NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. IN PARTICULAR, THIS ANNOUNCEMENT SHOULD NOT BE RELEASED, PUBLISHED, DISTRIBUTED, FORWARDED OR TRANSMITTED, IN WHOLE OR IN PART, IN, INTO OR FROM ANY RESTRICTED JURISDICTION, INCLUDING THE UNITED STATES. publishes Investor Circular N.V. (“”) publishes a circular (the “Investor Circular”) to shareholders of Just Eat plc (“Just Eat”) in connection with the recommended all-share combination of and Just Eat (the “Combination”). continues to believe that its recommended all-share offer for Just Eat is far superior to Prosus’ opportunistic and derisory cash offer. If the Combined Group’s shares were valued at’s average trading multiple since its IPO in 2016, Just Eat’s shares would be illustratively worth c. £11 each1. The Offer also provides Just Eat Shareholders the opportunity to share in the significant future value creation potential of the Combination. A letter from the Founder and CEO of to Just Eat Shareholders, as set out in the Investor Circular, has been extracted below.

About Just Eat

Just Eat (LSE: JET, AMS: TKWY) is a leading global online food delivery marketplace.

Headquartered in Amsterdam, Just Eat is focused on connecting consumers and restaurants through its platforms. With over 634,000 connected partners, Just Eat offers consumers a wide variety of food choice. Just Eat mainly collaborates with delivery restaurants. In addition, Just Eat provides its proprietary restaurant delivery services for restaurants that do not deliver themselves.

The combination of Just Eat and has rapidly grown to become a leading online food delivery marketplace with operations in the United States, United Kingdom, Germany, the Netherlands, Canada, Australia, Austria, Belgium, Bulgaria, Denmark, France, Ireland, Israel, Italy, Luxembourg, New Zealand, Poland, Slovakia, Spain and Switzerland, as well as through partnerships in Colombia and Brazil.

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