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Ease2pay announces intended acquisition of Involtum and capital raise to accelerate growth

November 29, 2021

THIS PRESS RELEASE CONTAINS INSIDE INFORMATION FOR IMMEDIATE RELEASE.

Ease2pay entered into an agreement with Involtum shareholders to acquire Involtum

Acquisition of 100% of shares of Involtum Holding B.V. for 10,714,792 to be newly issued shares of Ease2pay

Combination of Ease2pay and Involtum activities in line with growth strategy and represents next step towards EV charging business

Certain existing Ease2pay and Involtum shareholders commitment to subscribe for new shares for an amount of € 6,375,000 to accelerate growth of combined company

Rotterdam, The Netherlands, November 29, 2021 – Ease2pay N.V. (“Ease2pay” or the “Company”) (Euronext Amsterdam: EAS2P), a payment services provider focusing on digital payments for customers and merchants in the mobility sector, today announces that it has entered into an agreement with the shareholders of Involtum Holding B.V. (“Involtum”) to acquire all shares in the share capital of Involtum. Involtum offers an IoT (Internet of Things) smart activation and transaction platform, with integrated billing and payment system focussing on electricity and charging infrastructure and digital payments for shared self-services in harbours, at truck parkings, at camper sites, in marinas and launderettes. Involtum is based in Rotterdam and active throughout Europe with its own labels including Walstroom, NomadPower and AanUit.net. The combined company is well positioned to benefit from significant growth in the mobile payment market and unlock synergies by combining their user bases and leverage their respective technology platforms. Involtum and its team is expected to be fully integrated in the Ease2pay activities and participate in an expanded management team.

Gijs van Lookeren Campagne, member of the management board of Ease2pay commented: I am very pleased to announce the intended acquisition of Involtum. This transaction will make Ease2pay the leading mobile payment platform for shared transport services, benefiting from the upcoming energy transition. NomadPower, Involtum’s truck and cool trailer charging label, is EU market leader and is well positioned to capitalise on the transition towards electric trailer cooling and e-trucks. Thanks to obtained commitments from the management team of both Ease2pay and Involtum, as well as long-term shareholders of Ease2pay, we can pursue our ambitious growth strategy. The proceeds from the capital raise will allow us to invest in the expansion of our joined businesses and leverage our combined platforms. While we work towards closing of this transaction and the integration of our businesses, management continues to look for further sources of funding to support our growth acceleration.

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29.11.2021, 07:00  |  107   |   |   

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Ease2pay announces intended acquisition of Involtum and capital raise to accelerate growth November 29, 2021 THIS PRESS RELEASE CONTAINS INSIDE INFORMATION FOR IMMEDIATE RELEASE. Ease2pay entered into an agreement with Involtum shareholders to acquire Involtum Acquisition of 100% of shares of Involtum Holding B.V. for …

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