Adevinta — Board/Management Information 2023

Jun 1, 2023

Adevinta and Prosus' JV OLX Brasil Appoints New Chief Executive Officer - Olivier Aizac takes over from Andries Oudshoorn

Adevinta and Prosus' JV OLX Brasil Appoints New Chief Executive Officer - Olivier Aizac takes over from Andries Oudshoorn

São Paulo and Oslo, 1 June 2023 - OLX Brasil, one of the leading buying and

selling online platforms in Brazil, in agreement with its shareholders, Prosus

and Adevinta, welcomes the arrival of Olivier Aizac as Chief Executive Officer

(CEO). Aizac takes over from Andries Oudshoorn, effective today.

Andries has led the business through multiple key growth stages. In 2011, he

moved to Brazil to found bomnegócio.com and scaled the business to 17 million

unique buyers and sellers in 2014. In 2015, bomnegócio.com and OLX merged,

starting a second wave of user and revenue growth. Revenue grew 17.5x from BRL

20 million in 2014 to BRL 350 million in 2019 (CAGR of 77%), reaching 100m

unique buyers and sellers. The acquisition of Grupo Zap was completed in 2020

and significant performance and efficiency initiatives were launched to turn

around the acquired company, with clear results in Q1 2023 when the EBITDA

margin reached 36% for the combined company.

OLX Brasil achieved BRL 987 million in revenue in 2022. OLX and ZAP+ have

established themselves as leading brands in their segments, real estate, auto

and second-hand products. OLX is also a circular economy pioneer in Brazil,

encouraging the buying and selling of used products.

Ajay Bhatia, Chairman of the Board of OLX Brasil, commented:  "We extend our

sincere gratitude to Andries for his exceptional leadership and significant

contributions to OLX Brasil. His strategic vision and tireless dedication set a

high standard for the company. As we start this new chapter, we are confident

that Olivier, with his proven experience and deep understanding of the digital

marketplace, will continue to guide the company on its successful path."

Olivier's career to date has focused on the development of different digital

businesses, including founding and scaling up leboncoin.fr, the leading online

marketplace in France - part of Adevinta's portfolio - as well as serving on

OLX's Board from 2015 until 2018. He has also led Webedia Brasil, a digital

entertainment company, in addition to Holu Solar, a green technology startup.

During the leadership transition, Andries will continue to strategically advise

and support Olivier as he onboards into his new role.

Olivier Aizac added: "It's a great honor to take the helm of a company that has

revolutionized online marketplaces. Building on Andries' achievements, I am

committed to nurturing the innovative spirit of the team, pushing further growth

and leading OLX Brasil into its next chapter of success."

-end-

Media contact:

press@adevinta.com (mailto:press@adevinta.com)

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About OLX Brasil

In Brazil since 2010, OLX Brasil has the mission of empowering people to achieve

their dreams, reinventing the consumption model. With the acquisition of Grupo

ZAP, completed in November 2020, OLX Brasil operates OLX, a horizontal platform

with a leading position in the categories of Autos, Real Estate and used goods

and two leading real estate verticals, Zap and Vivareal.

OLX Brasil shareholders are the main global media and marketplaces investment

groups Prosus NV (50%), listed on the Amsterdam stock exchange and Adevinta ASA

(50%), listed on the stock exchange in Norway.

About Adevinta

Adevinta is a leading online classifieds specialist, operating digital

marketplaces in 11 countries. The company provides technology-based services to

connect buyers with sellers and to facilitate transactions, from real estate to

motors, and consumer goods.

Adevinta's portfolio spans more than 25 digital brands, covering one billion

people and attracting approximately 2.5 billion average monthly visits. Noted

assets include top-ranked leboncoin in France, Germany's leading classifieds

sites mobile.de and Kleinanzeigen, Marktplaats in the Netherlands, Fotocasa,

Habitaclia and InfoJobs in Spain, Subito in Italy, and 50% of fast-growing OLX

Brasil. Adevinta employs around 5,700 people, including some 3,000 working in

product and technology teams, committed to supporting users and customers daily.

Adevinta is a sustainability leader within the Dow Jones Sustainability Index

(DJSI) Europe. Find out more at Adevinta.com (https://www.adevinta.com/).

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