Press release issued on behalf of Libero Acquisition S.à r.l.

LIBERO ACQUISITION S. À R.L. HAS SOLD TO DALI ITALY BIDCO S.P.A. 69.432% OF THE ORDINARY SHARES IN DADA S.p.A.

(press release pursuant to article 114 of the

Legislative Decree 24 February 1998, n. 58, as subsequently amended)

  • Completed sale of no. 11,581,325 ordinary shares representing approximately 69.432% of the share capital of DADA S.p.A.

  • EUR 4.00 per-share price

Luxemburg, 15 November 2017 - On the date hereof, Libero Acquisition S à.r.l. (a wholly owned subsidiary of Orascom TMT Investments S.à r.l.) ("Libero") has sold to Dali Italy Bidco S.p.A. ("Dali Italy Bidco") no. 11,581,325 ordinary shares, representing approximately 69.432% of the share capital in DADA S.p.A. ("DADA"), at a price per share equal to EUR 4.00.

The total consideration for the transaction is equal to EUR 46,325,300. As a result of the transaction, Libero does not own any share in DADA.

Dali Italy Bidco has been designated as purchaser by Dali Holdings Limited ("Dali Holdings") - a limited liability company incorporated under the laws of England and Wales wholly owned by HgCapital Mercury 2 Nominees Limited - under the share purchase agreement entered into by and between Libero and Dali Holdings on 23 October 2017.

Concurrently with the closing of the transaction, the following individuals resigned from their office as director of DADA: (i) Fabio Ceccarelli; (ii) Andrea Goretti; (iii) Wafaa Sayed Latif Mobarak; (iv) Tarek Medhat Ahmed Morshed; (v) Onsi Naguib Sawiris; and (vi) Ayman Mohamed Eltayeb Soliman.

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Dada S.p.A. published this content on 15 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 November 2017 13:09:02 UTC.

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