Article 126-bis of Italian Consolidated Law on Finance (Italian Legislative Decree no. 58 of 24 February 1998 or "TUF").

The Chairman also declares that:

• the subscribed and paid-in share capital at today's date is €34,947,124.00 (thirty four million nine hundred and forty-seven thousand one hundred and twenty four point zero zero) and is represented by no. 34,947,124 (thirty four million nine hundred and forty-seven thousand one hundred and twenty four) ordinary shares, without par value;
• on 21 April 2020, the Shareholders' Meeting passed a resolution to increase the share capital in divisible form, with the exclusion of option rights pursuant to Article 2441, paragraph 8 of the Italian Civil Code, by a maximum nominal amount of €884,615.00 (eight hundred and eighty-four thousand six hundred and fifteen point zero zero), to be executed no later than 30 June 2029, through the issuance of a maximum number of

884,615 (eight hundred and eighty-four thousand six hundred and fifteen) ordinary Sanlorenzo shares destined, exclusively and irrevocably, to service the 2020 Stock Option Plan, as approved by the Extraordinary Shareholders' Meeting on 21 April 2020, all under the terms and conditions set forth in the resolution itself; this capital increase as of today has been partially subscribed for a total of no. 447,124 (four hundred and forty seven thousand one hundred and twenty four) ordinary shares;

• each ordinary share entitles the holder to one vote at the Shareholders' Meeting, except for no. 20,837,128 (twenty million eight hundred and thirty-seven thousand one hundred and twenty-eight) shares which have obtained increased voting rights (in the ratio of two voting rights for each share) in accordance with Article 6 of the By-laws; therefore, the total number of voting rights exercisable at the Shareholders' Meeting is 55,784,252 (fifty five million seven hundred and eighty four thousand two hundred and fifty two);
• as of today's date, the Company holds no. 214,928 (two hundred and fourteen thousand nine hundred and twenty eight) treasury shares, for which the voting rights are suspended pursuant to Article 2357-ter of the Italian Civil Code, without prejudice to the provisions of Article 2368, paragraph 3 of the Italian Civil Code, referred to in Article 2357-ter, paragraph 2 of the Italian Civil Code, regarding the calculation of the quorums for the constitution and deliberation of this meeting;
• as of today's date, the shareholder who holds a significant shareholding pursuant to Article 120 of the TUF and who is the holder of shares that have vested the increased voting rights is "Holding Happy Life S.r.l." for no. 20,669,128 (twenty million six hundred and sixty-nine thousand one hundred and twenty-eight) shares;
• the Company's shares are admitted for trading on the electronic stock market organised and managed by "Borsa Italiana S.p.A." – Euronext STAR Milan segment;
• with reference to the relevant shareholdings pursuant to Article 120 of the TUF, the company does not qualify as an "SME" pursuant to Article 1, paragraph 1, letter W-quater 1) of the TUF and, therefore, the threshold for the disclosure of relevant shareholdings pursuant to Article 120 of the TUF is currently 3% (three per cent) of the share capital with voting rights;
• to date, according to the findings of the Company's shareholders' register, supplemented by additional notifications received pursuant to Article 120 of the TUF and other available information, the party that holds, directly or indirectly, an equity investment exceeding 3% (three per cent) of the subscribed share capital of the Company represented by shares with voting rights, is the following:

* controlling person: Massimo Perotti;

* shareholder: Holding Happy Life S.r.l.;

* number of ordinary shares: 21,156,105 (twenty one million one hundred and fifty six thousand one hundred and five) for no. 41,825,233 (forty one million eight hundred and twenty five thousand two hundred and thirty three) votes;

* % ownership of share capital: approx. 60.54% (sixty point five four per cent);

* % on total voting rights: approx. 74.98% (seventy-four point nine eight per cent);

• pursuant to Article 83-sexies of the TUF, the persons entitled to attend the

Shareholders' Meeting and exercise their voting rights are those in favour of whom entitlement to attend the Shareholders' Meeting and exercise voting rights is certified, at their request, by a communication to the Company made by an authorised intermediary, in accordance with their accounting records at the end of the accounting day of the seventh trading day prior to the date set for the Shareholders' Meeting, i.e. 1 December 2023 (record date);

• those resulting holders of the Company's shares only after that date will not be entitled to attend and vote at the Shareholders' Meeting;

• the intermediary's communication must reach the Company by the end of the third trading day prior to the date set for the Shareholders' Meeting in first call (i.e. by 7 December 2023);

• nevertheless, the right to participate and vote at the Shareholders' Meeting remains, if the communications are received by the Company after that deadline, provided that they are received by the beginning of the Shareholders' Meeting;

• those who have the right to participate at the Shareholders' Meeting may be represented by written proxy in accordance with current legislation.

The Chairman states that no. 278 (two hundred and seventy eight) shareholders entitled to vote are attending the meeting individually or by proxy, representing no. 29,964,782 (twenty nine million nine hundred and sixty four thousand seven hundred and eighty two) ordinary shares (equal to approx. 85.743% (eighty five point seven four three per cent) of share capital), of which no. 9,295,654 (nine million two hundred ninety five thousand six hundred and fifty four) ordinary shares have voting right with no increased voting rights and no. 20,669,128 (twenty million six hundred and sixty nine thousand one hundred and twenty eight) shares with increased voting rights, in the ratio of two voting rights for each share, totalling no. 50,633,910 (fifty million six hundred and thirty three thousand nine hundred and ten) voting rights on no. 55,784,252 (fifty five million seven hundred and eighty four thousand two hundred and fifty two) total voting rights, equal to approx. 90.767% (ninety point seven six seven per cent) of total voting rights, taking into account the shares with increased voting rights.

Since the meeting may continue, the Chairman reports that he will again communicate the number of shares and voting rights before the vote.

The Chairman states that he ascertained, by means of staff appointed for this purpose, the identity and legitimacy of the attendees and that the proxies had been acquired for the social acts.

Hence, he declares that the Ordinary Shareholders' Meeting is duly convened, validly constituted in first call within the terms of the law and the By-laws and is empowered to make resolutions upon item on the agenda.

He announces that there was no solicitation of voting proxies pursuant to Article 136 et seq. of the TUF promoted in relation to today's meeting.

He informs that, pursuant to the "GDPR" (General Data Protection Regulation - EU regulation 2016/679) and the governing national legislation on personal data protection, the personal data collected are processed and stored by the Company, on electronic media and hardcopy, for the purposes of correctly conducting Shareholders' Meetings and for taking minutes, as well to satisfy any related corporate and legal obligations.

He also notes that the audio-video recording of the Shareholders' Meeting is made for the sole purpose of facilitating the taking of the meeting minutes and documenting what is transcribed in the minutes, as specified in the information provided to all participants; all data will be stored, together with

the documents produced during the meeting, at the Company's registered office; recording tools of any kind, photographic equipment and similar cannot be used, with the exception of the audio recording tools used by the Company to facilitate the taking of the meeting minutes.

The Chairman notes that the voting rights relating to the shares for which the disclosure obligations referred to in Articles 120 and 122, paragraph 1, of the TUF – concerning respectively the significant equity investments and shareholders' agreements – have not been fulfilled, cannot be exercised.

The Chairman also states that the Company is not aware of any shareholders' agreements stipulated between shareholders pursuant to Article 122 of the TUF.

He acknowledges that, with regard to the item of the agenda, the requirements envisaged by governing laws and regulations have been duly fulfilled and the related documentation has been subject to disclosure obligations contemplated by the applicable regulation, as well as made available on the Company's website. In particular, the Explanatory Report of the Board of Directors on the item on the agenda of the Shareholders' Meeting, drawn up pursuant to the combined provisions of Articles 2357 and 2357-ter of the Italian Civil Code as well as Article 132 of the TUF, and its implementing provisions, has been made available at the Company's registered office, as well as on the Company's website www.sanlorenzoyacht.com, "Corporate Governance" section, and on the "eMarket Storage" mechanism within the terms set out by law.

In addition, he acknowledges that a USB stick and a QR Code, containing the supporting documents for the meeting, have been made available to the attendees and, in any case, such documentation is available to anyone who requests in paper format.

The Chairman informs:

• that list of names of the participants in the Shareholders' Meeting, individually or by proxy, complete with the relative number of shares and voting rights is attached to the meeting minutes, under letter "A";

• that the Company has not received any questions prior to the Shareholders' Meeting, in accordance with the provisions of Article 127-ter of the TUF;

• in accordance with Article 11.4 of the By-Laws, those who wish to take the floor on the item on the agenda will have to book their speech when I indicate the opening of the debate. The right to take the floor will be provided to the Shareholders who promptly request it; the Chairman will decide the order of the speakers; answers will be eventually provided at the end of the last speech; the Shareholders who booked for the speech will have the right to reply at the end of any answers. I would like to specify that speeches must be concise and strictly relevant to the item on the agenda; the Shareholders are invited to limit their speech within 5 minutes, in which will have to be included also eventual voting explanations, and within 2 minutes for the replies to the eventual answers provided.

Finally, the Chairman pointed out that the votes will be held by a show of hands, indicating to any proxy holders with more than one proxy that they will be able to cast different votes within the total number of shares represented.

To allow a better conduct of the meeting proceedings, the Chairman kindly asks the attendees not to leave until votes have taken place, therefore those who need to leave are asked to inform Monte Titoli.

The Chairman then moves on to discussion of the first and only item on the agenda:

"1. Authorisation for the purchase and disposal of treasury shares, pursuant to the combined provisions of Articles 2357 and 2357-ter of the Italian Civil Code, as well as Article 132 of Italian Legislative Decree no. 58 of 24 February 1998, and its implementing provisions. Related and consequent resolutions."

The Chairman specifies that the reading of the Explanatory Report by the Board of Directors will be omitted, limiting the reading to the proposal for resolution only.

The Chairman acknowledges that no one opposes and he recalls that the approval of the proposal for authorisation to purchase and dispose of Sanlorenzo ordinary shares is submitted to the Shareholders' Meeting, pursuant to the combined provisions of Articles 2357 and 2357-ter of the Italian Civil Code, as well as Article 132 of the TUF and its implementing provisions, and in particular Article 144-bis of the Issuers' Regulation, without prejudice to the application of the MAR Regulation (Regulation (EU) no. 596 of 16 April 2014 on market abuse), the Delegated Regulation (Commission Delegated Regulation (EU) no. 1052 of 8 March 2016 on the conditions applicable to share buybacks and stabilisation measures), as well as the market practices permitted and approved from time to time by Consob pursuant to the MAR Regulation.

Most recently, he recalls that the Shareholders' Meeting had authorised the purchase and disposal of the Company's ordinary shares on 28 April 2022. This purchase authorisation had a duration of 18 months from the date of the aforementioned resolution and therefore expired on 28 October 2023, while the authorisation of disposal was granted without time limit.

It is therefore appropriate that the Company should again be granted the right to purchase and dispose of treasury shares, for the purposes expressed in the Explanatory Report of the Board of Directors pursuant to the Issuers' Regulations, which has been made available to the public in the manner and within the terms set out by law, as well as to the attendees in the manner indicated at the opening of the Shareholders' Meeting.

In view of the foregoing, the Board of Directors submits the following proposal for resolution to the approval of the Shareholders' Meeting:

"The Shareholders' Meeting of Sanlorenzo S.p.A., which met in ordinary session,

(i) having heard and approved the explanation by the Board of Directors;

(ii) having examined the Explanatory Report of the Board of Directors and the proposals contained therein;

(iii) having shared the reasons for the proposals contained therein resolves

to authorise the Board of Directors of Sanlorenzo S.p.A. to purchase ordinary shares of Sanlorenzo S.p.A., on one or more occasions and to a freely determinable extent, for a period of 18 (eighteen) months from the date of this resolution, for the purposes referred to in the aforementioned Explanatory Report of the Board of Directors and within the limits, under the conditions and procedures referred to in the same Report, to be considered as applied in full, and in particular according to the procedures specified below:

the maximum number of shares to be purchased is 3,491,956 (three million four hundred and ninety-one thousand nine hundred and fifty-six), subject, in any case, to compliance with the maximum limit provided for in Article 2357, paragraph 3 of the Italian Civil Code;

the purchases will be carried out – in compliance with all applicable

regulations – at a price that is not more than 20% (twenty per cent) higher or lower than the reference price recorded on the Euronext Milan regulated market organised and managed by Borsa Italiana S.p.A. in the trading session preceding each individual transaction;

in any case, purchases may only take place within the limits of the distributable profit and available reserves resulting from the latest approved financial statements and may only concern fully paid-in shares;

purchases will be carried out in accordance with applicable regulations, and in particular in such a way as to allow observance of the equal treatment of shareholders, in accordance with the provisions of Article 132 of the TUF, and in compliance with Article 144-bis of Consob Regulation no. 11971 of 14 May 1999, as amended ("Issuers' Regulation"), and any other applicable regulations as well as, to the extent applicable, by market practices permitted and approved by Consob pursuant to the MAR Regulation (the "Permitted Practices");

to authorise the Board of Directors of Sanlorenzo S.p.A., pursuant to Article 2357-ter of the Italian Civil Code, to dispose in whole and/or in part of its treasury shares, without time limits, establishing the price and methods of disposal in the manner deemed most appropriate in the interest of the Company and in compliance with applicable regulations, in the manner and for the purposes set forth in the Board of Directors' Explanatory Report and within the limits, conditions and terms set forth in said Report, to be considered fully referred to, and in particular – in compliance with the terms, conditions and requirements established by applicable regulations as well as, where applicable, by the Permitted Practices, in particular where the shares are used to support the liquidity on the market of Sanlorenzo S.p.A. shares – in the manner set out below:

treasury shares may be subject to acts of disposal on one or more occasions, in amounts freely determinable, even before the quantity of treasury shares that can be purchased has been exhausted; it will also be possible to repurchase the shares after their disposal, provided that the limits of the law and the maximum limit of the purchase authorisation as indicated above are respected;

the acts of disposal, if transacted in cash, may not be undertaken at a price more than 20% (twenty per cent) lower than the reference price recorded on the Euronext Milan regulated market organised and managed by Borsa Italiana S.p.A. in the trading session prior to each individual transaction;

if the acts of disposal of the shares are transacted – in any manner, including but not limited to, in addition to sale, through exchange, contribution and any other non-cash disposal – in the context of extraordinary transactions of interest to Sanlorenzo S.p.A., including, by way of example but not limited to, the exchange of equity investments, acquisitions, mergers, spin-offs, share capital transactions, other corporate and/or financial transactions, according to the economic terms and conditions of the transaction that will be determined by the Sanlorenzo S.p.A. Board of Directors from time to time based on the nature and characteristics of the transaction, also taking into consideration the market performance of the Sanlorenzo S.p.A. stock and the Company's best interest;

the shares servicing the compensation plans based on financial instruments for the benefit of directors, employees or contractors of the Company and/or its subsidiaries will be assigned to the beneficiaries of the plans in the manner and under the terms indicated in the regulations of the plans;

to confirm and grant, as far as may be necessary, the Board of Directors of Sanlorenzo S.p.A. the faculty and all the broadest, more appropriate powers necessary to carry out any activity, take any resolution and enter into any deed to implement the resolutions referred to in the preceding points and to see to the disclosure to the market in relation thereto, pursuant to applicable laws and regulations, with the power to delegate its powers, duties and responsibilities to the Chairman of the Board of Directors, the Vice Chairman of the Board of Directors and other of its members, including severally among them."

