April 7, 2022

Preface
From November 2021, eMagine BV will be listed on the NPEX. We are currently in the final phase of the emission. The amount raised will be spent on further product development, development of marketing & sales and the organization for the Nazza brand in particular (Nazza NV and Billing House BV are both 100% subsidiaries of eMagine Reality BV). Until now, Nazza has been a project-driven organization. Over the past years, a SaaS platform for mobility services has been built. In combination with a Mobile App, vehicle sharing (bicycles, cars, scooters) is made possible. In the coming years, subscriptions to this SaaS service will be sold to providers of sharing services. Through this update we inform you, our important stakeholders, about the progress of Nazza's change from product to service driven company.

Outlook
In summary, it can be stated that after the business market has reopened, the demand for sharing services is increasing. This demand will continue to grow in the coming years under the influence of the changing demand for mobility, fewer trips to the office, more sustainable and more flexible travel. Nazza has developed a range of services with its platform that can meet this demand. Especially in the last six months, sales and distribution partnerships have been entered into that can also sell these services on the market.

In the short term for the remainder of 2022, Nazza predicts a further increase in sales and associated (recurring) subscription revenue. The turnover expectation is around EUR 2.000.000. This turnover is not expected to lead to a positive EBITDA in 2021, given the further investments in marketing and sales as well as further development of the Mobility Platform.

For 2023 and beyond, demand is expected to grow faster. The necessary investments have then been made, and it is expected that a positive EBITDA will be achieved in 2023. This of course depends on macroeconomic and other external circumstances, including the COVID situation and the war in Ukraine. In the current scenario, we expect that these factors will not have a dominant, but at most a slowing, influence on the growth outlined. The recent commercial successes strengthen the management's confidence in the future. The demand for Nazza services is clearly increasing and is in a growing market. Nazza is well positioned to benefit from this growth.

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