Rome, November 29, 2023 – ILBE (Iervolino and Lady Bacardi Entertainment) – a company active in the production of film and television content (Euronext Growth Milan – IT0005380602 – IE and Euronext Growth Paris – IT0005380602 – ALIE), announces that the Board of Directos approved a paid capital increase – to be exercised within the scope of the authority granted by the Extraordinary Shareholders’ Meeting of ILBE to the Board of Directors pursuant to Article 2443 of the Civil Code on April 10, 2020 and supplemented on September 23, 2020 – reserved for Mr. Gian Luca Voulaz, to be paid in kind, through the contribution of a 24% stake in the share capital of SoBe Sport S.r.l. (“SoBe Sport”) in the amount of €600,000.00 (six hundred thousand/00), including share premium (the “Capital Increase”).

As already comunicated on November 10, 2023, the Capital Increase is part of the transaction to acquire the remaining 40% of SoBe Sport
(the “Residual Shareholding”) in execution of an investment agreement signed on February 14, 2022 and communicated on the same date (the “Investment Agreement”), pursuant to which ILBE has already become the owner of a 60% stake in SoBe Sport.

According to the Investment Agreement, today has been finalized the cash purchase of share of a nominal €4,800.00, representing 16% of
the share capital of SoBe Sport, acquired for a cash consideration from ILBE to Mr. Gian Luca Voulaz equal to €400,000.00 (four hundred thousand/00).

It should also be noted that, pursuant to Article 2343, paragraph 4, of the Civil Code, the contribution of the 24% stake in the share capital of SoBe Sport will take effect thirty days after the registration in the Companiey Registration Report of the resolution to increase the capital. This resolution already includes statements by the directors, as required by Article 2343-quater, paragraph 3, letters a), b), c), and e), of the Civil Code.

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