São  Paulo and  Oslo, 1 June  2023 - OLX  Brasil, one  of the leading buying and
selling  online platforms in Brazil, in  agreement with its shareholders, Prosus
and  Adevinta, welcomes the arrival of  Olivier Aizac as Chief Executive Officer
(CEO). Aizac takes over from Andries Oudshoorn, effective today.

Andries  has led  the business  through multiple  key growth stages. In 2011, he
moved  to Brazil to  found bomnegócio.com and  scaled the business to 17 million
unique  buyers  and  sellers  in  2014. In  2015, bomnegócio.com and OLX merged,
starting  a second wave of user and  revenue growth. Revenue grew 17.5x from BRL
20 million  in  2014 to  BRL  350 million  in 2019 (CAGR of 77%), reaching 100m
unique  buyers and sellers. The acquisition of  Grupo Zap was completed in 2020
and  significant performance  and efficiency  initiatives were  launched to turn
around  the  acquired  company,  with  clear  results in Q1 2023 when the EBITDA
margin reached 36% for the combined company.

OLX  Brasil  achieved  BRL  987 million  in  revenue  in 2022. OLX and ZAP+ have
established  themselves as leading  brands in their  segments, real estate, auto
and  second-hand products.  OLX is  also a  circular economy  pioneer in Brazil,
encouraging the buying and selling of used products.

Ajay  Bhatia, Chairman of  the Board of  OLX Brasil, commented:   "We extend our
sincere  gratitude  to  Andries  for  his exceptional leadership and significant
contributions  to OLX Brasil. His strategic vision and tireless dedication set a
high  standard for the company.  As we start this  new chapter, we are confident
that  Olivier, with his proven experience  and deep understanding of the digital
marketplace, will continue to guide the company on its successful path."

Olivier's  career to  date has  focused on  the development of different digital
businesses,  including founding and scaling  up leboncoin.fr, the leading online
marketplace  in France -  part of Adevinta's  portfolio - as  well as serving on
OLX's  Board from  2015 until 2018. He  has also  led Webedia  Brasil, a digital
entertainment  company, in addition  to Holu Solar,  a green technology startup.
During  the leadership transition, Andries will continue to strategically advise
and support Olivier as he onboards into his new role.

Olivier  Aizac added: "It's a great honor to take the helm of a company that has
revolutionized  online  marketplaces.  Building  on  Andries' achievements, I am
committed to nurturing the innovative spirit of the team, pushing further growth
and leading OLX Brasil into its next chapter of success."


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Media contact:
press@adevinta.com (mailto:press@adevinta.com)

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About OLX Brasil
In Brazil since 2010, OLX Brasil has the mission of empowering people to achieve
their  dreams, reinventing the consumption model.  With the acquisition of Grupo
ZAP,  completed in November 2020, OLX Brasil operates OLX, a horizontal platform
with  a leading position in the categories  of Autos, Real Estate and used goods
and two leading real estate verticals, Zap and Vivareal.

OLX Brasil shareholders are the main global media and marketplaces investment
groups Prosus NV (50%), listed on the Amsterdam stock exchange and Adevinta ASA
(50%), listed on the stock exchange in Norway.

About Adevinta
Adevinta is a leading online classifieds specialist, operating digital
marketplaces in 11 countries. The company provides technology-based services to
connect buyers with sellers and to facilitate transactions, from real estate to
motors, and consumer goods.

Adevinta's portfolio spans more than 25 digital brands, covering one billion
people and attracting approximately 2.5 billion average monthly visits. Noted
assets include top-ranked leboncoin in France, Germany's leading classifieds
sites mobile.de and Kleinanzeigen, Marktplaats in the Netherlands, Fotocasa,
Habitaclia and InfoJobs in Spain, Subito in Italy, and 50% of fast-growing OLX
Brasil. Adevinta employs around 5,700 people, including some 3,000 working in
product and technology teams, committed to supporting users and customers daily.
Adevinta is a sustainability leader within the Dow Jones Sustainability Index
(DJSI) Europe. Find out more at Adevinta.com (https://www.adevinta.com/).

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