Rai Way S p A : Supplement to the Notice of Call of the Ordinary Shareholders’ Meeting

Registered office in Rome, Via Teulada, no. 66 Share capital Euro 70,176,000.00 fully paid-up

Tax ID, VAT number and Rome Companies' Register no.: 05820021003

Company subject to management and coordination by RAI - Radiotelevisione italiana S.p.A.

SUPPLEMENT TO THE NOTICE OF CALL OF THE ORDINARY SHAREHOLDERS' MEETING

Reference is made to the Ordinary Shareholders' Meeting of Rai Way S.p.A. ("Rai Way" or the "Company") convened, in a single call with notice published on 25 March 2022, for 27 April 2022, at 11:00, at the Company's registered office in Rome, Via Teulada no. 66.

In this regard, it is reported that on March 31, 2022 a communication was received from the shareholder RAI - Radiotelevisione italiana Spa - owner of 64.971 % of the share capital of the Company - whereby it requested, pursuant to Art. 126-bis of Legislative Decree no. 58/1998 (the "Consolidated Law on Finance" or "TUF"), the supplementation of the agenda of the said Shareholders' Meeting with the addition of the following items:

"Appointment of two Directors to supplement the Board of Directors." "Appointment of the Chairman of the Board of Directors."

The following is the agenda of the call notice for the Shareholders' Meeting as supplemented, by resolution of the Board of Directors passed on April 4, 2022, following the request received, with the inclusion of new items no. 6 and no. 7 on the agenda.

The Shareholders' Meeting is therefore convened to resolve on the following:

Agenda

1. Annual financial statements for the year ended 31 December 2021; Report on Operations of the Board of Directors; Report of the Board of Statutory Auditors and Report of the Independent Auditors. Related resolutions.

• 2. Proposal for allocation of profit for the year. Related resolutions.

• 3. Report on remuneration policy and remuneration paid: 3.1 approval of the first section of the Report pursuant to Art. 123-ter, paragraphs 3-bis and 3-ter of Legislative Decree no. 58 of 24 February 1998; 3.2 resolutions related to the second section of the Report pursuant to Art. 123- ter, paragraph 6 of Legislative Decree no. 58 of 24 February 1998.

4. Integration of fees for the audit firm PricewaterhouseCoopers S.p.A. for carrying out the external audit of the accounts for financial years 2021-2022. Related resolutions.

5. Proposal to authorise the purchase and disposal of treasury shares, upon revocation of the purchase authorization and disposal authorization resolved by the Shareholders' Meeting of 27 April 2021. Related resolutions.

• 6. Appointment of two Directors to integrate the Board of Directors.

• 7. Appointment of the Chairman of the Board of Directors.

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DOCUMENTATION

Pursuant to Article 126-bis, paragraph 4 of the TUF:

- RAI - Radiotelevisione Italiana Spa prepared a report containing the reasons for its request to supplement the agenda with the above-mentioned new items;

- the Board of Directors drew up a report containing its own considerations of the same request received from the shareholder.

Both documents are available to the public on today's date at the registered officeof the Company, as well as published on its websitewww.raiway.it(section Governance/Shareholders' Meeting/Ordinary Shareholders' Meeting 2022/Documents) and at the "1Info" storage mechanism (www.1info.it) and in any case by the methods provided for in accordance with the regulations in force, and Shareholders and others entitled to participate in the Shareholders' Meeting are entitled to obtain a copy of it, as provided for in the notice of call of the Shareholders' Meeting.

ITEM 6 ON THE AGENDA

With reference to item 6 of the Agenda, it should be noted that, pursuant to Art. 17.13, last paragraph, of the Company's Bylaws, since it is not a question of appointing the entire Board of Directors, the appointment procedure by list voting does not apply and the Shareholders' Meeting is therefore called upon to resolve by majority vote, with the details specified therein. Further information on this matter is however contained in the specific report prepared by the Board of Directors with its own considerations concerning the integration request received from the shareholder RAI - Radiotelevisione italiana Spa.

MORE INFORMATION - REFERRAL

Please note that on the Company's websitewww.raiway.it(Governance/Shareholders' Meeting/Ordinary Shareholders' Meeting 2022/Notices and Information section) are published on today's date updated versions of both the proxy form for the Sole Representative (Computershare S.p.A.), in the capacity of representative appointed by the Company pursuant to Art. 135-undecies of Legislative Decree no. 58/1998 and of the "ordinary proxy/sub-delegation form" to the Sole Representative (Computershare S.p.A.), for the granting of proxy and/or sub-delegation to the latter pursuant to Art. 135-novies of Legislative Decree no. 58/1998.

Without prejudice to the above, for all further information regarding participation in the meeting proceedings and the exercise of rights, please refer to the text of the notice of meeting published on 25 March 2022 and available (as this notice) on the Company's websitewww.raiway.it(Governance/Shareholders' Meeting/Ordinary Shareholders' Meeting 2022/Notices and information section) and, in extract form, in the newspaper Il Sole 24 Ore, as well as at the authorised storage mechanism "1Info", atwww.1info.it.

on behalf of the Board of Directors

The Chief Executive Officer

Aldo Mancino

This notice is published on April 6, 2022 on the Company's websitewww.raiway.it(under Governance/Shareholders' Meeting/Ordinary Shareholders' Meeting 2022/Notices and information) and in the newspaper Il Sole 24 Ore on the same date.