Shareholding Structure
According to the communications received pursuant to applicable legislation and based on the other information available, as well as the information on the CONSOB website, the entities that, as at 8 January 2025, directly and/or indirectly hold ordinary shares accounting for more than 3% of the voting rights in the Issuer’s share capital, and that do not fall under the cases of exemption provided for by Article 119-bis of the Issuers' Regulation, are as follows:
| SHAREHOLDER | % OF CAPITAL |
| MEF - MINISTERO DELL’ECONOMIA E DELLE FINANZE | 11.731% |
| DELFIN SARL | 9.780% |
| GRUPPO FRANCESCO GAETANO CALTAGIRONE* | 5.026% |
| BANCO BPM SPA | 5.003% |
| ANIMA HOLDING SPA | 3.992% |
| OTHER SHAREHOLDERS | 64.468% |
* Shareholdings held through Ausonia S.r.l., Esperia 15 S.r.l., MK 87 S.r.l., Istituto Finanziario 2012 S.p.A., Gamma S.r.l., Azufin S.p.A., VM 2006 S.r.l., Mantegna 87 S.r.l., Calt 2004 S.r.l., Finanziaria Italia 2005 S.p.A..