Avio S.p.A.

Completion of the subscription of the reserved capital increase for approximately Euro 109.4 million by Advent through the subscription of no. 3,275,268 newly issued shares, representing approximately 6.54% of Avio's share capital on a post-money basis

Avio and Advent enter into an investment agreement for the acquisition by Advent of a minority stake in Avio, by subscription of new shares to be issued by Avio arising from the partial exercise of the delegated power, as provided for in Article 5.4 of the Avio's By-Laws, to increase share capital

• ArianeGroup and Avio have concluded a major contract for the production of Ariane 6 items up to 2029, including P120/P160 boosters and oxygen turbopumps;

• Europropulsion, the JV co-owned by ArianeGroup and Avio, integrates and supplies P160C solid rocket motors to Ariane Group throughout the stabilized exploitation phase of Ariane 6 and Vega C;

• The commercial agreement also covers the mutual supply of components and equipment for ArianeGroup's Ariane 6 and Avio's Vega C launchers.

• The total value of the order intake associated to the signed contract exceeds 200M€ for Avio.