<SEC-DOCUMENT>0001104659-22-100621.txt : 20220916
<SEC-HEADER>0001104659-22-100621.hdr.sgml : 20220916
<ACCEPTANCE-DATETIME>20220916064656
ACCESSION NUMBER:		0001104659-22-100621
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		15
CONFORMED PERIOD OF REPORT:	20220916
FILED AS OF DATE:		20220916
DATE AS OF CHANGE:		20220916

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MYT Netherlands Parent B.V.
		CENTRAL INDEX KEY:			0001831907
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-CATALOG & MAIL-ORDER HOUSES [5961]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			P7
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39880
		FILM NUMBER:		221246926

	BUSINESS ADDRESS:	
		STREET 1:		EINSTEINRING 9
		CITY:			ASCHHEIM/MUNICH
		STATE:			2M
		ZIP:			85609
		BUSINESS PHONE:		49 89 127695-148

	MAIL ADDRESS:	
		STREET 1:		EINSTEINRING 9
		CITY:			ASCHHEIM/MUNICH
		STATE:			2M
		ZIP:			85609
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tm2225775d2_6k.htm
<DESCRIPTION>FORM 6-K
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Form 6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURSUANT TO SECTION&nbsp;13a-16 OR 15d-16</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNDER THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>For the month of September 2022</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Commission File Number: 001-39880</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 14pt"><B>MYT NETHERLANDS
PARENT B.V.</B></FONT><BR>
(Exact Name of Registrant as Specified in its Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Einsteinring 9<BR>
85609 Aschheim/Munich<BR>
Germany<BR>
+49 89 127695-614<BR>
</B>(Address of principal executive offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Form 20-F&nbsp;<FONT STYLE="font-family: Wingdings">x</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form
40-F <FONT STYLE="font-family: Wingdings">o</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation&nbsp;S-T Rule&nbsp;101(b)(1):&nbsp;<FONT STYLE="font-family: Wingdings">o</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation&nbsp;S-T Rule&nbsp;101(b)(7):&nbsp;<FONT STYLE="font-family: Wingdings">o</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">MYT Netherlands Parent B.V. announced that it will hold its annual
general meeting of shareholders (AGM) on October 27, 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

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  <TD STYLE="width: 1in"><B><U>Exhibit No</U>.</B></TD>
  <TD><B><U>Description&#9;</U></B></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 1in"><A HREF="tm2225775d2_ex99-1.htm" STYLE="-sec-extract: exhibit">99.1</A></TD>
  <TD><A HREF="tm2225775d2_ex99-1.htm" STYLE="-sec-extract: exhibit">MYT Netherlands Parent B.V. Dutch Statutory Annual Report for the Financial Year Ended 30 June 2022.</A></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"></P>

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<TR STYLE="vertical-align: top">
  <TD STYLE="width: 1in"><A HREF="tm2225775d2_ex99-2.htm" STYLE="-sec-extract: exhibit">99.2</A></TD>
  <TD><A HREF="tm2225775d2_ex99-2.htm" STYLE="-sec-extract: exhibit">Convening Notice of the Annual General Meeting of Shareholders</A></TD></TR>
</TABLE>


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  <TD STYLE="width: 1in"><A HREF="tm2225775d2_ex99-3.htm" STYLE="-sec-extract: exhibit">99.3</A></TD>
  <TD><A HREF="tm2225775d2_ex99-3.htm" STYLE="-sec-extract: exhibit">Agenda for the Annual General Meeting of Shareholders</A></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MYT Netherlands Parent B.V.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Martin Beer</FONT></TD></TR>
  <TR>
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 4%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="padding-left: 5pt; vertical-align: bottom; width: 46%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dr. Martin Beer</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="padding-left: 5pt; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Financial Officer</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date: September 16, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B></B></P>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tm2225775d2_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<p style="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><b>Exhibit 99.1</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><font style="font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 10pt; text-transform: uppercase"><b>Annual
Report</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 10pt; text-transform: uppercase"><b>MYT
Netherlands Parent B.V.</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 10pt; text-transform: uppercase"><b>FOR THE
Year ENDED June&nbsp;30, 2022</b></font>&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="background-color: white"><b>TABLE
OF CONTENTS</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td colspan="2" style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Dutch
    Statutory Directors and Supervisory Board Report</font></td>
    <td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3</font></td></tr>
  <tr style="vertical-align: top">
    <td style="width: 6%">&nbsp;</td>
    <td style="width: 84%">&nbsp;</td>
    <td style="text-align: right; width: 10%">&nbsp;</td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1. Introduction</font></td>
    <td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3</font></td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2. Company and Business Overview</font></td>
    <td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6</font></td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3. Financial Overview</font></td>
    <td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18</font></td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">4. Risk Management and Risk Factors</font></td>
    <td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38</font></td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">5. Corporate Governance</font></td>
    <td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97</font></td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">6. Compensation Report</font></td>
    <td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110</font></td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">7. Related Party Disclosures</font></td>
    <td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114</font></td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">8. Protective Measures</font></td>
    <td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115</font></td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td style="text-align: right">&nbsp;</td></tr>
  <tr style="vertical-align: top">
    <td colspan="2" style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SIGNATURES</font></td>
    <td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116</font></td></tr>
  <tr style="vertical-align: top">
    <td colspan="2" style="text-align: justify">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td></tr>
  <tr style="vertical-align: top">
    <td colspan="2" style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Financial
    Statements Fiscal Year 2022</font></td>
    <td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118</font></td></tr>
  <tr style="vertical-align: top">
    <td colspan="2" style="text-align: justify">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">9. Consolidated Financial Statements as of June&nbsp;30,
    2022</font></td>
    <td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118</font></td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">10. Separate Financial Statements as of June&nbsp;30,
    2022</font></td>
    <td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169</font></td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td style="text-align: right">&nbsp;</td></tr>
  <tr style="vertical-align: top">
    <td colspan="2" style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Other
    Information</font></td>
    <td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183</font></td></tr>
  <tr style="vertical-align: top">
    <td colspan="2" style="text-align: justify">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">11. Other information</font></td>
    <td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183</font></td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">12. Independent auditor&rsquo;s report</font></td>
    <td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183</font></td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Dutch Statutory Directors and Supervisory
Board Report</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>1. Introduction</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In this annual report, the
terms &ldquo;we,&rdquo; &ldquo;us,&rdquo; the &ldquo;company,&rdquo; or &ldquo;Mytheresa&rdquo; or similar terms shall mean MYT Netherlands
B.V. and, as the context requires, its subsidiaries. The consolidated financial statements and financial information included in this
Annual Report were prepared for MYT Netherlands its and consolidated subsidiaries.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our financial information
is presented in Euros. For the convenience of the reader, we have translated some of our financial information into U.S. Dollars. Unless
otherwise indicated, these translations were made at the rate of &euro;1.00 to $1.185 and &euro;1.00 to $1.047, the noon buying rate
of the Federal Reserve Bank of New York on June&nbsp;30, 2021 and June&nbsp;30, 2022, respectively. Such U.S. Dollar amounts are not
necessarily indicative of the amounts of U.S. Dollars that could actually have been purchased upon exchange of Euros at the dates indicated.
All references in this Annual Report to &ldquo;dollar,&rdquo; &ldquo;USD&rdquo; or &ldquo;$&rdquo; mean U.S. Dollars and all references
to &ldquo;&euro;&rdquo; or &ldquo;euro&rdquo; mean Euros.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

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<td style="width: 0"></td><td style="width: 0.25in"><b>1.1.</b></td><td style="text-align: justify"><b>Preparation</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This annual report has been
prepared by Mytheresa's management and has been approved by Mytheresa's management board (the &quot;management board&quot;) and Mytheresa's
supervisory board (the &quot;supervisory board&quot;). It contains (i)&nbsp;the Dutch statutory annual report pursuant to Section&nbsp;2:391
of the Dutch Civil Code (&quot;DCC&quot;), (ii)&nbsp;Mytheresa's Dutch statutory annual accounts as defined in Section&nbsp;2:361(1)&nbsp;DCC
and (iii)&nbsp;the information to be added pursuant to Section&nbsp;2:392 DCC (to the extent relevant). The financial statements included
in sections 9 and 10 of this annual report have been prepared in accordance with the International Financial Reporting Standards, as
adopted by the European Union (&quot;EU IFRS&quot;) and Part&nbsp;9 of Book 2 of the DCC. The report of Mytheresa's independent auditor,
KPMG Accountants N.V., is included in section 12. The Dutch Corporate Governance Code (&quot;DCGC&quot;) recommends that the report includes
separate reports from the management board and the supervisory board. The annual report does not include a separate supervisory annual
report but the annual report includes the information that is required to be included in a supervisory annual report.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

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<td style="width: 0"></td><td style="width: 0.25in"><b>1.2.</b></td><td style="text-align: justify"><b>Defined Terms and key Performance
                                            Indicators in this Annual Report</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Throughout this Annual Report, we use a number
of key terms and provide a number of key performance indicators used by management. These key performance indicators are discussed in
more detail in the sections entitled &ldquo;Item 3: Financial Overview &mdash;3.1. Selected financial data&rdquo; .We define these terms
as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

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<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">&ldquo;active customer&rdquo; means
                                            a unique customer account from which an online purchase was made across our sites at least
                                            once in the preceding twelve-month period.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">&ldquo;Adjusted EBITDA&rdquo; means
                                            net income before finance expense (net), income taxes, and depreciation and amortization,
                                            adjusted to exclude U.S. sales tax expenditures temporarily borne by us, strategic investor
                                            sale preparation costs,&nbsp;IPO preparation and transaction costs, Other transaction-related,
                                            certain legal and other expenses and IPO related share-based compensation expenses. Adjusted
                                            EBITDA is not calculated in accordance with IFRS. For an explanation of why we use Adjusted
                                            EBITDA and a reconciliation to the most directly comparable measure calculated in accordance
                                            with EU IFRS, please see &ldquo;Item 5: Operating and financial review and prospects &mdash;A.
                                            Operating Results&rdquo;.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

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<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">&ldquo;Adjusted Net Income&rdquo;
                                            means net income, adjusted for the impact of U.S. sales tax expenditures temporarily borne
                                            by us, strategic investor sale preparation costs,&nbsp;IPO preparation and transaction costs,
                                            Other transaction-related, certain legal and other expenses and IPO related share-based compensation
                                            expenses, finance expenses on our Shareholder Loans and Retired Shareholder Loans and related
                                            income tax effects connected to the finance expenses on our Shareholder Loans. Adjusted Net
                                            Income is not calculated in accordance with EU IFRS. For an explanation of why we use Adjusted
                                            Net Income and a reconciliation to the most directly comparable measure calculated in accordance
                                            with EU IFRS, please see &ldquo;3.1. Selected financial data&rdquo;.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

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<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">&ldquo;Adjusted Operating Income&rdquo;
                                            means operating income, adjusted for the impact of U.S. sales tax expenditures temporarily
                                            borne by us, strategic investor sale preparation costs,&nbsp;IPO preparation and transaction
                                            costs, Other transaction-related, certain legal and other expenses and IPO related share-based
                                            compensation expenses. Adjusted Operating Income is not calculated in accordance with EU
                                            IFRS. For an explanation of why we use Adjusted Operating Income and a reconciliation to
                                            the most directly comparable measure calculated in accordance with EU IFRS, please see &ldquo;3.1.
                                            Selected financial data&rdquo;.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

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<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">&ldquo;average order value&rdquo;
                                            is an operating metric used by management calculated as the total GMV from online orders
                                            shipped from our sites during the fiscal year ended on the last day of the period presented
                                            divided by the total online orders shipped during the same twelve-month period.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

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<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">&ldquo;contribution profit&rdquo;
                                            means gross profit less shipping, packaging, fulfillment (including personnel), payment expenses
                                            and the portion of marketing expenses attributable to retaining existing customers.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">&ldquo;Gross Merchandise Value&rdquo;
                                            (GMV) is an operative measure and means the total Euro value of orders processed, including
                                            the value of orders processed on behalf of others for which we earn a commission. GMV is
                                            inclusive of product value, shipping and duty. It is net of returns, value added taxes and
                                            cancellations. GMV does not represent revenue earned by us. We use GMV as an indicator for
                                            the usage of our platform that is not influenced by the mix of direct sales and commission
                                            sales. The indicators we use to monitor usage of our platform include, among others, active
                                            customers, total orders shipped and GMV.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

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<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">&ldquo;customer acquisition cost&rdquo;
                                            or &ldquo;CAC&rdquo; means our online marketing expenses, excluding software costs, which
                                            we attribute to acquiring new customers, divided by the number of customers who placed their
                                            first order in the relevant period.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

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<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">&ldquo;full-time equivalents&rdquo;
                                            or &ldquo;FTEs&rdquo; is presented to quantify the number of employees assuming each employee
                                            worked 40 hours per week. Full time employees, who are not conscripted to hours are assumed
                                            to work 40 hours per week.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">&ldquo;lifetime value&rdquo; or &ldquo;LTV&rdquo;
                                            means the cumulative contribution profit attributable to a particular customer cohort, which
                                            we define as all of our customers who made their initial purchase between July&nbsp;1 and
                                            June&nbsp;30 in a given cohort year.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

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<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">&ldquo;net shipped revenue&rdquo;
                                            is an operating metric used by management calculated using total orders shipped, net of returns,
                                            applying a fixed foreign exchange rate for each reporting period.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

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<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">&ldquo;Retired Shareholder Loans&rdquo;
                                            means the convertible preferred equity certificates and variable interest shareholder loans,
                                            which were retired in fiscal 2020. For further information regarding our related party financing
                                            arrangements, refer to Note 3 of the consolidated financial statements included elsewhere
                                            in this Annual Report.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

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<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">&ldquo;Shareholder Loans&rdquo; means
                                            the approximately $217.0 million aggregate principal amount of 6.0% Notes due October&nbsp;9,
                                            2025, and accrued but unpaid interest, of MGG held by a wholly owned U.S. subsidiary of MYT
                                            Holding LLC (&ldquo;MYT Holding&rdquo;), which have been repaid fully in January&nbsp;2021.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">&ldquo;total gross sales&rdquo; means
                                            all sales after cancellations, before returns, and includes associated shipping revenues
                                            and delivery duties collected.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">&ldquo;total orders shipped&rdquo;
                                            means the total number of online customer orders shipped to our customers during the fiscal
                                            year ended on the last day of the period presented.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

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<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">&ldquo;You&rdquo; refers to the reader
                                            of this report.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

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<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">&ldquo;Basis points&rdquo; or &ldquo;BPs&rdquo;
                                            refers to a common unit of measure for interest rates and other percentages in finance. One
                                            basis point is equal to 1/100th of 1%, or 0.01%, or 0.0001, and is used to denote the percentage
                                            change in a financial instrument. The relationship between percentage changes and basis points
                                            can be summarized as follows: 1% change = 100 basis points and 0.01% = 1 basis point.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

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<td style="width: 0"></td><td style="width: 0.25in"><b>1.3.</b></td><td style="text-align: justify"><b>Special note regarding forward-looking
                                            statements</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This annual report contains
forward-looking statements, that are based on our management&rsquo;s beliefs and assumptions and on information currently available to
our management. These statements are neither historical facts nor assurances of future performance. Although we believe that these estimates
and forward-looking statements are based upon reasonable assumptions, they are subject to numerous known and unknown risks and uncertainties,
some of which are beyond our control, and are made in light of the information currently available to us. Our actual results or performance
may differ materially from any future results or performance expressed or implied by these forward-looking statements.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In some cases, you can identify
forward-looking statements by the following words: &ldquo;anticipate,&rdquo; &ldquo;believe,&rdquo; &ldquo;continue,&rdquo; &ldquo;could,&rdquo;
 &ldquo;estimate,&rdquo; &ldquo;expect,&rdquo; &ldquo;intend,&rdquo; &ldquo;may,&rdquo; &ldquo;ongoing,&rdquo; &ldquo;plan,&rdquo; &ldquo;potential,&rdquo;
 &ldquo;predict,&rdquo; &ldquo;project,&rdquo; &ldquo;should,&rdquo; &ldquo;will,&rdquo; &ldquo;would&rdquo; or the negative of these
terms or other comparable terminology, although not all forward-looking statements contain these words.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">These statements involve
risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially
different from the information expressed or implied by these forward-looking statements. Although we believe that we have a reasonable
basis for each forward-looking statement contained in this Board Report, we caution you that these statements are based on a combination
of facts and factors currently known by us and our projections of the future, about which we cannot be certain. Should one or more of
these risks or uncertainties materialize, or should any of these assumptions prove incorrect, the Company&rsquo;s actual operating and
financial performance may vary in material respects from the performance projected in these forward-looking statements. Forward-looking
statements in this Board Report and the factors that may cause our actual results to differ materially from those expressed or implied
by our forward-looking statements include, but are not limited to, statements and factors about:</p>

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<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">the highly competitive nature of
                                            our industry and our ability to compete effectively;</td></tr></table>

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<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">our ability to respond to consumer
                                            demand, spending and tastes;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">our ability to respond to any current
                                            or future health epidemic or other adverse public health development, such as the COVID-19
                                            pandemic, and the resulting business disruption, sustained economic downturn, inflation and
                                            margin pressures;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

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<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">our ability to maintain and enhance
                                            our brand;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">our ability to retain our existing
                                            customers and acquire new customers;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">the growth of the market for luxury
                                            products, and the online market for luxury products in particular;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">our ability to obtain and maintain
                                            differentiated high-quality products from appropriate brands in sufficient quantities from
                                            vendors;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">our ability to expand our product
                                            offerings;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">our ability to effectively manage
                                            or sustain our growth new distribution models, such as the curated platform model, and to
                                            effectively expand our operations;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

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<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">our ability to manage currency exchange
                                            rate fluctuations;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">our ability to obtain and maintain
                                            sufficient inventory at prices that will make our business model profitable, and of a quality
                                            that will continue to retain existing customers and attract new customers;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">seasonal sales fluctuations;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">our ability to optimize, operate,
                                            manage and expand our network infrastructure, and our fulfillment centers and delivery channels;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">our ability to retain existing vendors
                                            and brands and to attract new vendors and brands; and</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">general economic conditions, including
                                            economic conditions resulting from Russia&rsquo;s war in Ukraine, inflation and other geopolitical
                                            and macroeconomic conditions or trends that may impact consumer demand.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">You should refer to the &ldquo;Risk
Factors&rdquo; section of this Board Report for a discussion of other important factors that may cause our actual results to differ materially
from those expressed or implied by our forward-looking statements. As a result of these factors, we cannot assure you that the forward-looking
statements in this Annual Report will prove to be accurate.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In addition, statements that
 &ldquo;we believe&rdquo; and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based
upon information available to us as of the date of this Board Report, and although we believe such information forms a reasonable basis
for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted
a thorough inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and
investors are cautioned not to unduly rely upon these statements. Furthermore, if our forward-looking statements prove to be inaccurate,
the inaccuracy may be material. In light of the significant uncertainties in these forward-looking statements, you should not regard
these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified
time frame, or at all. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>2. Company and Business Overview</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.25in"><b>2.1.</b></td><td style="text-align: justify"><b>History and development of the
                                            company</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We have historically conducted
our business through Mytheresa Group GmbH (formerly named: NMG Germany GmbH), a German limited liability company (Gesellschaft mit beschr&auml;nkter
Haftung) with its statutory seat in Munich, registered with the commercial register of the local court of Munich under HRB 211727 (&ldquo;MGG&rdquo;),
and its subsidiaries. MGG is a wholly owned subsidiary of the issuer, MYT Netherlands Parent B.V., a private company with limited liability
under the laws of the Netherlands (besloten vennootschap met beperkte aansprakelijkheid) and registered with the Trade Register of the
Chamber of Commerce in the Netherlands under number 74988441 (&ldquo;MYT Netherlands&rdquo;). Except where the context otherwise requires
or where otherwise indicated, the terms &ldquo;Mytheresa,&rdquo; the &ldquo;Company,&rdquo; &ldquo;we,&rdquo; &ldquo;us,&rdquo; &ldquo;our,&rdquo;
 &ldquo;our company&rdquo; and &ldquo;our business&rdquo; refer to MYT Netherlands together with MGG and its other consolidated subsidiaries
as a consolidated entity; the term &ldquo;MYT Netherlands&rdquo; or &ldquo;the issuer&rdquo; refers to MYT Netherlands as a stand-alone
company; and the term &ldquo;MYT Holding&rdquo; refers to MYT Holding LLC, a Delaware limited liability company, as a stand-alone company
and, prior to the public offering, the sole shareholder of MYT Netherlands.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">MYT Netherlands Parent B.V.
is a private company with limited liability, incorporated under the laws of the Netherlands on May&nbsp;31, 2019. The statutory seat
of the Company is in Amsterdam, the Netherlands. The registered office address of the Company is at Einsteinring&nbsp;9, 85609 Aschheim,
Germany. The Company is registered at the trade register of the German Chamber of Commerce under number 261084.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.25in"><b>2.2.</b></td><td style="text-align: justify"><b>Organizational structure</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following chart depicts
our corporate structure and percentages of economic interest as of the date hereof based on the number of shares outstanding as of June&nbsp;30,
2022:</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><img src="tm2225775d2_ex99-1sp01img001.jpg" alt="">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.25in"><b>2.3.</b></td><td style="text-align: justify"><b>Property, Plant and Equipment</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Facilities</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
corporate headquarters are located in Aschheim (Munich), Germany. We rent our central warehouse facility in Heimstetten, Germany, which
has approximately 16,970m</font><font style="font-size: 10pt">2</font>&nbsp;of floor space for storage, merchandising operations and
fulfillment and are in the process of setting up a second fulfillment center in Leipzig, Germany with approximately 54,550m<font style="font-size: 10pt">2
</font>of floor space. We also rent additional office space in London, Shanghai, Berlin, Barcelona, New York and Milan, in addition to
our retail stores in Munich.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table sets forth information with
respect to our facilities as of June&nbsp;30, 2022:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: justify">Location</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Type</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Square
    Meters</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Lease<br> Expiration</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Right of<br> Renewal</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 22%; text-align: justify">Aschheim, Germany&#9;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 19%; text-align: justify">Corporate Headquarters</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 17%; text-align: right">9,830</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 17%; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Feb.&nbsp;2025</font></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 17%; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yes</font></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Heimstetten, Germany&#9;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Fulfillment Center</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">16,970</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jun.&nbsp;2024</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yes</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Leipzig, Germany&#9;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Fulfillment Center</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">54,550</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Apr.&nbsp;2033</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yes</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Leipzig, Germany&#9;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Interim Office space</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">140</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yes</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Munich, Germany&#9;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Store</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,625</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dec.&nbsp;2027</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yes</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Munich, Germany&#9;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Store</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">102</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dec.&nbsp;2027</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yes</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Milan,&nbsp;Italy&#9;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Photo Studio</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,815</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Aug.&nbsp;2025</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yes</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Milan,&nbsp;Italy&#9;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Photo Studio</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">80</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Aug.&nbsp;2027</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yes</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Shanghai, China&#9;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Office space</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">10</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Apr.&nbsp;2023</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yes</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Shanghai, China&#9;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Office space</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">39</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Feb.&nbsp;2023</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yes</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Berlin, Germany&#9;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Office space</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">250</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sep.&nbsp;2022</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yes</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Barcelona, Spain&#9;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Office space</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">630</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Aug.&nbsp;2022</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">No</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Barcelona, Spain&#9;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Office space</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,575</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Feb.&nbsp;2028</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">No</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">New York, USA&#9;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Office space</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">390</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">May.
    2027</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">No</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">London, United Kingdom&#9;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Office space</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dec.&nbsp;2022</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yes</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.25in"><b>2.4.</b></td><td style="text-align: justify"><b>Business Overview</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa is a leading luxury
e-commerce platform for the global luxury consumer shipping to over 130 countries. We offer one of the finest edits in luxury, curated
from more than 200 of the world&rsquo;s most coveted brands of womenswear, menswear, kidswear and lifestyle products. Our story began
over three decades ago with the opening of Theresa, in Munich, one of the first multi-brand luxury boutiques in Germany, followed by
the launch of the digital platform Mytheresa in 2006. Today, we provide a unique digital experience that combines exclusive product and
content offerings with a differentiated global customer service, leading technology and analytical platforms, as well as high quality
service operations. Our more than 30 years of market insights and long-standing relationships with the world&rsquo;s leading luxury brands,
such as Bottega Veneta, Burberry, Dolce&amp;Gabbana, Gucci, Loewe, Loro Piana, Moncler, Prada, Saint Laurent, Valentino, and many more,
have established Mytheresa as a global authority in luxury goods.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We acquire and retain customers
who are predominantly working professionals with significant spending power and limited time, shop frequently, seek luxury products that
are not easily found elsewhere and demand superior customer service. These customers are high income luxury consumers that value quality
over price and curation over assortment breadth. To reward and engage our most valued customers, we offer a tiered Top Customer program:
Inner Circle and Front Row. In fiscal 2022, we generated approximately 35% of our GMV from approximately 3% of our customers who were
part of the Top Customer program. This program offers a range of benefits, such as first access to runway and exclusive pieces, previews
of new season styles, dedicated personal shopping services and invitations to exclusive events and fashion shows as well as other money
can&rsquo;t buy experiences. The exclusive events, collections and campaigns that we create with our luxury brand partners highlight
the innovation and creativity we bring to the luxury fashion world, underpin the strong relationships we have with these brands, and
enable us to deepen connections with our most valued customers.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We have longstanding relationships
with the world&rsquo;s most iconic luxury brands, including Alexander McQueen, Balenciaga, Balmain, Bottega Veneta, Burberry, Dolce&nbsp;&amp;
Gabbana, Gucci, Loewe, Loro Piana, Moncler, Prada, Saint Laurent, Stella McCartney and Valentino. In fiscal 2022, our average order value
was &euro;626 (fiscal 2021: &euro;595), one of the highest in the industry, reflecting our commitment to true luxury. We curate the most
coveted luxury brands, and within those brands, the most on-trend and luxurious pieces. We use a combination of luxury fashion expertise
and data insights to optimize our product assortment architecture. Since our inception, we have retained 100% of our brand partners we
wanted to keep, which is a testament to our strong, trusted brand relationships.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our business model combines
technology, luxury fashion and differentiated customer service on a global scale. The simplicity of our mobile-first website and app
(&ldquo;sites&rdquo;) creates an efficient and user-friendly shopping experience for our time-constrained, global customers. Our sites
offer advanced features, including the ability to personalize the customer experience, express checkout processes, and real-time push
notification order tracking. We have an efficient, repeatable playbook for localizing the customer experience through local language,
currencies, payment methods, shipping services and marketing. In fiscal 2022, we generated approximately net sales of 18.6% from Germany,
40.0% from Europe (excluding Germany), 15.8% from United States and 25.6% from the rest of world.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of June&nbsp;30, 2022,
our mobile app installs reached approximately 5.3 million. Mobile devices represented 50% of gross merchandise sales and 79% of page&nbsp;views
for fiscal 2022, underscoring the importance of our mobile-first approach.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We have rapidly scaled our
global customer base and net sales over the past four years, while maintaining our high average order values.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><img src="tm2225775d2_ex99-1sp01img002.jpg" alt="">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><img src="tm2225775d2_ex99-1sp01img003.jpg" alt="">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">From fiscal 2021 to fiscal 2022, we grew our
active customers by 16.4% to 781,000 customers. In fiscal 2022, we reported &euro;689.8 million in net sales, representing growth of
12.7% from fiscal 2021. Our GMV increased in fiscal 2022 by 21.3% from fiscal 2021 to a total of &euro; 747.3 million.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><img src="tm2225775d2_ex99-1sp01img004.jpg" alt="">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In fiscal 2022, we reported a net loss of &euro;7.9
million compared to a net loss of &euro;32.6 million during fiscal 2021. In fiscal 2022, we reported Adjusted Net Income of &euro;44.5
million, representing an improvement from &euro;32.1 million in fiscal 2021. Additionally, in fiscal 2022, we generated &euro;57.3 million
of Adjusted Operating Income and &euro;66.4 million of Adjusted EBITDA, representing year over year growth of &euro;10.6 million and
 &euro;11.4 million, respectively.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Adjusted Net Income, Adjusted Operating Income
and Adjusted EBITDA are measures that are not defined in IFRS. For further information about how we calculate Adjusted Net Income, Adjusted
Operating Income and Adjusted EBITDA, limitations of their use and their reconciliations to the most comparable IFRS measures, see &ldquo;3<i>.
Financial Overview &ndash; 3.1. Selected financial data</i>&rdquo;.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><b>2.4.1.</b></td><td style="text-align: justify"><b>Our Industry</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We operate at the intersection of luxury goods,
technology and service. Online personal luxury goods is a large and rapidly growing market, and we believe we are uniquely positioned
to capture market share as a result of our exclusive, highly curated product assortment, leading service offering and advanced technology.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><b>2.4.2.</b></td><td style="text-align: justify"><b>Online Luxury Market</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The global online luxury market, inclusive of
luxury apparel, accessories, beauty and hard goods, is expected to accelerate further from approximately &euro;60 billion in 2021 to
 &euro;105 - &euro;115 billion in 2025, according to Bain&nbsp;&amp; Company&rsquo;s Luxury Goods Worldwide Market Monitor (November&nbsp;2021)
(the &ldquo;2021 Bain Study&rdquo;). Based on the 2021 Bain Study, the personal luxury goods market is expected to reach &euro;360 to
 &euro;380 billion by 2025, with online penetration expected to grow from 22% to 30% from 2021 to 2025. We believe luxury is one of the
last attractive categories to expand online and is relatively underpenetrated compared to traditional apparel and footwear.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Consumers generally approach the market in a
borderless manner, often purchasing luxury goods across multiple continents, seeking an elevated shopping experience and anytime access
wherever their travels take them.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><b>2.4.3.</b></td><td style="text-align: justify"><b>Online Multi-Brand Retail Taking
                                            Market Share</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Global online luxury multi-brand retailers and
online marketplaces are gaining market share over incumbent players, including department stores and luxury retailer&rsquo;s websites,
according to Bain&nbsp;&amp; Company&rsquo;s 2021 Worldwide Luxury Market Monitor (November&nbsp;2021) (the &ldquo;2021 Bain Study&rdquo;).
The online luxury retail market is highly fragmented, characterized by primarily regional department stores and boutiques, online marketplaces
and only a limited number of global multi-brand retailers. We believe that global multi-branded online retail is a more compelling model
than marketplaces for both consumers and brands: for consumers due to the desire for well-curated assortments offering a clear point
of view that allows discovery as well as efficient product selection, and for brands to whom multi-brand retailers offer access to attractive
customers, and most importantly, more control over brand image and pricing integrity. Additionally, online multi-brand retailers complement
the brands&rsquo; own direct-to-consumer efforts with cross-category and cross-brand customer insights as well as the ability to ensure
brands are presented consistently with the brand&rsquo;s desired positioning. The latest McKinsey&nbsp;&amp; Company Outlook from 2022,
shows a continuation of growth beyond 2020 fueled by retailers&rsquo; new investments in the digital channel and prolonged lockdowns.
The online acceleration is likely to have lasting impact on shopping behaviors &ndash; after stabilization of physical and retail eCom
share.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><b>2.4.4.</b></td><td style="text-align: justify"><b>Wealthiest Consumers are Driving
                                            Growth and Resilient Demand</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The global luxury market continues to be driven
by the growth of high net worth individuals (&ldquo;HNWIs&rdquo;), individuals with greater than $1 million in investable assets, a key
and highly coveted customer demographic with large luxury spend. The wealth of HNWIs has increased at a CAGR of 6.0% from 2014 to 2020,
reaching $86.0 trillion as of 2021, and is expected to exceed $100 trillion by 2025, according to the World Wealth Report 2020 from Capgemini
(the &ldquo;Capgemini Reports&rdquo;). According to the same studies, the global HNWIs population has more than doubled since 2008, reaching
approximately 22.5 million individuals globally as of 2021.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

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<td style="width: 0"></td><td style="width: 0.5in"><b>2.4.5.</b></td><td style="text-align: justify"><b>Luxury Brands Demand First-Class&nbsp;Service
                                            and Brand Protection</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Luxury brands value brand image, pricing integrity
and the perception of scarcity across their product portfolios. They are highly selective and seek retail partners who increase their
visibility to the most affluent luxury consumers while adhering to these core values. Luxury brands are selective with whom they work,
terminating relationships, especially with online retailers, if standards are not upheld. These brands only partner with online retailers
who have full control over all aspects of the shopping experience and deliver exceptional service to protect and enhance their brand
integrity.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><b>2.4.6.</b></td><td style="text-align: justify"><b>The Luxury Consumer</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The luxury market is comprised of several types
of consumers, each with their own lifestyle, income and spending characteristics:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
intermittent luxury fashion consumer loves and follows fashion and saves for iconic pieces, which he or she buys occasionally.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
everyday luxury fashion enthusiast has a passion for fashion, is typically a working professional who earns his or her own income and
is often time-constrained. This consumer regularly invests in statement pieces and fashion items for special occasions.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
top luxury consumer leads a &ldquo;jet-set&rdquo; global lifestyle, has significant wealth, and is willing to spend a significant amount
on luxury goods to stay ahead of the latest fashion trends. This consumer prefers newness, shops ready-to-wear clothing season after
season, and demands a superior shopping experience, high-touch service and quick shipping. This consumer is a high-frequency shopper,
making purchases several times a week or even daily on personal and experiential luxury, according to third party research.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><img src="tm2225775d2_ex99-1sp01img005.jpg" alt="">&nbsp;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We target everyday luxury fashion enthusiasts
and top luxury consumers as we believe these customers are the most loyal, value our differentiated service and represent the largest
wallet share potential.</p>

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<td style="width: 0"></td><td style="width: 0.5in"><b>2.4.7.</b></td><td style="text-align: justify"><b>Differentiated Value Proposition
                                            of Mytheresa for Customers and Brand Partners</b></td></tr></table>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Mytheresa provides a vibrant shopping experience
that brings together hundreds of thousands of luxury consumers with the world&rsquo;s most exclusive brands. This creates a flywheel
effect, attracting new customers and enhancing brand relationships, as illustrated below.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><img src="tm2225775d2_ex99-1sp01img006.jpg" alt="">&nbsp;</p>

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<td style="width: 0"></td><td style="width: 0.5in"><b>2.4.8.</b></td><td style="text-align: justify"><b>Our Value Proposition to Customers</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Trusted
discovery platform and curated assortment of the most coveted luxury brands.</i></font> We provide customers with one of the finest edits
of the most coveted luxury brands. For example, of the over 7,000 stock-keeping units (&ldquo;SKUs&rdquo;) we curate from our top 30
selling luxury designer brands, less than around 21% of those items overlapped with our multi-brand competitors according to an ongoing
internal pricing analysis comparison Our content and brand stories, which are produced 100% in-house, inspire our customer and are integral
to Mytheresa&rsquo;s reputation as a trusted fashion authority for discovery. Our highly curated edit of luxury fashion is core to our
DNA and allows us to translate fashion from the runway to the wardrobes of our customers. We encourage daily discovery through our &ldquo;New
Arrivals&rdquo; section on our sites, as well as real-time product recommendations and inspirational content. For members of our Top
Customer program we take our curation to a deeper level with personal shoppers, who know each customer&rsquo;s specific fashion aesthetic
and will recommend pieces via the preferred communication channel of the customer (phone, email, text message or other messaging platforms),
or in some cases, hosting personal styling appointments.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Exclusive
access to capsule collections.</i></font> Our deeply entrenched and long-term relationships with the most coveted luxury brands allow
us to provide unique offerings to our customers, including exclusive capsule collections, product personalization and first access through
exclusive pre-launches. In fiscal 2022, we launched 76 exclusive capsule collections and campaigns with in-house produced exclusive content
from brands including Moncler, Valentino, Loro Piana, Dolce Gabbana, Bottega Veneta, Gucci, Pucci, Tom Ford and many more.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Superior
service drives differentiated shopping experience.</i></font> We are dedicated to providing our customers with superior service throughout
their shopping experience and believe this sets us apart from our competitors. We have team members who are available to serve our customers
24 hours per day, seven days a week and in eight languages. Additionally, our localized websites, which are also available in eight languages
and eight currencies, and our global in-house logistics capabilities provide the fast, efficient and frictionless shopping experience
our global customers demand. We believe customers are loyal to Mytheresa because we provide excellent service every time they interact
with us. Our emphasis on exceptional service is inherent throughout all customer touchpoints, including our sites, customer care, delivery
and global personal shopping team. For example, we provide customers with personalized product recommendations, last-minute deliveries,
and hand-signed notes with our delivered products to personally connect and provide the high-touch service our customers enjoy. Our customer
satisfaction with our service and experience is evidenced by our best-in-class net promoter score (&ldquo;NPS&rdquo;) of 80.9% , which
is an annualized average of weekly measurements conducted by us in fiscal 2022. Through our distribution and fulfillment capabilities,
we offer fast shipping to our customers in metropolitan areas globally in less than 72 hours, with one to two days shipping service in
all of Europe where express shipping is available. Our customer service teams are experts in working with luxury customers. We received
approximately 7,275 calls per week, on average, during fiscal 2022, with approximately 87.6% of 379 thousand calls answered within 20
seconds.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Special
brand experiences for our top customers. </i></font> In fiscal 2022, we invited our top customers around the world to more than 40 &quot;money-can&rsquo;t-buy&quot;
experiences. Highlights include the launch of the exclusive Dolce&amp;Gabbana lemon collection during a cocktail reception in Miami attended
by Domenico Dolce, the Pucci re-launch at a weekend experience in Capri to introduce the new Parisian artistic director Camille Miceli,
the celebration of the Dries Van Noten exclusive collection in Antwerp attended by Dries Van Noten, a visit to the made-to-measure Berluti
workshop for men's shoes, a Loro Piana experience in Los Angeles, an intimate dinner with Givenchy attended by Mathew Williams as well
as VIC experiences in China in Chengdu and Hangzhou, and events in the Middle East. These events and brand experiences provide our top
customers, press, influencers and friends of the house with &ldquo;money-can&rsquo;t-buy&rdquo; experiences, , while also giving us the
opportunity to amplify the content created across social media.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

