PRESS RELEASE – EXTENSION OF THE DEADLINE FOR THE CLOSING OF THE SALE OF ITWAY HELLAS SA AND ITWAY TURKYIE LTD.

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

Ravenna, October 4, 2018 – As partial integration to the press releases dated June 20, 2018 and August 8, 2018, with reference to the signing of the agreement (Share Sales and Purchase Agreement) for the sale of the Itway Hellas SA and Itway Turkyie Ltd subsidiaries to Cyber1 (formerly Cognosec), a company listed on the Nasdaq (COGS OTC-Nasdaq Intl. Designation: CYBNY), please note that it was agreed to further extend the deadline of the closing of the transaction to October 15, 2018.

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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 sector, cloud computing and big data. The group for over 20 years has represented a reference point in terms of solutions and services for digital transformation. Since 2001 Itway has been listed on the STAR segment of Borsa Italiana.  www.itway.com

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