Newlat Food S p A : confirms its external growth strategy

Head office: Via J. F. Kennedy, 16 - 42124 Reggio Emilia - Telephone: [phone] Fax: [phone]

Share Capital € 43,935,050.00 fully paid-up - Economic and Administrative Index of Reggio Emilia (REA) no. 277595 - VAT and Tax ID 00183410653

Company subject to management annd coordination by Newlat Group S.A. pursuant to articles 2497 et seq. of the Ittalian Civil Code.

PRESS RELEASE

NEWLAT CONFIRMS ITS EXTERNAL GROWTH STRATTEGY

Reggio Emilia, 14 January 2021 - Newlat Food S.p.A. (the "Company ") coonfirms its willingness to continue its external growth strattegy, as already stated at the time of the listing of the Company's shares in October 2019, and recently confirmed by the Chairman of the Board of Directorss, Angelo Mastrolia.

To this end, the Company has beeen scouting potential targets in the food & bevverage industry, both in Italy and abroad, which could result in possible M&A transactions, where satisfactory conditions are met.

Furthermore, the Company is evaluuating the opportunity to diversify its sources of funding, also through the issuance of a bond, in order too provide the Company with enough financial flexibility for new M&A transactions.

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This press release is available on the Company's website www.newlat.itand onn the authorized storage mechanism eMarketstorage at the foollowing address www.emarketstorage.com.

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FOR MORE INFORMATION:

Investors

Benedetta Mastrolia

NEWLAT FOOD INVESTOR RELATOR

Mob. [phone]

[e-mail]

Press Office

Roberto Stasio

BARABINO & PARTNERS

Tel. [phone]

Mob. [phone]

[e-mail]

Alice Brambilla

BARABINO & PARTNERS

Tel. [phone]

Mob. [phone]

[e-mail]

Head office: Via J. F. Kennedy, 16 - 42124 Reggio Emilia - Telephone: [phone] Fax: [phone]

Share Capital € 43,935,050.00 fully paid-up - Economic and Administrative Index of Reggio Emilia (REA) no. 277595 - VAT and Tax ID 00183410653

Company subject to management annd coordination by Newlat Group S.A. pursuant to articles 2497 et seq. of the Ittalian Civil Code.

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The Newlat Group

The Newlat Group is a relevant multinational, multi-brand and multi-channel player in the Italian and European agri-food sector, havingg a large portfolio of products and brands well known in Italy and internationally. The Newlat Group holds a consolidated positioning in the Italian and German markets and sale products in more than 60 counntries. The Newlat Group is mainly active in the pasta, dairy, bakery and special products sectors, and in partticular in the health & wellness, gluten free and baby food sectors.

For more information, visit our webbsite www.newlat.it.