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<td style="width: 0"></td><td style="width: 0.5in"><b>2.4.9.</b></td><td style="text-align: justify"><b>Our Value Proposition to Brand
                                            Partners</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Online
Visibility to Highly Coveted Global Luxury Customers.</i></font> In addition to brands appearing on our sites, we create exclusive experiences
and collections that provide additional opportunities to engage with our customers and social media followers. In addition to our 41
events, we launched 76 campaigns in collaboration with our brand partners to launch exclusive products only available on Mytheresa or
first available on Mytheresa. In collaboration with Moncler, we launched a 360&deg; degree virtual pop up featuring exclusive styles
in the Austrian Mountains, which received high awareness across the world. Other highly visible campaigns include the launch of the Dolce
Gabbana exclusive lemon capsule collection, the Valentino Escape Collection exclusively available on Mytheresa and Valentino, the launch
of the highly anticipated Loewe x Spirited away collection, the Gucci Pets collection including a stand-out video campaign, the exclusive
Rimowa Pop-Up including the launch of a new colourway &ldquo;Quartz&rdquo; for the first time since year and many more.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Innovative
and Engaging Content Across Media Formats.</i></font> We produce 100% proprietary content in-house across different media formats including
films, music videos, games, magazines and photography shoots on behalf of, and in partnership with, our brand partners. We place this
content across our consumer touchpoints, including our home page, app, mobile first newsletter, paid formats and social media that includes
our own managed platforms ranging from Instagram and Pinterest to WeChat and RED. We take a product-focused and experiential approach
to content creation, which has differentiated and strengthened our longstanding relationships with some of the world&rsquo;s leading
luxury brands. Our highly stylized production showcases our brand partners&rsquo; products at their best, and our brand partners often
promote our content and edits on their own social media accounts and websites. We also regularly achieve extensive global publicity for
our brand partners and ourselves through features and exclusive stories, as well as through our more than 3.1 million followers, as of
June&nbsp;30, 2022, across social media platforms.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Established
Reputation for Being Trusted Brand Stewards and Maintaining Brand Integrity.</i></font> We are viewed as an integral global partner and
have consistently been recognized as such by leading luxury brands including Bottega Veneta, Burberry, Dolce&amp;Gabbana, Gucci, Loewe,
Loro Piana, Moncler, Prada, Saint Laurent, Valentino, and many more. Our focus only on the most valuable luxury customers, our ability
to deliver a superior service experience and our strong full price sell-through highlight our commitment to maintaining brand integrity
for our brand partners.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Data-Driven
Analytics and Customer Insights.</i></font> We have developed significant data capabilities and insights across our platform. We regularly
provide our brand partners with detailed aggregated data, analysis, and customer insights on metrics such as product performance, spending
and trend patterns, brand affinity, product adjacencies, subcategory penetrations and geographic reach.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><b>2.4.10.</b></td><td style="text-align: justify"><b>Our Competitive Strengths</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We attribute our market success, rapid growth
and strong profitability to the following competitive strengths:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Customer-First
Approach with Deep Understanding and Analytical Insight.</i></font> We target, acquire and retain the most valuable luxury customers
by pairing superior service with advanced technology. Our deep understanding of our customers enables us to provide a shopping experience
tailored to them and drive loyalty. Our customer is time-constrained, requires efficient, personalized service, and favors our easy-to-use
sites. Unlike online fashion marketplaces where customers go to price compare common luxury SKUs, we believe our customers shop our platform
for discovery and access to exclusive products they cannot find elsewhere. To assist this shopping experience, we have invested in a
robust technology platform that allows us to analyze data to produce actionable insights that we use to identify customers and personalize
our site, emails, and brand recommendations for them. Our data-driven technology platform is integral to our merchandising and marketing
functions and enables us to consistently deliver a superior shopping experience to several hundred thousand customers across over 130
countries. A key component of our customer experience is a mobile and app-first approach. In fiscal 2022, mobile orders accounted for
50% of our net sales, of which 38% were app orders, and approximately 79% of page&nbsp;views were generated via mobile app, tablet, and
mobile phone. We combine data-driven customer insights, decades of thought-leadership in fashion, and exceptional customer service to
deliver an unparalleled customer experience.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Our
Curated Product Assortment Offers One of The Finest Edits In Luxury Fashion.</i></font> We believe our curated assortment is the preferred
platform for customers and brands compared to department stores, marketplaces and other online players. We offer leading luxury brands
visibility to a highly valuable audience, customer trend insights across multiple brands and categories, and most importantly, more control
over brand image and pricing integrity. We assort the most coveted brands and, from those brands, the most differentiated, relevant and
luxurious pieces. Our edit features a meticulously curated, elevated assortment of luxury products that we display in an attractive way
across our sites and content. Our platform facilitates discovery through personalized recommendations and convenient comparison features.
Through our deep understanding of our customers&rsquo; needs, we are able to buy an optimal selection of curated inventory to consistently
turn inventory with a high full price sell-through.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Highly
Loyal and Engaged Global Luxury Customer Base.</i></font> We have deep relationships with a growing number of dedicated luxury and highly
coveted, high net worth customers. We have grown our active customer base at a 27.8% CAGR since fiscal 2017, with 68.3% of net sales
in fiscal 2022 coming from existing customers. To reward and engage our most valued customers, we offer a tiered Top Customer program:
Inner Circle and Front Row. Our emphasis on targeting and serving these top customers resulted in the generation of approximately 35%
of our GMV from approximately 3% of our top customers in fiscal 2022. Given our value proposition, high average order value, and strong
customer loyalty, we achieved a 3.2x 6-year LTV to CAC ratio for the 2016 cohort, which demonstrates the effectiveness of our marketing
spend and long-term profitability of our business model. Further, once a customer commits to our platform, they spend more over time,
as evidenced by our 83% net sales retention from prior year cohorts and our approximately 106% net sales retention for cohorts who have
been with us for more than two fiscal years, representing our ability to retain customers and to increase active customers&rsquo; spend
and frequency, in fiscal 2022.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Partner
of Choice for the World&rsquo;s Most Coveted Luxury Brands.</i></font> We have a rich, 30-year heritage of working with more than 200
of the most coveted luxury brands, who trust us for our commitment to full-price integrity, appreciate our innovative approach to targeting
digital luxury consumers, and often provide us access to exclusive products and collections. In fiscal 2022, we featured 76 exclusive
capsule collections and campaigns from preeminent designers including Moncler, Valentino, Gucci, Tom Ford, Dolce Gabbana, Loewe, Rimowa
and many more. This represents a significant increase of 58% from the 48 campaigns we offered in fiscal 2021. Our average tenure with
our top 30 brands is more than 10 years and we have retained 100% of our brand partners we wanted to keep since our founding. This underscores
the strength of our relationships and differentiates Mytheresa as one of the online retailers that luxury brands prefer to partner with.
Additionally, our top 30 brands&rsquo; share of overall net sales has remained stable as we have scaled the business.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Combination
of Growth and Profitability with Attractive and Sustainable Unit Economics.</i></font> As a result of our top-of-funnel brand campaigns
and our sophisticated performance marketing efforts, we acquire customers efficiently and profitably and attract high quality customers
who have a high propensity to repeat. As we have scaled our customers and net sales, we have improved profitability through our commitment
to price integrity, yielding a stable gross margin, as well as efficient marketing and leveraging of our fixed cost basis. In fiscal
2022, we grew our active customers 16.4%, while keeping our gross margin stable and successfully leveraging our shipping, marketing and
administrative costs resulting in an Adjusted EBITDA margin of approximately 9.6% in fiscal 2022, compared to 9.0% in fiscal 2021.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Experienced
and Proven Management Team Combining Expertise From Luxury and Digital Worlds.</i></font> Our team is led by our Chief Executive Officer,
Michael Kliger, who joined Mytheresa in 2015 from eBay Enterprise where he was a Vice President for all of Europe and Asia Pacific. His
deep customer knowledge across geographies has helped accelerate growth and enhance profitability. Michael is complemented by our experienced
senior management team with industry-leading expertise across luxury, technology and e-commerce operations. The business verticals are
led by Dr.&nbsp;Martin Beer (Chief Financial Officer), Sebastian Dietzmann (Chief Operating Officer),&nbsp;Isabel May&nbsp;(Chief Customer
Experience Officer), Gareth Locke (Chief Growth Officer) and Richard Johnson (Chief Commercial Officer). Like our customers, we are diverse,
with employees representing more than 86 nationalities and 63.6% of whom were women as of June&nbsp;30, 2022. Our culture is collaborative,
confident, creative, accountable, performance driven and dedicated to delivering our customers the finest edit and service in luxury.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<td style="width: 0"></td><td style="width: 0.5in"><b>2.4.11.</b></td><td style="text-align: justify"><b>Growth Strategies</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We plan to drive our market leadership, growth
and profitability through the following strategies:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Profitably
Acquire New Customers.</i></font> We will focus our efforts on reaching the world&rsquo;s most affluent luxury consumers. We believe
our market share is less than 2% in the online personal luxury goods category. Given the strong projected growth of the luxury market,
we believe we have a significant opportunity to expand our customer base in both our existing and new markets. We expect to attract new
customers in all geographies including Europe, as well as the United States and Asia. Our demonstrated playbook for localizing new geographies
is efficient, effective and repeatable. We leverage localized social media content and influencers, curation, languages and events to
bring the Mytheresa brand to new markets. We believe our exclusive aspirational content and events resonate globally, providing a scalable
marketing engine to efficiently acquire new customers across geographies. Through our more than 3.0 million followers as of June&nbsp;30,
2022, across social media platforms and our luxury influencer relationships, we believe we will continue to reach new customers and raise
brand awareness globally through this low cost medium. We intend to augment our core performance marketing strategy by pursuing App download
advertising, further optimizing bidding rules&nbsp;for paid search engines, scaling organic search content in several additional languages,
introducing a new customer acquisition model, and accelerating social media channel growth.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Continue
to Expand Share of Wallet and Retention for Existing Customer Base. </i></font>We plan to deepen our existing customer relationships
to improve our strong revenue retention and increase our wallet share with customers. We believe we can increase purchase frequency and
spend by improving our customer experience, Top Customer program and brand relationships. We will enhance our customer experience by
continuing to refine our customer analytics, increasing personalization and product recommendations, improving the mobile experience
and providing additional opportunities to pre-order exclusive products as well as expanding our team of personal shoppers across the
globe. We will make selective improvements to our Top Customer program offerings and localization as we continue to expand globally.
To supplement our top-tier offering for our most valued customers, we will continue to partner with brands to host our exclusive events
while also improving service levels in key geographies through local support staff and distribution capability enhancements. Furthermore,
we expanded our successful exclusive re-sale service dedicated to our high-end luxury customers in partnership with Vestiaire Collective
to more categories, brands and markets.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Access
New Complementary Customer Categories.</i></font> We plan to increase our share of customer and household wallet share as well as attract
new customers globally by investing in new categories to complement our strong existing business.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Expand
wallet share with the recent launch of Mytheresa Kids.</i></font> In January&nbsp;2019, we officially launched our kidswear offering
with 35 brands which we have now grown to an offering of 50 brands. Given the significant proportion of our top customers who have children
and are looking to purchase luxury kidswear, many of our top brands such as Balmain, Burberry, Chloe, Dolce&nbsp;&amp; Gabbana, Golden
Goose, Gucci, Moncler, and Stella McCartney have collaborated with us on our launch of Mytheresa Kids. As many of our luxury brands continue
to introduce separate kidswear lines, we have also been able to add kidswear even for brands like Loro Piana and Brunello Cucinelli recently.
Like we do with womenswear we have also been able to introduce exclusive kidswear items only available at Mytheresa with brands like
Dolce Gabbana, Off-white&nbsp;&amp; Palm Angels and Victorie Beckham Our unique focus on luxury and our famous curation unlocks incremental
wallet share from our customers who already know and trust our curated offering and wish to also purchase luxury products for the children
in their lives. While 77% of kidswear items have been bought by existing customers, 23% of purchases have been by customers that have
discovered Mytheresa through our luxury kidswear offering which presents an opportunity for additional growth. In a short time we have
managed to become a significant player in the global luxury kidswear market. The synergies with our existing business are reflected with
77% of our customers who bought kidswear items already bought other items, mostly womenswear items. This strengthens, of course, the
unit economics of our kidswear offering.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Further
build a reputation as one of the leading player for Menswear.</i></font> We launched Mytheresa Men in January&nbsp;2020 with more than
100 curated brands to target the modern, affluent man with a curated, inspiring product offering reflecting the zeitgeist in men&rsquo;s
fashion. Our ambition is to become the global opinion leader and leading luxury online destination for luxury menswear. Our positioning
is the white space between time-honored luxury and the post-streetwear era. We have dedicated men&rsquo;s buying, creative, marketing,
communication and merchandising teams to look after this new business. We are seeing ongoing support from our brand partners as evidenced
by the fact that we offered exclusive capsule collections and pre-launches from Tom Ford, Moncler, Ami Paris, Givenchy, Our Legacy, Dries
Van Noten and Berluti. We believe we are in a prime position to become an authority in the evolving menswear space given our ability
to define menswear with a new positioning and the relationships we have with our current brand partners who have some of the top luxury
menswear lines.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">While we initially leveraged our existing site
traffic and reputation as a luxury authority to grow our menswear business, we have already seen tremendous success&nbsp;through Mytheresa
Men, with 18% of all Mytheresa customers in fiscal 2022 consisting of menswear customers. We believe that the success of Mytheresa Men
since its launch demonstrates its potential to become a source of growth for our overall business and an opportunity to bring new customers
to the Mytheresa platform.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Expand
wallet share with the launch of Mytheresa Life: </i></font>We launched the new category Life in May&nbsp;2022, extending Mytheresa&rsquo;s
renowned multi-brand shopping approach into all aspects of luxury lifestyle. Life presents the most elevated selection of home d&eacute;cor
and other lifestyle products, further deepening the relationship with our high value customers that have a passion for luxury design
in their wardrobes as well as their homes. The curated assortment includes interior and lifestyle products from iconic fashion houses
such as Loro Piana, Missoni, Dolce&amp;Gabbana and Aquazzura to renowned interior design brands, including Vitra, Fornasetti and Cassina,
to independent home d&eacute;cor and table top specialists like Ginori 1735, 101 CPH, 1882 LTD., Serax and Zaha Hadid. Being the only
curated luxury online platform to combine womenswear, menswear, kidswear and now lifestyle products, makes us a truly unique and engaging
destination for luxury shoppers.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Enhance
Our Trusted Relationships with the World&rsquo;s Most Coveted Brands.</i></font> We will continue to enhance our value proposition for
both customers and brands to attract new high net worth customers globally and further increase our desirability with top brands. We
will enhance our brand relationships by providing customer insights and ensuring that luxury brands come alive for our digital luxury
customer through production of exclusive content. We expect to continue to increase our access to exclusive merchandise and capsule collections
with the world&rsquo;s most iconic luxury brands. To this end we are also continually exploring new partnership models with the world&rsquo;s
top luxury brands to provide our customers full access to product ranges and supply levels usually only available to the retail network
of brands.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Continue
To Innovate and Leverage Use of Proprietary Data Insights.</i></font> We plan to continue to identify ways to leverage our proprietary
data to optimize the Mytheresa experience for both our customers and our brand partners. In addition, we plan to continue innovating
and investing across our user interface, technology platform, supply chain and distribution, and localization capabilities to improve
service levels and further enhance and personalize our customer&rsquo;s experience. Our data helps inform the product assortment architecture
which is pivotal in optimizing inventory for both our brand partners and us alike. As we scale, our global data repository grows turning
the buying process into a data enhanced science. While we have been able to build our capabilities in house, we will evaluate partnerships,
alliances and acquisition opportunities that enable new go-to-market strategies to further our reach and customer loyalty. Additionally,
by leveraging advancements in artificial intelligence and machine learning, we will refine our merchandising and marketing capabilities
to incorporate visual search capabilities and enhance our size and fit optimization.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Investment
in Profitable Growth Opportunities</i></font>. We continually evaluate opportunities to accelerate our growth strategy.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>3. Financial Overview</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>3.1. Selected financial data</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The selected consolidated financial data for
each of the years ended June&nbsp;30, 2021 and 2022 have been derived from our consolidated financial statements and notes thereto set
forth in section 9 of this annual report. The following selected consolidated financial data should be read in conjunction with 3.2.
Management's discussion and analysis of financial condition and results of operations and our consolidated financial statements and related
notes appearing elsewhere in this annual report. Our financial statements included herein are prepared in accordance with EU IFRS and
with Part&nbsp;9 of Book 2 of the DCC.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We present Adjusted EBITDA, Adjusted Operating
Income, and Adjusted Net Income because they are frequently used by our management and used by analysts, investors and other interested
parties to evaluate companies in our industry. Further, we believe Adjusted EBITDA, Adjusted Operating Income, and Adjusted Net Income
are helpful measures in highlighting trends in our operating results, because they exclude certain types of expenses which are not reflective
of our ongoing operations and performance.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Furthermore, other companies in our industry
may calculate similarly titled measures differently than we do, limiting their usefulness as comparative measures.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We use the following metrics
in addition to Segment EBITDA (see also note A.5.7) to assess the progress of our business, make decisions on where to allocate time
and investments and assess the near-term and longer-term performance of our business:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="7" style="text-align: center; font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">Fiscal Year Ended</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><i>(in millions)</i></td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">June 30, 2020</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">June 30, 2021</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">June 30, 2022</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">FY22 vs FY21<br> Change<br> in % / BPs</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 55%; font-size: 10pt; text-align: left"><font style="font-size: 10pt">Gross Merchandise Value (GMV) <sup>(1)</sup></font></td><td style="width: 1%; font-size: 10pt">&nbsp;</td>
    <td style="width: 10%; font-size: 10pt; text-align: right; padding-left: 3.5pt">&euro; 449.5</td><td style="width: 1%; font-size: 10pt">&nbsp;</td>
    <td style="width: 10%; font-size: 10pt; text-align: right; padding-left: 3.5pt">&euro; 616.1</td><td style="width: 1%; font-size: 10pt">&nbsp;</td>
    <td style="width: 10%; font-size: 10pt; text-align: right; padding-left: 3.5pt">&euro; 747.3</td><td style="width: 1%; font-size: 10pt">&nbsp;</td>
    <td style="width: 10%; font-size: 10pt; text-align: right; padding-left: 3.5pt">21.3%</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt; text-align: left"><font style="font-size: 10pt">Active customer (LTM in thousands) <sup>(2)</sup></font></td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">486</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">671</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">781</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">16.4%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt; text-align: left"><font style="font-size: 10pt">Total orders shipped (LTM in thousands) <sup>(2)</sup></font></td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">1,092</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">1,505</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">1,765</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">17.2%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt; text-align: left"><font style="font-size: 10pt">Average order value (LTM) <sup>(2)</sup></font></td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">600</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">595</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">626</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">5.2%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt; text-align: left">Net sales</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">&euro; 449.5</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">&euro; 612.1</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">&euro; 689.8</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">12.7%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt; text-align: left">Gross profit</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">&euro; 209.9</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">&euro; 287.0</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">&euro; 355.0</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">23.7%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt; text-align: left">Gross profit margin</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">46.7%</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">46.9%</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">51.5%</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">460 BPs</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt; text-align: left"><font style="font-size: 10pt">Adjusted EBITDA<sup>(3)</sup></font></td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">&euro; 35.4</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">&euro; 54.9</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">&euro; 66.3</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">20.7%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt; text-align: left"><font style="font-size: 10pt">Adjusted EBITDA margin<sup>(3)</sup></font></td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">7.9%</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">9.0%</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">9.6%</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">60 BPs</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt; text-align: left"><font style="font-size: 10pt">Adjusted Operating Income<sup>(3)</sup></font></td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">&euro; 27.5</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">&euro; 46.7</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">&euro; 57.2</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">22.6%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt; text-align: left"><font style="font-size: 10pt">Adjusted Operating Income margin<sup>(3)</sup></font></td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">6.1%</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">7.6%</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">8.3%</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">70 BPs</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt; text-align: left"><font style="font-size: 10pt">Adjusted Net Income<sup>(3)</sup></font></td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">&euro; 19.3</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">&euro; 32.1</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">&euro; 44.5</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">38.6%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt; text-align: left"><font style="font-size: 10pt">Adjusted Net Income margin<sup>(3)</sup></font></td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">4.3%</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">5.2%</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">6.5%</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right; padding-left: 3.5pt">130 BPs</td>
    <td>&nbsp;</td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.25in"></p>

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    <div style="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><p style="margin: 0pt">&nbsp;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.25in">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231f20">(1)</font></td><td style="text-align: justify">Gross
                                            Merchandise Value (&ldquo;GMV&rdquo;) is an operative measure and means the total Euro value
                                            of orders processed, either as principal or as agent. GMV is inclusive of product value,
                                            shipping and duty. It is net of returns, value added taxes, applicable sales taxes and cancellations.
                                            GMV does not represent revenue earned by us.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231f20">(2)</font></td><td style="text-align: justify">Active
                                            customers, total orders shipped and average order value are calculated based on the GMV of
                                            orders shipped from our sites during the last twelve months (LTM) ended on the last day of
                                            the period presented.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231f20">(3)</font></td><td style="text-align: justify">Adjusted
                                            EBITDA, Adjusted EBITDA margin, Adjusted Operating Income, Adjusted Operating Income margin,
                                            Adjusted Net Income and Adjusted Net Income margin are measures that are not defined under
                                            IFRS. We use these financial measures to evaluate the performance of our business. We present
                                            Adjusted EBITDA, Adjusted Operating Income and Adjusted Net Income because they are used
                                            by our management and frequently used by analysts, investors and other interested parties
                                            to evaluate companies in our industry. Further, we believe these measures are helpful in
                                            highlighting trends in our operating results, because they exclude the impact of items that
                                            are outside the control of management or not reflective of our ongoing operations and performance.
                                            Adjusted EBITDA, Adjusted Operating Income and Adjusted Net Income have limitations, because
                                            they exclude certain types of expenses. Furthermore, other companies in our industry may
                                            calculate similarly titled measures differently than we do, limiting their usefulness as
                                            comparative measures. We use Adjusted EBITDA, Adjusted Operating Income and Adjusted Net
                                            Income as supplemental information only. You are encouraged to evaluate each adjustment and
                                            the reasons we consider it appropriate for supplemental analysis. The following are reconciliations
                                            of Adjusted EBITDA, Adjusted Operating Income and Adjusted Net Income to their most directly
                                            comparable IFRS measures.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="5" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Fiscal Year Ended</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June&nbsp;30, 2020</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June&nbsp;30, 2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June&nbsp;30, 2022</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 66%; font: 10pt Times New Roman, Times, Serif; text-align: left">Net income</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">6,350</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(32,604)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(7,898)</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Finance income (expenses), net</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">11,119</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(15,091)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">998</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income tax expense</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">3,441</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">15,534</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">11,734</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">7,885</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">8,232</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">9,088</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: italic 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;thereof depreciation of right-of use assets <sup>(1)</sup></i></font></td><td style="font: italic 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: italic 10pt Times New Roman, Times, Serif; text-align: right">5,116</td><td style="font: italic 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: italic 10pt Times New Roman, Times, Serif; text-align: right">5,224</td><td style="font: italic 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: italic 10pt Times New Roman, Times, Serif; text-align: right">5,657</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif">EBITDA</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">28,795</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(23,929)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">13,922</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United States sales tax <sup>(2)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,334</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IPO preparation and transaction costs <sup>(3)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">5,206</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">6,984</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other transaction-related, certain legal and other expenses <sup>(4)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">2,493</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IPO related share-based compensation<sup>(5)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">65</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">71,889</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">49,919</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Adjusted EBITDA</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">35,400</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">54,944</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">66,334</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: italic 10pt Times New Roman, Times, Serif; text-align: left">Reconciliation to Adjusted EBITDA Margin</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Net Sales</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">449,487</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">612,096</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">689,750</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Adjusted EBITDA margin</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">7.9%</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">9.0%</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">9.6%</td>
    <td>&nbsp;</td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="5" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Fiscal Year Ended</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June&nbsp;30, 2020</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June&nbsp;30, 2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June&nbsp;30, 2022</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 66%; font: 10pt Times New Roman, Times, Serif; text-align: left">Operating Income</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">20,910</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(32,162)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">4,834</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. sales tax<sup>(2)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,334</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IPO preparation and transaction costs<sup>(3)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">5,206</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">6,984</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other transaction-related, certain legal and other expenses <sup>(4)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">2,493</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IPO related share-based compensation<sup>(5)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">65</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">71,889</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">49,919</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Adjusted Operating Income</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">27,515</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">46,711</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">57,246</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: italic 10pt Times New Roman, Times, Serif; text-align: left">Reconciliation to Adjusted Operating Income Margin</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Net Sales</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">449,487</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">612,096</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">689,750</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Adjusted EBITDA margin</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">6.1%</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">7.6%</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">8.3%</td>
    <td>&nbsp;</td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="5" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Fiscal Year Ended</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June&nbsp;30, 2020</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June&nbsp;30, 2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June&nbsp;30, 2022</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 66%; font: 10pt Times New Roman, Times, Serif; text-align: left">Net Income</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">6,350</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(32,604)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(7,898)</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. sales tax<sup>(2)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,334</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IPO preparation and transaction costs<sup>(3)&nbsp;</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">5,206</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">6,984</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other transaction-related, certain legal and other expenses <sup>(4)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">2,493</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IPO related share-based compensation<sup>(5)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">65</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">71,889</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">49,919</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Finance expense (income) on shareholder loans <sup>(6)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">9,645</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(16,224)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income tax effect <sup>(7)&nbsp;</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(3,306)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">2,073</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Adjusted Net Income</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">19,294</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">32,118</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">44,514</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: italic 10pt Times New Roman, Times, Serif; text-align: left">Reconciliation to Adjusted Net Income Margin</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Net Sales</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">449,487</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">612,096</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">689,750</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Adjusted Net Income margin</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">4.3%</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">5.2%</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">6.5%</td>
    <td>&nbsp;</td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="font-size: 10pt">Under
IFRS 16, right of use assets are depreciated over their estimated useful life.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="font-size: 10pt">Represents
expenses related to sales tax liabilities temporarily borne by us through the fourth quarter of fiscal 2020 in the United States. Based
on our previous IT configuration, we temporarily incurred sales tax related liabilities on customer purchases in the United States. Due
to upgrades to our IT infrastructure in the fourth quarter of fiscal 2020, we no longer incur these expenses.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="font-size: 10pt">Represents
non-recurring professional fees, including consulting, legal and accounting fees, related to our planned initial public offering (&ldquo;IPO&rdquo;),
which are classified within selling, general and administrative expenses.</font></p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(4)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="font-size: 10pt">Other
transaction-related, certain legal and other expenses represents (i)&nbsp;professional fees, including advisory and accounting fees,
related to potential transactions, (ii)&nbsp;certain legal expenses incurred outside the ordinary course of our business and (iii)&nbsp;other
non-recurring expenses incurred in connection with the costs of establishing our new central warehouse in Leipzig, Germany.</font></p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(5)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="font-size: 10pt">In
fiscal 2021, with the effective IPO, certain key management personnel received a one-time granted share-based compensation, for which
the share-based compensation expense will be recognized upon defined vesting schedules in the future periods, including &euro;49.9 million
for fiscal 2022. We do not consider these expenses to be indicative of our core operating performance.</font></p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(6)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="font-size: 10pt">Our
Adjusted Net Income excludes finance expenses associated with our Shareholder Loans, which we do not consider to be indicative of our
core performance. We did not receive any cash proceeds under the Shareholder Loans, which originated as part of the Neiman Marcus acquisition
in 2014. In January&nbsp;2021, we repaid our Shareholder Loans (principal plus outstanding interest) using a portion of the net proceeds
from our initial public offering.</font></p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(7)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="font-size: 10pt">Reflects
adjustments to historical income tax expense to reflect changes in taxable income for each of the periods presented due to changes in
finance expenses related to the Shareholder Loans, assuming a statutory tax rate of 27.8%.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"><b><i>Gross
Merchandise Value (GMV)</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">GMV is an operative measure
and means the total Euro value of orders processed, including the value of orders processed on behalf of others for which we earn a commission.
GMV is inclusive of product value, shipping and duty. It is net of returns, value added taxes and cancellations. GMV does not represent
revenue earned by us. We use GMV as an indicator for the usage of our platform that is not influenced by the mix of direct sales and
commission sales. The indicators we use to monitor usage of our platform include, among others, active customers, total orders shipped
and GMV.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"><b><i>Active
Customers</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We define an active customer
as a unique customer account from which an online purchase was made across our sites at least once in the preceding twelve-month period.
In any particular period, we determine our number of active customers by counting the total number of unique customers who have made
at least one purchase across our sites in the preceding twelve-month period, measured from the last date of such period. We view the
number of active customers as a key indicator of our growth, the reach of our website, consumer awareness of our value proposition and
the desirability of our product assortment. We believe our number of active customers drives both net sales and our appeal to brand partners.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b><i>Total Orders Shipped</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We define total orders shipped
as an operating metric used by management, which is calculated as the total number of online customer orders shipped to our customers
during the fiscal year ended on the last day of the period presented. We view total orders as a key indicator of the velocity of our
business and an indication of the desirability of our products. Total orders shipped and total orders recognized as net sales in any
given period may differ slightly due to orders that are in transit at the end of any particular period.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"><b><i>Average
Order Value</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We define average order value
as an operating metric used by management, which is calculated as our total GMV from online orders shipped from our sites during the
fiscal year ended on the last day of the period presented divided by the total online orders shipped during the same twelve-month period.
We believe our consistent high average order value reflects our commitment to price integrity and the luxury nature of our products.
Average order value may fluctuate due to a number of factors, including merchandise mix and new product categories.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><b><i>Adjusted
EBITDA, Adjusted Operating Income and Adjusted Net Income</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjusted
EBITDA is a non-IFRS financial measure that we calculate as net income before finance expense (net), taxes, and depreciation and amortization,
adjusted to exclude U.S. sales tax expenditures temporarily borne by us through the fourth quarter of fiscal 2020,&nbsp;IPO preparation
and transaction costs, Other transaction-related, certain legal and other expenses and </font>IPO related share-based compensation expenses.
Adjusted Operating Income is a non-IFRS financial measure that we calculate as operating income, adjusted to exclude U.S. sales tax expenditures
temporarily borne by us through the fourth quarter of fiscal 2020, any IPO preparation and transaction costs, Other transaction-related,
certain legal and other expenses and IPO related share-based compensation expenses. Adjusted Net Income is a non-IFRS financial measure
that we calculate as net income, adjusted to exclude U.S. sales tax expenditures temporarily borne by us, finance expenses on our Shareholder
Loans,&nbsp;IPO preparation and transaction costs, Other transaction-related, certain legal and other expenses,&nbsp;IPO related share-based
compensation expenses and related income tax effects. Adjusted EBITDA, Adjusted Operating Income and Adjusted Net Income are key measures
used by management to evaluate our operating performance, generate future operating plans and make strategic decisions regarding the
allocation of capital. In particular, the exclusion of certain expenses in calculating Adjusted EBITDA, Adjusted Operating Income and
Adjusted Net Income facilitates operating performance comparisons on a period-to-period basis and excludes items that we do not consider
to be indicative of our core operating performance.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><b><i>Adjusted
selling, general and administrative</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Adjusted
selling, general and administrative is a non-IFRS financial measure that we calculate as selling, general and administrative adjusted
to exclude IPO preparation and transaction costs, Other transaction-related, certain legal and other expenses and IPO related share-based
compensation expense.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><b>3.2.
Management's discussion and analysis of financial condition and results of operations</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><b>3.2.1.
Business Overview</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in">Mytheresa
is one of the leading global luxury fashion e-commerce platforms shipping to over 130 countries. Founded as a boutique in 1987, Mytheresa
launched online in 2006 and offers ready-to-wear, shoes, bags and accessories for womenswear, menswear and kidswear. In 2022, Mytheresa
expanded its luxury offering to home d&eacute;cor and lifestyle products with the launch of the new category &ldquo;Life&rdquo;. The
highly curated edit of over 200 brands focuses on true luxury brands such as Bottega Veneta, Burberry, Dolce&amp;Gabbana, Gucci, Loewe,
Loro Piana, Moncler, Prada, Saint Laurent, Valentino, and many more. Mytheresa&rsquo;s unique digital experience is based on a sharp
focus on high-end luxury shoppers, exclusive product and content offerings, leading technology and analytical platforms as well as high
quality service operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><b>3.2.2.
Business Highlights</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">From fiscal
2021 to fiscal 2022, we grew our active customers by 16.4% to 781,000 customers. In fiscal 2022, we reported &euro;689.8 million in net
sales, representing growth of 12.6% from fiscal 2021. For the fiscal year ended June&nbsp;30, 2022 gross profit was at &euro;355.0 million,
an increase of &euro;67.9 million or 23.7% year-over-year. Net loss decreased from &euro;32.6 million in fiscal 2021 to &euro;7.9 million
in fiscal 2022. In fiscal 2022, we reported Adjusted Net Income of &euro;44.5 million, representing an improvement from &euro;32.1 million
in fiscal 2021. Additionally, in fiscal 2022, we generated &euro;57.2 million of Adjusted Operating Income and &euro;66.3 million of
Adjusted EBITDA, representing year over year growth of &euro;10.6 million and &euro;11.4 million, respectively. Adjusted Net Income,
Adjusted Operating Income and Adjusted EBITDA are measures that are not defined in IFRS. For further information about how we calculate
Adjusted Net Income, Adjusted Operating Income and Adjusted EBITDA, limitations of their use and their reconciliations to the most comparable
IFRS measures, see &ldquo;<i>3.1. Selected financial data</i>&rdquo;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><b>3.2.3.
Factors Affecting our Performance</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">To
analyze our business performance, determine financial forecasts and help develop long-term strategic plans, we focus on the factors described
below. While each of these factors presents significant opportunity for our business, collectively, they also pose important challenges
that we must successfully address in order to sustain our growth, improve our operating results and achieve and maintain our profitability,
including those discussed below and in the section of this report titled &lsquo;&lsquo;Risk Factors.&rsquo;&rsquo;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><b><i>Overall
Economic Trends</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">The
overall economic environment and related changes in consumer behavior have a significant impact on our business. Though it is generally
more muted in our high net worth customer cohort versus a broader demographic, positive conditions in the broader economy promote customer
spending on our website, while economic weakness, which generally results in a reduction of customer spending, may have a negative effect
on customer spend. Global macroeconomic factors can affect customer spending patterns, and consequently our results of operations. These
include, but are not limited to, employment rates, trade negotiations, availability of credit, inflation, interest rates and fuel, regional
military conflicts and energy costs. In addition, during periods of low unemployment, we generally experience higher labor costs.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><b><i>Growth
in Brand Awareness</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">We
will continue to invest in brand marketing activities to expand brand awareness. As we build our customer base, we will launch additional
brand marketing campaigns, host events and develop in-house product content to attract new customers to our platform. If we fail to cost-effectively
promote our brand or convert impressions into new customers, our net sales growth and profitability may be adversely affected.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><b><i>Consumer
Acquisition and Engagement</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Our
financial performance depends on the expenses we incur to attract and retain consumers and the revenues we then generate with the customers.
To continue to grow our business profitably, we need to acquire and retain customers in an efficient manner and of high quality. We acquire
customers through our brand marketing and performance marketing efforts. To measure the effectiveness of our marketing spend, we analyze
CAC and LTV.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Customer
Acquisition Cost</i></b></font>. We define CAC as all of our online marketing expenses, excluding software costs, which we attribute
to acquiring new customers in a given year, divided by the number of customers who placed their first order in the relevant year. These
costs accounted for approximately 81% of our total marketing expense in fiscal 2022 as we exclude public relations and creative production
costs, as well as marketing expense attributable to retaining existing customers when evaluating CAC. We manage CAC methodically, continually
using customer data to optimize our global customer acquisition strategy.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Starting
in fiscal 2017, we introduced a proprietary marketing attribution system focused on customer journeys across media channels. We additionally
began utilizing data analytics and algorithms to optimize our paid marketing efforts and bidding strategies to acquire customers whom
we believe will deliver high lifetime values. Collectively, these efforts have resulted in significantly declining CAC in fiscal 2018,
fiscal 2019, fiscal 2020 and fiscal 2021, a trend we believe is rare in the industry, despite growing our active customer base from 486,000
in fiscal 2020 to over 781,000 in fiscal 2022.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Lifetime
Value</i></b></font>. We define LTV as the cumulative contribution profit attributable to a particular customer cohort, which we define
as all of our customers who made their initial purchase between July&nbsp;1 and June&nbsp;30 in a given cohort year. We define contribution
profit as gross profit less shipping, packaging, fulfillment (including personnel), payment expenses and the portion of marketing expenses
attributable to retaining existing customers. We measure the profitability of new customer acquisition by comparing the LTV of a particular
customer cohort with the CAC attributable to such cohort. Our lifetime value has increased over time as our customers who stay on our
platform spend more over time. This is evidenced by the growth in our net sales per active customer by cohort demonstrated below.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Net Sales per Active
Customer</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><img src="tm2225775d2_ex99-1img006.jpg" alt="">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">The
fiscal 2016 cohort&rsquo;s LTV has increased over time as a result of repeat purchases and increased spend by retained customers. This
results in a 3.2 times payback of our original cost to acquire this customer, demonstrating our marketing efficiency and profitable model.
The following chart illustrates the efficiency of our customer acquisitions, as well as the profitability associated with retaining customers.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><img src="tm2225775d2_ex99-1img007.jpg" alt="">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">To
illustrate the recent effectiveness and consistency of our marketing efforts, the following chart compares the LTV to CAC ratio for fiscal
2016, 2017, 2018, 2019, 2020, 2021 and 2022 respectively, cohorts for their one year, two year, three year, four and five year periods,
where relevant. The relative consistency illustrates the repeatability of our model as we continue to grow.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>LTV/CAC by Customer Cohort
Over Time</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><img src="tm2225775d2_ex99-1img008.jpg" alt="">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><b><i>Customer
Retention</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Our
success is impacted not only by efficient and profitable customer acquisition, but also by our ability to retain customers, encourage
repeat purchases and grow our portion of wallet share over time. This is reflective of our ability to engage and retain our customers
through our curated assortment and the improved convenience of our platform.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">The
increasing share of our net sales from existing customers reflects our customer loyalty and the net sales retention behavior we see in
our cohorts. We define cohort net sales retention as net sales attributable to a given customer cohort divided by the total net sales
attributable to the same customer cohort from the prior fiscal year. We retained approximately 83% of net sales from prior year cohorts
in fiscal 2022.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Additionally,
in fiscal 2022 we retained greater than 100% of the net sales for the 2019 cohorts and prior. This cohort behavior demonstrates our ability
to not only retain customers, but to also increase active customers&rsquo; spend on our platform as our loyal customers place orders
more frequently at increasing average order values.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Net Sales by Cohort</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><img src="tm2225775d2_ex99-1img009.jpg" alt="">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><b><i>Luxury
Brand Partners</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Our
business model relies on providing our customers access to a curated assortment of top luxury brands. We believe our longstanding relationships
with top luxury fashion brands represent a competitive advantage. We employ a rigorous framework and deep buying expertise, informed
by customer data, to meticulously buy and curate an exclusive assortment on our website. As we grow, we strive to maintain our exclusive
relationships while forming new relationships with up and coming brands to the extent there is customer demand for such brands. However,
if we are unsuccessful in maintaining these relationships or developing new relationships, our business and results of operations may
be adversely affected.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><b><i>Growth
of Online Luxury</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">According
to the 2021 Bain Study, the online penetration of luxury personal goods is expected to increase from 22% to 30% from 2021 to 2025. The
growth in online will be driven by online platforms taking share from traditional retailers, driven by consumer preference for online
shopping and the ease afforded by multibrand sites. In response to the shift online, the luxury market is innovating and evolving with
new niche collections and customization options. Mytheresa has a long history of being at the forefront of this dialogue experimenting
with brand partners through relevant brand collaborations and exclusive product offerings. However, if we fail to capture the future
online spending shift with relevant product or if our competitors engage in promotional activity over multiple seasons, our customer
growth may decelerate and our results of operations may be adversely affected.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><b><i>Growth
in Men&rsquo;s, Kidswear and Life</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
2019 we launched Mytheresa Kids, and in January&nbsp;2020, we launched Mytheresa Men to expand our curated offering to these large and
underserved categories. We believe there is a dearth of curated online multi-brand offerings in both categories which we can capture
through our differentiated value proposition. We have built out full buying, marketing and merchandising teams, leveraged our brand relationships
and are supporting these categories with exclusive capsules, experiences and content. We believe we can curate and assort collections
for men, as we have done with women&rsquo;s, expanding our value proposition to these new categories.</font> We launched the new category
Life in May&nbsp;2022, extending Mytheresa&rsquo;s renowned multi-brand shopping approach into all aspects of luxury lifestyle. Life
presents the most elevated selection of home d&eacute;cor and other lifestyle products, further deepening the relationship with our high
value customers that have a passion for luxury design in their wardrobes as well as their homes. Being the only curated luxury online
platform to combine womenswear, menswear, kidswear and now lifestyle products, makes us a truly unique and engaging destination for luxury
shoppers.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><b><i>Inventory
Management</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">We
utilize our customer data and collaborate with brand partners to assort a highly relevant assortment of products for our customers. The
expertise of our buyers and our data help us gauge demand and product architecture to optimize our inventory position. Through analyzing
customer feedback and real-time customer purchase behavior, we are able to efficiently predict demand, sizing and colorways beyond the
insights of our buyers. This minimizes our portfolio risk and increases our sell-through. As we scale, our buying process will be further
enhanced through the growth in our global data repository and our ability to leverage data science as part of the buying process. Additionally,
our investments in different facets of our inventory offering fluctuate alongside shifting consumer trends and the fundamental needs
of our business.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><b><i>Investment
in our Operations and Infrastructure</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">As
we enhance our offering and grow our customer base, we will incur additional expenses. Our future investments in operations and infrastructure
will be informed by our understanding of global luxury trends and the needs of our platform. As we continue to scale, we will be required
to support our online offering with additional personnel. We will invest capital in inventory, fulfillment capabilities, and logistics
infrastructure as we drive efficiencies in our business, localize our offering, enter new categories and partner with new brands. We
will also actively monitor our fulfillment capacity needs, investing in capacity and automation in a selective manner.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><b><i>Curated
Platform Model (CPM)</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">CPM
integrates Mytheresa Group with brand partners&rsquo; direct retail operations which provides access to highly desirable products at
scale, improves capital efficiency and is accretive to top- and bottom-line. The products are selected by Mytheresa Group out of a much
larger brand retail collection. </font>Through the CPM, we are able to directly maintain the customer relationship and manage the fulfilment
of the order up to the shipment to the end customer. Early season deliveries are aligned with retail channels. In addition, Mytheresa
receives regular in-season replenishment of core as well as seasonal products. The product is delivered to the Mytheresa Group warehouse;
however, the inventory is owned by the brand partner until it is delivered to a customer. Unsold merchandise will either be returned
to the brand partner by the end of the season or carried forward for the new season. Mytheresa Group acts as an agent, with the CPM platform
fees recorded as net sales.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>3.2.4.
</b></font><b>Components of our Results of Operations</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Net
sales</i></b></font> consist of revenues earned from sales of clothing, bags, shoes, accessories and fine jewelry categories through
our sites and our flagship retail store and our recently opened men&acute;s store, as well as shipping revenue and delivery duties paid
when applicable, net of promotional discounts and returns. The platform fees originating from the curated platform model are also included
in our net sales. Revenue is generally recognized upon delivery to the end customer. Changes in our reported net sales are mainly driven
by growth in the number of our active customers, changes in average order value, the total number of orders shipped and fees in relation
to our curated platform model.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Cost
of sales, exclusive of depreciation and amortization</i></b></font> includes the cost of merchandise sold, net of trade discounts, in
addition to inventory write-offs and delivery costs of product from our brand partners. These costs fluctuate with changes in net sales
and changes in inventory write-offs due to inventory aging. For CPM revenue, we do not incur cost of sales as the purchase price of the
goods sold is borne by the CPM brand partner.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Shipping
and payment costs</i></b></font> consist primarily of shipping fees paid to our delivery providers, packaging costs, delivery duties
paid for international sales and payment processing fees paid to third parties. Shipping and payment costs fluctuate based on the number
of orders shipped and net sales. General increases are due to a higher share of international sales and a higher share of countries where
the company bears all customs duties for the customer, for example in the USA.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Marketing
expenses</i></b></font> primarily consist of online advertising costs aimed towards acquiring new customers, including fees paid to our
advertising affiliates, marketing to existing customers, and other marketing costs, which include events productions, communication,
and development of creative content. We expect marketing expenses to increase over time, but to stay stable as a percentage of GMV in
the medium term.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Selling,
general and administrative expenses</i></b></font> include personnel costs and other types of general and administrative expenses. Personnel
costs, which constitute the largest percentage of selling, general and administrative expenses, include salaries, benefits, and other
personnel-related costs for all departments within the Company, including fulfillment and marketing operations, creative content production,&nbsp;IT,
buying, and general corporate functions. General and administrative expenses include IT expenses, rent expenses for leases not capitalized
under IFRS 16, consulting services, insurance costs,&nbsp;IPO preparation and transaction costs as well as other transaction-related,
certain legal and other expenses. Although selling, general and administrative expenses will increase as we grow and become a publicly
traded company, we expect these expenses to stay stable as a percentage of net sales.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Depreciation
and amortization</i></b></font> include the depreciation of property and equipment, including right-of-use assets capitalized under IFRS
16, leasehold improvements, and amortization of technology and other intangible assets.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Other
expense (income), net </i></b></font>principally consists of gains or losses from foreign currency fluctuations, gains or losses on disposal
of property, plant, and equipment and other miscellaneous expenses and income.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Finance
income (cost), net </i></b></font>in fiscal 2021 consist primarily of interest incurred in relation to our U.S. Dollar denominated Shareholder
Loans and related foreign exchange gains and losses. In January&nbsp;2021, we fully repaid our Shareholder Loans (principal plus outstanding
interest) using a portion of the net proceeds from our initial public offering. In fiscal 2022, our finance costs relate to interest
expense on our leases as well as on our Revolving Credit Facilities with Commerzbank Aktiengesellschaft (&ldquo;Commerzbank&rdquo;) and
UniCredit Bank AG (&ldquo;UniCredit&rdquo;) (together, our &ldquo;Revolving Credit Facilities&rdquo;). Given our strong cash position
we reduced our committed revolving credit lines from &euro;90&nbsp;million to &euro;60 million to reduce interest expenses.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><b>3.2.5.
Operating Results</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">For
a discussion of (i)&nbsp;our results of operations, including selected segment information, for the year ended June&nbsp;30, 2021, including
a year-over-year comparison between fiscal 2021 and fiscal 2020, and (ii)&nbsp;our liquidity and capital resources for the years ended
June&nbsp;30, 2021 and June&nbsp;30, 2020, please refer to the section contained in our Annual Report for the fiscal year ended June&nbsp;30,
2021, &quot;Item 3.2.5: Operating Results&quot;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><b>Operating
Results and Operating Metrics of the Group</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">The
following table sets forth our results of operations for the periods presented. The period to period comparison of financial results
is not necessarily indicative of future results.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt; text-align: justify">&nbsp;</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="5" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Fiscal year ended</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: justify; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June&nbsp;30, 2020</td><td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June&nbsp;30, 2021</td><td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June&nbsp;30, 2022</td>
    <td style="white-space: nowrap">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 66%; font: 10pt Times New Roman, Times, Serif; text-align: justify">Net sales</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">449,487</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">612,096</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">689,750</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt">Cost of sales, exclusive of depreciation and amortization</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(239,546)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(325,053)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(334,758)</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: justify">Gross profit</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">209,941</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">287,043</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">354,992</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Shipping and payment cost</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(52,857)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(71,466)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(97,697)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Marketing expenses</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(62,507)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(81,558)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(96,093)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Selling, general and administrative expenses</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(66,427)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(157,151)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(148,172)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Depreciation and amortization</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(7,885)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(8,232)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(9,088)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt">Other income (expense), net</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">645</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(799)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">892</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: justify">Operating income</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">20,910</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(32,162)</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">4,834</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt">Finance income (costs), net</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(11,119)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">15,091</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(998)</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: justify">Income (loss) before income taxes</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">9,791</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(17,070)</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">3,836</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt">Income tax (expense) income</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(3,441)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(15,534)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(11,734)</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: justify">Net income (loss)</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">6,350</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(32,604)</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(7,898)</td>
    <td>&nbsp;</td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">The
following table sets forth each line item within the statement of profit as a percentage of net sales for each of the periods presented.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt; text-align: justify">&nbsp;</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="5" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Fiscal year ended</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: justify; border-bottom: Black 1pt solid">(in % of Net sales)</td><td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="white-space: nowrap; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">June&nbsp;30, 2020</td><td style="white-space: nowrap; text-align: center; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="white-space: nowrap; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">June&nbsp;30, 2021</td><td style="white-space: nowrap; text-align: center; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="white-space: nowrap; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">June&nbsp;30, 2022</td>
    <td style="white-space: nowrap">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 66%; font: 10pt Times New Roman, Times, Serif; text-align: justify">Net sales</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">100.0%</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">100.0%</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">100.0%</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt">Cost of sales, exclusive of depreciation and amortization</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(53.3)%</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(53.1)%</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(48.5)%</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: justify">Gross profit</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">46.7%</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">46.9%</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">51.5%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Shipping and payment cost</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(11.8)%</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(11.7)%</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(14.2)%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Marketing expenses</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(13.9)%</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(13.3)%</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(13.9)%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Selling, general and administrative expenses</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(14.8)%</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(25.7)%</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(21.5)%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Depreciation and amortization</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(1.8)%</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(1.3)%</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(1.3)%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt">Other income (expense), net</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">0.1%</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(0.1)%</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">0.1%</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: justify">Operating income</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">4.7%</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(5.3)%</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">0.7%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt">Finance (expense) income, net</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(2.5)%</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">2.5%</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(0.1)%</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: justify">Income (loss) before income taxes</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">2.2%</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(2.8)%</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">0.6%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt">Income tax (expense) income</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(0.8)%</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(2.5)%</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(1.7)%</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: justify">Net income (loss)</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">1.4%</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(5.3)%</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(1.1)%</td>
    <td>&nbsp;</td></tr>
  </table>



<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><b>Comparison
of the Years Ended June&nbsp;30, 2021 and 2022</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><b><i>Net
sales</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Net
sales increased from &euro;612.1 million for the fiscal year ended June&nbsp;30, 2021 to &euro;689.8 million for the fiscal year ended
June&nbsp;30, 2022. For the last twelve months, our total orders shipped increased from 1.51 million to 1.77 million, or 17.2%. For the
fiscal year ended June&nbsp;30, 2022 net sales growth is primarily due to the fact that we were able to generally grow our active customers
with a strong average order value during that time on the base of strong customer retention and with continuous effort to win new customers
with the effective use of our performance marketing tools. For the fiscal year ended June&nbsp;30, 2022 the net sales growth was adversely
affected by the war in Ukraine, sanctions in Russia and Covid-related effects in Asia, current continued inflationary pressures and overall
economic downturn, which caused lower demand for luxury products compared to the prior year period. The slower increase in net sales
compared to our GMV growth is due to the effect of brands switching from the wholesale model to the CPM. With this switch our reported
net sales from these brands do not equal the GMV from these brands as before, but only the platform fee from these brands GMV. This effect
is recognized only in the first twelve months after a brand switches fully from wholesale to CPM. Twelve months after a brand partner
switched completely from Wholesale to CPM, net sales from the brand partner will again grow with the same rate as the GMV from the brand
partner.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><b><i>Cost
of sales, exclusive of depreciation and amortization</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Cost
of sales, exclusive of depreciation and amortization for the fiscal year ended June&nbsp;30, 2022 increased by &euro;9.7 million, or
3.0%, compared to the fiscal year ended June&nbsp;30, 2021. The slight increase during the periods presented mainly resulted from an
increase in total orders shipped. Overall, our cost of sales as a percentage of net sales decreased from 53.1% for the fiscal year ended
June&nbsp;30, 2021 to 48.5% for the fiscal year ended June&nbsp;30, 2022. The decrease is primarily due to the increasing share in CPM
revenue. For CPM revenue, no cost of sales, exclusive of depreciation and amortization are recognized given that the price of the goods
sold is borne by the CPM brand partner.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>



