Bidders connected to XXXLutz Group announce voluntary public delisting offer for remaining home24 shares

Bidders connected to XXXLutz Group announce voluntary public delisting offer for remaining home24 shares

• Private ownership structure gives home24 stability and impetus with XXXLutz as strong partner
• Delisting offer price corresponds to compensation of takeover offer with EUR 7.50 per home24 share
• Management Board of home24 supports delisting offer
• Planned delisting will adversely affect the ability to trade home24 shares

Wels, 28 June 2023 – RAS Beteiligungs GmbH, LSW GmbH and SGW-Immo-GmbH, three entities connected to XXXLutz Group ("XXXLutz") have today announced their decision to publish a voluntary public delisting offer ("Offer") for all outstanding shares of home24 SE ("home24" or the "Company") not held by XXXLutz at the time of the Offer. Together with connected entities, XXXLutz has secured a stake of approximately 94.65% of the current share capital of home24.

XXXLutz is convinced that the planned delisting of the home24 shares and the change to a private ownership structure are in the interest of the Company and its shareholders and will bring numerous advantages: home24 can save costs associated with the listing, reduce regulatory burden and free up management capacities occupied by the listing. Furthermore, the Company is not dependent on access to the capital market for the foreseeable future due to alternative sources of financing. In addition, the Offer provides shareholders with an immediate and liquidity-independent divestment opportunity at a very attractive price.

As a strong partner, XXXLutz will also support home24 in gaining stability and impetus for its future orientation and in seizing growth opportunities. The Management Board of home24 supports the delisting offer and has assented in a so-called "delisting agreement" to take all appropriate measures to implement the delisting.

XXXLutz will offer the remaining home24 shareholders a cash consideration of EUR 7.50 per home24 share. The offer price per target company share corresponds to the offer price for the already completed takeover offer and thus to a premium of 124% on the closing price of the home24 share on 4 October 2022 and a premium of 141% on the corresponding three-month volume-weighted average price at the time. The acceptance period begins with the publication of the offer document. The Offer is not subject to any conditions.

The planned delisting is expected to have consequences for the home24 share and the remaining shareholders of home24. For example, it is expected that trading in home24 shares will be lower following the completion of the Offer, thus reducing the liquidity of the home24 share. This may mean that buy and sell orders with regard to the home24 share cannot be executed or cannot be executed in a timely manner. There may also be greater fluctuations in the price of the home24 share as a result of the reduced liquidity.

The final terms of the Offer will be contained in the offer document, which will be published on the internet after the German Federal Financial Supervisory Authority ("BaFin") has granted permission for its publication. The offer document and all other information in connection with the Offer will be published on the following website:

http://www.xxxlutz-offer.com

About XXXLutz

XXXLutz has grown steadily in the 77 years of its existence. The XXXLutz Group operates more than 370 furniture stores in 13 European countries (Austria, Germany, Czech Republic, Hungary, Slovenia, Slovakia, Croatia, Romania, Bulgaria, Switzerland, Sweden, Serbia and Poland) and employs more than 26,300 people. With an annual turnover of EUR 5.75 billion, XXXLutz Group is one of the three largest furniture retail groups in the world.

About home24

home24 is a leading pure-play home & living e-commerce platform in continental Europe and Brazil. With more than 250,000 home & living products in Europe and over 200,000 articles in Latin America, home24 offers a unique selection of large and small furniture pieces, garden furnishings, mattresses and lighting. home24 is headquartered in Berlin and employs around 3,000 people worldwide. The company is active in seven European markets: Germany, France, Austria, the Netherlands, Switzerland, Belgium and Italy. home24 is also active in Brazil under the "Mobly" brand. The group also includes the lifestyle brand Butlers with 100 stores in the DACH region and additional stores in the rest of Europe. home24 is listed on the Frankfurt Stock Exchange (ISIN DE000A14KEB5).

Media spokesperson on the subject of the transaction:

FTI Consulting Germany

Thomas Krammer

Tel.: +49 170 287 7848

Email: thomas.krammer@fticonsulting.com

Spokesperson for trade media:

XXXLutz Group

Mag. Thomas Saliger

Company Spokesman of the XXXLutz Group

Römerstrasse 39, 4600 Wels

Email: sal@lutz.at

Important Notice

This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares in the Company. The Offer itself as well as its terms and conditions and further provisions concerning the Offer will be set out in the offer document in detail after the German Federal Financial Supervisory Authority ("BaFin") has permitted the publication of the offer document. Investors and holders of shares in the Company are strongly advised to thoroughly read the offer document and all other relevant documents regarding the Offer upon their availability since they will contain important information.