Avio S p A : SHARE BUYBACK REPORT

SHARE BUYBACK REPORT FOR THE PERIOD 6 JANUARY - 10 JANUARY 2020

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Colleferro (Rome), 10 January 2020. Avio S.p.A. ("Avio") announces the purchase on the MTA (STAR segment), through the authorized independent intermediary Equita Sim S.p.A., in the period from 3 January to 10 January 2020, of no. 10,000 ordinary shares (equal to 0.038% of the share capital) at an average unit price of Euro 13.8807 for a total amount of Euro 138,807.20.

These transactions were made under the authorization to purchase own shares approved by the Shareholders' Meeting on 29 April 2019 (previously disclosed pursuant also to art. 144 bis of Consob Regulation 11971/99, to art. 5 of Regulation (EU) 596/2014 and to art. 132 of Legislative Decree 58/98) and in compliance with the decision of the Board of Directors to assign the mandate to an independentoperator to start up the purchase operations(as for the Press Release dated August 2, 2019).

The following table details the purchases made per day in the above period of Avio S.p.A. ordinary shares, ISIN IT0005119810:

Date	Nr. shares	Average price (Euro)	Amount (Euro)
06/01/2020	2.000	13.6675	27,335.00
07/01/2020	2.000	13.8261	27,652.20
08/01/2020	2.000	13.8200	27,640.00
09/01/2020	2.000	14.0425	28,085.00
10/01/2020	2.000	14.0475	28,095.00

Following the purchases made so far, Avio S.p.A. holds no. 230,500 own shares, equal to 0.874% of the share capital.

Purchases in detail:

Date	Time	Nr. Shares	Price (euro)
06/01/2020	09.36.50	250	13.44
06/01/2020	13.05.55	250	13.6
06/01/2020	15.10.29	200	13.68
06/01/2020	15.10.29	200	13.68
06/01/2020	15.10.29	100	13.68
06/01/2020	15.10.40	200	13.68
06/01/2020	15.10.40	50	13.68
06/01/2020	15.10.54	250	13.68

	06/01/2020		16.41.19		190		13.78
	06/01/2020		16.41.19		48		13.78
	06/01/2020		16.41.19		12		13.78
	06/01/2020		17.11.23		51		13.8
	06/01/2020		17.11.23		47		13.8
	06/01/2020		17.11.23		47		13.8
	06/01/2020		17.11.23		105		13.8
	07/01/2020		09.37.18		250		13.82
	07/01/2020		10.23.04		249		13.92
	07/01/2020		10.23.04		1		13.92
	07/01/2020		11.55.15		11		13.8
	07/01/2020		11.58.18		17		13.8
	07/01/2020		13.12.45		472		13.9
	07/01/2020		14.13.54		250		13.88
	07/01/2020		15.23.56		102		13.82
	07/01/2020		15.23.56		148		13.82
	07/01/2020		16.48.44		66		13.7
	07/01/2020		16.48.44		8		13.7
	07/01/2020		16.48.44		110		13.7
	07/01/2020		16.48.44		40		13.7
	07/01/2020		16.48.44		26		13.7
	07/01/2020		17.13.53		226		13.68
	07/01/2020		17.13.53		24		13.68
	08/01/2020		09.35.43		250		13.7
	08/01/2020		11.24.06		227		13.84
	08/01/2020		11.24.06		23		13.84
	08/01/2020		12.31.43		141		13.92
	08/01/2020		12.31.43		109		13.92
	08/01/2020		12.32.00		52		13.92
	08/01/2020		12.32.04		198		13.92
	08/01/2020		15.02.02		250		13.78
	08/01/2020		17.06.02		223		13.8
	08/01/2020		17.06.02		162		13.8
	08/01/2020		17.06.02		115		13.8
	08/01/2020		17.06.34		250		13.8
	09/01/2020		09.05.16		64		13.82
	09/01/2020		09.05.16		32		13.82
	09/01/2020		09.05.16		34		13.82
	09/01/2020		09.05.16		120		13.82
	09/01/2020		11.52.48		19		14.1
	09/01/2020		11.52.48		231		14.1
	09/01/2020		11.54.38		160		14.12
	09/01/2020		11.54.38		90		14.12

	09/01/2020		12.38.42		110		14.08
	09/01/2020		12.38.42		67		14.08
	09/01/2020		12.38.42		73		14.08
	09/01/2020		15.34.44		250		14.02
	09/01/2020		15.34.54		250		14.02
	09/01/2020		16.49.02		250		14.08
	09/01/2020		17.13.21		100		14.1
	09/01/2020		17.13.21		60		14.1
	09/01/2020		17.13.21		90		14.1
	10/01/2020		09.05.15		250		14.14
	10/01/2020		09.47.21		250		14
	10/01/2020		11.17.06		185		13.98
	10/01/2020		11.17.06		65		13.98
	10/01/2020		11.17.14		141		13.94
	10/01/2020		11.17.14		109		13.94
	10/01/2020		14.23.12		151		14.06
	10/01/2020		14.23.12		99		14.06
	10/01/2020		14.38.28		250		14.06
	10/01/2020		15.36.06		250		14.06
	10/01/2020		17.18.28		250		14.14

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Avio

Avio is a leading internationalgroup operating in the manufacturing and development of space launchers and propulsion systems. The experience and knowhow built up over more than 50 years puts Avio at the cutting edge of the space launcher sector, solid, liquid and cryogenic propulsion and tactical propulsion. Avio operates 5 industrial facilities in Italy, France and France Guyana, employing approx. 1,000 highly-qualified personnel, of which approx. 30% involvedin research and development.Avio is a prime contractor for the Vega programmeand

1. sub-contractorfor the Ariane programme, both funded by the European Space Agency
   ("ESA"), placing Italy among the limited number of countries capable of producing a complete spacecraft.