Zegna SPAC Presentation Deck

4. Key financials overview ZEGNA GROUP CORE REVENUES EVOLUTION BY GEOGRAPHY (€m) Textile & Strategic Alliances 206 1,306 97 110 151 213 302 126 441 41% 2019A Ermenegildo Zegna Group 18 // 1,207 75 76 155 260 96 530 51% 2021E Greater China 15 60 Greater China Rest of APAC 44 Rest of APAC EMEA 1 I +3.1% CAGR • 88 return to pre-COVID levels • Americas decline vs. 2019 Wholesale (and FX) EMEA 45 Americas Americas 28 Textile & Strategic Alliances Textile & Strategic Alliances Textile Strategic Alliances Greater China revenues as a % of Apparel & Accessories revenues² 4 180 Other minor ¹ Other minor¹ 1,476 54 126 200 348 140 590 46% 2023E CAGR 2019A-23E 19 (14%) +4% (2%) +4% +3% +8% Sources: Company information and estimates Notes: See Appendix for important information about Core and other non-IFRS financial metrics 1. Includes eliminations for transactions between Zegna Segment and Thom Browne Segment, and other minor business belonging to the Zegna Segment 2. Based on Zegna Branded Products and Thom Browne Segment, excluding Textile & Strategic Alliances CONFIDENTIAL 38

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