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Takeaway.com publishes Investor Circular

Takeaway.com N.V. (“Takeaway.com”) publishes a circular (the “Investor Circular”) to shareholders of Just Eat plc (“Just Eat”) in connection with the recommended all-share combination of Takeaway.com and Just Eat (the “Combination”).

Takeaway.com 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 Takeaway.com’s average trading multiple since its IPO in 2016, Just Eat’s shares would be illustratively worth c. £11 each1. The Takeaway.com 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 Takeaway.com to Just Eat Shareholders, as set out in the Investor Circular, has been extracted below.

About Just Eat Takeaway.com

Just Eat Takeaway.com (LSE: JET, AMS: TKWY, NASDAQ: GRUB) is a leading global online food delivery marketplace outside China.

Headquartered in Amsterdam, the Company is focused on connecting consumers and restaurants through its platforms. With over 580,000 connected restaurants, Just Eat Takeaway.com offers consumers a wide variety of food choice. Just Eat Takeaway.com mainly collaborates with delivery restaurants. In addition, Just Eat Takeaway.com provides its proprietary restaurant delivery services for restaurants that do not deliver themselves.

The combination of Just Eat and Takeaway.com 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, Norway, Poland, Portugal, Romania, Slovakia, Spain and Switzerland, as well as through partnerships in Colombia and Brazil.

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