The Chair of the Board of Statutory Auditors declares that the Board of Statutory Auditors, upon analysis of the documentation produced, has not identified any impediments.

At this point, the Chairman of the Shareholders' Meeting declares the debate on the proposal read previously open and he invites the shareholders entitled to vote who wish to take the floor to book and indicate their name, recalling the speech rules set out at the opening of the Shareholders' Meeting.

The President declared the booking of speeches closed.

No voting shareholder took the floor.

After a full debate, at forty minutes after eleven o' clock, the Chairman puts the proposal for resolution read previously to the vote.

***

The Chairman states that no. 278 (two hundred and seventy eight) shareholders entitled to vote are attending the meeting individually or by proxy, representing no. 29,964,782 (twenty nine million nine hundred and sixty four thousand seven hundred and eighty two) ordinary shares, equal to approx. 85.743% (eighty five point seven four three per cent) of share capital), and totaling no. 50,633,910 (fifty million six hundred and thirty three thousand nine hundred and ten) voting rights, equal to approx. 90.767% (ninety point seven six seven per cent) of total voting rights, taking into account the shares with increased voting rights.

The Chairman invites the shareholders entitled to cast their vote and, in advance, he requests that any situations in which the right to vote is excluded be stated, particularly with regard to the subject under vote.

He also notes that the Lawyer Dario Trevisan of the Law Firm Trevisan & Associati has sent a communication today to Monte Titoli S.p.A. and to the lawyers of the company with whom he certifies that the shareholder PUBLIC INVESTMENT FUND, holder of no. 2,083,216 (two million eighty three thousand two hundred and sixteen) shares representing 3.7% (three point seven per cent) of voting rights, is exempt from the communications of major shareholdings up to 5% (five per cent) pursuant to Article 119-bis, paragraph 7 of the Issuers' Regulation for management companies and both EU and non-EU obliged entities.

The Chairman invites the holders of more than one proxy, if they wish to express diversified votes within the total number of shares represented, to provide the details with the voting expressions.

The Chairman therefore declares the resolution read previously adopted by the majority of the votes cast by a show of hands, and he specifies that no. 278 (two hundred and seventy eight) shareholders entitled to vote participated in the vote, representing no. 29,964,782 (twenty nine million nine hundred and sixty four thousand seven hundred and eighty two) ordinary shares, equal to approx. 85.743% (eighty five point seven four three per cent) of share capital), and totaling no. 50,633,910 (fifty million six hundred and thirty three

in favour no.	50,469,999,	equal to approx. 99.676%;
against no.	163,911,	equal to approx.	0.324%;
abstained no.	0,	equal to approx.	0%;
non-voting no.	0,	equal to approx.	0%.

The details of those who voted in favour, against, abstained or did not vote, with the number of their respective shares and voting rights, are highlighted in the nominative list of participants in the meeting, attached under the letter "A".

There being no other matters to be resolved and as none of the attendees have requested the floor, the Chairman thanks all the attendees and steps down from the chair and closes the Shareholders' Meeting at forty-eight minutes after eleven o'clock.

All costs with regard to this deed and related expenses will be borne by the Company.

Pursuant to the privacy regulations in force, the persons before me declare their receipt from me, as Notary, of the written instruction envisaged in Article 13 of Italian Legislative Decree no. 196 of 30 June 2003, and specifically consents to processing of the "common" personal data for all the institutional purposes of my office, as well as of any "sensitive" and/or "judicial" data contained in this deed or, in any event, acquired during the course of the related procedures, where permitted for the latter by specific provisions of the law or by a provision of the Privacy Authority.

Upon request,

I, as Notary, have received and read this deed to the person appearing before me who, on my asking, fully accepts it as compliant with his will and signs it, together with me, as Notary, at fifty-five minutes after eleven o'clock.

Written partly with electronic means by a person in whom I trust, and partly by my own hand as Notary, this deed consists of seven legal sheets, occupying twenty-four sides and up to this line of the twenty-five.

Massimo Perotti (signed on the original)

Niccolò Massella Ducci Teri, Notary (signed on the original).

Allegato el n. 18.52.8. di Reperterio

SANLORENZO S.P.A.

Assemblea ordinaria del 12 dicembre 2023

e al n. .3.468. di Roccoita sub. " A "

elenco intervenuti

Nº	Aventi diritto	Rappresentante	Delegato	Azioni in proprio	Azioni per delega	% sulle azioni ord.	E	U	E	U	E	U	E
	1 PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO		BALDELLI SONIA (STUDIO TREVSAN)		1.765		0,005 11:00
	2 CONSTELLATION PENSION MASTER TRUST		BALDELLI SONIA (STUDIO TREVSAN)		280		0,001 11:00
	3 NORTHERN TRUST COMMON ALL COUNTRY WORLD EX-US INVESTABLE MAR		BALDELLI SONIA (STUDIO TREVSAN)		525		0.002 11:00
	4 EXELON CORPORATION PENSION MASTER RETIREMENT TRUST		BALDELLI SONIA (STUDIO TREVSAN)		396		0,001 11:00
	5 LAZARD/WILMINGTON ACW EX-US SMALL CAP EQUITY ADVANTAGE FUND		BALDELLI SONIA (STUDIO TREVSAN)		617		0,002 11:00
	6 UNITED NATIONS JOINT STAFF PENSION FUND.		BALDELLI SONIA (STUDIO TREVSAN)		47.496		0.136 11:00
	7 STRATHCLYDE PENSION FUND		BALDELLI SONIA (STUDIO TREVSAN)		67.923		0,194 11:00
	SOUTHERN CALIFORNIA UNITED FOOD AND COMMERCIAL WORKERS UNIONS AND B FOOD EMPLOYERS JOINT PENSION		BALDELLI SONIA (STUDIO TREVSAN)		541		0,002 11:00
	9 TEMPLETON INTERNATIONAL SMALLER COMPANIES FUND		BALDELLI SONIA (STUDIO TREVSAN)		240.825		0.689 11:00
	10 LAZARD/WILMINGTON EAFE SMALL CAP EQUITY ADVANTAGE FUND		BALDELLI SONIA (STUDIO TREVSAN)		4.468		0.013 11:00
	11 NATIONAL RAILROAD RETIREMENT INVESTMENT TRUST		BALDELLI SONIA (STUDIO TREVSAN)		1.923		0,006 11:00
	12 NORTHERN TRUST GLOBAL INVESTMENTS COLLECTIVE FUNDS TRUST		BALDELLI SONIA (STUDIO TREVSAN)		11.820		0,034 11:00
	13 NORTHERN TRUST GLOBAL INVESTMENTS COLLECTIVE FUNDS TRUST		BALDELLI SONIA (STUDIO TREVSAN)		3.322		0,010 11:00
	14 ILLINOIS MUNICIPAL RETIREMENT FUND		BALDELLI SONIA (STUDIO TREVSAN)		89.370		0,256 11:00
	15 UTAH STATE RETIREMENT SYSTEMS		BALDELLI SONIA (STUDIO TREVSAN)		259		0,001 11:00
	16 BLACKROCK AUTHORISED CONTRACTUAL SCHEME I		BALDELLI SONIA (STUDIO TREVSAN)		2.688		0,008 11:00
	17 STATE TEACHERS RETIREMENT SYSTEM OF OHIO		BALDELLI SONIA (STUDIO TREVSAN)		2.865		0,008 11:00
	ELO MUTUAL PENSION INSURANCE COMPANY ELO MUTUAL PENSION INSURANCE 18 COMPANY		BALDELLI SONIA (STUDIO TREVSAN)		9.341		0,027 11:00
	19 MISSOURI EDUCATION PENSION TRUST		BALDELLI SONIA (STUDIO TREVSAN)		18.233		0,052 11:00
	20 MISSOURI EDUCATION PENSION TRUST		BALDELLI SONIA (STUDIO TREVSAN)		4.879		0,014 11:00
	21 ACADIAN NON-US SMALL-CAP LONG-SHORT EQUITY FUND LLC		BALDELLI SONIA (STUDIO TREVSAN)		23.624		0.068 11:00
	22 TWO SIGMA EQUITY RISK PREMIA PORTFOLIO LLC.		BALDELLI SONIA (STUDIO TREVSAN)		1.100		0,003 11:00
	23 D.E. SHAW ALL COUNTRY GLOBAL ALPHA PLUS PORTFOLIOS II L.L.C.		BALDELLI SONIA (STUDIO TREVSAN)		782		0.002 11:00
	24 D. E. SHAW ALL COUNTRY GLOBAL ALPHA PLUS PORTFOLIOS L.L.C.		BALDELLI SONIA (STUDIO TREVSAN)		2.248		0,006 11:00
	25 DE SHAW ALL COUNTRY GLOBAL ALPHA EXTENSION PORTFOLIOS LLC		BALDELLI SONIA (STUDIO TREVSAN)		2.759		0,008 11:00
	26 DE SHAW ALL COUNTRY GLOBAL ALPHA EXTENSION PORTFOLIOS LLC		BALDELLI SONIA (STUDIO TREVSAN)		346		0,001 11:00
	AQR DELPHI LONG-SHORT EQUITY MASTER ACCOUNT L.P. PORTFOLIO MARGIN 27 ACCT		BALDELLI SONIA (STUDIO TREVSAN)		4.643		0,013 11:00
	28 DE SHAW WORLD ALPHA EXTENSION PORTFOLIOS LLC		BALDELLI SONIA (STUDIO TREVSAN)		24.492		0,070 11:00
	29 TWO SIGMA ABSOLUTE RETURN PORTFOLIO LLC		BALDELLI SONIA (STUDIO TREVSAN)		609		0,002 11:00
	30 CC&L Q 140/40 FUND		BALDELLI SONIA (STUDIO TREVSAN)		111		0.000 11:00
	31 CC&L MULTI-STRATEGY FUND		BALDELLI SONIA (STUDIO TREVSAN)		3		0,000 11:00
	32 CHALLENGE FUNDS - CHALLENGE EUROPEAN EQUITY FUND		BALDELLI SONIA (STUDIO TREVSAN)		657		0,002 11:00
	33 LGT SELECT FUNDS		BALDELLI SONIA (STUDIO TREVSAN)		-230		0,002 11:00
	34 MEDIOLANUM BEST BRANDS - EUROPEAN SMALL CAP EQUITY		BALDELLI SONIA (STUDIO TREVSAN)		28.579		0,082 11:00
	35 FIDELITY CONCORD STREET TRUST: FIDELITY SAI INTERNATIONAL S		BALDELLI SONIA (STUDIO TREVSAN)		8 390	न्दू	0.010 11:00
	36 JHF II INT'L SMALL CO FUND		BALDELLI SONIA (STUDIO TREVSAN)		13454 63454	20,001 11:00
	27 IHVIT INT' SMAII CO TRUST		BALDELLI SONIA (STUDIO TREVSAN)		556		0,002 11:00

