Revo Insurance

M&A Activity • Jul 29, 2022

PRESS RELEASE

REVO: FILING AND REGISTRATION OF THE MERGER PLAN RELATING TO THE REVERSED MERGER OF REVO S.P.A. INTO ELBA ASSICURAZIONI S.P.A.

Milan, 29th July 2022

REVO S.p.A. ("REVO" or the "Company") announces that, as of today, as part of the process relating to the reversed merger of REVO S.p.A. into Elba Assicurazioni S.p.A., the following corporate documents have been filed, pursuant to and for the purposes of Article 2501septies of the Italian Civil Code, at the registered office of the Company at Via Mecenate No. 90, 20138 Milan, as well as published on the Company's website:

• (i) Merger Plan relating to the reversed merger of Revo S.p.A. into Elba Assicurazioni S.p.A;
• (ii) Financial statements of REVO S.p.A. for the year ended 31st December 2021; and
• (iii) Financial statements of Elba Assicurazioni S.p.A. for the past three years and, therefore, for the years ended 31st December 2019, 31st December 2020 and 31st December 2021.

The Merger Plan has also been registered as of today at the Companies' Register of Milan Monza Brianza Lodi pursuant to the effects of Article 2501terof the Italian Civil Code.

This press release is available on the Company's website and at .

NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN

REVO S.p.A.

Parent Undertaking of the "Elba Assicurazioni" Insurance Group filled into Ivass Group register at n. 059 Registered office: Via Mecenate 90, 20138 Milan (Italy) – Corporate headquarter: Viale delle Nazioni 10, 37135 Verona (Italy) Fully paid-in share capital € 23,055,000.00 Fiscal Code and Company Register of Milano Monza Brianza Lodi: number 11653690963 Phone: +39 0458531662

For further information please contact:

Investor Relations Manager Jacopo Tanaglia Phone: +39 045 8531662 e-mail: investor@REVO-spac.com

REVO S.p.A. Equita SIM S.p.A.

Euronext Growth Advisor and Specialist Via Turati 9, 20121, Milan Phone: +39 02 62041 e-mail: REVO@equita.eu

Media Relation

Incontra - Studio Cisnetto Enrico Cisnetto / Gianluca Colace / Massimo Pittarello Phone: 06 – 4740739

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REVO (www.REVO-spac.com) is a Special Purpose Acquisition Company (SPAC) promoted by Alberto Minali, Claudio Costamagna, Stefano Semolini, Jacopo Tanaglia, Simone Lazzaro and Fabio De Ferrari. It is aimed at developing a major insurance operator with a focus on specialty lines and parametric risks, and primarily dedicated to SMEs. On 30 November 2021, REVO completed the acquisition of Elba Assicurazioni S.p.A., an insurance company active mainly in the surety business. The successful achievement of this business combination with Elba allows REVO to start from existing businesses and aggregate subscribers and MGAs within the specialty insurance sector, developing its parametric risks segment. REVO is a lean and technologically advanced player striving to optimize the risk underwriting and claims management processes, making them more efficient also through blockchain technology.

NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN

REVO S.p.A.

Parent Undertaking of the "Elba Assicurazioni" Insurance Group filled into Ivass Group register at n. 059 Registered office: Via Mecenate 90, 20138 Milan (Italy) – Corporate headquarter: Viale delle Nazioni 10, 37135 Verona (Italy) Fully paid-in share capital € 23,055,000.00 Fiscal Code and Company Register of Milano Monza Brianza Lodi: number 11653690963 Phone: +39 0458531662