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

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 Prosuss 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


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About Delivery Hero

Delivery Hero is the world’s leading local delivery platform, operating its service in more than 40 countries across Asia, Europe, Latin America, the Middle East and North Africa. The company started as a food delivery service in 2011 and today runs its own delivery platform on four continents. Additionally, Delivery Hero is pioneering quick commerce, the next generation of e-commerce, aiming to bring groceries and household goods to customers in under one hour and often in 10-15 minutes. Headquartered in Berlin, Germany, Delivery Hero is listed on the Frankfurt stock exchange since 2017, and became part of the leading index DAX (Deutscher Aktienindex) in 2020. For more information, please visit www.deliveryhero.com.

About Prosus

Prosus is a global consumer internet group and one of the largest technology investors in the world. Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.

The group is focused on building meaningful businesses in the online classifieds, food delivery, and payments and fintech sectors in markets including India, Russia and Brazil. Through its ventures team, Prosus invests in areas including edtech and health, Prosus actively seeks new opportunities to partner with exceptional entrepreneurs who are using technology to improve people’s daily lives.

Every day, millions of people use the products and services of companies that Prosus has invested in, acquired or built, including Avito, Brainly, BYJU’S, Bykea, Codecademy, DappRadar, dott, ElasticRun, eMAG, Eruditus, Honor, iFood, Klar, LazyPay, letgo, Meesho, Movile, OLX, PayU, Red Dot Payment, Remitly, SimilarWeb, Shipper, Skillsoft, SoloLearn, Swiggy, and Udemy.

Hundreds of millions of people have made the platforms of its associates a part of their daily lives. For listed companies where we have an interest, please see: Tencent (www.tencent.com; SEHK:00700), Mail.ru (www.corp.mail.ru; LSE:MAIL), Trip.com Group Limited (“Trip.com”) (NASDAQ:TCOM), and Delivery Hero (www.deliveryhero.com; Xetra:DHER).

Today, Prosus companies and associates help improve the lives of around a fifth of the world’s population.

Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and secondary listings on the Johannesburg Stock Exchange (XJSE:PRX) and a2X Markets (PRX.AJ), and is majority owned by Naspers.

For more information, please visit www.prosus.com