Press Release - Results at 31 December 2021 approved

Cairo Communication

• In 2021:
o Strong growth in results versus 2020: EBITDA of Euro 179.4 million (Euro 109.6 million in 2020), EBIT of Euro 103.2 million (Euro 30.5 million in 2020) and net result of Euro 51 million (Euro 16.5 million in 2020)
o Consolidated gross revenue, amounting to Euro 1,176 million, up by Euro 127.3 million versus 2020
o The net financial position stands at Euro 37 million, improving by Euro 100.2 million versus end 2020 (when the Group had a net financial debt of Euro 63.2 million)

• RCS achieved a net positive result of Euro 72.4 million and continued to generate positive cash flows, with an improvement in the net financial position of Euro 76.3 million. Digital revenue makes for approximately 24.2% of the total. Advertising sales on online media make for 44.4%. Online advertising on RCS media in 2021 grew by 20% in Italy and 29.2% in Spain versus 2020

• Corriere della Sera leading Italian daily newspaper on newsstands with a total active digital customer base of approximately 384 thousand subscriptions. The customer base of Gazzetta's pay products increases too, with approximately 80 thousand subscriptions

• In Spain, digital subscriptions are also on the rise, at 80 thousand for El Mundo and 41 thousand for Expansion • La7 confirms the high audience levels (3.17% in the all-day share and 4.43% in prime time). In 2021, advertising sales on La7 and La7d channels grew by 7.1% versus 2020 and exceeded the results of 2019

• The Cairo Editore magazine publishing segment achieved gross operating profit (EBITDA) of Euro 9.2 million, up versus 2020 (Euro 7.4 million)

• A dividend of Euro 0.18 per share will be proposed at the Shareholders’ Meeting