ABOUT YOU and Zalando complete final step of their strategic combination

• Merger squeeze-out effective upon entry into the commercial register
• Delisting of ABOUT YOU shares from the regulated market (Prime Standard) of the Frankfurt Stock Exchange and Open Market
• Final step of the strategic combination between ABOUT YOU and Zalando legally completed

Berlin / Hamburg, 6 November 2025 // With the exclusion of the remaining minority shareholders and the delisting of the shares of ABOUT YOU Holding SE (“ABOUT YOU”), Zalando SE (“Zalando”) and ABOUT YOU have legally completed the final step of the strategic business combination.

With the registration in the commercial register of the Hamburg Local Court on 6 November 2025, the so-called merger squeeze-out became effective. In the course of this process, all shares of the minority shareholders of ABOUT YOU were transferred to a Zalando subsidiary, the ABYxZAL Holding AG. The subsidiary assumes the legal position of ABOUT YOU Holding SE and will operate under the name of ABOUT YOU Holding AG in the future.

The corresponding squeeze-out resolution had been adopted by ABOUT YOU’s Extraordinary General Meeting on 22 September 2025. The minority shareholders receive a cash compensation of EUR 6.50 per share. As legally required in such transactions, the adequacy of this compensation was confirmed by a court-appointed independent auditor.

The squeeze-out also resulted in the delisting of ABOUT YOU shares from the regulated market (Prime Standard) of the Frankfurt Stock Exchange and from trading on the Open Market. Consequently, the statutory post-listing obligations for publicly listed companies no longer apply.

This step marks the legal completion of the takeover transaction between Zalando and ABOUT YOU closed in July 2025. Through a voluntary public takeover offer and additional share purchases, Zalando has already acquired around 91% of ABOUT YOU’s share capital. The merger squeeze-out is a statutory procedure permissible with a shareholding of at least 90%.