<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><b><i>Gross
profit</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">For
the fiscal year ended June&nbsp;30, 2022 gross profit was at &euro;355.0 million, an increase of &euro;67.9 million or 23.7% year-over-year.
For that period the gross profit margin in relation to net sales increased to 51.5% in the fiscal year ended June&nbsp;30, 2022 compared
to the previous fiscal year with 46.9%. The increase is driven primarily by our increasing share in CPM revenues. For CPM, no cost of
sales incurred given that the purchase price of the goods sold is borne by the CPM brand partner.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><b><i>Shipping
and payment costs</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Shipping
and payment costs increased by &euro;26.2 million, or 36.7%, from &euro;71.5 million for the fiscal year ended June&nbsp;30, 2021 to
 &euro;97.7 million for the fiscal year ended June&nbsp;30, 2022. The increase was primarily driven by an increase in total orders shipped,
price increase in shipping costs and a higher share of countries where we pay all customs duties for the customer, for example in the
US. As a percentage of net sales, shipping and payment cost increased from 11.7% for the fiscal year ended June&nbsp;30, 2021 to 14.2%
for the fiscal year ended June&nbsp;30, 2022. As a percentage of GMV, shipping and payment cost increased from 11.6% for the fiscal year
ended June&nbsp;30, 2021 to 13.1% for the fiscal year ended June&nbsp;30, 2022.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><b><i>Marketing
expenses</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Marketing
expenses increased from &euro;81.6 million for the fiscal year ended June&nbsp;30, 2021 to &euro;96.1 million for the fiscal year ended
June&nbsp;30, 2022. Marketing expenses increased primarily due to an increase in the number of customers acquired and additional brand
collaboration campaigns and local events compared to prior year period. We constantly improve the utilization of data analytics and algorithms
to optimize our paid marketing efforts and bidding strategies.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">As
a percentage of net sales, marketing expenses increased from 13.2% for the fiscal year ended June&nbsp;30, 2021 to 13.9% for the fiscal
year ended June&nbsp;30, 2022.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">As
a percentage of GMV, marketing expenses decreased from 13.2% for the fiscal year ended June&nbsp;30, 2021 to 12.9% for the fiscal year
ended June&nbsp;30, 2022.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Mytheresa
was able to increase its active customers for the last twelve months ended June&nbsp;30, 2022 by 16.4%. Also in this fiscal year 2022
we saw a continuation of very good customer cohort performance.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><b><i>Selling,
general and administrative expenses</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Selling,
general and administrative expenses consist of the following:</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt; text-align: justify">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="5" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Year ended June&nbsp;30,</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: justify; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2020</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2022</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 66%; font: 10pt Times New Roman, Times, Serif; text-align: justify">Personnel-related expenses</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(50,910)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(133,710)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(122,695)</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: italic 10pt Times New Roman, Times, Serif; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thereof contributions to defined contribution plans</td><td style="font: italic 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: italic 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: italic 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: italic 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: italic 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: italic 10pt Times New Roman, Times, Serif; text-align: right">(34)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Rental and other facility-related expenses</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(932)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(2,197)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(2,252)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">IT expenses</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(4,567)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(6,636)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(7,647)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Insurances, contributions and fees</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(294)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(2,833)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(4,145)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Travel costs</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(1,089)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(143)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(1,390)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">IPO preparation and transaction costs <sup>(1)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(5,206)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(6,984)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other transaction-related, certain legal and other expenses <sup>(2)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(2,493)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Consulting and other services</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(1,625)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(2,140)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(4,342)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt">Other</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(1,804)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(2,508)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(3,207)</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 2.5pt">Total Selling, general and administrative expenses</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(66,427)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(157,151)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(148,172)</td>
    <td style="padding-bottom: 2.5pt">&nbsp;</td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="font-size: 10pt">Represents
non-recurring professional fees, including consulting, legal and accounting fees, related to our planned initial public offering (&ldquo;IPO&rdquo;),
which are classified within selling, general and administrative expenses.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="font-size: 10pt">Other
transaction-related, certain legal and other expenses represents (i)&nbsp;professional fees, including advisory and accounting fees,
related to potential transactions, (ii)&nbsp;certain legal expenses incurred outside the ordinary course of our business and (iii)&nbsp;other
non-recurring expenses incurred in connection with the costs of establishing our new central warehouse in Leipzig, Germany.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt; text-align: justify">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="7" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Fiscal year ended</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: justify; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June&nbsp;30, 2020</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June&nbsp;30, 2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June&nbsp;30, 2022</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">FY22 vs FY21<br> Change in %<br> / BPs</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 55%; font: bold 10pt Times New Roman, Times, Serif; text-align: justify">Total Selling, general and administrative expenses</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">66,427</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">157,151</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">148,172</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(5.7)%</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">IPO related share-based compensation<sup>(1)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">65</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">71,889</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">49,919</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(30.6)%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">IPO preparation and transaction costs <sup>(2)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">5,206</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">6,984</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">N/A</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other transaction-related, certain legal and other expenses <sup>(3)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">2,493</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">N/A</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: justify">Adjusted Selling, general and administrative expenses</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">61,155</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">78,278</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">95,760</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">22.3%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: justify">in % of net sales</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">13.6%</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">12.8%</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">13.9%</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">110BPs</td>
    <td>&nbsp;</td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"></p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0"></td><td style="text-align: justify; width: 0.25in">(1)</td><td style="text-align: justify">In
                                            fiscal 2021, with the effective IPO, certain key management personnel received a one-time
                                            granted share-based compensation, for which the share-based compensation expense will be
                                            recognized upon defined vesting schedules in the future periods, including &euro;49.9 million
                                            for fiscal year ended June&nbsp;30, 2022. We do not consider these expenses to be indicative
                                            of our core operating performance.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0"></td><td style="text-align: justify; width: 0.25in">(2)</td><td style="text-align: justify">Represents
                                            non-recurring professional fees, including consulting, legal and accounting fees, related
                                            to our planned initial public offering (&ldquo;IPO&rdquo;), which are classified within selling,
                                            general and administrative expenses.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0"></td><td style="text-align: justify; width: 0.25in">(3)</td><td style="text-align: justify">Other
                                            transaction-related, certain legal and other expenses represents (i)&nbsp;professional fees,
                                            including advisory and accounting fees, related to potential transactions, (ii)&nbsp;certain
                                            legal expenses incurred outside the ordinary course of our business and (iii)&nbsp;other
                                            non-recurring expenses incurred in connection with the costs of establishing our new central
                                            warehouse in Leipzig, Germany.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">The
total selling, general and administrative expenses decreased by &euro;9.0 million for the fiscal year ended June&nbsp;30, 2022 from &euro;157.2
million in the fiscal year ended June&nbsp;30, 2021 to &euro;148.2 million in the fiscal year ended June&nbsp;30,&nbsp;2022. The Mytheresa
Group recognized IPO related share-based compensation expenses for the fiscal year ended June&nbsp;30, 2022 of &euro;49.9 million and
 &euro;71.9 million for the fiscal year ended June&nbsp;30, 2021. Excluding the IPO related share-based compensation expenses,&nbsp;IPO
preparation and transaction costs as well as other transaction-related, certain legal and other expenses, the adjusted selling, general
and administrative expenses as a percentage of net sales increased for the fiscal year ended June&nbsp;30, 2022 from 12.8% to 13.9%,
due to higher personnel expenses, insurance, and IT expenditures, in the periods.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
increase in personnel expenses excluding the IPO related share-based compensation expenses is also attributable to the increase in the
number of employees to 1,238 for the fiscal year ended June&nbsp;30, 2022 compared to 1,015 employees as of June&nbsp;30, 2021. </font>One
of the main drivers of the increase in employees and personnel-related expenses is the addition of new fulfillment personnel. Overall,
personnel expenses as a percentage of net sales decreased from 21.8% in the fiscal year ended June&nbsp;30, 2021 to 17.8% for the fiscal
year ended June&nbsp;30, 2022. The decrease in percentage of net sales is mainly driven by IPO related share-based compensation expenses.
Excluding the IPO related share-based compensation expenses, personnel-related expenses as a percentage of net sales was at 10.1% for
the fiscal year ended June&nbsp;30, 2021 and 10.6% for the fiscal year ended June&nbsp;30, 2022.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Other
general and administrative expenses increased by &euro;2.0 million, from &euro;23.4 million during the fiscal year ended June&nbsp;30,
2021 to &euro;25.5 million during the fiscal year ended June&nbsp;30, 2022, mainly due to higher insurance, travel cost and IT expenditures,
in the period.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><b><i>Depreciation
and amortization</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Depreciation
and amortization expenses, increased from &euro;8.2 million for the fiscal year ended June&nbsp;30, 2021 to &euro;9.1 million for the
fiscal year ended June&nbsp;30, 2022, due to higher depreciation in right of use asset and increased depreciation in office equipment.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><b><i>Finance
income (costs), net</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Total
interest and other expenses on our Revolving Credit Facilities was &euro;0.7 million and &euro;0.4 million during the fiscal year ended
June&nbsp;30, 2021 and 2022, respectively.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Total
interest expense on leases capitalized under IFRS 16 was &euro;0.6 million and &euro;0.6 million during the fiscal year ended June&nbsp;30,
2021 and 2022.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Finance
expenses in fiscal 2021 originated primarily from our Shareholder Loans, with a small portion related to the use of our Revolving Credit
Facilities, which we utilized at certain points in fiscal 2021 as we built our inventory.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">In
fiscal 2021, we incurred interest expense, in addition to foreign currency gains and losses, on our U.S. Dollar denominated Shareholder
Loans. During the fiscal year ended June&nbsp;30, 2021, interest expenses of &euro;5,990 thousand were incurred on these loans. In addition,
income of &euro;7,601 thousand due to foreign currency exchange rate adjustments was recognized in the fiscal year ended June&nbsp;30,
2021 due to the full payback of the shareholder loan, while foreign currency income was &euro;14.6 million.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">In
January&nbsp;2021, we repaid our Shareholder Loans (principal plus outstanding interest) using a portion of the net proceeds from our
initial public offering.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Income
tax (expense) income </i></b></font>include the current income taxes which are calculated based on the respective local taxable income
and local tax rules&nbsp;for the period. For further information see note A.5.12.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><b>3.2.6.
Operating Results by Segment</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Segment
reporting requires the use of the management approach in determining operating segments. The management approach considers the internal
organization and reporting used by Mytheresa Group&rsquo;s chief operating decision maker (&lsquo;&lsquo;CODM&rsquo;&rsquo;) for making
operating decisions and assessing performance. Mytheresa Group collectively identifies its Chief Executive Officer and Chief Financial
Officer as the CODM. The internal financial reporting provided to the CODM includes separate data for Mytheresa Group&rsquo;s online
operations and its retail stores, resulting in two operating segments.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Assets
are not allocated to the different business segments for internal reporting purposes.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">The
following table shows our net sales and EBITDA for the fiscal year ended June&nbsp;30, 2020, 2021 and 2022, respectively, for each segment.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 70%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt; text-align: justify">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="10" style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><b>Fiscal Year Ended</b></td><td style="padding-bottom: 1pt; font-size: 10pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="white-space: nowrap; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">(in
    &euro; thousands)</td><td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt">&nbsp;</td>
    <td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td><td style="white-space: nowrap; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>June&nbsp;30,
                                            2020</b></font></td><td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</td><td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt">&nbsp;</td>
    <td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td><td style="white-space: nowrap; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>June&nbsp;30,
                                            2021</b></font></td><td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</td><td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt">&nbsp;</td>
    <td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td><td style="white-space: nowrap; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>June&nbsp;30,
                                            2022</b></font></td><td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: justify">Online</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="width: 61%; font: 10pt Times New Roman, Times, Serif; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Sales</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">437,448</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">602,871</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">674,484</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EBITDA</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">32,361</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">65,357</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">81,159</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt; text-align: justify">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: justify">Retail Stores</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Sales</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">12,039</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">9,225</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">15,266</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EBITDA</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,947</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,670</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">4,229</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt; text-align: justify">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.25in">Mytheresa
Group earns revenues worldwide through its online operations, while all revenue associated with the retail stores is earned in Germany.
Geographic location of online revenue is determined based on the location of delivery. The following table provides Mytheresa Group's
net sales by geographic location:</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 95%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt; text-align: justify">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="11" style="font-size: 10pt; text-align: center; border-bottom: Black 1pt solid">&nbsp;<b>For the fiscal year ended June&nbsp;30,</b></td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="3" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2020</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="3" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="3" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2022</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 33%; font: 10pt Times New Roman, Times, Serif; text-align: justify">Germany</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">98,443</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">21.9%</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">115,334</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">18.8%</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">128,616</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">18.6%</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">United States</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">45,183</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">10.1%</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">77,596</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">12.7%</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">108,748</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">15.8%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Europe (excluding Germany) <sup>(1)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">173,875</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">38.7%</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">253,700</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">41.4%</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">276,110</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">40.0%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rest of the world <sup>(1)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">131,986</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">29.4%</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">165,466</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">27.0%</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">176,277</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">25.6%</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt; text-align: justify; padding-bottom: 2.5pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">449,487</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">100.0%</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">612,096</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">100.0%</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">689,750</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">100.0%</td>
    <td style="padding-bottom: 2.5pt">&nbsp;</td></tr>
  </table>




<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></p>

<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(1)</td><td style="text-align: justify">No individual country
                                            other than Germany and the United States accounted for more than 10% of net sales.</td>
</tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.25in">No
single customer accounted for more than 10% of Mytheresa Group&rsquo;s net sales in any of the periods presented. Substantially, all
long&#45;lived assets are located in Germany.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><b>3.2.7.
Liquidity and Capital Resources</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Our
primary requirements for liquidity and capital are to finance working capital, capital expenditures and general corporate purposes, including
income taxes. Our capital expenditures consist primarily of capital improvements to our facilities and headquarters and IT licenses.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Our
primary sources of liquidity are cash generated from our operations, available cash and cash equivalents and our Revolving Credit Facilities,
which have a combined line of credit of &euro;60 million as well as the proceeds from our initial public offering in January&nbsp;2021.
Given our strong cash position we reduced our committed revolving credit lines in February&nbsp;2022 from &euro;90&nbsp;million to &euro;60
million to reduce interest expenses.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Our
Revolving Credit Facilities provide short-term liquidity, needed due to the seasonal variability of our business. As of June&nbsp;30,
2022, our cash and cash equivalents were &euro;113.5 million. As of June&nbsp;30, 2022, approximately 98% of our cash and cash equivalents
were held in Germany, of which approximately 4% and 9% were denominated in, U.S. Dollars and British Pounds respectively. No other currency
held in Germany accounted for more than 4 % of our cash and cash equivalents. Approximately 2% of our cash and cash equivalents were
held outside of Germany, with the majority held in the United States in US Dollars. While we have a stable and growing customer base
that has provided us with annual increases in net sales and corresponding cash inflows, we experience seasonal increases in cash expenditures
during the first and third quarters of each fiscal year as we build our inventory, offset by increases in revenues during the second
and fourth quarters. As a result, we experience fluctuations in cash flows throughout the year.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">We
typically draw on our Revolving Credit Facilities as a result of seasonal volatility in our business.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">As
of June&nbsp;30, 2021, we fully repaid our borrowings on our Revolving Credit Facilities. As of June&nbsp;30, 2022, the interest rates
were 2.20% and 2.25% for the Commerzbank and UniCredit facilities, respectively, if used as basic short-term borrowings. Typically, we
use monthly money market loans with an interest rate of Borrowings 1.3% to 1.4% under our Revolving Credit Facilities which are secured
by our inventory and customer receivables.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Under
the Revolving Credit Facilities, we have financial covenants relating to inventory as a borrowing base and a maximum group debt to equity
ratio. As of June&nbsp;30, 2022, we were in compliance with all covenants for the Revolving Credit Facilities.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">On
January&nbsp;26, 2021, Mytheresa Group exercised its option to repay the Fixed Rate Shareholder Loans (principal plus outstanding interest)
with the proceeds of the Company&acute;s IPO, which resulted in cash outflows of &euro;170.0 million ($206.6 million). In addition, Mytheresa
Group fully repaid any borrowings under the revolving credit facilities.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Our ability
to make principal and interest payments on our Revolving Credit Facilities, in addition to funding planned capital expenditures, will
depend on our ability to generate cash in the future. Our future ability to generate cash from operations is, to a certain extent, subject
to general economic, financial, competitive, regulatory and other conditions. Based on our current level of operations we believe that
our existing cash balances and expected cash flows generated from operations, as well as our financing arrangements under the Revolving
Credit Facilities, is sufficient to meet our operating requirements for at least the next twelve months.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">The following
table shows summary consolidated cash flow information for the fiscal year ended June&nbsp;30, 2020, 2021 and 2022:</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" align="CENTER" style="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt; text-align: justify">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="5" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Year Ended June&nbsp;30,</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: justify; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2020</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2022</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: justify">Consolidated Statement of Cash Flow Data:</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="width: 66%; font: 10pt Times New Roman, Times, Serif; text-align: justify">Net cash (outflow) inflow from operating activities</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">10,559</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(16,486)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">54,840</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Net cash outflow from investing activities</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(2,420)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(2,894)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(11,923)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Net cash (outflow) inflow from financing activities</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(878)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">86,790</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(6,095)</td>
    <td>&nbsp;</td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: 0.25in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; color: #231f20"><b>Consolidated
Cash Flow Fiscal 2022 and Fiscal 2021</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><i>Net
cash (outflow) inflow from operating activities</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">During
the fiscal year ended June&nbsp;30, 2021, operating activities used &euro;16.5 million in cash and cash equivalents, primarily resulting
from changes in operating assets and liabilities of &euro;63.9 million, net loss of &euro;32.6 million, partially offset by share based
compensation of &euro;75.3 million.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Net
cash used by changes in operating assets and liabilities during the fiscal year ended June&nbsp;30, 2021 consisted primarily of a &euro;77.9
million increase in inventories and a &euro;7.4 million increase in trade and other payables, as well as &euro;1.8 million decrease in
other liabilities and a &euro;4.2 million decrease in other assets. The increase in inventories resulted from an overall expansion of
our business to support forecasted increases in net sales, while trade and other payables increased as a result of payment timing for
inventory purchases and IPO preparation costs towards the end of the fiscal year ended June&nbsp;30, 2021.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">During
the fiscal year ended June&nbsp;30, 2022, operating activities generated &euro;54.8 million in cash and cash equivalents, primarily resulting
from changes in operating assets and liabilities of &euro;7.8 million, of which the increase in inventories of &euro;16.9 million, the
increase in other assets of &euro;47.4 million and increase in other liabilities of &euro;24.7 million have been the main drivers, as
well as net loss of &euro;7.9 million, and share based compensation of &euro;52.3 million.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Net
cash used by changes in operating assets and liabilities during the fiscal year ended June&nbsp;30, 2022 consisted primarily from the
decrease in inventory, increase in other liabilities, partially offset by changes in working capital. The increase in other assets is
mainly due to receivables from certain brand partners as a result of their transition to the CPM, which led to a corresponding decrease
in inventory for the respective merchandise which was sold back to these brand partners. At the same period other liabilities increased
by &euro;24.7 million during the fiscal year ended June&nbsp;30, 2022.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><i>Net
cash outflow from investing activities</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in">Cash
used in investing activities for the fiscal year ended June&nbsp;30, 2021 was &euro;2.9 million, mainly resulting from equipment purchases
and IT licenses. Cash used in investing activities for the fiscal year ended June&nbsp;30, 2022 was &euro;11.9 million, mainly resulting
from capitalized assets connected to our new warehouse in Leipzig, Germany and equipment purchases and IT licenses.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in"><i>Net
cash (outflow) inflow from financing activities</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in">Net
cash obtained from financing activities during the fiscal year ended June&nbsp;30, 2021 was &euro;86.8 million, which resulted from net
proceeds from capital increase related to the initial public offering of &euro;283.2 million, offset by the repayment of the shareholder
loan of &euro;171.8 million, net repayment under our Revolving Credit Facilities of &euro;10.0 million and additional lease payments
of &euro;5.8 million.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in">Net
cash used from financing activities during the fiscal year ended June&nbsp;30, 2022 was &euro;6.1 million, which resulted from interest
payments of &euro;1.0 million, lease payments of &euro;5.5 million and proceeds from exercise of share options of &euro;0.4 million.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><b>3.2.8.
Research and development activities</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">The
Mytheresa Group does not perform any research and development activities. There are also currently no intensions to do so.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><b>3.3.
Impacts to the consolidated financial statements due to Covid-19 pandemic, cost inflation, sanctions on Russia and war in Ukraine</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Although
the persistent COVID-19 pandemic has had a substantial impact on the global economy, Mytheresa Group has not yet experienced material
declines in revenue, deterioration in net assets, or other material adverse effects from the pandemic. While the COVID-19 situation is
now easing in the US and Europe, China is still suffering from local lock-downs and numerous imposed restrictions.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">To
date, Mytheresa Group has incurred no significant supply chain or logistics disruptions with its brand partners, shipping providers or
our in-house operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">In
response to the pandemic and in coordination with local government requirements, Mytheresa Group temporarily closed certain corporate
and administrative offices in fiscal year 2020 and 2021, including its corporate headquarters in Munich, with affected employees working
remotely. These closures were limited to administrative offices and retail stores, with its warehouse and logistics functions remaining
in operation throughout the pandemic.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Mytheresa
Group also implemented safe work and social distancing measures for all employees, including personnel in its central warehouse facility
in Heimstetten, Germany. Due to government restrictions to contain the coronavirus, Mytheresa stores had to close from mid-December&nbsp;2020
to end of February&nbsp;2021, and when the stores reopened in fiscal year 2021 there were restrictions on the total number of customers
allowed in the stores. Short-term work allowance has been applied to store employees for the same period. In fiscal 2022 and as of this
reporting date, Mytheresa Group has not been impacted significantly from the COVID-19 pandemic.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">The
COVID-19 pandemic remains an evolving situation. Uncertainties in the global economy may adversely impact the Mytheresa Group&rsquo;s
brand partners, customers, and other business partners and availability of our workforce, which may interrupt its supply chain, impact
future sales, and require other changes to our operations. With a global or regional recovery from the COVID-19 pandemic, the Mytheresa
Group online shops may suffer from reduced online demand and therefore slower revenue growth. These uncertainties may also lead to increased
asset recovery and valuation risks, such as potential impairment of goodwill and intangible assets and inventories. However, management
does not currently anticipate any long-term adverse effects from the pandemic. Management will continue to closely monitor the effects
of the pandemic, including its impact on inventories and other significant estimates.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Overall
inflation is reflected in customer price increases, as the Mytheresa Group takes expected increases in recommended retail prices from
its suppliers into consideration when determining its own price increases. The demand for luxury products worldwide has been less effected
by demand shifts due to inflation than other industries. Nevertheless, Mytheresa might also suffer from increased cost inflation on energy,
logistics, labor and other parts of the Mytheresa business model.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Mytheresa
Group experienced lower growth in net sales due to lower demand for luxury products in fiscal 2022 compared to fiscal 2021 worldwide,
partially due to the war in Ukraine, sanctions in Russia and Covid-related effects in Asia which had an effect on customer sentiment
for luxury products. Mytheresa stopped all services to Russia, Belarus and Ukraine and followed all sanction measures. Mytheresa Group
has no operations or significant business in Russia, therefore the sanctions on Russia had no significant impact on net sales and on
the business.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><b>4. Risk
Management and Risk Factors</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">The
management board and supervisory board are responsible for reviewing the Company's risk management and control systems in relation to
the financial reporting by the Company. These risk management and control systems have been established to mitigate the risk the Company
faces as described in section 4.2. Risk Factors. The supervisory board has charged its audit committee (the &quot;Audit Committee&quot;)
with the periodic oversight of these risk management and control systems, with reports being provided to the supervisory board. The Audit
Committee assists the supervisory board in monitoring (i)&nbsp;the integrity of the Company's financial statements and its accounting
and financial reporting processes, (ii)&nbsp;the effectiveness of the Company's internal control over financial reporting, (iii)&nbsp;the
Company's compliance with applicable legal and regulatory requirements (including United States federal securities laws), (iv)&nbsp;the
qualifications, independence and performance of the independent auditors, (v)&nbsp;the Company's internal audit function, (vi)&nbsp;the
Company's processes and procedures relating to risk assessment and risk management, and (vii)&nbsp;related party transactions.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">Our
success as a business depends on our ability to identify opportunities while assessing and maintaining an appropriate risk appetite.
Our risk management considers a variety of risks, including those related to our industry and business, those related to our ongoing
relationship with our shareholders; those related to our intellectual property and those related to the ownership of our ordinary shares
represented by American Depositary Shares ('ADS')s. Within each category of risk, we have included risk factors in section 4.2. Risk
Factors that describe our current view of the significance of each risk described therein and have summarized those that we consider
as key risks in the section 4.2.1. Summary of key risk factors. The summary of key risk factors may not include all risks that may affect
the Company, and other risks included in section 4.2. Risk Factors as well as others not described in this report may have a material
and adverse impact on our business, strategic objectives, revenues, income, assets, liquidity, capital resources and achievement of our
strategic initiatives. Our approach to risk management is designed to provide reasonable, but not absolute, assurance that our assets
are safeguarded, the risks facing the business are being assessed and mitigated and all information that may be required to be disclosed
is reported to our senior management including, where appropriate, to our Chief Executive Officer and Chief Financial Officer. Our risk
appetite is also described in various chapters of this report, including in the Note of the consolidated financial statement <i>A.5.28
Financial instruments and financial risk management</i>.</p>

