10 Year Anniversary Overview

It’s Been A Remarkable 10 Years! YEARS ® ANNIVERSARY 2009 The Beginning! First NOAH Conference Takes Place in London Startups Welcomed on Stage (SevenVentures Pitch Day) November 2009 Workshop Stage Featuring Best-In-Class Service Providers NOAH Books Initiative: Industry Directories for the Ecosystem 2010 November 2013 NOAH London Moves to Old Billingsgate November 2011 2011 2012 NOAH Bible (Newsletter): A Valuation / KPI Snapshot for European Internet May 2015 NOAH Conference Expands to Berlin NOAH Connect App v1: Bringing the NOAH June 2015 2013 Famous Networking Online May 2016 Dedicated Start-up Stage for the Unicorns of the Future NOAH Conference is Streamed Live for the 2014 First Time June 2016 2015 Pre-Event Matchmaking: Making NOAH the Most Productive Conference Ever 2016 September 2017 Our Special 10th Anniversary NOAH Conference Expands to Tel Aviv of NOAH London March 2018 October 2018 2017 NOAH Public Companies: Europe’s First Free Internet Trading Comps May 2018 YEARS 2018 ANNIVERSARY 1

THE TOP 100 DIGITAL EUROPEAN M&A DEALS BY SIZE IN THE LAST 8 YEARS We hosted on main stage 52% of the top 100 digital M&A Exits (€51bn combined EV) in Europe since the launch of NOAH Conference in Nov 2009 Date Acquiror Target Target Country Adjusted EV (€m) Jun 16 Tencent Supercell (84%) Finland 9,687 Aug 15 Paddy Power Betfair Group (merger) UK 6,824 May 11 Microsoft Skype Luxemburg 5,899 Nov 15 Activision Blizzard King.com UK 4,539 Oct 17 Hellman & Friedman Nets Group Denmark 4,290 Mar 15 YOOX Net-a-Porter (merger) UK 3,120 Oct 16 Cinven, Permira, Mid Europa Allegro Poland 3,033 May 17 Moody’s Bureau van Dijk Netherlands 3,000 May 18 Silver Lake; GIC Special Investments ZPG UK 2,850 Jul 18 EQT Partners SUSE Germany 2,272 Oct 15 Naspers Avito (50.6%) Russia 2,152 Jan 14 Apax Partners Trader Media Group UK 2,126 Nov 13 Hellman & Friedman Scout24 Germany 2,000 Sep 14 Microsoft Mojang Sweden 1,932 May 18 PayPal iZettle Sweden 1,864 Dec 16 Go Daddy Host Europe Group Germany 1,690 Dec 16 Ctrip Skyscanner UK 1,622 Sep 14 mail.ru Vkontakte (remaining 48%) Russia 1,598 Jul 17 Ingenico Bambora Sweden 1,500 Jul 16 AVAST Software AVG Technologies Netherlands 1,170 Mar 15 Optimal Payments Skrill UK 1,100 Jan 17 Zhejiang Jinke Entertainment Outfit7 Slovenia 1,000 May 14 Permira Teamviewer Germany 870 Jun 13 Google Waze Israel 863 Sep 14 Access Industries Perform Group UK 858 Jul 14 Ingenico GlobalCollect Netherlands 820 Dec 12 Expedia trivago (61.6%) Germany 774 Feb 14 CVC Capital Partners Avast Software Czech Republic 738 Jul 15 Deutsche Boerse 360T Germany 725 Jun 18 Alibaba Trendyol Turkey 661 Feb 14 Rakuten Viber Cyprus 658 Dec 14 Adobe Fotolia Europe 645 Sep 10 Axel Springer Verlag SeLoger (87.6%) France 634 Aug 18 Siemens Mendix Netherlands 628 Feb 15 Rocket Internet HelloFresh (51.7%) Germany 623 Jan 15 KKR thetrainline.com UK 595 May 15 Delivery Hero Yemek Sepeti (88.6%) Turkey 594 Feb 17 Priceline Group Momondo Group UK 586 Oct 15 Exponent. Electra PhotoBox UK 546 Jul 13 Cinven Host Europe UK 508 Apr 16 Vente-Privée Privalia Spain 500 Feb 15 Rocket Internet Delivery Hero (30%) Germany 496 Mar 16 HgCapital Raet Netherlands 470 Jul 13 TPG TSL Education UK 464 Aug 18 Hewlett Packard Apogee Corporation UK 456 May 18 Oracle Grapeshot UK 454 Mar 14 BC Partners CarTrawler Ireland 450 Feb 11 Odigeo (AXA and Permira) Opodo UK 450 Feb 15 Immowelt