Revo Insurance

Pre-Annual General Meeting Information • Apr 6, 2022

PRESS RELEASE

REVO: ANTONIA BOCCADORO APPOINTED AS CHAIRWOMAN

DOCUMENTS PERTAINING TO THE SHAREHOLDERS' MEETING OF 22-23 APRIL 2022

Milan, 6th April 2022

REVO S.p.A. ("REVO" ) announces that, during the meeting held today, the Board of Directors has co-opted Antonia Boccadoro, already Chairwoman of the subsidiary Elba Assicurazioni S.p.A., as Director of the Company, to provide, following the resignation presented last March 15th by Claudio Costamagna, for the reintegration to 5 members of the Board of Directors of REVO. Simultaneously, the Board appointed Dr. Boccadoro as Chairwoman of REVO's Board of Directors.

Moreover, the Board of Directors - having acknowledged the share capital represented at the Ordinary Shareholders' Meeting convened for today in a single call - resolved to call again the Ordinary Shareholders' Meeting, by convening it in first call for April 22nd, 2022 and, if necessary, in second call for April 23rd, 2022 at 09.00 a.m..

Consequently, the corporate events calendar has been realigned with respect to the version previously communicated on January 28th.

REVO has therefore made available to the public at its registered office and on the website www.revospac.com, under the section "Investor Relations/Shareholders' Meeting/Assembly of April 22-23, 2022", the notice of call of the Ordinary Shareholders' Meeting together with the proxy and subdelegation forms for the voting instructions to be given to the Designated Representative pursuant to art. 135 novies and 135 undecies of the Consolidated Financial Act, the Report on the items on the agenda of the Shareholders' Meeting, as well as, although unchanged, the Financial Statements and

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

the Consolidated Financial Statements.

Lastly, with reference to the item on the agenda of the Ordinary Shareholders' Meeting concerning the "Appointment of a member of the Board of Directors. Related and consequent resolutions", the Operating procedures for submitting lists are published, as well as the Guidelines formulated by the Board of Directors concerning the qualitative composition of the proposed director.

This press release is available on the 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:

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

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