Start of the second Warrant exercise period

PRESS RELEASE - TMP GROUP

TMP GROUP BOARD OF DIRECTORS APPROVES REPORT

CONSOLIDATED HALF-YEARLY REPORT AS OF JUNE 30, 2024

EBITDA +79% YoY 1.3 MILLION

NET PROFIT + 4015% 0.68 MILLION

PRODUCTION VALUE GROWS BY 12% 3.7 MILLION

POSITIVE NET FINANCIAL POSITION (CASH) EQUAL TO EURO 0.68 MILLION

Key highlights:

• Consolidated production value grows: Euro 3.7 million, +12% compared to Euro
  3.3 million as of June 30, 2023
• Consolidated EBITDA: Euro 1.3 million, up 79% compared to June 30, 2023 •

Consolidated net profit: Euro 0.68 million compared to a consolidated net loss of Euro -0.02 million at 30 June 2023, up +4015%

• Net financial position: Euro 0.68 million (cash positive) compared to Euro 1.0

Million as of December 31, 2023. Liquidity and cash equivalents amount to Euro 1.57 Million

Milan, 27 September 2024 - The Board of Directors of TMP Group SpA ("TMP" or the "Company"), an Italian tech-media company (listed on the Euronext Growth Milan market, ISIN Code IT0005531238, Ticker: TMP) specialized in the design and development of communication, advertising and digital marketing strategies, hybrid events and content, characterized by a high technological profile, met today under the chairmanship of Maria Teresa Astorino, and examined and approved the consolidated half-yearlyreport as of 30 June 2024, subject to limited audit.

The main consolidated economic and financial results as of June 30, 2024 are highlighted below.

Economic trend

The first half of 2024 was characterized by growth in the main economic indicators of the Group:

The consolidated value of production, equal to Euro 3.7 million at 30 June 2024, recorded an increase of 12% compared to the same period of 2023 (Euro 3.3 million) mainly following the revaluation of credit positions which determined the reduction of the provision for bad debts of Euro 0.63 million and the increase in operating contributions for Euro 0.43 million linked to the tax credit for expenses incurred for the listing on the stock exchange.

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In the period under examination, consolidated revenues, equal to Euro 2.5 million, suffered a slight decrease (-

19% compared to June 30, 2023) due to the failure to convert some orders, with possible realization in the second half of the year.

The three divisions contributed to the result, as illustrated below:

• the Technology area (web development, web 3 and metaverse) recorded a slight decrease in revenues of 8%, going from Euro 0.9 million at 30 June 2023 to Euro 0.8 million at 30 June 2024, corresponding to 33.0% of total consolidated revenues;
• the Digital & Production area, the new "Prodigy"division (relating to podcast production, video branding, social media management, communication strategy development and performance marketing activities), recorded revenues of Euro 0.53 million at 30 June 2024 (-
  23% compared to June 30, 2023), corresponding to 21% of total consolidated revenues;
• the Experience area (management of physical and digital events, exhibition service) recorded as of June 30th 2024 revenues of Euro 1.1 million, equal to 46% of total consolidated revenues, decreasing by 25% at 30 June 2023.

Consolidated EBITDA is equal to Euro 1.34 million, up 79% compared to the first half of 2023, costs for the half- year are equal to Euro 2.4 million compared to Euro 2.6 million in the first half of 2023.

The EBITDA margin, expressed as a percentage of revenues, is 52% at June 30, 2024 compared to 29% in the same period of the previous year. Consolidated EBITDA is affected by costs for services

for Euro 1.7 million, up 18% compared to 30 June 2023 due to the reclassification

within this item of some costs that in the first half of 2023 were reclassified within the item use of third party assets and personnel costs for Euro 0.59 million, -6% compared to Euro

0.63 million as of June 30, 2023. On the other hand, the item costs for the use of third-party assets is significantly reduced from Euro 0.33 million to Euro 0.02 million following the transfer of the lease of the Hangar21 space in Milan, and as indicated in the previous paragraph, following the reclassification of rental costs for customer events within the item costs for services.

