Indel B S p A : Buy back

Press release

Notification share buy-back

Sant'Agata Feltria (Rimini), 27 January 2022 - Indel B S.p.A. - a company listed on the Borsa Italiana EXM and parent of a group that operates in the manufacture of cooling systems and air-conditioning for mobile and mobile living for the automotive, hospitality and leisure time markets (pleasure boats and recreational vehicles) - under the buyback program of treasury shares announced to the market on May 21, 2021 and approved by the Board of Directors on June 18, 2021 up to n. 125,000 ordinary shares - according to the provision and for the purpose of Article 5 of Regulation (EU) 596/2014 and Article 2, paragraph 3, of the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 - announces to have acquired on the on the Euronext Milan (EXM), organized and managed by Borsa Italiana S.p.A., in the period from 21st January 2022 to 27th January 2022 both total n. 1,603 of treasury shares (corresponding to 0.027% of the total number of ordinary shares), at a weight average price of Euro 25.4253 for a total counter-value of Euro 40,756.80.

On the basis of information provided by Banca IMI, the authorized intermediary in charge of carrying out the buyback transactions described in this present press release, here below is a summary of the daily transactions, in aggregate form:

DATE	NUMBER ORDINARY	AVERAGE PRICE (EUR)	TOTAL AMOUNT (EUR)
SHARES PURCHASED
01/21/2022	800	25.7839	20,627.10
01/24/2022	300	25.1000	7,530.00
01/25/2022	100	24.9000	2,490.00
01/26/2022	203	25.0739	5,090.00
01/27/2022	200	25.0985	5,019.70
TOTAL	1,603	25.4253	40,756.80

Detailed and daily information about the buyback transactions carried out in the above-mentioned period is attached to this press release.

Further to the buyback transactions above, the treasury shares held by the Company amount to n. 166,644.

Related press release: press release of January 13, 2022 and press release of January 20, 2022.

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This press release is available to the public at the Company's registered office, at Borsa Italiana, on the storage mechanism authorised by Consob "1info" (www.1info.it) and in the specific sections of the website www.indelbgroup.com.

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Indel B Spa - Registered, administrative and commercial offices via Sarsinate, 27 - 47866 Sant'Agata Feltria (RN) Italy

Tel. [phone] - Fax [phone] - [e-mail]- www.indelbgroup.com

Share capital Euro 5,842,000 fully paid-in - Economic and Administrative Index (REA) RN - 312757 - Companies House - VAT no./tax

code 02037650419 - Code of International Standard Organization IT02037650419

Indel B S.p.A. is a company listed on the EXM segment of the Italian stock exchange and is controlled by AMP.FIN S.r.l., in turn held entirely by the Berloni family. Indel B S.p.A. heads an important Group that operates worldwide and has been active for the last 50 years in the mobile cooling sector applicable to the Automotive, Leisure time and Hospitality cooling segments. The Group also operates in mobile climate control, with specific reference to the Automotive market, represented by commercial vehicles, minibuses, ambulances, agricultural and earth-moving machinery, and in the Cooling Appliances sector, which mainly comprises cellars for storing wine and small refrigerators for storing milk. The company has a market cap of approximately Euro 147 million.

Contact details

INDEL B	POLYTEMS HIR	FAST-COM
Controller & IR	IR e Comunicazione Finanziaria	Media Relations
Elisabetta Benazzi	Bianca Fersini Mastelloni	Paolo Santagostino
[phone]	+39 06.69923324; [phone]	[phone]
[e-mail]	[e-mail]	[e-mail]

2

Attached
Fill ID	Fill Date	Fill Time	B/S	Country	Market	Security Ref.	Fill Price	Fill Qty

29qu49tsg	21/01/2022	12:01:01.893.881	Buy	IT.ico	MTA	INDB	25,80	34
29qu49tsh	21/01/2022	12:01:01.893.881	Buy	IT.ico	MTA	INDB	25,80	87
29qu49tsi	21/01/2022	12:01:01.893.881	Buy	IT.ico	MTA	INDB	25,80	550
29qu4A8Ss	21/01/2022	17:35:18.316.631	Buy	IT.ico	MTA	INDB	25,70	128
29qu4A8St	21/01/2022	17:35:18.316.631	Buy	IT.ico	MTA	INDB	25,70	1
2ANZLXs5l	24/01/2022	12:17:02.392.973	Buy	IT.ico	MTA	INDB	25,10	300
2AYSRL91z	25/01/2022	14:01:48.833.125	Buy	IT.ico	MTA	INDB	24,90	100
2AjLX8Z4q	26/01/2022	17:10:53.964.267	Buy	IT.ico	MTA	INDB	25,00	35
2AjLX8Z55	26/01/2022	17:11:05.341.391	Buy	IT.ico	MTA	INDB	25,10	150
2AjLX8bKl	26/01/2022	17:35:28.946.165	Buy	IT.ico	MTA	INDB	25,00	18
2AuEcvoBd	27/01/2022	16:05:35.639.810	Buy	IT.ico	MTA	INDB	24,90	63
2AuEcvrs5	27/01/2022	17:11:44.031.487	Buy	IT.ico	MTA	INDB	25,00	7
2AuEcvrs6	27/01/2022	17:11:44.031.487	Buy	IT.ico	MTA	INDB	25,20	93
2AuEcvrsO	27/01/2022	17:11:48.811.338	Buy	IT.ico	MTA	INDB	25,20	37

Indel B Spa - Registered, administrative and commercial offices via Sarsinate, 27 - 47866 Sant'Agata Feltria (RN) Italy

Tel. [phone] - Fax [phone] - [e-mail]- www.indelbgroup.com

Share capital Euro 5,842,000 fully paid-in - Economic and Administrative Index (REA) RN - 312757 - Companies House - VAT no./tax

code 02037650419 - Code of International Standard Organization IT02037650419