Temasek Agrees To Purchase Over 14.1M In Ermenegildo Zegna Treasury Shares, At Price Of $8.95/Shr

• Ermenegildo Zegna Group and Temasek signed a share purchase and investor rights agreement under which the Italian Group will sell 14.1m in the Company's treasury shares to the Singapore-headquartered investment company at a price of $8.95 per share
• Upon closing, Temasek will hold, in total, 26.8m shares, equal to 10% of Ermenegildo Zegna Group's ordinary shares outstanding, having previously acquired 12.7m shares on the market
• At the completion of the purchase, the Ermenegildo Zegna Group will receive $126.4m in cash
• Nagi Hamiyeh, Head of EMEA of Temasek, is expected to become a non-executive member of the Board of Directors at its next annual General Meeting
• The transaction affirms the strength of the Ermenegildo Zegna Group's vision and enhances its financial flexibility to support the organic growth of its current brands' portfolio

Ermenegildo Zegna N.V. (NYSE:ZGN) (the "Company" and, together with its consolidated subsidiaries, the "Ermenegildo Zegna Group" or the "Group") and Venezio Investments Pte. Ltd., an indirect wholly-owned subsidiary of Temasek Holdings (Private) Limited ("Temasek") today announced an agreement under which the Singapore-headquartered investment company will invest in the Italian luxury Group. Temasek has agreed to purchase 14,121,062 in the Company treasury shares, at a price of $8.95 per share (the "Transaction"), in line with the volume-weighted average of ZGN shares' prices over the period from June 30 to July 25, 2025. Temasek has previously acquired 12,699,981 ordinary shares of the Company through market purchases which, together with the shares to be acquired in the Transaction, will represent a 10% stake in the Company's ordinary share capital outstanding after conclusion of the Transaction.