Zegna Investor Presentation Deck

4. Key financials overview ZEGNA GROUP'S NUMBERS AT A GLANCE Ermenegildo Zegna Group Ermenegildo Zegna Group 2021E Core revenues¹ €1,207m 2021E Core Adj. EBITDA €264m 2021E Core Adj. EBIT €111m 2021E Greater China share of Apparel & Accessories revenues² 51% (vs. 41% in 2019) 2021E DTC3 share of Apparel & Accessories revenues² 77% (vs. 74% in 2019) 2021E Core net financial indebtedness4 €84m Sources: 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. Includes €8m eliminations between Segments 2. Based on Zegna Branded Products and Thom Browne Segment, excluding Textile & Strategic Alliances 3. Includes e-commerce revenues 4. Computed as (+) debt items (-) cash items; includes €92m one-off cash outflows, i.e. €43m related to purchase price and related charges for the acquisition of 50% of the New Bond Street (London) building, €6m cash contribution to Agnona, €32m related to the acquisition of a 5% stake in Thom Browne and €11m impact from Ubertino's 60% stake acquisition and Biagioli's 40% stake acquisition; does not include the €9.6m cash-out related to the purchase of an additional 10% interest in Lanificio Ermenegildo Zegna e Figli S.p.A. to be paid by the end of 2021 CONFIDENTIAL 33

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