Yolo Group

AGM Information • Apr 27, 2023

YOLO

THE ORDINARY SHAREHOLDERS' MEETING APPROVED THE FINANCIAL STATEMENTS AS AT 31 DECEMBER 2022, DECIDED THE ALLOCATION OF THE YEAR'S NET RESULT AND APPOINTED A MEMBER OF THE BOARD OF DIRECTORS FOLLOWING CO-OPTION.

Milan, 27th April, 2023 - The Ordinary Shareholders' Meeting of YOLO Group S.p.A. ("YOLO"), one of the leading players in the Italian insurtech market of digital insurance services and listed on Euronext Growth Milan – Segmento Professionale, held today, under the chairmanship of Simone Ranucci Brandimarte, as indicated in the notice of the meeting published on 12th April 2023, has:

• 1. Unanimously approved the financial statements as at 31 December 2022, paired with the Management Report, the report of the Board of Statutory Auditors and of the Independent Auditors;
• 1. Unanimously approved the Board of Director's proposal to allocate the loss to Euro 1,551,702 to losses carried forward;
• 1. Unanimously appointed Dr. Massimo Tessitore, as an addition to the Board of Directors currently in office. The term of office for Dr. Tessitore will expire with the Directors currently in charge (on the date of approval of the financial statements for the year ending -2024).

The Shareholders Meeting also resolved to give the Board of Directors the power to determine the compensation for Dr. Tessitore. The Director's resume is available at www.yolo-insurance.com under Governance/Board of Directors.

Filing of Documents

The minutes of today's Shareholders' Meeting will be made available to the public, within the terms prescribed by current regulations, at the registered office and in the section of the Company's website (www.yolo-insurance.com) dedicated to this Shareholders' Meeting; as well as on the website of Borsa Italiana www.borsaitaliana.it, section "Shares/Documents."

The press release is available in the Investor/Press Releases section of the website www.yoloinsurance.com.

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YOLO Group, listed on the professional segment of Euronext Growth Milan, is one of the leading players in the Italian insurtech market of digital insurance services that allows on-demand and pay-per-use underwriting of products of major national and international insurance groups. In 2022, YOLO was included in The DIA Community Top 250 ranking, the global selection of the best insurtech startups and won the "Best IPO 2022" award sponsored by Assonext. In 2021, YOLO was awarded Best Insurtech at the Italy Insurance Forum, the initiative promoted by Insurance Club, and was included in the list of 100 insurtech leaders by Forbes Italia. The company's shareholders include its two co-founders (Gianluca De Cobelli and Simone Ranucci Brandimarte), Generali Italia, Intesa Sanpaolo Vita, Neva SGR, Primo Ventures SGR, Be The Change, CRIF, Mansutti, Net Insurance, Miro Venture and Banca di Piacenza. Website: www.yolo-insurance.com

CONTACTS

Investor Relator YOLO Group S.p.A. Roberta Pazzini – Investor Relation Manager Blend Tower, Piazza Quattro Novembre 7, 20124 Milano (MI) investor.relations@yolo-group.com

Media Relations Euronext Growth Advisor Twister communications group EnVent Capital Markets Ltd yolo@twistergroup.it Square – London W1J 5AW

Lucia Saluzzi + 39 347 5536979 Euronext Growth Advisor 42 Berkeley pverna@enventcapitalmarkets.uk