Investor Presentaiton

Polish Operations Adjusted EBITDA grew by 41% YoY in Q4 mainly driven by success fee and co-financing increases combined with improving SG&A efficiency Adjusted EBITDA bridge in Q4 20221 PLN m 4.0% 31.3% 501.2 44.7 319.9 4.9% 34.9% 32.1 707.7 -1.2 -135.9 -53.0 Q4 2021 Market place Advertising Net costs Net other EBITDA of delivery items² Marketing costs Other SG&A³ Q4 2022 . • GMV growth at higher take rates drive marketplace revenue growth Growing contribution of margin-accretive advertising revenue Net costs of delivery up by 0.52pp of GMV YoY4 driven by increasing Smart! GMV share and November cost indexation, with courier share broadly flat YoY and down by approx. 3pp QoQ Q4 saw the full lapping of 2021 courier MOV drop, with delivery cost indexation driving approx. 7% YoY rise in delivery cost per unit Tight cost control, with adjusted SG&A5 growth slowing to 11% YoY in Q4 (vs 26% in FY 2022), helped by limited and tightly controlled hiring since Q2 and a steady marketing spend to GMV ratio revenue % GMV margin % Revenue margin 1. All amounts calculated after excluding items treated as adjustments to EBITDA 2. Other revenue, price comparison revenue, retail margin and payments charges. Includes the impact of PLN21.9m reclassification described in footnote number 4 3. Other SG&A incl. staff costs, IT costs, net impairment costs and other expenses (where not included in advertising EBITDA contribution) 4. Including PLN 21.9m of Smart! delivery subsidies reclassified from 1P cost of sales to! net cost of delivery in Q4 2022 5. SG&A costs adjusted in line with EBITDA adjustments | 16

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