RAS Beteiligungs GmbH
Delisting offer of bidders connected to XXXLutz Group for remaining home24 shares ends in two weeks

Delisting offer of bidders connected to XXXLutz Group for remaining home24 shares ends in two weeks

• home24 shareholders may tender their shares until 8 September
• Very attractive delisting offer price of EUR 7.50 per home24 share
• There will be no additional acceptance period
• Planned delisting will have negative impact on the tradeability of the home24 shares

Wels, 25 August 2023 – The public delisting offer (“Offer”) of RAS Beteiligungs GmbH, LSW GmbH and SGW-Immo-GmbH, three entities connected to XXXLutz Group (“XXXLutz”), for all outstanding shares of home24 SE (“home24” or the “Company”) ends on 8 September 2023 at 24:00 hrs (local time in Frankfurt am Main, Germany). Until this point in time, the home24 shareholders that have not yet accepted the Offer have the opportunity to tender their shares in the context of the Offer.

As of today, XXXLutz together with connected entities holds a total stake of 95.24% of the current share capital of home24. The bidders have already announced to consider a squeeze-out of the remaining minority shareholders.

The Offer provides shareholders with an immediate and liquidity-independent divestment opportunity at a very attractive price. There will not be an additional acceptance period. home24 has already announced to file a delisting request with the Frankfurt Stock Exchange before the end of the acceptance period.

The planned delisting is expected to have consequences for the home24 share and the remaining shareholders of home24. Therefore, 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 document is available in German and as a non-binding English translation with further information regarding the 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, the publication of which has been approved by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht). Investors and 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.