Immonet (merger) Germany 420 Apr 11 TA & Summit Bigpoint Germany 408 Sep 10 Schibsted LeBoncoin (remaining 50%) France 400 Jan 14 Zynga NaturalMotion UK 388 Oct 14 Publicis Matomy (24.9%) Israel 383 Jan 14 Google DeepMind United Kingdom 365 Jan 13 Ingenico Ogone Belgium 360 Dec 17 Apple Shazam UK 353 Feb 12 Ahold Bol.com Netherlands 350 Jul 18 Orange Basefarm Norway 350 Aug 14 Delivery Hero Pizza.de Germany 300 Aug 15 Ströer InteractiveMedia Germany 300 Jul 10 Permira eDreams Spain 300 Sep 16 ProSiebenSat.1 Parship (51%) Germany 300 Mar 17 Altice Teads.tv France 300 Jul 18 Scout24 Finanzcheck.de Germany 285 Apr 16 Rakuten Cabify Spain 283 Feb 13 Partners Group Softonic (30%) Spain 275 Jul 18 EQT Partners Banking Circle Denmark 272 Jul 18 Ultimate Software PeopleDoc France 272 Sep 18 Munich Re Relayr Germany 272 Jun 15 Vivendi DailyMotion (80%) France 271 Mar 16 Shandong Hongda Mining Co. Jagex UK 270 Jun 15 7Commerce Verivox (80%) Germany 262 Jul 14 KKR Scout24 Schweiz & Omnimedia (49%) Switzerland 262 Apr 15 Zoopla uSwitch UK 260 May 17 MTG InnoGames (30%) Germany 260 Dec 14 eSure Gocompare (50%) UK 241 Jan 11 Amazon LoveFilm UK 236 Feb 17 Take-Two Social Point Spain 234 Feb 15 Tamedia Ricardo Switzerland 228 May 12 NTT DOCOMO Buongiorno Italy 223 Aug 12 AXA Private Equity Bestsecret.com Germany 223 Aug 15 Adidas Runtastic Austria 220 May 15 Recruit Holdings Wahanda (70%) UK 218 Mar 15 Recruit Holdings Quandoo (92.9%) Germany 213 Jun 12 Naspers Netretail (79%) Netherlands 213 Apr 16 AccorHotels OneFineStay UK 212 Dec 14 Host Europe Intergenia Germany 210 Dec 16 General Atlantic Hemnet (majority stake) Sweden 208 May 11 LBO France Promovacances France 200 Jun 10 Rakuten PriceMinister France 200 Jul 18 Stamps.com MetaPack UK 197 Jun 14 Bestseller M&M Direct UK 177 Mar 11 Privalia Dress for Less Germany 175 Jan 17 EMK Luminati Israel 170 Apr 16 Nokia Withings France 170 May 14 Axel Springer Digital Yad2 Israel 167 Sep 14 Neiman Marcus Mytheresa.com Germany 150 May 16 eBay Ticketbis Spain 148 Jul 18 Takeaway 10bis Israel 135 Jun 17 Hoffman Contorion Germany 130 Note: Digital Companies trade sale exits (only one most recent deal counted per company). Green font denotes speaker at NOAH. 2

The Conference for the Industry YEARS ® ANNIVERSARY VENTURE CAPITAL A 91 A 76 A 68 A 52 S 10 S 4 S 6 S 6 A 42 eventures A 30 A 22 A 4 S 6 S 2 S 6 S 1 GROWTH A 46 A 37 A 25 A 20 S 1 S 1 S 4 S 1 A 10 A 6 A 2 A 9 S 1 S 1 S 1 A Attendees at NOAH S # of times speaking at NOAH 3

The Conference for the Industry YEARS ® ANNIVERSARY BUYOUT A 74 A 61 A 14 A 29 S 3 S 3 S 1 Top Investors Come to NOAH Regularly! Total Attendees over the Last 8 Years 1. Lakestar 91 26. HgCapital 23 2. Index Ventures 76 27. Earlybird Venture Capital 23 3. Hellman & Friedman 74 28. Atomico Ventures 22 4. Holtzbrinck Ventures 68 29. NGP Capital 20 5. KKR 61 30. Northzone 20 6. SevenVentures 61 31. Oakley Capital 20 7. Target Global 52 32. Frog Capital 20 8. Vitruvian Partners 49 33. HPE Growth Capital 19 9. General Atlantic 46 34. Scottish Equity Partners 17 10. Accel Partners 42 35. Highland Capital Partners 17 11. TA Associates 37 36. Mangrove Capital 17 12. Eight Roads 37 37. Silver Lake Partners 16 13. Summit Partners 33 38. DN Capital 16 14. Macquarie Capital 32 39. TPG Capital 16 15. MCI Capital 32 40. InVenture Partners 15 16. e.ventures 30 41. Providence Equity 15 17. Acton Capital 30 42. DTCP 15 18. EQT Partners 29 43. Advent International 14 19. TCV 29 44. Balderton Capital 14 20. Spectrum Equity Investors 25 45. Harbert Management Corporation 14 21. Maryland 25 46. Permira 14 22. Partech Ventures 25 47. Endeit 13 23. Insight Venture Partners 25 48. Vulcan Capital 13 24. Project A Ventures 24 49. Creathor Venture 13 25. Goldman Sachs 24 50. EMK Capital 13 A Attendees at NOAH S # of times speaking at NOAH 4

