VAM Investments SPAC B : Press Release – Tender Offer Buyback

PRESS RELEASE

Public disclosure of inside information in accordance with article 17(1) of the Regulation (EU) No 596/2014 on market abuse (Market Abuse Regulation).

VAM Investments SPAC B.V. (Incorporated in the Netherlands) (Registration number: 82465207) Share Code: VAM

ISIN: NL0015000G40

Warrant Code: VAMW

ISIN: NL0015000G32

VAM Investments SPAC B.V. announces the preliminary results of its Tender Offer Buyback

Milan, 20 July 2023

Today, VAM Investments SPAC B.V. (the "Company"), a special purpose acquisition company listed on Euronext Amsterdam, announces the preliminary results of its repurchase procedure to allow ordinary shareholders to tender some or all of their ordinary shares for repurchase (the "Tender Offer Buyback").

Based on a preliminary assessment by the Company, 17,937,646 ordinary shares have been tendered for repurchase by the Company under the Tender Offer Buyback. This number represents 85.28% of the Company's issued and outstanding ordinary shares. As stated in its shareholder circular of 9 June 2023 (the "Circular"), it is a condition precedent for participation in the Tender Offer Buyback that ordinary shareholders submit duly completed tax form(s). As the Company is still in the process of assessing the tax forms it has received, it will make a further announcement of the final results of the Tender Offer Buyback in due course.

As detailed in the Circular, repurchase of the ordinary shares tendered under the Tender Offer Buyback is subject to the Company's shareholders approving the extension transaction resolutions (including the extension of the business combination deadline and the Tender Offer Buyback) at the Company's extraordinary general meeting of shareholders scheduled for 21 July 2023 and to the Company's board of directors finally resolving to pursue the extension transaction.

Further information on the extension transaction and the related resolutions is provided in the Circular, which is available on the Company's website at www.vaminvestments-spac.com/investor-relations.

ENQUIRIES

Carlo Di Biagio - [e-mail]- [phone]

IMPORTANT LEGAL INFORMATION

THIS PRESS RELEASE MAY INCLUDE FORWARD-LOOKING STATEMENTS, WHICH ARE BASED ON THE COMPANY'S CURRENT EXPECTATIONS AND PROJECTIONS ABOUT FUTURE EVENTS AND SPEAK ONLY AS OF THE DATE HEREOF. BY THEIR NATURE, FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES, ASSUMPTIONS AND OTHER FACTORS

BECAUSE THEY RELATE TO EVENTS AND DEPEND ON CIRCUMSTANCES THAT WILL OCCUR IN THE FUTURE WHETHER OR NOT OUTSIDE THE CONTROL OF THE COMPANY. SUCH FACTORS MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR DEVELOPMENTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. ACCORDINGLY, NO UNDUE RELIANCE SHOULD BE PLACED ON ANY FORWARD-LOOKING STATEMENTS. THE COMPANY OPERATES IN A RAPIDLY CHANGING ENVIRONMENT. NEW RISKS AND UNCERTAINTIES EMERGE FROM TIME TO TIME, AND IT IS NOT POSSIBLE TO PREDICT ALL RISKS AND UNCERTAINTIES, NOR TO ASSESS THE IMPACT THAT THESE FACTORS WILL HAVE ON THE COMPANY. FORWARD-LOOKING STATEMENTS SPEAK ONLY AS AT THE DATE AT WHICH THEY ARE MADE AND THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE THESE FORWARD-LOOKING STATEMENTS. FURTHER REFERENCE IS MADE TO THE RISKS AND UNCERTAINTIES REFERRED TO IN THE INTERIM FINANCIAL REPORTS.