Askoll Eva : July 28 - New € 1,5 million order from sharing mobility

PRESS RELEASE

NEW 1.5 MILLION EURO ORDER FOR 500 SCOOTERS

Dueville (VI), July 27, 2021 - Askoll EVA S.p.A., a company that operates in the sustainable mobility market by developing, producing and marketing e-bikes and e-scooters, as well as kits and components in the area of electric motors and batteries, announces having received a new order for 500 scooters for a European scooter sharing project, for a total value of € 1.5 million.

The agreement provides for the supply of Askoll eS2 Sharing scooters by November 2021.

Chief Executive Officer Gian Franco Nanni stated: "Four months after a previous order for 2,000 scooters for sharing with a total value of € 6.35 million, this further order represents a positive signal because it shows how the scooter sharing market is gradually resuming investing after the uncertainties of last year linked to the Covid-19pandemic. We at Askoll EVA are ready to seize all the opportunities that will arise, also thanks to a renewed push by the European institutions through the PNRR, and also thanks to a competitive leadership position compared to other companies being among the pioneers of electric mobility sector ".

Askoll EVA S.p.A.

Via Industria, 30

36031 Dueville (VI)

Gian Franco [e-mail]. [phone]

Fax [phone]

NOMAD

Banca Finnat Euramerica S.p.A. Piazza del Gesù, 49 | 00186 Roma Dott. Mario Artigliere

Tel. [phone]

[e-mail]

SPECIALIST AND CORPORATE BROKER

Piazza del Gesù, 49 | 00186 Roma Dott. Lorenzo Scimia

Tel: [phone]

[e-mail]

INSTITUTIONAL PRESS OFFICE - CDR COMMUNICATION

Angelo Brunello [e-mail]

M. [phone]

Martina Zuccherini - [e-mail]

M. [phone]

This press release is prepared for information purposes only. It does not constitute an offer to the public or an invitation to subscribe or purchase financial instruments in Italy or in any other country where such offer or solicitation would be subject to restrictions or authorization by of local authorities or in any case prohibited by law. This press release may not be published, distributed or transmitted in the United States, Canada, Australia or Japan. The shares mentioned in this press release may not be offered or sold either in Italy, the United States or in any other jurisdiction without registration under the applicable provisions or an exemption from the obligation to register under the applicable provisions. The shares mentioned in this press release have not been and will not be registered under the US Securities Act of 1933 or under the applicable provisions in Italy, Australia, Canada, Japan or in any other jurisdiction. There will be no public offering of the Company's shares either in Italy, the United States, Australia, Canada or Japan or elsewhere.

Askoll EVA S.p.A., Via Industria, 30, 36031 Dueville, Vicenza - Italy - tel. [phone] fax [phone] [e-mail] Capitale sociale sottoscritto € 18.907.550 i.v.; C.F. e IVA 03873430247 R.e.a. VI - 361185 Reg. Imprese Vicenza N. 03873430547

www.askollelectric.com