VARO’S TWIN ENGINE GROWTH STRATEGY

Zug, Switzerland – 5^th July 2022 VARO ENERGY (“VARO”) today announces a new strategy to become the partner of choice for customers in the energy transition by providing the sustainable and reliable energy solutions that they need to reach Net Zero. VARO has also announced today its own commitment to become Net Zero by 2040.

Taaleri's associated company Fintoil signed a significant offtake agreement with Swiss VARO Energy

Zug, Switzerland, 14^th June 2022 - Taaleri's associated company Fintoil has signed a significant offtake agreement with the Swiss company VARO Energy (“VARO”).

Zug, Switzerland, May 4, 2022 - VARO Energy Group ("VARO"), a leading European energy transition company, is pleased to announce the appointment of Jeremy Baines to the newly created position of Executive Vice President – Customers, Trading and Commercial Optimisation, effective August 15, 2022. Mr.Baines is currently President of Neste US, Inc., based in Houston. He has served Neste in senior positions in general management, trading, sales and customer origination, marketing as well as business development over the past 20 years in Houston, London and Geneva. He started his career as an LPG trader in both London and Brussels.