Select financial data concerning the third quarter of 2022 and 9-month period ended September 30, 2022

Substantial revenue growth; restored profitability in Q3 2022 ● 9m Revenues 75.7 mln EUR (+48.2%), thanks to increased SMS volumes and BEE’s growth (+65%) ● Gross Profit 21.6 mln EUR (+23.1%) ● EBITDA 2.8 mln EUR (-20.7%); + 27.6% in Q3 2022 Milan, 8 November, 2021 – The Board of Directors of Growens S.p.A. –ticker GROW (the “Company” or the “Issuer” or “Growens”), a company admitted to trading on Euronext Growth Milan and operating in the cloud marketing technology field, examined today certain consolidated financial data concerning the third quarter of 2022 and 9-month period ended September 30, 2022. 9m consolidated figures show a substantial +48.2% revenue growth (+40.1% organic) at 75.7M EUR vs. 51.1M EUR in the same period of 2021; EBITDA amounts to 2.8M EUR, -20.7% vs. 3.6M EUR in the first nine months of 2021.