Revo Insurance

M&A Activity • Jul 15, 2021

PRESS RELEASE

Milan, 15th July 2021

REVO S.p.A. ("REVO") informs that, given its nature of Special Purpose Acquisition Company, in accordance with its corporate purpose, it is carrying out evaluations and analysis to identify a target company for the completion of the Business Combination.

It should be noted that the Board of Directors, to date, has not taken any resolution in this regard, just as no exclusive or binding negotiation agreement has been stipulated for the execution of a Business Combination.

The Company will promptly inform the market of any agreement that may subsequently be stipulated.

This press release is published, according to legislation and practices on the subject, also in relation to the rumours released today by the press.

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

For more information please contact the following:

Investor Relations Manager Jacopo Tanaglia Tel. 045 - 8531662 e-mail: investor@revo-spac.com

REVO S.p.A. Equita SIM S.p.A.

NomAd 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

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REVO (www.revo-spac.com) is a Special Purpose Acquisition Company (SPAC) promoted 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 risks cover, primarily dedicated to SMEs. Achieving a Business Combination with a European player in this segment will enable REVO to start integrating a number of underwriters and MGAs in the specialty lines segment and developing 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 technologies.