Consolidated EBIT, equal to Euro 0.92 million (Euro 0.2 million at 30 June 2023), is in strong growth, equal to 313%, thanks to the revaluation of numerous devalued credit items, revalued on the basis of the collections received. The total of write-downs and amortizations is equal to 0.39 million, down 23% compared to 30 June 2023. It is emphasized that the amortization quotas refer to the investments made by the Company for the development of technological platforms

Musa NFT.io, Newty.io, and innovative solutions in the large event ticketing sector and the web 3.0 world. The write- downs of the credits derive from a careful and prudent reconnaissance of the positions

group'screditors and their degree of recoverability.

The Company'sconsolidated pre-taxresult is equal to Euro 0.86 million, a strong growth of 458% compared to the same period of 2023 (Euro 0.15 million).

The consolidated net profit for the period is equal to Euro 0.68 million (compared to a net loss consolidated by Euro -0.02 million at 30 June 2023, therefore growing by 4015%).

Asset and financial performance

The Group'sconsolidated Net Invested Capital as of 30 June 2024 amounts to Euro 5.3 million,

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compared to Euro 4.29 million on 31 December 2023 (+24%). The item includes working capital net of Euro 2.8 million (+ 25% compared to Euro 2.2 million at 31 December 2023) and an active fixed assets equal to Euro 2.7 million (+ 24% compared to Euro 2.2 million at 31 December 2023). The growth of consolidated fixed assets is mainly due to investments in

intangible assets in which development costs and digital platform costs have been recorded for Euro 0.7 million.

Consolidated Net Equity is equal to Euro 6.0 million as of June 30, 2024 (+13% compared to Euro 5.3 million as of December 31, 2023).

The consolidated Net Financial Position as of June 30, 2024 is (cash positive), equal to Euro - 0.68 million, versus Euro -1.03 (cash positive) million at 31 December 2023.

Cash and cash equivalents amounted to 1.6 million at June 30, 2024 versus 2.2 million at December 31, 2023.

Significant events that occurred during the financial year

The parent company has reorganized its internal structure by merging the digital division with the production division, creating the new

"Prodigy"division in order to optimize synergies between the individual divisions.

Therefore, the structure is currently composed of three divisions (prodigy, experience and tech).

In view of the updating and implementation of the Hangar 21 industrial concept, the need to maintain a stable production space active has disappeared, preferring geographical dislocation and maintaining the innovative and modular nature of the concept. This led to the change of operational headquarters of the parent company on 4 January 2024, thus leaving the spaces of Via Tortona 27 in Milan. This strategic choice will also have economic benefits by streamlining fixed costs, having a substantial benefit starting from 2024.

The sales structure has been strengthened by adding senior collaborators in the Experience and Prodigy areas who are contributing to an increase in qualified leads and potentially generated volumes. The results are visible in limited effect in S1 but a more significant effect is expected in S2.

In this sense, at the beginning of the semester the consortium held a kick-off meeting following the industrial partnership agreement with Beyond Srl.

In order to pursue growth and territorial geo-dislocation, in 2023 the Group participated in a call for tenders by the Sicily region as part of the "Connessioni"project, which involves the redevelopment of an abandoned area to create a Hub aimed at combining high technology, innovation, sustainability, capable of hosting and facilitating matching between national and international Start-ups. This call for tenders saw the Parent Company being selected among the winning companies and we are awaiting further bureaucratic formalizations that should be concluded during 2024. The concept of Hangar 21, owned by us, is configured in this context.

In 2024 the company participated in the Navigart call by the Lombardy Region, for the development of an innovative application for museums, was selected and is evaluating the next steps.

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The company received a favorable opinion from the MISE for the tax credit related to listing costs for a total of 402,000 Euros.

The parent company, also in order to optimize the costs related to being a listed company, has adjusted the partners.

Following the expiration of the three-year contract with the auditing firm EY, the assignment for the next 3 years has been entrusted to the company RSM, while the EGA has been replaced from Banca Profilo to CFO SIM, as well as the corporate broker and Specialist from Banca Profilo to Web Sim-Intermonte.

The Board of Directors saw the resignation of Director Laura Pedrinazzi and the appointment of Director and partner Basilio Antonino Scaturro as CFO.