Pag. 1 di 8

. PRIVATE

							CERTIFIED
38 THE CONTINENTAL SMALL COMPANY SERIES NY	BALDELLI SONIA (STUDIO TREVSAN)	11.197		0,032 11:00
39 KIA F509-ACADIAN	BALDELLI SONIA (STUDIO TREVSAN)	15.810		0,045 11:00			1
40 LEGAL AND GENERAL ASSURANCE (PENSIONS MANAGEMENT) LIMITED	BALDELLI SONIA (STUDIO TREVSAN)	6.175		0,018 11:00
41 OLD WESTBURY SMALL AND MID CAP STRATEGIES FUND.	BALDELLI SONIA (STUDIO TREVSAN)	31.494		0,090 11:00
INTERNATIONAL CORE EQUITY PORTFOLIO OF DFA INVESTMENT DIMENSIONS 42 GROUP INC	BALDELLI SONIA (STUDIO TREVSAN)	44.088		0,126 11:00
43 TWO SIGMA INTERNATIONAL CORE	BALDELLI SONIA (STUDIO TREVSAN)	1.800		0,005 11:00
44 TWO SIGMA WORLD CORE FUND LP	BALDELLI SONIA (STUDIO TREVSAN)	1.000		0,003 11:00
45 HILLSDALE GLOBAL SMALL CAP EQUITY FUND.	BALDELLI SONIA (STUDIO TREVSAN)	12.700		0,036 11:00
46 CC&L Q GLOBAL SMALL CAP EQUITY FUND	BALDELLI SONIA (STUDIO TREVSAN)	27		0,000 11:00
47 CC&L Q US EQUITY EXTENSION FUND	BALDELLI SONIA (STUDIO TREVSAN)	30		0,000 11:00
48 OMAM INVESTMENT FUNDS LLC - ACADIAN ALL COUNTRY WORLD EX US	BALDELLI SONIA (STUDIO TREVSAN)	340		0,001 11:00
CC&L Q GLOBAL EQUITY MARKET NEUTRAL MASTER FUND LTD. C/O CODAN TRUST 49 COMPANY	BALDELLI SONIA (STUDIO TREVSAN)	412		0,001 11:00
50 CC&L MULTI-STRATEGY FUND	BALDELLI SONIA (STUDIO TREVSAN)	88		0,000 11:00
51 CC&L Q 140/40 FUND.	BALDELLI SONIA (STUDIO TREVSAN)	698		0,002 11:00
52 CC&L GLOBAL LONG SHORT FUND	BALDELLI SONIA (STUDIO TREVSAN)	7		0,000 11:00
53 TWO SIGMA EQUITY SPECTRUM PORTFOLIO LLC	BALDELLI SONIA (STUDIO TREVSAN)	100		0.000 11:00
54 PANAGORA DIVERSIFIED ARBITRAGE INCUBATOR	BALDELLI SONIA (STUDIO TREVSAN)	649		0,002 11:00
55 S&P PLUS INCUBATOR INC.	BALDELLI SONIA (STUDIO TREVSAN)	ு		0,000 11:00
56 AMUNDI SGR SPA / AMUNDI RISPARMIO ITALIA	BALDELLI SONIA (STUDIO TREVSAN)	48.396		0,138 11:00
57 AMUNDI SGR SPA / AMUNDI SVILUPPO ITALIA	BALDELLI SONIA (STUDIO TREVSAN)	405.340		1,160 11:00
58 SEI GLOBAL MASTER FUND PLC	BALDELLI SONIA (STUDIO TREVSAN)	11.737		0,034 11:00
59 AMUNDI MULTI-GERANTS PEA PME	BALDELLI SONIA (STUDIO TREVSAN)	55.657		0.159 11:00
60 OFI INVEST ISR GRANDES MARQUES	BALDELLI SONIA (STUDIO TREVSAN)	77.746		0,222 11:00
61 OFI INVEST ISR SMALL MID CAPS	BALDELLI SONIA (STUDIO TREVSAN)	58.000		0,166 11:00
62 LYXOR FTSE ITALIA MID CAP PIR	BALDELLI SONIA (STUDIO TREVSAN)	46.922		0.134 11:00
63 LYXINDX FUND - LYXOR MSCI EMU	BALDELLI SONIA (STUDIO TREVSAN)	5.984		0,017 11:00
64 MUL LYX FTSE IT ALL CAP PIR 20	BALDELLI SONIA (STUDIO TREVSAN)	770		0,002 11:00
65 BANCO BILBAO VIZCAYA ARGENTARIA SA	BALDELLI SONIA (STUDIO TREVSAN)	56.644		0,162 11:00
66 FIRST TRUST IPOX EUROPE EQUITY OPPORTUNITIES ETF	BALDELLI SONIA (STUDIO TREVSAN)	75		0,000 11:00
67 VANGUARD FTSE ALLWORLD EXUS SMALLCAP INDEX FUND	BALDELLI SONIA (STUDIO TREVSAN)	43.934		0,126 11:00
68 VANGUARD EUROPEAN STOCK INDEX FUND	BALDELLI SONIA (STUDIO TREVSAN)	29.748		0,085 11:00
69 FIS GROUP COLLECTIVE INVESTMENT TRUST	BALDELLI SONIA (STUDIO TREVSAN)	2.788		0,008 11:00
70 ACADIAN INTERNATIONAL SMALL CAP FUND	BALDELLI SONIA (STUDIO TREVSAN)	44.039		0,126 11:00
71 ACADIAN INTERNATIONAL ALL CAP FUND	BALDELLI SONIA (STUDIO TREVSAN)	2.305		0,007 11:00
72 COLLEGES OF APPLIED ARTS AND TECHNOLOGY PENSIONPLAN	BALDELLI SONIA (STUDIO TREVSAN)	1.319		0,004 11:00
73 ARIZONA STATE RETIREMENT SYSTEM	BALDELLI SONIA (STUDIO TREVSAN)	396		0.001 11:00
74 ACADIAN INTERNATIONAL SMALL CAP EQUITY II FUND LLC	BALDELLI SONIA (STUDIO TREVSAN)	6.921		0,020 11:00
75 LOCKHEED MARTIN CORPORATION MASTER RETIREMENT TRUST	BALDELLI SONIA (STUDIO TREVSAN)	6		0,000 11:00
76 STATE OF WISCONSIN INVESTMENT BOARD	BALDELLI SONIA (STUDIO TREVSAN)	1		0.000 11:00
FIRST TRUST GLOBAL FUNDS PLC FIRST TRUST IPOX EUROPE EQUITY 77 OPPORTUNITIES UCITS ETF	BALDELLI SONIA (STUDIO TREVSAN)	-34		0,000 11:00
78 PENSION RESERVES INVESTMENT TRUST FUND	BALDELLI SONIA (STUDIO TREVSAN)	-5.814		0,017 11:00
79 ADVANCED SERIES TRUST AST GLOBAL BOND PORTFOLIO	BALDELLI SONIA (STUDIO TREVSAN)	1.826		0,005 11:00
80 BLACKROCK GLOBAL FUNDS	BALDELLI SONIA (STUDIO TREVSAN)	+ + 4,125	< 0.012 11:00
81 XTRACKERS MSCI EUROZONE HEDGED EQUITY ETF	BALDELLI SONIA (STUDIO TREVSAN)	675		0,000 11:00

. PRIVATE

EMARKET
SDIR

							CERT
82 AMUNDI DIVIDENDO ITALIA	BALDELLI SONIA (STUDIO TREVSAN)	95.210	0,272 11:00
83 AMUNDI VALORE ITALIA PIR	BALDELLI SONIA (STUDIO TREVSAN)	39.600	0.113 11:00
84 LEADERSEL P.M.I	BALDELLI SONIA (STUDIO TREVSAN)	29.373	0,084 11:00
85 AMUNDI MSCIEUROPE SMALL CAP ESG CLIMATE NET ZERO AMBITION CTB	BALDELLI SONIA (STUDIO TREVSAN)	194	0.001 11:00
86 STICHTING BPL PENSIOEN MANDAAT UBS AM LT	BALDELLI SONIA (STUDIO TREVSAN)	382	0.001 11:00
87 CARPIMKO PTES ET MOYENN CAPI C	BALDELLI SONIA (STUDIO TREVSAN)	4.953	0.014 11:00
88 AMUNDI INDEX EUROPE EX UK SMALL AND MID CAP FUND	BALDELLI SONIA (STUDIO TREVSAN)	534	0,002 11:00
89 DNCA ACTIONS SMALL ET MID CAP EURO	BALDELLI SONIA (STUDIO TREVSAN)	139.690	0,400 11:00
90 GRANDES MARQUES ISR M	BALDELLI SONIA (STUDIO TREVSAN)	23.170	0.066 11:00
91 DNCA ACTIONS EURO PME	BALDELLI SONIA (STUDIO TREVSAN)	211.735	0.606 11:00
92 ROCHE BRUNE EURO PME FCP	BALDELLI SONIA (STUDIO TREVSAN)	7.521	0.022 11:00
93 CPR EUROPE ESG POCHE COR	BALDELLI SONIA (STUDIO TREVSAN)	7.752	0.022 11:00
94 AMPLEGEST MIDCAPS FCP	BALDELLI SONIA (STUDIO TREVSAN)	32.000	0,092 11:00
95 ADARA	BALDELLI SONIA (STUDIO TREVSAN)	10.320	0,030 11:00
96 EDR SICAV - EUROPEAN SMALLER COMPANIES	BALDELLI SONIA (STUDIO TREVSAN)	18.968	0,054 11:00
97 AMUNDI DIVIDENDO ITALIA	BALDELLI SONIA (STUDIO TREVSAN)	94.095	0,269 11:00
98 GOVERNMENT OF NORWAY	BALDELLI SONIA (STUDIO TREVSAN)	82.618	0,236 11:00
99 GOVERNMENT OF NORWAY	BALDELLI SONIA (STUDIO TREVSAN)	97.560	0.279 11:00
100 DIGITAL FUNDS STARS EUROZONE	BALDELLI SONIA (STUDIO TREVSAN)	9.824	0,028 11:00
101 DIGITAL FUNDS STARS EUROPE SMALLER COMPANIES	BALDELLI SONIA (STUDIO TREVSAN)	112	0,000 11:00
102 LEGAL & GENERAL ICAV.	BALDELLI SONIA (STUDIO TREVSAN)	1.976	0,006 11:00
103 VERDIPAPIRFONDET KLP AKSJEGLOBAL SMALL CAP INDEKS I	BALDELLI SONIA (STUDIO TREVSAN)	1.892	0,005 11:00
104 LAZARD EUROPEAN SMALLER COMPANIES FUND	BALDELLI SONIA (STUDIO TREVSAN)	53.375	0,153 11:00
105 TREASURER OF THE STATE OF NORTH CAROLINA EQUITY INVESTMENT	BALDELLI SONIA (STUDIO TREVSAN)	326.443	0,934 11:00
106 AZL DFA INTERNATIONAL CORE EQUITY FUND	BALDELLI SONIA (STUDIO TREVSAN)	376	0,001 11:00
107 COUNTY EMPLOYEES ANNUITY AND BENEFIT FUND OF COOK COUNTY	BALDELLI SONIA (STUDIO TREVSAN)	150.945	0.432 11:00
108 ALASKA PERMANENT FUND CORPORATION	BALDELLI SONIA (STUDIO TREVSAN)	110	0,000 11:00
	BALDELLI SONIA (STUDIO TREVSAN)	428	0.001 11:00
109 ALASKA PERMANENT FUND CORPORATION	BALDELLI SONIA (STUDIO TREVSAN)	4.710	0,013 11:00
110 CI MORNINGSTAR INTERNATIONAL MOMENTUM INDEX ETF	BALDELLI SONIA (STUDIO TREVSAN)	179	0.001 11:00
111 VIRGINIA RETIREMENT SYSTEM	BALDELLI SONIA (STUDIO TREVSAN)	1.103	0,003 11:00
112 STICHTING PENSIOENFONDS HORECA AND CATERING	BALDELLI SONIA (STUDIO TREVSAN)	3.301	0.009 11:00
113 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	BALDELLI SONIA (STUDIO TREVSAN)	854	0.002 11:00
114 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	BALDELLI SONIA (STUDIO TREVSAN)	10.042	0,029 11:00
115 UPS GROUP TRUST ACADIAN GLOBAL EQUITY ABSOLUTE RETURN FUND LLC CO ACADIAN ASSET		158	0,000 11:00
116 MANAGEMENT. LLC	BALDELLI SONIA (STUDIO TREVSAN)	356	0,001 11:00
117 PK CSG WORLD EQUITY CREDIT SUISSE FUNDS AG	BALDELLI SONIA (STUDIO TREVSAN)		0,003 11:00
118 CSIF CH EQUITY WORLD EX CH SMALL CAP ESG BLUE CREDIT SUISSE FUNDS AG	BALDELLI SONIA (STUDIO TREVSAN)	984
119 VANGUARD FUNDS PUBLIC LIMITED COMPANY	BALDELLI SONIA (STUDIO TREVSAN)	119	0.000 11:00
120 UI-FONDS BAV RBI AKTIEN	BALDELLI SONIA (STUDIO TREVSAN)	5.241	0,015 11:00
121 VANGUARD INTERNATIONAL SMALL COMPANIES INDEX FUND	BALDELLI SONIA (STUDIO TREVSAN)	2.600		0,007 11:00
122 TEMPLETON INSTITUTIONAL FUNDS - FOREIGN SMALLER COMPANIES SERIES	BALDELLI SONIA (STUDIO TREVSAN)	84.679		0,242 11:00
123 STICHTING SHELL PENSIOENFONDS	BALDELLI SONIA (STUDIO TREVSANY	980 12-31-62.		0.003 11:00
124 CREDIT SUISSE INDEX FUND (LUX)	BALDELLI SONIA (STUDIO TREVSAN)	4.684 - Sept.		0,013 11:00
FLEXSHARES MORNINGSTAR DEVELOPED MARKETS EX-US FACTOR TILT INDEX 125 FILIND	BALDELLI SONIA (STUDIO TREDDAN)	132		0,000 11:00