Key Investors in Digital: YEARS All Come to NOAH! ® ANNIVERSARY 10x Daphni HV Holtzbrinck Ventures Prime Ventures 3i Data Ventures iAngels Project A 3TS Capital Partners Davidson Technology Growth Debt IBB Beteiligungsgesellschaft PropTech1 Ventures 3w Ventures Deutsche Boerse DB1 idinvest Partners ProSiebenSat.1 Accelerator 83North Dieter Von Holtzbrinck iLab Ventures Providence Equity A5 Capital Partners DN Capital iMENA Group Quadriga Capital Accel DST Global Investments Index Ventures Rebate Networks ACE & Company DTCP InMotion Ventures Red Dot Capital Partners Activant Capital DuMont Digital Innogest SGR Redalpine Venture Partners Active Venture Partners e.capital Innogy Ventures Redline Capital Acton Capital Partners e.ventures Inovo.vc Red-stars.com data AD4ventures Earlybird Insight Venture Partners Redstone Alchimia Fund EBRD Venture Capital Intel Capital REV Venture Partners Aleph Edison Venture Capital International Finance Corporation Rheingau Founders Allianz Ventures Egmont Inven Capital ricon GmbH Almaz Capital Eight Roads InVenture Partners Riverside Company Alstin Alternative Strategy Investments Elaia Partners Invicta Angels Riverwood Capital Amadeus Capital Partners EMK Capital Iris Capital Rocket Internet Apax Endeit Capital IST CUBE Management RTA Ventures Ardian enern JAL Ventures Run Capital Ariadne Capital Enterprise Investors Jerusalem Venture ru-Net Astutia Ventures Entrée Capital Jolt Capital Russia Partners Atlantic Labs EQT Partners K - Fund Saban Ventures Atomico ESN Capital Group Kennet Partners Scottish Equity Partners (SEP) AVentures Capital ESO Capital Kinetik Seaya Ventures AXA Strategic Ventures Eurazeo Kinnevik Senovo AXA Venture Partners eValue Group Kite Ventures Seventure Partners Axel Springer Accelerator Exponent Private Equity Kizoo Technology Capital SevenVentures b10 Felix Capital KKR Shark Bites BackBone Ventures Fielmann Ventures Klever Internet Investments SigmaLabs Accelerator Baillie Gifford FinLeap Korelya Capital Silicon Valley Bank Bain Capital Finnvera Venture Capital KPN Ventures Silver Lake Partners Balderton Capital Finparx Kreos Capital Sinai Ventures BauerVenture Partners Finstar Financial Group Lakestar Singtel Innov8 BayBG FinTLV Ventures LeadX Capital Partners Smartfin VC BCG Digital Ventures FJ Labs LetterOne Technology Smedvig Capital Bellevue Investments Fluxunit – OSRAM Ventures Levensohn Venture Partners Spectrum equity Beringea Follow [The] Seed Lumia Capital Speedinvest Berlin Innovation Ventures Francisco Partners Luxor Capital SpeedUp Venture Capital Group Berlin Technologie Holding Frog Capital M2P Ventures Stripes Group Berlin Ventures Frontier Digital Ventures Macquarie Capital STS Ventures Berliner Volksbank Ventures FSN Capital Partners Magma Venture Partner Sued Beteiligungen GmbH Bessemer Venture Partners Gener MairDumont Ventures Summit Partners BFB Brandenburg Kapital General Atlantic Mangrove Capital Partners Swisscom Ventures BlackFin Capital Partners Generation Capital Maryland TA Associates