On 14^th April 2023 Iveco Group (“IVG” or the “Company”) announced the launch of an initial tranche (up to € 55,000,000) of its share buyback programme, with the aim of repurchasing up to 10,000,000 Common Shares with a maximum total allocation of € 130,000,000 for the whole buyback initiative, for a period of 18 months from the date of the AGM held on the same day (“the “AGM”).

The initial tranche of the buyback was completed on 20^th December 2023. Purchases were carried out pursuant to the terms and conditions of the authorisation granted at the AGM, in compliance with all applicable laws and regulations, including the European Commission Regulation (EU) 596/2014 and the Commission Delegated Regulation (EU) 2016/1052. The Company engaged a primary financial institution as the intermediary to manage the purchase of IVG Common Shares on Euronext Milan and on multilateral trading facilities, this entity making its trading decisions independently. Repurchased Common Shares will be used to meet the Company’s obligations under its equity incentive plans, as existing from time to time.