Revo Insurance

Declaration of Voting Results & Voting Rights Announcements • Feb 2, 2022

PRESS RELEASE

REVO: RESULTS OF THE ALLOCATION OF ALLOTMENT RIGHTS

Milan, February 2nd, 2021

REVO S.p.A. ("REVO" or the "Company"), following the communication on January 26th related to the free assignment of allotment rights to the n. 22,000,000 ordinary shares of the Company, informs that, n. 8,799,989 of allotment rights were assigned as a result of the assignment of n. 4 (four) rights (ISIN IT0005444911) for every 10 (ten) shares (ISIN IT0005444259) owned.

To date, therefore, the total number of allotment rights is equal to n. 11,599,989, also including the rights already assigned during the Subscription Offer phase and the conversion phase of Class B shares into ordinary shares.

On the Company's website, in the Corporate Governance/Corporate Documents section, is available the KID - Key Information Document regarding the allotment rights.

For the sake of completeness, it is noted that, as a result of the aforementioned allocation of allotment rights, the Company's share capital did not change.

The following tables summarise the share capital and the allocation rights before and after the abovementioned allocation:

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

REVO S.p.A.

Situation before allocation of rights to the 22,000,000 ordinary shares:

share capital	ordinary shares	special shares	allotment rights
Euro 23,055,000.00	22,300,000 (*)	710,000	2,800,000 (**)

(*) upon completion of the conversion of 300,000 Class B shares into ordinary shares effective 1 December 2021 (see press release on 30th November 2021).

(**) of which 2,200,000 rights assigned during the Subscription Offer and 600,000 rights assigned during the conversion of Class B shares into ordinary shares, carried out on 1st December 2021.

Situation after allocation of rights to the 22,000,000 ordinary shares:

share capital	ordinary shares	special shares	allotment rights
Euro 23,055,000.00	22,300,000	710,000	11,599,989 (*)

(*) total number of rights as of today.

This press release is available on the websites www.revo-spac.com and

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

REVO S.p.A.

Parentundertaking of "Elba Assicurazioni" insurance group, filled into Ivass Group Register at n. 059 Registered office: via Mecenate 90, 20138, Milan – Corporate headquarter: Viale delle Nazioni 10, 37135 Verona Fully paid‐in share capital € 23,055,000.00 Fiscal Code and Company register of Milano Monza Brianza Lodi: number 11653690963 – Telephone: +39 0458531662 PEC: revo‐spac@legalmail.it

For further information, please contact:

Investor Relations Manager Jacopo Tanaglia Tel. 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 Tel.: 02 62041 e-mail: revo@equita.eu

Media Relation

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

* * *

REVO (www.revo-spac.com) is a Special Purpose Acquisition Company (SPAC) founded by Alberto Minali, Claudio Costamagna, Stefano Semolini, Simone Lazzaro and Jacopo Tanaglia. REVO's objective is to create a leading insurance company focused on specialty lines and parametric risk covers, primarily dedicated to SMEs. Thanks to the Business Combination with Elba Assicurazioni, REVO will engage the first teams of underwriters and MGAs in the specialty lines segment and set up the development of the parametric business. REVO will have a lean structure and will employ cutting-edge technology to optimize and streamline both underwriting and claims management processes, including via the use of blockchain-based technology.

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

REVO S.p.A.

Parentundertaking of "Elba Assicurazioni" insurance group, filled into Ivass Group Register at n. 059 Registered office: via Mecenate 90, 20138, Milan – Corporate headquarter: Viale delle Nazioni 10, 37135 Verona Fully paid‐in share capital € 23,055,000.00 Fiscal Code and Company register of Milano Monza Brianza Lodi: number 11653690963 – Telephone: +39 0458531662 PEC: revo‐spac@legalmail.it