. PRIVATE

r 14

EMARKET
SDIR IFIED

126 VANGUARD INVESTMENT SERIES PUBLIC LIMITED COMPANY	BALDELLI SONIA (STUDIO TREVSAN)	1.488	0.004 11:00
127 SEI INSTITUTIONAL INVESTMENTS TRUST WORLD EQUITY EX-US FUND	BALDELLI SONIA (STUDIO TREVSAN)	1.602	0,005 11:00
128 VANGUARD INVESTMENT SERIES PUBLIC LIMITED COMPANY	BALDELLI SONIA (STUDIO TREVSAN)	6.808	0.019 11:00
129 VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND	BALDELLI SONIA (STUDIO TREVSAN)	171.159	0,490 11:00
130 ACADIAN ALL COUNTRY WORLD EX US EQUITY CIT FUND	BALDELLI SONIA (STUDIO TREVSAN)	1.989	0.006 11:00
131 JPMORGAN FUNDS	BALDELLI SONIA (STUDIO TREVSAN)	2	0,000 11:00
132 ALTRIA CLIENT SERVICES MASTER RETIREMENT TRUST	BALDELLI SONIA (STUDIO TREVSAN)	3.532	0,010 11:00
133 ROBIN 1-FONDS	BALDELLI SONIA (STUDIO TREVSAN)	6.532	0,019 11:00
134 ALLIANZGI FONDS AFE	BALDELLI SONIA (STUDIO TREVSAN)	3.573	0,010 11:00
135 SYCOMORE SELECTION PME	BALDELLI SONIA (STUDIO TREVSAN)	41.955	0,120 11:00
FIDELITY COMMON CONTRACTUAL FUND II - FIDELITY EUROPE EX-UK EQUITY FUND 136 (ACADIAN)	BALDELLI SONIA (STUDIO TREVSAN)	10.608	0,030 11:00
137 G.A.-FUND-B - EURO EQUITIES	BALDELLI SONIA (STUDIO TREVSAN)	675	0.002 11:00
138 BROCKEN-UI-FONDS	BALDELLI SONIA (STUDIO TREVSAN)	70.477	0,202 11:00
139 FRANKLIN TEMPLETON INVESTMENT FUNDS	BALDELLI SONIA (STUDIO TREVSAN)	44.751	0,128 11:00
140 WILSHIRE MUTUAL FUNDS, INC. - WILSHIRE INTERNATIONAL EQUITY FUND	BALDELLI SONIA (STUDIO TREVSAN)	899	0.003 11:00
141 TEMPLETON GLOBAL SMALLER COMPANIES FUND	BALDELLI SONIA (STUDIO TREVSAN)	272.907	0,781 11:00
NVESTERINGSFORENINGEN DANSKE INVEST SELECT TACTICAL ASSET 142 ALLOCATION EURO - ACCUMULATING KL	BALDELLI SONIA (STUDIO TREVSAN)	562	0,002 11:00
INVESTERINGSFORENINGEN DANSKE INVEST SELECT TACTICAL ASSET 143 ALLOCATION - DANMARK AKKUMULERENDE KL	BALDELLI SONIA (STUDIO TREVSAN)	6.389	0.018 11:00
SHELL PENSIONS TRUST LIMITED AS TRUSTEE OF SHELL CONTRIBUTORY PENSION 144 FUND	BALDELLI SONIA (STUDIO TREVSAN)	1.137	0.003 11:00
145 NEW YORK STATE COMMON RETIREMENT FUND	BALDELLI SONIA (STUDIO TREVSAN)	1.308	0.004 11:00
BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A. INVESTMENT FUNDS FOR	BALDELLI SONIA (STUDIO TREVSAN)	52.822	0.151 11:00
146 EMPLOYEE BENEFIT TRUSTS		49.112	0,141 11:00
147 JPMORGAN FUNDS INVESTERINGSFORENINGEN DANSKE INVEST SELECT TACTICAL ASSET	BALDELLI SONIA (STUDIO TREVSAN)
148 ALLOCATION SVERIGE - ACCUMULATING KL	BALDELLI SONIA (STUDIO TREVSAN)	639	0,002 11:00
VANGUARD FIDUCIARY TRUST COMPANY INSTITUTIONAL TOTAL INTERNATIONAL 149 STOCK MARKET INDEX TRUST	BALDELLI SONIA (STUDIO TREVSAN)	10.885	0.031 11:00
150 SCHRODER INTERNATIONAL SELECTION FUND	BALDELLI SONIA (STUDIO TREVSAN)	38.129	0,109 11:00
151 ROBERT BOSCH GMBH	BALDELLI SONIA (STUDIO TREVSAN)	5.489	0.016 11:00
152 TEACHERS' RETIREMENT SYSTEM OF THE CITY OF NEW YORK	BALDELLI SONIA (STUDIO TREVSAN)	100.916	0.289 11:00
153 MH EDRAM EURO SMIDCAP	BALDELLI SONIA (STUDIO TREVSAN)	116.500	0.333 11:00
154 JPMORGAN FUND II ICVC - JPM EUROPE SMALLER COMPANIES FUND	BALDELLI SONIA (STUDIO TREVSAN)	89.030	0.255 11:00
155 FONDS DE RESERVE POUR LES RETRAITES	BALDELLI SONIA (STUDIO TREVSAN)	6.611	0,019 11:00
156 MANDARINE FUNDS - MANDARINE GLOBAL SPORT	BALDELLI SONIA (STUDIO TREVSAN)	6.780	0.019 11:00
INVESTERINGSFORENINGEN DANSKE INVEST SELECT TACTICAL ASSET	BALDELLI SONIA (STUDIO TREVSAN)	335	0,001 11:00
157 ALLOCATION NORGE - ACCUMULATING KL 158 SCHRODER INTERNATIONAL SELECTION FUND	BALDELLI SONIA (STUDIO TREVSAN)	120.846	0.346 11:00
159 VANGUARD ESG INTERNATIONAL STOCK ETF	BALDELLI SONIA (STUDIO TREVSAN)	1.303	0.004 11:00
160 STATE OF NEW MEXICO STATE INVESTMENT COUNCIL	BALDELLI SONIA (STUDIO TREVSAN)	1.124	0.003 11:00
UNIVERSAL-INVESTMENT-GESELLSCHAFT MBH ON BEHALF OF STBV-NW-	BALDELLI SONIA (STUDIO TREVSAN)	542	0.002 11:00
161 UNIVERSAL-FONDS		6.696	0.019 11:00
162 TEACHERS' RETIREMENT SYSTEM OF THE CITY OF NEW YORK	BALDELLI SONIA (STUDIO TREVSAN)	6.600	0.019 11:00
163 TEMA LUXURY ETF VANGUARD FIDUCIARY TRUST COMPANY INSTITUTIONAL TOTAL INTERNATIONAL	BALDELLI SONIA (STUDIO TREVSAN)
164 STOCK MARKET INDEX TRUST II	BALDELLI SONIA (STUDIO TREVSAN)	84.518	0.242 11:00
165 FFG	BALDELLI SONIA (STUDIO TREVSAN)	584 - A	0.002 11:00
166 SYCOMORE SELECTION MIDCAP	BALDELLI SONIA (STUDIO TREVSAN)	20.531	0,059 11:00
4CZ MCCLEMI IMINDEY CUND B (EMI IIMIR)	BAI DELLI SONIA (STUDIO TREVSAN)	10	0.000 11:00

. PRIVATE

EMARKET
SDIR

							CERT
168 JPMORGAN FUNDS	BALDELLI SONIA (STUDIO TREVSAN)		0,000 11:00
169 PUBLIC INVESTMENT FUND	BALDELLI SONIA (STUDIO TREVSAN)	2.083.216	5,961 11:00
170 JPMORGAN EUROPEAN DISCOVERY TRUST PLC	BALDELLI SONIA (STUDIO TREVSAN)	459.771	1,316 11:00
171 BLACKROCK MSCI EAFE SMALL CAP EQUITY INDEX FUND B (EAFESMLB	BALDELLI SONIA (STUDIO TREVSAN)	2.687	0,008 11:00
172 STICHTING PENSIOENFONDS VOOR HUISARTSEN	BALDELLI SONIA (STUDIO TREVSAN)	359	0,001 11:00
BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A. INVESTMENT FUNDS FOR 173 EMPLOYEE BENEFIT TRUSTS	BALDELLI SONIA (STUDIO TREVSAN)	3.108	0,009 11:00
174 ALLIANZGI-FONDS DSPT	BALDELLI SONIA (STUDIO TREVSAN)	506	0,001 11:00
BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A. INVESTMENT FUNDS FOR 175 EMPLOYEE BENEFIT TRUSTS	BALDELLI SONIA (STUDIO TREVSAN)	3.131	0,009 11:00
BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A. INVESTMENT FUNDS FOR 176 EMPLOYEE BENEFIT TRUSTS	BALDELLI SONIA (STUDIO TREVSAN)	14.308	0,041 11:00
177 STICHTING BEDRIJFSTAKPENSIOEN FONDS VOOR DE MEDIA PNO	BALDELLI SONIA (STUDIO TREVSAN)	2.024	0,006 11:00
178 CC AND L Q MARKET NEUTRAL FUND	BALDELLI SONIA (STUDIO TREVSAN)	631	0,002 11:00
179 CC AND L Q MARKET NEUTRAL FUND II	BALDELLI SONIA (STUDIO TREVSAN)	278	0,001 11:00
180 CC L ALTERNATIVE GLOBAL EQUITY FUND	BALDELLI SONIA (STUDIO TREVSAN)	8	0,000 11:00
181 CC AND L Q GLOBAL EQUITY MARKET NEUTRAL MASTER FUND LTD	BALDELLI SONIA (STUDIO TREVSAN)	983	0,003 11:00
182 ROUNDHILL S&P GLOBAL LUXURY ETF	BALDELLI SONIA (STUDIO TREVSAN)	20	0,000 11:00
183 STATE OF NEW MEXICO STATE INVESTMENT COUNCIL	BALDELLI SONIA (STUDIO TREVSAN)	2.123	0,006 11:00
184 ONEPATH GLOBAL SHARES - SMALL CAP (UNHEDGED) INDEXPOOL	BALDELLI SONIA (STUDIO TREVSAN)	393	0,001 11:00
185 UNIVERSAL-INVESTMENT-GESELLSCHAFT MBH	BALDELLI SONIA (STUDIO TREVSAN)	4.301	0,012 11:00
186 ALLIANZ GLOBAL INVESTORS GMBH	BALDELLI SONIA (STUDIO TREVSAN)	4.578	0.013 11:00
187 UNIVERSAL-INVESTMENT-GESELLSCHAFT MBH	BALDELLI SONIA (STUDIO TREVSAN)	2.927	0,008 11:00
188 NIKKO WT - NIKKO EUROPEAN LUXURY EQUITY FUND	BALDELLI SONIA (STUDIO TREVSAN)	30.663	0,088 11:00
	BALDELLI SONIA (STUDIO TREVSAN)	372	0,001 11:00
189 AQR ABS RETURN MASTER NON FLIP	BALDELLI SONIA (STUDIO TREVSAN)	13.075	0,037 11:00
190 ISHARES VII PLC	BALDELLI SONIA (STUDIO TREVSAN)	9.070	0,026 11:00
191 ISHARES VII PLC	BALDELLI SONIA (STUDIO TREVSAN)	9.954	0,028 11:00
192 COLLEGE RETIREMENT EQUITIES FUND	BALDELLI SONIA (STUDIO TREVSAN)	2.927	0,008 11:00
193 REGIME DE RENTES DU MOUVEMENT DESJARDINS	BALDELLI SONIA (STUDIO TREVSAN)	2.607	0,007 11:00
194 THE REGENTS OF THE UNIVERSITY OF CALIFORNIA	BALDELLI SONIA (STUDIO TREVSAN)	1.323	0,004 11:00
195 NEW ENGLAND CARPENTERS PENSION FUND	BALDELLI SONIA (STUDIO TREVSAN)	1.528	0,004 11:00
196 NEW ENGLAND CARPENTERS GUARANTEED ANNUITY FUND	BALDELLI SONIA (STUDIO TREVSAN)	33.134	0,095 11:00
197 EUROPE INVESTMENT FUND 198 SAINTGOBAIN CORPORATION DEFINEDBENEFIT MASTER TRUST	BALDELLI SONIA (STUDIO TREVSAN)	7.838	0,022 11:00
	BALDELLI SONIA (STUDIO TREVSAN)	238	0,001 11:00
199 SPDR PORTFOLIO EUROPE ETF	BALDELLI SONIA (STUDIO TREVSAN)	7.832		0,022 11:00
200 SST GLOB ADV TAX EXEMPT RETIREMENT PLANS 201 SSB MSCI EAFE SMALL CAP INDEX SECURITIES LENDING COMMON FND	BALDELLI SONIA (STUDIO TREVSAN)	3.667		0,010 11:00
202 LAZARD INTERNATIONAL SMALL CAP EQUITY PORTFOLIO	BALDELLI SONIA (STUDIO TREVSAN)	3.740	0,011	11:00
	BALDELLI SONIA (STUDIO TREVSAN)	5.127		0,015 11:00
203 TEACHER RETIREMENT SYSTEM OF TEXAS	BALDELLI SONIA (STUDIO TREVSAN)	267		0,001 11:00
204 THE MONETARY AUTHORITY OF SINGAPORE	BALDELLI SONIA (STUDIO TREVSAN)	496		0,001 11:00
205 PUBLIC AUTHORITY FOR SOCIAL INSURANCE	BALDELLI SONIA (STUDIO TREVSAN)	1.646		0,005 11:00
206 INTERNATIONAL EQUITY FUND	BALDELLI SONIA (STUDIO TREVSAN)	રૂદ		0,000 11:00
207 CIBC PENSION PLAN	BALDELLI SONIA (STUDIO TREVSAN)	53.694		0,154 11:00
208 ISHARES MSCI EAFE SMALL-CAP ETF	BALDELLI SONIA (STUDIO TREVSAN)			0,003 11:00
209 ISHARES MSCI EUROPE SMALL-CAP ETF	BALDELLI SONIA (STUDIO TREVSAN)	1589 154134		0,033 11:00
210 ISHARES MSCI INTL SMALL-CAP MULTIFACTOR ETF	BALDELLI SONIA (STUDIO TREVSAN)	29,726		0,085 11:00
211 ISHARES CORE MSCI EAFE ETF

