Current report No. 29/2022

Legal basis: Article 17 sec. 1 of MAR - inside information

Title: Changes in the composition of 1/ the management board of Allegro sp. z o.o. and 2/ the Board of Directors of Allegro.eu

The Board of Directors of Allegro.eu (the „Board”) hereby reports that on 4 July 2022:

1. eu (the “Company"), received the resignation of Francois Nuyts (a member of the Board) from the Company’s Board with effect as of 31 August 2022;
2. Allegro sp. z o.o. ("Allegro"), a wholly owned subsidiary of the Company, received the resignation of Francois Nuyts (a member of the Management Board of Allegro) from the Allegro's Management Board with effect as of 31 August 2022;
3. Roy Perticucci has been appointed as CEO and a member of the Management Board of Allegro effective from 1 September 2022.

Following 31 August 2022, once Francois Nuyts’ resignation becomes effective, the Board of the Company shall meet to appoint Roy Perticucci as a co-opted member of the Board of the Company, and that co-option shall be submitted for ratification by shareholders at the first shareholders’ meeting following that date.

Francois Nuyts will remain CEO of Allegro until 31 August 2022. Thereafter, he will remain available to assist Roy Perticucci as may be required from time to time in order to ensure smooth transition.

Mr. Perticucci has over 20 years of experience leading retail and ecommerce businesses internationally, as well as a track record of building organisations. He led the European Operations/Customer Fulfillment at Amazon between 2013-2020 and for a short time simultaneously held the same responsibility for North America. Previously, he held senior roles at other large retailers including Ahold (Albert.nl), Dixon’s and Tesco across Europe. As Development Director and later Operations Director at Tesco.com, Mr. Perticucci oversaw the development of the world’s largest Grocery Homeshopping business during its period of rapid growth. His contributions included the launch of the company’s first “dark store" and the Wine Warehouse as well as the Tesco.net ISP. He began his career as a software developer at Accenture in Milan, and later as a consultant at the Boston Consulting Group in Munich.

The Company’s Chairman of the Board, Darren Huston, welcomes the new CEO, who takes over from a manager with a great track record at Allegro.

“The Board conducted a thorough search and we are proud today to announce Roy as our next CEO. Roy was chosen from among an outstanding pool of global leadership talent,” Darren Huston says. “And he will certainly have big boots to fill. Since 2018, Francois has steered Allegro to what it is today - a European ecommerce champion and a leading global marketplace. Not only did he continue to lead efforts to improve our business, but he also oversaw the company’s bourse debut - the largest listing Warsaw has ever seen.  Francois also led our entry into international markets with the acquisition of Mall, laid the groundwork for a company-owned package distribution network, and successfully launched Allegro Pay. Thank you, Francois.”

“The company is in the best of hands,” Francois Nuyts adds. “I am more than certain as I know Roy from way back. My stint at Allegro will end in September and it has been an amazing experience. A big thank you to everyone in the company, what we have now is a world-class organisation. We have built a truly customer-centric company which will continue to extend its model of best-in-class service for the benefit of the international user - be it buyer or merchant. That’s why I can easily say that I surely haven’t made my last purchase on Allegro.”

Allegro.eu is a Luxembourg public limited liability company (société anonyme), registered office: 1, rue Hildegard von Bingen, L – 1282 Luxembourg, Grand Duchy of Luxembourg, R.C.S. Luxembourg: B214830.