Appointment chairman of the Company and co-option new director

Meeting today, the CAD IT board of directors has:

• appointed Paolo Dal Cortivo as chairman of the Company, in addition to his managing director position

• appointed, by co-option, Cecilia Rossignoli, as CAD IT non-executive director.

The board of directors of CAD IT S.p.A. (www.caditgroup.com), a leading Company in the Italian financial software market and listed in the STAR segment of Borsa Italiana, met today and appointed the managing director Paolo Dal Cortivo as chairman of the board, in replacement of former chairman Giampietro Magnani who recently passed away. During the same meeting, the board also appointed by co-option, in accordance with Article 18 of the company’s by-laws and Article 2386 of the Italian Civil Code, Cecilia Rossignoli as non-executive director, prior favourable opinion of the board of auditors and the nominating and remuneration committee. Cecilia Rossignoli, full professor of business organization at the University of Verona, Department of Business Administration, has experience in the financial and information technology sectors.

As chairman, Paolo Dal Cortivo was given all the powers of ordinary and extraordinary administration, except those reserved by law to the shareholders’ meeting or to the board of directors and those reserved to the exclusive jurisdiction of the board of directors, as listed in Article 19 of the by-laws.

Cecilia Rossignoli will have the role of non-executive director within CAD IT’s board of directors and will not belong to any of the board's internal committees and will remain in office until the next shareholders' meeting. Based on her declaration to the Company, at the date of appointment the new director holds no. 2,000 shares (of which no. 1,000 held by the spouse) in CAD IT’s capital stock, either directly or indirectly.

The curriculum vitae and the declarations submitted by the appointed director Cecilia Rossignoli (related to: (i) the availability to accept the position; (ii) the inexistence of any cause of ineligibility and incompatibility; (iii) the possession of the integrity and professionalism requirements provided for by the laws in force), are available in the Investor Relations section of the Company's website at www.caditgroup.com.

As a consequence of the above-mentioned changes, CAD IT’s board of directors is now composed as follows:

• Paolo Dal Cortivo, chairman and managing director
• Luigi Zanella, vice chairman and managing director
• Giulia Dal Cortivo, managing director
• Maurizio Rizzoli, non-executive director
• Thomas Burkhart, non-executive director
• Cecilia Rossignoli, non-executive director
• Lamberto Lambertini, non-executive independent director
• Alessandra Pedrollo, non-executive independent director
• Gian Paolo Tosoni, non-executive independent director
• Debora Cremasco, non-executive independent director.