Safilo Group — M&A Activity 2025

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PRESS NOTE

Padua, November 20, 2025 - Safilo Group S.p.A. (“Safilo”), with reference to the statement “Extension of PUSU Deadline” published today by Inspecs Group PLC (“Inspecs”), confirms that it made an initial approach to Inspecs in relation to a potential acquisition of the Eschenbach Group and BoDe businesses of Inspecs, and subsequently made two non-binding possible cash offers to acquire the entire issued and to be issued share capital of Inspecs. These approaches were rejected by Inspecs.

In accordance with the City Code on Takeovers and Mergers (the "Takeover Code”), Safilo confirms that it is continuing to assess its options, including the possibility of making a revised offer to acquire the entire issued and to be issued share capital of Inspecs.

This announcement is not an intention to make an offer and accordingly there can be no certainty that an offer will be made, nor as to the terms on which any such offer might be made, save that the consideration for any such offer would be in the form of cash.

In accordance with Rule 2.6(a) of the Takeover Code, by not later than 5.00 pm London time on 18 December 2025 (being 28 days after today's date), Safilo must either announce an intention to make an offer for Inspecs under Rule 2.7 of the Takeover Code or announce that it does not intend to make an offer for Inspecs, in which case the announcement will be treated as a statement to which Rule 2.8 of the Takeover Code applies. This deadline will only be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Takeover Code.

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For information:

Safilo Group Investor Relations

Barbara Ferrante [email protected] Ph. +39 049 6985766 Mob. +39 335 5753588 https://www.safilogroup.com/en/investors

Safilo Group Press Office Elena Todisco [email protected] Mob. +39 339 1919562

Barabino&Partners S.p.A. Pietro Cavallera [email protected] Ph. +39 02 72023535 Mob. +39 338 9350534

About Safilo Group

Safilo is a global player in the eyewear industry that has been creating, producing, and distributing for over 90 years sunglasses, prescription frames, outdoor eyewear, goggles and helmets. Thanks to a data-driven approach, Safilo goes beyond the traditional boundaries of the eyewear industry: in just one company it brings together Italian design, stylistic, technical and industrial innovation, and state-of-the-art digital platforms, developed in its digital hubs in Padua and Portland, and made available to Opticians and Clients for an unmatched customer experience. Guided by its purpose, See the world at its best, Safilo is leading its Group legacy, founded on innovation and responsibility, onwards towards the future.

With an extensive global presence, Safilo’s business model enables it to monitor its entire production and distribution chain. From research and development in five prestigious design studios, located in Padua, Milan, New York, Hong Kong and Portland, to its company-owned production facilities and network of qualified manufacturing partners, Safilo Group ensures that every product offers the perfect fit and meets high quality standards. Reaching approximately 100,000 selected points of sale worldwide with an extensive wholly owned network of subsidiaries in 40 countries and more than 40 partners in 70 countries, Safilo’s well-established traditional wholesale distribution model, which encompasses eyecare retailers, chains, department stores, specialized retailers, boutiques, duty free shops and sporting goods stores, is complemented by Direct-to-Consumer and Internet pure player sales platforms, in line with the Group’s development strategies.

Safilo Group’s portfolio encompasses home brands - Carrera, Polaroid, Smith, Blenders, Privé Revaux and Seventh Street. The perpetual license Eyewear by David Beckham. Licensed brands include: BOSS, Carolina Herrera, Dsquared2, Etro, Fossil, HUGO, Isabel Marant, Juicy Couture, Kate Spade New York, Kurt Geiger, Levi’s, Liz Claiborne, Love Moschino, Marc Jacobs, Missoni, Moschino, Pierre Cardin, PORTS, Stuart Weitzman, Tommy Hilfiger, Tommy Jeans, Under Armour and Victoria Beckham (brand distributed from January 1, 2026).

The parent company, Safilo Group S.p.A., is listed on the Euronext Milan organized and managed by Borsa Italiana (ISIN code IT0004604762, Bloomberg SFL.IM, Reuters SFLG.MI). In 2024, Safilo Group recorded net revenues for Euro 993.2 million.

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