Giglio S p A : 26/01/2022 - APPOINTMENT BY CO-OPTION OF A NEW MEMBER OF THE BOARD OF DIRECTORS

APPOINTMENT BY CO-OPTION OF A NEW MEMBER OF THE BOARD OF DIRECTORS

Milan, January 26, 2022 - The Board of Directors of Giglio Group S.p.A. ("Giglio Group" or the "Company"), an e-commerce 4.0 company listed on the STAR-Euronext Milan segment of Borsa Italiana S.p.A. (Ticker GG), which met today, having acquired the assessments of the Appointments and Remuneration Committee and with the approval of the Board of Statutory Auditors in accordance with the provisions of art. 2386 of the Italian Civil Code, appointed by co-optation, pursuant to art. 20 of the current Articles of Association, Dr. Carlo Micchi, as new not executive and not indipendent director, who will remain in office until the next Shareholders' Meeting.

The appointment took place following the resignation with immediate effect, received on january14, 2022 by the executive director Dr. Marco Riccardo Belloni. For Dr. Micchi is a return to the Giglio Group having already held various roles in the Company, including CFO and Financial Reporting Officer; to the latter, the Board of Directors renews its confidence in contributing, together with the other directors, to the growth and further development of the Group.

Dr. Micchi, in accordance with the statutory provisions and in the absence of available non-elected candidates from the only list to which Dr. Marco Riccardo Belloni - filed by the shareholder Meridiana Holding S.r.l. for the purposes of the election of the members of the Board of Directors at the Shareholders' Meeting of 21 June 2021 - was co-opted according to the ordinary provisions of the law.

The Board of Directors, in the same session, ascertained the existence of all the requirements prescribed by the applicable legislation, by the Company's bylaws and by the Corporate Governance Code for the assumption of the office. The full text of the new director's curriculum vitae is available to Shareholders at the registered office and on the Company's website at www.giglio.org/Governance.

Based on the communications made to the Company and the public, Dr. Carlo Micchi does not hold, as of January 26, 2022, directly and / or indirectly any shares of the Company.

Carlo Micchi, Curriculum Vitae:

Carlo Micchi, born in 1956 and graduated in Business and Economics at Rome's University, is a registered chartered accountant, as well as a member of the Italian Registry of Legal Auditors; moreover, he acts as a member of the Board of Statutory Auditors of several industrial companies, for which he also acted as director and

liquidator, and is also as expert of businesses in distress. Over the period 2019-2021, he acted as CFO and Financial Reporting Officer for Giglio Group S.p.A..

Information on Giglio Group:

Founded by Alessandro Giglio in 2003 and listed on the STAR segment of Borsa Italiana ever since 2018, Giglio Group is the leading company for the design, creation and management of high value-addede-commerce platforms in Italy for Fashion, Design, Lifestyle and, more recently, Food and Healthcare sectors. The Company is based in Milan, but it is also present with offices in New York, Rome, Lugano and Genoa. Thanks to its remarkable expertise, Giglio Group accompanies its customers in the online distribution of their products through a unique platform, starting from the implementation of fully tailor-made and managed monobrand e-store. Moreover, the Company integrates its business with the dedicated placement on main marketplaces worldwide, ensuring the online management of both new collections and inventories stock.. The uniqueness of a "complete-supply-chain" online service thus ensures a 100% sell-through rate.

For further information:

Investor Relator, Elena Gallo: [e-mail];[e-mail]([phone]