Blackstone Group Generation IM MassMutual Ventures TA Ventures Blumberg Capital GENUI Maxburg Capital Partners Talis Capital bmp Ventures German Media Pool Mayfair Equity Partners Tamedia BMW iVentures German Startups Group MCI Capital Target Global BnL Growth Partners Gimv Media + More Beteiligungs Target Partners Boerste Stuttgart - Digital Ventures Global Founders Capital Mid Europa Partners TCV BoldStart Ventures Global Growth Capital MizMaa Ventures TechFounders Bootstrap Europe GMT Communications Partners Mountain Partners Techstars METRO Accelerator Bregal Investments Goldman Sachs Private Capital Munich Venture Partners Tengelmann Ventures Bridgepoint GPI Capital Mutschler Ventures Top Tier Capital Partners btov Partners GPS Ventures Nauta Capital TPG Buildit Accelerator GR Capital Next Media Accelerator Trilantic Capital Partners Burda Digital Grazia Equity Next World Capital U - Start Burda Principal Investments Great Hill Partners next47 UniCredit evo CapHorn Invest Griffon Capital NGP (Nokia Growth Partners) Unternehmertum Venture Capital Partners Capital300 Grove Ventures Northzone Uplift Ventures Capnamic Ventures GV - Google Ventures Nova Founders Capital Valerian Capital Partners Capvis Equity Partners H. I. G. European Capital Partners NWZ Digital Ventech Care4 AG Hammer Team O.G. Tech Ventures Venturate Catalyst Investors Hanse Ventures Oakley Capital Verdane Capital Cathay Innovation Harbert European Growth Capital One Peak Partners Via ID Cavalry Ventures Hedosophia OpenOcean Vintage Investment Partners Channel 4 Heinen Verlag Ventures Orange Growth Capital Viola Ventures Check24 Ventures Hellman & Friedman OTB Ventures Vito Ventures Cherry Ventures Henkel Ventures P101 Ventures Vitruvian Partners Citi Ventures henQ Palamon Capital Partners Vogel Ventures Claltech H-FARM Ventures Partech Ventures Vorwerk Ventures Columbia Lake Partners Hg Capital Partners Group Vulcan Capital CommerzVentures Highland Capital Partners Permira W Ventures Concentric High-Tech Gruenderfonds PFR Ventures Warburg Pincus Constantia New Business Ho.Re.Ca.digital Pitango Venture Capital WestTechVenture Coparion Holding Italiana 14 Piton Capital White Star Capital Creandum Holtzbrinck Digital Pix Vine Capital XAnge Creathor Ventures Horizon Capital Point Nine Capital xVentures cumberland.vc HPE Growth Capital Pomegranate Investment Yeahmobi Curious Capital hub:raum Portugal Ventures Zouk Capital 5

Bringing The Industry Giants Together On Stage YEARS Speaker Highlights from Recent NOAH Conferences ® ANNIVERSARY Herbert HainerHerbert Hainer Pieter van der Does Eric SchmidtEric Schmidt Niklas ZennströmNiklas Zennström Hakan Koç Dr. Mathias Döpfner Former CEOFormer CEO CEO Executive ChairmanExecutive Chairman Founder & CEOFounder & CEO Founder & MD CEO Glenn Fogel Henry Blodget Dr. Dieter Zetsche Niklas Östberg Dr. Richard Lutz Christian Sewing CEO CEO Chairman of the CEO CEO CEO Management Board Martin Schulz Al Gore Arianna Huffington Joey Levin Ralph Hamers Klaus Hommels Former President of the Chairman Co-Founder CEO CEO Founder & CEO European Parliament Olaf Koch Valentin Stalf Oliver Samwer Dr. Bernd Montag John Collison Rolf Schrömgens Chairman of the Co-Founder & CEO Founder & CEO CEO Co-Founder Co-Founder & CEO Management Board Friedrich Joussen Dara Khosrowshahi Travis Kalanick Sir Martin Sorrell Robert Gentz Mikkel Svane CEO CEO Co-Founder Former CEO CEO CEO 6