Yolo Group

Capital/Financing Update • May 31, 2023

Informazione Regolamentata n. 20264-11-2023		Data/Ora Ricezione 31 Maggio 2023 11:13:17	Euronext Growth Milan
Societa'	:	YOLO GROUP
Identificativo Informazione Regolamentata	:	177695
Nome utilizzatore	:	YOLOGROUPN02 - Francesco Greco
Tipologia	:	REGEM
Data/Ora Ricezione	:	31 Maggio 2023 11:13:17
Data/Ora Inizio Diffusione presunta	:	31 Maggio 2023 11:13:19
Oggetto	:	OPENING OF THE SECOND LOAN NAMED "YOLO GROUP CONVERTIBLE 5% 2022-2025"	CONVERSION PERIOD OF THE BOND
Testo del comunicato

Vedi allegato.

YOLO

OPENING OF THE SECOND CONVERSION PERIOD OF THE BOND LOAN NAMED "YOLO GROUP CONVERTIBLE 5% 2022-2025"

Milan, 31st May 2023 - 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 – Professional Segment, announces that on 1 st June 2023 will open the Second Conversion Period of the convertible bond into YOLO ordinary shares named "Yolo Group Convertible 5% 2022-2025" (ISIN code IT0005503856). The Second Conversion Period will close on 30th June 2023.

During the Second Conversion Period, each Bondholder has the right to request conversion of the Convertible Bonds into Conversion Shares (the "Conversion Right") based on the conversion ratio of 1,000 (one thousand) Yolo Group Shares for each bond submitted for conversion ("Conversion Ratio") at the implicit unit price per single share equal to Euro 4.15.

Furthermore, details of the Convertible Bonds still outstanding are provided below:

	N. of Securities Issued	N. of Securities Converted	N. of Outstanding Securities
Convertible Bonds	722	00	722

For more information, please refer to the Regulations of the convertible bond called "Yolo Group Convertible 5% 2022-2025" available on the company's website www.yolo-insurance.com (Investor Relations section).

The press release is available on www.yolo-insurance.com, in the Investor/Press Release section.

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For the transmission and storage of Regulated Information, YOLO Group S.p.A. uses the eMarket and the eMarket STORAGE storage mechanism available at managed by Spafid Connect S.p.A., with registered office at Piazza Priscilla, 4 - Rome.

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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