Zegna Results Presentation Deck

OUTLOOK* Medium-term Financial Ambitions (announced on May 17, 2022) Revenues to exceed €2 billion Adjusted EBIT Margin to reach at least 15% of revenues Excluding the Tom Ford Fashion segment ● ● ● Since then ● ● Mid-term defined as 2025 Ermenegildo Zegna Group TOM FORD FASHION business deal announced on November 15, 2022 and completed on April 28, 2023 - excluded from the above financial ambitions The Group expects that the forthcoming 1H 2023 and FY 2023 results will demonstrate it is on the trajectory to comfortably meet these targets, as shown by 1H 2023 revenues Assuming no further future escalation of the war in Ukraine, no significant macroeconomic deterioration, no further disruption linked to the COVID-19 pandemic in the Greater China Region or elsewhere, and no other unforeseen events. Excluding the impact of the TOM FORD FASHION business transaction announced on November 15, 2022, and closed on 28 April 2023 20

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