Revo Insurance

Transaction in Own Shares • Mar 28, 2022

PRESS RELEASE

REVO: TRANSACTIONS ON OWN SHARES

Milan, 28/03/2022.

REVO S.p.A. communicates the transactions on own shares in the period between March 21st and March 25th , 2022 under the program of share buyback approved by the Shareholders' Meeting of May 3 rd , 2021 (already disclosed to the market with the press release issued on March 3 rd , 2022).

The table below reports the details of the transactions on own shares on a daily basis:

Date	Transaction	Quantity	Average Price	Counter Value
21/03/22	Purchase	2.500	8,9800	22.450,00
22/03/22	Purchase	2.900	8,9690	26.010,10
23/03/22	Purchase	2.000	8,9720	17.944,00
24/03/22	Purchase	3.900	9,0000	35.100,00
Total Purchases		11.300	8,9827	101.504,10

REVO currently owns a total of 48.200 own shares, equal to approximately 0,216% of its share capital, including only ordinary shares.

This press release is available at corporate website and at

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 e Specialista Via Turati 9, 20121, Milano Phone: +39 02 62041 e-mail: REVO@equita.eu

Media Relation

Incontra - Studio Cisnetto Enrico Cisnetto / Gianluca Colace / Massimo Pittarello Phone: +39 06 4740739

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REVO (www.REVO-spac.com) is a SpecialPurposeAcquisition 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.