NEW YORK, November 15, 2022–(BUSINESS WIRE)–Shapeways Holdings, Inc. (NYSE: SHPW) (“Shapeways” or the “Company”), an industry leader in large-scale and rapidly growing digital manufacturing, today announced oday that on November 15, 2022 (the “Grant Date”), the Compensation and Human Capital Committee of the Board of Directors of Shapeways (the “Committee”) granted Alberto Recchi 880,000 restricted stock units (“RSU”), comprising (i) an employment incentive bonus consisting of 492,957 PSUs under the Company’s 2022 New Employee Stock Ownership Incentive Plan (the “Incentive Plan”) and (ii) 387,043 PSUs under the Company’s 2021 Stock Incentive Plan. As previously announced, Mr. Recchi has been appointed as the Company’s new Chief Financial Officer, effective October 1, 2022. Mr. Recchi’s RSUs will vest over four years, with 25% of RSUs becoming vested on the first anniversary of the start date. Mr. Recchi’s employment license and 6.25% of the RSUs will vest quarterly thereafter, subject to early vesting pursuant to a change of control.

In addition, at the grant date, the committee awarded a total of 1,357,143 RSUs to 17 newly hired non-executive employees under the incentive plan. Each of these RSU awards will vest over four years, with 25% of each RSU award vesting on the first anniversary of each employee’s employment start date and 6.25% of each RSU award vesting quarterly. thereafter, subject to the continued service of new employees. relationship with Shapeways until the applicable acquisition dates.

RSUs granted to non-executive employees and to Mr. Recchi are subject to the terms and conditions of the applicable award agreements covering such awards and the applicable stock incentive plan. The RSUs granted to non-management employees and to Mr. Recchi under the incentive plan were granted as employment incentive awards pursuant to rule 303A.08 of the NYSE Listed Company Manual Rule 303A .08.

About Shapeways

Shapeways is a leader in the vast and rapidly growing digital manufacturing industry, combining flexible, high-quality on-demand manufacturing powered by purpose-built proprietary software that enables customers to quickly turn digital designs into physical products. , in the whole world. Shapeways makes industrial-grade additive manufacturing accessible by fully digitizing the end-to-end manufacturing process and providing a wide range of solutions using 11 additive manufacturing technologies and approximately 100 materials and finishes, with the ability to easily adapt new ones. innovations. To date, Shapeways has shipped over 23 million parts to 1 million customers in over 180 countries. To learn more, please visit https://www.shapeways.com.

Special note regarding forward-looking statements

Certain statements included in this press release are not historical facts and are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally accompanied by words such as “believe,” “can”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “should”, “should”, “plan” , “predicted”, “potential”. seem’, ‘seek’, ‘future’, ‘prospects’ and similar expressions which predict or indicate future events or trends or which are not statements of historical matters. All statements, other than statements of present or historical facts included in this press release, regarding the Company’s strategy, future operations, the impact of recent acquisitions, prospects and prospects are forward-looking statements. These statements are based on various assumptions, whether or not identified in this press release, and management’s current expectations and are not predictions of actual performance. These forward-looking statements are provided for informational purposes only and are not intended to be relied upon and should not be relied upon as a guarantee, assurance, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from the assumptions. Many actual events and circumstances are beyond the Company’s control. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, financial, geopolitical, legal and market conditions, including supply chain disruptions and pressures inflationary; failure to realize the anticipated benefits of acquisitions; difficulties in integrating acquired companies; its ability to retain customers of acquired companies or otherwise expand its customer base; the risk that Shapeways has a history of losses and may not achieve or maintain profitability in the future; the risk that the Company faces significant competition and expects to face increasing competition in many respects; the risk that the digital manufacturing industry is a relatively new and emerging market and it is not certain that it will gain widespread acceptance; the risk that the Company’s new and existing solutions and software may not achieve sufficient market acceptance; loss of key personnel; failure to timely and effectively scale the Company’s platform; the ability to move the Company’s manufacturing capabilities without interruption or delay; and the factors discussed under “Risk Factors” in Shapeways’ most recent Form 10-K, most recent Form 10-Q and other documents Shapeways has filed or will file with the SEC. Should any of these risks materialize, or should the Company’s assumptions prove incorrect, actual results could differ materially from the results implied by such forward-looking statements. There may be additional risks not currently known to the Company, or that the Company currently believes to be immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect the Company’s expectations, plans or forecasts regarding future events and views as of the date of this press release. The Company anticipates that subsequent events and developments will cause its assessments to change. However, while the Company may choose to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed on forward-looking statements.

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