Public Takeover Bid (OPA)

Terms & Conditions

BEFORE ACCESSING THE INFORMATION AND DOCUMENTS CONTAINED IN THIS SECTION OF THIS WEBSITE, PLEASE READ AND ACCEPT THE FOLLOWING NOTICE.

This section contains information and documents relating to the voluntary full public purchase offer (the “Offer”) concerning the ordinary shares (the “Shares”) of Braga Moro Sistemi di Energia S.p.A. (the “Issuer”) promoted by Power Conversion Holding S.r.l. (the “Offeror”), pursuant to Article 102 of Legislative Decree 58/1998 (“TUF”), as referenced in Article 12 of the Issuer's articles of association.

The Offer is addressed, indiscriminately and on equal terms, to all holders of Shares and will be promoted exclusively on the Italian market, as the Shares are listed exclusively on Euronext Growth Milan, a multilateral trading facility organised and managed by Borsa Italiana S.p.A.

The Offer is not, and will not be, promoted or distributed, directly or indirectly, in the United States, Canada, Japan and Australia, as well as in any other country in which the Offer is not permitted in the absence of authorisation from the competent authorities or other fulfilments (such countries, including the United States, Canada, Japan and Australia, collectively, the “Other Countries”). The Offer is not, and will not be, promoted using national or international communication or commerce instruments of the Other Countries.

The Offer is and will be made by means of publication of the offer document by the Offeror, prepared on a voluntary basis and which will not be examined nor approved by the Commissione Nazionale per le Società e la Borsa (CONSOB) nor by Borsa Italiana S.p.A. (the “Offer Document”). Prior to tendering into the Offer, holders of Shares are recommended to carefully read the Offer documentation published in accordance with applicable law.

The acceptance of the Offer by persons resident in countries other than Italy may be subject to specific obligations or restrictions provided for by legal or regulatory provisions. It is the exclusive responsibility of the recipients of the Offer to comply with such rules and, therefore, before accepting the Offer, to verify their existence and applicability by consulting their own advisors. The Offeror shall not be held responsible for the violation by any person of any of the aforementioned limitations.

This section of the website and the information and documents contained herein do not constitute or form part of any offer to purchase or exchange, nor any solicitation of offers to sell or exchange, financial instruments in any of the Other Countries and are made available for information purposes only and are accessible solely to persons who are not domiciled nor currently located in the Other Countries.

This section of the website and the information and documents contained herein (or copies of such information and documents) may not be sent, nor in any way transmitted, or otherwise distributed, directly or indirectly, in whole or in part, in the Other Countries.

To access this section of the website, the Admission Document and any other information contained in the following pages, I declare under my full responsibility that I am resident in Italy and I am not domiciled nor currently located in the United States of America, Australia, Japan, Canada or the Other Countries and I am not a “U.S. Person” as defined in Regulation S of the United States Securities Act of 1933, as subsequently amended.