Loss of "SME" status pursuant to article 1, paragraph 1, letter w-quater.1) of the Consolidated Law on Finance

Rai Way S.p.A. (hereinafter the "Company") hereby announces - pursuant to Article 2-ter of the Regulations adopted by Consob with Resolution No. 11971 of 14 May 1999 ("Issuers' Regulations") - it has lost the "SME" (Small-Medium Enterprise) status as defined by Article 1, paragraph 1, letter w-quater.1) of Legislative Decree No. 58 of 24 February 1998 ("TUF").

This following the expiry, with December 31, 2022, of the transitional period provided for by Article 44-bis, paragraph 2, of Decree Law No. 76 of 16 July 2020, i.e., the two fiscal years following 2020.

It is recalled that the loss of SME status by the Company entails, in particular, the applicability of a new threshold for the purposes of disclosure obligations of material shareholdings pursuant to Article 120 TUF, set at 3% of the share capital. Therefore, shareholders who, as of the date of this press release, hold a stake above 3% and below 5% of the Company's share capital shall notify Consob and the Company in accordance with and under the terms of Articles 117, paragraph 2-bis, and 121, paragraph 3-bis, of the Issuers' Regulations.