FIRST MEETING OF THE NEWLY ELECTED BOARD OF DIRECTORS

• Guido Cami appointed Chairman and Chief Executive Officer
• Marina Balzano, Steven Kenny and Roberto Rettani appointed independent directors

Approval of the quantitative and qualitative materiality criteria for relationships potentially relevant to the assessment of independent directors pursuant to art. 6-bis of the EGM Issuers’ Regulations

Industrie Chimiche Forestali S.p.A. – a leading national and international player in the design, manufacture and marketing of high-technology adhesives and fabrics, listed on the Euronext Growth Milan market of Borsa Italiana – (the “Company”) announces that the first meeting of the new Board of Directors, appointed by the Shareholders’ Meeting of 28 April, was held today.