PRESS RELEASE axélero: Update on the atex Transaction

Milan, 7 September 2017 - axélero S.p.A., Internet Company listed on the AIM Italia market (Ticker: AXEL), with regard to the agreement for the acquisition of atex - communicated to the market on 23 June - informs that, since the parties have failed to find an understanding on some terms for the execution of the contract, they jointly decided not to pursue the closing of the transaction.

More specifically, axélero has deemed opportune to renegotiate the payment terms. This proposal did not find the consent of the seller and consequently both parties decided not to proceed with the completion of the transaction.

axélero also confirms its focus on internationalization and in such regard the Group is considering other development opportunities abroad.

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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. Customers that 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 over 400 digital consultants distributed 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: IT0005069809 http://www.axelero.it/

axélero contacts

Maria Grazia Andali

Chief Communication Officermariagrazia.andali@axelero.it Tel. +39 02 84259800

IR Contacts

Francesca Coccofcocco@lerxiconsulting.comIR@axelero.it

Tel +39 02 84259800

Image Building

Simona Raffaelli, Vanessa Corallino Barbara Pianeseaxelero@imagebuilding.it

Tel +39 02 89011300

NOMAD Contacts Intesa Sanpaolo S.p.A.axelero@popvi.it Tel +39 051 4850992

axélero S.p.A. published this content on 07 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 07 September 2017 17:47:01 UTC.

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