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<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">The
management board and the supervisory board believe that the Company's internal risk management and control systems provide reasonable
assurance that the Company's financial reporting does not contain any errors of material importance and that these risk management and
control systems worked properly in the fiscal year to which this board report pertains. The management board and supervisory board have
no reason to believe that there are material shortcomings associated with the Company's internal risk management and control systems.
The risk management and control systems have not been materially revised during the fiscal year to which this board report pertains,
and, other than as disclosed herein, no material improvements thereto are currently scheduled.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in">The
Company's internal risk management and control systems are under continuous review and have been discussed by the management board with
the Audit Committee and the members of the supervisory board. The same applies to any material weaknesses that are identified.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><b>4.1.
Controls and Procedures</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><b>4.1.1.
Disclosure controls and procedures</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Our management,
with the participation of our chief executive officer and chief financial officer, has evaluated the effectiveness of the design of our
disclosure controls and procedures as of June&nbsp;30, 2022. Based upon that evaluation, our chief executive officer and chief financial
officer concluded that, as of June&nbsp;30, 2022, the design of our disclosure controls and procedures were effective to accomplish their
objectives.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><b>4.1.2.
Management&rsquo;s annual report on internal control over financial reporting</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Our management
is responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting
is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial
statements in accordance with EU IFRS. Management conducted an evaluation of the effectiveness of our internal control over financial
reporting based on the criteria for effective control over financial reporting described in Internal Control - Integrated Framework (2013)
issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on this evaluation, management has concluded that,
as of June&nbsp;30, 2022, the Company&rsquo;s internal control over financial reporting was effective. Management has reviewed its assessment
with the Audit Committee.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">The effectiveness
of any system of internal control over financial reporting is subject to inherent limitations, including the exercise of judgment in
designing, implementing, operating, and evaluating the controls and procedures, and the inability to eliminate misconduct completely.
Accordingly, any system of internal control over financial reporting can only provide reasonable, not absolute, assurances. In addition,
projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because
of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. We intend to continue to
monitor and upgrade our internal controls as necessary or appropriate for our business, but cannot assure that such improvements will
be sufficient to provide us with effective internal control over financial reporting.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><b>4.2.
Risk Factors</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Investing
in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks and uncertainties
described below, which we believe are material risks of our business. Our business, financial condition, results of operations or growth
prospects could be harmed by any of these risks. In such an event, the value of our securities could decline, and you may lose all or
part of your investment. In assessing these risks, you should also refer to all of the other information contained in this report, including
our consolidated financial statements and related notes. Please also see &ldquo;Cautionary Statement Regarding Forward-Looking Statements.&rdquo;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><b>4.2.1.
Summary of key risk factors</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Our ability
to execute our strategy is also subject to certain risks. You should carefully consider all of the information set forth in this Annual
Report and, in particular, should evaluate the specific factors set forth under the heading &ldquo;Risk Factors&rdquo; in deciding whether
to invest in our securities. These risks include, but are not limited to, the following:</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">the
                                            highly competitive nature of our industry and our ability to compete effectively;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">consumers
                                            of luxury products may not choose to shop online in sufficient numbers;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">the
                                            luxury fashion industry can be volatile and difficult to predict;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">our
                                            ability to maintain strong relationships with our brand partners;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">any
                                            current or future health epidemic or other adverse public health development, such as the
                                            outbreak of novel coronavirus (&ldquo;COVID-19&rdquo;), could result in business disruption,
                                            sustained economic downturn, inflation, margin pressures and have an material adverse effect
                                            on our business and operating results;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">our
                                            reliance on consumer discretionary spending, which may be adversely affected by economic
                                            downturns, including economic conditions resulting from Russia&rsquo;s war in Ukraine, inflation
                                            and other geopolitical and macroeconomic conditions or trends;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">our
                                            ability to acquire new customers and retain existing customers in a cost-effective manner
                                            depends on the success of our advertising efforts;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">our
                                            ability to maintain average order value levels;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">our
                                            ability to accurately forecast net sales and appropriately plan our expenses in the future;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">our
                                            recent growth rates may not be sustainable or indicative of our future growth;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">our
                                            ability to manage currency exchange rate fluctuations;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">our
                                            ability to effectively manage our inventory;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">loss
                                            of, or disruption in, our only distribution facility;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">the
                                            imposition or increase of tariffs and the uncertainty regarding international economic relations
                                            could adversely affect our business;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">changes
                                            in customs and international trade laws may result in increased costs which could limit our
                                            ability to operate our business and limit our ability to grow;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">if
                                            sensitive information about our customers is disclosed, or if we or our third-party providers
                                            are subject to real or perceived cyberattacks, our customers may curtail use of our sites;
                                            and</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">the
                                            loss of senior management or attrition among our buyers or key employees could adversely
                                            affect our business.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><b>4.2.2.
Risks Related to Our Business and Industry</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><b><i>The
online luxury sector is highly competitive and if we do not compete effectively, our results of operations could be adversely affected.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">The online
luxury sector is highly competitive and fragmented. We compete for customers primarily with other global multi-brand online luxury retailers
and online marketplaces, luxury mono-brand retailers and luxury multi-brand retailers, and to a lesser extent specialty retailers, department
stores, apparel chains, stand-alone boutiques, traffic aggregators, luxury pre-owned and consignment stores, off-price retailers and
flash sale websites. We believe our ability to compete depends on many factors within and beyond our control, including:</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">attracting
                                            new customers and retaining existing customers;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">enhancing
                                            our relationships with existing customers;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">attracting
                                            customers from our brand partners&rsquo; increasing online offerings and capabilities;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">converting
                                            online viewing to online purchases;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">further
                                            developing our data analytics capabilities;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">maintaining
                                            favorable brand recognition and effectively marketing our services to customers;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">the
                                            amount, diversity and quality of brands and merchandise that we or our competitors offer;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">the
                                            price at which we are able to offer our merchandise;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">maintaining
                                            and growing our market share;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">price
                                            fluctuations or demand disruptions of our brand partners or other third-party vendors;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">inventory
                                            management;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">the
                                            speed and cost at which we can deliver merchandise to our customers and the ease with which
                                            they can use our services to return merchandise; and</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">anticipating
                                            and quickly responding to changing fashion trends and customer shopping preferences.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><b><i>Competition
may increase as other established and emerging companies, including Amazon.com Inc., enter the markets in which we compete, as customer
requirements evolve and as new products and technologies are introduced.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Many of
our current competitors have, and potential competitors may have, longer operating histories, larger fulfillment infrastructures, greater
technical capabilities, faster shipping times, lower-cost shipping, larger databases, greater financial, marketing, institutional and
other resources and larger customer bases than we do. These factors may allow our competitors to derive greater net sales and profits
from their existing customer bases, acquire customers at lower costs or respond more quickly than we can to new or emerging technologies
and changes in fashion trends and customer shopping behavior. These competitors may engage in extensive research and development efforts,
enter or expand their presence in the online luxury market, undertake more far-reaching marketing campaigns, build stronger relationships
with our brand partners, more effectively address our customers&rsquo; needs or adopt more aggressive pricing policies. In addition,
as a result of the COVID-19 pandemic, retailers and brands that have not typically participated in e-commerce may establish an online
presence on their own or with our existing competitors, which may create new or strengthen existing competitors. In September&nbsp;2020,
Amazon.com,&nbsp;Inc. launched &ldquo;Amazon Luxury Stores,&rdquo; an invitation-only marketplace that offers high-end ready-to-wear
clothing from luxury brand partners to eligible customers. Any of the foregoing may allow our competitors to acquire a larger and more
lucrative customer base or generate net sales from their existing customer bases more effectively than we do and, as a result, may have
an adverse impact on our results of operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Competition,
along with other factors such as consolidation within the luxury retail industry and changes in customer spending patterns, could also
result in significant pricing pressure. Such factors may result in the loss of brand partners or customers. If we lose customers, our
brand partners could reduce or terminate their relationships with us and our results of operations and profitability could decline.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><b><i>If
we are unable to anticipate and respond to changing customer preferences and shifts in fashion and industry trends in a timely manner,
our business, financial condition and results of operations could be harmed.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">The online
personal goods luxury sector is driven in part by fashion and beauty trends, which may shift quickly. Our continued success depends on
our ability to anticipate, gauge and react in a timely and cost-effective manner to the latest fashion trends, changes in customer preferences
for products, customer attitudes toward our industry and brands and where and how customers shop for those products. We must continually
work to develop, produce and market new and highly curated content to our sites, provide customers with products from coveted luxury
brands, offer unique products, maintain and enhance the recognition of our brand and develop our approach as to how and where we market
and sell products. We typically enter into agreements to purchase our merchandise in advance of the applicable selling season and our
failure to anticipate, identify or react appropriately, or in a timely manner to changes in customer preferences, tastes and trends or
economic conditions could lead to, among other things, missed opportunities, excess inventory or inventory shortages or delays, markdowns
and write-offs, any of which could negatively impact our profitability and have a material adverse effect on our business, financial
condition and results of operations. Failure to respond to changing customer preferences and to gauge and anticipate upcoming fashion
trends could also negatively impact our brand image with our customers and result in diminished customer loyalty.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">There is
no assurance that customers will continue to purchase goods from us in the future. Customers may purchase fewer or lower-priced products
if their discretionary income decreases. During periods of economic uncertainty, we may need to reduce prices in response to competitive
pressures or otherwise to maintain sales, which could adversely affect relationships with our brand partners and consequently our business,
financial condition, results of operations and prospects.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><b><i>Any
current or future health epidemic or other adverse public health development, such as the COVID-19 pandemic, could result in business
disruption, supply chain disruption, sustained economic downturn, inflation, margin pressures and have a material adverse effect on our
business and operating results.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Our business
could be adversely affected by infectious disease outbreaks, such as the COVID-19 pandemic, which has spread rapidly across the globe,
including in all major countries in which we operate, resulting in adverse economic conditions and business disruptions. Governments
worldwide have imposed, and in some cases continue to impose, varying degrees of preventative and protective actions, such as temporary
travel bans, forced business closures, and stay-at-home orders, all in an effort to reduce the spread of the virus, which has resulted
in supply shortages and other business disruptions in many regions, in particular China, but with knock-on effect in other countries
as well, and has also adversely affected demand. It is impossible to predict the effect and ultimate impact of the COVID-19 pandemic
as the situation is rapidly evolving. Accordingly, we cannot predict for how long and to what extent this crisis will impact our business
operations or the global economy as a whole.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">A substantial
majority of our brand partners, offices and employees are located in Europe, and we ship all our products from our distribution center
in Heimstetten, outside Munich, Germany. As a result, the effects of this virus has disrupted somewhat our supply chain and distribution
and fulfillment capabilities, including the delivery of merchandise from our brand partners and shipments of our merchandise to impacted
regions or from our distribution center in Heimstetten. Furthermore, many of our brand partners temporarily closed their retail stores,
warehouses and/or distribution centers and may do so again in the future in response to the COVID-19 pandemic, which could further interrupt
our supply chain in the future. Our offices, logistics and operations centers and employees more generally have also been affected. We
have instituted many health and safety protective measures for our employees and customers, and as a consequence, our capacity for processing
orders was somewhat reduced.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Restrictions on travel, quarantines and other
measures imposed in response to the outbreak, as well as ongoing concern regarding its potential impact, have had and will likely continue
to have a negative effect on the economies, financial markets and business activities of global market, resulting in inflationary pressure
and worker shortages. Global financial markets have experienced significant losses and volatility as a result of these conditions. A
continued economic downturn and increased inflation resulting from these measures could negatively impact customer demand and spending
in the impacted regions, and cause an oversupply of inventory that could lead to markdowns or promotional sales to dispose of excess
inventory, which could force us to follow suit and have an adverse effect on our gross margins and results of operations. Should any
of these factors worsen, customer demand and our results of operations could be negatively affected in the current or future fiscal periods.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>The luxury fashion industry can be volatile
and difficult to predict.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the luxury fashion industry, customer demand
can quickly change depending on many factors, including the behavior of both online and brick and mortar competitors, promotional activities
of competitors, rapidly changing tastes and preferences, frequent introductions of new products and services, advances in technology
and the internet and macroeconomic factors, many of which are beyond our control, especially in light of the COVID-19 pandemic. With
this constantly changing environment, our future business strategies, practices and results may not meet expectations or respond quickly
enough to customer demand, and we may face operational difficulties in adjusting to any changes. Any of these developments could harm
our business, financial condition, results of operations and prospects.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Our continued success is substantially
dependent on positive perceptions of our brand which, if eroded, could adversely affect our customer, employee and brand partner relationships.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We offer products from over 200 established brands
through our sites. Our ability to identify new brands and maintain and enhance our relationships with our existing brands is critical
to maintaining and expanding our base of customers. A significant portion of our customers&rsquo; experience depends on third parties
outside of our control, including brand partners, third-party vendors, logistics providers such as DHL, FedEx and UPS and social media
providers, distributors and influencers. If these third parties do not meet our or our customers&rsquo; expectations or if they increase
their prices or materially reduce or terminate their relationship with us, our brand may suffer irreparable damage and/or our costs may
increase.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Customer
complaints or negative publicity about our sites, products, product delivery times, customer support, customer data handling or security
practices, especially on blogs and social media platforms, could rapidly and severely diminish use of our sites and current and potential
customers&rsquo; and brand partners&rsquo; confidence in us, which could result in harm to our brand and our business. We believe that
some of the growth in our customer base to date has originated from social media, influencer marketing and affiliate marketing. If we
are not able to develop and maintain positive relationships with our influencer and affiliate marketing partners, or if we or such partners
are targets of negative publicity, including in connection with reactions to social or political events, such as the </font>war in Ukraine,
the Black Lives Matter movement or protests against the use of fur, on social media, our ability to promote and maintain awareness of
our sites and brands and leverage social media platforms to drive customers to our sites may be adversely affected, which could have
an adverse effect on our business, financial condition, results of operations and prospects.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>We depend on the success of our advertising
efforts. If we fail to acquire new customers through our marketing effort in a cost-effective manner or at all we may not be able to
increase net sales or maintain profitability.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our success depends on the success of our marketing
efforts in acquiring customers in a cost-effective manner. Our advertising efforts primarily comprise brand and performance-based advertising,
public relations and events. In order to expand our customer base, we must appeal to and acquire customers who have historically used
other means of shopping for luxury goods and may prefer alternatives to our offerings, such as traditional brick-and-mortar retailers
and the websites of our competitors. We make significant investments related to customer acquisition and expect to continue to spend
significant amounts to acquire additional customers. For example, our performance-based advertising includes paid search/product listing
ads, affiliate networks, display prospecting and retargeting and other digital channels.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition to our performance-based advertising,
we may use third-party social media platforms as, among other things, marketing tools. For example, we currently maintain Instagram,
Facebook, Twitter, Pinterest, YouTube, Weibo, WeChat, and Naver accounts. As existing e-commerce and social media platforms continue
to rapidly evolve and new platforms develop, we must continue to maintain a presence on these platforms and establish a presence on new
or emerging popular social media platforms. If we are unable to cost-effectively use some of our social media platforms as marketing
tools or if the social media platforms we use do not evolve quickly enough for us to optimize our use of such platforms, our ability
to attract new customers and our financial condition may suffer. Furthermore, as laws and regulations rapidly evolve to govern the use
of these platforms, the failure by us or our employees to abide by applicable laws and regulations in the use of these platforms or otherwise
could subject us to regulatory investigations, class action lawsuits, liability, fines or other penalties and have a material adverse
effect on our business, financial condition and results of operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are also subject to certain risks due to our
reliance on digital channels in our advertising efforts. Digital channels change their algorithms and policies periodically, and our
rankings in organic searches and visibility in social media feeds could be adversely affected by those changes. This has occurred in
the past and required us to increase our spending on paid marketing to offset the loss in traffic. Further, digital platforms such as
Apple and Google have announced changes to their privacy policies that, as implemented, could adversely affect our ability to provide
more relevant online advertisements to the most relevant potential customers. Search engine companies may also determine that we are
not in compliance with their guidelines and penalize us in their algorithms. Even with an increase in marketing spend to offset any loss
in search engine optimization traffic as a result of algorithm changes, the recovery period in organic traffic may span multiple quarters
or&nbsp;years. If digital platforms change their policies or penalize us with their algorithms, terms of service, display and featuring
of search results, or if competition increases for advertisements, we may be unable to cost-effectively attract customers. Our relationships
with digital platforms are not covered by long-term contractual agreements and do not require any specific performance commitments. In
addition, many of the platforms and agencies with whom we have advertising arrangements provide advertising services to other companies,
including retailers with whom we compete. As competition for online advertising has increased, the cost for some of these services has
also increased.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, we partner with influential figures
and social media and celebrity influencers within the fashion and entertainment industry in order to promote our sites. Such campaigns
are expensive and may not result in the cost-effective acquisition of new customers. Further, the competition for relationships with
influencers is increasing, and the cost of maintaining such relationships will likely increase. In addition, we do not prescribe what
our influencers post, and if we were held responsible for the content of their posts or their actions, we could be forced to alter our
practices, which could have an adverse impact on our business. Influencers, designers and celebrities with whom we maintain relationships
could engage in behavior or use their platforms to communicate directly with our customers in a manner that reflects poorly on our brand
and may be attributed to us or otherwise adversely affect us. The harm may be immediate, without affording us an opportunity for redress
or correction.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The net profit from new customers we acquire
may not ultimately exceed the cost of acquiring those customers. If we fail to deliver an exclusive shopping experience, or if customers
do not perceive the products we offer as unique luxury pieces reflecting the latest fashion trends, we may not be able to acquire new
customers. If we are unable to acquire new customers who purchase an amount of merchandise sufficient to grow our business, we may not
be able to generate the necessary growth to drive beneficial network effects with our brand partners, our net sales may decrease, and
our business, financial condition and results of operations may be adversely affected. Additionally, if our marketing efforts are not
successful in promoting awareness of our brand, driving customer engagement or attracting new customers, or if we are not able to cost-effectively
manage our marketing expenses, our results of operations could be adversely affected.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Our failure to retain existing customers
or to maintain average order value or customer spending levels may impair our net sales growth, which could have a material adverse effect
on our business and results of operations.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A significant portion of our net sales are generated
from sales to existing customers, particularly those existing customers who are highly engaged and make frequent and/or large purchases
of the merchandise we offer. In fiscal 2022, the top 3.1% of our customers accounted for approximately 35% of our gross sales. If existing
customers no longer find our offerings appealing or shift their shopping and purchasing preferences back to brick-and-mortar stores as
COVID-19 pandemic measures ease, or if we are unable to timely update our offerings to meet current trends and customer demands, our
existing customers may make fewer or smaller purchases in the future. A decrease in the number of our existing customers who make repeat
purchases or a decrease in their spending on the merchandise we offer could negatively impact our results of operations. Further, we
believe that our future success will depend in part on our ability to increase sales to our existing customers over time, and if we are
unable to do so, our business may suffer. If we fail to generate repeat purchases or maintain high levels of customer engagement and
average spend, our financial condition, results of operations and growth prospects could be adversely affected.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, for our most valued customers, we
invest in hosting exclusive events, personal shoppers and in-person styling sessions in various international locations, which has continued
to be challenging during the COVID-19 pandemic. If our investments in such personal events do not generate sufficient net sales growth
from our top customers, if we are unable to retain our most valued customers or if they do not purchase an amount of merchandise sufficient
to grow our business, we may not be able to generate the necessary growth to drive beneficial network effects with our brand partners,
our net sales may decrease and our business, financial condition and results of operations may be adversely affected.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Our failure to maintain strong relationships
with our brand partners could limit our ability to provide differentiated luxury merchandise and harm our business and prospects.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our relationships with established brand partners
are a key factor in our success. Many of our brand partners limit the number of retail and wholesale channels that they use to sell their
merchandise, and we have no guaranteed supply arrangements with our brand partners. Nearly all of our luxury brands are sold by competing
retailers and have their own proprietary retail stores and/or websites that compete with us. Accordingly, there can be no assurance that
any of our brand partners will continue to sell to us or to meet our quality, style and volume requirements. Some of our brand partners
also impose geographical restrictions where we are allowed to sell their products. Other brand partners may, in the future, also restrict
our ability to sell their products in certain regions. Our failure to offer our brand partners the ability to present their products
in a manner that preserves brand integrity could have an adverse impact on our relationships with such brand partners.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our distribution model has evolved and will likely
also evolve over time and includes, among other distribution models, arrangements where a brand partner retains inventory ownership and
in some cases directly ships to the customer while we are paid a commission by the brand partner. Any such distribution model could result
in changes to our future revenue composition, inventory levels and margins, with a possible negative effect on our future net sales growth
rate and gross margin, which could result in an adverse market reaction. In addition, our brand and reputation could be adversely affected
if we are not able to continue controlling the full customer experience associated with shopping on our site. In addition, under the
curated platform model, we may be required by the brand partner to share customer data, subject to the customer&rsquo;s active consent
in compliance with GDPR and other privacy laws, which could result in a dilution of the customer relationship over time.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Brand partner relationships could also be adversely
impacted if we are not able to sell our brand partners&rsquo; products at full price and instead offer such products at discounted prices.
Where we do consider it commercially sensible to discount our brand partners&rsquo; products to manage inventory or for other reasons
(which we carefully evaluate in each case), this action could undermine the pricing and customer acquisition strategies of our brand
partners and in turn indirectly reduce their net sales.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our partnership with the Vestiaire Collective,
which offers a resale service dedicated to our high-end luxury customers, could also adversely affect our brand partner relationships.
Engaging in partnerships with resale service providers could be perceived by our brand partners as competitive with their own luxury
goods, which could result in reduced sales for the brand partners&rsquo; goods. Accordingly, brand partners may be less willing to provide
us with differentiated luxury merchandise for upcoming seasons, which could have an adverse effect on our relationships with high-end
customers.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During periods of adverse change in general economic,
industry or competitive conditions, some of our brand partners may experience cash flow issues, reductions in available credit from banks,
factors or other financial institutions, or increases in the cost of capital. In response to those conditions or to concerns about the
financial condition of us or our affiliates, such brand partners may attempt to increase their prices, alter historical credit and payment
terms available to us or take other actions. Certain of our brand partners use third party trade credits on the basis of orders placed
by us to subsidize a portion of their production costs. In certain cases, this has prompted brand partners to alter historical credit
and payment terms available to us. They may also experience problems in their supply chains which could delay deliveries of their products
to us. If this were to recur in the future, it could disrupt our merchandise sourcing and order fulfilment and adversely affect our liquidity.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Any of these actions could have an adverse impact
on our relationships with our brand partners, constrain the amounts or timing of our purchases from such brand partners or cause us to
lose customers and hinder our ability to acquire new customers, each of which could ultimately have an adverse effect on our business
and prospects.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Our failure to maintain a relevant, enjoyable
and reliable experience for our customers and to meet our customers&rsquo; evolving shopping preferences could adversely affect our customer
relationships.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We seek to provide a relevant, enjoyable and
reliable experience for our customers and to meet our customers&rsquo; evolving shopping preferences. To do so, we must continuously
offer differentiated merchandise and brands, anticipate evolving fashion trends and offer access to exclusive merchandise. We must also
provide our customers with superior service throughout their shopping experience and keep up-to-date with current technology trends,
including the proliferation of mobile usage, evolving creative user interfaces and other e-commerce marketing trends related to customer
acquisition and engagement, among others, which may increase our costs and may not yield higher sales or more customers. We must also
keep up with evolving shopping preferences, including convenient and low-cost or free shipping options. Although we continually analyze
trends in the way our customers shop, in an effort to maximize incremental sales, we may not gather accurate and relevant data or effectively
utilize that data to accurately predict our customers&rsquo; shopping preferences, which may impact our strategic planning and decision
making. If for any reason we are not successful at developing and providing a convenient, consistent and enjoyable shopping experience
for our customers or providing our customers the products they want, when and where they want them, our business, financial condition,
results of operation and prospects could be adversely affected.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>We rely on customer discretionary spending,
which may be adversely affected by economic downturns, inflation and other macroeconomic conditions or trends.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We sell luxury fashion merchandise. Although
the market for luxury goods is less sensitive to economic downturns than markets for ordinary goods, purchases of merchandise by our
customers are nonetheless discretionary, and therefore dependent upon the level of customer spending, particularly among affluent customers.
As a result, our business and results of operations are subject to global economic conditions and their impact on customer discretionary
spending. Some factors that may negatively influence customer spending include high levels of unemployment, increased inflation, higher
customer debt levels, reductions in net worth, decreased demand resulting from significantly reduced opportunity to wear luxury fashion
merchandise in public or social situations due to stay-at-home orders or preferences as a result of the COVID-19 pandemic, declines in
asset values and related market uncertainty, home foreclosures and reductions in home values, fluctuating interest rates and credit availability,
fluctuating fuel and other energy costs, fluctuating commodity prices and national and global geo-political and economic uncertainty,
including in connection with tariffs or trade laws. Economic conditions in certain regions may also be affected by natural disasters,
such as earthquakes, hurricanes, tropical storms and wildfires, public health crises, political crises, such as the war in Ukraine, terrorist
attacks, war and other political instability or other unexpected events, and such events could also disrupt our operations, internet
or mobile networks or the operations of one or more of our third-party service providers. For example, if any such disaster were to impact
our flagship store or distribution center in Heimstetten or our planned distribution center under construction in Leipzig, Germany, our
results of operations could be adversely affected. Customer purchases of discretionary items, including the merchandise that we offer,
may decline during periods of economic uncertainty, when disposable income is reduced or when there is a reduction in customer confidence.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Adverse economic changes could reduce customer
confidence, and thereby could negatively affect our results of operations. A reduction in customer spending or disposable income may
affect us more significantly than companies in other industries and companies with a more diversified product offering. In addition,
negative national or global economic conditions may adversely affect our brand partners&rsquo; financial performance, liquidity and access
to capital, which may affect their production levels and/or product quality and could cause them to raise prices, lower production levels
or cease their operations. In challenging and uncertain economic environments, we cannot predict when macroeconomic uncertainty may arise,
whether or when such circumstances may improve or worsen or what impact such circumstances could have on our business.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Any adverse impact on our relationship
with the limited number of brand partners from whom we generate a significant portion of our net sales could have a material adverse
effect on our business and results of operations.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If one or more of these brand partners were to
(i)&nbsp;limit the supply of merchandise made available to us, (ii)&nbsp;increase the supply of merchandise made available to our competitors,
(iii)&nbsp;increase the supply of merchandise made available to their own proprietary retail stores and websites or significantly increase
the number of their proprietary retail stores, or (iv)&nbsp;cease the distribution of their merchandise to us, our business, net sales,
earnings and profitability could be adversely affected. Any decline in the quality or popularity of our top designer brands could also
adversely affect our business.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The failure of one or more of these brand partners
to supply their products to us on a timely basis, or at all, or at the prices we expect, may have a material adverse effect on our business,
financial condition and results of operations. Further, our brand partners may:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">have economic or business interests
                                            or goals that are inconsistent with ours;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">take actions contrary to our requests,
                                            policies or objectives;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">be unable or unwilling to fulfill
                                            their obligations under relevant purchase orders, including obligations to meet certain production
                                            deadlines, quality standards, pricing guidelines and product specifications, and to comply
                                            with applicable regulations, including those regarding the safety and quality of products;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">have financial difficulties;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">encounter raw material or labor shortages;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">encounter increases in raw material
                                            or labor costs which may affect their procurement costs, potentially resulting in an increase
                                            in their prices;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">engage in activities or employ practices
                                            that may harm our reputation; or</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">work with, be acquired by, or come
                                            under the control of, our competitors.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Any of these factors could have an adverse impact
on our relationships with such brand partners and the volume or timing of our purchases from such brand partners and could adversely
affect our business, financial condition, results of operations and prospects.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>If our brand partners or service providers
do not continue to produce products or provide services that are consistent with our standards or applicable regulatory requirements,
this could adversely affect the quality of our collections, cause customer dissatisfaction and harm our reputation.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We do not own or operate any manufacturing facilities
or design the merchandise we sell. The ability of our brand partners to design, manufacture and supply us with their products may be
affected by competing orders placed by other retailers and the demands of those retailers. If we experience significant increases in
demand, or need to replace a significant amount of merchandise, there can be no assurance that additional supply will be available when
required on terms that are acceptable to us, or at all, or that any brand supplier will allocate sufficient capacity to us in order to
meet our requirements.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, quality control problems, such as
the use of materials and delivery of products that do not meet our quality control standards and specifications or comply with applicable
laws or regulations, could harm our business. All products presented on our website have followed a rigorous selection process and quality
is an integral part of this selection process. Upon reception of all goods within our warehouse, the quality of the product is controlled
and quality control problems could result in regulatory action, such as restrictions on importation, products of inferior quality or
product stock outages or shortages, which could harm our sales and create inventory write-downs for unusable products. We have also outsourced
portions of our distribution process, as well as certain technology-related functions, to third-party service providers. Specifically,
we rely on third parties in a number of foreign countries and territories, and we rely on third parties for credit card processing, hosting
and networking for our sites. The failure of one or more of these entities to provide the expected services on a timely basis, or at
all, or at the prices we expect, or the costs and disruption incurred in moving these outsourced functions under our management and direct
control or that of another third party, may have a material adverse effect on our business, financial condition and results of operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Our failure to successfully introduce new
product categories could harm our business, financial condition, results of operations and prospects.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As part of our ongoing business strategy we expect
to introduce new products in our traditional product categories of clothing, shoes, bags and accessories, while also expanding our product
launches into adjacent categories in which we may have little to no operating experience. We launched Mytheresa Kids in 2019, Mytheresa
Men in January&nbsp;2020 and Mytheresa Life in May&nbsp;2022 to expand our curated offering to these large and underserved categories.
If we are unable to effectively market these categories to new and existing customers, the launch of these product lines may not be as
successful as we anticipate. Our inability to successfully introduce new products in our traditional categories or in adjacent categories
could limit our future growth and have a material adverse effect on our business, financial condition, results of operations and prospects.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Any disruptions at our flagship stores
could negatively affect our business, results of operations, financial condition and prospects.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We generate a portion of our net sales (approximately
2% in fiscal 2022) from our Munich flagship store and, our men&rsquo;s store, which is also located in Munich. As a result, we are more
vulnerable to economic and other conditions affecting the metropolitan region surrounding Munich than our more geographically diversified
competitors. Factors that may affect our results of operations include, among other things, the COVID-19 pandemic and resulting lock-downs
or shelter-at-home orders, changes in demographics, population and employee bases, wage increases, future changes in economic conditions,
severe weather conditions and winter storms. Any events or circumstances that negatively affect the region could adversely affect our
net sales and profitability. Such conditions may result in reduced customer traffic and spending in our store, physical damage to our
store, loss of inventory or closure of our store. Any of these factors may disrupt our business and adversely affect our business, financial
condition and results of operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>We may be unable to accurately forecast
net sales and appropriately plan our expenses in the future.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We base our current and future expense levels
on our operating forecasts and estimates of future net sales, gross margins and bottom-up estimates of functional cost increases. Net
sales and results of operations are difficult to forecast because the purchasing behavior of our existing customers as well as our success
in acquiring new customers may vary and is subject to global economic and health conditions. In addition, our historical growth rates,
trends and other key performance metrics may not be meaningful predictors of future growth. Our business is affected by general economic
and business conditions in the European Union and in the other international markets in which we operate. In addition, we experience
shifts in overall sale seasons in our business, and our mix of product offerings is variable from day-to-day and quarter-to-quarter.
This variability makes it difficult to predict sales and could result in significant fluctuations in our net sales, margins and profitability.
Some of our expenses are fixed, and as a result, we may be unable to adjust our spending in a timely manner to compensate for any unexpected
shortfall in net sales. Any failure to accurately predict net sales could cause our results of operations to be lower than expected,
which could adversely affect our financial condition and the value of our securities.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Our recent growth rates may not be sustainable
or indicative of our future growth.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our historical net sales and profitability may
not be indicative of our future performance. We may not be successful in executing our growth strategy, and even if we achieve our strategic
plan, we may not be able to sustain profitability. In future periods, our net sales and profitability could decline or grow more slowly
than we expect.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We believe that our continued growth will depend
upon, among other factors, our ability to:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">identify new and emerging brands
                                            and maintain relationships with our established brand partners;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">acquire new customers and retain
                                            existing customers;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">develop new features to enhance the
                                            customer experience on our sites;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">increase the frequency with which
                                            new and existing customers purchase products on our sites through merchandising, data analytics
                                            and technology;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">invest in our online infrastructure
                                            to enhance and scale the systems our customers use to interact with our site;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">access new complementary customer
                                            categories; and</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">expand internationally.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We cannot assure you we will be able to achieve
any of the foregoing. Our customer base may not continue to grow or may decline as a result of increased competition and the maturation
of our business. Failure to sustain our growth could have an adverse effect on our business, financial condition and results of operations
and on the value of our securities.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Additionally, we expect our costs to continue
to increase in future periods due to, among other items, inflation, regulatory requirements, competitive pressures, commodity price increases
and increased labor costs, which could negatively affect our future results of operations and ability to sustain profitability. We expect
to continue to expend substantial financial and other resources on acquiring and retaining customers, our technology infrastructure and
the development of new features, sales and marketing, international expansion, including expansion into the United States, and expenses
related to being a public company. These investments may not result in increased net sales or growth in our business. If we cannot successfully
earn net sales at a rate that exceeds the costs associated with our business, we will not be able to sustain profitability or generate
positive cash flow on a sustained basis and our net sales growth rate may decline. If we fail to continue to increase our net sales and
grow our overall business, our business, financial condition, results of operations and prospects could be adversely affected.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are also required to manage numerous relationships
with various brand partners and other third parties. Further growth of our operations, fulfillment infrastructure, information technology
systems or internal controls and procedures may not be adequate to support our operations. If we are unable to manage the growth of our
organization effectively, our business, financial condition and results of operations may be adversely affected.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Our quarterly results of operations may
fluctuate, which could cause the value of our securities price to decline.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our quarterly results of operations may fluctuate
for a variety of reasons, many of which are beyond our control. These reasons include those described in these risk factors as well as
the following:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">fluctuations in net sales generated
                                            from the brands on our sites, including as a result of shifts in overall sale seasons, changes
                                            in regional mix and changes in brand delivery patterns and timing;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">fluctuations in sales margin due
                                            to shifts in seasonal sales calendars or competitive behaviors;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">fluctuations in product mix;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">our ability to effectively manage
                                            our sites and new and existing brands;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">fluctuations in the levels of inventory;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">fluctuations in capacity as we expand
                                            our operations;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">our success in engaging existing
                                            customers and attracting new customers;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">the amount and timing of our operating
                                            expenses;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">the timing and success of new products
                                            and brands we introduce;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">the impact of competitive developments
                                            and our response to those developments;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">our ability to manage our existing
                                            business and future growth;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">disruptions or defects in our sites,
                                            such as privacy or data security breaches; and</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">economic and market conditions, particularly
                                            those affecting our industry.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Fluctuations in our quarterly results of operations
may cause those results to fall below the expectations of analysts or investors, which could cause the value of our securities to decline.
Fluctuations in our results could also cause a number of other difficulties. For example, analysts or investors might change their models
for valuing our securities, we could experience short-term liquidity issues, our ability to retain or attract key personnel may diminish
and other unanticipated issues may arise.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, we believe that our quarterly results
of operations may vary in the future and that period-to-period comparisons of our results of operations may not be meaningful. For example,
our historical growth may have overshadowed the shifts in the overall effect of sale seasons on our historical results of operations.
These shifts in the overall effect of sale seasons may become more pronounced over time, which could also cause our results of operations
to fluctuate. You should not rely on the results of one quarter as an indication of future performance.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>If we are unable to manage fluctuations
in exchange rates effectively, our results of operations may be adversely affected.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are exposed to market risk from fluctuations
in foreign currencies. Material portions of our net sales and expenses have been generated by our operations outside the European Union,
and we expect that these operations will account for a material portion of our net sales and expenses in the future. We use foreign service
vendors whose costs are affected by the fluctuation of their local currency against the Euro or who price their services in currencies
other than the Euro, including the British Pound, U.S. Dollar and Swiss Franc. We have also generated significant sales in foreign locations,
principally the United Kingdom, the United States, China, South Korea, and the Middle East. Our brand partners may also be impacted by
currency exchange rate fluctuations with respect to the purchase of fabric and other raw materials and could pass any such increased
costs on to us. We may not be able to pass increased prices on to customers, which could adversely affect our business and financial
condition.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Certain of our key operating metrics are
subject to inherent challenges in measurement, and real or perceived inaccuracies in such metrics may harm our reputation and negatively
affect our business.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We track certain key operating metrics using
internal data analytics tools, which have certain limitations. In addition, we rely on data received from third parties, including third-party
platforms, to track certain performance indicators. Data from such sources may include information relating to fraudulent accounts and
interactions with our sites (including as a result of the use of bots, or other automated or manual mechanisms to generate false impressions
that are delivered through our sites or their accounts). We have only a limited ability to verify data from our sites or third parties,
and perpetrators of fraudulent impressions may change their tactics and may become more sophisticated, which would make it more difficult
to detect such activity.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our methodologies for tracking metrics may also
change over time, which could result in changes to the metrics we report. If we under or over count performance due to the internal data
analytics tools we use or issues with the operating data received from third parties, or if our internal data analytics tools contain
algorithmic or other technical errors, the operating data we report may not be accurate or comparable with prior periods. In addition,
limitations, changes or errors with respect to how we measure operating data may affect our understanding of certain details of our business,
which could affect our longer-term strategies.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If our operating metrics are not accurate representations
of the reach or monetization of our offerings and network, if we discover material inaccuracies in our metrics or the operating data
on which such metrics are based, or if we can no longer calculate any of our key operating metrics with a sufficient degree of accuracy
and cannot find an adequate replacement for such metrics, our business, financial condition and results of operations could be adversely
affected.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>If we are unable to manage our inventory
effectively, our results of operations could be adversely affected.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our business requires us to manage a large volume
of inventory effectively. We add a total of approximately 800 new apparel, footwear, accessories and fine jewelry to our sites in a typical
week, and we depend on our forecasts of demand for and popularity of various products to make purchase decisions and to manage our inventory
of SKUs. Demand for products, however, can change significantly between the time inventory is ordered and the date of sale. Demand may
be affected by shifts in overall sale seasons, new product launches, rapid changes in product cycles and pricing, product defects, promotions,
changes in customer spending patterns, changes in customer tastes with respect to the products we offer and other factors, and our customers
may not purchase products in the quantities that we expect.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Seasonality
in our business does not follow that of traditional retailers, such as typical concentration of net sales in the holiday quarter since
our business is worldwide. Given shifts in overall sale seasons, it may be difficult to accurately forecast demand and determine appropriate
levels of product. We generally do not have the right to return unsold products to our brand partners, and in the cases where we do have
a right to return to vendor in exchange for a credit note, we remain subject to credit risk of our brand partners. If we fail to manage
our inventory effectively or negotiate favorable credit and return to vendor terms with third-party suppliers, we may be subject to a
heightened risk of inventory obsolescence, a decline in inventory values, and inventory write-downs or write-offs. In addition, if we
are required to lower sale prices in order to reduce inventory levels, our profit margins might be negatively affected, and such price
reductions may harm our relationships with our brand partners. Any of the above, including as a result of the COVID-19 pandemic or the
economic uncertainty resulting from the </font>war in Ukraine, may materially and adversely affect our business, financial condition
and results of operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Increased merchandise returns above current
levels could harm our business.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We allow our customers to return products, subject
to our return policy. If the rate of merchandise returns increases significantly or if merchandise return economics become less efficient,
our business, financial condition and results of operations could be harmed. Further, we modify our policies relating to returns from
time to time, which may result in customer dissatisfaction or an increase in the number of product returns. From time to time, our products
are damaged in transit, and any increase in the occurrence of such damages can increase return rates and harm our business.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Our ability to timely deliver merchandise
to customers is currently dependent on a single distribution facility. If we suffer a loss of, or disruption in, our only distribution
facility, our business and operations could be adversely affected.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our ability to timely deliver merchandise to
customers is dependent on a single distribution facility in Heimstetten and certain brand partners. Although we are building a new distribution
facility and warehouse in Leipzig, we could be subject to disruptions in our fulfillment capacity as we begin to operate the Leipzig
facility until we are able to optimize our procedures and processes and train the workforce. If we do not have sufficient fulfillment
capacity, experience disruptions to order fulfillment or deliveries by our brand partners are not timely, our customers may experience
delivery delays, which could harm our reputation and our relationship with our customers.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If we are unable to adequately staff our fulfillment
center to meet demand or if the cost of such staffing is higher than historical or projected costs due to mandated wage increases, regulatory
changes, international expansion or other factors, our results of operations could be harmed. In addition, operating and optimizing our
fulfillment network comes with potential risks, such as workplace safety issues and employment claims for the failure or alleged failure
to comply with labor laws or laws respecting union organizing activities. Any such issues may result in delays in shipping times or packing
quality, and our reputation and results of operations may be harmed.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We have designed and built our own fulfillment
infrastructure, which is tailored to meet the specific needs of our business. If we continue to add or change our fulfillment and warehouse
capabilities, add new businesses or categories with different fulfillment requirements or change the mix of products that we sell, our
fulfillment network will become increasingly complex, could be subject to workforce disruption risks and increase the challenges to sustain
cost-effective operations. Failure to successfully address such challenges in a cost-effective and timely manner could impair our ability
to timely deliver our customers&rsquo; purchases and could harm our reputation and ultimately, our business, financial condition and
results of operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We expect that our current and projected capacity
will support our near-term growth plans. Over the long term, we may be unable to locate suitable facilities on commercially acceptable
terms in accordance with our expansion plans and to recruit qualified managerial and operational personnel to support our expansion plans.
If we grow faster than we anticipate, we may exceed our fulfillment center capacity sooner than we anticipate, we may experience problems
fulfilling orders in a timely manner or our customers may experience delays in receiving their purchases, and we would need to increase
our capital expenditures more than anticipated. Many of the expenses and investments with respect to our fulfillment center are fixed,
and any expansion of our fulfillment center infrastructure will require additional investment of capital. We expect to incur higher capital
expenditures in the future for our fulfillment center operations in the future. We may incur such expenses or make such investments in
advance of expected sales, and such expected sales may not occur. If we are unable to secure new facilities for the expansion of our
fulfillment operations or to effectively control expansion-related expenses, our business, financial condition, results of operations
and prospects could be adversely affected.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Our results of operations could be adversely
affected by natural disasters, public health crises, political crises or other catastrophic events.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Natural disasters, unforeseen public health crises,
political crises or other catastrophic events, whether occurring in the European Union or internationally, could disrupt our operations
in any of our offices and logistics centers or the operations of one or more of our brand partners or other third parties we do business
with. In particular, these types of events could impact our merchandise supply chain, including our ability to ship merchandise to customers
from or to the impacted region, and could impact our ability or the ability of third parties to operate our sites and ship merchandise.
In addition, these types of events could negatively impact customer spending in the impacted regions. To the extent any of these events
occur, our business and results of operations could be adversely affected.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Any changes in our shipping arrangements
or any interruptions in shipping could adversely affect our results of operations.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We primarily rely on three major vendors for
our shipping, DHL, FedEx, and UPS. If we are not able to negotiate acceptable pricing and other terms with these entities, if they significantly
increase their shipping charges or they experience performance problems, including as a result of the COVID-19 pandemic, inflation or
worker shortages, or other difficulties, it could negatively impact our results of operations and our customer experience. In addition,
our ability to receive inbound inventory efficiently and ship merchandise to customers may be negatively affected by the COVID-19 pandemic
and related response measures, inclement weather, fire, flood, power loss, earthquakes, labor disputes, acts of war or terrorism, trade
embargoes and similar factors. For example, strikes at major international shipping ports may in the future impact our supply of inventory
from our brand partners, and the trade disputes between the United States, the European Union, Russia, China and certain other regions
could lead to increased tariffs on our goods and restrict the flow of the goods between the United States, the European Union, Russia
and China. We are also subject to risks of damage or loss during delivery by our shipping vendors. Any of these factors could result
in reduced sales or canceled orders, which may limit our growth and damage our reputation. If our merchandise is not delivered in a timely
fashion or is damaged or lost during the delivery process, our customers could become dissatisfied and cease shopping on our sites, which
would have a material adverse effect on our business, financial condition, results of operations and prospects</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Our business, including our costs and supply
chain, is subject to risks associated with sourcing and warehousing.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All the merchandise we offer on our sites is
sourced directly from our brand partners, and as a result we may be subject to price fluctuations or supply disruptions. Our results
of operations would be negatively impacted by increases in the prices of our merchandise, and we have no guarantees that prices will
not rise. In addition, as we expand into new categories and product types, it is possible that we may not have strong purchasing power
in these new areas, which could lead to higher prices than we have historically seen in our current categories. We may not be able to
pass increased prices on to customers, which could adversely affect our results of operations. Moreover, in the event of a significant
disruption in the supply of the fabrics or raw materials used in the manufacture of the merchandise we offer, our brand partners may
not be able to locate alternative suppliers of materials of comparable quality at an acceptable price.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, the merchandise we receive from
brand partners may not be of sufficient quality or free from damage, or such merchandise may be damaged during shipping, while stored
in our fulfillment center or when returned by customers. We may incur additional expenses and our reputation could be harmed if customers
or potential customers believe that our merchandise does not meet their expectations, is not properly labeled or is damaged.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>We are subject to payment-related risks.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We accept payments using a variety of methods,
including credit card, Mytheresa gift cards, debit card, PayPal, Alipay, and WeChat Pay, in addition to cash in our store, which subjects
us to certain regulations and the risk of fraud, and we may in the future offer new payment options to customers that would be subject
to additional regulations and risks. We pay interchange and other fees in connection with credit card payments, which may increase over
time and adversely affect our operating results. We primarily rely on Adyen as payment processor. If this third party payment processor
were to experience an interruption, delay or service unavailability or if we transition to a new third party payment processor and the
transition results in interruption, delay or service unavailability, we may not be able to process payments on a timely basis. Although
we use third parties to process payments, our processes must comply with payment card association operating rules&nbsp;and certification
requirements, including the Payment Card Industry Data Security Standard (&ldquo;PCI-DSS&rdquo;) and rules&nbsp;governing electronic
funds transfers, the EU Regulation on regulatory technical standards for strong customer authentication and common and secure open standards
of communication and the EU Directive on payment services in the internal market. If we fail to comply with applicable rules&nbsp;and
regulations of any provider of a payment method we accept, if the volume of fraud in our transactions triggers limits or terminates our
rights to use payment methods we currently accept, or if a data breach occurs relating to our payment systems, we may be subject to fines
or higher transaction fees and may lose our ability to accept online payments or other payment card transactions. If services of our
payment providers are interrupted, harmed or such payment providers are subject to fraud or cyber security attacks, this may result in
the data protection of our customers being compromised and the access, public disclosure, loss or theft of their personal information,
as well as an inability to process their payments. Further, we occasionally receive orders placed with fraudulent data. Under current
credit and debit card practices, we may be liable for fraudulent transactions. As a result, we may suffer losses as a result of orders
placed with fraudulent data even if the associated financial institution approved payment of the orders. We would also likely suffer
a reputational impact with our customers. If any of these events were to occur, our business, financial condition and results of operations
could be adversely affected.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>We may incur significant losses from fraud.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We have in the past incurred and may in the future
incur losses from various types of fraud, including stolen credit card numbers, claims that a customer did not authorize a purchase,
merchant fraud and customers who have closed bank accounts or have insufficient funds in bank accounts to satisfy payments. Although
we have measures in place to detect and reduce the occurrence of fraudulent activity on our sites and in our store, those measures may
not always be effective. In addition to the direct costs of such losses, if the fraud is related to credit card transactions and becomes
excessive, it could potentially result in us paying higher fees or losing the right to accept credit cards for payment. In addition,
under current credit card practices, we are liable for fraudulent credit card transactions because we do not obtain a cardholder&rsquo;s
signature.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our failure to adequately prevent fraudulent
transactions could damage our reputation, result in litigation or regulatory action and lead to expenses that could substantially impact
our results of operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>The United Kingdom&rsquo;s exit from the
European Union may have a negative effect on global economic conditions, financial markets and our business.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are a multinational company with worldwide
operations, including significant business operations in Europe. The U.K.&rsquo;s exit from the European Union, as well as the possibility
of initiatives by other European countries to withdraw from the European Union, has created significant uncertainty about the future
relationships between the United Kingdom, the European Union and other member states within the European Union.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">These developments, or the perception that other
European countries could withdraw from the European Union, have had and may continue to have a material adverse effect on global economic
conditions and the stability of global financial markets, and could significantly reduce global market liquidity and restrict the ability
of key market participants to operate in certain financial markets. Asset valuations, currency exchange rates and credit ratings may
be especially subject to increased market volatility. Lack of clarity about future U.K. laws and regulations, including financial laws
and regulations, tax and free trade agreements, immigration laws and employment laws, could increase costs, depress economic activity,
impair our ability to attract and retain qualified personnel. Any of these factors may have a material adverse effect on our business,
results of operations, financial condition and prospects.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Parties with whom we do business may be
subject to insolvency risks or may otherwise become unable or unwilling to perform their obligations with us.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition to our brand partners, we are party
to contracts, transactions and business relationships with third parties, including with respect to shipping, payment processing and
data hosting, pursuant to which such third parties have performance, payment and other obligations. If any of these third parties were
to become subject to bankruptcy, receivership or similar proceedings, our rights and benefits in relation to our contracts, transactions
and business relationships with such third parties could be terminated, modified in a manner adverse to us, or otherwise impaired.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We may be unable to arrange for alternate or
replacement contracts, transactions or business relationships on terms as favorable as our existing contracts, transactions or business
