Isagro S p A : BINDING OFFER PHOENIX-DEL

PRESS RELEASE

BINDING OFFER FOR THE ACQUISITION OF PHOENIX-DEL

Milan, September 17th, 2020 - Isagro S.p.A. communicates that the Quotaholders of Phoenix-Del Srl, an Italian company operating in the registration and sale of Copper-based agropharmaceuticals, accepted the Binding Offer for the acquisition by Isagro of the 100% of the capital stock of Phoenix-Del itself.

Phoenix-Del generated in 2019 sales revenues of around 5 million Euro (forecasted to double in the next years thanks to already signed commercial agreements), with an EBITDA of around 0.3 million Euro and a net financial position at debt of around 0.7 million Euro. The acquisition - which pertains to the new business model of Isagro based on the growth, also through external lines, in the segments of Copper-based products and Biosolutions - will allow the generation of important industrial and commercial synergies.

The Binding Offert, subject to due diligence, sets a price of 3.6 million Euro, of which 2.4 million to be paid at the Closing (expected by October-end) and 1.2 million after one year subject to the occurrence of certain conditions with particular reference to the obtainability of industrial synergies.

About Isagro

Isagro S.p.A., an independent company born in 1993 with Montecatini/Montedison origin, is listed on the Milan Stock Exchange since 2003. Initially based on the discovery and development of new chemical molecules, the last one being Fluindapyr, the Company leads today a Group offering agricultural solutions at low environmental impact, with a growth project focused on biorationals as part of its new business model aimed also at capitalizing on the current product portfolio qualified for an integrated crop management.

In 2014 Isagro issued Growth Shares, an innovative category of special shares specifically conceived for companies having a Controlling Subject. Main characteristics of Growth Shares are the absence of voting rights, an extra-dividend vs. Ordinary Shares (20% in the case of Isagro) and the automatic conversion into Ordinary Shares in the ratio 1:1 in any case of loss of controlling stake by the Controlling Subject and/or of Compulsory Public Offer.

For more information:

Ruggero Gambini	Erjola Alushaj
Chief Financial Officer	Group Financial Planning &
Tel. [phone]	Coordination and IR Manager
	Tel. [phone]
www.isagro.com	[e-mail]