For further information regarding the terms and conditions contained in the merger agreement, please see Volt’s Current Report on Form 8-K, which will be filed with the U.S. After closing, Volt will become a privately-held company and shares of Volt common stock will no longer be listed on any public market. The transaction is expected to close in the second calendar quarter of 2022. Volt does not intend to disclose developments during this process unless its Board of Directors makes a decision with respect to any potential superior proposal. There can be no assurance that this process will result in a superior proposal. Volt will have the right to terminate the merger agreement to enter into a superior proposal, subject to the conditions and procedures specified in the merger agreement. The go-shop period will extend for 30 calendar days until April 11, 2022. The merger agreement provides for a “go-shop” period during which Volt – with the assistance of Foros, its exclusive financial advisor – will actively solicit, evaluate and potentially enter into negotiations with, and provide due diligence access to, parties that submit alternative proposals. Following the successful completion of the tender offer, Vega will acquire any remaining shares not tendered in the tender offer through a second-step merger at the same price. The closing of the transaction is subject to customary closing conditions, including the expiration or termination of certain regulatory periods and the tender of shares representing at least two-thirds of the Company’s outstanding common stock in the tender offer. In connection with the execution of the merger agreement, certain of Volt’s stockholders, directors and executive officers holding approximately 26% in the aggregate of the Company’s outstanding shares entered into agreements in which they agreed to tender all of their shares in the tender offer. With ACS Solutions as our sister company, we will be in a position to accelerate investments in technology, enhance our capabilities, expand our operations, and ultimately deliver better value to our clients - all complementing the superior client service that has come to be synonymous with the Volt brand.”

Volt’s President and Chief Executive Officer, Linda Perneau, added, “This acquisition offers Volt a compelling opportunity for continued growth. This transaction will diversify our business mix by adding a sizable commercial staffing and MSP business to our staffing services portfolio, further expanding our suite of services and offerings.” Raj Sardana, Chief Executive Officer of ACS Solutions, commented, “We're pleased to announce the plan to acquire Volt, and look forward to welcoming their talented teams to our family of companies. The merger agreement was approved by Volt’s board of directors, which recommends that Volt stockholders tender their shares in the offer. Vega will commence a tender offer no later than Mato acquire all outstanding shares of Volt for $6.00 per share in cash. This per share purchase price represents a premium of 99% to the Company’s closing stock price on March 11, 2022. (“Vega”), an affiliate of ACS Solutions (“ACS Solutions”), a global provider of information technology solutions and services ( announced today that Volt and Vega have entered into a definitive merger agreement under which Volt will be acquired for $6.00 per share in cash. (“Volt” or the “Company”) (NYSE-AMERICAN: VOLT), a global provider of staffing services, and Vega Consulting, Inc. & ATLANTA-( BUSINESS WIRE)-Volt Information Sciences, Inc.

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