TESMEC S.P.A.: IL GRUPPO TESMEC SI AGGIUDICA IL TERZO LOTTO DELLA GARA DI RFI PER LA FORNITURA E FULL MAINTENANCE SERVICE DI AUTOCARRELLI PER LA DIAGNOSTICA TERRITORIALE SU PIAZZALI, NODI ED INTERCONNESSIONI.

TESMEC S.P.A .: COMPLETED THE RIGHTS ISSUE OFFER RELATING TO THE TESMEC S.P.A. CAPITAL INCREASE - 97.14% OF THE TOTAL SHARES OFFERED HAVE BEEN SUBSCRIBED, FOR A TOTAL AMOUNT OF ABOUT EURO 34.0 MILLION - THE NOT EXERCISED RIGHTS ISSUE WILL BE OFFERED ON THE MTA STARTING FROM 14 DECEMBER 2020

TESMEC GROUP HAS BEEN AWARDED A 15 MILLION EURO CONTRACT WITH TERNA RETE ITALIA, CONSOLIDATING ITS STRATEGIC POSITIONING IN THE SECTOR OF ADVANCED TECHNOLOGIES FOR THE ENERGY AUTOMATION

Tesmec S.p.A.: Preliminary consolidated financial results of the first nine months of 2020 which recorded revenues in the third quarter in line with the performance of the previous year, a growing margin and an improvement in Net financial indebtedness. Commitment of the majority shareholder to subscribe the not exercised option rights up to Euro 5 million in addition to the commitment already taken to subscribe its own share of the capital increase for around Euro 17 million, for a total max value of about Euro 22 million.

TESMEC S.P.A.: THE BOARD OF DIRECTORS APPROVED THE 2020-2023 BUSINESS PLAN GUIDELINES AND THE AMOUNT OF THE SHARE CAPITAL INCREASE WITH RIGHTS ISSUE THE BUSINESS PLAN ENVISAGES CONSOLIDATING THE GROUP POSITION AS A SOLUTION PROVIDER IN THE 3 BUSINESSES (TRENCHER, ENERGY AND RAIL), THANKS TO THE INVESTMENTS MADE OVER THE PAST FEW YEARS, LEVERAGING ON THE CURRENT TRENDS IN ENERGY TRANSITION, DIGITALISATION AND SUSTAINABILITY IN 2023 THE BUSINESS PLAN, FULLY SELF-FINANCED, ENVISAGES APPROX. 40% GROWTH IN REVENUES COMPARED TO 2019 PRO-FORMA WITH A SHARP INCREASE IN PROFITABILITY, THANKS TO THE CONTRIBUTION OF ALL BUSINESSES. FURTHERMORE, A SIGNIFICANT CASH FLOW GENERATION AND A DECREASE IN THE NET FINANCIAL POSITION ARE EXPECTED