MASI Shareholders' Meeting: 2022 Financial Statements and dividend distribution approved

APPOINTED A PREVIOUSLY CO-OPTED DIRECTOR

The Ordinary Shareholders' Meeting of Masi Agricola SpA (also "the Company") was held today - a company listed on Euronext Growth Milan and one of the Italian leaders in the production of premium wines - which approved the Company's financial statements for the year closed on 31 December 2022, as resolved by the Board of Directors on 10 March 2023 and already disclosed to the market in accordance with the law.

The Shareholders' Meeting also approved the distribution of an ordinary unit dividend, gross of applicable legal withholdings, equal to 0.06 euro per share (representative of a dividend yield of 1.4% at the price of 20 April 2023), for a total 1,929,069.36 equal to approximately 49% of the net profit for the year ended 31 December 2022 resulting from the individual financial statements of the Company. The coupon detachment will take place on 19 June 2023 (record date 20 June 2023) and will be paid starting from 21 June 2023.

The proposal was also approved to allocate the remaining part of the profit for the year: a) for Euro 198,331 to the legal reserve; b) 1,839,215.64 euros for retained earnings. Lastly, the “Valuation reserve for exchange gains and losses” amounting to Euro 14,337 was made distributable.

The Shareholders' Meeting also resolved to appoint Arianna Roberta Alessi as director of the Company, previously appointed by co-optation by the Board of Directors on 31 March 2023, until the expiry of the other directors currently in office and therefore until the date of the Shareholders' Meeting convened for the approval of the financial statements as at 31 December 2023.

The individual financial statements of the Company and the consolidated financial statements for the year ended 31 December 2022, together with the Reports of the Independent Auditors and the Board of Statutory Auditors, are available to the public at the registered office and on the website www.masi.it, in the "investor relations/financial statements" section. The minutes of the Shareholders' Meeting will be made available to the public in accordance with the law.