Zalando Wins Kinnevik as Long Term Strategic Shareholder

Zalando Wins Kinnevik as Long Term Strategic Shareholder PR Newswire BERLIN, October 18, 2012 BERLIN, October 18, 2012 /PRNewswire/ -- Zalando shareholder Investment AB Kinnevik acquires another 10% of equity Kinnevik now is the largest shareholder of Zalando, holding 26% directly plus another 9% indirectly through Rocket Internet Net-sales of 471 million euros in first six months of 2011 Zalando shareholder Investment AB Kinnevik has acquired another 10% of equity of the European online retailer Zalando. With this step, Kinnevik is the largest shareholder of Zalando, holding 26% directly plus another 9% indirectly through Rocket Internet. The basis for this step was the continued positive development of Zalando: in the first six months of 2012, the company reported net-sales of 471 million euros and is on track to double its 2011 revenue of 510 million euros this year. Zalando welcomes this step of its long-time shareholder Kinnevik, which has acquired an additional stake of 10% from Holtzbrinck Ventures, Tengelmann and Rocket Internet. The three early-stage investors sold a small portion of their stakes but together still hold more than 56% of Zalando. Rubin Ritter, Managing Director of Zalando, comments: "We are excited to see Kinnevik increasing its ownership in Zalando and we look forward to executing our plans with Kinnevik as a large and active shareholder.