Announcement under art. 17 of Euronext Growth Milan Rules

Milan, 7 April, 2023Growens S.p.A. – GROW (the “Company” or the “Issuer” or “Growens”), a company admitted to trading on the multilateral trading facility Euronext Growth Milan and operating in the cloud marketing technology field, has announced today that on 4 April they were notified that BMC Holing B.V. (“BMC” – or the company owned by Datatrics’ sellers which owns a share of 6.6% in the Company’s capital following 2018 acquisition and 2022 amendments) reduced their stake under the relevant threshold of 5% according to article 17 of Euronext Growth Milan Issuers Regulations and article 15 of the ByLaws, owning n. 769,056 GROW shares, equal to 4.996% of the share capital.

The number of shares owned by BMC currently under lock-up is 710,017, or 4.6% of the share capital.

As per the above, estimated free float amounts to ca. 36.4%.

Growens’ capital structure is now as per the below:

Shareholder

              NoS

       %

Gorni Nazzareno

1,607,355

10.442%

Miscia Alberto

1,606,054

10.433%

Monfredini Matteo

1,592,884

10.348%

Azzali Luca

1,546,212

10.045%

Bettoni Matteo

1,510,300

9.811%

Gianluca Pronti (also via Zoidberg S.r.l.)

912,766

5.930%

BMC Holding B.V.*

769,056

4.996%

CL Selling Shareholders

188,822

1.227%

Treasury Shares

62,583

0.407%

Free Float

5,389,884

36.362%

Total

15,393,343

100.000%

* o/w 710,017 subject to lock-up

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