Bidders connected to XXXLutz Group receive antitrust approval for takeover of home24 – settlement to ensue shortly

• Entities connected to XXXLutz Group have received the antitrust approval for the acquisition of home24
• With the approval, the last pending closing condition of the takeover offer has been fulfilled
• XXXLutz is looking forward to the cooperation with home24 and the joint business activity

Wels, 17 April 2023 – RAS Beteiligungs GmbH, LSW GmbH and SGW-Immo-GmbH, three entities connected to XXXLutz Group ("XXXLutz") have received the antitrust approval for the acquisition of home24 SE ("home24"). Thereby, the takeover can be settled within the next days. XXXLutz intends to delist the home24 shares after settlement of the offer.

XXXLutz is looking forward to seize future growth opportunities together with home24 and to serve as a strong partner, giving the company stability and impetus to pursue its future path.

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
Florian Bamberg
Tel.: +49 170 287 1258
Email: florian.bamberg@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.