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immsi structure

1) Company data as at June 30th, 2023; net of treasury shares owned by Piaggio & C. S.p.A.
2) Stake in RCN Finanziaria S.p.A., net of treasury shares owned by RCN Finanziaria S.p.A., in its turn owning a 100% stake in Intermarine S.p.A.
3) Stake owned through ISM Investimenti S.p.A. (72.64% participated by Immsi S.p.A.) in its turn owning a 92.59% stake in Is Molas S.p.A. at June 30th, 2023
4) Corresponding to 279,639 shares; source: Company data as at June 30th, 2023