Filed with the Court of Milan the application for the company’s admission to the ‘conditional’ arrangement procedure

algoWatt (the Company, the Issuer), a GreenTech Company listed on the Euronext Milan market of Borsa Italiana, following the press release of 29 December 2023, announces to the Market that it has filed today with the Court of Milan the application for admission of the Company to the procedure of arrangement with creditors “with reserve” pursuant to Articles 44 and 284 of Legislative Decree 12 January 2019, no. 14 ss.mm.ii. The Board of Directors, on behalf of the Chief Executive Officer, proposes to pursue the objective, pursuant to the CCII in force, to file with the Court of Milan an application for admission of the Company to the Issuer’s “going concern” arrangement with creditors with the plan, the attestation of the truthfulness of the data and feasibility and the documentation pursuant to art. 39, paragraphs 1 and 2, CCII; or an application for approval of a debt restructuring agreement accompanied by the plan, the statement of truthfulness of the data and feasibility and the documents referred to in Article 39, paragraph 1, CCII. The Issuer will promptly update the Market of any developments regarding this procedure.