. PRIVATE

EMARKET
SDIR IFIED

DEALERSON ASSET WANASENEN SUHWEIL AG UN BEHALF OF ISHARES WORLD
212 EX SWITZERLAND SMALL CAP EQUITY	BALDELLI SONIA (STUDIO TREVSAN)	1.947	0.006 11:00
213 UBS LUX FUND SOLUTIONS	BALDELLI SONIA (STUDIO TREVSAN)	62	0,000 11:00
214 UBS LUX FUND SOLUTIONS	BALDELLI SONIA (STUDIO TREVSAN)	2.897	0,008 11:00
215 WASHINGTON STATE INVESTMENT BOARD	BALDELLI SONIA (STUDIO TREVSAN)	4.884	0,014 11:00
216 WISDOMTREE EUROPE SMALLCAP DIVIDEND FUND	BALDELLI SONIA (STUDIO TREVSAN)	14.760	0,042 11:00
217 WISDOMTREE INTERNATIONAL SMALLCAP DIVIDEND FUND	BALDELLI SONIA (STUDIO TREVSAN)	19.231	0,055 11:00
218 WISDOMTREE EUROPE HEDGED SMALLCAP EQUITY FUND	BALDELLI SONIA (STUDIO TREVSAN)	953	0,003 11:00
WISDOMTREE DYNAMIC CURRENCY HEDGED INTERNATIONAL SMALLCAP EQUITY 219 FUND	BALDELLI SONIA (STUDIO TREVSAN)	4.187	0,012 11:00
220 SST GLOB ADV TAX EXEMPT RETIREMENT PLANS	BALDELLI SONIA (STUDIO TREVSAN)	24.467	0,070 11:00
221 VANGUARD FIDUCIARY TRUST COMPANY DEVELOPED MARKETS INDEX TRUST	BALDELLI SONIA (STUDIO TREVSAN)	2.055	0.006 11:00
222 VANGUARD TOTAL WORLD STOCK INDEX FUND	BALDELLI SONIA (STUDIO TREVSAN)	9.428	0,027 11:00
223 VANGUARD DEVELOPED MARKETS INDEX FUND	BALDELLI SONIA (STUDIO TREVSAN)	110.552	0,316 11:00
224 SCHWAB INTERNATIONAL SMALLCAP EQUITY ETF	BALDELLI SONIA (STUDIO TREVSAN)	26.341	0,075 11:00
225 INTERNATIONAL PAPER COMPANY COMMINGLED INVESTMENT GROUP TRUST	BALDELLI SONIA (STUDIO TREVSAN)	305	0,001 11:00
226 AMERICAN CENTURY ETF TRUST-AVANTIS INTERNATIONAL EQUITY ETF	BALDELLI SONIA (STUDIO TREVSAN)	2.938	0,008 11:00
227 AMERICAN CENTURY ETF TRUST-AVANTIS INTERNATIONAL SMALL CAP VALUE	BALDELLI SONIA (STUDIO TREVSAN)	3.410	0,010 11:00
228 AMERICAN CENTURY ETF TRUST-AVANTIS INTERNATIONAL EQUITY FUND	BALDELLI SONIA (STUDIO TREVSAN)	108	0,000 11:00
229 AMERICAN CENTURY ETF TRUST AVANTIS INT SMALL CAP VALUE FUND	BALDELLI SONIA (STUDIO TREVSAN)	1.756	0,005 11:00
AMERICAN CENTURY ETF TRUST-AVANTIS RESPONSIBLE INTERNATIONAL EQUITY 230 ETF	BALDELLI SONIA (STUDIO TREVSAN)	136	0,000 11:00
231 AMERICAN CENTURY ETF TRUST-AVANTIS INTERNATIONAL SMALL CAP EQUITY ETF	BALDELLI SONIA (STUDIO TREVSAN)	84	0,000 11:00
232 THE REGENTS OF THE UNIVERSITY OF CALIFORNIA	BALDELLI SONIA (STUDIO TREVSAN)	1.097	0,003 11:00
233 THE REGENTS OF THE UNIVERSITY OF CALIFORNIA	BALDELLI SONIA (STUDIO TREVSAN)	ರಿ	0,000 11:00
234 THE REGENTS OF THE UNIVERSITY OF CALIFORNIA	BALDELLI SONIA (STUDIO TREVSAN)	13	0.000 11:00
235 TRUST II BRIGHTHOUSEDIMENSIONALINT SMALL COMPANY PORTFOLIO	BALDELLI SONIA (STUDIO TREVSAN)	813
236 STATE STREET GLOBAL ALL CAP EQUITY EXUS INDEX PORTFOLIO	BALDELLI SONIA (STUDIO TREVSAN)	2.587	0,002 11:00 0,007 11:00
237 LVIP DIMENSIONAL INTERNATIONAL CORE EQUITY FUND	BALDELLI SONIA (STUDIO TREVSAN)	298	0,001 11:00
238 LAZARD GLOBAL ACTIVE FUNDS PLC	BALDELLI SONIA (STUDIO TREVSAN)	17.567	0,050 11:00
239 MGI FUNDS PLC	BALDELLI SONIA (STUDIO TREVSAN)	19.190
240 MERCER UCITS COMMON CONTRACTUALFUND	BALDELLI SONIA (STUDIO TREVSAN)	1.153	0,055 11:00
241 MERCER UCITS COMMON CONTRACTUALFUND		1.141	0.003 11:00
242 MERCER QIF FUND PLC	BALDELLI SONIA (STUDIO TREVSAN)		0,003 11:00
243 MERCER QIF COMMON CONTRACTUAL FUND	BALDELLI SONIA (STUDIO TREVSAN)	2.948	0,008 11:00
244 MONTANA BOARD OF INVESTMENTS	BALDELLI SONIA (STUDIO TREVSAN)	1.925	0.006 11:00
245 MARYLAND STATE RETIREMENT PENSION SYSTEM	BALDELLI SONIA (STUDIO TREVSAN)	125	0,000 11:00
	BALDELLI SONIA (STUDIO TREVSAN)	0988	0,002 11:00
246 MARYLAND STATE RETIREMENT PENSION SYSTEM	BALDELLI SONIA (STUDIO TREVSAN)	788	0,002 11:00
247 STATE OF NEW JERSEY COMMON PENSION FUND D	BALDELLI SONIA (STUDIO TREVSAN)	6.781	0,019 11:00
248 CITY OF NEW YORK GROUP TRUST 249 CITY OF NEW YORK GROUP TRUST	BALDELLI SONIA (STUDIO TREVSAN)	2.323	0,007 11:00
	BALDELLI SONIA (STUDIO TREVSAN)	2.243	0.006 11:00
250 CITY OF NEW YORK GROUP TRUST	BALDELLI SONIA (STUDIO TREVSAN)	1.255	0,004 11:00
251 CITY OF NEW YORK GROUP TRUST	BALDELLI SONIA (STUDIO TREVSAN)	6.518	0,019 11:00
252 CITY OF NEW YORK GROUP TRUST	BALDELLI SONIA (STUDIO TREVSAN)	The start 1888 1373	0,003 11:00
253 CITY OF NEW YORK GROUP TRUST	BALDELLI SONIA (STUDIO TREVSAN)	THE	0,001 11:00
254 CITY OF NEW YORK GROUP TRUST	BALDELLI SONIA (STUDIO TREVSAN)	ട് റ്റ്ദ	0,001 11:00
255 THE STATE OF CONNECTICUT, ACTING THROUGH ITS TREASURER	BALDELLI SONIA (STUDIO TREVSAN)	2:139 =	0.006 11:00

Pag. 6 di 8

. PRIVATE

EMARKET
SDIR certified

EMARKET
SDIR certified

256 SSGA SPDR ETFS EUROPE II PUBLICLIMITED COMPANY	BALDELLI SONIA (STUDIO TREVSAN)	52.		0,001 11:00
257 SSGA SPDR ETFS EUROPE II PUBLICLIMITED COMPANY	BALDELLI SONIA (STUDIO TREVSAN)	1.508		0,004 11:00
258 CALIFORNIA STATE TEACHERS' RETIREMENT SYSTEM	BALDELLI SONIA (STUDIO TREVSAN)	8.568		0,025 11:00
259 CALIFORNIA STATE TEACHERS' RETIREMENT SYSTEM	BALDELLI SONIA (STUDIO TREVSAN)	3.413		0.010 11:00
260 VANGUARD FTSE DEVELOPED EUROPE ALL CAP INDEX ETF	BALDELLI SONIA (STUDIO TREVSAN)	161		0,000 11:00
261 VANGUARD FTSE DEVELOPED ALL CAPEX NORTH AMERICA INDEX ETF	BALDELLI SONIA (STUDIO TREVSAN)	1.754		0,005 11:00
262 HPANDP GLOBAL EQUITY	BALDELLI SONIA (STUDIO TREVSAN)	3.210		0,009 11:00
263 UNIVERSAL-INVESTMENT-GESELLSCHAFT MBH ON BEHALF OF BAYVK A3-FONDS	BALDELLI SONIA (STUDIO TREVSAN)	138.474		0,396 11:00
264 UNIVERSAL-INVESTMENT-GESELLSCHAFT MBH ON BEHALF OF BAYVK A1-FONDS	BALDELLI SONIA (STUDIO TREVSAN)	17.578		0,050 11:00
265 QUONIAM FUNDS SELECTION SICAV - EUROPEAN EQUITIES	BALDELLI SONIA (STUDIO TREVSAN)	3.135		0,009 11:00
266 CITY OF PHILADELPHIA PUBLIC EMPLOYEES RETIREMENT SYSTEM.	BALDELLI SONIA (STUDIO TREVSAN)	763		0,002 11:00
267 MI FONDS K10	BALDELLI SONIA (STUDIO TREVSAN)	3.961		0,011 11:00
268 VINCENZI TOMMASO	LEONARDO MUSUMECI	94.758		0,271 11:00
269 HOLDING HAPPY LIFE SRL	LEONARDO MUSUMECI	180.640		0.517 11:00
270 HOLDING HAPPY LIFE SRL - VOTO MAGGIORATO	LEONARDO MUSUMECI	20.669.128	59,144 11:00
271 BRUZZESE ATTILIO	IVAN ROSARIO CUTRUFELLO	1.212		0,003 11:00
272 ROSSI FERRUCCIO	SIMONE BRUCKNER	382.755		1,095 11:00
273 DEMARIA CARLA	EDOARDO MISCIOSCIA	356.056		1,019 11:00
274 LUCHI FIDUCIARIA SPA	LEONARDO MUSUMECI	8.000		0,023 11:00
275 LUCHI FIDUCIARIA SPA MF 689	LEONARDO MUSUMEC	306.337		0.877 11:00
276 LUCHI FIDUCIARIA SPA POS. 37	LEONARDO MUSUMECI	15.000		0,043 11:00
277 LUCHI FIDUCIARIA SPA POS. 609	LEONARDO MUSUMECI	75.000		0,215 11:00
278 BALDERI FRANCESCO		610		0,002 11:00

Totale azioni in proprio	610
Totale azioni per delega	29,964.172
Totale generale azioni	29.964.782
% sulle azioni ord.	85.743
Darcona partecinanti all'accomhlag.

Persone partecipanti all'assemblea:

Comunicazione n.I
ore:	11:00

SANLORENZO S.P.A.

Assemblea ordinaria dei soci del 12 dicembre 2023

COMUNICAZIONE DEL PRESIDENTE ALL'ASSEMBLEA

Sono presenti n. 278		aventi diritto partecipanti all'Assemblea, in proprio o per
delega, per complessive n. 29.964.782		azioni,
regolarmente depositate, che rappresentano il		85,743	% di n.	34.947.124
azioni costituenti il capitale sociale per complessivi n.			50.633.910 voti
che rappresentano il	90,767	% di n.	55.784.252	voti.

Persone partecipanti all'assemblea:

7

ESITO VOTAZIONE

Punto 1 ordinaria - Autorizzazione all'acquisto e disposizione di azioni proprie, ai sensi del combinato disposto degli articoli 2357 e 2357-ter del codice civile, nonché dell'articolo 132 del D. Lgs. 24 febbraio 1998, n. 58 e relative disposizioni di attuazione. Deliberazioni inerenti e consequenti.

Nº Aventi diritto	Rappresentante	Delegato	Voti in proprio	Voti per delega	% sul capitale VOTI on diritto di voto		Azioni in proprio	Azioni per delega
PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO		BALDELLI SONIA (STUDIO TREVSAN)		1.765	0.003	F		1.765
2 CONSTELLATION PENSION MASTER TRUST		BALDELLI SONIA (STUDIO TREVSAN)		280	0.001	E		280
3 NORTHERN TRUST COMMON ALL COUNTRY WORLD EX-US INVESTABLE MAR		BALDELLI SONIA (STUDIO TREVSAN)		525	0.00-	F		525
4 EXELON CORPORATION PENSION MASTER RETIREMENT TRUST		BALDELLI SONIA (STUDIO TREVSAN)		396	0,001	F		396
5 LAZARD/WILMINGTON ACW EX-US SMALL CAP EQUITY ADVANTAGE FUND		BALDELLI SONIA (STUDIO TREVSAN)		617	0,001	F		617
6 UNITED NATIONS JOINT STAFF PENSION FUND.		BALDELLI SONIA (STUDIO TREVSAN)		47.496	0,085	E		47.496
7 STRATHCLYDE PENSION FUND		BALDELLI SONIA (STUDIO TREVSAN)		67.923	0,122	F		67.923
SOUTHERN CALIFORNIA UNITED FOOD AND COMMERCIAL WORKERS UNIONS AND of FOOD EMPLOYERS JOINT PENSION		BALDELLI SONIA (STUDIO TREVSAN)		54.	0.001	E		541
9 TEMPLETON INTERNATIONAL SMALLER COMPANIES FUND		BALDELLI SONIA (STUDIO TREVSAN)		240.825	0,432	F		240.825
10 LAZARD/WILMINGTON EAFE SMALL CAP EQUITY ADVANTAGE FUND		BALDELLI SONIA (STUDIO TREVSAN)		4.468	0.008	F		4.468
11 NATIONAL RAILROAD RETIREMENT INVESTMENT TRUST		BALDELLI SONIA (STUDIO TREVSAN)		1.923	0,003	F		1.923
12 NORTHERN TRUST GLOBAL INVESTMENTS COLLECTIVE FUNDS TRUST		BALDELLI SONIA (STUDIO TREVSAN)		11.820	0,021	F		11.820
13 NORTHERN TRUST GLOBAL INVESTMENTS COLLECTIVE FUNDS TRUST		BALDELLI SONIA (STUDIO TREVSAN)		3.322	0.006	F		3.322
14 ILLINOIS MUNICIPAL RETIREMENT FUND		BALDELLI SONIA (STUDIO TREVSAN)		89.370	0,160	F		89.370
15 UTAH STATE RETIREMENT SYSTEMS		BALDELLI SONIA (STUDIO TREVSAN)		259	0,000	F		259
16 BLACKROCK AUTHORISED CONTRACTUAL SCHEME I		BALDELLI SONIA (STUDIO TREVSAN)		2,688	0,005	F		2.688
17 STATE TEACHERS RETIREMENT SYSTEM OF OHIO		BALDELLI SONIA (STUDIO TREVSAN)		2.865	0,005	F		2.865
ELO MUTUAL PENSION INSURANCE COMPANY ELO MUTUAL PENSION INSURANCE 18 COMPANY		BALDELLI SONIA (STUDIO TREVSAN)		9.341	0,017	F		9.341
19 MISSOURI EDUCATION PENSION TRUST		BALDELLI SONIA (STUDIO TREVSAN)		18.233	0,033	E		18.233
20 MISSOURI EDUCATION PENSION TRUST		BALDELLI SONIA (STUDIO TREVSAN)		4.879	0,009	F		4.879
21 ACADIAN NON-US SMALL-CAP LONG-SHORT EQUITY FUND LLC		BALDELLI SONIA (STUDIO TREVSAN)		23.624	0,042	F		23.624
22 TWO SIGMA EQUITY RISK PREMIA PORTFOLIO LLC.		BALDELLI SONIA (STUDIO TREVSAN)		1.100	0,002	E		1.100
23 D.E. SHAW ALL COUNTRY GLOBAL ALPHA PLUS PORTFOLIOS II L.L.C.		BALDELLI SONIA (STUDIO TREVSAN)		782	0,001	E		782
24 D. E. SHAW ALL COUNTRY GLOBAL ALPHA PLUS PORTFOLIOS L.L.C.		BALDELLI SONIA (STUDIO TREVSAN)		2.248	0,004	F		2.248
25 DE SHAW ALL COUNTRY GLOBAL ALPHA EXTENSION PORTFOLIOS LLC		BALDELLI SONIA (STUDIO TREVSAN)		2.759	0.005	F		2.759
26 DE SHAW ALL COUNTRY GLOBAL ALPHA EXTENSION PORTFOLIOS LLC		BALDELLI SONIA (STUDIO TREVSAN)		346	0,001	E		346
AQR DELPHI LONG-SHORT EQUITY MASTER ACCOUNT L.P. PORTFOLIO MARGIN ACCT		BALDELLI SONIA (STUDIO TREVSAN)		4.643	0,008	E		4.643
28 DE SHAW WORLD ALPHA EXTENSION PORTFOLIOS LLC		BALDELLI SONIA (STUDIO TREVSAN)		24.492	0.044	F		24.492
29 TWO SIGMA ABSOLUTE RETURN PORTFOLIO LLC		BALDELLI SONIA (STUDIO TREVSAN)		eog	0,00	F		600
30 CC&L Q 140/40 FUND		BALDELLI SONIA (STUDIO TREVSAN)	100 Stars 12 મું જુ	111	0,000	E		11-
31 CC&L MULTI-STRATEGY FUND		BALDELLI SONIA (STUDIO TREVSAN),			0,000	F
32 CHALLENGE FUNDS - CHALLENGE EUROPEAN EQUITY FUND		BALDELLI SONIA (STUDIO TREVSAN)	2018	657	0.00.	F		657

