Zegna SPAC Presentation Deck

ZEGNA GROUP CORE REVENUES EVOLUTION BY CHANNEL (€m) Textile & Strategic Alliances 206 1,306 97 110 277 804 2019A Ermenegildo Zegna Group 18 151 T 1,207 75 76 243 798 2021E DTC 15 164 DTC +3.1% CAGR Wholesale¹ 74 growth mostly driven by Thom Browne roll-out, Zegna productivity and digital for both segments 28 driven by Thom Browne Wholesale growth and Zegna recovery (close to 2019 levels); Travel Retail as a key factor in APAC Wholesale ¹ Textile & Strategic Alliances 4 Textile & Strategic Alliances Textile Strategic Alliances Other minor ² 180 Other minor² 1,476 54 126 317 961 2023E CAGR 2019A-23E 19 (14%) +4% +3% +5% Sources: Company information and estimates Notes: See Glossary for relevant definitions. 1. Also includes royalties 2. Includes eliminations for transactions between Zegna Segment and Thom Browne Segment, and other minor business belonging to the Zegna Segment CONFIDENTIAL 49

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