Glovoapp23, S.L. entered into an agreement to acquire Operations in Bosnia Herzegovina, Bulgaria, Croatia, Montenegro, Romania, and Serbia from Delivery Hero SE (XTRA:DHER) for €170 million on May 26, 2021. The transactions involving Bosnia Herzegovina, Bulgaria, Croatia, Montenegro and Serbia are expected to close within the next few weeks, subject to the fulfilment of the conditions precedent. Romania is expected to close by Q1 2022, subject to the fulfillment of the conditions precedent and relevant regulatory approvals.

As of December 16, 2021, Romania's anti-trust body has approved the deal. Morgan Stanley acted as financial advisor to Glovoapp23, S.L. Diana Rivera, Kai Christian Fischer, Paula Martinez, Miguel Angel Castanom and Julio Otero of Cuatrecasas, Gonçalves Pereira, S.L.P. acted as legal advisors to Delivery Hero SE. Uría Menéndez Abogados, S.L.P. and Ileana Glodeanu, Anca Jurcovan, Flaviu Nanu, Natasa Lalovic Maric, Vidak Kovacevic, Maja Stankovic, Luka Tadic-Colic, Ira Peric Ostojic, Katerina Novakova and Naida Custovic of WOLF THEISS Rechtsanwalte GmbH acted as legal advisors to Glovoapp23, S.L. Piotr Krupski of JPMorgan Chase & Co.

acted as financial advisor to Delivery Hero.