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

Prosushas acquired approximately20.37 millionshares in Delivery Hero (FRA:DHER.GR) via market and bilateral tradesthrough its subsidiary, MIH Food Holdings B.V.

Following the close of Delivery Hero's most recent Woowa transaction on March 2, 2021, wherebyDelivery Hero SEbought 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 approximately20.37 millionshares increasesMIH Food Holdings B.V.'s shareholding by8.18% to24.99% (22.24% on a fully diluted basis) andcontinues toposition the groupas the largest shareholder in Delivery Hero.Prosus acquired the shares with the intention to offset existing and future dilution incurred from convertible issuances, employeeexercises 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 withProsus'sstrategy 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

Enquiries

Investor Enquiries

Eoin Ryan, Head of Investor Relations

+1 347-210-4305

Media Enquiries

Sarah Ryan, International Media Relations

+ 31 6 29721038

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Prosus NV published this content on 31 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2021 18:07:07 UTC.