Tecma S p A : BOD APPROVES THE FINANCIAL STATEMENTS AS OF 31 DECEMBER 2021 AND CALLS THE SHAREHOLDERS' MEETING

PRESS RELEASE

THE BOARD OF DIRECTORS APPROVES THE COMPANY'S AND THE GROUP'S

CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2021

Significant growth of Value of Production (+64%) confirming the validity of TECMA's business model as a Tech Partner of reference in the Real Estate industry

Considerable investments in R&D (32% of revenues)

for the development of the digital platform technological assets that supports business scalability in line with the strategic plan

Approved the proposal to the Shareholders' Meeting to grant the Board of

Directors a proxy, pursuant to article 2443 of the Italian Civil Code, to increase the share capital, at one or more times, of a maximum amount of

EUR 10,000,000

Convocation of the Shareholders' meeting for April 29th, 2022

Key consolidated results as of December 31st, 2021, compared to December 31st, 2020:

• • Value of Production: EUR 13.2 million, up by 64% compared to EUR 8.0 million, and Net Revenues of EUR 10.0 million compared to EUR 7.6 million (up by 30%);

• • EBITDA: EUR 2.2 million compared to EUR 2.0 million (up by 10%), despite the increase in costs related to the new organizational structure, the general and administrative services and the hiring of new professional employees, thus enabling the Group to sustain the important development plan in the years to come;

• • EBIT: EUR -0.6 million compared to EUR 1.1 million, due to amortization of investments in the technology platform, as per the strategic plan, together with TECMA's intellectual properties that were revalued in the previous years;

• • Net Result: EUR -0.4 million, down from EUR 0.8 million;

• • Net Financial Position: EUR -2.3 million compared to EUR -8.1 million as of December 31st, 2020, due to investments in research and development, the

internationalization process and business growth, and human capital (148 employees as of December 2021, up by 80% from 82 at the end of 2020);

• • Investments in R&D for a total of EUR 3.2 million with an incidence of 32% on Net Revenues, aimed at a significant consolidation of the technological platform, fulcrum of the offer and scalability of TECMA's business model;

• • Significant growth of the order backlog for a total of approximately EUR 17 million compared to last year's EUR 9.9 million, with a growth of 72%, higher than the growth recorded by the Value of Production (64%).

Milan, 28 March 2022 - The Board of Directors of TECMA Solutions S.p.A. ("Company" or "TECMA"), Tech Company specializing in the Real Estate sector listed on Euronext Growth Milan [EGM: TCM], approved today the Company's financial statements and the Group's consolidated financial statements for the financial year ending on December 31st, 2021, reported in accordance with the Italian Accounting Body's accounting standards .

"2021 was an extraordinary year that brought satisfaction and decisive confirmations with respect to the growth path and the objectives we set forward at the end of 2020. The Group is growing at a fast pace thanks to the resources raised upon the IPO, which have allowed us to invest significantly in three strategic directions: internationalization, new products development and strengthening of the organizational structure. TECMA is nowadays a leader in the Italian Real Estate market, positioned as a technological and strategic partner for every kind of major residential and commercial development project, both transactional (e.g. Built to Sell) and rental (e.g. Built to Rent/Rental Management).

At the same time, the Group is consolidating its position abroad, particularly in the US market, where the first operative office has been recently established in Miami, and in Europe with a focus on Germany, UK and France". Commented Pietro Adduci, CEO of TECMA.

"TECMA is ready to seize all the potential of a market that is growing awareness of the advantages brought by the digital transformation - an irreversible process accelerated by the healthcare emergency that began in 2020 - which has opened up new opportunities for growth and development for the Group. E-Commerce, new digital experiences, and a strong push towards industrialization processes will represent the founding elements of the Real Estate industry in the coming years, areas in which the Group can now boast a ten-year competitive advantage. TECMA will continue in 2022 to invest in R&D activities in order to develop new products through its proprietary digital platform, making the business model more and more scalable with clear benefits for all stakeholders". The words of Gabriele Riva, General Manager of the Group.

"This first year of listing has been very satisfying in terms of stock performance (+160% compared to the IPO price and +9% in the last 30 days) and even in a complex market context,as the one we are experiencing, our shareholders are giving us confidence, demonstrating a total alignment on an ambitious medium-long term industrial project". Commented Pietro Adduci, CEO of TECMA.

MAIN CONSOLIDATED RESULTS

In the financial year 2021, the group headed by TECMA (the "Group") achieved a Value of Production of EUR 13.2 million, up 64% compared to EUR 8.0 million recorded in the same period of 2020, and Net Revenues of EUR 10.0 million (up by +30%) compared to EUR 7.6 million in 2020, due mainly to the increase of the variable component of revenues and the development of the Italian and international markets. This result of the period is the effect of several new agreements signed during the year, which shows that the real estate digitization process is now an irreversible process, confirming the validity of TECMA's business model and its highly innovative proprietary digital platform. The Company, during the year, has also expanded its activities to the field of rental management (e.g., Build-to-Rent/Rental Management) as well as to assets intended for commercial use (Office & Retail).

In the financial year 2021, the share of international revenues was 10% of Net Revenues, in line with 2020, with more than 23 new major projects acquired in 5 countries beyond national borders. This figure reinforces the effectiveness of the internationalization strategy that the Company is pursuing.

