Resignation of Board of Directors

Fiera Milano S.p.A. announces that, during today’s meeting of the Board of Directors

- acknowledging that the Company’s Board of Directors, since the date of its appointment, has made the utmost effective efforts, both before and since the issue of the provisions relating to the currently ongoing procedures of Legal Administration no. 34 and 58/2016, towards a significant improvement in the governance of the Company and to implement numerous measures to ensure the best possible execution of these provisions;

- agreeing that, given the current and complex situation facing the Company following the adoption of the aforementioned provisions, it would be appropriate to implement a further interruption in continuity and, simultaneously, move towards a conclusion of the ongoing Legal Administration procedures as soon as possible;

- also agreeing that having given considerable consideration exclusively with regard to the Company’s interests, the Directors consider that the best solution is that of introducing the post of Director of Administration in order to allow the appointment of a new Board of Directors;

- recognising that the 2016 financial year has just ended and that it is the specific duty of the Directors to comply with its obligations to prepare the company and consolidated financial reports for the period and to present the financial statements for approval at the meeting of shareholders that must be convened in accordance with the law;

the Chairman Roberto Rettani, the Directors Joyce Victoria Bigio, Renato Borghi, Pier Andrea Chevallard, Attilio Fontana, Licia Ronzulli and Vincenza Patrizia Rutigliano (Romeo Robiglio being absent with good cause) submitted their resignations from their respective offices resulting in the dissolution of the Board of Directors effective from the date set for the shareholders’ meeting thus convened. Pursuant to Article 14.2 of the Company’s Articles of Association, the agenda set for the said shareholders’ meeting will therefore include the appointment of a new administrative body.