Iervolino Entertainment S.p.A. (“Iervolino Entertainment” or the “Company”), a company engaged in the production of cinematographic, web and television content for the international market and listed on the AIM Italia stock exchange, announces that today the Shareholders’ Meeting resolved to: (i) Change the company name to “Iervolino & Lady Bacardi Entertainment S.p.A.”, with the acronym “ILBE S.p.A.” (ii) Update the Company’s by-laws to comply with the new regulatory provisions of AIM Italia.

The company will promptly notify the date of the change of the company’s name, which will be effective upon registration of the shareholders’ resolution with the Italian Business Register.

Andrea Iervolino, president of Iervolino Entertainment, stated: “Today a new phase of growth begins for our company, driven by an increasing attention to foreign markets.

It is in this context that the choice to give us a new company name was made, adding the name of Lady Monika Bacardi, an internationally important name: a female entrepreneur, our largest shareholder and producer of all our projects, who has always strongly believed in our Company”.

This press release is available on the company’s website (www.iervolinoentertainment.it) in the Investor Relations section under Press Releases.

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