The company also approved the launch of a buy-back program in the Shareholders'Meeting and the Board of Directors.

FOREIGN EXPANSION

For territorial expansion purposes, the Group has strengthened its collaboration in Spain, with Hub of Brands, as a business catalyst in the country and has entered into further agreements with leading international companies between Madrid and Barcelona.

It also continued its commercial collaboration with the Saudi company Event Zone, operating in KSA, and further contacts were initiated with other players operating throughout the Gulf basin in order to promote commercial and production activity in an increasingly central territory and a market with very high development potential.

An important collaboration has been started with the Japanese company Chukyo to generate relevant leads related to experience productions and tech activations for EXPO Osaka 2025.

Finally, the Group received a positive resolution regarding the SIMEST funds and is now in the process of completing the bureaucratic procedures.

Significant events after June 30, 2024

Start of second exercise period "Warrant TMP Group 2023-2025"

On 25 September the Company announced that the second of the three periods foreseen for the financial year of the "WarrantTMP Group 2023-2025", ISIN code IT0005531253 ("Warrant"),will open on 1 October 2024 and will close on October 31, 2024, including the initial and final terms. The Warrant holders will be able to request to subscribe for new compendium shares in the ratio of 1 Compendium Share every

n. 1 Warrant presented for exercise, at a price of Euro 11.50 for each Compendium Share

signed.

Foreseeable evolution of management

The market in which the Group interfaces is a market directly influenced by macro events that impact the needs and marketing strategies of customers, increasingly multinationals with global and non-georeferenced interests.

The shock produced by these crisis situations could be conveyed through three transmission channels: rising commodity and energy prices, bottlenecks in international trade and a decline in consumer and business confidence. A possible escalation towards other countries would have further significant implications for energy prices and consequently for the

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economic growth of the users of the Group'sservices. The Group constantly monitors the trends of external situations that may impact its performance, in order to activate the actions required for the maintenance and implementation of the business.

The Group believes that a possible beneficial effect in the second half of 2024 could be generated by potential orders linked to global events and happenings for which the Group is already active from a commercial and operational perspective with an advisory contract (Winter Universiade 2025) and on other international initiatives linked to the reference industries (Euro Roma 2024, Expo Osaka 2025).

DOCUMENTATION DEPOSIT

The documentation relating to the Consolidated Half-Yearly Report as of 30 June 2024, required by current legislation, will be made available to the public at the registered office of the Issuer as well as which by publication on the Company'swebsite www.tmpgroup.it, section "Investor-

Balance Sheets and Reports" in accordance with the law, as well as on the website www.borsaitaliana.it, Actions section/ Documents.

This press release is online at www.1info.it and on the Issuer'swebsite

www.tmpgroup.it in the "Investor- Price sensitive press releases " section.

About TMP Group

TMP Group SpA is an Italian tech-media company founded in 2012 and specialized in the design and development of strategies of communication, advertising and digital marketing, hybrid events and contents, characterised by a high technological profile.

It supports companies through operational areas - Prodigy, Experience and Technology - paying constant attention to

innovation, creativity and new media, investing in talent, in the most advanced technological platforms and in the Metaverse and NFT blockchain sector. It has 4 operational offices in Italy - in Milan, Turin and Rome - in addition to important commercial partnerships in London and Tokyo. The team is made up of 30 resources, average age 30. It boasts a very diversified client portfolio, of national and international brands, key players in their respective sectors. In 2021 it founded Hangar21, a digital production factory ecosystem located in Milan, and scalable everywhere, dedicated to the conception, development, production and dissemination of digital and creative content through the most modern technologies and which encompasses the entire communication chain. As of 30 June 2024, TMP Group achieved a production value of 3.7 million

of Euro, revenues of 2.5 million and EBITDA of 1.3 million Euro.

Contacts

Investor Relations

Roberto Rosati

Email: investor.relator@tmpgroup.it

T: +39 02 8719 6846

Euronext Growth Advisor

CFO SIM

ecm@cfosim.com | +39 023034339

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Interim consolidated financial statements 2024

BALANCE SHEET - ASSETS

BALANCE SHEET - LIABILITIES

Interim consolidated financial statements 2024

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