Update to 23/03/2020

To whom it may concern

(Clients, Suppliers, Visitors, Hauliers)

Subject: Corona Virus (SARS-CoV-2 / Covid-19)

As we have already informed You in recent days, the notorious emergency situation caused by the spread of the Corona virus (SARS-CoV-2 / Covid-19), considered by the World Health Organization as an international public health emergency, has forced the Government to adopt a series of measures to protect citizens' health.

The previous decrees, of which we gave You timely notice, were unfortunately not enough to stem the epidemic, so it was necessary to take further measures to contain and manage the epidemiological emergency from Covid-19.

With this in mind, our Government, with the D.P.C.M. March 22^nd 2020, ordered the suspension of all production and commercial activities, with the exception of health and essential ones, throughout the national territory until April 3^rd 2020, allowing companies to complete the activities necessary for the suspension planned on March 25^th 2020.

Despite having taken the necessary precautions to protect the health of its employees and third parties, Franchini Acciai is forced to comply with the aforementioned decree which will suspend the production for approximately nine days starting from 25^thof March 2020.

It is an unprecedented emergency situation and the momentary interruption of the work, imposed by the Government, is determined exclusively by a force majeure, for which we trust on the understanding and solidarity of all Customers and Suppliers.

Franchini Acciai, being the suspension limited exclusively to the production activity, will however continue to operate in a smart-working way, so we remain at Your disposal to provide the clarifications You need and to examine Your every request.

We will keep You updated on the evolution of the situation and on any production releases that the Category Associations are urging.

Yours faithfully

FRANCHINI ACCIAI SpA

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