To access this section of the website, you must read and accept the information provided below, which should be carefully considered by the reader before reading, accessing, or otherwise using the information provided. By accessing this section of the website, you agree to be bound by the terms and conditions outlined below, which may be modified or updated (and, for this reason, must be read in full each time you access it).

The admission document published in this section of the website (“Admission Document”) has been prepared in accordance with the Issuers’ Regulation of the multilateral trading facility known as “Euronext Growth Milan” (respectively, “EGM” and the “Euronext Growth Milan Issuers’ Regulation”) for the purpose of admitting the ordinary shares of Adventure S.p.A. (the “Company”) to this multilateral trading facility organized and managed by Borsa Italiana S.p.A.

The offering of financial instruments contemplated in the Admission Document and any other information contained in the following pages do not constitute a “public offer” as defined by Legislative Decree No. 58 of February 24, 1998, as amended (the “TUF”), and therefore, the preparation of a prospectus according to the formats provided by EU Delegated Regulation No. 2019/980 is not required.

The Admission Document, therefore, does not constitute a prospectus, and its publication does not need to be authorized by CONSOB pursuant to EU Regulation No. 2017/1129 or any other law or regulation governing the preparation and publication of prospectuses under Articles 94 and 113 of the TUF, including the Issuers’ Regulation adopted by CONSOB with Resolution No. 11971 of May 14, 1999, as subsequently amended and supplemented.

The information contained in this section of the website is disseminated in accordance with Articles 17 and 26 of the Euronext Growth Milan Issuers’ Regulation.

This section of the website, the Admission Document, and any other information contained in the following pages are accessible only by individuals who: (i) are residents of Italy and are not domiciled or currently located in the United States of America, Australia, Japan, Canada, or any other country where the dissemination of the Admission Document and/or such information requires the approval of the relevant local authorities or would be in violation of local laws or regulations (“Other Countries”); and (ii) are not “U.S. Persons,” as defined in Regulation S under the United States Securities Act of 1933, as amended, nor are they individuals acting on behalf of or for the benefit of such persons without proper registration or an applicable exemption from registration under the United States Securities Act and the applicable regulations.

“U.S. Persons,” as defined above, are prohibited from accessing this section of the website, downloading, storing, and/or saving the Admission Document and any other information contained in this section of the website, whether temporarily or permanently.

The information contained in this section of the website may not be copied or forwarded. Under no circumstances may the Admission Document or any other information contained in this section of the website be circulated, directly or through third parties, to individuals in the situations described in points (i) and (ii) above, and, in particular, in the United States, Australia, Japan, Canada, or Other Countries.

The information contained on this website (or on any other website linked to this one) does not constitute an offer, invitation to offer, or promotional activity in relation to the Company’s Financial Instruments to any citizen or resident of the United States, Australia, Japan, Canada, or Other Countries.

Furthermore, the Company’s Financial Instruments are not, and will not be, registered under the United States Securities Act of 1933, as amended, or with any regulatory authority of any state or other jurisdiction of the United States, and may not be offered or sold in the United States, or to, or on behalf of or for the benefit of, a “U.S. Person,” as defined below, without such registration or an express exemption from this requirement, or in Australia, Japan, Canada, or Other Countries. Regulation S under the United States Securities Act of 1933, as amended, defines a “U.S. Person” as: (a) any natural person resident in the United States; (b) partnerships and corporations incorporated and organized under the laws of the United States; (c) any estate where the executors or administrators are a “U.S. Person”; (d) trusts where a trustee is a “U.S. Person”; (e) any agency, branch, or office of an entity located in the United States; (f) non-discretionary accounts; (g) other similar accounts (except estates or trusts) managed or administered in a fiduciary capacity for or on behalf of a “U.S. Person”; (h) partnerships and corporations if (i) incorporated and organized under the laws of any foreign jurisdiction; and (ii) formed by a “U.S. Person” with the primary objective of investing in securities not registered under the United States Securities Act of 1933, as amended, unless they are incorporated or organized and owned by accredited investors (as defined in Rule 501(a) of the United States Securities Act of 1933) who are not natural persons, estates, or trusts.

To access this section of the website, the Admission Document, and any other information contained on the following pages, I declare under my full responsibility that I am a resident of Italy and that I am not domiciled or currently located in the United States of America, Australia, Japan, Canada, or Other Countries, and that I am not a “U.S. Person” as defined in Regulation S of the United States Securities Act of 1933, as amended.