Revo Insurance

AGM Information • Apr 23, 2022

PRESS RELEASE

REVO: THE SHAREHOLDERS' MEETING APPROVES THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AS OF 31st DECEMBER 2021

REINTEGRATION OF THE COMPOSITION OF THE BOARD OF DIRECTORS AND CONFIRMATION OF THE CHAIRWOMAN

Milan, 23rd April 2022

REVO S.p.A. ("REVO" or the "Company") recalls what it has already communicated last March 3rd with reference to the draft Financial Statements and announces that, as of today, it has been held the Company's Shareholders' Meeting which approved REVO's Financial Statements as of 31st December 2021 in accordance with the Board's proposal.

The relevant Financial Statements are published on the website www.revo-spac.com, under the section "Investor Relations/Balancesheets and Relations".

Today's Shareholders' Meeting also appointed Antonia Boccadoro - who was already co-opted during the Board meeting held on 6th April - as Director of the Company. The Board of Directors of the Company held at the end of the Shareholders' Meeting therefore confirmed Dr. Antonia Boccadoro as Chairwoman of the Board of Directors of REVO.

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 e Simone Lazzaro. REVO aims at creating a major insurance player in specialty lines and parametric risks, mainly focused on SMEs. On 30th of november 2021 REVO has completed the acquisition of Elba Assicurazioni S.p.A., an insurance company operating mainly in the surety business. The achievement of the Business Combination with Elba will allow REVO to start from the existing business by aggregating underwriters and MGAs in the specialty lines, also developing the parametric risk segment. REVO will propose itself as a lean player, adopting new technologies like blockchain to optimize the risk underwriting and claims management process

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