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SHAPEWAYS REPORTS FINANCIAL RESULTS FOR THE SECOND QUARTER OF 2021

New York, NY – August 18, 2021 – Shapeways (the “Company”), a leading global digital  manufacturing platform driven by proprietary software, today announced its results for the  second quarter ended June 30, 2021. Shapeways expects to merge with Galileo Acquisition  Corp. (NYSE: GLEO) (“Galileo”), a special purpose acquisition company.  

Second Quarter 2021 Highlights include:  

Revenue increased by 26% to $8.8 million in the second quarter of 2021 from $7.0 million  in the second quarter of 2020.  

Gross profit grew 39% to $4.3 million in the second quarter of 2021 from $3.1 million in  the second quarter of 2020.  

Gross margins improved to nearly 49% in the second quarter of 2021 compared to 44%  in the second quarter of 2020 due to high value product focus, continued operational  improvements, and further software development.  

On April 28, 2021, the Company entered into a definitive agreement to merge with Galileo  Acquisition Corp. (NYSE: GLEO). Upon closing of the transaction, expected to occur by the  end of the third quarter of 2021, the combined company will be named Shapeways  Holdings, Inc. and is expected to remain listed on the NYSE under the new ticker symbol  “SHPW.”  

On August 16, 2021, Galileo filed a second amendment with the U.S. Securities and  Exchange Commission (“SEC”) to its registration statement (the “Registration Statement”)  on Form S-4/A originally filed on June 9, 2021, that includes a preliminary joint proxy  statement/consent solicitation/prospectus in connection with the proposed business  combination, which is available on the SEC website at www.sec.gov.  

“We are pleased with our second quarter results that show continued momentum in Shapeways’  end-to-end digital manufacturing platform powered by our purpose-built proprietary software.  The results of the first six months of 2021 have reinforced our confidence in our ability to deliver  on our growth plans,” said Greg Kress, Shapeways’ Chief Executive Officer. “Our ongoing focus is  on building scale as we work with our customers and extend our penetration across the  industrial, medical, automotive and aerospace segments. We also continue to enhance our  manufacturing capabilities, including a broader menu of materials, finishes and full color 3-D  printing, to meet the needs of our customers. We look forward to finalizing the merger transaction with Galileo and continuing to accelerate product innovation and expand customer  adoption.”  

About Shapeways 

Shapeways is a leader in the large and fast-growing digital manufacturing industry combining  high quality, flexible on-demand manufacturing powered by purpose-built proprietary software  which enables customers to rapidly transform digital designs into physical products, globally.  Shapeways makes industrial-grade additive manufacturing accessible by fully digitizing the end to-end manufacturing process, and by providing a broad range of solutions utilizing 11 additive  manufacturing technologies and more than 90 materials and finishes, with the ability to easily  scale new innovation. The Company has delivered over 21 million parts to 1 million customers in  over 160 countries.  

About Galileo 

Galileo Acquisition Corp. raised $138 million in October 2019 and its securities are listed on the  New York Stock Exchange under the ticker symbols “GLEO.U,” “GLEO” and “GLEO.WS.” Galileo  is a blank check company organized for the purpose of effecting a merger, capital stock exchange,  asset acquisition, or other similar business combination with one or more businesses or entities  with an initial focus on targets operating in the Consumer, Retail, Food and Beverage, Fashion  and Luxury, Specialty Industrial, Technology or Healthcare sectors which are headquartered in  Europe or North America, and that have a European and North American market nexus. Galileo  is led by a serial SPAC sponsor team having successfully completed four business combinations,  in addition to Shapeways. Its team is composed by seasoned dealmakers with diverse  nationalities, M&A, principal investing and public company operating experience in both the  North American and Western European markets.  

