Sale of a Business Unit to Villanova.ai S.p.A.

Expert.ai S.p.A. (the "Company" or "Expert.ai"), leader in the implementation of enterprise artificial intelligence solutions to create business value, announces the sale of a business unit to Villanova.ai S.p.A., a company 40% owned by Expert.ai ("Villanova"), consisting of 32 employees working on the "Villanova Project" (see press release dated April 7, 2025).

The consideration for the sale of the business unit is €0.1 million, resulting from an Enterprise Value of €1.1 million net of €1.0 million in debt, determined based on an appraisal conducted by Deloitte Advisory S.r.l. S.B. as an independent expert.

The transaction is part of a broader strategic reorganization that involves the allocation of Expert.ai employees involved in the Project and related costs directly to Villanova. At the same time, the commercial agreement between Expert.ai and Villanova to ensure the provision of the generative AI services developed as part of the Villanova Project remains in place.

It should also be noted that the sale of the business unit to Villanova:

1. it does not qualify as a significant transaction pursuant to Article 12 of the Euronext Growth Milan Issuers' Regulations, as it does not exceed any of the materiality indicators set forth in Schedule Three of the same Regulations;

2. it was also assessed by the Company, pursuant to the procedure for related-party transactions, as a transaction excluded from the application of the aforementioned procedure, given that it was a transaction carried out with a company associated with Expert.ai and in the absence of significant interests of other related parties of the latter.

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This press release is available on the Company website www.expert.ai and at www.emarketstorage.com

Expert.ai is a company specializing in the implementation of enterprise artificial intelligence solutions to create business value, listed on the Euronext Growth Milan market (EXAI:IM) and operating in Europe and North America. Through EidenAI Suite, Expert.ai supports companies and public administrations in their AI adoption journeys by offering a suite of ready-to-use solutions tailored for vertical markets. With 30 years of pioneering experience in innovation and technological excellence, Expert.ai has successfully implemented hundreds of projects, integrating the best technologies available on the market with its proprietary solutions. Its Hybrid AI approach (a neuro-symbolic AI based on natural language understanding and knowledge graphs, and machine learning/deep learning techniques - large language models, generative AI and agentic AI) is grounded in a vision of responsible, transparent and sustainable AI designed to serve people, address key challenges and achieve meaningful goals. Among Expert.ai's customers, who are served directly and through partners, are AXA XL, Zurich Insurance Group, Generali, Sanofi, The Associated Press, Bloomberg INDG, Dow Jones, and other leading organizations. Dario Pardi, who brings decades of experience at major multinational companies in the ICT sector, is Chairman, Chief Executive Officer, and a key shareholder of Expert.ai.

For more information: https://www.expert.ai/