This press release is for informational purposes only and shall not constitute an offer to purchase or a
solicitation of an offer to sell the Warrants or an offer to sell or a solicitation of an offer to buy any Ordinary Shares in any state in which such offer, solicitation or sale would be unlawful before registration or qualification under the laws
of any such state. The Offer and Consent Solicitation are being made only through the Schedule TO and Prospectus/Offer to Exchange, and the complete terms and conditions of the Offer and Consent Solicitation are set forth in the Schedule TO and
Prospectus/Offer to Exchange.
Holders of the Warrants are urged to read the Schedule TO and Prospectus/Offer to Exchange carefully before making any
decision with respect to the Offer and Consent Solicitation because they contain important information, including the various terms of, and conditions to, the Offer and Consent Solicitation.
None of the Company, any of its management or its board of directors, or the information agent, the exchange agent or the dealer manager makes any
recommendation as to whether or not holders of Warrants should tender Warrants for exchange in the Offer or consent to the Warrant Amendment in the Consent Solicitation.
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About Allego
Allego is a leading provider of electric vehicle charging solutions, dedicated to accelerating the transition to electric mobility with 100% renewable energy.
Allego has developed a comprehensive portfolio of innovative charging infrastructure and proprietary software, including its Allamo and EV Cloud software platforms. With a network of almost 35,000 charging ports (and counting) spanning 15 countries,
Allego delivers independent, reliable, and safe charging solutions, agnostic of vehicle model or network affiliation. Founded in 2013 and publicly listed on the NYSE in 2022, Allego now employs a team of 220 people striving every day to make
charging accessible, sustainable, and enjoyable for all.
Forward-Looking Statements
All statements other than statements of historical facts contained in this press release are forward-looking statements within the meaning of U.S. federal
securities laws, including statements about the expiration date for the Offer and Consent Solicitation. Forward-looking statements may generally be identified by the use of words such as believe, may, will,
estimate, continue, anticipate, intend, expect, should, would, plan,, project, forecast, predict,
potential, seem, seek, future, outlook, target or other similar expressions (or the negative versions of such words or expressions) that predict or indicate future events or
trends or that are not statements of historical matters. These forward-looking statements include, without limitation, Allegos expectations with respect to future performance. These forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ materially, and potentially adversely, from those expressed or implied in the forward-looking statements. Most of these factors are outside Allegos control and are difficult to
predict. Factors that may cause such differences include, but are not limited to: (i) changes adversely affecting Allegos business, (ii) the price and availability of electricity and other energy sources, (iii) the risks
associated with vulnerability to industry downturns and regional or national downturns, (iv) fluctuations in Allegos revenue and operating results, (v) unfavorable conditions or further disruptions in the capital and credit markets,
(vi) Allegos ability to generate cash, service indebtedness and incur additional indebtedness, (vii) competition from existing and new competitors, (viii) the growth of the electric vehicle market, (ix) Allegos
ability to integrate any businesses it may acquire, (x) Allegos ability to recruit and retain experienced personnel, (xi) risks related to legal proceedings or claims, including liability claims, (xii) Allegos dependence
on third-party contractors to provide various services, (xiii) data security breaches or other network outage, (xiv) Allegos ability to obtain additional capital on commercially reasonable terms, (xv) Allegos ability to
remediate its material weaknesses in internal control over financial reporting, (xvi) the impact of COVID-19, including COVID-19 related supply chain disruptions
and expense increases, (xvii) general economic or political conditions, including the Russia/Ukraine conflict or increased trade restrictions between the United States, Russia, China and other countries, and (xviii) other factors detailed
under the section entitled Risk Factors in Allegos filings with the Securities and Exchange Commission. The foregoing list of factors is not exclusive. If any of these risks materialize or Allegos assumptions prove incorrect,
actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Allego presently does not know or that Allego currently believes are immaterial that could also cause actual
results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Allegos expectations, plans or forecasts of future events and views as of the date of this press release. Allego