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 generally are accompanied by words such as “believe,”  “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,”  “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate  future events or trends or that are not statements of historical matters. All statements, other than  statements of present or historical fact included in this press release, regarding Galileo’s proposed  acquisition of Shapeways, Galileo’s ability to consummate the transaction, the benefits of the transaction  and the combined company’s future financial performance, market opportunity, as well as the combined  company’s strategy, future operations, estimated financial position, prospects, plans and objectives of  management are forward-looking statements. These statements are based on various assumptions,  whether or not identified in this press release, and on the current expectations of the respective management of Shapeways and Galileo and are not predictions of actual performance. These forward looking statements are provided for illustrative purposes only and are not intended to serve as, and must  not be relied on as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability.  Actual events and circumstances are difficult or impossible to predict and will differ from assumptions.  Many actual events and circumstances are beyond the control of Shapeways and Galileo. These forward looking statements are subject to a number of risks and uncertainties, including changes in domestic and  foreign business, market, financial, political, and legal conditions; the inability of the parties to successfully  or timely consummate the proposed transaction, including the risk that any regulatory approvals are not  obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined  company or the expected benefits of the proposed transaction or that the approval of the stockholders  of Galileo or Shapeways is not obtained; failure to realize the anticipated benefits of the proposed  transaction; the risk that Shapeways has a history of losses and may not achieve or maintain profitability  in the future; the risk that Shapeways faces significant competition and expects to face increasing  competition in many aspects of its business, which could cause our operating results to suffer; the risk  that the digital manufacturing industry is a relatively new and emerging market and it is uncertain whether  it will gain widespread acceptance; the risk that if Shapeways fails to grow its business as anticipated, its  revenues, gross margin and operating margin will be adversely affected; the risk that if Shapeways’ new  and existing solutions and software do not achieve sufficient market acceptance, its financial results and  competitive position will decline; the amount of redemption requests made by Galileo’s stockholders; the  ability of Galileo or Shapeways to issue equity in connection with the proposed transaction or in the  future, and those factors discussed in Galileo’s Registration Statement, under the heading “Risk Factors,”  and other documents Galileo has filed, or will file, with the SEC. If any of these risks materialize or our  assumptions prove incorrect, actual results could differ materially from the results implied by these  forward-looking statements. There may be additional risks that neither Galileo nor Shapeways presently  know, or that Galileo nor Shapeways currently believe are immaterial, that could also cause actual results  to differ from those contained in the forward-looking statements. In addition, forward-looking  statements reflect Galileo’s and Shapeways’ expectations, plans, or forecasts of future events and views  as of the date of this press release. Galileo and Shapeways anticipate that subsequent events and  developments will cause Galileo’s and Shapeways’ assessments to change. However, while Galileo and  Shapeways may elect to update these forward-looking statements at some point in the future, Galileo and  Shapeways specifically disclaim any obligation to do so. These forward-looking statements should not be  relied upon as representing Galileo’s and Shapeways’ assessments of any date subsequent to the date of  this press release. Accordingly, undue reliance should not be placed upon the forward-looking  statements.  

Additional Information and Where to Find It 

In connection with the proposed transaction, Galileo has filed the Registration Statement with the SEC,  which includes a preliminary proxy statement/prospectus of Galileo, as may be amended from time to  time. Galileo will mail a definitive proxy statement/prospectus and other relevant documents to its  shareholders.  

INVESTORS AND SECURITY HOLDERS OF GALILEO ARE URGED TO READ THE REGISTRATION STATEMENT  ON FORM S-4/A, WHICH WAS FILED WITH THE SEC ON AUGUST 16, 2021 AND INCLUDES A PRELIMINARY  JOINT PROXY STATEMENT/CONSENT SOLICITATION/PROSPECTUS, AND, WHEN AVAILABLE, ANY  AMENDMENTS THERETO, AND THE DEFINITIVE JOINT PROXY STATEMENT/CONSENT  SOLICITATION/PROSPECTUS IN CONNECTION WITH GALILEO’S SOLICITATION OF PROXIES FOR ITS  EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS TO BE HELD TO APPROVE THE PROPOSED TRANSACTION BECAUSE THE JOINT PROXY STATEMENT/CONSENT SOLICITATION/PROSPECTUS CONTAINS  AND WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND THE PARTIES  TO THE PROPOSED TRANSACTION. THE DEFINITIVE JOINT PROXY STATEMENT/CONSENT  SOLICITATION/PROSPECTUS WILL BE MAILED TO SHAREHOLDERS OF GALILEO AS OF AUGUST 2, 2021 (THE  RECORD DATE) FOR VOTING ON THE PROPOSED TRANSACTION.  

Shareholders will also be able to obtain copies of the Registration Statement, including the joint proxy  statement/consent solicitation/prospectus and any other documents filed by Galileo with the SEC, free of  charge at the SEC’s website (www.sec.gov).  

Participants in the Solicitation 

Galileo and Shapeways and their respective directors, executive officers and employees and other persons  may be deemed to be participants in the solicitation of proxies from the holders of Galileo ordinary shares  in respect of the proposed business combination. Galileo shareholders and other interested persons may  obtain more detailed information regarding the names and interests in the proposed transaction of  Galileo’s and Shapeways’ directors and officers in Galileo’s filings with the SEC including the Registration  Statement which includes a preliminary joint proxy statement/ consent solicitation / prospectus of Galileo  for the proposed transaction. These documents can be obtained free of charge from the sources indicated  above.  

Disclaimer 

This communication shall not constitute a solicitation of a proxy, consent or authorization with respect to  any securities or in respect of the proposed business combination. This communication shall not  constitute an offer to sell or the solicitation of an offer to buy any securities pursuant to the proposed  transactions or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer,  solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of  any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting  the requirements of Section 10 of the Securities Act of 1933, as amended.  

Contact Information 

Investor Relations 

investors@shapeways.com 

Media Relations 

press@shapeways.com

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