COIMA RES announces that the Board of Directors of the Company, which met today, confirmed Manfredi Catella as Chief Executive Officer.

Based on the declarations made by the Directors and the information available to the Company, the Board of Directors positively assessed the possession of the independence requirements provided for by the law and the new Corporate Governance Code, by the directors Olivier Elamine, Luciano Gabriel, Alessandra Stabilini, Ariela Caglio, Antonella Centra and Paola Bruno.

The Board of Statutory Auditors verified the correct application of the assessment criteria and procedures adopted by the Board to assess the independence of its members.

The Board also confirmed Feras Abdulaziz Al-Naama as Vice President of the Board of Directors.

Following the evaluations carried out, the Board also reconstituted the following already established Committees:

• Control and Risk Committee, in the persons of the directors Alessandra Stabilini, as Chairman, Luciano Gabriel and Paola Bruno, all non-executive and independent. The Committee will act also as Related Party Committee;
• Remuneration Committee, in the persons of directors Alessandra Stabilini, as Chairman, Caio Massimo Capuano and Olivier Elamine, all non-executive. The directors Alessandra Stabilini and Olivier Elamine are also in possession of the requirements of independence; and
• Investment Committee, a body partially composed of Board members (endoconsiliare) made up of CEO Manfredi Catella, by independent directors Luciano Gabriel (as Chairman) and Ariela Caglio, by key managers Gabriele Bonfiglioli and Matteo Ravà, and Michel Vauclair (the latter confirmed as a component of the Investment Committee as external member having already been a member of the Board of Directors of the Company).

Finally, the Board has appointed the members of the Supervisory Body, in the persons of the Standing Auditor Marco Lori, as Chairman, of Mr. Michele Giordano and of the lawyer Mario Ippolito.

The curricula of the Directors and members of the Board of Statutory Auditors are available on the Company's website www.coimares.com in the Governance section.