. PRIVATE

33 LGT SELECT FUNDS	BALDELLI SONIA (STUDIO TREVSAN)	530	0.001	E	530
34 MEDIOLANUM BEST BRANDS - EUROPEAN SMALL CAP EQUITY	BALDELLI SONIA (STUDIO TREVSAN)	28.579	0.05	F	28.579
35 FIDELITY CONCORD STREET TRUST: FIDELITY SAI INTERNATIONAL S	BALDELLI SONIA (STUDIO TREVSAN)	3.390	0.006	F	3.390
36 JHF II INT'L SMALL CO FUND	BALDELLI SONIA (STUDIO TREVSAN)	454	0,001	F	454
37 JHVIT INT'L SMALL CO TRUST	BALDELLI SONIA (STUDIO TREVSAN)	556	0.001	F	556
38 THE CONTINENTAL SMALL COMPANY SERIES NY	BALDELLI SONIA (STUDIO TREVSAN)	11.197	0,020	F	11.197
39 KIA F509-ACADIAN	BALDELLI SONIA (STUDIO TREVSAN)	15.810	0,028	F	15.810
40 LEGAL AND GENERAL ASSURANCE (PENSIONS MANAGEMENT) LIMITED	BALDELLI SONIA (STUDIO TREVSAN)	6.175	0,011	F	6.175
41 OLD WESTBURY SMALL AND MID CAP STRATEGIES FUND.	BALDELLI SONIA (STUDIO TREVSAN)	31.494	0,056	E	31.494
INTERNATIONAL CORE EQUITY PORTFOLIO OF DFA INVESTMENT DIMENSIONS 42 GROUP INC	BALDELLI SONIA (STUDIO TREVSAN)	44.088	0,079	F	44.088
43 TWO SIGMA INTERNATIONAL CORE	BALDELLI SONIA (STUDIO TREVSAN)	1.800	0,003	F	1.800
44 TWO SIGMA WORLD CORE FUND LP	BALDELLI SONIA (STUDIO TREVSAN)	1.000	0,002	F	1.000
45 HILLSDALE GLOBAL SMALL CAP EQUITY FUND.	BALDELLI SONIA (STUDIO TREVSAN)	12.700	0,023	F	12.700
46 CC&L Q GLOBAL SMALL CAP EQUITY FUND	BALDELLI SONIA (STUDIO TREVSAN)	27	0.000	F	27
47 CC&L Q US EQUITY EXTENSION FUND	BALDELLI SONIA (STUDIO TREVSAN)	30	0,000	F	30
48 OMAM INVESTMENT FUNDS LLC - ACADIAN ALL COUNTRY WORLD EX US	BALDELLI SONIA (STUDIO TREVSAN)	340	0,001	F	340
CC&L Q GLOBAL EQUITY MARKET NEUTRAL MASTER FUND LTD. C/O CODAN TRUST 49 COMPANY	BALDELLI SONIA (STUDIO TREVSAN)	412	0,001	F	412
50 CC&L MULTI-STRATEGY FUND	BALDELLI SONIA (STUDIO TREVSAN)	88	0,000	F	88
51 CC&L Q 140/40 FUND.	BALDELLI SONIA (STUDIO TREVSAN)	698	0,001	F	698
52 CC&L GLOBAL LONG SHORT FUND	BALDELLI SONIA (STUDIO TREVSAN)		0,000	F	7
53 TWO SIGMA EQUITY SPECTRUM PORTFOLIO LLC	BALDELLI SONIA (STUDIO TREVSAN)	100	0,000	F	100
54 PANAGORA DIVERSIFIED ARBITRAGE INCUBATOR	BALDELLI SONIA (STUDIO TREVSAN)	649	0,001	F	649
55 S&P PLUS INCUBATOR INC.	BALDELLI SONIA (STUDIO TREVSAN)	g	0,000	F	9
56 AMUNDI SGR SPA / AMUNDI RISPARMIO ITALIA	BALDELLI SONIA (STUDIO TREVSAN)	48.396	0,087	F	48.396
57 AMUNDI SGR SPA / AMUNDI SVILUPPO ITALIA	BALDELLI SONIA (STUDIO TREVSAN)	405.340	0.727	F	405,340
58 SEI GLOBAL MASTER FUND PLC	BALDELLI SONIA (STUDIO TREVSAN)	11.737	0,021	F	11.737
59 AMUNDI MULTI-GERANTS PEA PME	BALDELLI SONIA (STUDIO TREVSAN)	55.657	0,100	E	55.657
60 OFI INVEST ISR GRANDES MARQUES	BALDELLI SONIA (STUDIO TREVSAN)	77.746	0.139	F	77.746
61 OFI INVEST ISR SMALL MID CAPS	BALDELLI SONIA (STUDIO TREVSAN)	58.000	0,104	F	58.000
62 LYXOR FTSE ITALIA MID CAP PIR	BALDELLI SONIA (STUDIO TREVSAN)	46.922	0,084	F	46.922
63 LYXINDX FUND - LYXOR MSCI EMU	BALDELLI SONIA (STUDIO TREVSAN)	5.984	0,011	F	5.984
64 MUL LYX FTSE IT ALL CAP PIR 20	BALDELLI SONIA (STUDIO TREVSAN)	770	0,001	F	770
65 BANCO BILBAO VIZCAYA ARGENTARIA SA	BALDELLI SONIA (STUDIO TREVSAN)	56.644	0,102	F	56.644
66 FIRST TRUST IPOX EUROPE EQUITY OPPORTUNITIES ETF	BALDELLI SONIA (STUDIO TREVSAN)	75	0,000	F	75
67 VANGUARD FTSE ALLWORLD EXUS SMALLCAP INDEX FUND	BALDELLI SONIA (STUDIO TREVSAN)	43.934	0.079	F	43.934
68 VANGUARD EUROPEAN STOCK INDEX FUND	BALDELLI SONIA (STUDIO TREVSAN)	29.748	0,053	F	29.748
69 FIS GROUP COLLECTIVE INVESTMENT TRUST	BALDELLI SONIA (STUDIO TREVSAN)	2.788	0.005	F	2.788
70 ACADIAN INTERNATIONAL SMALL CAP FUND	BALDELLI SONIA (STUDIO TREVSAN)	44.039	0,079	F	44.039
71 ACADIAN INTERNATIONAL ALL CAP FUND	BALDELLI SONIA (STUDIO TREVSAN)	2.305	0,004	F	2.305
72 COLLEGES OF APPLIED ARTS AND TECHNOLOGY PENSIONPLAN	BALDELLI SONIA (STUDIO TREVSAN)	1.319	0.002	F	1.319
73 ARIZONA STATE RETIREMENT SYSTEM	BALDELLI SONIA (STUDIO TREVSAN)	1999 396	0.001	F	396
74 ACADIAN INTERNATIONAL SMALL CAP EQUITY II FUND LLC	BALDELLI SONIA (STUDIO TREVSAN)	11:53 6.921 de	0,012	F	6.921
75 LOCKHEED MARTIN CORPORATION MASTER RETIREMENT TRUST	BALDELLI SONIA (STUDIO TREVSAN)	. Ro 2	0,000	F	6
76 STATE OF WISCONSIN INVESTMENT BOARD	BALDELLI SONIA (STUDIO TREVSAN)	- 12-200	0.000	F	1

. PRIVATE

EMARKET
SDIR CERTIFIED

EMARKET
SDIR certified

FIRST TRUST GLOBAL FUNDS PLC FIRST TRUST IPOX EUROPE EQUITY / OPPORTUNITIES UCITS ETF	BALDELLI SONIA (STUDIO TREVSAN)	31	0.000	E	31
78 PENSION RESERVES INVESTMENT TRUST FUND	BALDELLI SONIA (STUDIO TREVSAN)	5.814	0,010	F	5.814
79 ADVANCED SERIES TRUST AST GLOBAL BOND PORTFOLIO	BALDELLI SONIA (STUDIO TREVSAN)	1.826	0,003	F	1.826
80 BLACKROCK GLOBAL FUNDS	BALDELLI SONIA (STUDIO TREVSAN)	4.125	0,007	F	4.125
81 XTRACKERS MSCI EUROZONE HEDGED EQUITY ETF	BALDELLI SONIA (STUDIO TREVSAN)	75	0.000	F	75
82 AMUNDI DIVIDENDO ITALIA	BALDELLI SONIA (STUDIO TREVSAN)	95.210	0.171	F	95.210
83 AMUNDI VALORE ITALIA PIR	BALDELLI SONIA (STUDIO TREVSAN)	39.600	0,071	E	39,600
84 LEADERSEL P.M.I	BALDELLI SONIA (STUDIO TREVSAN)	29.373	0.053	F	29.373
85 AMUNDI MSCIEUROPE SMALL CAP ESG CLIMATE NET ZERO AMBITION CTB	BALDELLI SONIA (STUDIO TREVSAN)	194	0,000	F	194
86 STICHTING BPL PENSIOEN MANDAAT UBS AM LT	BALDELLI SONIA (STUDIO TREVSAN)	382	0,001	E	382
87 CARPIMKO PTES ET MOYENN CAPI C	BALDELLI SONIA (STUDIO TREVSAN)	4.953	0,009	E	4.953
88 AMUNDI INDEX EUROPE EX UK SMALL AND MID CAP FUND	BALDELLI SONIA (STUDIO TREVSAN)	534	0.001	E	534
89 DNCA ACTIONS SMALL ET MID CAP EURO	BALDELLI SONIA (STUDIO TREVSAN)	139.690	0,250	E	139.690
90 GRANDES MARQUES ISR M	BALDELLI SONIA (STUDIO TREVSAN)	23.170	0.042	F	23.170
91 DNCA ACTIONS EURO PME	BALDELLI SONIA (STUDIO TREVSAN)	211.735	0,380	F	211.735
92 ROCHE BRUNE EURO PME FCP	BALDELLI SONIA (STUDIO TREVSAN)	7.521	0.013	F	7.521
93 CPR EUROPE ESG POCHE COR	BALDELLI SONIA (STUDIO TREVSAN)	7.752	0,014	F	7.752
94 AMPLEGEST MIDCAPS FCP	BALDELLI SONIA (STUDIO TREVSAN)	32.000	0,057	F	32.000
95 ADARA	BALDELLI SONIA (STUDIO TREVSAN)	10.320	0,018	F	10.320
96 EDR SICAV - EUROPEAN SMALLER COMPANIES	BALDELLI SONIA (STUDIO TREVSAN)	18.968	0,034	F	18.968
97 AMUNDI DIVIDENDO ITALIA	BALDELLI SONIA (STUDIO TREVSAN)	94.095	0,169	E	94.095
98 GOVERNMENT OF NORWAY	BALDELLI SONIA (STUDIO TREVSAN)	82.618	0.148	E	82.618
99 GOVERNMENT OF NORWAY	BALDELLI SONIA (STUDIO TREVSAN)	97.560	0,175	F	97,560
100 DIGITAL FUNDS STARS EUROZONE	BALDELLI SONIA (STUDIO TREVSAN)	9.824	0.018	F	9.824
101 DIGITAL FUNDS STARS EUROPE SMALLER COMPANIES	BALDELLI SONIA (STUDIO TREVSAN)	112	0,000	F	112
102 LEGAL & GENERAL ICAV.	BALDELLI SONIA (STUDIO TREVSAN)	1.976	0.004	F	1.976
103 VERDIPAPIRFONDET KLP AKSJEGLOBAL SMALL CAP INDEKS	BALDELLI SONIA (STUDIO TREVSAN)	1.892	0.003	F	1.892
104 LAZARD EUROPEAN SMALLER COMPANIES FUND	BALDELLI SONIA (STUDIO TREVSAN)	53.375	0.096	F	53.375
105 TREASURER OF THE STATE OF NORTH CAROLINA EQUITY INVESTMENT	BALDELLI SONIA (STUDIO TREVSAN)	326.443	0,585	F	326.443
106 AZL DFA INTERNATIONAL CORE EQUITY FUND	BALDELLI SONIA (STUDIO TREVSAN)	376	0.001	F	376
107 COUNTY EMPLOYEES ANNUITY AND BENEFIT FUND OF COOK COUNTY	BALDELLI SONIA (STUDIO TREVSAN)	150.945	0,271	F	150.945
108 ALASKA PERMANENT FUND CORPORATION	BALDELLI SONIA (STUDIO TREVSAN)	110	0.000	F	110
109 ALASKA PERMANENT FUND CORPORATION	BALDELLI SONIA (STUDIO TREVSAN)	428	0,001	F	428
110 CI MORNINGSTAR INTERNATIONAL MOMENTUM INDEX ETF	BALDELLI SONIA (STUDIO TREVSAN)	4.710	0.008	F	4.710
111 VIRGINIA RETIREMENT SYSTEM	BALDELLI SONIA (STUDIO TREVSAN)	179	0.000	F	179
112 STICHTING PENSIOENFONDS HORECA AND CATERING	BALDELLI SONIA (STUDIO TREVSAN)	1.103	0.002	F	1.103
113 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	BALDELLI SONIA (STUDIO TREVSAN)	3.301	0.006	F	3.301
114 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	BALDELLI SONIA (STUDIO TREVSAN)	854	0,002	F	854
115 UPS GROUP TRUST	BALDELLI SONIA (STUDIO TREVSAN)	10.042	0,018	F	10.042
ACADIAN GLOBAL EQUITY ABSOLUTE RETURN FUND LLC CO ACADIAN ASSET	BALDELLI SONIA (STUDIO TREVSAN)	158	0,000	F	158
116 MANAGEMENT. LLC 117 PK CSG WORLD EQUITY CREDIT SUISSE FUNDS AG	BALDELLI SONIA (STUDIO TREVSAN)	12 2012 2014	0.001	E	356
118 CSIF CH EQUITY WORLD EX CH SMALL CAP ESG BLUE CREDIT SUISSE FUNDS AG	BALDELLI SONIA (STUDIO TREVSAN)	1- - ggd	002	F	984
119 VANGUARD FUNDS PUBLIC LIMITED COMPANY	BALDELLI SONIA (STUDIO TREVSAN)	્ટ્ર 119	0.000	F	115
120 UI-FONDS BAV RBI AKTIEN	BALDELLI SONIA (STUDIO TREVSAN)	5.241	60000 8 20,000	F	5.241

