Intred S p A : Ordinary shareholders' meeting of INTRED S.p.A.

Press Release

ORDINARY SHAREHOLDERS' MEETING OF INTRED S.P.A.

• Financial statements of Intred S.p.A. as at 31 December 2022 approved
• Dividend distribution of € 0.07 per share approved

Brescia, 27 April 2023 - Intred S.p.A. ("Intred" or the "Company"), a telecommunications operator listed on the EGM market of Borsa Italiana (ITD.MI) since July 2018, announces that the Ordinary Shareholders' Meeting met today in a single call.

The Ordinary Shareholders' Meeting approved the financial statements for 2022 with a value of production of Euro 46.1 million (+11.7% YoY), sales revenue of Euro 45.5 million (+12.8% YoY), EBITDA of Euro 19.9 million (+12.6% YoY) with an EBITDA margin of 43.1% and operating profit (EBIT) of Euro 12.2 million (+3.1% YoY) with an EBIT margin of 26.4%. Net Profit for 2022 amounted to Euro 8.7 million (+0.6% YoY). Finally, net debt stood at € 11.5 million.

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The Shareholders' Meeting approved the allocation of Intred S.p.A.'s 2022 profit of €

8,674,619 as follows:

• Euro 433,731 to the legal reserve;
• Euro 7,130,317 to the extraordinary reserve;
• Euro 1,110,571 to the dividend distribution.
  The ordinary dividend, gross of withholding taxes, is € 0.07 per share, for a total amount of € 1,110,571, with ex-dividend date on 8 May 2023, record date on 9 May 2023 and payment date on 10 May 2023.

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Please note that this year's Shareholders' Meeting too was attended by qualified institutional investors, such as Government of Norway, Allianz Institutional Investorsseries, INV AG TGV, Lupus Alpha, Herald Investment Trust, Amundi, Algebris, Azimut, Montanaro and Arca, which testifies to the diversity of the shareholder base and their diverse provenance.

It should be noted that the voting report listing the number of shares represented at the Shareholders' Meeting and the shares for which votes were cast, the percentage of capital that these shares represented, as well as the number of votes in favour and against the resolutions and the number of abstentions, and the minutes of the Ordinary Shareholders' Meeting, will be made available to the public in accordance with the procedures and timeframes provided for by the regulations in force and will be available in the Governance section of the website www.intred.it.

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This press release is online at www.1info.itand on the Issuer's website www.intred.it(Investors / Price Sensitive Press Releases section).

Intred

Reference telecommunications operator in Lombardy founded in 1996 by Daniele Peli, the company's current Chairman and CEO, and listed on the Italian Stock Exchange EGM market since 2018 (symbol: ITD.MI). With an optical fiber network about 9,500 km, Intred provides business, PA and retail customers with broadband and ultra- broadband connectivity, fixed access wireless, landline telephone services, cloud services and related services. The direct management of the infrastructures allow efficiency, profitability, quality of service and a guaranteed and extremely high level of assistance. Its high-value assets and consolidated, highly scalable business model, combined with a turnover of € 45.5 million as at 31 December 2022, make Intred an ideal infrastructure technology partner with a full range of high-quality, reliable and secure solutions. www.intred.it

Euronext Growth Advisor	Investor Relation Advisor
Banca Profilo S.p.A.	CDR Communication
[phone]	Vincenza Colucci
[e-mail]	Tel. [phone]
	[e-mail]
Specialist
Integrae SIM S.p.A.	Claudia Gabriella Messina
[phone]	Tel. [phone]
[e-mail]	[e-mail]

Investor Relation Intred	Media Relation
CFO & Investor Relations Officer	CDR Communication
Filippo Leone	Angelo Brunello
Tel. [phone]	Tel. [phone]
[e-mail]	[e-mail]

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