VAM Investments SPAC B.V.

Board/Management Information • Sep 7, 2021

PRESS RELEASE

VAM Investments SPAC B.V. (Incorporated in the Netherlands) (Registration number: 82465207) Share Code: VAM ISIN: NL0015000G40 Warrant Code: VAMW ISIN: NL0015000G32

VAM Investments SPAC B.V.: announcement

Milan, 27 August 2021

VAM Investments SPAC B.V. (the "Company") announces that for reasons connected to his health, Executive Chairman Francesco Trapani has informed the Board that he is taking a temporary leave of absence from his role on the board of directors effective today through the end of 2021. During this period, the Company nevertheless expects to continue to draw upon Francesco's business judgement and market insights as it considers potential business combination targets and to benefit from his extensive network of contacts.

The Company's full origination and execution capabilities, which leverage the VAM deal execution platform, will continue to be led by its CEO, Marco Piana, and its CFO, Carlo Di Biagio, and to benefit from the strength and depth of its board of directors. Non-executive directors Tom Walker, with more than 20 years of high-profile private equity experience in consumer goods, René Abate, with more than 40 years of experience in strategy and business, and Beatrice Ballini, with more than 35 years of experience in finance, business and human resources, have all agreed to devote to the Company any amount of time as may be required for the Company to successfully achieve its business objectives.

ENQUIRIES

Image Building (Media Inquiries) +39 02 890 113 00 Carlo Di Biagio – CFO/Investor relations carlo.dibiagio@vaminvestments-spac.com

IMPORTANT LEGAL INFORMATION

ELEMENTS OF THIS PRESS RELEASE CONTAIN OR MAY CONTAIN INFORMATION ABOUT VAM INVESTMENTS SPAC B.V. WITHIN THE MEANING OF ARTICLE 7(1) OF EU REGULATION NO 596/2014.

THIS PRESS RELEASE MAY INCLUDE FORWARD-LOOKING STATEMENTS, WHICH ARE BASED ON THE COMPANY'S CURRENT EXPECTATIONS AND PROJECTIONS ABOUT FUTURE EVENTS AND SPEAK ONLY AS OF THE DATE HEREOF. BY THEIR NATURE, FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES, ASSUMPTIONS AND OTHER FACTORS BECAUSE THEY RELATE TO EVENTS AND DEPEND ON CIRCUMSTANCES THAT WILL OCCUR IN THE FUTURE WHETHER OR NOT OUTSIDE THE CONTROL OF THE COMPANY. SUCH FACTORS MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR DEVELOPMENTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. ACCORDINGLY, NO UNDUE RELIANCE SHOULD BE PLACED ON ANY FORWARD-LOOKING STATEMENTS. THE COMPANY OPERATES IN A RAPIDLY CHANGING ENVIRONMENT. NEW RISKS AND UNCERTAINTIES EMERGE FROM TIME TO TIME, AND IT IS NOT POSSIBLE TO PREDICT ALL RISKS AND UNCERTAINTIES, NOR TO ASSESS THE IMPACT THAT THESE FACTORS WILL HAVE ON THE COMPANY. FORWARD-LOOKING STATEMENTS SPEAK ONLY AS AT THE DATE AT WHICH THEY ARE MADE AND THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE THESE FORWARD-LOOKING STATEMENTS