Yolo Group

Share Issue/Capital Change • Apr 24, 2024

Informazione Regolamentata n. 20264-29-2024	Data/Ora Inizio Diffusione 24 Aprile 2024 20:36:17		Euronext Growth Milan
Societa'	:	YOLO GROUP
Identificativo Informazione Regolamentata	:	189632
Utenza - Referente	:	YOLOGROUPN01 - Francesco Greco
Tipologia	:	REGEM
Data/Ora Ricezione	:	24 Aprile 2024 20:36:17
Data/Ora Inizio Diffusione	:	24 Aprile 2024 20:36:17
Oggetto	:	CONCLUDED THE OFFERING UNDER OPTION OF THE CAPITAL INCREASE
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YOLO

CONCLUDED THE OFFERING UNDER OPTION OF THE CAPITAL INCREASE

• Amount raised during the offering period and commitments received represent a total of Euro 6,3 million, or 79% of the total amount offered
• Exercised option rights for a total amount of Euro 5,6 million, representing 70% of the total amount offered
• The Inopted Rights will be offered on the stock exchange on May 6 and 7, 2024

Milano, 24 April 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, announces that today ended the period for the exercise of option rights, pursuant to Article 2441, paragraph 2, of the Civil Code relating to the rights offering of a maximum of 4,451. 511 newly issued YOLO ordinary shares, with no express par value and having the same characteristics as those outstanding (the "New Shares") resulting from the rights issue approved by the Shareholders' Meeting on March 18, 2024 and whose final terms and conditions were set by the Board of Directors on April 3, 2024 (the"Capital Increase").

During the Rights Offering Period, which began on April 8, 2024 and ended today (the "Offering Period"), n. 6.601.600 valid subscription rights were exercised for the subscription of 3.102.752 New Shares, amounting to 69,7% of the total New Shares offered, for a total countervalue of Euro 5,575,645.36. Commitments amounting to Euro 1,719,400 were fulfilled in connection with the subscription undertakings communicated on 3 April.

The 2.869.700 unexercised option rights during the Offering Period (the "Inopted Rights"), which entitle to the subscription of a maximum of 1.348.759 New Shares, corresponding to 30,3% of the total New Shares offered, for a countervalue of Euro 2.423.719,92, will be offered on the Stock Exchange by YOLO, through MIT SIM S.p.A, pursuant to Article 2441, paragraph 3, of the Italian Civil Code, in the sessions of May 6 and 7, 2024, unless the offer is closed early in the event of a full sale of the Inopted Rights (the "Exchange Offer"). As part of the Exchange Offer, the Inopted Rights will be offered on the Euronext Growth Milan market, organized and managed by Borsa Italiana S.p.A., with ISIN code IT0005591091. In the first session, the entire quantity of the Inopted Rights will be offered, and in subsequent sessions any Inopted Rights not placed in the previous session will be offered.

The Inopted Rights give the right to subscribe for New Shares at a unit price of Euro 1.797, of which Euro 0.01 is to be charged to capital and Euro 1.787 is to be charged to share premium, at a ratio of 47 New Shares for every 100 Inopted Rights purchased.

The exercise of the Inopted Rights purchased under the Market Offer and, consequently, the subscription of the New Shares must be made, under penalty of forfeiture, through the authorized intermediaries participating in the centralized management system of Monte Titoli S.p.A. : (i) by and no later than May 7, 2024, with the same value date, in the event that the Market Offer closes early following the full sale of the Inopted Rights in the session of May 6, 2024, or (ii) by and no later than

May 8, 2024, with the same value date, in the event that the Inopted Rights are not fully sold on May 6, 2024 and the Market Offer closes on May 7, 2024.

The New Shares subscribed by the end of the Market Offering will be credited to the accounts of authorized intermediaries participating in the Monte Titoli S.p.A. centralized management system at the end of the accounting day of the last day of exercise of the Inopted Rights with availability on the same date.

The Company informs that subscription commitments totaling Euro 700,000 remain, representing 8.8% of the total value of the Capital Increase. The New Shares subscribed and the shares underlying these subscription commitments represent a total of 78.5% of the total New Shares offered, with a total countervalue of Euro 6,275,645.36.

Taking into account the preliminary interest received from industrial and financial investors, the Board of Directors, in compliance with current regulations, will place any unopted shares by the deadline of December 31, 2024.

It should be mentioned that the Key Information Document (KID) (in Italian), prepared in accordance with Regulation (EU) No. 1286/2014 and its implementing legislation, will be published on the Company's website regarding the Inopted Rights, which will be offered on Euronext Growth Milan through MIT SIM S.p.A.

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

The 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 SDIR distribution system and the eMarket STORAGE storage mechanism available at managed by Teleborsa S.r.l. - with registered office in Piazza di Priscilla, 4 - Rome.

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YOLO GROUP

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. YOLO won the 'Best IPO 2022' award promoted by Assonext and 'Best Capital Market Transaction' at the MF Insurance Awards 2023. In 2022, it was included in the "State of Insurtech" report prepared by CBInsights among the top exits in Q3 2022 and was included in The DIA Community Top 250 ranking, the global selection of the best insurtech startups. 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 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