relationships, if at all. Any inability on our part to do so could have a material adverse effect on our business and results of operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>We may expand our business through acquisitions
of other businesses, which may divert management&rsquo;s attention, result in shareholder dilution, increase our leverage ratios and/or
prove to be unsuccessful.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We may acquire additional businesses or technologies
from time to time. Acquisitions may divert management&rsquo;s time and focus from operating our business. Acquisitions also may require
us to spend a substantial portion of our available cash, issue additional shares, incur debt or other liabilities, amortize expenses
related to intangible assets or incur write-offs of goodwill or other assets. In addition, integrating an acquired business or technology
is risky. Completed and future acquisitions may result in unforeseen operational difficulties and expenditures associated with:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">incorporating new businesses and
                                            technologies into our infrastructure;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">consolidating operational and administrative
                                            functions;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">coordinating outreach to our community;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">maintaining morale and culture and
                                            retaining and integrating key employees;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">maintaining or developing controls,
                                            procedures and policies (including effective internal control over financial reporting and
                                            disclosure controls and procedures); and</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">identifying assumed liabilities related
                                            to the activities of the acquired business before the acquisition, including liabilities
                                            for violations of laws and regulations, intellectual property issues, commercial disputes,
                                            taxes and other matters.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Moreover, we may not benefit from our acquisitions
in the manner or time frame we expect, such as achieving synergies to reduce costs, expansion into new markets or product categories,&nbsp;etc.
The issuance of issue additional shares in connection with an acquisition would also likely cause dilution to our shareholders. Finally,
acquisitions could be viewed negatively by analysts, investors or our customers.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Due to our global business we are exposed
to different local cultures, standards and policies.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Given that we operate globally, with customers
in over 130 countries, we are exposed to many different local cultures, standards and policies. The business model we employ and the
merchandise we currently offer may not have the same appeal to our various international customers, and purchasing behaviors may vary
region to region. Due to the international nature of our business, our success in the international markets may depend on a variety of
factors, including:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">localization of our merchandise offerings,
                                            including translation into foreign languages and adaptation for local practices;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">navigating shipping and returns in
                                            a more fragmented geography;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">different customer demand dynamics,
                                            which may make our model and the merchandise we offer less successful elsewhere compared
                                            to the European Union;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">competition from local incumbents
                                            that understand the local market and may operate more effectively;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">regulatory requirements, taxes, trade
                                            laws, trade sanctions and economic embargoes, tariffs, export quotas, custom duties or other
                                            trade restrictions or any unexpected changes thereto;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">laws and regulations regarding anti-bribery,
                                            anti-corruption, anti-trust and fair competition compliance or any changes to such laws or
                                            regulations;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">changes in a specific country&rsquo;s
                                            or region&rsquo;s political or economic conditions; and</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">risks resulting from changes in currency
                                            exchange rates.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If we invest substantial time and resources to
establish and expand our operations in various international markets and are unable to do so successfully and in a timely manner, our
results of operations would suffer. In addition, if we are not able to attract new customers and retain existing customers in such markets,
we might not be able to grow our business, which may have an adverse effect on our business, financial condition, results of operations
and prospects.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>We conduct business in China, and we and
our brand partners may be subject to negative publicity in China and other risks, which could damage our reputation and have an adverse
effect on our business and results of operations.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We sell goods and ship products into China. Conducting
business in China exposes us to political, legal and economic risks. In particular, the political, legal and economic climate in China,
both nationally and regionally, is fluid and unpredictable. Our brand could be subject to adverse publicity if incidents related to our
image or the products we sell occur or are perceived to have occurred, whether or not we are at fault. In particular, given the popularity
of social media, including WeChat and Weibo in China, any negative publicity, regardless of its truthfulness, could quickly proliferate
and harm consumer perceptions of and confidence in our company. Furthermore, our ability to successfully position our brand could be
adversely affected by perceptions of the quality of our brand partners&rsquo; products and services. We may also be affected by adverse
publicity related to our brand partners or our marketing partners, whether or not such publicity is related to their collaboration with
us. In recent&nbsp;years, luxury fashion brands have experienced Chinese boycotts of their products as a result of politically or racially
offensive products, ads and statements made by individuals associated with the brands. Incidents such as these may have an adverse effect
on our business, financial condition and results of operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Further, recent regulatory efforts in China to
limit or restrict luxury consumption and displays of wealth by high net worth individuals in China could have an adverse effect on our
business and results of operations in China.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, our ability to ensure a significant
step-change sales growth in China depends on our ability to secure a partner to provide better access to high-end luxury consumers in
China. If we are unable to secure a partner in China, we may experience an adverse effect on our business, financial condition and results
of operations in China, which may result in an adverse market reaction from institutional investors and analysts.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Climate change and related regulatory responses
as well as customer and investor awareness of ESG issues may adversely impact our business.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">There is increasing concern that a gradual increase
in global average temperatures due to increased concentration of carbon dioxide and other greenhouse gases in the atmosphere will cause
significant changes in weather patterns around the globe and an increase in the frequency and severity of natural disasters. Changes
in weather patterns and an increased frequency, intensity and duration of extreme weather conditions could, among other things, adversely
impact the cultivation of cotton, which is a key resource our brand partners use to make the products that we sell, disrupt our brand
partners&rsquo; supply chain operations, increase the cost of our brand partners&rsquo; products and impact the types of products that
customers purchase. As a result, the effects of climate change could have an adverse impact on our business and results of operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In many countries, governmental bodies are increasingly
enacting legislation and regulations in response to the potential impacts of climate change. These laws and regulations, which may be
mandatory, have the potential to impact our operations indirectly as a result of required compliance by our brand partners and the manufacturers
of their products. In addition, we are active in an industry that is not considered to be environmentally sustainable and we depend on
shipping logistics, which lead to a high output of carbon dioxide. As a result, our customers might refuse to acquire merchandise from
us and turn to more sustainable competitors or refrain from acquiring luxury products at all. Further, any delays in launching our inaugural
ESG report in late 2022 or in achieving our ESG goals may result in a loss of customers and investors who prioritize companies that publicly
disclose their sustainability efforts and results. If we take steps to voluntarily mitigate our impact on climate change and other ESG
issues, we may experience increases in energy and transportation costs, capital expenditures or insurance premiums and deductibles. Inconsistency
of legislation and regulations among jurisdictions may also affect the costs of compliance with such laws and regulations. Any assessment
of the potential impact of future climate change legislation, regulations or industry standards, as well as any international treaties
and accords, is uncertain given the wide scope of potential regulatory change in the countries in which we operate or conduct business.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>System interruptions that impair customer
access to our sites or other performance failures in our technology infrastructure could damage our business, reputation and brand and
substantially harm our business and results of operations.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Approximately 98% of our consolidated net sales
for fiscal 2022 were generated from sales on our sites. The satisfactory performance, reliability and availability of our sites, transaction-processing
systems and technology infrastructure are critical to our reputation and our ability to acquire and retain customers, as well as maintain
adequate customer service levels.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We outsource the vast majority of our cloud infrastructure
to Amazon Web Services (&ldquo;AWS&rdquo;), which hosts our sites and products. In addition, we use Akamai Technologies,&nbsp;Inc. as
our primary content delivery network vendor, which focuses on delivering point-cloud solutions (together with AWS, our &ldquo;Hosting
Providers&rdquo;). Our customers must have the ability to access our sites at any time, without interruption or degradation of performance.
Our Hosting Providers run their own platforms upon which our sites and products depend, and we are, therefore, vulnerable to service
interruptions at each Hosting Provider. We have experienced, and in the future we may experience interruptions, delays and outages in
service and availability from time to time due to a variety of factors, including infrastructure changes, human or software errors, website
hosting disruptions and capacity constraints, particularly in light of the COVID-19 pandemic. Capacity constraints could be due to a
number of potential causes including technical failures, natural disasters, fraud or security attacks. In addition, if our security,
or that of one of our Hosting Providers, is compromised, our sites or products are unavailable or our users are unable to access our
products within a reasonable amount of time or at all, then our business, financial condition and results of operations could be adversely
affected. We note that our ability to conduct security audits on our Hosting Providers is limited. In some instances, we may not be able
to identify and/or remedy the cause or causes of these performance problems within a period of time acceptable to our customers. It may
become increasingly difficult to maintain and improve our sites performance, especially during peak usage times. To the extent that we
do not effectively address capacity constraints, either through our Hosting Providers or alternative providers of cloud infrastructure,
our business, financial condition and results of operations may be adversely affected. In addition, any changes in service levels from
our Hosting Providers may adversely affect our ability to meet our customers&rsquo; requirements.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our increased reliance on cloud-based services
may subject us to increased risk of slowdown or interruption as a result of integration with such services or failures by such third
parties, which are out of our control. Our net sales depend on the number of visitors who shop on our sites and the volume of orders
we can handle. Unavailability of our sites or reduced order fulfillment performance would reduce the volume of goods sold and could also
adversely affect customer perception of our brand. In particular, we have in the past and may in the future experience slowdowns or interruptions
on our sites during updates. Currently, our sites are typically unavailable for a short period of time while software updates are being
installed. We may also experience other periodic system interruptions from time to time. In addition, continued growth in our transaction
volume, as well as surges in online traffic and orders associated with promotional activities or shifts in overall sale seasons in our
business, place additional demands on our third-party cloud-based services and technology infrastructure and could cause or increase
the frequency or magnitude of slowdowns or interruptions. We may not be able to accurately project the rate or timing of increases, if
any, in the use of our sites or expand, scale and upgrade our technology, systems, infrastructure and third-party cloud-based services
to accommodate such increases on a timely basis. In order to remain competitive, we must continue to enhance and improve the responsiveness,
functionality and features of our sites, which is particularly challenging given the rapid rate at which new technologies, customer preferences
and expectations, industry standards and practices are evolving in the e-commerce industry.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Any slowdown or failure of our sites and the
underlying third-party cloud-based services could harm our business, reputation and our ability to acquire, retain and serve our customers,
which could adversely affect our results of operations and our business interruption insurance may not be sufficient to compensate us
for the losses that could occur. Furthermore, compensation for, or indemnification from, damages resulting from capacity constraints
or other limitations of our contractual partners might be limited due to contractual exclusions, limitations of liability or warranty
provisions.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>If sensitive information about our customers
is disclosed, or if we or our third-party providers are subject to real or perceived cyberattacks, our customers may curtail use of our
sites, we may be unable to process or fulfill orders, we may lose or be unable to access data, we may be exposed to liability and our
reputation would suffer.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We collect, transmit, and store personal information
provided by our customers, such as names, email addresses, the details of transactions. Some of our third-party service providers, such
as identity verification and payment processing providers, also regularly have access to customer data. In an effort to protect sensitive
information, we rely on a variety of security measures, including encryption and authentication technology licensed from third parties.
However, advances in computer capabilities, increasingly sophisticated tools and methods used by hackers and cyber terrorists, new discoveries
in the field of cryptography or other developments may result in our failure or inability to adequately protect sensitive information.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Like other online services, we are also vulnerable
to computer viruses, unauthorized access, phishing or social engineering attacks, ransomware attacks, data corruption, encryption or
deletion attacks, denial-of-service attacks and other real or perceived cyberattacks. Any of these incidents could lead to interruptions
or shutdowns of our sites, loss or corruption of data, or unauthorized access to or disclosure of personal data or other sensitive information.
Cyberattacks could also result in the theft of our intellectual property. We have been subject to attempted cyber, phishing or social
engineering attacks in the past and may continue to be subject to such attacks in the future. As we gain greater visibility, we may face
a higher risk of being targeted by cyberattacks.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Advances in computer capabilities, new technological
discoveries or other developments may result in cyberattacks becoming more sophisticated and more difficult to detect. We and our third-party
service providers may not have the resources or technical sophistication to anticipate or prevent all such cyberattacks. Moreover, techniques
used to obtain unauthorized access to systems change frequently and may not be known until launched against us or our third-party service
providers. Security breaches can also occur as a result of non-technical issues, including intentional or inadvertent actions by our
employees, our third-party service providers, or their personnel.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We and our third-party service providers regularly
experience cyberattacks aimed at disrupting our and their services. If we or our third party service providers experience, or are believed
to have experienced, security breaches that result in our sites&rsquo; performance or availability problems or the loss or corruption
of, or unauthorized access to or disclosure of, personal data or confidential information, people may become unwilling to provide us
the information necessary make purchases on our sites. Existing customers may also decrease their purchases or close their accounts altogether.
We could also face potential liability and litigation, which may not be adequately covered by insurance. Any of these results could harm
our growth prospects, our business and our reputation.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The loss or corruption (or other unauthorized
access or disclosure) of personal data may constitute a personal data breach under the EU General Data Protection Regulation (&ldquo;GDPR&rdquo;).
In the event of such a personal data breach, we could be required to notify applicable government authorities and/or potential victims
and could face continued governmental investigations, fines and private claims for compensation from individuals whose personal data
was involved.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Customer growth and activity on mobile
devices depends upon effective use of mobile operating systems, networks and standards that we do not control.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Purchases using mobile devices by customers generally,
and by our customers specifically, have increased significantly, and we expect this trend to continue. In fiscal 2022, mobile orders
accounted for 50% of our net sales, of which 38% were app orders, and approximately 79% of page&nbsp;views were generated via mobile
app, tablet and mobile phone. To optimize the mobile shopping experience, we are dependent on our customers downloading our specific
mobile applications for their particular device or accessing our sites from an internet browser on their mobile device. As new mobile
devices and operating systems are released, it is difficult to predict the problems we may encounter in developing applications for these
alternative devices and operating systems, and we may need to devote significant resources to the creation, support and maintenance of
such applications. In addition, our future growth and our results of operations could suffer if we experience difficulties in the future
in integrating our mobile applications into mobile devices, if problems arise with our relationships with providers of mobile operating
systems or mobile application stores, such as those of the Apple App Store or Google Play, if our applications receive unfavorable treatment
compared to competing applications, such as the order of our products within application stores, or if we face increased costs to distribute
or have customers use our mobile applications. We are further dependent on the interoperability of our sites with popular mobile operating
systems that we do not control, such as iOS and Android, and any changes in such systems that degrade the functionality of our sites
or give preferential treatment to competitive products could adversely affect the usage of our sites on mobile devices. In the event
that it is more difficult for our customers to access and use our sites on their mobile devices, or if our customers choose not to access
or to use our sites on their mobile devices or to use mobile products that do not offer access to our sites, our customer growth could
be harmed and our business, financial condition and results of operations may be materially and adversely affected.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Further, we continually upgrade existing technologies
and business applications, and we may be required to implement new technologies or business applications in the future. The implementation
of upgrades and changes requires significant investments. Our results of operations may be affected by the timing, effectiveness and
costs associated with the successful implementation of any upgrades or changes to our systems and infrastructure.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>A failure to comply with current laws,
rules&nbsp;and regulations related to internet, ecommerce and trade sanctions or changes to such laws, rules&nbsp;and regulations and
other legal uncertainties may adversely affect our business, financial performance, results of operations or business growth.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our business and financial performance could
be adversely affected by unfavorable changes in or interpretations of existing laws, rules&nbsp;and regulations or the promulgation of
new laws, rules&nbsp;and regulations applicable to us and our businesses, including those relating to the internet and ecommerce, such
as geo-blocking and other geographically based restrictions, internet advertising and price display, economic and trade sanctions, coordination
with suppliers and financial transactions. As a result, regulatory authorities could prevent or temporarily suspend us from carrying
on some or all of our activities or otherwise penalize us if our practices were found not to comply with applicable regulatory requirements
or any binding interpretation of such requirements. Unfavorable changes or interpretations could decrease demand for our services, limit
marketing methods and capabilities, affect our margins, increase costs or subject us to additional liabilities.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For example, the European Commission recently
adopted new distribution rules&nbsp;(known as the new Vertical Block Exemption and Vertical Guidelines), which came into force on 1 June&nbsp;2022,
which explicitly address the growth of e-commerce and the evolution of the online platform economy, which may adversely affect our relationships
with brand partners. In addition, the U.S., the U.K., the European Union and other foreign regulatory authorities continue to enforce
economic and trade regulations and anti-corruption laws, across industries. U.S. trade sanctions relate to transactions with designated
foreign countries and territories, including Belarus, Cuba,&nbsp;Iran, North Korea, the Russian Federation, Syria, and the Crimea region
of Ukraine and the occupied portions of the Donetsk and Luhansk regions of Ukraine as well as specifically targeted individuals and entities
that are identified on U.S. and other blacklists, including especially numerous entities in Belarus, the Russian Federal and the People's
Republic of China, and entities owned by, or acting on behalf of, any of those sanctioned individuals or entities. In addition, the U.S.
trade regulations prohibit the importation of products manufactured in whole or in part by entities in the Xinjiang Uyghur Autonomous
Region (&quot;XUAR&quot;) of China.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Anti-corruption laws, including FCPA (U.S. Foreign
Corrupt Practices Act of 1977 ) and the U.K. Bribery Act, generally prohibit direct or indirect corrupt payments to government officials
and, under certain laws, private persons to obtain or retain business or an improper business advantage.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Although we have policies and procedures in place
designed to promote compliance with such laws and regulations, which we review and update as we expand our operations, our employees,
partners, or agents could take actions in contravention of our policies and procedures or violate applicable laws or regulations, for
example, by unknowingly shipping merchandise to customers who are themselves or are family members of specifically targeted individuals
subject to economic sanctions. As regulations continue to develop and regulatory oversight continues to focus on these areas, we cannot
guarantee that our policies and procedures will ensure compliance at all times with all applicable laws or regulations. In the event
our controls should fail or we are found to be not in compliance for other reasons, we could be subject to monetary damages, civil and
criminal monetary penalties, withdrawal of business licenses or permits, a prohibition on our ability to supply certain Chinese-made
or sourced products to customers in the U.S., litigation, and damage to our reputation and the value of our brand.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Compliance with current and future laws
and regulations and our contractual obligations relating to privacy, data protection and customer protection increases our operating
costs. Failure to comply with such laws or regulations could adversely affect our business, financial condition and results of operations.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We collect and maintain significant amounts of
personal data and other data relating to our customers and employees. We use this information to provide services and relevant products
to our consumers, to support, expand and improve our business, and to tailor our marketing and advertising efforts. We store, handle,
and process personal data on our own information systems, as well as through arrangements with third-parties and service providers. As
a result, a variety of European and international laws and regulations, and certain industry standards, govern or apply to our collection,
use, retention, sharing and security of customer data. We are subject to certain laws, regulations, contractual obligations and industry
standards (including, for example, the PCI-DSS, the GDPR and the Federal Data Protection Act) relating to privacy, data protection and
localization, information security and customer protection. These requirements increase our operating costs and may be interpreted and
applied in a manner that is inconsistent from one jurisdiction to another or may conflict with other rules&nbsp;or our practices. As
a result, our practices may not have complied or may not comply in the future with all such laws, regulations, requirements and obligations.
Existing and future laws and regulations, or the enforcement of such laws and regulations, including with regard to data localization
requirements and restrictions on data sharing and cross-border data transfers, could impede the growth of e-commerce or online marketplaces
and negatively impact our business and operations. Any failure, or perceived failure, by us to comply with our privacy policies or with
any Dutch, German, European, or international laws, regulations, industry self-regulatory principles, industry standards or codes of
conduct, regulatory guidance, orders to which we may be subject or other legal or contractual obligations relating to privacy, data protection
and localization, information security or customer protection could adversely affect our reputation, brand and business, and may result
in claims, proceedings or actions against us by governmental entities or others or other liabilities or require us to change our operations
and/or cease or modify our use of certain data sets. Any such claim, proceeding or action could hurt our reputation, brand and business,
force us to incur significant expenses in defense of such proceedings, distract our senior management, increase our costs of doing business,
result in a loss of customers and suppliers or an inability to process credit card payments and may result in the imposition of monetary
penalties.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In Europe, where we have significant business
operations, the data privacy and information security regime has been through a significant change and continues to evolve. The collection
and processing of personal data is subject to increasing regulatory scrutiny in the European Union and the United Kingdom. The GDPR and
the UK data protection regime (&ldquo;UK GDPR&rdquo;) have stringent operational requirements for companies, including retailers, regarding
information practices, such as expanded disclosures to consumers about how we collect and process their personal data, increased controls
on profiling consumers and increased rights for consumers to access, control and delete their personal data. Recent case law has also
increased requirements in relation to international transfers of personal data. In addition, there are mandatory data breach notification
requirements and significantly increased penalties for non-compliance with each regime. Since January&nbsp;1, 2021 (when the transitional
period following the United Kingdom&rsquo;s withdrawal from the European Union expired), we have been required to comply with GDPR and
the UK GDPR. Each regime has the ability to fine us up to the greater of &euro;20&nbsp;million (&pound;17.5 million) or 4% of global
turnover for non-compliance.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In recent years, U.S. and EU lawmakers and regulators
have expressed concern over the use of third-party cookies and similar technologies for online behavioral advertising, and laws and regulations
in this area are also under reform. In the European Union, regulators are increasingly focusing on compliance with requirements in the
online behavioral advertising ecosystem, and current national laws that implement the existing ePrivacy Directive will be replaced by
an EU regulation known as the ePrivacy Regulation which will significantly increase fines for non-compliance. In the European Union and
United Kingdom, informed consent is required for the placement of a cookie on a user&rsquo;s device, unless such cookie is strictly necessary
to provide explicitly requested services, and for many forms of direct electronic marketing. The GDPR and UK GDPR impose conditions on
obtaining valid consent, such as, according to some authorities and courts, a prohibition on pre-checked consents and a requirement to
ensure separate consents are sought for each type of cookie or similar technology. While the ePrivacy Regulation is still under development,
recent European court decisions and regulators&rsquo; recent guidance are driving increased attention to cookies and tracking technologies
and we are beginning to see regulatory enforcement actions. Changes to how we use cookies and related technology could lead to substantial
costs, require significant systems changes, limit the effectiveness of our marketing activities, divert the attention of our technology
personnel, adversely affect our margins, increase costs and subject us to additional liabilities. Regulation of cookies and similar technologies
may lead to broader restrictions on our marketing and personalization activities and may negatively impact our efforts to understand
users&rsquo; online shopping and other relevant online behaviors, as well as the effectiveness of our marketing and our business generally.
The advertising technology ecosystem may not be able to adapt to the legal changes around the use of tracking technologies, which may
have a negative effect on businesses, including ours, that collect and use online user information for consumer acquisition and marketing.
Any decline of cookies or other online tracking technologies as a means to identify and target potential purchasers may increase the
cost of operating our business and lead to a decline in revenues. In addition, uncertainties about the legality of cookies and other
tracking technologies may lead to regulatory scrutiny and increase potential civil liability under data protection or consumer protection
laws. In response to marketplace concerns about the use of third-party cookies and web beacons to track user behaviors, providers of
major browsers have included features that allow users to limit the collection of certain data generally or from specified websites,
and the draft ePrivacy Regulation also advocates the development of browsers that block cookies by default. These developments and other
privacy-oriented software changes by operating systems or other third-parties, such as Google&rsquo;s and Apple&rsquo;s app tracking
transparency features, have impaired our ability to collect user information, including personal data and usage information, that helps
us provide more targeted advertising to our current and prospective consumers, and could adversely affect our business, in light of our
use of cookies and similar technologies to target our marketing and personalize the customer experience.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the United States, which is also a significant
market for our goods and services, federal and state governments have adopted or are considering, laws, guidelines or rules&nbsp;for
the collection, distribution, use and storage of information collected from or about consumers or their devices. For example, California
has enacted the California Consumer Privacy Act (&ldquo;CCPA&rdquo;) which went into effect on January&nbsp;1, 2020. The law imposes
new requirements on companies doing business in California and meeting other size or scale criteria for collecting or using information
collected from or about California residents, affords California residents&nbsp;the ability&nbsp;to opt out of certain disclosures of
personal information, and grants rights to access or request deletion of personal information. . The CCPA implementing regulations are
being updated and supplemented by the office of the California Attorney General and the California Privacy Protection Agency, which was
established in 2021 based on the 2020 ballot initiative to enact the California Privacy Rights Act (&ldquo;CPRA&rdquo;). CPRA imposes
additional data protection obligations on companies doing business in California, including additional consumer rights processes and
opt-outs for certain uses of sensitive data and sharing of personal data for cross-context behavioral advertising. CPRA was signed into
law on December&nbsp;16, 2020 with most provisions not coming into effect until January&nbsp;2023. The CCPA, as amended by the CPRA,
and similar laws passed by other U.S. states, including Nevada, Virginia, Colorado, Utah and Connecticut could have an adverse effect
on our business, results of operations, and financial condition.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The effects of the CCPA and similar state laws
are potentially significant and will require us to modify our data collection or processing practices and policies, incur substantial
costs and expenses in an effort to comply and increase our potential exposure to regulatory enforcement or litigation. Similar laws have
been proposed in other states and at the federal level, reflecting a trend toward more stringent privacy legislation in the United States.
The enactment of such laws could have potentially conflicting requirements that could make compliance with such laws challenging.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The People&rsquo;s Republic of China (the &ldquo;PRC&rdquo;)
have enacted numerous laws, regulations and guidelines concerning data security (collectively &ldquo;Data Security Law&rdquo;) to regulate
data activities, safeguard data security, promote data development and usage, protect individuals and entities&rsquo; legitimate rights
and interests, and safeguard state sovereignty, state security and development interests. The Data Security Law applies to a broad range
of activities that involve &ldquo;data&rdquo; (not only personal or sensitive data). Under the Data Security Law, entities and individuals
carrying out data activities must abide by various data security obligations. For example, the Data Security Law proposes to classify
and protect data based on the importance of such data to the state&rsquo;s economic development, as well as the degree of harm it would
cause to national security, public interests, or legitimate rights and interests of individuals or organizations if such data is tampered
with, destroyed, leaked, or illegally acquired or used. The appropriate level of protective measures is required to be taken for each
respective class of data. The Data Security Law also requires important data to be stored locally in the PRC. Such important data may
only be transferred outside of the PRC subject to compliance with certain data transfer restrictions, such as passing a security assessment
organized by the relevant authorities.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Additionally, on August&nbsp;20, 2021, the PRC
enacted a Personal Information Protection Law (&ldquo;PIPL&rdquo;), which became effective on November&nbsp;1, 2021. The PIPL clarifies
the scope and application of the definitions of personal information and sensitive personal information (which includes medical and health
information), the legality of personal information processing and the basic requirements of notice and consent, among other things. The
PIPL also sets out data localization requirements for critical information infrastructure operators and personal information processors
who process personal information above a certain threshold prescribed by the relevant authorities. The PIPL includes a list of rules&nbsp;which
must be complied with prior to the transfer of personal information outside of the PRC, such as compliance with a security assessment,
certification by an agency designated by the relevant authorities, or entering into standard form model contracts approved by the relevant
authorities with the overseas recipient. Failure to comply with the PIPL can result in fines of up to renminbi (&ldquo;RMB&rdquo;) fifty
million or 5% of the prior year&rsquo;s total annual revenue.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, the government agencies of the PRC
promulgated several regulations or released a number of draft regulations for public comment which are designed to provide further implementation
guidance in accordance with the aforementioned laws. For example, on October&nbsp;29, 2021, the Cyberspace Administration of China (&ldquo;CAC&rdquo;),
the central internet regulator, issued draft Measures for the Security Assessment of Outbound Data (the &ldquo;Draft Measures&rdquo;)
soliciting public comments by November&nbsp;28, 2021. The Draft Measures remain under legislative review and may be subject to further
revisions before being officially enacted. Once the Draft Measures are finalized and implemented, data processors in the PRC will be
required to conduct a self-risk assessment to evaluate the risks of cross-border data transfer. In addition, we will be subject to the
security assessment and approval by CAC with respect to cross-border data transfer, as we are deemed a &ldquo;massive volume data processor&rdquo;
pursuant to the Draft Measures due to our processing of personal information of more than one million people in the PRC.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The evolving data security landscape and potential
for heightened government enforcement actions could lead to compliance risks and increased costs in our operations in the PRC. Failure
to comply with such requirements may adversely affect our business and operations in the PRC region.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition to the privacy, data protection and
data security laws discussed above, many other countries and jurisdictions continue to pass laws related to data protection, such as
data privacy and data breach notification laws, resulting in a diverse set of requirements across states, countries and regions. The
complexity of navigating these varying data protection laws is particularly acute for our business due to our global reach. In addition,
the legal landscape relating to the transfer of personal data continues to evolve and remains uncertain in many jurisdictions. Many data
protection regimes apply based on where the consumer is located, and as we expand and new laws are enacted or existing laws change, we
may be subject to new laws, regulations or standards or new interpretations of existing laws, regulations or standards, including those
in the areas of data security, data privacy and regulation of email providers and those that require localization of certain data (such
as in Russia), which could require us to incur additional costs and restrict our business operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Failures or perceived failures by us to comply
with rapidly evolving privacy or security laws such as those in the PRC, policies (including our own stated privacy policies), legal
obligations or industry standards or any security incident that results in the unauthorized release or transfer of personally identifiable
information or other personal or consumer data may result in governmental enforcement actions, litigation (including consumer class actions),
fines and penalties or adverse publicity and could cause our consumers to lose trust in us, which could have a material adverse effect
on our business, results of operations, financial condition and prospects.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Our failure to invest in and adapt to technological
developments and industry trends could harm our business.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We have identified the need to expand, scale
and improve our information technology systems and personnel to support recent and expected future growth. In this regard, we are investing
in and establishing a modular e-commerce platform to enhance our online customer experience and to allow us react faster and independently
across our front- and back-ends. To minimize the risk of disruption during this upgrade, we instituted a modular approach that allows
us to migrate one capability at a time. We also continuously invest in and implement, significant modifications and upgrades to our information
technology systems and procedures, including replacing legacy systems with successor systems, making changes to legacy systems or acquiring
new systems with new functionality, hiring employees with information technology expertise and building new policies, procedures, training
programs and monitoring tools. These types of activities, and in particular the transition to a new platform, subject us to inherent
costs and risks associated with replacing and changing these systems, including impairment of our ability to leverage our e-commerce
channels, fulfill customer orders, potential disruption of our internal control structure, substantial capital expenditures, additional
administration and operating expenses, acquisition and retention of sufficiently skilled personnel to implement and operate the new systems,
demands on management time, the introduction of errors or vulnerabilities and other risks and costs of delays or difficulties in transitioning
to or integrating new systems into our current systems. These implementations, modifications and upgrades may not result in productivity
improvements at a level that outweighs the costs of implementation, or at all. Additionally, difficulties with implementing new technology
systems, delays in our timeline for planned improvements, significant system failures, or our inability to successfully modify our information
systems to respond to changes in our business needs may cause disruptions in our business operations and have a material adverse effect
on our business, financial condition and results of operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Some of our software and systems contain
open source software, which may pose particular risks to our proprietary applications.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We use open source software in the applications
we have developed to operate our business and will continue to use open source software in the future. We may face claims from third
parties demanding the release or license of the open source software or derivative works that we developed from such software (which
could include our proprietary source code) or otherwise seeking to enforce the terms of the applicable open source license. These claims
could result in litigation and could require us to purchase a costly license, publicly release the affected portions of our source code,
or cease offering the implicated solutions unless and until we can re-engineer them to avoid infringement. In addition, our use of open
source software may present additional security risks because the source code for open source software is publicly available, which may
make it easier for hackers and other third parties to determine how to breach our sites and systems that rely on open source software.
Any of these risks could be difficult to eliminate or manage and, if not addressed, could have an adverse effect on our business and
results of operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Our software is highly complex and may
contain undetected errors.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The software underlying our sites is highly complex
and may contain undetected errors or vulnerabilities, some of which may only be discovered after the code has been released. In the future,
we expect to rely heavily on a software engineering practice known as &ldquo;continuous deployment,&rdquo; meaning that we will typically
release software code multiple times per day. This practice may result in the more frequent introduction of errors or vulnerabilities
into the software underlying our sites. Any errors or vulnerabilities discovered in our code after release could result in damage to
our reputation, loss of customers, disruption to our operations, decline of net sales or liability for damages, any of which could adversely
affect our business, financial conditions, result of operations and prospects.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Any failure to enforce our intellectual
property rights could adversely affect our business or results of operations.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We rely on trademark, copyright, trade secrets,
confidentiality agreements and other practices to protect our proprietary information, technologies and processes. Our principal trademark
assets include the registered trademark &ldquo;MYTHERESA,&rdquo; in addition to our logo. Our trademarks are valuable assets that support
our brand and customers&rsquo; perception of our services and merchandise. We also hold the rights to the &ldquo;mytheresa.com&rdquo;
internet domain name and various other related domain names, which are subject to internet regulatory bodies and trademark and other
related laws of each applicable jurisdiction. For example, we are required to register our trademark in China and have been subject to
trademark infringement claims in China. Although we believe that these and similar claims are without merit, they may result in additional
costs. As a result of the international nature of our business, we may be required to register our trademarks in the countries in which
we operate or conduct business.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We currently have no registered copyrights, applications
for copyright registrations, patents issued or applications pending in any jurisdiction. Any registered copyrights or patents that may
be issued in the future may not provide us with any competitive advantages or may be challenged by third parties, and future registered
copyrights or patent applications may never be granted. Even if issued, there can be no assurance that registered copyrights or patents
will adequately protect our intellectual property or survive a legal challenge, as the legal standards relating to the validity, enforceability
and scope of protection of registered copyright, patent and other intellectual property rights are uncertain. Our limited registered
copyright and patent protection may restrict our ability to protect our technologies and processes from competition.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We may be required to spend significant resources
to monitor and protect our intellectual property rights, and the efforts we take to protect our proprietary rights may not be sufficient.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>We may be accused of infringing intellectual
property or other proprietary rights of third parties.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are also at risk of claims by others that
we have infringed their copyrights, trademarks or patents, or improperly used or disclosed their trade secrets, or otherwise infringed
or violated their proprietary rights, such as the right of publicity. The costs of supporting any litigation or disputes related to these
claims can be considerable, and we cannot assure you that we will achieve a favorable outcome of any such claim. If any such claim is
valid, we may be compelled to cease our use of such intellectual property or other proprietary rights and pay damages, which could adversely
affect our business. Even if such claims were not valid, defending them could be expensive and distracting, adversely affecting our results
of operations. In addition, certain merchandise we purchase from brand partners has in the past been, and may in the future be, alleged
to have infringed a third-party&rsquo;s intellectual property rights. Although the respective brand partner typically address all claims
relating to such infringement, but our business or results of operations could be adversely affected as a result of such claims.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>As an online luxury retailer, our success
depends on the accuracy of our authentication process, particularly with respect to returned merchandise, and any failure by us to identify
counterfeit goods could adversely affect our reputation, customer acceptance and relationships with brand partners.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our success as an online luxury retailer depends
on our ability to accurately and cost-effectively determine whether an item offered for sale or submitted for a return is an authentic
product. While we have invested heavily in our authentication processes and we reject any merchandise we believe to be counterfeit, we
cannot be certain that we will identify every counterfeit item delivered or returned to us. As the sophistication of counterfeiters increases,
it may be increasingly difficult to identify counterfeit products. The sale or return of any counterfeit goods may damage our reputation
as a trusted online luxury retailer, which may adversely affect our reputation, customer acceptance and relationships with brand partners.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>The inability to acquire, use or maintain
our trademarks and domain names for our sites could substantially harm our business, financial condition and results of operations.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We currently are the registrant of marks for
our brand in numerous jurisdictions and are the registrant of the internet domain name for our sites, as well as various related domain
names. However, we have not registered our marks or domain names in all major international jurisdictions. Domain names generally are
regulated by internet regulatory bodies. As our business grows we may incur material costs in connection with the registration, maintenance,
and protection of our marks. If we do not have or cannot obtain on reasonable terms the ability to use our marks in a particular country,
or to use or register our domain name in a particular country, we could be forced either to incur significant additional expenses to
market our offerings within that country, including the development of a new brand and the creation of new promotional materials and
packaging, or to elect not to sell products in that country. Either result could adversely affect our business, financial condition and
results of operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Furthermore, the regulations governing domain
names and laws protecting marks and similar proprietary rights could change in ways that block or interfere with our ability to use relevant
domains or our current brand. Also, we might not be able to prevent third parties from registering, using or retaining domain names that
interfere with our customer communications or infringe or otherwise decrease the value of our marks, domain names and other proprietary
rights. Regulatory bodies also may establish additional generic or country-code top-level domains or may allow modifications of the requirements
for registering, holding or using domain names. As a result, we might not be able to register, use or maintain the domain names that
use the name Mytheresa in all of the countries and territories in which we currently or intend to conduct business.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>The loss of senior management or attrition
among our buyers or key employees could adversely affect our business.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our success in the global luxury fashion industry,
including our ability to anticipate and effectively respond to changing fashion trends, is dependent on our ability to attract and retain
qualified personnel, including, but not limited to, our executive team, particularly our chief executive officer, chief commercial officer
and chief financial officer, specialized information technology personnel, our buyers and members of our merchandising customer experience,
marketing and creative and content production teams as well as our customer care, processing and personal shopper teams. Competition
for qualified personnel is strong, and we cannot be sure that we will be able to attract and retain a sufficient number of qualified
personnel in the future, or that the compensation costs of doing so will not adversely affect our results of operations. If we are unable
to retain, attract and motivate talented employees with the appropriate skills, particularly specialists in information technology, at
cost-effective compensation levels, or if changes to our business adversely affect morale or retention, our ability to benefit from long-standing
relationships with qualified brand partners or to provide relationship-based customer service could suffer.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, the loss of one or more of our qualified
personnel or the inability to promptly identify a suitable successor to a key role or the loss of any of our technicians could have an
adverse effect on our business. For example, our chief executive officer and chief financial officer have unique and valuable experiences
leading our company. Our managing director contracts provide for only a six-month notice period, which may be an insufficient amount
of time to identify and recruit a qualified replacement. In addition, certain roles within our fashion buying team are freelance contractors
under individual consulting agreements with a limited term. If any of these employees or contractors were to depart or otherwise reduce
their focus on our company, our business may be disrupted. We do not currently maintain key-person life insurance policies on any member
of our senior management team or other key employees.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>If we fail to effectively manage our employees
and hiring needs in connection with our growth, our business, financial condition and results of operations could be harmed.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We have grown rapidly, with our net sales increasing
from &euro;612.1&nbsp;million in fiscal 2021 to &euro;698.4&nbsp;million in fiscal 2022. To effectively manage our growth, we must continue
to implement our operational plans and strategies, improve and expand our infrastructure of people and information systems and expand,
train and manage our employee base. Since our inception, we have rapidly increased our employee headcount to support the growth of our
business. As of June&nbsp;31, 2022, we had a total of 1,238 employees, representing 1,196.7 FTEs, an increase from 978.9 FTEs as of June&nbsp;30,
2021, and we have expanded across all areas of our business. To support continued growth, we must effectively integrate, develop and
motivate a large number of new employees while maintaining our corporate culture. We face significant competition for personnel, particularly
in Munich, where our principal offices and fulfillment center and the majority of our employees are located. To attract top talent, we
have had to offer, and expect to continue to offer, competitive compensation and benefits packages before we can validate the productivity
of new employees. We may also need to increase our employee compensation levels to remain competitive in attracting and retaining talented
employees. The risks associated with a rapidly growing workforce will be particularly acute if we choose to expand into new merchandise
categories and internationally. Additionally, we may not be able to hire new employees quickly enough to meet our needs. If we fail to
effectively manage our hiring needs or successfully integrate new hires or retain key employees, our efficiency, our ability to meet
forecasts and our employee morale, productivity and retention could suffer, which may adversely affect our business, financial condition,
results of operations and prospects.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Increases in labor costs, including wages,
or other developments in labor and employment law, including any unionizing efforts by employees, could adversely affect our business,
financial condition and results of operations.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Labor is a significant portion of our cost structure
and is subject to many external factors, including unemployment levels, prevailing wage rates, minimum wage laws, potential collective
bargaining arrangements, health insurance costs and other insurance costs and changes in employment and labor legislation or other workplace
regulation. A significant portion of our workforce is in Germany. From time to time, legislative proposals are made to increase the minimum
wage in the Federal Republic of Germany and to reform entitlement programs, such as health insurance and paid leave programs. As minimum
wage rates increase or related laws and regulations change, we may need to increase not only the wage rates of our minimum wage employees,
but also the wages paid to our other hourly or salaried employees. The minimum wage is set nationwide every two&nbsp;years for the following
two&nbsp;years. Since its last increase effective as from January&nbsp;1, 2022 the minimum wage is currently &euro;9.82 per hour. The
Minimum Wage Commission has recommended an increase in four steps every 6&nbsp;months from the current level to &euro;12 by October&nbsp;1,
2022. The Minimum Wage Commission&rsquo;s recommendation is subject to Government approval. Several German political parties are calling
for a significant increase, which may be decided after the 2022 federal elections. Any increase in the cost of our labor could have an
adverse effect on our business, financial condition and results of operations or if we fail to pay such higher wages we could suffer
increased employee turnover. Increases in labor costs could force us to increase prices, which could adversely impact our sales. If competitive
pressures or other factors prevent us from offsetting increased labor costs by increases in prices, our profitability may decline and
could have a material adverse effect on our business, financial condition and results of operations. In particular, the job market in
Munich, Germany, where our principal offices and fulfillment center as well as the majority of our employees are located, is very competitive.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We also face the risk that the European Union
or the German legislature could approve legislation or regulations and respond to rulings of higher courts that significantly affect
our businesses and our relationship with our employees. None of our employees are currently covered by a collective bargaining agreement,
but any attempt by our employees to organize a labor union could result in increased legal and other associated costs. If we enter into
a collective bargaining agreement with our employees, the terms could adversely affect our costs, efficiency and ability to generate
acceptable returns on the affected operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Adverse litigation judgments or settlements
resulting from legal proceedings in which we may be involved could expose us to monetary damages or limit our ability to operate our
business.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We have in the past and may in the future become
involved in private actions, collective actions, investigations and various other legal proceedings by customers, employees, brand partners,
third-party suppliers, competitors, government agencies or others. Examples of such claims include product defect and qualify claims,
deceptive trade practices claims, such as the posting of strike-through prices for merchandise, employment-related claims and other claims
related to our business practices. The results of any such litigation, investigations and other legal proceedings are inherently unpredictable
and expensive. Any claims against us, whether meritorious or not, could be time-consuming, result in costly litigation, damage our reputation,
require significant amounts of management time and divert significant resources. If any of these legal proceedings were to be determined
adversely to us, or we were to enter into a settlement arrangement, we could be exposed to monetary damages or limits on our ability
to operate our business, which could have an adverse effect on our business, financial condition and results of operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Our reliance on brand partners located
in jurisdictions presenting an increased risk of bribery and corruption, exposes us to legal, reputational, and supply chain risk through
the potential for violations of federal and international anti-corruption law.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are subject to certain provisions of the U.S.
Foreign Corrupt Practices Act of 1977 (&ldquo;FCPA&rdquo;). The FCPA prohibits providing, offering, promising, or authorizing, directly
or indirectly, anything of value to government officials, political parties, or political candidates for the purposes of obtaining or
retaining business or securing any improper business advantage. We conduct business in, or may expand our business to, certain countries
where there is a high risk of corruption and extortion and in some cases, where corruption and extortion are considered to be widespread
and where our companies may have to obtain approvals, licenses, permits, or other regulatory approvals from public officials. Therefore,
we are exposed to the risk that our employees, consultants, agents, or other third parties working on our behalf, could make, offer,
promise or authorize payments or other benefits in violation of anti-corruption laws and regulations, especially in response to demands
or attempts at extortion. If we or our brand partners were determined to have violated the FCPA, the U.K. Bribery Act of 2010, or any
of the anti-corruption and anti-bribery laws in the countries and territories where we and our brand partners do business, we could suffer
severe fines and penalties, profit disgorgement, injunctions on future conduct, securities litigation, bans on transacting certain business,
and other consequences that may have a material adverse effect on our business, financial condition and results of operations. In addition,
the costs we may incur in defending against any anti-corruption investigations stemming from our or our brand partners&rsquo; actions
could be significant. Moreover, any actual or alleged corruption in our supply chain could carry significant reputational harms, including
negative publicity, loss of goodwill, and decline in share price.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Any actual or perceived violation or breach of
these anti-corruption laws and regulations, including any potential governmental or internal investigations of perceived or actual misconduct,
could affect our overall reputation and, depending on the case, expose us to administrative or judicial proceedings, which could result
in criminal and civil judgments, including fines and monetary penalties, a possible prohibition on maintaining business relationships
with brand partners or customers in certain countries, and other negative consequences which could have a material adverse effect on
our business, financial condition, results of operations and prospects.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>We are subject to customs and international
trade laws that could require us to modify our current business practices and incur increased costs or could result in a delay in getting
products through customs and port operations, which may limit our growth and cause us to suffer reputational damage.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our business is conducted worldwide, with goods
imported from and exported to a substantial number of countries. A significant portion of the products we sell are shipped internationally.
We are subject to numerous regulations, including customs and international trade laws that govern the importation and sale of luxury
goods. Therefore, we are exposed to the risk that we are in non-compliance with some of these regulations and laws (the non-compliance
of which could result in administrative proceedings initiated by competent authorities against us). Further, these regulations and laws
may change unpredictably, and have done so recently in view of the global pandemic, economic pressures and potential trade wars.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additionally,
the ongoing crisis related to Russia&rsquo;s </font>war in Ukraine has resulted in the application of enhanced sanctions against Russia
by a number of jurisdictions, including the United States, United Kingdom, and European Union, and vice versa. These measures, and any
additional measures that may be imposed should Russia&rsquo;s war against Ukraine continue, may have a material impact on our ability
to operate in the ordinary course of business with customers in Russia. Although our sales in Russia are relatively immaterial and we
do not have a significant number of personnel in the country, certain commercial relationships remain at risk of disruption as a result
of these measures.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Legal requirements are frequently changed and
subject to interpretation, and we are unable to predict the ultimate cost of compliance with these requirements or their effects on our
operations. We may be required to make significant expenditures or modify our business practices to comply with existing or future laws
and regulations, which may increase our costs and materially limit our ability to operate our business.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our business depends on our ability to source
and distribute products in a timely manner. As a result, we rely on the free flow of goods through open and operational ports worldwide.
Labor disputes or other disruptions at ports create significant risks for our business, particularly if work slowdowns, lockouts, strikes
or other disruptions occur. Any of these factors could result in reduced sales or canceled orders, which may limit our growth and damage
our reputation and may have a material adverse effect on our business, results of operations, financial condition and prospects.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>The imposition or increase of tariffs,
the imposition of international trade regulations, and the current uncertainty regarding international economic relations could have
an adverse effect on our business and results of operations.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The acquisition, delivery, import and export
of our products are subject to various countries' export control laws and regulations, financial sanctions, import regulations, customs
duties and tariffs, and trade protection measures, which we refer to as &rdquo;international trade regulations&rdquo;. Those international
trade regulations have a significant impact on the costs to us and to our customers of our products. Changes to those international trade
regulations may have a further material impact on the cost of our products, and. as such, they may affect the competitiveness of our
products in various markets. Other changes to the international trade regulations could affect our ability to acquire products from specific
sources or suppliers and/or our ability to deliver our products to customers in specific countries.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The failure to comply with those international
trade regulations that are, or may be, applicable to our products may expose our company to adverse consequences, including: (i)&nbsp;the
imposition of fines and penalties; (ii)&nbsp;the imposition of government orders restricting our ability to export our products to, or
import our products into, specified countries; (iii)&nbsp;delay or impair our ability to ship and deliver our products to our customers;
and/or (iv)&nbsp;damage to our reputation as a compliant company and a reliable supplier of our products.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Many of our products are manufactured in the
People's Republic of China. Commencing in 2018, as part of a series of trade-related disputes between the governments of the United States
and the People's Republic of China, the United States Government imposed punitive customs duties on Chinese merchandise imported into
the United States, under section 301 of the U.S. Trade Act of 1974. Those &quot;section 301&quot; duties on Chinese origin goods range
from 7.5 percent to 25 percent, and apply directly to products that we procure from Chinese suppliers for importation into the United
States. The section 301 duties are currently under review by the United States Government, and the consequences of that review are uncertain.
If the section 301 duties are maintained in effect, they will likely continue to have a negative impact on the competitiveness of our
products in the United States, and on our overall financial results.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Section&nbsp;307 of the United States Tariff
Act prohibits the importation into the United States of products manufactured abroad in whole or in part with forced labor. On June&nbsp;21,
2022, the Uyghur Forced Labor Prevention Act (the &quot;UFLPA&quot;) went into effect in the United States. The UFLPA establishes a presumption
that any product that is produced or manufactured in the XUAR, or that is produced or manufactured by an entity that is working with
the XUAR regional government forced labor programs, is the product of forced labor and is therefore ineligible for importation into the
United States. Textiles and apparel, particularly cotton apparel, are a particular focus of the UFLPA enforcement effort, and the regulations
can be, in certain situations, unclear, leaving a great deal of discretion in the hands of customs inspectors. If any of the products
that we supply to our customers in the United States are suspected of being subject to the forced labor restrictions of the UFLPA, we
may experience delays in importing products into the United States or seizure of our goods, which would likely lead to customer dissatisfaction
as orders are delayed or cancelled. Moreover, any shipment of products to the United States which are ultimately determined to be subject
to the UFLPA may expose us to fines and penalties under the United States Customs&nbsp;&amp; Border Protection regulations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The UFLPA is a United States law. Other countries,
however, may in the future enact similar laws banning the importation of products from the XUAR or otherwise determined to be produced
in whole or in part with forced labor. To the extent that any entity in the supply chain for our products (of any tier, including raw
materials suppliers) is determined to be using forced labor, that determination could have a significant impact on our ability to supply
our products to customers in other markets.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
response to the Russian </font>war in Ukraine, various countries, including the United States, Canada, the United Kingdom, the European
Union member states, and other countries have imposed a series of enhanced export control restrictions and financial sanctions on transactions
with or in the Russian Federation and Belarus. In particular, the United States, the United Kingdom and the European Union have imposed
export control restrictions or prohibitions on the export of luxury goods, including especially fashion apparel, to: (i)&nbsp;any person
in the Russian Federation and Belarus; and (ii)&nbsp;certain specified Russian and Belarussian individuals (i.e., so-called &quot;oligarchs&quot;
and &quot;malign actors&quot;) wherever located. Those luxury goods export control restrictions, especially those adopted by the European
Union, have the effect of prohibiting the export of many of our products from the European Union to customers in Russia and Belarus.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In 2019, the United States Government threatened
to impose section 301 duties, at a rate of 25 percent, on certain products, including apparel, handbags and cosmetics, imported from
the United Kingdom, France,&nbsp;Italy and Spain, as well as various other countries, in response to those countries' initiatives to
implement a digital services tax. The proceedings to impose those section 301 duties were, however, terminated, as a result of agreement
among the various countries to negotiate a multinational convention on the taxation of digital services under the auspices of the Organization
for Economic Cooperation and Development (&quot;OECD&quot;). If no such multilateral convention is ultimately concluded, the section
301 actions could be reinstituted by the United States Government. The imposition of any such section 301 duties on products imported
into the United States from various European countries could have a significant impact on the cost and competitiveness of our products
in the United States market.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The imposition of additional duties by the United
States, and retaliatory actions taken by other countries, may result in a global trade war. Those tariff measures are one manifestation
of global economic tensions, which could result in the imposition of various forms of taxation, tariff measures and customs duties on
our products, which could then have a significant impact on our business, financial condition and results of operations. Other governmental
action related to tariffs or international trade agreements may adversely impact demand for our products, our costs, customers, suppliers
and global economic conditions and cause higher volatility in financial markets. The luxury industry has been impacted by ongoing uncertainty
surrounding tariffs and import duties, and international trade relations generally. While we actively review existing and proposed measures
to seek to assess the impact of them on our business, changes in tariff rates, import duties and other new or augmented trade restrictions
could have a number of negative impacts on our business, including higher consumer prices and reduced demand for our products and higher
input costs. The imposition or increase of tariffs might cause us to consider increasing prices to our end customers. However, this could
reduce the competitiveness of our merchandise and customers might refrain from purchasing products from us, and/or might switch to competitors,
which could adversely affect net sales. If we fail to manage these dynamics successfully, gross margins and profitability could be adversely
affected. As of the date of this report, tariffs have not had a significant impact on our business, but increased tariffs or trade restrictions
implemented by the United States or other countries in connection with a global trade war could have a material adverse effect on our
business, financial condition and results of operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Any failure by us or our brand partners
to comply with product safety, labor or other laws, or to provide safe conditions for our or their workers may damage our reputation
and brand and harm our business.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The merchandise we sell to our customers is subject
to regulation by the Federal Customer Product Safety Commission, the Federal Trade Commission, the European Commission and similar national
and international regulatory authorities. Products marketed in the European Union are subject to several European Union legislative acts
regulating products such as the EU Regulation on requirements for accreditation and market surveillance relating to the marketing of
products ((EC) No 765/2008), the EU Directive on general product safety (2001/95/EC) and the EU Directive concerning liability for defective
products (85/374/EEC). As a result, such merchandise could be subject to market surveillance and accreditation measures by European and
national authorities, as well as recalls and other remedial actions. Product safety, labeling and licensing concerns, including customer
disclosure and warning regarding chemical exposure, may require us to voluntarily remove selected merchandise from our inventory. Such
recalls or voluntary removal of merchandise can result in, among other things, lost sales, diverted resources, potential harm to our