. PRIVATE

	EMARKET SDIK
	CERTIFIED
2.600

121 VANGUARD INTERNATIONAL SMALL COMPANIES INDEX FUND	BALDELLI SONIA (STUDIO TREVSAN)	2.600	0,005	F	2.60
122 TEMPLETON INSTITUTIONAL FUNDS - FOREIGN SMALLER COMPANIES SERIES	BALDELLI SONIA (STUDIO TREVSAN)	84.679	0.152	F	84.67
123 STICHTING SHELL PENSIOENFONDS	BALDELLI SONIA (STUDIO TREVSAN)	086	0,002	F	88
124 CREDIT SUISSE INDEX FUND (LUX)	BALDELLI SONIA (STUDIO TREVSAN)	4.684	0,008	E	4.68
FLEXSHARES MORNINGSTAR DEVELOPED MARKETS EX-US FACTOR TILT INDEX 125 FUND	BALDELLI SONIA (STUDIO TREVSAN)	132	0,000	F	13
126 VANGUARD INVESTMENT SERIES PUBLIC LIMITED COMPANY	BALDELLI SONIA (STUDIO TREVSAN)	1.488	0,003	F	1.48
127 SEI INSTITUTIONAL INVESTMENTS TRUST WORLD EQUITY EX-US FUND	BALDELLI SONIA (STUDIO TREVSAN)	1.602	0.003	F	1.60
128 VANGUARD INVESTMENT SERIES PUBLIC LIMITED COMPANY	BALDELLI SONIA (STUDIO TREVSAN)	6.808	0.012	F	6.80
129 VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND	BALDELLI SONIA (STUDIO TREVSAN)	171.159	0.307	F	171.15
130 ACADIAN ALL COUNTRY WORLD EX US EQUITY CIT FUND	BALDELLI SONIA (STUDIO TREVSAN)	1.989	0.004	F	1.98
131 JPMORGAN FUNDS	BALDELLI SONIA (STUDIO TREVSAN)	2	0,000	F
132 ALTRIA CLIENT SERVICES MASTER RETIREMENT TRUST	BALDELLI SONIA (STUDIO TREVSAN)	3.532	0,006	F	3.53
133 ROBIN 1-FONDS	BALDELLI SONIA (STUDIO TREVSAN)	6.532	0,012	F	6.53
134 ALLIANZGI FONDS AFE	BALDELLI SONIA (STUDIO TREVSAN)	3.573	0.006	E	3.57
135 SYCOMORE SELECTION PME	BALDELLI SONIA (STUDIO TREVSAN)	41.955	0,075	F	41.95
FIDELITY COMMON CONTRACTUAL FUND II - FIDELITY EUROPE EX-UK EQUITY FUND 136 (ACADIAN)	BALDELLI SONIA (STUDIO TREVSAN)	10.608	0,019	F	10.60
137 G.A. FUND-B - EURO EQUITIES	BALDELLI SONIA (STUDIO TREVSAN)	675	0.001	F	67
138 BROCKEN-UI-FONDS	BALDELLI SONIA (STUDIO TREVSAN)	70.477	0,126	F	70.47
139 FRANKLIN TEMPLETON INVESTMENT FUNDS	BALDELLI SONIA (STUDIO TREVSAN)	44.751	0.080	F	44.75
140 WILSHIRE MUTUAL FUNDS, INC. - WILSHIRE INTERNATIONAL EQUITY FUND	BALDELLI SONIA (STUDIO TREVSAN)	899	0,002	F	89
141 TEMPLETON GLOBAL SMALLER COMPANIES FUND	BALDELLI SONIA (STUDIO TREVSAN)	272.907	0,489	F	272.90
INVESTERINGSFORENINGEN DANSKE INVEST SELECT TACTICAL ASSET 142 ALLOCATION EURO - ACCUMULATING KL	BALDELLI SONIA (STUDIO TREVSAN)	562	0,001	F	રક
INVESTERINGSFORENINGEN DANSKE INVEST SELECT TACTICAL ASSET 143 ALLOCATION - DANMARK AKKUMULERENDE KL	BALDELLI SONIA (STUDIO TREVSAN)	6.389	0.011	F	6.38
SHELL PENSIONS TRUST LIMITED AS TRUSTEE OF SHELL CONTRIBUTORY PENSION 144 FUND	BALDELLI SONIA (STUDIO TREVSAN)	1.137	0,002	F	1.13
145 NEW YORK STATE COMMON RETIREMENT FUND	BALDELLI SONIA (STUDIO TREVSAN)	1.308	0,002	F	1.30
BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A. INVESTMENT FUNDS FOR				F
146 EMPLOYEE BENEFIT TRUSTS	BALDELLI SONIA (STUDIO TREVSAN)	52.822	0,095		52.82:
147 JPMORGAN FUNDS INVESTERINGSFORENINGEN DANSKE INVEST SELECT TACTICAL ASSET	BALDELLI SONIA (STUDIO TREVSAN)	49.112	0,088	F	49.112
148 ALLOCATION SVERIGE - ACCUMULATING KL	BALDELLI SONIA (STUDIO TREVSAN)	639	0,001	E	639
VANGUARD FIDUCIARY TRUST COMPANY INSTITUTIONAL TOTAL INTERNATIONAL 149 STOCK MARKET INDEX TRUST	BALDELLI SONIA (STUDIO TREVSAN)	10.885	0,020	F	10.885
150 SCHRODER INTERNATIONAL SELECTION FUND	BALDELLI SONIA (STUDIO TREVSAN)	38.129	0,068	F	38.129
151 ROBERT BOSCH GMBH	BALDELLI SONIA (STUDIO TREVSAN)	5.489	0,010	F	5.489
152 TEACHERS' RETIREMENT SYSTEM OF THE CITY OF NEW YORK	BALDELLI SONIA (STUDIO TREVSAN)	100.916	0,181	F	100.916
153 MH EDRAM EURO SMIDCAP	BALDELLI SONIA (STUDIO TREVSAN)	116.500	0.209	F	116.500
154 JPMORGAN FUND II ICVC - JPM EUROPE SMALLER COMPANIES FUND	BALDELLI SONIA (STUDIO TREVSAN)	89.030	0,160	F	89.030
155 FONDS DE RESERVE POUR LES RETRAITES	BALDELLI SONIA (STUDIO TREVSAN)	6.611	0,012	F	6.61.
156 MANDARINE FUNDS - MANDARINE GLOBAL SPORT	BALDELLI SONIA (STUDIO TREVSAN)	6.780	0,012	F	6.780
INVESTERINGSFORENINGEN DANSKE INVEST SELECT TACTICAL ASSET 157 ALLOCATION NORGE - ACCUMULATING KL	BALDELLI SONIA (STUDIO TREVSAN)	335	0,001	F	335
158 SCHRODER INTERNATIONAL SELECTION FUND	BALDELLI SONIA (STUDIO TREVSAN)	120.846	0,217	F	120.846
159 VANGUARD ESG INTERNATIONAL STOCK ETF	BALDELLI SONIA (STUDIO TREVSAN)	ATTABLE 1.303	0,002	F	1.303
160 STATE OF NEW MEXICO STATE INVESTMENT COUNCIL	BALDELLI SONIA (STUDIO TREVSAN) : 3	120000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 1.124 .	0,002	F	1.124
UNIVERSAL-INVESTMENT-GESELLSCHAFT MBH ON BEHALF OF STBV-NW-	BALDELLI SONIA (STUDIO TREVSAN)	542	0,001	F	542
161 UNIVERSAL-FONDS 162 TEACHERS' RETIREMENT SYSTEM OF THE CITY OF NEW YORK	BALDELLI SONIA (STUDIO TREVSAN)	:6.696 ﻣﻘﺎﻃﻌﺔ ﺍﻟﻤﺘ	0,012	F	6.696

. PRIVATE

163 TEMA LUXURY ETF	BALDELLI SONIA (STUDIO TREVSAN)	6.600	0,012	E		6.600
VANGUARD FIDUCIARY TRUST COMPANY INSTITUTIONAL TOTAL INTERNATIONAL 164 STOCK MARKET INDEX TRUST II	BALDELLI SONIA (STUDIO TREVSAN)	84.518	0,152	E		84.518
165 FFG	BALDELLI SONIA (STUDIO TREVSAN)	584	0,001	F		584
166 SYCOMORE SELECTION MIDCAP	BALDELLI SONIA (STUDIO TREVSAN)	20.531	0,037	F		20.531
167 MSCI EMU IMI INDEX FUND B (EMUIMIB)	BALDELLI SONIA (STUDIO TREVSAN)	10	0,000	F		10
168 JPMORGAN FUNDS	BALDELLI SONIA (STUDIO TREVSAN)		0,000	F		1
169 PUBLIC INVESTMENT FUND	BALDELLI SONIA (STUDIO TREVSAN)	2.083.216	3,734	F	2.083.216
170 JPMORGAN EUROPEAN DISCOVERY TRUST PLC	BALDELLI SONIA (STUDIO TREVSAN)	459.771	0,824	F	459.771
171 BLACKROCK MSCI EAFE SMALL CAP EQUITY INDEX FUND B (EAFESMLB	BALDELLI SONIA (STUDIO TREVSAN)	2.687	0,005	E		2.687
172 STICHTING PENSIOENFONDS VOOR HUISARTSEN	BALDELLI SONIA (STUDIO TREVSAN)	359	0,001	F		356
BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A. INVESTMENT FUNDS FOR 173 EMPLOYEE BENEFIT TRUSTS	BALDELLI SONIA (STUDIO TREVSAN)	3.108	0,006	F		3.108
174 ALLIANZGI-FONDS DSPT	BALDELLI SONIA (STUDIO TREVSAN)	506	0,001	F		506
BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A. INVESTMENT FUNDS FOR 175 EMPLOYEE BENEFIT TRUSTS	BALDELLI SONIA (STUDIO TREVSAN)	3.131	0,006	F		3.131
BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A. INVESTMENT FUNDS FOR 176 EMPLOYEE BENEFIT TRUSTS	BALDELLI SONIA (STUDIO TREVSAN)	14.308	0,026	E		14.308
177 STICHTING BEDRIJFSTAKPENSIOEN FONDS VOOR DE MEDIA PNO	BALDELLI SONIA (STUDIO TREVSAN)	2.024	0.004	F		2.024
178 CC AND L Q MARKET NEUTRAL FUND	BALDELLI SONIA (STUDIO TREVSAN)	631	0,001	E		631
179 CC AND L Q MARKET NEUTRAL FUND II	BALDELLI SONIA (STUDIO TREVSAN)	278	0,000	F		278
180 CC L ALTERNATIVE GLOBAL EQUITY FUND	BALDELLI SONIA (STUDIO TREVSAN)	8	0,000	F		8
181 CC AND L Q GLOBAL EQUITY MARKET NEUTRAL MASTER FUND LTD	BALDELLI SONIA (STUDIO TREVSAN)	983	0,002	F		983
182 ROUNDHILL S&P GLOBAL LUXURY ETF	BALDELLI SONIA (STUDIO TREVSAN)	20	0,000	F		20
183 STATE OF NEW MEXICO STATE INVESTMENT COUNCIL	BALDELLI SONIA (STUDIO TREVSAN)	2.123	0,004	F		2.123
184 ONEPATH GLOBAL SHARES - SMALL CAP (UNHEDGED) INDEXPOOL	BALDELLI SONIA (STUDIO TREVSAN)	393	0,001	E		393
185 UNIVERSAL-INVESTMENT-GESELLSCHAFT MBH	BALDELLI SONIA (STUDIO TREVSAN)	4.301	0,008	F		4.301
186 ALLIANZ GLOBAL INVESTORS GMBH	BALDELLI SONIA (STUDIO TREVSAN)	4.578	0,008	F		4.578
187 UNIVERSAL-INVESTMENT-GESELLSCHAFT MBH	BALDELLI SONIA (STUDIO TREVSAN)	2.927	0,005	F		2.927
188 NIKKO WT - NIKKO EUROPEAN LUXURY EQUITY FUND	BALDELLI SONIA (STUDIO TREVSAN)	30.663	0.055	F		30.663
189 AQR ABS RETURN MASTER NON FLIP	BALDELLI SONIA (STUDIO TREVSAN)	372	0,001	F		372
190 ISHARES VII PLC	BALDELLI SONIA (STUDIO TREVSAN)	13.075	0,023	F		13.075
191 ISHARES VII PLC	BALDELLI SONIA (STUDIO TREVSAN)	9.070	0,016	F		9.070
192 COLLEGE RETIREMENT EQUITIES FUND	BALDELLI SONIA (STUDIO TREVSAN)	9.954	0,018	F		9.954
193 REGIME DE RENTES DU MOUVEMENT DESJARDINS	BALDELLI SONIA (STUDIO TREVSAN)	2.927	0,005	F		2.927
194 THE REGENTS OF THE UNIVERSITY OF CALIFORNIA	BALDELLI SONIA (STUDIO TREVSAN)	2.607	0,005	E		2.607
195 NEW ENGLAND CARPENTERS PENSION FUND	BALDELLI SONIA (STUDIO TREVSAN)	1.323	0,002	F		1.323
196 NEW ENGLAND CARPENTERS GUARANTEED ANNUITY FUND	BALDELLI SONIA (STUDIO TREVSAN)	1.528	0,003	F		1.528
197 EUROPE INVESTMENT FUND	BALDELLI SONIA (STUDIO TREVSAN)	33.134	0,059	F		33.134
198 SAINTGOBAIN CORPORATION DEFINEDBENEFIT MASTER TRUST	BALDELLI SONIA (STUDIO TREVSAN)	7.838	0,014	F		7.838
199 SPDR PORTFOLIO EUROPE ETF	BALDELLI SONIA (STUDIO TREVSAN)	238	0.000	F		238
200 SST GLOB ADV TAX EXEMPT RETIREMENT PLANS	BALDELLI SONIA (STUDIO TREVSAN)	7.832	0,014	F		7.832
201 SSB MSCI EAFE SMALL CAP INDEX SECURITIES LENDING COMMON FND	BALDELLI SONIA (STUDIO TREVSAN)	3.667	0,007	F		3.667
202 LAZARD INTERNATIONAL SMALL CAP EQUITY PORTFOLIO	BALDELLI SONIA (STUDIO TREVSAN)	3.740	0,007	F		3.740
203 TEACHER RETIREMENT SYSTEM OF TEXAS	BALDELLI SONIA (STUDIO TREVSAN) 4 25 -	5.127	0,009	F		5.127
204 THE MONETARY AUTHORITY OF SINGAPORE	BALDELLI SONIA (STUDIO TREVSAN)	267	0,000	F		267
205 PUBLIC AUTHORITY FOR SOCIAL INSURANCE	BALDELLI SONIA (STUDIO TREXSAN)	496	0,001	F		406
206 INTERNATIONAL EQUITY FUND	BALDELLI SONIA (STUDIO TREVŠAN)	1.646	0,003	F		1.646

