RAS Beteiligungs GmbH
Bidders connected to XXXLutz Group announce start of acceptance period for public delisting offer for remaining home24 shares

Bidders connected to XXXLutz Group announce start of acceptance period for public delisting offer for remaining home24 shares

• Acceptance period begins today and ends on 8 September 2023
• Delisting offer price corresponds to the consideration of the takeover offer of EUR 7.50 per home24 share
• Planned delisting will have a negative impact on the tradability of the home24 shares

Wels, 28 July 2023 – RAS Beteiligungs GmbH, LSW GmbH and SGW-Immo-GmbH, three entities connected to XXXLutz Group (“XXXLutz”) today published the offer document for the 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 already secured a total stake of approximately 94.96% of the current share capital of home24.

As of today, home24 shareholders can accept the delisting offer by tendering their home24 shares at an offer price of EUR 7.50 in cash for each target company share. The delisting offer provides shareholders with an immediate and liquidity-independent divestment opportunity at a very attractive price. Specifically, the offer price per home24 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 prior to 4 October 2022. The acceptance period ends on 8 September 2023 at 24:00 hrs (local time in Frankfurt am Main, Germany).

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. As a strong partner, XXXLutz will continue to 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.

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 Offer is not subject to any conditions and made on the terms set out in the offer document. The publication of the offer document has been granted by the competent German Federal Financial Supervisory Authority (“BaFin”). The offer document is available in German and as a non-binding English translation with further information regarding the delisting offer on the following website:

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’s product range consists of numerous brands, including a large number of private labels. 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 are set out in the offer document, which has been approved for publication by the German Federal Supervisory Authority. Shareholders of the Company are strongly advised to thoroughly read the offer document and all other relevant documents regarding the Offer.

The Offer will exclusively be subject to the laws of the Federal Republic of Germany and certain applicable provisions of securities laws of the United States of America. Any agreement that is entered into as a result of accepting the Offer will be exclusively governed by the laws of the Federal Republic of Germany and is to be interpreted in accordance with such laws.