Comunicazioni relative a partecipazioni rilevanti 2025-11-13 - CONSOB AND ITS ACTIVITIES

Listed companies - Major shareholdings

DECLARATIONS OF MAJOR SHAREHOLDINGS
PURSUANT TO ARTICLE 120 OF LEGISLATIVE DECREE NO.58/98

PUBLISHED ON 13/11/2025

HOLDINGS IN SHARES
DATE OF TRANSACTION	DECLARANT OR SUBJECT AT THE TOP OF INVESTMENT CHAIN	INVESTEE COMPANY	PERCENTAGE AND DEED OF POSSESSION	DIRECT SHAREHOLDER	PREVIOUS SITUATION
07/11/2025	DWS INVESTMENT GMBH	AVIO SPA	4.285%		06/11/2025 5.085%
10/11/2025	DWS INVESTMENT GMBH	AVIO SPA	5.257% GESTIONE DISCREZIONALE DEL RISPARMIO
11/11/2025	DWS INVESTMENT GMBH	AVIO SPA	4.838%		10/11/2025 5.257%
07/11/2025	BERGAMINO ANDREA	E.P.H. SPA	4.276%		18/06/2025 5.009%
07/11/2025	BLACKROCK INC.	SNAM SPA	5.011% -INDIRETTA GESTIONE NON DISCREZIONALE DEL RISPARMIO	0.002% BLACKROCK ASSET MANAGEMENT NORTH ASIA LIMITED 0.142% BLACKROCK ASSET MANAGEMENT CANADA LIMITED 0.001% APERIO GROUP LLC 0.071% BLACKROCK JAPAN CO LTD 0.012% BlackRock (Singapore) Limited 1.031% BlackRock Advisors (UK) Limited 0.851% BlackRock Institutional Trust Company. National Association 0.036% BlackRock Financial Management. Inc. 0.051% BLACKROCK INVESTMENT MANAGEMENT (AUSTRALIA) LIMITED 0.130% BlackRock Investment Management. LLC 0.474% BlackRock Investment Management (UK) Limited 0.538% BLACKROCK ASSET MANAGEMENT DEUTSCHLAND AG 0.042% BLACKROCK ADVISORS LLC 1.625% BLACKROCK FUND ADVISORS ** 0.005% BLACKROCK (NETHERLANDS) B.V.
10/11/2025	BLACKROCK INC.	SNAM SPA	4.990%		07/11/2025 5.011%
07/11/2025 [1]	INTESA SANPAOLO SPA	WEBUILD SPA	3.021% -DIRETTA PROPRIETA' PEGNO
[1] COMUNICAZIONE EFFETTUATA A SEGUITO DELLA RIDUZIONE DELL'AMMONTARE COMPLESSIVO DEI DIRITTI DI VOTO RELATIVI AL CAPITALE SOCIALE DI WEBUILD SPA, RESA NOTA DALL'EMITTENTE CON COMUNICATO DEL 07/11/2025, PER EFFETTO DELLA CANCELLAZIONE DELLA MAGGIORAZIONE DEL VOTO RELATIVAMENTE A 14.638.759 AZIONI ORDINARIE.

INVESTMENTS IN FINANCIAL INSTRUMENTS AND AGGREGATE INVESTMENTS
DATE OF TRANSACTION	DECLARANT OR SUBJECT AT THE TOP OF INVESTMENT CHAIN	INVESTEE COMPANY	PERCENTAGE AND TYPE OF POSSESSION	INVESTMENT DETAILS			PREVIOUS SITUATION Aggregate (A) In Financial Instruments (B)
DATE OF TRANSACTION	DECLARANT OR SUBJECT AT THE TOP OF INVESTMENT CHAIN	INVESTEE COMPANY	PERCENTAGE AND TYPE OF POSSESSION	Voting rights relative to shares	Potential investment (1)	Other long positions with physical settlement (2) and settlement in cash (3)
05/11/2025 [1]	BARCLAYS PLC	AVIO SPA	0.000%				10/10/2025 a)5.501% b)3.901%
05/11/2025 [1]
07/11/2025	BARCLAYS PLC	AVIO SPA	5.012% - INDIRETTA (*)	1.220%		3.703% (2) 0.090% (3)
07/11/2025	(*) Partecipazione detenuta tramite le societa' controllate Barclays Capital Securities Limited e Barclays Bank PLC. (2) "Right to recall" senza data di scadenza. (3) "Portfolio Swap" con data di scadenza compresa il 29/04/2027; Contract for Difference senza data di scadenza.
[1] IL DICHIARANTE HA COMUNICATO DI AVER RIDOTTO LA PROPRIA PARTECIPAZIONE AL DI SOTTO DELLA SOGLIA DEL 5% E DI AVVALERSI DELL'ESENZIONE PREVISTA DALL'ART. 119-BIS, COMMA 4 DEL REGOLAMENTO EMITTENTI.