Mare Group Converts Eles Bid To Mandatory From Voluntary

About this update from Mare Engineering Group Spa

Mare Group SpA MIL:MARE:SAID ON MONDAY ASKED CONVERSION OF ELES' BID TO MANDATORY FROM VOLUNTARY WAIVED OFFER CONDITIONSAS OF TODAY, MARE GROUP HOLDS 5,431,480 ELES ORDINARY SHARES, EQUAL TO 28.65% OF VOTING RIGHTSCOMBINED WITH SHARES HELD BY MASSIMILIANO BELLUCCI (ACTING IN CONCERT WITH THE COMPANY), AMOUNT TO 5,510,882 SHARES, EQUAL TO 30.11% OF VOTING RIGHTSALL OTHER TERMS, PROCEDURES OF OFFER REMAIN UNCHANGED Further company coverage:

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