Value increase of Delivery Hero

08 JUNE 2015
Summary
• Delivery Hero now valued at EUR 2.8 billion post money based on third party funding round • The value of Rocket’s stake increased by 35% (or EUR 279 million) relative to the cumulative investments in Delivery Hero • Introduction of quarterly LPV report to provide further transparency

Berlin, Germany, 8th June 2015 – Rocket Internet SE (“Rocket”, ISIN DE000A12UKK6, RKET) announces that Delivery Hero, a key company of Rocket’s Global Online Takeaway Group (“GOTG”), has completed a new third party funding round at a higher valuation. GOTG is the global leader in the online takeaway market being present in 60 countries (excluding Africa Internet Group countries), processing around 120 million orders (based on an annualised December run-rate) and generating more than EUR 1 billion of GMV in 2014 (pro forma for acquisitions and on the basis of 100% aggregation of the individual KPIs). Following its recent acquisitions, Yemeksepeti and e-Food, the market leaders in Turkey and Greece, Delivery Hero has raised EUR 101 million to bolster its liquidity.

The financing round subscribed to by well-known new investors resulted in a new post money valuation of Delivery Hero of EUR 2.8 billion. Post this funding round, Rocket’s fully diluted stake, held through GOTG, is 38.5% and its last portfolio value (“LPV”) is EUR 1,079 million. This represents a significant value uplift of EUR 279 million or 35% relative to the cumulative investments in Delivery Hero.

Oliver Samwer, Founder and Chief Executive Officer of Rocket Internet, commented: „The investments by reputable investors exemplify the attractiveness of Rocket’s assets. They demonstrate that the investments in Delivery Hero by the Global Online Takeaway Group, which is today the largest and only strategic shareholder in Delivery Hero, continue to look very promising. They also validate once again the LPV attached to Delivery Hero by renowned third party investors.”

In order to make following Rocket’s LPV development easier, we will publish an LPV report following the end of each quarter that shows the latest valuations, ownership stakes, resulting LPV, the month of the financing round, participation of third party investors and cash balances. You can access this report on the Rocket webpage under investor relations (https://www.rocket-internet.com/investors) as of today. Also see the appendix to this release. This first report shows Rocket’s LPV as of end of April which amounted to EUR 4.7 billion.

Rocket Internet would like to reiterate that it continuously reviews the performance, development and strategic options of its portfolio companies, including its Global Online Takeway Group. This includes an ongoing evaluation of a range of possible funding alternatives, including but not limited to Initial Public Offerings.

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About Rocket Internet

About Rocket Internet

Rocket Internet builds and invests in Internet companies that take proven online business models to new, fast-growing markets. Rocket Internet focuses on four industry sectors of online and mobile retail and services that make up a significant share of consumer spending: Food & Groceries, Fashion, General Merchandise and Home & Living. Its network of companies operates in a large number of countries around the world with more than 36,000 employees. Rocket Internet SE is listed on the Frankfurt Stock Exchange (ISIN DE000A12UKK6, RKET). For further information please visit www.rocket-internet.com.