Rocket Internet Decided to Use Up To EUR 150 Million for the Buyback of Convertible Bonds

15 FEBRUARY 2016, BERLIN
Summary
The Management Board of Rocket Internet SE ("Rocket Internet" or the "Company") decided to spend up to EUR 150 million on a program to repurchase senior unsecured convertible bonds due 2022 issued by the Company (ISIN DE000A161KH4) during 2016. Repurchases of convertible bonds under the program may commence immediately. Repurchased convertible bonds will be held by the Company or cancelled. The Company’s Supervisory Board approved the repurchase program.

Berlin, Germany, 15th February, 2016 – The Management Board of Rocket Internet SE ("Rocket Internet" or the "Company") decided to spend up to EUR 150 million on a program to repurchase senior unsecured convertible bonds due 2022 issued by the Company (ISIN DE000A161KH4) during 2016. Repurchases of convertible bonds under the program may commence immediately. Repurchased convertible bonds will be held by the Company or cancelled. The Company’s Supervisory Board approved the repurchase program.

The Company’s successful divestiture of La Nevera Roja, PizzaBo and other non-core takeaway food businesses at the beginning of February 2016 increased the available funds of Rocket Internet and its portfolio companies by EUR 125 million. In addition, following the launch of the Rocket Internet Capital Partners Fund in January 2016, the Company has secured co-funding commitments from third-party investors for new investments resulting in a further improvement of the financial flexibility of Rocket Internet.

“Given the significant improvement in financial flexibility we intend to use available funds for the repurchase and thereby reduce interest expenses for the outstanding bonds”, said Oliver Samwer Chief Executive Officer of Rocket Internet. A repurchase of the convertible bonds will also reduce the dilution risk faced by the shareholders, Samwer further commented.

Repurchases of the convertible bonds will be carried out using one or more banks based on instructions given by Rocket Internet. The buyback may be suspended and resumed at any time. Rocket Internet will make an announcement once the repurchase program has been completed.

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About Rocket Internet

Rocket Internet's mission is to become the world's largest Internet platform outside of the United States and China. Rocket Internet identifies and builds proven Internet business models and transfers them to new, underserved or untapped markets where it seeks to scale them into market leading online companies. Rocket Internet is focused on online business models that satisfy basic consumer needs across four main sectors: eCommerce, marketplaces, travel and financial technology. Rocket Internet started in 2007 and has now more than 30,000 employees across its network of companies, which are active in more than 110 countries across six continents. Rocket Internet SE is listed on the Frankfurt Stock Exchange (ISIN DE000A12UKK6, RKET). For further information visit www.rocket-internet.com.

Disclaimer

This document contains forward-looking statements. These statements are based on the current views, expectations and assumptions of the management of Rocket Internet SE ("Rocket Internet") and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations and competition from other companies, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, and other factors. Rocket Internet does not assume any obligations to update any forward-looking statements.

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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.