RAS Beteiligungs GmbH
End of additional acceptance period – Bidders connected to XXXLutz Group secure 92.67% of home24 shares

End of additional acceptance period – Bidders connected to XXXLutz Group secure 92.67% of home24 shares

• Entities connected to XXXLutz Group have secured a stake of approximately 92.67% of the current share capital of home24 – including shares from capital increase, share purchases and other instruments
• With the end of the additional acceptance period, the offer has ended

Wels, 2 January 2023 – RAS Beteiligungs GmbH, LSW GmbH and SGW-Immo-GmbH, three entities connected to XXXLutz Group (“XXXLutz”) today announced the final result of their voluntary public takeover offer (the “Offer”) to the shareholders of home24 SE (“home24” or the “Company”) following the end of the additional acceptance period. A total of 23,254,956 shares were tendered. Based on a total share capital of home24 of 33,580,083, this represents a stake of approximately 69.25% of the share capital and voting rights of the Company. Together with the shares from the capital increase announced on 5 October 2022, subscribed by entities connected to XXXLutz, as well as share purchases and other instruments, XXXLutz has secured a stake of approximately 92.67% of the current share capital of home24.

With the end of the additional acceptance period, the offer to the home24 shareholders to tender their shares has expired. The takeover of home24 by the bidders connected to XXXLutz Group will be settled as soon as all antitrust approvals are issued. XXXLutz intends to delist the home24 shares after settlement of the offer.

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 25,700 people. With an annual turnover of EUR 5.34 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 3000 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 an additional 25 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 M. Krammer
Tel.: +49 170 282 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 is exclusively 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 shall be exclusively governed by the laws of the Federal Republic of Germany and is to be interpreted in accordance with such laws.