AEX: Increased stake in Delivery Hero to offset current and future dilution

Prosus N.V.
(Incorporated in the Netherlands)
(Legal Entity Identifier: 635400Z5LQ5F9OLVT688)
AEX and JSE Share Code: PRX ISIN: NL0013654783
(Prosus)

Increased stake in Delivery Hero to offset current and future dilution

Prosus has acquired approximately 20.37 million shares in Delivery Hero (FRA:DHER.GR) via market and bilateral trades through its subsidiary, MIH Food Holdings B.V.

Following the close of Delivery Hero’s most recent Woowa transaction on March 2, 2021, whereby Delivery Hero SE bought an 87% stake in Woowa, South Korea’s biggest food delivery app, MIH Food Holdings B.V.’s shareholding fell to 16.81%. The acquisition of the approximately 20.37 million shares increases MIH Food Holdings B.V.’s shareholding by 8.18% to 24.99% (22.24% on a fully diluted basis) and continues to position the group as the largest shareholder in Delivery Hero. Prosus acquired the shares with the intention to offset existing and future dilution incurred from convertible issuances, employee exercises and stock issuance related to the Woowa transaction. Prosus has no intention to buy any additional shares within the next twelve months.

Growing its position in online food ordering and delivery is consistent with Prosus’s strategy to invest in platforms with global potential that offer online marketplace services in high-growth markets. The increased stake in Delivery Hero adds to the group’s investments in iFood in Latam and Swiggy in India.

The transaction was funded from existing resources.

Amsterdam, the Netherlands

31 March 2021

JSE sponsor to Prosus

Investec Bank Limited