BASICNET - The Shareholders’ AGM today:

• approved the 2017 Annual Accounts and the distribution of a dividend of Euro 0.06 per share.  Pay-out ratio 30.8% ^(*).

• voted in favour of the Remuneration Policy of the company as per Article 123-ter of the Consolidated Finance Act;

• authorised the purchase and utilisation of treasury shares;

Turin, April 24, 2018 - The Shareholders’ AGM of BasicNet S.p.A., chaired today by Marco Boglione, approved the 2017 Separate Financial Statements and the distribution of a dividend of Euro 3.3 million, corresponding to Euro 0.06 gross for each outstanding share. The dividend will be paid from May 23, 2018, with record date of May 22, 2018 and coupon date (No. 11) of May 21, 2018.

On the occasion of the AGM, Marco Boglione, Chairman and Founder of BasicNet S.p.A., stated:

“The BasicNet Group has now reached a pinnacle since its foundation in 1994 in terms of the maturity of the business model and the related IT systems. This position extends also to its commercial growth prospects and financial and capital base solidity. The first top management generational changeover, ongoing now for more than three years, is close to completion. The major opportunities now on offer to the Group will be met with the maximal effort, motivation and expertise brought by the new Group of managers.”

The Shareholders’ AGM also:

• approved the Remuneration Report in accordance with Article 123-ter of Legislative Decree 58/98, previously noted and communicated to the market;

• authorised the purchase and utilisation of treasury shares. The buy-back programme permits the purchase of treasury shares for a maximum Euro 3.5 million and a maximum number which, considering shares already held by the Company, does not exceed the statutory limits, for a period running from today’s Shareholders’ AGM until the Shareholders’ Meeting for the approval of the 2018 Annual Accounts. The authorisation for the utilisation of treasury shares is without time limit.

Conclusion of the treasury share buy-back plan authorised by the Shareholders’ AGM of April 27, 2017

With today’s AGM, the treasury share buy-back plan approved by the AGM of April 27, 2017, whose commencement was communicated to the market on the same day, has concluded. Based on this authorisation, the Company acquired 813,682 treasury shares equal to 1.33% of the Share Capital, at an average price of Euro 3.69, for a total investment of Euro 3 million. BasicNet today holds a total of 6,375,979 treasury shares (10.4% of the Share Capital), for a total investment of Euro 15.4 million.

Filing of documentation

The 2017 Separate and Consolidated Financial Statements, in addition to the further documentation required by Article 77 of Consob Resolution No. 11971 of May 14, 1999, were filed at the registered office in Turin, Largo Maurizio Vitale,1, at Borsa Italiana S.p.A. and made available to the public on the website www.basicnet.com, and on the authorised storage website www.1Info.it.

The minutes of the Shareholders’ AGM will be made available to the public through the same means and in accordance with law.

_{(*) percentage of consolidated net profit distributed as dividend}