El.En.

Share split proposal

El.En. S.p.a., leader on the laser market and listed on the STAR segment of the Italian Stock exchange, is giving notice to its Shareholders that the Board of Directors resolved today an amendment to the agenda of the special Shareholder’s meeting to be held on first call on April 26th, 2016 and if needed on second call on May 12th 2016 at the company’s premises, adding a proposal of shares split to be performed after the payment of the dividend.

The proposed spilt will involve the amendment of the bylaws, with the increase of the total number of shares, leaving unchanged the amount of the Share Capital by splitting the par value of the ordinary shares in circulation without changing their powers. The split was proposed in the 1:4 ratio, and it would increase the number of shares from the current 4.824.368 in circulation up to 19.297.472. If approved by the Shareholders, each 0,52 par value ordinary share would be split in four 0,13 par value ordinary shares , assigning to each Shareholder four newly issued shares for each ordinary share owned. The split aims to enhance the marketability of the shares with respect to the current market value.

Upon approval of the proposal by the Shareholders, the Board of Directors and for it the President will be empowered to define together with Borsa Italiana the reference date of the split.

Being the shares dematerialized, the assignment of new shares will not require any action by the shareholders; the procedure will take place automatically, through the dealers acknowledged within the Monte Titoli S.p.A management system.

N.B. – The text does not bind the staff of LMFInternational. Only the companies, organizations and associations which sign the press release and which are clearly indicated in the title of the text, are responsible for its information and contents.