Revo Insurance

AGM Information • Mar 21, 2022

PRESS RELEASE

REVO: DOCUMENTS PERTAINING TO THE SHAREHOLDERS' MEETING OF 6 APRIL 2022

NEW DIRECTORS

Milan, 21st March 2022

REVO S.p.A. ("REVO") announces that it has made available to the public at its registered office and on the Company's website www.revo-spac.com, under the section "Investor Relations/Shareholders General Meetings/General Meeting of 6 April 2022", the notice of call of the Ordinary Shareholders' Meeting - convened in a single call for 6 April 2022 – together with the proxy and sub-delegation forms as well as the voting instructions to be given to the Designated Representative pursuant to art. 135-novies and 135-undecies of the Consolidated Law on Finance, the Report on the items on the agenda of the General Meeting, as well as the Financial Statements and the Consolidated Financial Statements.

Moreover, 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, identifying since this moment, on behalf of the Board, Dr. Antonia Boccadoro as a candidate.

Finally, it is also announced that, on today's date, the Board of Directors also identified the names of 3 directors to reconstitute and integrate to 7 members the Board of the subsidiary Elba Assicurazioni S.p.A..

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Antonia Boccadoro as Chairwoman: graduated in Economics at the University La Sapienza of Rome, she joined the IVASS Research Department in 1985 and then assumed, within the same supervisory authority, responsibility for the Consumer Protection Service and, subsequently, the Prudential Supervision Service and the Intermediaries Supervision Service. Since 2011 she has been the General Secretary of AIBA - the Italian Association of Insurance and Reinsurance Brokers – and, in this capacity, she is a member of the European Federation of Associations of Financial Intermediaries. During the period 2015-2018, she was an independent member of the board of ITAS Assicurazioni.

Ezio Bassi: auditor since 1995, he joined PWC Italy in 1980 focusing his professional experience in the auditing of companies and groups operating in the financial services sector and in M&A advisory. He has gained significant management experience within PWC assuming from 2009 to 2018 the position of Executive Chairman of PWC Italy and Senior Partner of the international network; from 2018 to 2020 he was Chairman of PWC Advisory. He is currently an independent member of the Board of Directors of UniCredit Leasing S.p.A. and Chairman of the Board of Directors of Telepass S.p.A..

Claudio Giraldi: after a degree in Law in Florence and a master in International Relations at John Hopkins University, he began his career at Banca Commerciale Italiana specializing in financial and investment risk management issues that led him to important executive roles in the investment area of leading Italian companies (INA, Fondiaria-Sai). From 2015 to 2019 he was CFO and CIO of Cargeass Assicurazioni. He currently works as a consultant and is an adjunct professor of Corporate Finance at Luiss University in Rome.

The Chief Executive Officer released the following statement, "I am very pleased to be able to welcome Antonia, Ezio and Claudio to the board of directors of Elba Assicurazioni. Their professional expertise, together with their personal attributes, will contribute to the success of our initiative, ensuring from now on an excellent quality of our management body whose responsibilities are linked to the distinctive skills of the individual directors."

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Lastly, it should be noted that, on 31st March 2022, the "REVO 2022-2025 Business Plan: towards the future!" will be presented to the financial community. The event will be held in streaming mode, with the possibility of remote connection, starting at 9.30 a.m., subject to registration on the Company's website www.revo-spac.com, events section.

This press release is available on the website and at .

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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 and Simone Lazzaro. REVO's objective is to create a leading insurance company focused on specialty lines and parametric risks, primarily dedicated to 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 further develope the existing business by aggregating underwriters and MGAs in the specialty lines, also developing the parametric risk segment. REVO will be a lean player, also thanks to the adoption of new technologies like blockchain to optimize the risk underwriting and claims management process.

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