Yolo Group

Share Issue/Capital Change • May 8, 2024

Informazione Regolamentata n. 20264-38-2024		Data/Ora Inizio Diffusione 8 Maggio 2024 18:25:39	Euronext Growth Milan
Societa'	:	YOLO GROUP
Identificativo Informazione Regolamentata	:	190272
Utenza - Referente	:	YOLOGROUPN01 - Francesco Greco
Tipologia	:	REGEM
Data/Ora Ricezione	:	8 Maggio 2024 18:25:39
Data/Ora Inizio Diffusione	:	8 Maggio 2024 18:25:39
Oggetto	:	SUCCESSFULLY CONCLUSION OF THE CAPITAL INCREASE FOR A TOTAL OF EURO 7 MILLION EQUAL TO 88% OF THE MAXIMUM AMOUNT EXPECTED

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YOLO

SUCCESSFULLY CONCLUSION OF THE CAPITAL INCREASE FOR A TOTAL OF EURO 7 MILLION EQUAL TO 88% OF THE MAXIMUM AMOUNT EXPECTED

Milan, 8 May 2024 – YOLO Group S.p.A. ("YOLO" or the "Company") one of the leading operators in the Italian insurtech market of digital insurance services listed on Euronext Growth Milan, following the press releases issued on 30 April and 7 May 2024, announces that the capital increase approved by the Shareholders' Meeting on 18 March 2024 and whose final terms and conditions were set by the Board of Directors on 3 April 2024 (the "Capital Increase") was successfully concluded with the subscription of no. 3.899.363 newly issued ordinary shares of YOLO (the "New Shares"), for a consideration (including share premium) of Euro 7.007.155,32.

On today's date, no 796.611 New Shares were subscribed for a total amount (including share premium) of Euro 1.431.509,96 either through the subscription of rights or unopted shares.

In consideration of the conclusion of the subscription period of the option rights, the subscribed and paid-up share capital of YOLO is equal to Euro 126.486,63 and is divided into no. 12.648.663 ordinary shares with no indication of par value. The certificate of the full subscription of the Capital Increase shall be filed, according to the procedures and within the terms provided by law, by YOLO with the Company Register of Milan.

The capital increase has encountered not only significant participation from some of the Company's major shareholders, but also strong interest from additional new strategic investors (such as by way of example IBL Banca, ARAG, Reale Mutua, Sara Assicurazioni, and Smart4Tech, the technology vertical of the Smart Capital Group) who have participated in the capital increase. Interlocutions are also still underway with some potential strategic partners aimed at placing the remaining shares over the maximum amount of the planned capital increase.

In the Capital Increase YOLO is assisted by EnVent Italia SIM S.p.A. (Global Coordinator), by Sella Investment Banking (Financial Advisor) and by ADVANT Nctm (Legal Advisors).

This press release is available in the Investor/Press Release section of www.yolo-insurance.com.

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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 Teleborsa S.r.l. - based in Piazza di Priscilla, 4 - Rome.

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YOLO Group is an insurtech company, among the leading ones in Italy and with a presence abroad, with two lines of offerings: services to enable digital distribution of insurance products from insurance companies, banks, and retailers (e.g., utilities and large retailers); direct distribution of insurance products made in collaboration with companies.

Since its establishment at the end of 2017, YOLO has developed 56 partnerships in Italy and abroad to enable digital insurance offerings.

In direct distribution, YOLO has adopted a hybrid (so-called phygital) model, combining digital and physical channels. In 2022, it launched Yolo Insurance Network (YIN), a platform that enables smaller insurance agencies and brokers to integrate digital into the physical management and distribution model. YIN has 450 brokers signed up.

YOLO has been listed since 2022 in the ordinary segment of Euronext Growth Milan. The shareholder base, in addition to the two co-founders (Gianluca De Cobelli and Simone Ranucci Brandimarte), includes 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

YOLO GROUP

CONTACTS

Investor Relations Francesco Grieco investor.relations@yolo-group.com

Media Relations

Twister communications group Lucia Saluzzi + 39 347 5536979 Emilio Miosi + 39 338 6546410 yolo@twistergroup.it

Euronext Growth Advisor EnVent Italia SIM S.p.A Paolo Verna pverna@envent.it

Fine Comunicato n.20264-38-2024	Numero di Pagine: 4