DGAP-Adhoc

Global Fashion Group S.A.: SUCCESSFULLY PLACES 16.5 MILLION NEW SHARES FROM CASH CAPITAL INCREASE WITH GROSS PROCEEDS OF EUR 120 MILLION - Seite 2

The Company receives gross proceeds amounting to EUR 120,450,000 from the Capital Increase. The net proceeds are intended to be used to further accelerate the delivery of the Company's mid-term growth strategy by additional investments in its customer value proposition, technology platform, delivery infrastructure, and for general corporate purposes. GFG plans to take advantage of the increased marketplace base, broader assortment and improved unit economics to accelerate fashion e-commerce adoption in its markets as well as to increase loyalty and shopping frequency with its customers.

As part of the transaction, the Company has agreed to a lock-up period of 180 days, subject to customary exceptions.

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Person making the notification:
Claire Higgins, Group Legal Counsel

Press / Communications
Christina Song, Strategy Director
[e-mail]

Investor Relations
Adam Kay, Investor Relations Director
[e-mail]

Disclaimer

This announcement may not be published, distributed or transmitted, directly or indirectly, in the United States of America (including its territories and possessions), Canada, Japan or Australia or any other jurisdiction where such announcement could be unlawful. The distribution of this announcement may be restricted by law in certain jurisdictions and persons who are in possession of this document or other information referred to herein should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement does not constitute an offer of, or a solicitation of an offer to purchase, securities of GFG or of any of its subsidiaries in the United States of America, Luxembourg, Germany or any other jurisdiction. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, an offer in any jurisdiction. The securities offered will not be and have not been registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act.