Notification of share capital changes

MailUp S.p.A. – MAIL (the “Company” or “MailUp”), a company admitted to trading on the multilateral trading facility AIM Italia / Alternative Investment Market and operating in the cloud marketing technology field, hereby notifies that as of July 15, 2019 – following the share capital increase for the purposes of the stock option plan known as “Piano 2016” (the “Plan”), as resolved by the Company’s Board of Directors on 29 March 2016 (for more information please see the press release published on the same date) – 9,880 shares that will have a lock-up period equal to 12 months have been effectively assigned following the exercise of the respective stock options by the Plan’s beneficiaries.

As a result of the implemented share capital increase, the subscribed and paid-up Company share capital will rise from euro 374,029.15 to euro 374,276.15 divided into 14,971,046 ordinary shares with no nominal value.

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