EXTENSION OF THE DEADLINE FOR THE CLOSING OF THE SALE OF ITWAY HELLAS SA AND ITWAY TURKYIE LTD

Ravenna, August 8, 2018 – Itway S.p.A. (“Itway”), a company active in the IT sector and listed on the Star segment of Borsa Italiana, pursuant to the press release dated June 20, 2018 regarding the signing of an agreement aimed at the sale of the Itway Hellas SA and Itway Turkyie Ltd subsidiaries to Cyber1 (formerly Cognosec) (COGS OTC-Nasdaq Int’l Designation: CYBNY), announces that it has agreed on an extension of the deadline for the closing of the transaction to September 15, 2018 with the payment of a further Euro 500,000 by August 17, 2018.

*****

Founded in Ravenna on July 4, 1996, Itway S.p.A. is the parent of a group that operates in the IT sector through the planning, production and distribution of technologies and solutions in the cyber security, cloud computing and big data sectors. Since 2001, Itway has been listed on the STAR segment of Borsa Italiana. www.itway.com

CONTACTS: