December 14, 2017 – axélero: Notice of Ordinary and Extraordinary General Meeting of Shareholders

The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States of America, Canada, Japan or Australia or in any other jurisdiction where it is unlawful to publish or distribute this document.

PRESS RELEASE

axélero:

Notice of Ordinary and Extraordinary General Meeting of Shareholders

Milan, 14 December 2017 -axélero S.p.A., Internet Company listed on the AIM Italia market (Ticker: AXEL) announces that the Ordinary and Extraordinary General Meeting of Shareholders has been convened in Milan at the Notary Public firm Zabban Notari Rampolla e Associati in Via Metastasio 5, on 29 December 2017 at 10.00 am on first call and, if necessary, on 30 December 2017 on second call, at the same place and time, to discuss the following agenda:

Ordinary part:

1. Supplementary appointments to the Board of Statutory Auditors pursuant to Article 2401 of the

Italian Civil Code. Resolutions pertaining thereto and resulting therefrom.

Extraordinary part:

• 2. Issue of a convertible bond cum warrant, pursuant to Article 2420-bis, paragraph 1, of the Italian Civil Code, with the exclusion of option rights, pursuant to Article 2441, paragraph 5 of the Italian Civil Code, up to a total maximum amount of € 16,000,000.00, divided into eight tranches - resolutions pertaining thereto and resulting therefrom;

• 3. Share capital increase pursuant to Article 2420-bis, paragraph 2, of the Italian Civil Code, in tranches, with the exclusion of option rights, pursuant to Article 2441, paragraph 5, of the Italian Civil Code, for the conversion of the convertible bond cum warrant, up to a maximum amount of € 16,000,000.00, including the share premium, by issuing ordinary shares - resolutions pertaining thereto and resulting therefrom;

• 4. Issue of warrants to be assigned free of charge to the subscribers of the convertible bond cum warrant and with the exclusion of option rights, pursuant to Article 2441, paragraph 5, of the Italian Civil Code, which will give the bearer the right to subscribe for the Company's ordinary shares - resolutions pertaining thereto and resulting therefrom;

• 5. Share capital increase, in tranches and for consideration, with the exclusion of option rights, pursuant to Article 2441, paragraph 5, of the Italian Civil Code, for the exercise of the warrants,

with share premium, by issuing ordinary shares - resolutions pertaining thereto and resulting therefrom;

6. Resulting amendments to Article 6 of the Bylaws - resolutions pertaining thereto and resulting therefrom.

The purpose of the above transaction is to provide the Company with additional financial resources to be activated if necessary in order to support the future development of axélero.

The notice of call was published inMF / Milano Finanzaon 14 December 2017.

The proxy form for participation in the General Meeting of Shareholders and the documentation regarding the items on the agenda are available at the Company's registered office and atwww.axelero.it/Governance/AssembleaAzionisti.

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axélero S.p.A.,a company established in 2008 and listed on the AIM Italia market since December 2014, is a leading provider of digital marketing solutions for SMEs. The Company's mission is in fact to accelerate the business of small and medium enterprises by providing them with access to digital solutions and services such as those used by big companies in order to unleash their competitive potential.Customersthat choose axélero gain visibility, useful contacts and concrete results for their business. Market-maker approach,innovation and local roots are the characteristics of the Company, which operates through four business units:Smart & Business,offering digital solutions for SMEs and SOHOs with a network of over400 digital consultantsdistributed across the country;Executive,specializing in custom projects for large companies and the Public Administration;Next,focused on developing artificial intelligence-based products that have won the Innovation Award of SMAU and Best Use of Artificial Intelligence in Customer Service;Lab,a corporate venture capital vehicle accelerating startups that develop products and services with high potential for SMEs.

Ticker symbol: AXEL, ISIN Code: IT0005069809http://www.axelero.it/

This publication constitutes neither an offer to sell nor a solicitation to buy or subscribe anysecurities.

The information contained herein is not for distribution, directly or indirectly, in or into the United

States of America (including its territories and possessions of any State of the United States of America or of the District of Columbia) and must not be distributed to U.S. persons (as defined in

Regulation S of the U.S. Securities Act of 1933, as amended ("Securities Act")) or publications with a general circulation in the United States of America or in any jurisdiction where such distribution or publication would be unlawful. This publication is not an offer of securities for sale in the United States of America. No notes have been and will not be registered under the Securities Act and may not be offered or sold in the United States of America absent registration or an exemption from registration under the Securities Act, as amended. axélero S.p.A. does not intend to register anyportion of the offering in the United States of America or to conduct a public offering of the

Securities in the United States of America.

This publication is not an offer of securities for sale in United States of America, Italy, the UnitedKingdom, Canada, Japan or Australia or in any other jurisdiction.