Jumia Announces Leadership Changes to Support its Journey Towards Profitability - Seite 2

Francis Dufay and Antoine Maillet-Mezeray stated, "We have an outstanding platform, a strong brand and a talented team. We believe in Jumia's relevance to African consumers and are confident in the Company's ability to deliver strong results. We are working on a comprehensive plan to bring more focus to the business and drive sharper execution to scale the business towards profitability."

Jeremy Hodara and Sacha Poignonnec commented, "We are proud to have built Jumia, pioneering e-commerce on the continent and creating along the way a unique culture and a great platform in which millions of consumers and thousands of sellers find great value. It is time for us to pass the baton to a new team, we are excited for all that is to come for the business and look forward to cheering the Company on from a new vantage point."

The Company will provide additional information on this announcement and business priorities as part of its Q3 earnings call scheduled for November 17, 2022.

Forward Looking Statements

This press release contains statements which may be considered forward-looking within the meaning of the U.S. federal securities laws, including statements regarding the Company's leadership changes and prospects for growth and value creation. These statements are subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, levels of activity, performance or achievements to differ materially from results expressed or implied in this press release. These risks include, without limitation, the risks described under Item 3. "Key Information-D. Risk Factors," in Jumia's Annual Report on Form 20-F as filed with the US Securities and Exchange Commission. Moreover, new risks emerge from time to time. It is not possible for Jumia's management to predict all risks, nor can the Company assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements the Company may make. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Jumia cautions you therefore against relying on these forward-looking statements, and Jumia qualifies all of its forward-looking statements by these cautionary statements. Jumia assumes no obligation, and does not intend, to update these forward-looking statements as a result of future events or developments

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