reputation and increased customer service costs and legal expenses, which could have a material adverse effect on our results of operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We purchase our merchandise from numerous international
and European brand partners. Failure of our brand partners to comply with applicable laws and regulations and contractual requirements
could lead to litigation against us, resulting in increased legal expenses and costs. In addition, the failure of any such brand partners
or their manufacturers to provide safe and humane factory conditions and oversight at their facilities could damage our reputation with
customers or result in legal claims against us, any of which could have an adverse impact on our business, financial condition, results
of operations and prospects.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>We are required to collect sales and use
taxes in most U.S. states or be subject to other tax liabilities (including penalties and interest) that may increase the costs our customers
would have to pay and adversely affect our results of operations.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On June&nbsp;21, 2018, the U.S. Supreme Court
held in South Dakota v. Wayfair,&nbsp;Inc. that states could impose sales and use tax (collectively &ldquo;sales tax&rdquo;) collection
obligations on out-of-state retailers even if those retailers lack any physical presence within the states imposing sales taxes. Under
Wayfair, a person&rsquo;s economic and virtual contacts with a state may be sufficient to create the &ldquo;substantial nexus&rdquo;
that is required with a taxing state before the state may subject the person to sales tax collection obligations therein. An increasing
number of U.S. states, both before and after the Supreme Court&rsquo;s ruling, have considered or adopted laws that attempt to impose
sales tax collection obligations on out-of-state retailers. Every U.S. state with a sales tax now imposes sales tax collection obligations
on companies engaging in a certain number and/or dollar value of sales to customers in the state, even when such companies lack a physical
presence. The Supreme Court&rsquo;s Wayfair decision has removed a significant impediment to the enactment of these laws, and it is possible
that U.S. states may seek to tax out-of-state retailers, including for prior tax&nbsp;years. A successful assertion by one or more U.S.
states requiring us to collect sales taxes where we presently do not do so could result in tax liabilities, including taxes on past sales,
as well as penalties and interest. The imposition by U.S. state governments of sales tax collection obligations on out-of-state retailers
in U.S. jurisdictions where we do not currently collect sales taxes, whether for prior&nbsp;years or prospectively, could also create
additional administrative burdens for us, put us at a competitive disadvantage if they do not impose similar obligations on our competitors
and decrease our future sales, which could have a material adverse impact on our business and results of operations. Although we believe
that we currently collect sales taxes in all U.S. states that have adopted laws imposing sales tax collection obligations on out-of-state
retailers since Wayfai<b>r</b>&nbsp;was decided, a new imposition or a successful assertion by one or more U.S. states requiring us to
collect sales taxes where we presently do not do so, or to collect more taxes in a jurisdiction in which we currently do collect some
sales taxes, could result in substantial tax liabilities, including taxes on past sales, as well as penalties and interest.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>We may experience fluctuations in our tax
obligations and effective tax rate, which could adversely affect our results of operations.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As a global company, we are subject to taxation
in certain other countries. Significant judgment is required to determine and estimate worldwide tax liabilities. Our future annual and
quarterly effective tax rates could be affected by numerous factors, including changes in applicable tax laws, the amount and composition
of pre-tax income in countries with differing tax rates or valuation of our deferred tax assets and liabilities. Changes in applicable
tax laws in the jurisdictions in which we (or our subsidiaries) are organized or operate, as well as certain proposals agreed to by 137
countries, including Germany (and the Netherlands), operating through the OECD and Group of 20 Inclusive Framework on Base Erosion and
Profit Shifting, including, without limitation, the Pillar I proposal to allocate certain amounts of taxable income to market jurisdictions
for large profitable groups and Pillar II proposal to introduce mechanisms to ensure all profits are subject to a global minimum tax.
The European Commission (&quot;EC&quot;) issued a proposed directive in December&nbsp;2021, that requires EU Member States to implement
Pillar II rules&nbsp;if the proposed directive is adopted by the EU Member States. It is also possible that a unified approach will not
be agreed upon while a significant number of countries enact new unilateral tax measures without mechanisms to avoid double taxation.
Any of these potential developments could have a material adverse effect on our financial condition and results of operations. In addition,
there are, and will likely continue to be, an increasing number of tax laws and regulations pertaining to the internet and online commerce
that could have a material impact on our financial condition and results of operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our actual effective tax rate may vary from our
expectation and that variance may be material. A number of factors may increase our future effective tax rates, including:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">the jurisdictions in which profits
                                            are determined to be earned and taxed;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">the resolution of issues arising
                                            from any future tax audits with various tax authorities;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">changes in the valuation of our deferred
                                            tax assets and liabilities;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">increases in expenses not deductible
                                            for tax purposes, including transaction costs and impairments of goodwill in connection with
                                            acquisitions;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">changes in the taxation of share-based
                                            compensation;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">changes in tax laws or the interpretation
                                            of such tax laws, and changes in generally accepted accounting principles; and</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">changes to the transfer pricing policies
                                            related to our structure.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">From time to time we initiate amendments to previously
filed tax returns. We regularly assess the likelihood of favorable or unfavorable outcomes resulting from these amendments and audits
conducted by tax authorities to determine the adequacy of our provision for income taxes, which requires estimates and judgments. Although
we believe our tax estimates are reasonable, we cannot assure you that the tax authorities will agree with such estimates. We may have
to engage in litigation to achieve the results reflected in the estimates, which may be time-consuming and expensive. We cannot assure
you that we will be successful or that any final determination will not be materially different from the treatment reflected in our historical
income tax liabilities and accruals, which could materially and adversely affect our financial condition and results of operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Taxing authorities could reallocate our
taxable income among any current or future affiliates, which could increase our overall tax liability.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If we succeed in growing our business, we may
conduct increased operations through subsidiaries in various tax jurisdictions other than Germany pursuant to transfer pricing arrangements
between us and such various subsidiaries. If two or more affiliated companies are located in different countries, the tax laws or regulations
of each country generally will require that transfer prices be the same as those between unrelated companies dealing at arms&rsquo; length
and that appropriate documentation is maintained to support the transfer prices. While we believe that we currently operate in compliance
with applicable domestic and international transfer pricing laws (to the extent relevant) and intend to continue to do so, we cannot
exclude the possibility that one or more foreign tax authorities may not agree with, and thus may challenge, any transfer pricing practices
or procedures we implement now or in the future, and that applicable transfer pricing laws may change adversely to our business.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If any tax authorities were to successfully challenge
our transfer prices as not reflecting arms&rsquo; length transactions, they could require us to adjust our transfer prices and thereby
reallocate our income to reflect these revised transfer prices, which could result in higher tax liabilities, penalties or double taxation
in two countries. In addition, our documentation may be considered to be insufficient by the relevant tax authorities which may also
result in penalties and additional tax payments. If tax authorities were to allocate income to a tax jurisdiction with a higher aggregated
tax burden, subject our income to double taxation or assess interest and penalties, it would increase our consolidated tax liability,
which could adversely affect our business, financial condition, results of operations and cash flows.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Our tax burden could increase due to changes
in tax laws, tax rates, tax practice, tax treaties, or tax regulations, their application or interpretation, or as a result of future
tax audits.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The tax treatment of us and our subsidiaries
depends in some instances on determinations of fact and interpretations of complex provisions of applicable tax law for which no clear
precedent or authority may be available. Relevant tax rules&nbsp;are consistently under review by persons involved in the legislative
process and taxing authorities, which may result in revised interpretations of established concepts, statutory changes, new reporting
obligations, revisions to regulations and other modifications and interpretations. The present tax treatment of us and our subsidiaries
may be modified by administrative, legislative or judicial interpretation at any time, and any such action may apply on a retroactive
or retrospective basis. Changes to applicable tax laws and interpretations thereof could result in a higher taxable income and a higher
tax burden for the Company and its operating subsidiaries and could affect or cause us to change the structure of our business and operations
or change the character or treatment of portions of our income, among other results.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The original treatment of a tax-relevant matter
in a tax return, tax assessment or otherwise could later be found incorrect and as a result, we may be subject to additional taxes, interest,
penalty payments and/or social security payments. Such reassessment may be due to an interpretation or view of laws and/or facts by tax
authorities in a manner that deviates from our view and may emerge as a result of tax audits or other review actions by the relevant
financial or tax authorities. For example, certain predecessors in interest were incorporated in Luxembourg, and the Luxembourg tax authorities
may disagree with tax positions taken by those entities, including with regards to the transactions pursuant to which MYT Netherlands
obtained ownership of MGG. Our subsidiaries and we are subject to tax audits by the respective tax authorities on a regular basis. As
a result of future tax audits or other reviews by the tax authorities, additional taxes could be imposed on us and our subsidiaries exceeding
the provisions reflected in our financial statements. This could lead to an increase in our tax obligations, either as a result of the
relevant tax payment being assessed directly against us or as a result of us becoming liable for the relevant tax as a secondary obligor
due to the primary obligor&rsquo;s failure to pay. We could in the future have considerable tax loss carryforwards, or other tax carryforwards,
including as pertaining to interest or expense deductions. The utilization of these tax carryforwards may be restricted under applicable
tax laws, for instance, if they cannot be carried forward indefinitely or if they forfeit upon occurrence of certain events (e.g., a
direct or indirect transfer of shares or a change of control). In addition, any such restriction may require a write-down of the deferred
tax assets in our consolidated financial statements to the extent we have any future tax loss carryforwards. This could negatively affect
our financial position and results of operations. Furthermore, applicable tax laws may limit or restrict the ability to take current
tax deductions for certain expenses.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Due to changes in tax laws, tax rates, tax practice,
tax treaties, or tax regulations, we could be required to collect additional sales taxes or be subject to other tax liabilities. As a
result this may increase the costs our customers would have to pay for our offering or us reducing our margin we generate with our offerings,
which would adversely affect our results of operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>We may require additional capital to support
business growth, and this capital might not be available or may be available only by diluting existing shareholders.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We intend to continue making investments to support
our business growth and may require additional funds to support this growth and respond to business challenges, including the need to
develop our services, expand our inventory, enhance our operating infrastructure, expand the markets in which we operate and potentially
acquire complementary businesses and technologies. Accordingly, we may seek to engage in equity or debt financings to secure additional
funds. If we raise additional funds through further issuances of equity or convertible debt securities, our existing shareholders could
suffer significant dilution. In addition, any debt financing secured by us in the future could involve restrictive covenants relating
to our capital-raising activities and other financial and operational matters, which may make it more difficult for us to obtain additional
capital and to pursue business opportunities.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We may not be able to obtain additional financing
on terms favorable to us, if at all. If we are unable to obtain adequate financing or financing on terms satisfactory to us, when we
require it, our ability to continue to support our business growth and to respond to business challenges could be significantly limited,
and our business and prospects could be adversely affected.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>If our internal control over financial
reporting or our disclosure controls and procedures are not effective, we may not be able to accurately report our financial results,
prevent fraud or file our periodic reports in a timely manner, which may cause investors to lose confidence in our reported financial
information and may lead to a decline in the value of our securities.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Before completing our IPO, we had been a private
company since our inception, and as such, we have not had the internal control and financial reporting requirements that are required
of a publicly traded company. As a publicly traded company, we are required to comply with the SEC&rsquo;s rules&nbsp;implementing Sections&nbsp;302
and 404 of the Sarbanes-Oxley Act, which require that we maintain effective internal control over financial reporting and disclosure
controls and procedures. In particular, we must perform system and process evaluation, document our controls and perform testing of our
key controls over financial reporting to allow management and, once we are no longer an &ldquo;emerging growth company,&rdquo; our independent
registered public accounting firm to report on the effectiveness of our internal control over financial reporting, as required by Section&nbsp;404
of the Sarbanes-Oxley Act. Our testing, or the subsequent testing by our independent registered public accounting firm in the future,
may reveal deficiencies in our internal control over financial reporting that are deemed to be material weaknesses. If we are not able
to comply with the requirements of Section&nbsp;404 in a timely manner, or if we or our independent registered public accounting firm
identify deficiencies in our internal control over financial reporting that are deemed to be material weaknesses, the value of our securities
may likely decline, and we could be subject to lawsuits, sanctions or investigations by regulatory authorities, which would require additional
financial and management resources.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We continue to invest in more robust technology
and in more resources in order to manage our reporting requirements. Implementing the appropriate changes to our internal controls may
distract our senior management and employees, result in substantial costs to implement new processes or modify our existing processes
and require significant time to complete. Any difficulties or delays in implementing the system could impact our ability to timely report
our financial results. In addition, we currently rely on a manual process in some areas which increases our exposure to human error or
intervention in reporting our financial results. For these reasons, we may encounter difficulties in the timely and accurate reporting
of our financial results, which would impact our ability to provide our investors with information in a timely manner. As a result, our
investors could lose confidence in our reported consolidated financial information, and the value of our securities could decline.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, any such changes do not guarantee
that we will be effective in maintaining the adequacy of our internal controls, and any failure to maintain that adequacy could prevent
us from accurately reporting our financial results.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Operating as a publicly traded company
in the United States subjects us to additional rules&nbsp;and regulations, requires us to incur substantial costs and requires substantial
management attention. In addition, our management team has limited experience managing a public company.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As a publicly traded company in the United States,
we incur substantial legal, accounting, director and officer insurance and other expenses that we did not incur as a private company.
For example, we will be subject to the reporting requirements of the Exchange Act, the applicable requirements of the Sarbanes-Oxley
Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act, and the rules&nbsp;and regulations of the SEC. The NYSE listing
requirements applicable to foreign private issuers and the Dutch regulations applicable to private companies with limited liability under
the laws of the Netherlands and the Dutch Corporate Governance Code, as well as other applicable securities rules&nbsp;and regulations,
also apply to us. As part of these requirements, we need to maintain effective disclosure and financial controls and continue to make
changes to our corporate governance practices. Compliance with these requirements has increased our legal and financial compliance costs
and will continue to make some activities more time consuming.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Most of our management and other personnel have
little experience managing a public company and preparing public filings. In addition, our management and other personnel have needed
to divert attention from other business matters to devote substantial time to the reporting and other requirements of being a public
company. In particular, we have incurred and expect to continue to incur significant expense and devote substantial management effort
to complying with the requirements of Section&nbsp;404 of the Sarbanes-Oxley Act. We have hired and expect to continue to hire additional
accounting and financial staff with appropriate public company experience and technical accounting knowledge.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, changing laws, regulations and standards
relating to corporate governance and public disclosure are creating uncertainty for public companies, increasing legal and financial
compliance costs and making some activities more time consuming. These laws, regulations and standards are subject to varying interpretations,
in many cases due to their lack of specificity, and, as a result, their application in practice may evolve over time as new guidance
is provided by regulatory and governing bodies. This could result in continuing uncertainty regarding compliance matters and higher costs
necessitated by ongoing revisions to disclosure and governance practices. We expect to continue to invest resources to comply with evolving
laws, regulations and standards, and this investment may result in increased general and administrative expenses and a diversion of management&rsquo;s
time and attention from revenue-generating activities to compliance activities. If our efforts to comply with new laws, regulations and
standards differ from the activities intended by regulatory or governing bodies due to ambiguities related to their application and practice,
regulatory authorities may initiate legal proceedings against us and our business may be adversely affected.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">These new rules&nbsp;and regulations may make
it more expensive for us to obtain director and officer liability insurance, and in the future, we may be required to accept reduced
coverage or incur substantially higher costs to obtain coverage. These factors could also make it more difficult for us to attract and
retain qualified members of our Supervisory Board, particularly to serve on our Audit Committee and Nominating, Governance and Compensation
Committee, and qualified senior management.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">By disclosing information in this report and
in filings required of a public company, our business and financial condition will become more visible, which we believe may result in
threatened or actual litigation, including by competitors and other third parties. If those claims are successful, our business could
be seriously harmed. Even if the claims do not result in litigation or are resolved in our favor, the time and resources needed to resolve
them could divert our management&rsquo;s resources and seriously harm our business.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Our credit facilities contain restrictive
covenants that may limit our operating flexibility.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our credit facilities contain restrictive covenants
that limit our ability to transfer or dispose of assets, merge with other companies or consummate certain changes of control, acquire
other companies, incur additional indebtedness and liens and enter into new businesses. We therefore may not be able to engage in any
of the foregoing transactions unless we obtain the consent of the lender or terminate the credit facility, which may limit our operating
flexibility. There is no guarantee that we will be able to generate sufficient cash flow or sales to meet these financial covenants or
pay the principal and interest on any debt under our facilities. Furthermore, there is no guarantee that future working capital, borrowings
or equity financing will be available to repay or refinance any such debt. Any inability to make scheduled payments or meet the financial
covenants on our credit facilities would adversely affect our business.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Changes in IFRS could have an adverse effect
on our previously reported results of operations.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The standards comprising IFRS are subject to
revision and interpretation by the IASB and by various bodies formed to promulgate and to interpret appropriate accounting principles
including the International Financial Reporting Interpretations Committee and the Standard Interpretations Committee. A change in these
standards or interpretations could have a significant effect on our previously reported results of operations and could affect the reporting
of transactions completed before the announcement of a change.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Additionally, our assumptions, estimates and
judgments related to complex accounting matters could significantly affect our financial results. IFRS and related accounting pronouncements,
implementation guidelines and interpretations with regard to a wide range of matters that are relevant to our business, including, but
not limited to, revenue recognition, impairment of long-lived assets, leases and related economic transactions, intangibles, self-insurance,
income taxes, property and equipment, litigation and equity-based compensation are highly complex and involve many subjective assumptions,
estimates and judgments by us. Changes in these rules&nbsp;or their interpretation or changes in underlying assumptions, estimates or
judgments by us could require us to make changes to our accounting systems to implement these changes that could increase our operating
costs and could significantly change our reported or expected financial performance.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>The value of goodwill, brand names or other
intangible assets reported in our consolidated financial statements may need to be partially or fully impaired as a result of revaluations.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of June&nbsp;30, 2022, our carrying amount
of goodwill, brand names and other intangible assets recorded on our consolidated balance sheet was &euro;155.0&nbsp;million. Under IFRS,
we are required to annually test our recorded goodwill and indefinite-lived intangible assets, such as brand names, and to assess the
carrying values of other intangible assets when impairment indicators exist. As a result of such tests, we could be required to recognize
impairment losses in our income statement if the carrying value is in excess of the fair value. Certain of our intangible assets include
acquired customers that we amortize over several&nbsp;years. If we are required to book losses with respect to such intangibles, we may
need to shorten the amortization period, which could have a material adverse effect on our business, financial condition and results
of operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Dutch law provides that the courts at the
corporate seat of the issuer have jurisdiction for certain disputes between us and our shareholders, which could limit our shareholders&rsquo;
ability to obtain a favorable judicial forum for disputes with us or members of our Management or Supervisory Boards, senior management
or employees.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dutch law provides that the courts at the corporate
seat of the issuer are the exclusive forum for, inter alia, any legal challenge by a shareholder of a resolution of the general meeting
of shareholders.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This may limit a shareholder&rsquo;s ability
to bring a claim in a judicial forum that it finds favorable for disputes with MYT Netherlands or members of our Management or Supervisory
Boards, senior management or other employees, which may discourage lawsuits against MYT Netherlands and members of our Management or
Supervisory Boards, senior management and other employees. The exclusive forum does not apply to claims under the Securities Act or the
Exchange Act.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>The rights of shareholders in a Dutch private
company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) differ in material respects from the rights of
shareholders of corporations incorporated in the United States.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">MYT Netherlands is a Dutch private company with
limited liability (<i>besloten vennootschap met beperkte aansprakelijkheid</i>) with its registered office in the Netherlands. Its corporate
affairs are governed by the laws governing private companies with limited liability formed in the Netherlands set forth in the Dutch
Civil Code, the Dutch Corporate Governance Code, its Articles of Association, the Rules&nbsp;of Procedure of its Supervisory Board and
the Rules&nbsp;of Procedure of its Management Board. The rights of our shareholders may be different from the rights and obligations
of shareholders in companies governed by the laws of U.S. jurisdictions.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, rights of shareholders and the responsibilities
of members of our Management Board and Supervisory Board may differ from the rights of shareholders and the duties of directors of U.S.
corporations. In the performance of their duties, our Management Board and Supervisory Board are required by Dutch law to consider our
interests and the interests of our shareholders, employees and other stakeholders, in all cases with due observation of the principles
of reasonableness and fairness. It is possible that some of these parties will have interests that are different from, or in addition
to, your interests as a holder of our securities.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For more information, we have provided summaries
of relevant Dutch law governing private companies with limited liability and of our Articles of Association under&nbsp;<i>&ldquo;Management&rdquo;</i>&nbsp;and&nbsp;<i>&ldquo;Description
of Share Capital and Articles of Association.&rdquo;</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Dutch and European insolvency laws are
substantially different from U.S. insolvency laws and may offer our shareholders less protection than they would have under U.S. insolvency
laws.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As a private company with limited liability under
the laws of the Netherlands (<i>besloten vennootschap met beperkte aansprakelijkheid</i>), MYT Netherlands is subject to Dutch insolvency
laws in the event any insolvency proceedings are initiated against us including, among other things, Regulation (EU) 2015/848 of the
European Parliament and of the Council of May&nbsp;20, 2015 on insolvency proceedings as of June&nbsp;2017. Further, our principal operating
subsidiaries have their registered offices in Germany and are subject to German insolvency laws and EU regulations in the event any insolvency
proceedings are initiated against such subsidiaries. Should courts in another European country determine that the insolvency laws of
that country apply to us or our principal operating subsidiaries in accordance with and subject to such EU regulations, the courts in
that country could have jurisdiction over the insolvency proceedings initiated against us. Insolvency laws in the Netherlands, Germany
or the relevant other European country, if any, may offer our shareholders less protection than they would have under U.S. insolvency
laws and make it more difficult for them to recover the amount they could expect to recover in a liquidation under U.S. insolvency laws.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Conflicts of interest may arise inside
our Management Board and because of our shareholder structure at the time of the IPO and because some members of our Supervisory Boards
are employed by our Sponsors.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Due to the size of their shareholding, Ares Management
Corp. (&ldquo;Ares&rdquo;) and Canada Pension Plan&nbsp;Investment Board (&ldquo;CPPIB&rdquo; and, together with Ares, the &ldquo;Sponsors&rdquo;),
through MYT Holding, are able to adopt any resolution in the general meeting of shareholders regardless of how other shareholders vote,
including, but not limited to, resolutions on the election of Supervisory Board members, on capital measures and on the allocation of
profits and, hence, our dividend policy. In this context, the interests of Ares and affiliates of CPPIB, for example with respect to
the allocation of profits and the distribution of dividends, may differ from the interests of some or all of our other shareholders.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Entities affiliated with Ares and affiliates
of CPPIB may hold equity interests in entities that directly or indirectly compete with us, and companies in which they currently invest
may begin competing with us. In addition, certain members of our Supervisory Board are affiliated with Ares, CPPIB and MYT Holding. As
a result of these relationships, when conflicts arise between the interests of Ares and CPPIB and their affiliates, on the one hand,
and the interests of the Company and our other shareholders, on the other hand, these members of our Supervisory Board may have an interest
in the matter different from the interests of the Company and our other shareholders.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dutch law provides that a member of the management
board of a Dutch private company with limited liability&nbsp;<i>(besloten vennootschap met beperkte aansprakelijkheid)</i>, such as the
Company, may not participate in the adoption of resolutions (including deliberations in respect of these) if he or she has a direct or
indirect personal interest conflicting with the interests of the company. Such a conflict of interest only exists if in the situation
at hand the member of our Management Board is deemed to be unable to serve the interests of the Company and the business connected with
it with the required level of integrity and objectivity. Pursuant to the Management Board Rules, each member of our Management Board
shall immediately report any (potential) personal conflict of interest concerning a member of our Management Board to the chairperson
of the Supervisory Board and to the other members of our Management Board and shall provide all information relevant to the conflict.</p>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If no resolution can be adopted by our Management
Board as a consequence of such a personal conflict of interest, the resolution concerned will be adopted by our Supervisory Board. All
transactions in which there are conflicts of interests with members of our Management Board will be agreed on terms that are customary
in the sector concerned and disclosed in the Company&rsquo;s annual report. The existence of an actual or potential conflict of interest
does not affect the authority of a member of our Management and Supervisory Boards to represent the Company.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>We may not pay dividends on our ordinary
shares in the future and, consequently, your ability to achieve a return on your investment will depend on the appreciation in the value
of our securities.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We may not pay any cash dividends on our ordinary
shares in the future. Any decision to declare and pay dividends in the future will depend on, among other things, our results of operations,
financial condition, cash requirements, contractual restrictions. In addition, our ability to pay dividends is, and may be, limited by
covenants of existing and any future outstanding indebtedness we or our subsidiaries incur. Therefore, any return on investment on our
securities is solely dependent upon the appreciation of the value of our securities on the open market, which may not occur. In addition,
withholding taxes, if applicable, could reduce the amount of the dividend that you will receive.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>MYT Netherlands is a holding company with
no external revenue generating activities of its own and, as such, it depends on its subsidiaries for cash to fund its operations and
expenses, including future dividend payments, if any.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As a holding company, our principal source of
cash flow will be distributions or payments from our operating subsidiaries. Therefore, our ability to fund and conduct our business,
service our debt and pay dividends, if any, in the future will depend on the ability of our subsidiaries and intermediate holding companies
to make upstream cash distributions or payments to us, which may be impacted, for example, by their ability to generate sufficient cash
flow or limitations on the ability to repatriate funds whether as a result of currency liquidity restrictions, monetary or exchange controls
or otherwise. Our operating subsidiaries and intermediate holding companies are separate legal entities, and although they are directly
or indirectly wholly owned and controlled by us, they have no obligation to make any funds available to us, whether in the form of loans,
dividends or otherwise, except as may be provided through intercompany agreements from time to time. Furthermore, the ability of our
operating subsidiaries to make any funds available to MYT Netherlands Parent B., whether in the form of loans, dividends or otherwise
is restricted by the terms of their revolving credit facilities while these are in place. To the extent the ability of any of our subsidiaries
to distribute dividends or other payments to us is limited in any way, our ability to fund and conduct our business, service our debt
and pay dividends, if any, could be harmed.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Investors may have difficulty enforcing
civil liabilities against us or the members of our Management or Supervisory Board.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are incorporated in the Netherlands and conduct
substantially all of our operations in the European Union through our subsidiaries. All members of our Management Board and four members
of our Supervisory Board are non-residents of the United States. The majority of our assets and a significant portion of the assets of
the members of our Management Board and Supervisory Board are located outside the United States. As a result, it may not be possible,
or may be very difficult, to serve process on company representatives or the company in the United States, or to enforce judgments obtained
in U.S. courts against company representatives or the company based on civil liability provisions of the securities laws of the United
States.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">There is no treaty between the United States
and the Netherlands for the mutual recognition and enforcement of judgments (other than arbitration awards) in civil and commercial matters.
Therefore, a final judgment for the payment of money rendered by any federal or state court in the United States based on civil liability,
whether or not predicated solely upon the U.S. federal securities laws, would not be enforceable in the Netherlands unless the underlying
claim is re-litigated before a Dutch court of competent jurisdiction. However, if a person has obtained a final judgment without appeal
in such a matter rendered by a court in the United States that is enforceable in the United States and files his claim with the competent
Dutch court, the Dutch court will recognize and give effect to such foreign judgment insofar as it finds that (i)&nbsp;the jurisdiction
of the U.S. court has been based on grounds which are internationally acceptable, (ii)&nbsp;proper legal procedures have been observed,
(iii)&nbsp;the judgment does not contravene Dutch public policy and, (iv)&nbsp;the judgment is not irreconcilable with a judgment of
a Dutch court or an earlier judgment of a foreign court that is capable of being recognized in the Netherlands.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Based on the foregoing, there can be no assurance
that U.S. investors will be able to enforce any judgments obtained in U.S. courts in civil and commercial matters, including judgments
under the U.S. federal securities laws, against us, members of our Management Board and Supervisory Board, or our senior management.
In addition, there is doubt as to whether a Dutch court would impose civil liability on us, the members of our Management and Supervisory
Board or our senior management in an original action predicated solely upon the U.S. federal securities laws brought in a court of competent
jurisdiction in the Netherlands against us or such members, respectively.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>MYT Netherlands may be treated as a passive
foreign investment company, which could result in adverse tax consequences for investors in our securities that are subject to U.S. federal
income tax.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Based on the anticipated market price of MYT
Netherlands&rsquo; securities and the composition of MYT Netherlands&rsquo; income, assets (and such assets&rsquo; adjusted bases) and
operations, MYT Netherlands does not expect to be treated as a passive foreign investment company (&ldquo;PFIC&rdquo;) for U.S. federal
income tax purposes for the current taxable year or in the foreseeable future. However, this is a factual determination that must be
made annually after the close of each taxable year. Therefore, there can be no assurance that MYT Netherlands will not be classified
as a PFIC for the current taxable year or for any future taxable year. MYT Netherlands would be classified as a PFIC for any taxable
year if, after the application of certain look-through rules, either: (1)&nbsp;75% or more of its gross income for such year is &ldquo;passive
income&rdquo; (as defined in the relevant provisions of the Internal Revenue Code of 1986, as amended (the &ldquo;Code&rdquo;)), or (2)&nbsp;50%
or more of the value of its assets (determined on the basis of a quarterly average) during such year is attributable to assets that produce
or are held for the production of passive income. Certain adverse U.S. federal income tax consequences could apply to a U.S. holder (defined
below) if MYT Netherlands is treated as a PFIC for any taxable year during which such U.S. holder holds equity securities. If a U.S.
holder actually or constructively acquires equity securities resulting in the U.S. holder actually or constructively owning 10% or more
of the combined voting power of MYT Netherlands voting stock or of the total value of our stock, different U.S. federal income tax consequences
may apply.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>The IRS may not agree that MYT Netherlands
is a foreign corporation for U.S. federal tax purposes.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For U.S. federal tax purposes, a corporation
is generally considered to be a foreign corporation if it is organized or incorporated outside of the United States. Because MYT Netherlands
is incorporated under the laws of the Netherlands, it would be classified as a foreign corporation under these rules. Section&nbsp;7874
of the Code provides an exception to this general rule&nbsp;under which a foreign incorporated entity may, in certain circumstances,
be classified as a U.S. corporation for U.S. federal tax purposes.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As part of a prior internal reorganization, and
notwithstanding the fact that MYT Netherlands&rsquo; operating assets were already owned through a foreign corporation, MYT Netherlands
may be considered as a technical matter to have acquired substantially all of the assets indirectly held by of one or more U.S. corporations.
Under Section&nbsp;7874, MYT Netherlands could be treated as a U.S. corporation for U.S. federal tax purposes if the former shareholders
of the U.S. corporations are treated as receiving a requisite ownership&nbsp;percentage of the MYT Netherlands shares &ldquo;by reason
of&rdquo; holding shares of the U.S. corporations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We do not believe that Section&nbsp;7874 caused
MYT Netherlands or any of its affiliates to be treated as a U.S. corporation for U.S. tax purposes as a result of the prior internal
reorganization because, among other things, the requisite ownership test should not be satisfied. However, the law and Treasury Regulations
promulgated under Section&nbsp;7874 are complex and unclear in many regards, and there is limited guidance regarding the application
of Section&nbsp;7874. Moreover, the IRS could assert that subsequent transactions that resulted in ownership changes should be considered
part of the prior internal reorganization and that Section&nbsp;7874 applies to the combined transactions.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Accordingly, there can be no assurance that the
IRS will not challenge the status of MYT Netherlands or the status of any of its foreign affiliates as a foreign corporation under Section&nbsp;7874
or that such challenge would not be sustained by a court. If the IRS were to successfully challenge such status under Section&nbsp;7874,
MYT Netherlands and its affiliates could be subject to substantial additional U.S. federal tax liability. In addition, MYT Netherlands
and certain of its foreign affiliates are expected to be treated as tax residents of countries other than the United States for foreign
tax purposes. Consequently, if MYT Netherlands or any such affiliate is treated as a U.S. corporation for U.S. federal tax purposes under
Section&nbsp;7874, MYT Netherlands or such affiliate could be liable for both U.S. and non-U.S. taxes.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>One or more taxing authorities could challenge
the tax residency of MYT Netherlands, and if such challenge were to be successful, we could be subject to increased and/or different
taxes than we expect.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">MYT
Netherlands became a tax resident in Germany for German tax purposes as of September&nbsp;7, 2020. By reason of MYT Netherlands&rsquo;
incorporation under Dutch law, it is also deemed tax resident in the Netherlands for purposes of the Dutch Dividend Withholding Tax Act
1965 and the Dutch Corporation Tax Act 1969. As long as it continues to have its place of effective management in Germany, and not in
the Netherlands, under the Convention of 2012 between the Federal Republic of Germany and the Netherlands for the avoidance of double
taxation with respect to taxes on income (the &quot;Convention&quot;), MYT Netherlands should be considered to be tax resident exclusively
in Germany. The application of the Convention will change once the Protocol to amend the Convention dated 24 March&nbsp;2021 will enter
into effect on 1 January&nbsp;2023. For MYT Netherlands, the Protocol to amend the Convention dated 24 March&nbsp;2021 will apply in
the Netherlands for the fiscal year starting on 1 July&nbsp;2023, i.e., the first fiscal year following 1 January&nbsp;2023. For MYT
Netherlands, the Protocol to amend the Convention dated 24 March&nbsp;2021, will apply in the Netherlands for the fiscal year starting
on 1 July&nbsp;2023, i.e., the first fiscal year following 1 January&nbsp;2023. Once the Protocol to amend the Convention dated 24 March&nbsp;2021,
is effective, the Dutch tax authorities could try to deny the granting of benefits under the Convention by taking the position that one
of the principal purposes for MYT Netherlands to move its place of effective management to Germany was to obtain the benefits of the
Convention. MYT Netherlands believes that it has strong arguments that the benefits of the Convention cannot be denied under the principal
purpose test of the Protocol to Amend the Convention given the location of relevant activities at the current time. This determination,
however, depends on the relevant facts and circumstances, so there can be no assurance that a court will uphold MYT Netherlands&rsquo;
position, if it is challenged. Furthermore, whether MYT Netherlands has its place of effective management in Germany and is as such tax
resident in Germany is largely a question of fact and degree based on all the circumstances, rather than a question of law, which facts
and degree may also change. Changes to applicable laws or interpretations thereof and changes to applicable facts and circumstances (e.g.,
a change of board members or the place where board meetings take place), may result in MYT Netherlands becoming a tax resident of a jurisdiction
other than Germany, potentially also triggering an exit tax liability in Germany, or in the denial of benefits under the Convention.
These changes could have a material adverse impact on MYT Netherlands&rsquo; financial results and/or the future marketability of MYT
Netherlands&rsquo; ADSs. For further discussion, see &quot;4.2.3.<i>Taxation</i></font> &mdash; <i>German Taxation</i> &mdash; <i>Tax
Residence of MYT Netherlands</i>.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>If MYT Netherlands pays dividends, it may
need to withhold tax on such dividends payable to holders of its equity securities in both Germany and the Netherlands.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As an entity incorporated under Dutch law, but
with its place of effective management in Germany (and not in the Netherlands), MYT Netherlands&rsquo; dividends are generally subject
to German dividend withholding tax and not Dutch withholding tax. However, Dutch dividend withholding tax, in addition to German withholding
tax, will be required to be withheld from dividends if and when paid to Dutch resident holders of MYT Netherlands&rsquo; ADSs (and non-Dutch
resident holders of MYT Netherlands&rsquo; ADSs that have a permanent establishment in the Netherlands to which their shareholding is
attributable). In addition, the Protocol dated March&nbsp;24, 2021 to amend the Convention will enter into effect on 1 January&nbsp;2023
and will for the Netherlands apply to MYT Netherlands for the fiscal year starting on 1 July&nbsp;2023. Starting with 1 July&nbsp;2023,
due to the application of the Protocol, the Dutch tax authorities could take the position that the exemption from Dutch dividend withholding
tax for non-Dutch resident holders of equity securities is not applicable, by taking the position that one of the principal purposes
for MYT Netherlands to move its place of effective management to Germany was to obtain the benefits of the Convention. MYT Netherlands
believes that it has strong arguments that the benefits of the Convention cannot be denied under the principal purpose test of the Protocol
to amend the Convention. This determination, however, depends on the relevant facts and circumstances, so there can be no assurance that
a court will uphold MYT Netherlands&rsquo; position, if it is challenged. MYT Netherlands will be required to identify its shareholders
and/or ADS holders in order to assess whether there are Dutch residents (or non-Dutch residents with a permanent establishment to which
the shares are attributable) in respect of which Dutch dividend tax has to be withheld. Such identification may not always be possible
in practice. If the identity of MYT Netherlands&rsquo; shareholders and/or ADS holders cannot be assessed upon a payment of dividend,
withholding of both German and Dutch dividend tax from such dividend may occur. Non-Dutch resident holders of MYT Netherlands&rsquo;
ADSs may apply for a refund of Dutch dividend tax, if withheld on the distribution.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Holders of our securities may be subject
to limitations on transfer of their securities.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our registrar and transfer agents may close its
transfer books at any time or from time to time when it deems expedient in connection with the performance of its duties. In addition,
our registrar and transfer agents may refuse to deliver, transfer or register transfers of our securities generally when our books or
the books of such registrar and transfer agent are closed, or at any time if we or such registrar and transfer agent deems it advisable
to do so because of any requirement of law or of any government or governmental body, or under any provision of our articles of association,
or for any other reason.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>4.2.3. Taxation</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following summary contains a description
of certain German, Dutch and U.S. federal income tax consequences of the acquisition, ownership and disposition of ADSs, but it does
not purport to be a comprehensive description of all the tax considerations that may be relevant to a decision to purchase ADSs. The
summary is based upon the tax laws of the Federal Republic of Germany and regulations thereunder, the tax laws of the Netherlands and
regulations thereunder and on the tax laws of the United States and regulations thereunder as of the date hereof, which are subject to
change.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>German Taxation</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following discussion addresses certain German
tax consequences of acquiring, owning or disposing of the ADSs. With the exception of the subsection &ldquo;<i>German Taxation of Holders
of ADSs&mdash;Taxation of Holders Tax Resident in Germany</i>&rdquo; below, which provides an overview of dividend taxation to holders
that are residents of Germany, this discussion applies only to U.S. treaty beneficiaries (defined below) that hold ADSs.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This discussion is based on domestic German tax
laws, including, but not limited to, circulars issued by German tax authorities, which are not binding on the German courts, and the
Treaty (defined below). It is based upon tax laws in effect at the time of filing of this prospectus. These laws are subject to change,
possibly with retroactive effect. In addition, this discussion is based upon the assumption that each obligation in the deposit agreement
and any related agreement will be performed in accordance with its terms. It does not purport to be a comprehensive or exhaustive description
of all German tax considerations that may be of relevance in the context of acquiring, owning and disposing of ADSs.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The tax information presented in this section
is not a substitute for tax advice. Holders of ADSs should consult their own tax advisors regarding the German tax consequences of the
purchase, ownership, disposition, donation or inheritance of ADSs in light of their particular circumstances, including the effect of
any state, local, or other foreign or domestic laws or changes in tax law or interpretation. The same applies with respect to the rules&nbsp;governing
the refund of any German dividend withholding tax (<i>Kapitalertragsteuer</i>) withheld. Only an individual tax consultation can appropriately
account for the particular tax situation of each investor.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><b><i>Tax Residence of MYT Netherlands</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">MYT Netherlands operates its business from Germany.
The place of effective management of MYT Netherlands is in Germany as the Management Board of the Company consists entirely of German
residents who work at the German offices of the company, all meetings of the Management Board are held in Germany, a majority of the
other members of senior management are German residents, and MYT Netherlands has its registered address (<i>Gesch&auml;ftsadresse</i>)
and principal place of business in Germany. Since the effective place of management of MYT Netherlands is in Germany, MYT Netherlands
is tax resident in Germany and subject to German income taxes applicable to commercial corporate entities. Nevertheless, the effective
place of management test depends upon facts and circumstances.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><b><i>Taxation of MYT Netherlands</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As MYT Netherlands has its place of management
in Germany, German tax law is applicable to determine the taxable income of MYT Netherlands for German tax purposes and for determining
German withholding tax and tax compliance obligations. As a German tax resident, MYT Netherlands&rsquo; taxable income, whether distributed
or retained, is generally subject to German corporate income tax (<i>K&ouml;rperschaftsteuer</i>) at a uniform rate of 15% plus the solidarity
surcharge (<i>Solidarit&auml;tszuschlag</i>) of 5.5% thereon, resulting in a total corporate income tax rate of 15.825%; and German trade
tax at an individual municipal rate which varies from 7% to about 21% as of June&nbsp;2022.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dividends (<i>Gewinnanteile</i>) and other distributions
received by MYT Netherlands from domestic or foreign corporations are exempt from corporate income tax, inter alia, if MYT Netherlands
held at the beginning of the calendar year at least 10% of the registered share capital (<i>Grundkapital</i>&nbsp;or&nbsp;<i>Stammkapital</i>)
of the distributing corporation which did not deduct the distributions from its own tax base; however, 5% of such revenue is treated
as a non-deductible business expense and, as such, is subject to corporate income tax plus the solidarity surcharge. The acquisition
of a participation of at least 10% in the course of a calendar year is deemed to have occurred at the beginning of such calendar year
for the purpose of this rule. Participations in the share capital of other corporations which MYT Netherlands holds through a partnership,
including co-entrepreneurships (<i>Mitunternehmerschaften</i>), if any, are attributable to MYT Netherlands only on a pro&nbsp;rata basis
at its entitlement to the profits of the relevant partnership. Irrespective of the size of the shareholding, profits earned by MYT Netherlands
from the sale of shares in another domestic or foreign corporation are exempt from corporate income tax; however, 5% of such profits
are treated as non-deductible business expenses, and as such, are subject to corporate income tax plus the solidarity surcharge. Losses
incurred from the sale of such shares are not deductible for German tax purposes.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">MYT Netherlands is subject to trade tax (<i>Gewerbesteuer</i>)
with respect to its taxable trade profit (<i>Gewerbeertrag</i>) from its permanent establishments in local municipalities within Germany
(<i>inl&auml;ndische gewerbesteuerliche Betriebsst&auml;tten</i>). Trade tax is generally based on the taxable income as determined for
corporate income tax purposes taking into account, however, certain add-backs and deductions.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The trade tax rate depends on the local municipalities
in which MYT Netherlands maintains its permanent establishments and varies from 7% to about 21% as of June&nbsp;2022 (the current trade
tax rate for Aschheim, the current place of management of MYT Netherlands, is 10.85%).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dividends received from other corporations and
capital gains from the sale of shares in other corporations are treated in principle in the same manner for trade tax purposes as for
corporate income tax purposes. However, dividends received from domestic and foreign corporations are effectively 95% exempt from trade
tax only if MYT Netherlands held at least 15% of the registered share capital of the distributing corporation at the beginning of the
relevant tax assessment period.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Expenditures for external financing are subject
to the &ldquo;interest barrier&rdquo; (<i>Zinsschranke</i>) rules. When MYT Netherlands calculates its taxable income, the interest barrier
rules&nbsp;generally prevent MYT Netherlands from deducting certain net interest expense, i.e., the excess of interest expense over interest
income for a given fiscal year, exceeding 30% of its taxable EBITDA (taxable earnings adjusted for interest expense, interest income
and certain depreciation/amortization and other reductions) if its net interest expense is, or exceeds, &euro;3&nbsp;million (<i>Freigrenze</i>)
and no other exceptions apply. Special rules&nbsp;apply in the event of external financing undertaken by shareholders or related parties.
Interest expense that is not deductible in a given year may be carried forward to subsequent fiscal&nbsp;years of MYT Netherlands (interest
carryforward) and will increase the interest expense in those subsequent&nbsp;years. EBITDA amounts that could not be utilized may, under
certain conditions, be carried forward into future fiscal&nbsp;years. If such EBITDA carryforward is not used within five fiscal&nbsp;years
it will be forfeited. An EBITDA carryforward that arose in an earlier year must be used before a carryforward that arose in a later year
is used. By the decision dated October&nbsp;14, 2015, the German Federal Fiscal Court (<i>Bundesfinanzhof</i>) submitted to the German
Federal Constitutional Court (<i>Bundesverfassungsgericht</i>) the question as to whether or not the interest barrier rule&nbsp;is unconstitutional.
The final decision on whether the interest barrier rule&nbsp;violates the constitution now lies with the German Federal Constitutional
Court. While a decision has not been issued as of the date of this filing, it may take a few more&nbsp;years until this Court will decide.
For the time being, the interest barrier remains applicable, and tax assessments may be kept open. For the purpose of trade tax, however,
the deductibility of interest expenses is further restricted to the extent that the sum of certain trade taxable add back items exceeds
 &euro;200,000. In such cases, 25% of the interest expenses, to the extent they were deducted for corporate income tax purposes, are added
back for purposes of the trade tax base; consequently, in these cases the deductibility is limited to 75% of the interest expenses.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Expenditures for intercompany financing may be
further disallowed in the previous, current, and future tax periods. On June&nbsp;25, 2021 the German legislator passed a new bill on
the implementation of the EU anti-tax avoidance directive (Directive EU 2016/1164, the &quot;German ATAD Act&quot;) that, among other
things, includes limitations on the tax deductibility of expenses that are caused by hybrid mismatches.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The new limitations on deductibility of expenses
caused by hybrid mismatches (set out in Section&nbsp;4k of the German Income Tax Act (<i>Einkommensteuergesetz</i>)) should only apply
between related parties (as defined in Section&nbsp;1 para. 2 Foreign Tax Act (<i>Au&szlig;ensteuergesetz</i>)) and with regard to structured
arrangements as defined in the new bill. The new rule&nbsp;denies the deductibility</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">of expenses for the use of or in
                                            connection with the transfer of capital assets, if there is either a mismatch of the financing
                                            instrument or a mismatch of the attributed income which results in no / lower taxation at
                                            the recipient level compared to the hypothetical taxation in Germany;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">of
                                            expenses in other deduction/non-inclusion situations if there is a mismatch in the qualification
                                            of the paying entity, unless the same income is provably included in the recipient&rsquo;s
                                            foreign tax base;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">of
                                            expenses in other deduction/non-inclusion situations if there is a mismatch in the qualification
                                            of the receiving entity (so-called reverse hybrid entity);</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">in
                                            double deduction cases, unless the related income is provably included in the same taxpayer&rsquo;s
                                            tax bases both in Germany and abroad; and</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">in
                                            cases where the mismatches occur at a different level but are then imported into Germany,
                                            unless it can be demonstrated that the taxation mismatch has been eliminated.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The new limitations on deductibility of expenses
caused by a hybrid mismatch in general take effect with respect to all expenses of a German taxpayer incurred after December&nbsp;31,
2019. They do not apply to expenses that are legally caused before January&nbsp;1, 2020 and are based on a continuing obligation (<i>Dauerschuldverh&auml;ltnis</i>),
provided that the expenses incurred after December&nbsp;31, 2019 could only have been avoided under significant disadvantages, i.e.,
if the costs for avoiding these expenses after December&nbsp;31, 2019 would exceed the tax benefit caused by the hybrid mismatch. There
are many uncertainties how to apply this exemption. Further, it is currently in discussion whether the retroactive effect of the rules&nbsp;is
in compliance with German constitutional law.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The application of the new rules&nbsp;introduced
by the German ATAD Act, retroactively and going forward, could result in higher taxable income of MYT Netherlands and a higher tax burden
for corporate income tax and trade tax purposes of MYT Netherlands in the previous, current, and future tax periods.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Tax-loss carryforwards can be used to fully offset
taxable income for corporate income tax and trade tax purposes up to an amount of &euro;1&nbsp;million. If the taxable profit for the
year or taxable profit subject to trade taxation exceeds this threshold, only up to 60% of the amount exceeding the threshold may be
offset by tax-loss carryforwards. The remaining 40% is subject to tax (minimum taxation) (<i>Mindestbesteuerung</i>). The rules&nbsp;also
provide for a tax carryback to the previous year with regard to corporate income tax up to an amount of &euro;1&nbsp;million. Due to
the COVID-19 pandemic, the German legislator for the tax years from 2020 until including 2023 extended this threshold to &euro;10 million.
Unused tax-loss carryforwards may be generally carried forward indefinitely and used in subsequent assessment periods to offset future
taxable income in accordance with this rule.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If more than 50% of the subscribed capital or
voting rights of MYT Netherlands are directly or indirectly transferred to an acquirer (including parties related to the acquirer) within
five&nbsp;years or comparable circumstances (including a capital increase of the subscribed capital to the extent that it causes a change
of the interest ratio in the capital of the corporation) occur, all tax loss carryforwards and interest carryforwards are forfeited.
A group of acquirers with aligned interests is also considered to be an acquirer for these purposes. In addition, any current annual
losses incurred prior to the acquisition will not be deductible. This does not apply to share transfers if (i)&nbsp;the purchaser directly
or indirectly holds a participation of 100% in the transferring entity, (ii)&nbsp;the seller indirectly or directly holds a participation
of 100% in the receiving entity, or (iii)&nbsp;the same natural or legal person or commercial partnership directly or indirectly holds
a participation of 100% in the transferring and the receiving entity. Furthermore, tax loss carryforwards, unused current losses and
interest carryforwards taxable in Germany will not expire to the extent that they are covered by built in gains taxable in Germany at
the time of such acquisition. Effective January&nbsp;1, 2016 a new rule&nbsp;was introduced into the German Corporate Income Tax Act
pursuant to which any share transfer that would otherwise be subject to the rules&nbsp;above does not cause the forfeiture of tax loss
carryforwards and interest carryforwards resulting from current business operations (<i>Gesch&auml;ftsbetrieb</i>) of MYT Netherlands,
if appropriate application is made and if the current business operations of MYT Netherlands remained the same (i)&nbsp;from the time
of its establishment; or (ii)&nbsp;during the last three business&nbsp;years prior to the share transfer and such business operations
are maintained after the transfer (&ldquo;Going Concern Tax Loss Carryforward&rdquo;). The determination of whether the business operations
have been maintained is assessed on the basis of qualitative factors, such as the produced goods and services, target markets, client
and supplier bases,&nbsp;etc. However, the tax loss carryforwards and interest carryforwards will be forfeited in any circumstance if,
after the share transfer, the business operations of MYT Netherlands become dormant, are amended, MYT Netherlands becomes a partner in
an operating partnership, MYT Netherlands becomes a fiscal unity parent, or assets are transferred from MYT Netherlands and recognized
at a value lower than the fair market value. This requirement is monitored until the retained tax loss carryforwards and interest carryforwards
have been fully utilized.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Currently, a proceeding is pending at the German
Federal Constitutional Court whether forfeiture upon ownership changes of more than 50% is constitutional or not. Inter alia, in light
of such pending case, the impact of loss forfeiture rules&nbsp;on unutilized losses and interest carryforwards (possibly also EBITDA
carryforwards) currently remains unclear.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><b><i>German Taxation of Holders of
ADSs</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><i>General</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Based on the circular issued by the German Federal
Ministry of Finance (BMF-Schreiben), dated May&nbsp;24, 2013, reference number IV C 1-S2204/12/10003, as amended by the circular dated
December&nbsp;18, 2018 (reference number IV C 1-S 2204/12/10003), in respect of the taxation of American Depositary receipts (&ldquo;ADRs&rdquo;)
on domestic shares (the &ldquo;ADR Tax Circular&rdquo;), for German tax purposes, the ADSs represent a beneficial ownership interest
in the underlying shares of MYT Netherlands and qualify as ADRs for the purpose of the ADR Tax Circular. If the ADSs qualify as ADRs
under the ADR Tax Circular, dividends would accordingly be attributable to holders of the ADSs for German tax purposes, and not to the
legal owner of the ADSs (i.e., the financial institution on behalf of which the ADSs are stored at a domestic depository for the ADS
holders). Furthermore, holders of the ADSs should be treated as beneficial owners of the capital of MYT Netherlands with respect to capital
gains (see below in section &ldquo;&mdash;<i>German Taxation of Capital Gains of the U.S. Treaty Beneficiaries of the ADSs</i>&rdquo;).
However, investors should note that circulars published by the German tax authorities (including the ADR Tax Circular) are not binding
on German courts, including German tax courts, and it is unclear whether a German court would follow the ADR Tax Circular in determining
the German tax treatment of the ADSs.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><i>Taxation of Holders Not Tax Resident
in Germany</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following discussion describes the material
German tax consequences for a holder that is a U.S. treaty beneficiary of acquiring, owning and disposing of the ADSs. For purposes of
this discussion, a &ldquo;U.S. treaty beneficiary&rdquo; is a resident of the United States for purposes of the Convention Between the
United States of America and the Federal Republic of Germany for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion
with Respect to Taxes on Income and Capital and to Certain Other Taxes as of June&nbsp;4, 2008 (<i>Abkommen zwischen der Bundesrepublik
Deutschland und den Vereinigten Staaten von Amerika zur Vermeidung der Doppelbesteuerung und zur Verhinderung der Steuerverk&uuml;rzung
auf dem Gebiet der Steuern vom Einkommen und vom Verm&ouml;gen und einiger anderer Steuern in der Fassung vom 4. Juni 2008</i>) (the
 &ldquo;Treaty&rdquo;), who is fully eligible for benefits under the Treaty.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A holder will be a U.S. treaty beneficiary entitled
to full Treaty benefits in respect of the ADSs if it is, inter alia:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">the beneficial owner of the ADSs
                                            (and the dividends paid with respect thereto);</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">a U.S. holder;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">not also a resident of Germany for
                                            German tax purposes; and</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">not subject to the limitation on
                                            benefits (i.e., anti-treaty shopping) article of the Treaty that applies in limited circumstances.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Special rules&nbsp;apply to pension funds and
certain other tax-exempt investors.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This discussion does not address the treatment
of ADSs that are (i)&nbsp;held in connection with a permanent establishment or fixed base through which a U.S. treaty beneficiary carries
on business or performs personal services in Germany or (ii)&nbsp;part of business assets for which a permanent representative in Germany
has been appointed.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><i>General Rules&nbsp;for
the Taxation of Holders Not Tax Resident in Germany</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The full amount of a dividend distributed by
MYT Netherlands to a non-German resident holder which does not maintain a permanent establishment or other taxable presence in Germany
is subject to (final) German withholding tax at an aggregate rate of 26.375% if and to the extent such dividend is not sourced out of
a tax recognized contribution account (<i>steuerliches Einlagekonto</i>). German withholding tax is withheld and remitted to the German
tax authorities by the disbursing agent (i.e., the German credit institution, financial services institution, securities trading enterprise
or securities trading bank (each as defined in the German Banking Act and in each case including a German branch of a foreign enterprise,
but excluding a foreign branch of a German enterprise)) that holds or administers the underlying shares in custody and disburses or credits
the dividend income from the underlying shares or disburses or credits the dividend income from the underlying shares on delivery of
the dividend coupons or disburses such dividend income to a foreign agent or the central securities depository (<i>Wertpapiersammelbank</i>)
in terms of the German Depositary Act (<i>Depotgesetz</i>) holding the underlying shares in a collective deposit, if such central securities
depository disburses the dividend income from the underlying shares to a foreign agent, regardless of whether a holder must report the
dividend for tax purposes and regardless of whether or not a holder is a resident of Germany.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the Treaty, the German withholding
tax may not exceed 15% of the gross amount of the dividends received by U.S. treaty beneficiaries. The excess of the total withholding
tax, including the solidarity surcharge (<i>Solidarit&auml;tszuschlag</i>), over the maximum rate of withholding tax permitted by the
Treaty is refunded to U.S. treaty beneficiaries upon application. For example, for a declared dividend of 100, a U.S. treaty beneficiary
initially receives 73.625 (100 minus the 26.375% withholding tax including solidarity surcharge). The U.S. treaty beneficiary is entitled
to a partial refund from the German tax authorities in the amount of 11.375% of the gross dividend (of 100). As a result, the U.S. treaty
beneficiary ultimately receives a total of 85 (85% of the declared dividend) following the refund of the excess withholding. Further,
such refund is subject to the German anti-avoidance treaty shopping rule&nbsp;(as described below in section &ldquo;&mdash;<i>Withholding
Tax Refund for U.S. Treaty Beneficiaries</i>&rdquo;).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><i>German Taxation of Capital Gains
of the U.S. Treaty Beneficiaries of the ADSs</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The capital gains from the disposition of the
ADSs realized by a non-German resident holder which does not maintain a permanent establishment or other taxable presence in Germany
would be treated as German source income and be subject to German tax if such holder at any time during the five&nbsp;years preceding
the disposition, directly or indirectly, owned 1% or more of MYT Netherlands&rsquo; share capital irrespective of whether through the
ADSs or shares of MYT Netherlands. If such holder had acquired the ADSs without consideration, the previous owner&rsquo;s holding period
and quota would be taken into account.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the Treaty, U.S. treaty beneficiaries
are not subject to German tax even under the circumstances described in the preceding paragraph and therefore should not be taxed on
capital gains from the disposition of the ADSs.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">German statutory law requires the disbursing
agent to levy withholding tax on capital gains from the sale of ADSs or other securities held in a custodial account in Germany. With
regard to the German taxation of capital gains, disbursing agent means a German credit institution, a financial services institution,
a securities trading enterprise or a securities trading bank (each as defined in the German Banking Act (<i>Kreditwesengesetz</i>) and,
in each case including a German branch of a foreign enterprise, but excluding a foreign branch of a German enterprise) that holds the
ADSs in custody or administers the ADSs for the investor or conducts sales or other dispositions and disburses or credits the income
from the ADSs to the holder of the ADSs. The German statutory law does not explicitly condition the obligation to withhold taxes on capital
gains being subject to taxation in Germany under German statutory law or on an applicable income tax treaty permitting Germany to tax
such capital gains.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">However, a circular issued by the German Federal
Ministry of Finance, dated January&nbsp;18, 2016 (as amended), reference number IV C 1-S2252/08/10004 :017, provides that taxes need
not be withheld when the holder of the custody account is not a resident of Germany for tax purposes and the income is not subject to
German taxation. The circular further states that there is no obligation to withhold such tax even if the non-resident holder owns 1%
or more of the share capital of a German company. While circulars issued by the German Federal Ministry of Finance are only binding on
the German tax authorities but not on the German courts, in practice, the disbursing agents nevertheless typically rely on guidance contained
in such circulars. Therefore, a disbursing agent would only withhold tax at 26.375% on capital gains derived by a U.S. treaty beneficiary
