Zegna SPAC Presentation Deck

DOS NETWORK EVOLUTION Zegna Branded Products¹ (# DOS²) at year end 238 39 71 46 82 2020A 6 (1) Greater Rest of China APAC Ermenegildo Zegna Group (6) EMEA 7 Americas Greater China 244 46 65 45 88 2023E Rest of APAC Thom Browne (# DOS²) at year end 38 4 6 13 15 2020A EMEA 19 Greater China 3 Rest of APAC Americas 3 I EMEA 5 Americas 68 9 9 16 34 2023E Source: Company information and estimates Notes: Core number of DOS excludes 17 Korea stores, which were converted to franchising in Jan-21 1. Zegna Branded Products include apparel, bags, shoes and small and large leather goods, as well as licensed goods and royalties 2. Includes full price points of sale and outlets CONFIDENTIAL 61

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