The Italian Sea Group

Board/Management Information • Jun 9, 2024

Informazione Regolamentata n. 2378-31-2024	Data/Ora Inizio Diffusione 9 Giugno 2024 19:38:55		Euronext Milan
Societa'	:	THE ITALIAN SEA GROUP
Identificativo Informazione Regolamentata	:	191970
Utenza - Referente	:	ITALIANSEAGROUPN05 - Carniani
Tipologia	:	3.1
Data/Ora Ricezione	:	9 Giugno 2024 19:38:55
Data/Ora Inizio Diffusione		9 Giugno 2024 19:38:55
Oggetto	:	The Board of Directors Appoints Simona Del Re as Member and Chairwoman of the Board of Directors
Testo del comunicato

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PRESS RELEASE

THE ITALIAN SEA GROUP S.P.A. THE BOARD OF DIRECTORS APPOINTS SIMONA DEL RE AS MEMBER AND CHAIRWOMAN OF THE BOARD OF DIRECTORS

Marina di Carrara, Carrara, June 9th, 2024 – The Italian Sea Group S.p.A. ("TISG" or the "Company"), global player in luxury yachting with brands Admiral, Tecnomar, Perini Navi, Picchiotti, NCA Refit, and Celi 1920, announces that, following the resignation from office by Mr. Filippo Menchelli – notified on 7 June 2024 – and the unavailability to hold the office by Mr. Massimo Bianchi, the Board of Directors, in today's meeting, resolved to co-opt in the Board of Directors, pursuant to Article 2836 of the Italian Civil Code, Ms Simona Del Re, appointing her as Chairwoman of the Company until the next Shareholders' Meeting.

A professional with an international profile, Ms Del Re boasts twenty years of experience in luxury across several industries - from fashion to luxury retail and yachting – having held managerial positions of growing responsibility with prestigious global brands.

With a degree in Business Administration from Bocconi University in Milan, Simona Del Re has held, among others, the role as Worldwide Corporate Communications Manager at Gucci and, successively, the role as Strategic Communications Director at The Lane Crawford Joyce Group, Asian leader in luxury retail based in Hong Kong. Having joined TISG in 2022, Simona Del Re has established and led the ESG & Corporate Affairs department, and then she took on the responsibility of Corporate Governance and Investor Relations. Ms Del Re currently holds the role of Investor Relations & ESG Director.

Considering her international profile, sound background in the luxury industry working for structured companies, and the experience gained on Corporate Affairs and Governance matters, the Board of Directors considered Ms Del Re to be the ideal candidate for the office of member and Chairwoman of the Board of Directors.

Mr. Menchelli will maintain his role as the Company's Chief Business Officer, with an even higher focus on the strategic and technical activities that he has been managing until now and which, in light of the significant growth experienced by the group in the latest years, will require an even higher level of dedication.

The Chief Executive Officer and the Company's entire Board of Directors sincerely thank Mr. Filippo Menchelli for the successful activities carried out in his role as member and

Chairman of the Board of Directors and wish him and Ms Del Re the highest achievements in their respective roles.

This press release is available in the Investor section of the website: https://investor.theitalianseagroup.com/en/press-releases/

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This document is an English courtesy translation from Italian. The Italian original shall prevail in case of difference in interpretation and/or factual errors.

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The Italian Sea Group is a global operator in luxury yachting, listed on Euronext Milan ("EXM") and active in the construction and refit of motor yachts and sailing yachts up to 140 metres. The Company, led by Italian entrepreneur Giovanni Costantino, operates on the market with the brands Admiral, renown for elegant and prestigious yachts, Tecnomar, known for its sporty features, cutting-edge design and high performance, Perini Navi, excellence in the design and construction of large sailing yachts, and Picchiotti, historical brand in the Italian yachting industry featuring classic and elegant lines. The Company also has a business unit named NCA Refit that manages the maintenance and refit services for yachts over 60 metres. In line with its strategic positioning, The Italian Sea Group has partnered with important Italian luxury brands: Giorgio Armani – to develop yachts penned by the designer, highlighting the merger of two excellence Ambassadors of Italian style in fashion and yachting – and Automobili Lamborghini – to design and produce "Tecnomar for Lamborghini 63", a limitededition motor yacht featuring extraordinary performances and quality beyond limits. According to the Global Order Book 2024, international ranking by Boat International, The Italian Sea Group is the first Italian superyacht builder for yachts over 50 metres.

For more information: Image Building Tel. +39 02 89011300 / +39 06 68392100 E-mail: theitalianseagroup@imagebuilding.it

Investor Relations The Italian Sea Group Tel. +39 0585 5062 E-mail: investor.relations@theitalianseagroup.com