from the sale of ADSs held in a custodial account in Germany in the event that the disbursing agent did not follow the abovementioned
guidance. In this case, the U.S. treaty beneficiary may be entitled to claim a refund of the withholding tax from the German tax authorities
under the Treaty, as described below in the section &ldquo;&mdash;<i>Withholding Tax Refund for U.S. Treaty Beneficiaries</i>.&rdquo;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><i>Withholding Tax Refund for U.S.
Treaty Beneficiaries</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">U.S. treaty beneficiaries are generally eligible
for treaty benefits under the Treaty, as described above in Section&nbsp;&ldquo;&mdash;<i>Taxation of Holders Not Tax Resident in Germany.</i>&rdquo;
Accordingly, U.S. treaty beneficiaries are in general entitled to claim a refund of the portion of the otherwise applicable 26.375% German
withholding tax (including solidarity surcharge) on dividends that exceeds the applicable Treaty rate. However, such refund is only possible,
provided that pursuant to special rules&nbsp;on the restriction of withholding tax credit, the following three cumulative requirements
are met: (i)&nbsp;the shareholder must qualify as beneficial owner of the ADSs for an uninterrupted minimum holding period of 45&nbsp;days
within a period starting 45&nbsp;days prior to and ending 45&nbsp;days after the due date of the dividends, (ii)&nbsp;the shareholder
has to bear at least 70% of the change in value risk related to the ADSs during the minimum holding period as described under (i)&nbsp;of
this paragraph and has not entered into (acting by itself or through a related party) hedging transactions which lower the change in
value risk by more than 30%, and (iii)&nbsp;the shareholder must not be obliged to fully or largely compensate directly or indirectly
the dividends to third parties. If these requirements are not met, then for a shareholder not being tax-resident in Germany who applied
for a full or partial refund of the withholding tax pursuant to a double taxation treaty, no refund is available. This restriction generally
does only apply, if (i)&nbsp;the tax underlying the refund application is below a tax rate of 15% based on the gross amount of the dividends
or capital gains and (ii)&nbsp;the shareholder does not directly own 10% or more in the shares of MYT Netherlands and is subject to income
taxes in its state of residence, without being tax-exempt. In addition to the aforementioned restrictions, in particular, pursuant to
a decree published by the German Federal Ministry of Finance dated July&nbsp;17, 2017 (<i>BMF, Schreiben vom 17.7.2017&mdash;IV C&nbsp;1-S&nbsp;2252/15/10030:05,
DOK 2017/0614356</i>), as amended, the withholding tax credit may also be denied as an anti-abuse measure.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Further, such refund is subject to the German
anti-avoidance treaty shopping rule, which was revised as of June&nbsp;2, 2021 by the Act for the Modernisation of the Relief of Withholding
Taxes and of the Certificate for Capital Withholding Taxes (<i>Gesetz zur Modernisierung der Entlastung von Abzugssteuern und der Bescheinigung
der Kapitalertragsteuer</i>). Generally, the U.S. treaty beneficiary (in case it is a non-German resident company, association of persons,
or an asset pool) shall not be entitled to a treaty benefit, here the tax refund, (i)&nbsp;to the extent its shareholders would not be
entitled to such claim, if they had directly received the (dividend) income, and (ii)&nbsp;to the extent the source of income, here the
shares in the dividend paying entity, has no substantial connection with an economic activity of the foreign company, the association
of persons or asset pool. For purposes of this rule, the generation of the respective income, its transfer to the beneficiaries, as well
as any activity, that is carried out with a business operation that is not appropriately set up for the business purpose, is not deemed
to be an economic activity. As back-exemption to the test under (i)&nbsp;and (ii), the refund will be granted to the extent the non-German
resident company, association of persons or an asset pool can prove that the main purpose of its interposition was not to obtain a tax
benefit, or if the foreign company&rsquo;s principal class of stock is regularly traded in substantial volume on a recognized stock exchange.
Whether or not and to which extent the anti-avoidance treaty shopping rule&nbsp;applies, has to be analyzed on a case by case basis taking
into account all relevant tests. In addition, the interpretation of these Germany anti-avoidance treaty shopping rules&nbsp;are subject
to ongoing discussions and especially for the new rules&nbsp;described above, to date there are no published decisions of the German
Federal Finance Court.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The aforementioned refund or reduction of German
withholding tax under the Treaty requires the investor to make tax filings with the competent German tax office using a withholding tax
certificate issued under German law by the agent, who has withheld and remitted the withholding tax (the Paying Agent). If the depositary
operates an interface with DTC, it should have under regular circumstances sufficient information about the identity of the ADS holder
so that a tax reclaim process can be filed with the competent German tax office and a withholding tax certificate can be issued to the
ADS holder. In the absence of such withholding tax certificate, an ADS holder will not be entitled to receive a tax refund from the German
tax authorities and may not credit the German withholding tax against its tax liability.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Claims for refunds may be made on a separate
form, which must be filed with the German Federal Central Tax Office (Bundeszentralamt f&uuml;r Steuern, An der K&uuml;ppe 1, 53225 Bonn,
Germany). The form is available at the same address, on the German Federal Central Tax Office&rsquo;s website (<u>www.bzst.de</u>). The
refund claim becomes time-barred after four&nbsp;years following the calendar year in which the dividend is received unless the commencement
starts later, the period is interrupted or suspended. As described above, an investor must submit to the German tax authorities the original
withholding tax certificate (or a certified copy thereof) issued by the Paying Agent and documenting the tax withheld. Furthermore, an
official certification of tax residency must be submitted.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under a simplified refund procedure based on
electronic data exchange (<i>Datentr&auml;gerverfahren</i>), a paying or disbursing agent that is registered as a participant in the
electronic data exchange procedure with the German Federal Central Tax Office (<i>Bundeszentralamt f&uuml;r Steuern</i>) may file an
electronic collective refund claim on behalf of all of the ADS holders for whom it holds the company&rsquo;s ADSs in custody. However,
the simplified refund procedure only allows for a refund up to the regular tax rate provided in the Treaty. It is not possible to use
the simplified refund procedure to claim a further refund, for example based on special privileges under a Treaty.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><i>Taxation of Holders Tax Resident
in Germany</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This subsection provides an overview of dividend
taxation with regard to the general principles applicable to MYT Netherlands&rsquo; holders that are tax resident in Germany. A holder
is a German tax resident if, in case of an individual, he or she maintains a domicile (<i>Wohnsitz</i>) or a usual residence (<i>gew&ouml;hnlicher
Aufenthalt</i>) in Germany or if, in case of a corporation, it has its place of management (<i>Gesch&auml;ftsleitung</i>) or registered
office (<i>Sitz</i>) in Germany.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The German dividend and capital gains taxation
rules&nbsp;applicable to German tax residents require a distinction between ADSs held as private assets (<i>Privatverm&ouml;gen</i>)
and ADSs held as business assets (<i>Betriebsverm&ouml;gen</i>).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><i>ADSs as Private Assets (Privatverm&ouml;gen)</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If the ADSs are held as private assets by a German
tax resident, dividends (to the extent such dividends are not sourced out of a tax recognized contribution account) and capital gains
are taxed as investment income and are principally subject to 25% German flat income tax on capital income (<i>Abgeltungsteuer</i>) (plus
a 5.5% solidarity surcharge thereon, resulting in an aggregate rate of 26.375%), which is levied in the form of withholding tax (<i>Kapitalertragsteuer</i>).
In other words, once deducted, the shareholder&rsquo;s income tax liability on the dividends will be settled (<i>mit abgeltender Wirkung</i>).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Shareholders may apply to have their capital
investment income assessed in accordance with the general rules&nbsp;and with an individual&rsquo;s personal income tax rate if this
would result in a lower tax burden in which case actually incurred expenses are not deductible. The holder would be taxed on gross personal
investment income (including dividends or gains with respect to ADSs), less the saver&rsquo;s allowance of &euro;801 for an individual
or &euro;1,602 for a married couple and a registered civil union (<i>eingetragene Lebenspartnerschaft</i>) filing taxes jointly. The
deduction of expenses related to the investment income (including dividends or gains with respect to ADSs) is generally not possible
for private investors.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Losses resulting from the disposal of ADSs can
only be offset by capital gains from the sale of any ADSs and other shares. Furthermore, in case of a derecognition or transfer of worthless
ADSs (or other capital assets), the utilization of such loss is further restricted and can only be offset up to the amount of &euro;20,000
per calendar year. If, however, a holder directly or indirectly held at least 1% of the share capital of MYT Netherlands at any time
during the five&nbsp;years preceding the sale, 60% of any capital gains resulting from the sale are taxable at the holder&rsquo;s personal
income tax rate (plus 5.5% solidarity surcharge thereon). Conversely, 60% of any capital losses are recognized for tax purposes.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Church tax generally has to be withheld, if applicable,
based on an automatic data access procedure, unless the shareholder has filed a blocking notice (<i>Sperrvermerk</i>) with the Federal
Central Tax Office. Where church tax is not levied by way of withholding, it is determined by means of income tax assessment.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><i>ADSs as Business Assets (Betriebsverm&ouml;gen)</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In case the ADSs are held as business assets,
the taxation depends on the legal form of the holder (i.e., whether the holder is a corporation or an individual). Irrespective of the
legal form of the holder, dividends (to the extent such dividends are not sourced out of a tax recognized contribution account) are subject
to the aggregate withholding tax rate of 26.375%. The withholding tax is credited against the respective holder&rsquo;s income tax liability,
provided that pursuant to special rules&nbsp;on the restriction of withholding tax credit, the following three cumulative requirements
are met: (i)&nbsp;the shareholder must qualify as beneficial owner of the ADSs for an uninterrupted minimum holding period of 45&nbsp;days
occurring within a period starting 45&nbsp;days prior to and ending 45&nbsp;days after the due date of the dividends, (ii)&nbsp;the shareholder
has to bear at least 70% of the change in value risk related to the ADSs during the minimum holding period as described under (i)&nbsp;of
this paragraph and has not entered into (acting by itself or through a related party) hedging transactions which lower the change in
value risk for more than 30%, and (iii)&nbsp;the shareholder must not be obliged to fully or largely compensate directly or indirectly
the dividends to third parties. If these requirements are not met, three-fifths of the withholding tax imposed on the dividends must
not be credited against the shareholder&rsquo;s (corporate) income tax liability, but may, upon application, be deducted from the shareholder&rsquo;s
tax base for the relevant tax assessment period. Such requirements also apply to ADSs, which lead to domestic income in Germany and which
are held by a non-German depositary bank. A shareholder that is generally subject to German income tax or corporate income tax and that
has received gross dividends without any deduction of withholding tax due to a tax exemption without qualifying for a full tax credit
under the aforementioned requirements has to notify the competent local tax office accordingly and has to make a payment in the amount
of the omitted withholding tax deduction. The special rules&nbsp;on the restriction of withholding tax credit do not apply to a shareholder
whose overall dividend earnings within an assessment period do not exceed &euro;20,000 or that has been the beneficial owner of the ADSs
in MYT Netherlands for at least one uninterrupted year upon receipt of the dividends. In addition to the aforementioned restrictions,
in particular, pursuant to a decree published by the German Federal Ministry of Finance dated July&nbsp;17, 2017 (<i>BMF, Schreiben vom
17.7.2017&mdash;IV C 1-S 2252/15/10030:05, DOK&nbsp;2017/0614356</i>), as amended, the withholding tax credit may also be denied as an
anti-abuse measure.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">To the extent the amount withheld exceeds the
income tax liability, the withholding tax will be refunded, provided that certain requirements are met (including the aforementioned
requirements).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Special rules&nbsp;apply to credit institutions
(<i>Kreditinstitute</i>), financial services institutions (<i>Finanzdienstleistungsinstitute</i>), financial enterprises (<i>Finanzunternehmen</i>),
life insurance and health insurance companies, and pension funds.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">With regard to holders in the legal form of a
corporation, dividends and capital gains are in general 95% tax exempt from corporate income tax (including solidarity surcharge), inter
alia, if the shareholder held at least 10% of the registered share capital of MYT Netherlands at the beginning of the calendar year.
The remaining 5% is treated as non-deductible business expense and, as such, is subject to corporate income tax (including solidarity
surcharge). The acquisition of a participation of at least 10% in the course of a calendar year is deemed to have occurred at the beginning
of such calendar year for the purpose of this rule. Participations in the share capital of MYT Netherlands held through a partnership,
including co-entrepreneurships, are attributable to the respective shareholders only on a pro&nbsp;rata basis at the ratio of their entitlement
to the profits of the relevant partnership. Moreover, actual business expenses incurred to generate the dividends may be deducted.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">However, the amount of any dividends after deducting
business expenses related to the dividends is subject to the trade tax, unless the corporation held at least 15% of MYT Netherlands&rsquo;
registered share capital at the beginning of the relevant tax assessment period. In the latter case, the aforementioned exemption of
95% of the dividend income also applies for trade tax purposes. Losses from the sale of ADSs are generally not tax deductible for corporate
income tax and trade tax purposes.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">With regard to individuals holding ADSs as business
assets, 60% of dividends and capital gains are taxed at the individual&rsquo;s personal income tax rate (plus 5.5% solidarity surcharge
thereon). Correspondingly, only 60% of business expenses related to the dividends and capital gains as well as losses from the sale of
ADSs are principally deductible for income tax purposes.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If a shareholder is a partnership, the personal
income tax or corporate income tax, as the case may be, and the solidarity surcharge are levied at the level of each partner rather than
at the level of the partnership. The taxation of each partner depends upon whether the partner is a corporation or an individual.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, if the shares are held as business
assets of a domestic permanent establishment of an actual or presumed commercial partnership, the full amount of dividend income is generally
also subject to trade tax at the level of the partnership. In the case of partners who are individuals, the trade tax that the partnership
pays on the relevant partner&rsquo;s portion of the partnership&rsquo;s income is generally credited as a lump sum&mdash;fully or in
part against the individual&rsquo;s personal income tax liability, depending on the tax rate imposed by the local municipality and certain
individual tax-relevant circumstances of such shareholder. If the partnership held at least 15% of the Company&rsquo;s registered share
capital at the beginning of the relevant tax assessment period, the dividends (after deduction of business expenses economically related
thereto) should generally not be subject to trade tax. In this case, trade tax should, however, be levied on 5% of the dividends to the
extent they are attributable to the profit share of such corporate partners to whom at least 10% of the shares in the Company are attributable
on a look-through basis, since this portion of the dividends should be deemed to be non-deductible business expenses. The remaining portion
of the dividend income attributable to partners other than such specific corporate partners (which includes individual partners and should,
according to a literal reading of the law, also include corporate partners to whom, on a look-through basis, only portfolio participations
are attributable) should not be subject to trade tax.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><i>Abolishment of Solidarity Surcharge</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">According to a new bill of the German legislator,
the solidarity surcharge will be partially abolished as of the assessment period 2021 for certain taxpayers. It is, however, currently
not envisaged to abolish the solidarity surcharge with respect to withholding taxes on dividends or interest.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><b><i>German Inheritance and Gift
Tax (Erbschaft- und Schenkungsteuer)</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The transfer of ADSs to another person by inheritance
or gift should be generally subject to German inheritance and gift tax only if:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">(1)</td><td style="text-align: justify">the decedent or donor or heir, beneficiary
                                            or other transferee maintained his or her domicile or a usual residence in Germany or had
                                            its place of management or registered office in Germany at the time of the transfer, or is
                                            a German citizen who has spent no more than five consecutive&nbsp;years outside of Germany
                                            without maintaining a domicile in Germany or is a German citizen who serves for a German
                                            entity established under public law and is remunerated for his or her service from German
                                            public funds (including family members who form part of such person&rsquo;s household, if
                                            they are German citizens) and is only subject to estate or inheritance tax in his or her
                                            country of domicile or usual residence with respect to assets located in such country (special
                                            rules&nbsp;apply to certain former German citizens who neither maintain a domicile nor have
                                            their usual residence in Germany);</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">(2)</td><td style="text-align: justify">at the time of the transfer, the ADSs
                                            are held by the decedent or donor as business assets forming part of a permanent establishment
                                            in Germany or for which a permanent representative in Germany has been appointed; or</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">(3)</td><td style="text-align: justify">the ADSs subject to such transfer form
                                            part of a portfolio that represents at the time of the transfer 10% or more of the registered
                                            share capital of MYT Netherlands and that has been held directly or indirectly by the decedent
                                            or donor, either alone or together with related persons.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Agreement between the Federal Republic of Germany and the United States of America for the avoidance of double taxation with respect
to taxes on inheritances and gifts as of December&nbsp;21, 2000 (<i>Abkommen zwischen der Bundesrepublik Deutschland und den Vereinigten
Staaten von Amerika zur Vermeidung der Doppelbesteuerung auf dem Gebiet der Nachlass-, Erbschaft- und Schenkungssteuern in der Fassung
vom 21. </i></font><i>Dezember 2000</i>) (the &ldquo;United States-Germany Inheritance and Gifts Tax Treaty&rdquo;), provides that the
German inheritance tax or gift tax can, with certain restrictions, only be levied in the cases of (1)&nbsp;and (2)&nbsp;above. Special
provisions apply to certain German citizens living outside of Germany and former German citizens.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><b><i>Other Taxes</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">No German transfer tax, value-added tax, stamp
duty or similar taxes are assessed on the purchase, sale or other transfer of ADSs. Provided that certain requirements are met, an entrepreneur
may, however, opt for the payment of value-added tax on transactions that are otherwise tax-exempt. Net wealth tax (<i>Verm&ouml;gensteuer</i>)
is currently not imposed in Germany. Certain member states of the European Union (including Germany) are considering introducing a financial
transaction tax (<i>Finanztransaktionssteuer</i>) which, if and when introduced, may also be applicable on sales and/or transfer of ADSs.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Netherlands Tax Considerations</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><b><i>General</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following is a summary of material Netherlands
tax consequences of the acquisition, ownership and disposal of our ADSs. This summary does not purport to describe all possible tax considerations
or consequences that may be relevant to all categories of investors, some of which may be subject to special treatment under applicable
law (such as trusts or other similar arrangements), and in view of its general nature, it should be treated with corresponding caution.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Holders should consult with their tax advisors
with regard to the tax consequences of investing in the ADSs in their particular circumstances. The discussion below is included for
general information purposes only. In general, for Dutch tax purposes, beneficial owners of ADSs should be treated as the beneficial
owners of the capital of MYT Netherlands represented by such ADSs.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Please note that this summary does not describe
the tax considerations for:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">(1)</td><td style="text-align: justify">holders of ADSs, if such holders, and
                                            in the case of individuals, his/her partner or certain of their relatives by blood or marriage
                                            in the direct line (including foster children), have a substantial interest or deemed substantial
                                            interest in us under the Netherlands Income Tax Act 2001 (<i>Wet inkomstenbelasting</i>&nbsp;2001).
                                            A holder of securities in a company is considered to hold a substantial interest in such
                                            company if such holder alone or, in the case of individuals, together with his/her partner
                                            (statutorily defined term), directly or indirectly holds (i)&nbsp;an interest of 5% or more
                                            of the total issued and outstanding capital of that company or of 5% or more of the issued
                                            and outstanding capital of a certain class of shares of that company; (ii)&nbsp;rights to
                                            acquire, directly or indirectly, such interest; or (iii)&nbsp;certain profit sharing rights
                                            in that company that relate to 5% or more of the company&rsquo;s annual profits and/or to
                                            5% or more of the company&rsquo;s liquidation proceeds. A deemed substantial interest may
                                            arise if a substantial interest (or part thereof) in a company has been disposed of, or is
                                            deemed to have been disposed of, on a non-recognition basis;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">(2)</td><td style="text-align: justify">a holder of an ADS that is not an individual
                                            for which its shareholdings qualify or qualified as a participation for purposes of the Netherlands
                                            Corporate Income Tax Act 1969 (<i>Wet op de vennootschapsbelasting</i>&nbsp;1969). A taxpayer&rsquo;s
                                            shareholding of 5% or more in a company&rsquo;s nominal paid-up share capital generally qualifies
                                            as a participation. A holder may also have a participation if such holder does not have a
                                            5% shareholding but a related entity (statutorily defined term) has a participation or if
                                            the company in which the shares are held is a related entity (statutorily defined term);</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">(3)</td><td style="text-align: justify">holders of ADSs who are individuals
                                            for whom the ADSs or any benefit derived from the ADSs are a remuneration or deemed to be
                                            a remuneration for (employment) activities performed by such holders or certain individuals
                                            related to such holders (as defined in the Netherlands Income Tax Act 2001); and</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">(4)</td><td style="text-align: justify">pension funds, investment institutions
                                            (<i>fiscale beleggingsinstellingen</i>), exempt investment institutions (<i>vrijgestelde
                                            beleggingsinstellingen</i>) and other entities that are, in whole or in part, not subject
                                            to or exempt from corporate income tax in the Netherlands.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Except as otherwise indicated, this summary only
addresses Netherlands national tax legislation and published regulations, whereby the Netherlands and Netherlands law means the part
of the Kingdom of the Netherlands located in Europe and its law respectively, as in effect on the date hereof and as interpreted in published
case law until this date as available in printed form, without prejudice to any amendment introduced (or to become effective) at a later
date and/or implemented with or without retroactive effect. The applicable tax laws or interpretations thereof may change, or the relevant
facts and circumstances may change, and such changes may affect the contents of this section, which will not be updated to reflect any
such changes.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><b><i>Dividend withholding tax</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">MYT Netherlands is required to withhold Dutch
dividend withholding tax at a rate of 15% from dividends distributed by it (which withholding tax will not be borne by MYT Netherlands,
but will be withheld by MYT Netherlands from the gross dividends paid). However, as long as it continues to have its place of effective
management in Germany, and not in the Netherlands, under the Convention between Germany and the Netherlands for the avoidance of double
taxation with respect to taxes on income of 2012, MYT Netherlands should be considered to be exclusively tax resident in Germany and
should not be required to withhold Dutch dividend withholding tax. The exemption from Dutch dividend withholding tax under the Convention
does not apply to dividends distributed to a holder who is resident or deemed to be resident in the Netherlands for Dutch income tax
purposes or Dutch corporate income tax purposes or to holders of ADSs that neither resident nor deemed to be resident of the Netherlands
if the ADSs are attributable to a Netherlands permanent establishment of such non-resident holder. The application of the Convention
will change once the Protocol to amend the Convention dated March&nbsp;24, 2021 enters into effect and becomes applicable. The Protocol
to amend the Convention dated 24 March&nbsp;2021 will enter into effect on 1 January&nbsp;2023. For MYT Netherlands, the Protocol to
amend the Convention dated 24 March&nbsp;2021 will for the Netherlands apply for the fiscal year starting on 1 July&nbsp;2023, i.e.,
the first fiscal year following 1 January&nbsp;2023. Following this change, the Dutch tax authorities could take the position that the
exemption from Dutch dividend withholding tax for non-Dutch resident ADS holders under the Convention should be denied pursuant to the
principal purpose test of the Protocol to amend the Convention. MYT Netherlands believes that it has strong arguments that the benefits
of the Convention cannot be denied under the principal purpose test of the Protocol to amend the Convention. This determination, however,
depends on the relevant facts and circumstances, so there can be no assurance that a court will upheld MYT Netherlands' position, if
it is challenged.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dividends distributed by MYT Netherlands to individuals
and corporate legal entities who are resident or deemed to be resident in the Netherlands for Netherlands tax purposes (&ldquo;Netherlands
Resident Individuals&rdquo; and &ldquo;Netherlands Resident Entities&rdquo; as the case may be) or to holders of ADSs that are neither
resident nor deemed to be resident of the Netherlands if the ADSs are attributable to a Netherlands permanent establishment of such non-resident
holder are subject to Netherlands dividend withholding tax at a rate of 15%. The expression &ldquo;dividends distributed&rdquo; includes,
among other things:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">distributions in cash or in kind,
                                            deemed and constructive distributions and repayments of paid-in capital not recognized for
                                            Netherlands dividend withholding tax purposes;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">liquidation proceeds, proceeds of
                                            redemption of ordinary shares, or proceeds of the repurchase of ordinary shares by MYT Netherlands
                                            or one of its subsidiaries or other affiliated entities to the extent such proceeds exceed
                                            the average paid-in capital of those ordinary shares as recognized for purposes of Netherlands
                                            dividend withholding tax, unless, in case of a repurchase, a particular statutory exemption
                                            applies;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">an amount equal to the par value
                                            of ordinary shares issued or an increase of the par value of ordinary shares, to the extent
                                            that it does not appear that a contribution, recognized for purposes of Netherlands dividend
                                            withholding tax, has been made or will be made; and</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">partial repayment of the paid-in
                                            capital, recognized for purposes of Netherlands dividend withholding tax, if and to the extent
                                            that MYT Netherlands has net profits (<i>zuivere winst</i>), unless the holders of ordinary
                                            shares have resolved in advance at a general meeting to make such repayment and the par value
                                            of the ordinary shares concerned has been reduced by an equal amount by way of an amendment
                                            of our articles of association.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Netherlands Resident Individuals and Netherlands
Resident Entities can generally credit the Netherlands dividend withholding tax against their income tax or corporate income tax liability.
The same applies to holders of ADSs that are neither resident nor deemed to be resident of the Netherlands if the ADSs are attributable
to a Netherlands permanent establishment of such non-resident holder.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to legislation to counteract &ldquo;dividend
stripping,&rdquo; a reduction, exemption, credit or refund of Netherlands dividend withholding tax is denied if the recipient of the
dividend is not the beneficial owner as described in the Netherlands Dividend Withholding Tax Act 1965. This legislation targets situations
in which a shareholder retains its economic interest in shares but reduces the withholding tax costs on dividends by a transaction with
another party. It is not required for these rules&nbsp;to apply that the recipient of the dividends is aware that a dividend stripping
transaction took place.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><b><i>Taxes on income and capital
gains</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Netherlands Resident Individuals</u></i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If a holder of ADSs is a Netherlands Resident
Individual, any benefit derived or deemed to be derived from the ADSs is taxable at the progressive income tax rates (with a maximum
of 49.5%, rate for 2021 and 2022), if:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">(a)</td><td style="text-align: justify">the ADSs are attributable to an enterprise
                                            from which the Netherlands Resident Individual derives a share of the profit, whether as
                                            an entrepreneur or as a person who has a co-entitlement to the net worth (<i>medegerechtigd
                                            tot het vermogen</i>) of such enterprise, without being an entrepreneur or a shareholder
                                            in such enterprise, as defined in the Netherlands Income Tax Act 2001; or</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">(b)</td><td style="text-align: justify">the holder of the ADSs is considered
                                            to perform activities with respect to the ADSs shares that go beyond ordinary asset management
                                            (<i>normaal, actief vermogensbeheer</i>) or derives benefits from the ADSs that are taxable
                                            as benefits from other activities (<i>resultaat uit overige werkzaamheden</i>).</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If the above-mentioned conditions (a)&nbsp;and
(b)&nbsp;do not apply to the individual holder of ADSs, the ADSs are recognized as investment assets and included as such in such holder&rsquo;s
net investment asset base (<i>rendementsgrondslag</i>). Such holder will be taxed annually on a deemed income that is calculated based
on a variable return between 1.898% and 5.69% in 2021 and 1.818% and 5.53% in 2022 (depending upon the amount of such holder&rsquo;s
net investment assets for the year) of his or her net investment assets for the year at an income tax rate of 31% (rate for 2021 and
2022). The net investment assets for the year are the fair market value of the investment assets less the allowable liabilities on January&nbsp;1
of the relevant calendar year. A tax free allowance may be available. Actual benefits derived from the ADSs are as such not subject to
Netherlands income tax.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Netherlands Resident Entities</u></i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Any benefit derived or deemed to be derived from
the ADSs held by Netherlands Resident Entities, including any capital gains realized on the disposal thereof, will be subject to Netherlands
corporate income tax at a rate of 25% in 2021 and 25.8% in 2022 (a corporate income tax rate of 15% applies with respect to taxable profits
up to &euro;245,000 in 2021 and &euro;395,000 in 2022).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Non-residents of the Netherlands</u></i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Holders of ADSs other than Netherlands Resident
Individuals or Netherlands Resident Entities will not be subject to Netherlands taxes on any benefits derived or deemed to be derived
from ADSs shares, provided that:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">(i)</td><td style="text-align: justify">such holder does not have an interest
                                            in an enterprise or a deemed enterprise (statutorily defined term) which, in whole or in
                                            part, is either effectively managed in the Netherlands or is carried out through a permanent
                                            establishment, a deemed permanent establishment or a permanent representative in the Netherlands
                                            and to which enterprise or part of an enterprise the ADSs are attributable; and</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">(ii)</td><td style="text-align: justify">in the event such holder is an individual,
                                            such holder does not carry out any activities in the Netherlands with respect to the ADSs
                                            shares that go beyond ordinary asset management and does not derive benefits from the ADSs
                                            that are taxable as benefits from other activities in the Netherlands.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><b><i>Gift and inheritance taxes</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Residents of the Netherlands</u></i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Gift and inheritance taxes will arise in the
Netherlands with respect to a transfer of the ADSs by way of a gift by, or on the death of, a holder of ADSs who is resident or deemed
to be resident in the Netherlands at the time of the gift or his/her death.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Non-residents of the Netherlands</u></i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">No Netherlands gift or inheritance taxes will
arise on the transfer of the ADSs by way of gift by, or on the death of, a holder of ADSs who is neither resident nor deemed to be resident
in the Netherlands, unless:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">(i)</td><td style="text-align: justify">in the case of a gift of ADSs by an
                                            individual who at the date of the gift was neither resident nor deemed to be resident in
                                            the Netherlands, such individual dies within 180&nbsp;days after the date of the gift, while
                                            being resident or deemed to be resident in the Netherlands; or</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">(ii)</td><td style="text-align: justify">the transfer is otherwise construed
                                            as a gift or inheritance made by, or on behalf of, a person who, at the time of the gift
                                            or death, is or is deemed to be resident in the Netherlands.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For purposes of Netherlands gift and inheritance
taxes, amongst others, a person that holds the Netherlands nationality will be deemed to be resident in the Netherlands if such person
has been resident in the Netherlands at any time during the ten&nbsp;years preceding the date of the gift or his/her death. Additionally,
for purposes of Netherlands gift tax, amongst others, a person not holding the Netherlands nationality will be deemed to be resident
in the Netherlands if such person has been resident in the Netherlands at any time during the twelve&nbsp;months preceding the date of
the gift. Applicable tax treaties may override deemed residency.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><b><i>Other taxes and duties</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">No Netherlands value added tax (<i>omzetbelasting</i>)
and no Netherlands registration tax, stamp duty or any other similar documentary tax or duty will be payable by a holder of ADSs on any
payment in consideration for the acquisition, ownership or disposal of the ADSs.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>U.S. Taxation</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Subject to the limitations and qualifications
stated herein, this section describes the material U.S. federal income tax consequences to U.S. holders (as defined below) of the ownership
and disposition of ADSs. This summary is not a comprehensive description of all U.S. tax considerations that may be relevant to a particular
person&rsquo;s decision to acquire ADSs. This summary applies only to U.S. holders that acquired ADSs for cash and hold the ADSs as capital
assets within the meaning of Section&nbsp;1221 of the Code. This discussion addresses only U.S. federal income taxation and does not
discuss all of the tax consequences that may be relevant to you in light of your individual circumstances, including non-U.S., state
or local tax consequences, estate and gift tax consequences, and tax consequences arising under the Medicare contribution tax on net
investment income, the alternative minimum tax, or the base erosion and anti-abuse tax under Section&nbsp;59A of the Code. This summary
does not describe all the tax consequences that may be relevant to any particular investor or to any special class of holder, including:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">a broker or dealer in securities,</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">a trader in securities that elects
                                            to use a mark-to-market method of accounting for securities holdings,</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">a tax-exempt organization or governmental
                                            organization,</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">a tax-qualified retirement plan or
                                            other tax-deferred account,</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">a bank, insurance company or other
                                            financial institution,</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">a real estate investment trust or
                                            regulated investment company,</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">a person that actually or constructively
                                            owns 10% or more of the combined voting power of our voting stock or of the total value of
                                            our stock,</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">a person that holds ADSs as part
                                            of a straddle, hedging, conversion, or other &ldquo;integrated&rdquo; transaction,</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">a person that purchases or sells
                                            ADSs as part of a wash sale for tax purposes,</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">a U.S. holder (as defined below)
                                            whose functional currency is not the U.S. Dollar,</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">a U.S. expatriate or former citizen
                                            or long-term resident of the United States,</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">persons that are resident or ordinarily
                                            resident in or have a permanent establishment in a jurisdiction outside the United States,</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">a person who acquired ADSs pursuant
                                            to the exercise of any employee stock option or otherwise as compensation,</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">a corporation that accumulates earnings
                                            to avoid U.S. federal income tax,</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">an S corporation, partnership or
                                            other entity or arrangement treated as a partnership or other &ldquo;pass-through&rdquo;
                                            entity for U.S. federal income tax purposes (and investors therein),</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">a person deemed to sell ADSs under
                                            the constructive sale provisions of the Code, and</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">a person subject to special tax accounting
                                            rules&nbsp;as a result of any item of gross income with respect to the ADSs being taken into
                                            account in an applicable financial statement.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This discussion is based on the tax laws of the
United States as in effect on the date of this report, including the Code, and U.S. Treasury regulations in effect or, in some cases,
proposed, as of the date of this offering, the Treaty, as well as judicial and administrative interpretations thereof available on or
before such date. All of the foregoing authorities are subject to change, and any such change could apply retroactively and could affect
the U.S. federal income tax consequences described below. The statements in this summary are not binding on the U.S. Internal Revenue
Service (the &ldquo;IRS&rdquo;) or any court, and thus we can provide no assurance that the U.S. federal income tax consequences discussed
below will not be challenged by the IRS or will be sustained by a court if challenged by the IRS. In addition, this discussion is based
in part upon the representations of the depositary in the deposit agreement and the assumption that each obligation in the deposit agreement
and any related agreement are being performed in accordance with its terms. See &ldquo;<i>Item 12.D - American Depositary Shares</i>&rdquo;
and the form of deposit agreement incorporated by reference as Exhibit&nbsp;2.1 to this report.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If an entity or arrangement that is treated as
a partnership for U.S. federal income tax purposes holds the ADSs, the U.S. federal income tax treatment of a partner will generally
depend on the status of the partner and the tax treatment of the partnership. Partnerships holding the ADSs and partners in such a partnership
should consult their tax advisors with regard to the U.S. federal income tax treatment of an investment in the ADSs.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As used herein, the term &ldquo;U.S. holder&rdquo;
means a beneficial owner of ADSs that, for U.S. federal income tax purposes, is or is treated as:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">a citizen or resident of the United
                                            States,</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">a corporation created or organized
                                            in or under the laws of the United States, any state thereof or the District of Columbia,</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">an estate whose income is subject
                                            to U.S. federal income tax regardless of its source, or</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">a trust that (1)&nbsp;is subject
                                            to the supervision of a court within the United States and the control of one or more U.S.
                                            persons or (2)&nbsp;has a valid election in effect under applicable U.S. Treasury regulations
                                            to be treated as a U.S. person.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In general, and taking into account the foregoing
assumptions, for U.S. federal income tax purposes, a holder of ADSs will be treated as the owner of the shares represented by those ADSs.
Exchanges of shares for ADSs, and ADSs for shares, generally will not be subject to U.S. federal income tax.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The United States Treasury has expressed concerns
that intermediaries in the chain or ownership between the holder of an ADS and the issuer of the underlying ordinary shares may be taking
actions that are inconsistent with the beneficial ownership of the underlying ordinary shares. Accordingly, the creditability of foreign
tax credits by U.S. Holders of ADSs or the availability of the reduced tax rate for dividends received by certain non-corporate U.S.
Holders could be affected by actions taken by intermediaries in the chain or ownership between the holder of an ADS and the Company.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>You should consult your tax advisor regarding
the U.S. federal, state and local tax consequences of owning and disposing of shares and ADSs in your particular circumstances.</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><b><i>Tax Status of MYT Netherlands
for U.S. Federal Tax Purposes</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For U.S. federal tax purposes, a corporation
is generally considered to be a foreign corporation if it is organized or incorporated outside of the United States. Because MYT Netherlands
is incorporated under the laws of the Netherlands, it would be classified as a foreign corporation under these rules. Section&nbsp;7874
of the Code provides an exception to this general rule&nbsp;under which a foreign incorporated entity may, in certain circumstances,
be classified as a U.S. corporation for U.S. federal tax purposes.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under Section&nbsp;7874, a corporation created
or organized outside the U.S. (i.e., a foreign corporation) will nevertheless be treated as a U.S. corporation for U.S. federal tax purposes
if (i)&nbsp;the foreign corporation directly or indirectly acquires substantially all of the properties held directly or indirectly by
a U.S. corporation (the &ldquo;Substantially All Test&rdquo;), (ii)&nbsp;the former shareholders of the U.S. corporation from which the
assets are acquired hold at least 80% (by either vote or value) of the shares of the foreign acquiring corporation after the acquisition
by reason of holding shares in the U.S. corporation from which the assets are acquired (the &ldquo;Ownership Test&rdquo;), and (iii)&nbsp;the
foreign corporation&rsquo;s &ldquo;expanded affiliated group&rdquo; does not have substantial business activities in the foreign corporation&rsquo;s
country of organization or incorporation relative to such expanded affiliated group&rsquo;s worldwide activities. If all of the aforementioned
requirements are not satisfied, but would be satisfied if 80% was substituted for 60% in the Ownership Test, the foreign corporation
is respected as a foreign corporation for U.S. federal tax purposes but limitations under Section&nbsp;7874 can apply (the &ldquo;Additional
Limitations&rdquo;).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In July&nbsp;2019, MYT Netherlands was a party
to an internal &ldquo;foreign-to-foreign&rdquo; Section&nbsp;368(a)(1)(F)&nbsp;reorganization (the &ldquo;F Reorganization&rdquo;), and
notwithstanding the fact that its operating assets were both non-U.S. and already owned through a foreign corporation prior to the F
Reorganization, the IRS could assert that the Substantially All Test was satisfied. Even if such an assertion were to be successful,
however, we do not believe that such F Reorganization caused MYT Netherlands (or any of its affiliates) to be treated as a U.S. corporation
for U.S. tax purposes under Section&nbsp;7874 (or that the Additional Limitations thereunder are applicable) because, among other things,
the Ownership Test should not be satisfied. However, the law and Treasury Regulations promulgated under Section&nbsp;7874 are complex
and unclear in many regards, and there is limited guidance regarding the application of Section&nbsp;7874. Moreover, the IRS could assert
that subsequent transactions that resulted in ownership changes should be considered part of the F Reorganization and that Section&nbsp;7874
applies to the combined transactions. Accordingly, there can be no assurance that the IRS will not challenge its status as a foreign
corporation or that such challenge would not be sustained by a court. If the IRS were to successfully challenge such status under Section&nbsp;7874,
MYT Netherlands and its affiliates could be subject to substantial additional U.S. federal income tax liability, and the U.S. federal
tax consequences to the holders of the ADSs would be materially different than set forth herein. The remainder of this discussion assumes
that MYT Netherlands will be respected as a foreign corporation for U.S. federal tax purposes under Section&nbsp;7874.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><b><i>Dividends and Other Distributions
on ADSs</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Subject to the discussion below under &ldquo;&mdash;<i>Passive
Foreign Investment Company Rules</i>,&rdquo; under the U.S. federal income tax laws, if you are a U.S. holder, the gross amount of any
distribution we pay out of our current or accumulated earnings and profits (as determined for U.S. federal income tax purposes), other
than certain pro-rata distributions of ADSs, will be treated as a dividend that is subject to U.S. federal income taxation. Distributions
in excess of current and accumulated earnings and profits will be treated as a non-taxable return of capital to the extent of the U.S.
holders&rsquo; basis in the ADSs and any additional amounts thereafter will be treated as capital gain from the sale or exchange of the
ADSs (see &ldquo;&mdash;<i>Sale or Other Taxable Disposition of ADSs</i>&rdquo; below). MYT Netherlands may not maintain calculations
of its earnings and profits under U.S. federal income tax principles and, in such case, a U.S. Holder should expect that any distribution
will generally be reported as a dividend even if that distribution would otherwise be treated as a non-taxable return of capital or as
capital gain under the rules&nbsp;described above. The depositary will be in constructive receipt of the dividend when the dividend is
made unqualifiedly subject to the demand of the depositary. Dividends generally will not be eligible for the &ldquo;dividends received
deduction&rdquo; allowed to U.S. corporations with respect to dividends received from other U.S. corporations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dividends received by noncorporate U.S. holders
(including individuals) generally will be &ldquo;qualified dividend income,&rdquo; which is taxed at the lower rates applicable to long
term capital gains, provided that (1)&nbsp;(i)&nbsp;ADSs are readily tradeable on an established securities market in the United States,
or (ii)&nbsp;MYT Netherlands is eligible for the benefits of the Treaty, (2)&nbsp;MYT Netherlands is not a PFIC (as discussed below)
for either the taxable year in which the dividend was paid or the preceding taxable year, (3)&nbsp;the U.S. holder satisfies certain
holding period requirements, and (4)&nbsp;the U.S. holder is not under an obligation to make related payments with respect to positions
in substantially similar or related property. MYT Netherlands has listed its ADSs on the NYSE and anticipates that such ADSs will be
readily tradeable on such established securities market. MYT Netherlands also anticipates that it will be eligible for the benefits of
the Treaty. Accordingly, subject to the PFIC discussion below, MYT Netherlands generally expects that dividends it would pay will constitute
qualified dividend income, provided that the U.S. holder satisfies the other requirements for such treatment set forth above. U.S. holders
should consult their tax advisors regarding the availability of the preferential rate for qualified dividend income on dividends paid
with respect to the ADSs.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The amount of any distribution paid in Euros
(or other foreign currency) will be equal to the U.S. Dollar value of the Euros (or other foreign currency) received, translated at the
spot rate of exchange on the date such distribution is includible in the U.S. holder&rsquo;s income, regardless of whether the payment
is in fact converted into U.S. Dollars at that time. The amount of any distribution of property other than cash will be the U.S. Dollar
fair market value of such property on the date of distribution.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain distributions on the ADSs may be subject
to German and/or Dutch withholding tax, as discussed in &ldquo;&mdash;<i>German Taxation</i>,&rdquo; and &quot;&mdash;<i>Material Netherlands
Tax Considerations</i>&mdash; <i>Dividends Withholding Tax&quot; </i>above and the risk factor &ldquo;<i>If MYT Netherlands pays dividends,
it may need to withhold tax on such dividends payable to holders of its ADSs in both Germany and the Netherlands.&rdquo; above</i>. For
U.S. federal income tax purposes, U.S. holders will be treated as having received the amount of any German or Dutch taxes withheld with
respect to any such distribution and, as a result, the amount of dividend income a U.S. holder is required to include in gross income
for U.S. federal income tax purposes with respect to a payment of dividends may be greater than the amount of cash actually received
(or receivable) by such U.S. holder with respect to the payment. Subject to certain limitations (some of which vary depending upon the
U.S. holder&rsquo;s circumstances), any such German tax withheld and paid over to Germany will generally be creditable or deductible
against your U.S. federal income tax liability. Special rules&nbsp;apply in determining the foreign tax credit limitation with respect
to dividends that are subject to the preferential tax rates. To the extent a reduction or refund of the tax withheld is available to
you under German and/or Dutch law or under the Treaty, the amount of tax withheld that could have been reduced or that is refundable
will not be eligible for credit against your U.S. federal income tax liability. See &ldquo;&mdash;<i>German Taxation&mdash;German Taxation
of Holders of ADSs&mdash;Withholding Tax Refund for U.S. Treaty Beneficiaries</i>,&rdquo; above, for the procedures for obtaining a tax
refund in Germany. The rules&nbsp;governing the treatment of foreign taxes and foreign tax credits for U.S. federal income tax purposes
are complex, and U.S. holders should consult their tax advisors about the impact of these rules&nbsp;in their particular situations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dividends will generally be income from sources
outside the United States and will generally be &ldquo;passive&rdquo; income for purposes of computing the foreign tax credit allowable
to you. However, if MYT Netherlands is 50% or more owned, by vote or value, by United States persons, then solely for foreign tax credit
purposes, a portion of its dividends allocable to its United States source earnings and profits may be treated as derived from sources
within the United States. This rule&nbsp;does not apply to United States-owned foreign corporations with less than 10% of earnings and
profits attributable to sources within the United States. MYT Netherlands expects to be 50% or more owned, by vote or value, by United
States persons for the current taxable year, and therefore a portion of any dividends MYT Netherlands pays may be treated as derived
from sources within the United States for purposes of these rules&nbsp;subject to the exception. A U.S. holder may not be able to offset
any foreign tax withheld as a credit against U.S. federal income tax imposed on that portion of any dividend that is from sources within
the United States, unless the U.S. holder has income from sources outside the United States in the same foreign tax credit category from
other sources. MYT Netherlands does not intend to provide to any U.S. holders any information that may be necessary to determine the
portion of the dividends (if any) that would be treated as from sources within the United States for any particular year for purposes
of these rules. The rules&nbsp;governing the treatment of foreign taxes and foreign tax credits for U.S. federal income tax purposes
are complex, and U.S. holders should consult their own tax advisors about the impact of these rules&nbsp;in their particular situations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><b><i>Sale or Other Taxable Disposition
of ADSs</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Subject to the discussion below under &ldquo;&mdash;<i>Passive
Foreign Investment Company Rules</i>,&rdquo; if you are a U.S. holder and you sell or otherwise dispose of your ADSs, you will recognize
capital gain or loss for U.S. federal income tax purposes equal to the difference between the U.S. Dollar amount that you realize and
your tax basis in your ADSs. A U.S. holder&rsquo;s tax basis in the ADSs generally will equal the U.S. Dollar cost of such ADSs. Any
such gain or loss generally will be treated as long term capital gain or loss if the U.S. holder&rsquo;s holding period in the ADSs exceeds
one year. Generally, for U.S. holders who are individuals (as well as certain trusts and estates), long-term capital gains are subject
to U.S. federal income tax at preferential rates. The deductibility of capital losses is subject to significant limitations. Any such
gain or loss will generally be income or loss from sources within the United States for foreign tax credit limitation purposes.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><b><i>Passive Foreign Investment Company
Rules</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">MYT Netherlands will be classified as a PFIC
for U.S. federal income tax purposes in any taxable year in which, after applying certain look-through rules, either: (1)&nbsp;at least
75% of its gross income is &ldquo;passive income&rdquo; for purposes of the PFIC rules&nbsp;or (2)&nbsp;at least 50% of the value of
its assets (generally determined on the basis of a quarterly average) is attributable to assets that produce &ldquo;passive income&rdquo;
or are held for the production of passive income. Subject to various exceptions, passive income for this purpose generally includes,
among other things, dividends, interest, royalties, rents and gains from commodities and securities transactions and from the sale or
exchange of property that gives rise to passive income. In determining whether MYT Netherlands is a PFIC, it will be treated as owning
its proportionate share of the assets, and earning its proportionate share of the income, of any other corporation in which it owns,
directly or indirectly, 25&nbsp;percent or more (by value) of the stock.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under the PFIC rules, if MYT Netherlands were
considered a PFIC at any time that a U.S. holder holds ADSs, MYT Netherlands would continue to be treated as a PFIC for all succeeding&nbsp;years
during which such U.S. holder holds ADSs unless (1)&nbsp;MYT Netherlands ceases to be a PFIC and (2)&nbsp;the U.S. holder has made a
mark-to-market election under the PFIC rules, the U.S. holder has made a QEF Election (as discussed below) for the first taxable year
of the U.S. holder&rsquo;s holding period during which MYT Netherlands is a PFIC, or the U.S. holder has made a QEF Election for a later
taxable year and has also made a &ldquo;purging&rdquo; election to recognize gain (which will be taxed under the rules&nbsp;applicable
to &ldquo;excess distributions&rdquo; described below) as if the ADSs were sold for their fair market value on the day the QEF Election
is effective.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Based on the expected market price of MYT Netherlands&rsquo;
ADSs and the composition of MYT Netherlands&rsquo; income, assets and operations, MYT Netherlands does not expect to be treated as a
PFIC for U.S. federal income tax purposes for the current taxable year or in the foreseeable future. However, the determination of PFIC
status is based on an annual determination that must be made at the close of each taxable year, involves extensive factual investigation,
including ascertaining the applicable value of all of MYT Netherlands&rsquo; assets on a quarterly basis and the character of each item
of income that it earns, and is subject to uncertainty in several respects. Therefore, there can be no assurance that MYT Netherlands
will not be classified as a PFIC for the current taxable year or for any future taxable year or that the IRS will not take a contrary
position.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If MYT Netherlands were considered a PFIC at
any time that a U.S. holder holds ADSs (assuming such U.S. holder has not made a timely mark-to-market election, as described below),
any gain recognized by the U.S. holder on a sale or other disposition (including certain pledges) of the ADSs, as well as the amount
of any &ldquo;excess distribution&rdquo; (defined below) received by the U.S. holder, would be allocated ratably over the U.S. holder&rsquo;s
holding period for the ADSs. The amounts allocated to the taxable year of the sale or other disposition (or the taxable year of receipt,
in the case of an excess distribution) and to any year before we became a PFIC would be taxed as ordinary income. The amount allocated
to each taxable year would be subject to tax at the highest rate in effect for individuals or corporations, as appropriate, for that
taxable year, and an interest charge would be imposed on the amount allocated to that taxable year. For purposes of these rules, &ldquo;excess
distributions&rdquo; for a taxable year are the amount by which any distributions received by a U.S. holder on ADSs in that taxable year
exceeds 125% of the average of the annual distributions on the ADSs received during the preceding three-years or the U.S. holder&rsquo;s
holding period, whichever is shorter.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A U.S. holder can avoid certain of the adverse
rules&nbsp;described above by making a mark-to-market election with respect to its ADSs, provided that the ADSs are &ldquo;marketable.&rdquo;
The ADSs are marketable if they are &ldquo;regularly traded&rdquo; on a &ldquo;qualified exchange&rdquo; or other market within the meaning
of applicable U.S. Treasury regulations. MYT Netherlands believes that the ADSs are generally &ldquo;regularly traded&rdquo; on a &ldquo;qualified
exchange&rdquo; for this purpose and therefore, in any year in which the ADSs are regularly traded, the mark-to-market election may be
available to a holder of ADSs if MYT Netherlands becomes a PFIC. If a U.S. holder makes the mark-to-market election, it generally will
recognize as ordinary income any excess of the fair market value of the ADSs at the end of each taxable year over their adjusted tax
basis, and will recognize an ordinary loss in respect of any excess of the adjusted tax basis of the ADSs over their fair market value
at the end of the taxable year (but only to the extent of the net amount of income previously included as a result of the mark-to-market
election). If a U.S. holder makes the election, the holder&rsquo;s tax basis in the ADSs will be adjusted to reflect the income or loss
amounts recognized. Any gain recognized on the sale or other disposition of ADSs in a year when MYT Netherlands is a PFIC will be treated
as ordinary income and any loss will be treated as an ordinary loss (but only to the extent of the net amount of income previously included
as a result of the mark-to-market election).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, a U.S. holder that owns stock in
a PFIC for U.S. federal income tax purposes will not be subject to the foregoing rules&nbsp;if the U.S. holder makes a &ldquo;qualified
electing fund&rdquo; election (a &ldquo;QEF Election&rdquo;) for the first taxable year of the U.S. holder&rsquo;s holding period during
which we are a PFIC. If a U.S. holder makes such a QEF Election with respect to a PFIC, the U.S. holder will be currently taxable on
its pro&nbsp;rata share of the PFIC&rsquo;s ordinary earnings and net capital gain (at ordinary income and capital gain rates, respectively)
for each taxable year that the entity is classified as a PFIC (regardless of whether such amounts are distributed to the U.S. holder),
and will not be required to include such amounts in income when actually distributed by the PFIC. If MYT Netherlands determines that
it is a PFIC for any taxable year, it may not provide U.S. holders with the information necessary to make and maintain a valid QEF Election.
Prospective U.S. holders should assume that a QEF Election will not be available.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, if MYT Netherlands were a PFIC or,
with respect to a particular U.S. holder, were treated as a PFIC for the taxable year in which we paid a dividend or for the prior taxable
year, the preferential dividend rates discussed above in &ldquo;&mdash;<i>Dividends and Other Distributions on ADSs</i>&rdquo; with respect
to dividends paid to certain non-corporate U.S. holders would not apply.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If MYT Netherlands is considered a PFIC, a U.S.
holder will also be subject to annual information reporting requirements. U.S. holders should consult their tax advisors about the potential
application of the PFIC rules&nbsp;to an investment in ADSs.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The U.S. federal income tax rules&nbsp;relating
to PFICs are complex. U.S. holders should consult their tax advisors with respect to the acquisition, ownership, and disposition of our
ADSs and the consequences to them of an investment in a PFIC.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><b><i>U.S. Information Reporting and
Backup Withholding</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dividend payments with respect to ADSs and proceeds
from the sale, exchange or redemption of ADSs may be subject to information reporting to the IRS and U.S. backup withholding. Backup
withholding will not apply, however, to a U.S. holder who furnishes a correct taxpayer identification number and makes any other required
certification or is otherwise exempt from backup withholding. U.S. holders who are required to establish their exempt status may be required
to provide such certification on IRS Form&nbsp;W-9. U.S. holders should consult their tax advisors regarding the application of the U.S.
information reporting and backup withholding rules.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Backup withholding is not an additional tax.
Amounts withheld as backup withholding may be credited against a U.S. holder&rsquo;s U.S. federal income tax liability, and such U.S.
holder may obtain a refund of any excess amounts withheld under the backup withholding rules&nbsp;by timely filing an appropriate claim
for refund with the IRS and furnishing any required information.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><b><i>Information With Respect to
Foreign Financial Assets</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain U.S. holders treated as individuals may
be required to report information relating to an interest in ADSs, subject to certain exceptions (including an exception for ADSs held
in accounts maintained by certain U.S. financial institutions). Penalties can apply if U.S. holders fail to satisfy such reporting requirements.
U.S. holders should consult their tax advisors regarding the applicability of these requirements to their acquisition and ownership of
ADSs.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>5. Corporate Governance</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>5.1. General</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">MYT Netherlands Parent B.V. (<b><i>MYT Netherlands</i></b>)
is a private company with limited liability under the laws of the Netherlands (<i>besloten vennootschap met beperkte aansprakelijkheid</i>)
with its corporate seat (<i>statutaire zetel</i>) in Amsterdam, the Netherlands, and its registered address and principal place of business
at Einsteinring 9, 85609 Aschheim, Germany. MYT Netherlands is subject to Dutch corporate law, subject to the Dutch Corporate Governance
Code (Jaarboek ext verslaggeving 41043), its articles of association (<i>statuten</i>) and the rules&nbsp;of procedure (<i>reglementen</i>)
for the Management Board (<i>bestuur</i>) and Supervisory Board (<i>raad van commissarissen</i>). Since September&nbsp;7, 2020, MYT Netherlands
has its place of effective management in Germany. MYT Netherlands has a two-tiered board structure consisting of a Management Board and
a Supervisory Board. The Management Board and the Supervisory Board are entirely separate corporate bodies, and, as a rule, no individual
will simultaneously be a member of both boards. The below summary describes our corporate governance.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>5.2 Management Board</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Management Board is responsible for the day-to-day management of the business in accordance with applicable laws, the articles of association
of MYT Netherlands and the Management Board&rsquo;s rules&nbsp;of procedure. Pursuant to article 13 clause 1 of the articles of association,
the Management Board consists of one or more members to be determined by the Supervisory Board. In fulfilling their duties, the members
of the Management Board must act in the interest of MYT Netherlands and its related business.</font> Under the articles of association
of MYT Netherlands, members of the Management Board are appointed by the general meeting (<i>algemene vergadering</i>) upon a binding
nomination by the Supervisory Board for a four-year term, with the possibility of re-appointment for another term of four years. The
general meeting and the Supervisory Board are each authorized to suspend or dismiss a member of the Management Board from office at any
time. A resolution of the general meeting to suspend or dismiss a member of the Management Board can be adopted by a majority of the
votes cast, without a quorum being required. The Supervisory Board has established rules&nbsp;regarding the decision-making process,
working methods and specific tasks of the members of the Management Board in accordance with article 16 clause 2 of the articles of association
of MYT Netherlands. These rules&nbsp;of procedure for the Management Board are available on the MYT website. The general meeting appoints
the members of the Management Board. At least once annually, the Management Board evaluates its own functioning as a whole and that of
the individual Management Board members. As the Company has not been listed for a full year since the IPO during the reporting year,
this evaluation will be reported on in the next Dutch annual report.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table sets forth the names and
functions of the current members of our Management Board, their ages and their terms as of the date of this Annual Report:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellspacing="0" cellpadding="0" align="RIGHT" style="font: 10pt Times New Roman, Times, Serif; width: 95%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="border-bottom: black 1pt solid; width: 32%; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Name</b></font></td>
<td style="border-bottom: white 1pt solid; width: 1%">&nbsp;</td>
<td style="border-bottom: black 1pt solid; width: 5%; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Age</b></font></td>
<td style="border-bottom: white 1pt solid; width: 1%">&nbsp;</td>
<td style="border-bottom: black 1pt solid; width: 20%; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Term
Ends</b></font></td>
<td style="border-bottom: white 1pt solid; width: 1%">&nbsp;</td>
<td style="border-bottom: black 1pt solid; width: 39%; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Position</b></font></td>
<td style="border-bottom: white 1pt solid; width: 1%">&nbsp;</td></tr>
<tr style="vertical-align: top">
<td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Michael Kliger</font></td>
<td>&nbsp;</td>
<td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">55</font></td>
<td>&nbsp;</td>
<td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2024</font></td>
<td>&nbsp;</td>
<td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Executive Officer</font></td>
<td>&nbsp;</td></tr>
<tr style="vertical-align: top">
<td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dr.&nbsp;Martin Beer</font></td>
<td>&nbsp;</td>
<td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">54</font></td>
<td>&nbsp;</td>
<td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2024</font></td>
<td>&nbsp;</td>
<td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Financial Officer</font></td>
<td>&nbsp;</td></tr>
<tr style="vertical-align: top">
<td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sebastian Dietzmann</font></td>
<td style="text-align: justify">&nbsp;</td>
<td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">48</font></td>
<td style="text-align: justify">&nbsp;</td>
<td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2025</font></td>
<td style="text-align: justify">&nbsp;</td>
<td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Operating Officer</font></td>
<td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
<td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Gareth Locke</font></td>
<td style="text-align: justify">&nbsp;</td>
<td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">47</font></td>
<td style="text-align: justify">&nbsp;</td>
<td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2025</font></td>
<td style="text-align: justify">&nbsp;</td>
<td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Growth Officer</font></td>
<td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
<td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Isabel May</font></td>
<td style="text-align: justify">&nbsp;</td>
<td style="text-align: center">47</td>
<td style="text-align: justify">&nbsp;</td>
<td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2025</font></td>
<td style="text-align: justify">&nbsp;</td>
<td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Customer Experience Officer</font></td>
<td style="text-align: justify">&nbsp;</td></tr>
</table><br style="clear: both">

