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Annual General Shareholders' Meeting of Natuzzi S.p.A.

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  • APPROVED 2018 FINANCIAL STATEMENTS
  • APPOINTED THE COMPANY'S EXTERNAL AUDITORS AND BOARD OF STATUTORY
    AUDITORS BOTH FOR THE THREE-YEAR PERIOD FROM 2019 THROUGH 2021

NATUZZI FILED ITS ANNUAL REPORT ON FORM 20-F WITH THE SEC

Natuzzi S.p.A. (NYSE:NTZ) (the "Company") announced today that it held
its annual general shareholders' meeting on April 29, 2019 (the "Annual
General Meeting"), at which it approved the Company's financial
statements for the fiscal year ended December 31, 2018 and acknowledged
the presentation of the 2018 consolidated financial statements of the
Natuzzi Group.

At the Annual General Meeting, the shareholders appointed the following
individuals to the board of statutory auditors for a three-year term:
Mr. Giuseppe Pio Macario as chairman of the board, Mr. Francesco
Campobasso and Mr. Andrea Venturelli as members of the board, and Mr.
Aurelio Franco Colasanto and Mr. Vito Passalacqua as alternates.

In addition, at the Annual General Meeting the shareholders appointed
KPMG as the Company's principal independent registered public auditor
for fiscal years 2019, 2020 and 2021.

Item 5 of the agenda at the Annual General Meeting contemplated an
ADR/share buyback program, proposed by the Company's Board of Directors,
which would have created a share-based incentive plan reserved for
certain employees and directors of the Natuzzi Group. The Company's
shareholders, while appreciating the proposal, suggested instead
considering other tools that can be implemented more easily. As a
result, the planned Extraordinary Shareholders' Meeting, which had only
one item on the agenda—Capital increase to fund a share-based
incentive plan reserved for certain employees and directors of the
Company and other companies within the Natuzzi Group
—was not held.

The Company also announced that today it filed its annual report on Form
20-F (the "Form 20-F") for the fiscal year ended on December 31, 2018
with the Securities and Exchange Commission. The Form 20-F is available
on the Company's website www.natuzzi.com
within the Investor Relations page (http://natuzzigroup.com/en-EN/ir/investors.html)
under the "SEC Filings" section.

The Company's shareholders can request a hard copy of the Form 20-F,
which includes the audited consolidated financial statements, free of
charge by contacting the Company at investor_relations@natuzzi.com.

_______________________________________________________________________________

CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS

Certain statements set forth in this press release constitute
forward-looking statements within the meaning of the safe harbor
provisions of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. These
statements involve risks and uncertainties that could cause the
Company's actual results to differ materially from those stated or
implied by such forward-looking statements. More information about the
potential factors that could affect the Company's business and financial
results is included in the Company's filings with the Securities and
Exchange Commission, including the Company's most recent Annual Report
on Form 20-F. The Company undertakes no obligation to update any of the
forward-looking statements after the date of this press release.

About Natuzzi S.p.A.

Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. is Italy's largest
furniture house and one of the most important global players in the
furniture industry with an extensive manufacturing footprint and a
global retail network. Natuzzi is the European lifestyle best-known
brand in the upholstered furnishings sector worldwide (Brand Awareness
Monitoring Report - Ipsos 2018) and has been listed on the New York
Stock Exchange since May 13, 1993. Always committed to social
responsibility and environmental sustainability, Natuzzi S.p.A. is ISO
9001 and 14001 certified (Quality and Environment), OHSAS 18001
certified (Safety on the Workplace) and FSC® certified
(Forest Stewardship Council).

https://www.natuzzigroup.com/en-EN/ir/presentation.html

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