EBITDA is equal to EUR 2.2 million, up by 10% compared to 2020 (equal to EUR 2.0 million), with an incidence on the Value of Production of 17% compared to 25% in 2020. The decrease in operating margins is mainly related to the strong expansion of activities which has led, among other things, to a strong acceleration in investments in human capital (increase in personnel costs from EUR 3.2 million in 2020 to EUR 5.5 million in 2021 with an increase in the number of employees by 80%) to adapt the structure to the growing number of projects underway that will generate revenues in the next 12-24 months. This strengthening of the structure will also allow the Group to seize important growth opportunities in the coming years (as already reflected in the sales revenues of 2021), also through and activation of a significant internationalization path.

EBIT was EUR -0.6 million compared with EUR 1.1 million in 2020, primarily due to the amortization of investments for the development of the platform in line with the Company's strategic growth plan, together with TECMA's intellectual properties revalued in previous years.

The Net Result was EUR -0.4 million, down from EUR 0.8 million in 2020 as a result of the above.

The Net Financial Position as of December 31, 2021, was EUR -2.3 million (EUR 5.1 million inbank debt, net of EUR 7.4 million in cash on the balance sheet) compared to EUR -8.1 million as of December 31st, 2020. The financial resources were allocated to research and development activities, to the internationalization process and business growth, and to the investments in human capital (148 employees as of December 31st, 2021, up 80% compared to 82 employees at the end of 2020).

Net Working Capital increased from EUR 0.9 million in 2020 to EUR 4.5 million in 2021, mainly due to the increase in trade receivables related to the greater volume of business carried out during the year and as a result of the Company's business model.

Significant events as of December 31st, 2021

With reference to the most important operations started in 2021, the Company signed industrial partnerships relating to the management of projects promoted or managed by some of the major market players, supporting the completion of numerous new assets in development, residential (Built to Sell and Built to Rent) and commercial.

On August 23rd, 2021, TECMA announced that it received notification from AXA Investment Managers S.A. informing the Company that it exceeded the 5% materiality threshold of the Company's voting share capital. Specifically, the aforesaid shareholder stated that it holds 398,800 shares, representing 5.07% of TECMA's share capital.

On September 21st, 2021, TECMA US Inc. was established based in Miami to serve as the Hub for the Company's projects in the U.S. market.

On October 8th, 2021, the Company's Extraordinary Shareholders' Meeting approved (i) the amendments to Articles 7, 10, 22 and 28 of the Articles of Association, (ii) free capital increase pursuant to Article 2442 of the Italian Civil Code carried out by allocating part of the Share Premium Reserve of the same amount to capital. Following this resolution, the share capital as of December 31st, 2021 amounts to EUR 1,000,000 and is made up of 7,872,400 ordinary shares without nominal value and (iii) a free share capital increase to service the incentive plan known as the "2021-2023 Stock Grant Plan" pursuant to Article 2349 of the Italian Civil Code (for further information, please refer to the press release issued on October 8th, 2021).

On November 29th, 2021, the Company's Shareholders' Meeting resolved to increase the number of Board of Directors members from five to nine, raising the number of Independent Directors in the Company to three. The four new Directors Mirko Tironi and Luca Malighetti (both Senior Partners of Hope SICAF), Valeria Falcone (Managing Director and Head of Europe Value Add Investing of Barings) and Mirja Cartia D'Asero (Head of Real Estate of Guber Banca) with high skills and proven experience in the Real Estate sector, will bring value in thedevelopment of TECMA business.

Business Outlook

The Group will set its sales and marketing strategy to seize the important opportunities in the real estate industry, with particular attention to the foreign market. This strategy will be particularly focused both in the territories already covered by the Group for some time, and in the territories where the Group has invested to expand its commercial reach (US, Germany, France, Switzerland and Spain).

TECMA will continue to enhance the value of its partners' real estate investments both for sale and for rent (Built-to-Sell and Built-to-Rent/rental management). The development on the domestic and international markets, and the start-up of activities in the Office and Retail sectors, as well as the consolidation of the Residential sector, will contribute to the further growth of the Group.

It should also be pointed out that the international health situation and the financial instability following the recent conflict in Ukraine represent a market scenario marked by uncertainty; as a result of these external factors, it is difficult to make accurate economic forecasts.

Proposed delegation of authority to the Board of Directors

The Board of Directors resolved to propose to the next Shareholders' Meeting to delegate, pursuant to Article 2443 of the Italian Civil Code, to the Board of Directors the power to increase the share capital by a maximum of EUR 10,000,000 (including eventual share premium), in one or more tranches, within a maximum period of 5 (five) years from the date of the Shareholders' Meeting resolution granting such power, by means of the issue of maximum number 1,000,000 shares with the same characteristics as the outstanding ones, to be offered with preemptive subscription rights to the Company's shareholders or with limitation or exclusion of the preemptive subscription rights, based on the appropriate assessments that will be carried out, from time to time, by the Board of Directors, and according to the terms, issue price, timeframe, characteristics and conditions set out by the Board; it being understood that, in case of limitation or exclusion of the preemptive subscription rights pursuant to art. 2441, paragraph 5, of the Italian Civil Code, the shares may be offered in whole or in part to parties to be identified by the Board of Directors from among

Italian and foreign investors, industrial and financial, and strategic partners.

Other Resolutions of the Board of Directors

The Board of Directors resolved to propose that the General Meeting of Shareholders use the reserve for retained earnings from previous years to cover the loss of 330,285 euros.