Zegna Investor Presentation Deck

A LEADING, MODERN AND INTEGRATED GROUP... €1.2bn 2021E Core revenues €264m 2021E Core Adj. EBITDA The Group at a glance 2765 Core Directly Operated Stores (DOS) at 2020 year-end ~6,050 Total employees ~62% Female employees Ermenegildo Zegna Group Textile & Strategic Alliances 13% I ZEGNA I I Segment | 81% Americas 15% EMEA 25% Other² 1% Revenue split by division (2021E) Rest of APAC 9% Apparel & Accessories revenue split by region (2021E)4 THOM BROWNE. Segment 19% ZEGNA Branded Products¹ 67% Greater China 51% | | | ■ Ermenegildo Zegna Group At the forefront of the modern man The New Era: One Brand, One Icon Timeless elegance TEXTILE ■ ZEGNA SEGMENT Zegna Branded Products¹ ACHILLFARM³: Traceable "From Sheep to Shop" ■ Where it all started The backbone of the | T | Group's Luxury Laboratory ▪ Unique raw material sourcing & manufacturing capabilities I The finest wool in the world | | | THOM BROWNE SEGMENT I THOM BROWNE. NEW YORK I ■ ▪ "Create something Textile & Strategic Alliances that people want, an idea, commitment" ▪ Anchored to the product "substance" ▪ Museum-worth design STRATEGIC ALLIANCES Craftsmanship excellence on the back | of a century-long experience Partner of choice of leading luxury brands Sources: Company information and Company information and Management estimates as of Jun-21 for 2021E Zegna business plan Notes: See Appendix for important information about Core and other non-IFRS financial metrics 1. Zegna Branded Products include apparel, bags, shoes and small and large leather goods, as well as licensed goods and royalties 2. Includes eliminations for transactions between Zegna Segment and Thom Browne Segment, accounting adjustments and other minor businesses belonging to the Zegna Segment 3. Achillfarm will be demerged as part of the real estate business disposition that is expected to occur prior to the consummation of a potential transaction. Zegna will continue to source raw materials from Achillfarm following such demerger 4. Based on Zegna Branded Products and Thom Browne Segment, excluding Textile & Strategic Alliances 5. Core number of DOS excludes 17 Korea stores, which were converted to franchising in Jan-21, and Agnona stores following disposition 6. As of Jan-21 1 CONFIDENTIAL

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