. PRIVATE

Pag. 6 di 9

1.646

EMARKET
SDIR certified の

207 CIBC PENSION PLAN	BALDELLI SONIA (STUDIO TREVSAN)	36	F 0.000	36
208 ISHARES MSCI EAFE SMALL-CAP ETF	BALDELLI SONIA (STUDIO TREVSAN)	53.694	F 0.096	53.694
209 ISHARES MSCI EUROPE SMALL-CAP ETF	BALDELLI SONIA (STUDIO TREVSAN)	1.134	F 0,002	1.134
210 ISHARES MSCI INTL SMALL-CAP MULTIFACTOR ETF	BALDELLI SONIA (STUDIO TREVSAN)	11.591	0.021 F	11.591
211 ISHARES CORE MSCI EAFE ETF	BALDELLI SONIA (STUDIO TREVSAN)	29.726	0.053 F	29.726
BLACKROCK ASSET MANAGEMENT SCHWEIZ AG ON BEHALF OF ISHARES WORLD 212 EX SWITZERLAND SMALL CAP EQUITY	BALDELLI SONIA (STUDIO TREVSAN)	1.947	F 0,003	1.947
213 UBS LUX FUND SOLUTIONS	BALDELLI SONIA (STUDIO TREVSAN)	62	F 0.000	62
214 UBS LUX FUND SOLUTIONS	BALDELLI SONIA (STUDIO TREVSAN)	2.897	F 0.005	2.897
215 WASHINGTON STATE INVESTMENT BOARD	BALDELLI SONIA (STUDIO TREVSAN)	4.884	F 0.009	4.884
216 WISDOMTREE EUROPE SMALLCAP DIVIDEND FUND	BALDELLI SONIA (STUDIO TREVSAN)	14.760	0.026 F	14.760
217 WISDOMTREE INTERNATIONAL SMALLCAP DIVIDEND FUND	BALDELLI SONIA (STUDIO TREVSAN)	19.231	F 0.034	19.231
218 WISDOMTREE EUROPE HEDGED SMALLCAP EQUITY FUND	BALDELLI SONIA (STUDIO TREVSAN)	953	F 0,002	953
WISDOMTREE DYNAMIC CURRENCY HEDGED INTERNATIONAL SMALLCAP EQUITY 219 FUND	BALDELLI SONIA (STUDIO TREVSAN)	4.187	F 0,008	4.187
220 SST GLOB ADV TAX EXEMPT RETIREMENT PLANS	BALDELLI SONIA (STUDIO TREVSAN)	24.467	0.044 F	24.467
221 VANGUARD FIDUCIARY TRUST COMPANY DEVELOPED MARKETS INDEX TRUST	BALDELLI SONIA (STUDIO TREVSAN)	2.055	F 0.004	2.055
222 VANGUARD TOTAL WORLD STOCK INDEX FUND	BALDELLI SONIA (STUDIO TREVSAN)	9.428	0,017 F	9.428
223 VANGUARD DEVELOPED MARKETS INDEX FUND	BALDELLI SONIA (STUDIO TREVSAN)	110.552	F 0.198	110.552
224 SCHWAB INTERNATIONAL SMALLCAP EQUITY ETF	BALDELLI SONIA (STUDIO TREVSAN)	26.341	F 0,047	26,341
225 INTERNATIONAL PAPER COMPANY COMMINGLED INVESTMENT GROUP TRUST	BALDELLI SONIA (STUDIO TREVSAN)	305	0,001 F	305
226 AMERICAN CENTURY ETF TRUST-AVANTIS INTERNATIONAL EQUITY ETF	BALDELLI SONIA (STUDIO TREVSAN)	2.938	0.005 F	2.938
227 AMERICAN CENTURY ETF TRUST-AVANTIS INTERNATIONAL SMALL CAP VALUE	BALDELLI SONIA (STUDIO TREVSAN)	3.410	F 0.006	3.410
228 AMERICAN CENTURY ETF TRUST-AVANTIS INTERNATIONAL EQUITY FUND	BALDELLI SONIA (STUDIO TREVSAN)	108	0.000 F	108
229 AMERICAN CENTURY ETF TRUST AVANTIS INT SMALL CAP VALUE FUND	BALDELLI SONIA (STUDIO TREVSAN)	1.756	0.003 F	1.756
AMERICAN CENTURY ETF TRUST-AVANTIS RESPONSIBLE INTERNATIONAL EQUITY 230 ETF	BALDELLI SONIA (STUDIO TREVSAN)	136	0.000 F	136
231 AMERICAN CENTURY ETF TRUST-AVANTIS INTERNATIONAL SMALL CAP EQUITY ETF	BALDELLI SONIA (STUDIO TREVSAN)	84	0.000 F	84
232 THE REGENTS OF THE UNIVERSITY OF CALIFORNIA	BALDELLI SONIA (STUDIO TREVSAN)	1.097	0.002 F	1.097
233 THE REGENTS OF THE UNIVERSITY OF CALIFORNIA	BALDELLI SONIA (STUDIO TREVSAN)	9	0.000 F	9
234 THE REGENTS OF THE UNIVERSITY OF CALIFORNIA	BALDELLI SONIA (STUDIO TREVSAN)	13	F 0.000	13
235 TRUST II BRIGHTHOUSEDIMENSIONALINT SMALL COMPANY PORTFOLIO	BALDELLI SONIA (STUDIO TREVSAN)	813	F 0.001	813
236 STATE STREET GLOBAL ALL CAP EQUITY EXUS INDEX PORTFOLIO	BALDELLI SONIA (STUDIO TREVSAN)	2.587	0,005 F	2.587
237 LVIP DIMENSIONAL INTERNATIONAL CORE EQUITY FUND	BALDELLI SONIA (STUDIO TREVSAN)	298	F 0.001	298
238 LAZARD GLOBAL ACTIVE FUNDS PLC	BALDELLI SONIA (STUDIO TREVSAN)	17.567	0.031 F	17.567
239 MGI FUNDS PLC	BALDELLI SONIA (STUDIO TREVSAN)	19.190	F 0,034	19.190
240 MERCER UCITS COMMON CONTRACTUALFUND	BALDELLI SONIA (STUDIO TREVSAN)	1.153	F 0.002	1.153
241 MERCER UCITS COMMON CONTRACTUALFUND	BALDELLI SONIA (STUDIO TREVSAN)	1.141	0.002 F	1.141
242 MERCER QIF FUND PLC	BALDELLI SONIA (STUDIO TREVSAN)	2.948	F 0,005	2.948
243 MERCER QIF COMMON CONTRACTUAL FUND	BALDELLI SONIA (STUDIO TREVSAN)	1.925	0,003 F	1.925
244 MONTANA BOARD OF INVESTMENTS	BALDELLI SONIA (STUDIO TREVSAN)	125	F 0.000	125
245 MARYLAND STATE RETIREMENT PENSION SYSTEM	BALDELLI SONIA (STUDIO TREVSAN)	860	F 0,002	860
246 MARYLAND STATE RETIREMENT PENSION SYSTEM	BALDELLI SONIA (STUDIO TREVSAN)	788	F 0.001	788
247 STATE OF NEW JERSEY COMMON PENSION FUND D	BALDELLI SONIA (STUDIO TREVSAN)	6.781	F 0,012	6.781
248 CITY OF NEW YORK GROUP TRUST	BALDELLI SONIA (STUDIO TREVSAN)	. 2.323	0.004 F	2.323
249 CITY OF NEW YORK GROUP TRUST	BALDELLI SONIA (STUDIO TREVSAN) ?	જુન્દ 12.243	F 0.004	2.243
250 CITY OF NEW YORK GROUP TRUST	BALDELLI SONIA (STUDIO TREVSAN)	1255 Carlo - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	F 0.002	1.255

. PRIVATE

EMARKET
SDIR certified

251 CITY OF NEW YORK GROUP TRUST	BALDELLI SONIA (STUDIO TREVSAN)		6.518	0,012	F		6.51
252 CITY OF NEW YORK GROUP TRUST	BALDELLI SONIA (STUDIO TREVSAN)		977	0,002	E		97
253 CITY OF NEW YORK GROUP TRUST	BALDELLI SONIA (STUDIO TREVSAN)		373	0.00	F		37:
254 CITY OF NEW YORK GROUP TRUST	BALDELLI SONIA (STUDIO TREVSAN)		303	0,00	F		30:
255 THE STATE OF CONNECTICUT, ACTING THROUGH ITS TREASURER	BALDELLI SONIA (STUDIO TREVSAN)		2.139	0,004	F		2.139
256 SSGA SPDR ETFS EUROPE II PUBLICLIMITED COMPANY	BALDELLI SONIA (STUDIO TREVSAN)		521	0.001	F		52
257 SSGA SPDR ETFS EUROPE II PUBLICLIMITED COMPANY	BALDELLI SONIA (STUDIO TREVSAN)		1.508	0,003	F		1.508
258 CALIFORNIA STATE TEACHERS' RETIREMENT SYSTEM	BALDELLI SONIA (STUDIO TREVSAN)		8.568	0.015	F		8.568
259 CALIFORNIA STATE TEACHERS' RETIREMENT SYSTEM	BALDELLI SONIA (STUDIO TREVSAN)		3.413	0.006	F		3.413
260 VANGUARD FTSE DEVELOPED EUROPE ALL CAP INDEX ETF	BALDELLI SONIA (STUDIO TREVSAN)		161	0,000	E		16
261 VANGUARD FTSE DEVELOPED ALL CAPEX NORTH AMERICA INDEX ETF	BALDELLI SONIA (STUDIO TREVSAN)		1.754	0.003	F		1.75
262 HPANDP GLOBAL EQUITY	BALDELLI SONIA (STUDIO TREVSAN)		3.210	0.006	E		3.210
263 UNIVERSAL-INVESTMENT-GESELLSCHAFT MBH ON BEHALF OF BAYVK A3-FONDS	BALDELLI SONIA (STUDIO TREVSAN)		138.474	0.248	C		138.474
264 UNIVERSAL-INVESTMENT-GESELLSCHAFT MBH ON BEHALF OF BAYVK A1-FONDS	BALDELLI SONIA (STUDIO TREVSAN)		17.578	0.032	C		17.578
265 QUONIAM FUNDS SELECTION SICAV - EUROPEAN EQUITIES	BALDELLI SONIA (STUDIO TREVSAN)		3.135	0.006	C		3.135
266 CITY OF PHILADELPHIA PUBLIC EMPLOYEES RETIREMENT SYSTEM.	BALDELLI SONIA (STUDIO TREVSAN)		763	0.001	C		763
267 MI FONDS K10	BALDELLI SONIA (STUDIO TREVSAN)		3.96	0,007	C		3.96
268 VINCENZI TOMMASO	LEONARDO MUSUMECI		94.758	0,170	F		94.758
269 HOLDING HAPPY LIFE SRL	LEONARDO MUSUMECI		180.640	0.324	F		180.640
270 HOLDING HAPPY LIFE SRL - VOTO MAGGIORATO	LEONARDO MUSUMECI		41.338.256	74.104	F		20.669.128
271 BRUZZESE ATTILIO	IVAN ROSARIO CUTRUFELLO		1.212	0,002	F		1.212
272 ROSSI FERRUCCIO	SIMONE BRUCKNER		382.755	0,686	F		382.755
273 DEMARIA CARLA	EDOARDO MISCIOSCIA		356.056	0,638	F		356.056
274 LUCHI FIDUCIARIA SPA	LEONARDO MUSUMECI		8.000	0,014	E		8.000
275 LUCHI FIDUCIARIA SPA MF 689	LEONARDO MUSUMECI		306.337	0,549	F		306,337
276 LUCHI FIDUCIARIA SPA POS. 37	LEONARDO MUSUMECI		15.000	0,027	F		15.000
277 LUCHI FIDUCIARIA SPA POS. 609	EONARDO MUSUMECI		75.000	0,134	F		75.000
278 BALDERI FRANCESCO		610		0.001	F	610

VOTI

% SUI PRESENTI

. PRIVATE

FAVOREVOLI CONTRARI ASTENUTI NON VOTANTI

TOTALE VOTI

50.633.910

50.469.999

163.911 O

0

99,676%

0,324%

0,000%

0,000%

EMARKET
SDIR certified

EMARKET SDIR
CERTIFIED

Comunicazione n.
ore:	11:10

SANLORENZO S.P.A.

Assemblea ordinaria dei soci del 12 dicembre 2023

COMUNICAZIONE DEL PRESIDENTE ALL'ASSEMBLEA

Sono presenti n.	218	aventi diritto partecipanti all'Assemblea, in proprio o per
delega, per complessive n. 29.964.782		azıonı.
regolarmente depositate, che rappresentano il		85,743	% di n.	34.947.124
azioni costituenti il capitale sociale per complessivi n.			50.633.910 voti
che rappresentano il	90,767	% di n.	55.784.252 voti.

Persone partecipanti all'assemblea:

7

SANLORENZO S.P.A.

Assemblea ordinaria del 12 dicembre 2023

EMARKET SDIR certifie

Punto 1 ordinaria - Autorizzazione all'acquisto e disposizione di azioni proprie, ai sensi del combinato disposto degli

articoli 2357 e 2357-ter del codice civile, nonché dell'articolo 132 del D. Lgs. 24 febbraio 1998, n. રક

e relative disposizioni di attuazione. Deliberazioni inerenti e conseguenti.

RISULTATO DELLA VOTAZIONE

100,000%

50.633.910

Voti rappresentati in Assemblea

	n. voti	% voti rappresentati in assemblea	% del capitale sociale con diritto di voto
Favorevoli	50.469.999	99,676%	90,474%
Contrari	163.911	0,324%	0,294%
Astenuti	0	0,000%	0,000%
Non Votanti	0	0,000%	0,000%
Totale	50.633.910	100,000%	90,767%