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following is a brief summary of the business
experience of the members of our Management Board:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Michael
Kliger.&nbsp;&nbsp;&nbsp;</i></b></font>&nbsp;Mr.&nbsp;Kliger has served as Chief Executive Officer and as a member of our Management
Board since September&nbsp;2020. He has served as President and Chief Executive Officer of mytheresa.com GmbH, Theresa Warenvertrieb
GmbH and MGG since March&nbsp;2015. He previously served as VP International at eBay Enterprise from March&nbsp;2013 to February&nbsp;2015.
Previously, Mr.&nbsp;Kliger served as Executive Director at Accenture from September&nbsp;2010 to December&nbsp;2012. Prior to that,
Mr.&nbsp;Kliger served as Managing Director at First Capital Partners GmbH from September&nbsp;2007 to September&nbsp;2010. Prior to
that, Mr.&nbsp;Kliger served as Vertriebsgesch&auml;ftsf&uuml;hrer at real,- SB-Warenhaus GmbH from January&nbsp;2005 to April&nbsp;2007.
Prior to that, Mr.&nbsp;Kliger worked at McKinsey&nbsp;&amp; Company from February&nbsp;1992 to December&nbsp;2004 serving last as Principal.
Mr.&nbsp;Kliger serves as a member of the Board of Directors of Valora AG since March&nbsp;2017 and serves as member of the Nomination
and Compensation Committee. He holds an MBA from Kellogg School of Management and a Diploma degree from the Berlin University of Technology.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Dr.&nbsp;Martin
Beer.</i></b></font>&nbsp;&nbsp;&nbsp;Martin Beer has served as Chief Financial Officer and as a member of our Management Board since
September&nbsp;2020. Before joining Mytheresa in 2019, Martin Beer spent 14 years in CFO and COO roles in fast growth digital focused
and B2C and B2B e-commerce companies, namely RUBIX, SYNLAB, Weltbild and DBH. Prior to this, he worked at McKinsey&nbsp;&amp; Company
for five years, where he was part of the European Consumer Goods Leadership Team. He holds a Masters degree in Finance and Entrepreneurial
Leadership and a PHD from the European Business School.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Sebastian
Dietzmann.</i></b></font>&nbsp;&nbsp;&nbsp;Mr.&nbsp;Dietzmann Sebastian Dietzmann has served as Chief Operating Officer since November&nbsp;2020
and as a member of our Management Board since February&nbsp;2021. He has served as Chief Operating Officer and Managing Director of each
of mytheresa.com GmbH, Theresa Warenvertrieb GmbH and Mytheresa Service GmbH since July&nbsp;2015. He previously served as Senior Director&nbsp;&amp;
Head of eCommerce Services International at eBay Enterprise from August&nbsp;2011 to June&nbsp;2015. Prior to that, he served as Senior
Director Business Management at GSI Commerce from January&nbsp;2010 to July&nbsp;2011. Prior that, he served as Vice President of Product
Management and Distribution at product + concept GmbH from March&nbsp;2005 to March&nbsp;2008. He holds a Diplom-Kaufmann degree from
the Berlin Berlin School of Economics and Law.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Gareth
Locke.</i></b></font>&nbsp;&nbsp;&nbsp;Mr.&nbsp;Locke has served as Chief Growth Officer since November&nbsp;2020 and as member of our
Management Board since February&nbsp;2021. Mr.&nbsp;Locke has served as Chief Growth Officer of mytheresa.com GmbH since July&nbsp;2016.
He previously served as Head of Marketing for Zooplus AG from January&nbsp;2012 until May&nbsp;2016. During this same period, Mr.&nbsp;Locke
also served as Managing Director of Zooplus France SARL. Prior to that, he was Associate Partner at Aquarius Consulting GmbH from April&nbsp;2010
until December&nbsp;2011. Prior to that, he served as Manager Corporate Development at PAYBACK GmbH from May&nbsp;2005 to March&nbsp;2010,
as Project Manager at Ayming GmbH from January&nbsp;2003 to May&nbsp;2005 and as a Consultant at Accenture in London from September&nbsp;1999
to November&nbsp;2002. Mr Locke serves as an advisor to the Board of KICKZ.com GmbH since June&nbsp;2021. Mr.&nbsp;Locke holds an MBA
from the Burgundy School of Business and an MA in Economics and Finance from Leeds University Business School.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Isabel
May.</i></b></font>&nbsp;&nbsp;&nbsp;Ms.&nbsp;May&nbsp;has served as Chief Customer Experience Officer since November&nbsp;2020 and
was appointed a member of our Management Board since February&nbsp;2021. She joined Mytheresa in September&nbsp;2015 as Director
Customer Experience and Communications and has served as Chief Customer Experience Officer since January&nbsp;2018 and became
Managing Director of mytheresa.com GmbH as of September&nbsp;2019. Prior to that, Ms.&nbsp;May&nbsp;served as Vice President of
Strategy and Corporate Communications at D. Swarovski KG in Wattens, Austria from January&nbsp;2013 to August&nbsp;2015. Prior to
that, Ms.&nbsp;May&nbsp;served as Managing Director and Partner of IBS Consultants GmbH from September&nbsp;2009 to
January&nbsp;2013. Prior to that, Ms.&nbsp;May&nbsp;served as Partner of Brand Lab Consulting from July&nbsp;2007 to
August&nbsp;2009. Prior to that, Ms.&nbsp;May&nbsp;had various positions in Marketing at ESCADA AG as well as Jet Set AG,
Switzerland. Ms.&nbsp;May&nbsp;holds a Diplom-Kaufmann Degree from the Ludwig-Maxmilians-University.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>5.3 Supervisory Board</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Supervisory Board supervises the Management
Board, the Company&rsquo;s general course of affairs, and its affiliated business. The Supervisory Board is accountable for these matters
to the general meeting. The Supervisory Board also provides advice to the Management Board. According to the articles of association,
the Supervisory Board has a binding nomination right with respect to the appointment of members of the Management Board by the general
meeting. Furthermore, prior approval of the Supervisory Board is required for certain significant matters that will be resolved upon
by the Management Board. These are further set out in the rules&nbsp;of procedure for the Management Board which are available on the
MYT website.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the fulfilment of their duty, the members of the Supervisory Board shall act in the interest of MYT Netherlands and its related business.
The articles of association provide that the Supervisory Board consists three or more members; the exact number is determined by the
Supervisory Board. The</font> Supervisory Board currently consists of eight members. Members of the Supervisory Board are appointed by
the general meeting for a four-year term, with the possibility of re-appointment of another four-year term. So long as MYT Holding directly
or indirectly owns 25% or more of the issued and outstanding share capital of MYT Netherlands, members of the Supervisory Board will
be appointed for a maximum period of four years, provided that, unless a member of the Supervisory Board resigns, dies or is removed
earlier or upon his or her appointment a term shorter than four years has been determined, his or her appointment period shall expire
at the closing of the annual general meeting that will be held in the fourth calendar year after the year of his or her appointment.
Members of the Supervisory Board may be reappointed once more for another four-year period and then subsequently be reappointed again
for a period of two years, which reappointment may be extended by at most two years. In the event of a reappointment after an eight-year
period, reasons are given in the Dutch annual report.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">From and after the date MYT Holding directly
or indirectly owns less than 25% of the issued and outstanding share capital of MYT Netherlands, MYT Netherlands will be required to
file a declaration confirming such event with the Dutch Trade Register of the Chamber of Commerce and to publish a public announcement
confirming such filing. Effective at the time of filing of such declaration, the terms of the members of the Supervisory Board then in
office will automatically be reduced to expire at the closing of the next annual general meeting, and thereafter the term of all members
of the Supervisory Board will expire each year at the closing of the annual general meeting. The general meeting appoints the members
of the Supervisory Board. A resolution of the general meeting to appoint a member of the Supervisory Board requires a simple majority.
Members of our Supervisory Board may be dismissed at any time during their term of office by a resolution of the general meeting with
a simple majority of the votes cast. In addition, any member of our Supervisory Board may resign at any time by giving written notice
of his or her resignation to the Company. The resignation or dismissal does not require cause.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">To ensure that the Supervisory Board can carry
out these functions properly, the Management Board shall timely provide the Supervisory Board with the information necessary for the
performance of the Supervisory Board&rsquo;s duties. The Management Board is required to keep the Supervisory Board informed and to consult
with the Supervisory Board on all important matters.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Supervisory Board has determined that certain
matters will require its prior written consent as set forth in the rules&nbsp;of procedure of the Management which are available on the
MYT website.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table sets forth the names and
functions of the current members of our Supervisory Board, their ages, their terms as of (which expire on the date of the relevant year&rsquo;s
general meeting of shareholders) and their principal occupations outside of our Company:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: black 1pt solid; width: 32%; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Name</b></font></td>
    <td style="border-bottom: white 1pt solid; width: 1%">&nbsp;</td>
    <td style="border-bottom: black 1pt solid; width: 5%; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Age</b></font></td>
    <td style="border-bottom: white 1pt solid; width: 1%">&nbsp;</td>
    <td style="border-bottom: black 1pt solid; width: 10%; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Term
    Expires</b></font></td>
    <td style="border-bottom: white 1pt solid; width: 1%">&nbsp;</td>
    <td style="border-bottom: black 1pt solid; width: 50%; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Principal
    Occupation</b></font></td>
    </tr>
  <tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Nora Aufreiter*</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">63</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2025</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director, The Bank of Nova
    Scotia and The Kroger Company</font></td>
    </tr>
  <tr style="vertical-align: top">
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: justify">&nbsp;</td>
    </tr>
  <tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dennis Thatcher Gies</font></td>
    <td>&nbsp;</td>
    <td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">43</font></td>
    <td>&nbsp;</td>
    <td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2024</font></td>
    <td>&nbsp;</td>
    <td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Managing Director at Roark
    Capital, previously a Partner and Head of the Consumer Private Equity practice at Ares Management</font></td>
    </tr>
  <tr style="vertical-align: top">
    <td style="text-align: justify">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="text-align: justify">&nbsp;</td>
    </tr>
  <tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">David B. Kaplan</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">54</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2024</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Co-Founder, Director, Partner
    of Ares Management Corporation Co-Chairman at Ares Management Private Equity Group</font></td>
    </tr>
  <tr style="vertical-align: top">
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: justify">&nbsp;</td>
    </tr>
  <tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Marjorie Lao*</font></td>
    <td>&nbsp;</td>
    <td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">48</font></td>
    <td>&nbsp;</td>
    <td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2024</font></td>
    <td>&nbsp;</td>
    <td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director, Modern Times
    Group AB, Logitech SA and Sitecore Holding II A/S</font></td>
    </tr>
  <tr style="vertical-align: top">
    <td style="text-align: justify">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="text-align: justify">&nbsp;</td>
    </tr>
  <tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cesare Ruggiero</font></td>
    <td>&nbsp;</td>
    <td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">45</font></td>
    <td>&nbsp;</td>
    <td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2024</font></td>
    <td>&nbsp;</td>
    <td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Managing Director, CPPIB,
    member of the Board of Informatica Inc. and of Ports of America</font></td>
    </tr>
  <tr style="vertical-align: top">
    <td style="text-align: justify">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="text-align: justify">&nbsp;</td>
    </tr>
  <tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Susan Gail Saideman</font></td>
    <td>&nbsp;</td>
    <td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">60</font></td>
    <td>&nbsp;</td>
    <td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2024</font></td>
    <td>&nbsp;</td>
    <td><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Director, Church&nbsp;&amp; Dwight Co.,&nbsp;Inc.</p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">and Prepac Manufacturing Ltd. and FIRST Washington</p></td>
    </tr>
  <tr style="vertical-align: top">
    <td style="text-align: justify">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    </tr>
  <tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Michaela Tod*</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">52</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2024</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director, member of the
    Supervisory Board of AUGA group and member of the Advisory Board of Pro Gamers Group </font></td>
    </tr>
  <tr style="vertical-align: top">
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: justify">&nbsp;</td>
    </tr>
  <tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sascha Zahnd*</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">47</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2024</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chairman, Valora Holding
    AG</font></td>
    </tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>Independent
Directors for purposes of the Dutch Corporate Governance Code</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following is a brief summary of the prior
business experience of the members of our Supervisory Board:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Nora
Aufreiter. </i></b></font> Ms.&nbsp;Aufreiter was appointed as member and chairperson of our Supervisory Board effective 1 July&nbsp;2021.
She currently serves on the Audit Committee and the Nominating, Governance and Compensation Committee. She is a former director and senior
partner of McKinsey&nbsp;&amp; Company, a global management consulting firm. Throughout her 27 year career at McKinsey, Ms.&nbsp;Aufreiter
held multiple leadership roles including Managing Director of McKinsey&rsquo;s Toronto office, leader of the North American Retail practice,
the Digital and Omni Channel service line and was a member of the firm&rsquo;s global personnel committees. She has worked extensively
in the U.S., Canada and internationally serving her clients in consumer facing industries including major retailers, financial institutions
and other consumer-facing companies. Before joining McKinsey, Ms.&nbsp;Aufreiter spent three years in financial services working in corporate
finance and investment banking. She is a member of the Board of Directors of The Bank of Nova Scotia where she is chair of the governance
committee and is a member of the compensation committee. She is also a member of the Board of Directors of The Kroger Company where she
is chair of the public responsibilities committee and a member of the financial policy committee. In addition, Ms.&nbsp;Aufreiter is
on the board of a privately held company, Cadillac Fairview Property Trust, a subsidiary of Ontario Teachers Pension Plan. Ms.&nbsp;Aufreiter
also serves on the boards of Unity Health Toronto, The Canadian Opera Company and is a member of the Dean&rsquo;s Advisory Board for
the Ivey Business School in Ontario, Canada. Ms.&nbsp;Aufreiter holds a B.A. (Honours) in business administration from the Ivey Business
School at the University of Western Ontario and an M.B.A. from Harvard Business School. In June, 2018, Ms.&nbsp;Aufreiter was awarded
an Honorary Doctor of Laws at The University of Western Ontario.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Dennis
Thatcher Gies.</i></b></font>&nbsp;&nbsp;&nbsp;Mr.&nbsp;Gies was appointed to our Supervisory Board in September&nbsp;2020 and currently
serves as Chairperson of the Nominating, Governance and Compensation Committee. Mr.&nbsp;Gies is a Managing Director at Roark Capital.
Previously, Mr.&nbsp;Gies was a Partner and Head of the Consumer Private Equity practice at Ares Management, where he was responsible
for sourcing and executing investments in private companies in the consumer goods, consumer services, e-commerce, retail, restaurant,
leisure and lodging sectors. Prior to joining Ares in 2006, he worked at UBS Investment Bank, where he participated in the execution
of a variety of transactions including leveraged buyouts, mergers and acquisitions, dividend recapitalizations and debt and equity financings.
Mr.&nbsp;Gies holds a B.S., magna cum laude, from Virginia Tech in Electrical Engineering and an M.S. from the University of California,
Los Angeles, in Electrical Engineering.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>David
B. Kaplan.</i></b></font>&nbsp;&nbsp;&nbsp;Mr.&nbsp;Kaplan was appointed to our Supervisory Board in January&nbsp;2021 and was Chairperson
until June&nbsp;30, 2021. He currently serves as member of the Nominating, Governance and Compensation Committee. Mr.&nbsp;Kaplan is
a Co-Founder, Director and Partner of Ares Management Corporation and Co-Chairman of the Ares Management Private Equity Group. He is
a member of the Ares Management Executive Management Committee and on the Ares Private Equity Group's Corporate Opportunities, Asia Private
Equity and Special Opportunities Investment Committees. Additionally, Mr.&nbsp;Kaplan is the Co-Chairman and Chief Executive Officer
of Ares Acquisition Corporation (&ldquo;AAC&rdquo;). Mr.&nbsp;Kaplan joined Ares Management in 2003 from Shelter Capital Partners, LLC,
where he was a Senior Principal from June&nbsp;2000 to April&nbsp;2003. From 1991 through 2000, Mr.&nbsp;Kaplan was a Senior Partner
of Apollo Management, L.P. and its affiliates, during which time he completed multiple private equity investments from origination through
exit. Prior to Apollo Management, L.P., Mr.&nbsp;Kaplan was a member of the Investment Banking Department at Donaldson, Lufkin&nbsp;&amp;
Jenrette Securities Corp. Mr.&nbsp;Kaplan currently serves on the supervisory board of directors of MYT Netherlands Parent B.V., the
parent entity of Mytheresa GmbH. Mr.&nbsp;Kaplan also serves as a member of the boards of directors of Guitar Center Holdings,&nbsp;Inc.
and Number Holdings,&nbsp;Inc. and as the Chairman of the board of directors of the parent entity of Cooper&rsquo;s Hawk Winery&nbsp;&amp;
Restaurants. Mr.&nbsp;Kaplan's previous public company board experience includes Floor and Decor Holdings,&nbsp;Inc., Maidenform Brands,&nbsp;Inc.,
where he served as the company&rsquo;s Chairman, GNC Holdings,&nbsp;Inc., Dominick's Supermarkets,&nbsp;Inc., Stream Global Services,&nbsp;Inc.,
Orchard Supply Hardware Stores Corporation, Smart&nbsp;&amp; Final,&nbsp;Inc. and Allied Waste Industries Inc. Mr.&nbsp;Kaplan also currently
serves as the Vice Chairman of the Board of Directors of Cedars-Sinai Medical Center, a non-profit hospital, and on the President's Advisory
Group of the University of Michigan. Mr.&nbsp;Kaplan graduated with High Distinction, Beta Gamma Sigma, from the University of Michigan
with a Bachelor of Business Administration degree, concentrating in Finance.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Marjorie
Lao.</i></b></font>&nbsp;&nbsp;&nbsp;Marjorie Lao (1974) was appointed to our Supervisory Board in November&nbsp;2020, and currently
serves as Vice-Chairperson of the Board and Chairperson of the Audit Committee. Ms.&nbsp;Lao is the former Executive Vice President and
Chief Financial Officer of the LEGO Group, a position she held from February&nbsp;2017 to March&nbsp;2020, after serving as Senior Vice
President - Finance and Senior Vice President - Corporate Finance from January&nbsp;2014 to January&nbsp;2017. Prior to joining the LEGO
Group, Ms.&nbsp;Lao was the Vice President &ndash; Projects at Seadrill Limited during 2013. She served as the Senior Vice President
- Finance and Chief Financial Officer at Tandberg ASA from 2006 to 2010, and as Vice President &ndash; Business Development and M&amp;A
in 2006. When Tandberg was acquired by Cisco Systems,&nbsp;Inc., Ms.&nbsp;Lao joined Cisco as Senior Director &ndash; Finance and Senior
Director &ndash; Strategy and Business Analytics from 2010 to 2012. Previously, she held Finance and Strategy managerial positions at
McKinsey&nbsp;&amp; Company and Procter&nbsp;&amp; Gamble Company in Asia. Ms.&nbsp;Lao currently serves on the Board of Directors of
Logitech SA, Modern Times Group MTG AB, and Sitecore Holding II A/S, and is a member of the Harvard Business School European and Global
Advisory Board. Born in the Philippines, Ms.&nbsp;Lao holds a BSc degree in Business Administration and Accountancy from the University
of the Philippines, and an MBA from Harvard Business School. She was certified as a public accountant in the Philippines in 1996.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Cesare
J. Ruggiero.</i></b></font>&nbsp;&nbsp;&nbsp;Mr.&nbsp;Ruggiero has served as a member of our Supervisory Board since September&nbsp;2020
and currently serves on the Nominating, Governance and Compensation Committee. Mr.&nbsp;Ruggiero is a managing director with CPP Investments
in the Portfolio Value Creation group. He works with portfolio companies across private equity, infrastructure and sustainable energies
investments to achieve full value potential. He serves on the Real Assets Investment Committee. Prior to joining CPP Investments in 2014,
Cesare worked at The Boston Consulting Group (BCG) where he advised companies in business strategy and operational improvement. Prior
to BCG, Cesare worked at Capgemini (formerly Cap Gemini Ernst&nbsp;&amp; Young) as the head of the U.S. M&amp;A practice area and co-led
the global M&amp;A practice. Mr.&nbsp;Ruggiero is a member of the Board and the Nomination and Governance Committee of Informatica Inc.
since July&nbsp;2022. He serves on the board of Ports of America and is member of the Compensation Committee and Operations Committee
since December&nbsp;2021. Cesare holds an Hons. BA with high distinction in International Relations from the University of Toronto.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Susan
Gail Saideman.</i></b></font>&nbsp;&nbsp;&nbsp;Ms.&nbsp;Saideman was appointed to our Supervisory Board in November&nbsp;2020 and currently
serves on the Audit Committee. Ms.&nbsp;Saideman is the Chief Executive Officer and founder of Portage Bay Limited, LLC, which provides
consulting and advisory services. Ms.&nbsp;Saideman founded Portage Bay Limited, LLC in September&nbsp;2019 after serving as the General
Manager for Amazon,&nbsp;Inc. (e-commerce) in Seattle from November&nbsp;2013 to November&nbsp;2016 and January&nbsp;2019 to August&nbsp;2019,
and in London from November&nbsp;2016 to December&nbsp;2018. Prior to joining Amazon, Ms.&nbsp;Saideman held a series of General Management
roles at Mars, Mikasa, Newell Rubbermaid and Campbell Soup. In these roles, she worked across channels that included retail stores, wholesale
and ecommerce as well as geographies that included the United States, Canada, Europe, China,&nbsp;India, and the Middle East. Ms.&nbsp;Saideman
started her career in finance at Chase Manhattan and as a strategy consultant at Bain&nbsp;&amp; Company before joining PepsiCo where
she was promoted through increasingly responsible positions at Pepsi-Cola North America and KFC. Currently, Ms.&nbsp;Saideman is a board
member of Church&nbsp;&amp; Dwight since June&nbsp;2019. She is the chairperson of the board of PrePac Manufacturing since October&nbsp;2019,
serves on the advisory board of Endeavor.org and serves on the board of FIRST Washington since September&nbsp;2019. Previously, she was
on the board of DevaCurl. She served on the board of Harvey Mudd College until recently. Ms.&nbsp;Saideman holds an MBA from Harvard
business School and a BA from Dartmouth College.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Michaela
Tod.</i></b></font>&nbsp;&nbsp;&nbsp;Ms.&nbsp;Tod was appointed to our Supervisory Board in January&nbsp;2021 and currently serves on
the Nominating, Governance and Compensation Committee. Ms.&nbsp;Tod previously served as the co-Chief Executive Officer of ProSiebenSat1
TVD GmbH from April&nbsp;2019 to July&nbsp;2020, prior to which she served as the President (Greater) China of Dyson Technology Ltd.
from July&nbsp;2015 to February&nbsp;2019, where she was responsible for the operational leadership of the Greater China business. Ms.&nbsp;Tod
has also served as the Chair of the Supervisory Board of Directors of Virtual Minds AG from April&nbsp;2019 to April&nbsp;2020, a member
of the Supervisory Board of NUCOM Group SE from April&nbsp;2019 to March&nbsp;2020 and a member of the Supervisory Board of Join GmbH
from September&nbsp;2019 to June&nbsp;2020. Ms.&nbsp;Tod is a member of the Supervisory Board of AUGA group since April&nbsp;2021 and
a member of the Advisory Board of Pro Gamers Group since November&nbsp;2021. Ms.&nbsp;Tod holds an MA in Business and Economics from
Wirtschaftsuniversit&auml;t Wien.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Sascha
Zahnd.</i></b></font>&nbsp;&nbsp;&nbsp;Mr.&nbsp;Zahnd was appointed to our Supervisory Board in December&nbsp;2020 and currently serves
on the Audit Committee. Mr.&nbsp;Zahnd is the Chairman of the Board of Valora Holding AG, a leading small-scale retailer in the convenience
and food service sector, and a member of its Audit Committee. Mr.&nbsp;Zahnd served as Vice President EMEA of Tesla International from
December&nbsp;2019 to May&nbsp;2020. In May&nbsp;2016, Mr.&nbsp;Zahnd joined the senior management team of U.S. Tesla,&nbsp;Inc. in Palo
Alto, California, as Vice President Global Supply Chain. Prior to his departure from Tesla in December&nbsp;2020, he was actively involved
in helping to develop future global topics such as mobility, energy, artificial intelligence and Industry 4.0. Previously, Sascha Zahnd
worked for six years at ETA SA/Swatch Group, where as a member of the Executive Board he was responsible for the global supply chain
and the component production plants. In this role, he completely repositioned the entire purchasing and logistics organization and significantly
increased production flexibility. Between 2001 and 2010, Mr.&nbsp;Zahnd worked for IKEA, initially in Switzerland and then in Sweden,
Mexico, the United States and China. He started his career at the retail company as Regional Logistics Manager and went on to hold various
roles including Sales Manager and Deputy to the General Manager of IKEA Retail in New York and finally Head Supply Division Asia Pacific
in Shanghai.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Supervisory Board has two committees: the
Audit Committee and the Nominating, Governance and Compensation Committee. These committees assist the Supervisory Board in its decision-making
and report their findings to the Supervisory Board. Their tasks are laid down in the rules&nbsp;for procedure of the Supervisory Board,
which is available on MYT Netherland&rsquo;s website.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: bottom">
    <td style="width: 66%; border-bottom: black 1pt solid; padding-bottom: 2.5pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Name
    of Committee</b></font></td>
    <td style="width: 1%; border-bottom: white 1pt solid">&nbsp;</td>
    <td style="width: 33%; border-bottom: black 1pt solid; padding-bottom: 2.5pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Current
    Members</b></font></td>
    </tr>
  <tr>
    <td style="vertical-align: top; padding-top: 3.25pt; padding-bottom: 1.5pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Audit
    Committee&#9;</font></td>
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: top; padding-bottom: 0.5pt"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Marjorie Lao (Chairperson)</p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Nora Aufreiter</p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Susan Gail Saideman</p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Sascha Zahnd</p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p></td>
    </tr>
  <tr>
    <td style="vertical-align: top; padding-top: 3.5pt; padding-bottom: 1.5pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Nominating,
    Governance and Compensation Committee&#9;</font></td>
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: top; padding-bottom: 0.5pt"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dennis Gies (Chairperson)</p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">David B. Kaplan</p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Cesare J. Ruggiero</p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Michaela Tod</p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Nora Aufreiter</p></td>
    </tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Audit Committee</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Audit Committee is comprised of four persons,
one of whom is the chair. The Audit Committee undertakes preparatory work for the Supervisory Board&rsquo;s decision making regarding
the supervision of the integrity and quality of financial reporting and the effectiveness of the internal risk management and control
systems of MYT Netherlands. As set forth in the Audit Committee charter included in the rules&nbsp;of procedure of the Supervisory Board,
the Audit Committee&rsquo;s duties and responsibilities to carry out its purpose, include, among others:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">monitoring effectiveness of the internal
                                            risk management and control systems of MYT Netherlands;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">monitoring the accounting process,
                                            the effectiveness of the internal control system, the risk management system and the internal
                                            audit system as well as the audit of the financial statements, in particular regarding the
                                            selection and independence of the auditor and the additional services to be provided by the
                                            auditor;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">monitoring of the Management Board
                                            with regard to: (i)&nbsp;the application of information and communication technology by MYT
                                            Netherlands, including risks relating to cyber security and data privacy; and (ii)&nbsp;the
                                            tax policy of the Company.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">recommendations and proposals to
                                            ensure the integrity and quality of the financial reporting process;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">evaluating the qualification, independence
                                            and performance of the independent external auditor;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">reviewing and discussing with the
                                            external auditor and the Management Board the annual audit plan, including critical accounting
                                            policies and practices to be used;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">reviewing and discussing with the
                                            external auditor and the Management Board the adequacy and effectiveness of the internal
                                            accounting controls and critical accounting policies;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">preparation of the review and discussion
                                            with the external auditor and the Management Board the results of the annual audit and the
                                            review of the quarterly unaudited financial statements;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">reviewing and discussing with the
                                            external auditor and the Management Board any quarterly or annual earnings announcements;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">reviewing and approving, as appropriate,
                                            any related party transactions and reviewing and monitoring, investigating and addressing
                                            potential conflict of interest or other ethical or compliance situations involving any members
                                            of the Management Board or any employee of MYT Netherlands or any of its subsidiaries on
                                            an ongoing basis for compliance with the Code of Conduct;</td></tr><tr style="vertical-align: top">
<td>&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td></tr>
                                                                                                                                          </table>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">overseeing procedures for the receipt,
                                            retention and treatment of complaints received regarding accounting, internal accounting
                                            controls or auditing matters;</td></tr>
<tr style="vertical-align: top">
<td>&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">reviewing and evaluating the performance
                                            of the Audit Committee and its members; and</td></tr>
<tr style="vertical-align: top">
<td>&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">preparation of the Supervisory Board&rsquo;s
                                            resolution on the consolidated and unconsolidated financial statements. The Audit Committee
                                            will meet as often as required for a proper functioning of the Audit Committee, but in any
                                            event at least four times a year and additionally whenever one or more members have requested
                                            a meeting. The Audit Committee will in any event meet before the publication of the annual
                                            results.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Nominating, Governance and Compensation Committee</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our Nominating, Governance and Compensation Committee
is comprised of five persons, one of whom is the chair. As set forth in the charter of the Nominating, Governance and Compensation Committee
included in the rules&nbsp;of procedure of the Supervisory Board, the committee&rsquo;s duties and responsibilities to carry out its
purpose include, among others:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">preparation of appointment proposals
                                            for suitable Management Board and Supervisory Board candidates to be presented to the general
                                            meeting of shareholders;</td></tr>
<tr style="vertical-align: top">
<td>&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">developing, recommending to the Supervisory
                                            Board and monitoring compliance with corporate governance policies;</td></tr>
<tr style="vertical-align: top">
<td>&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">if delegated to it, overseeing the
                                            evaluation of the Supervisory Board and reporting on its performance and effectiveness;</td></tr>
<tr style="vertical-align: top">
<td>&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">reviewing and evaluating the performance
                                            of the Nominating, Governance and Compensation Committee and its members</td></tr>
<tr style="vertical-align: top">
<td>&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">considering all aspects of compensation
                                            and employment terms for the Management Board, making recommendations to and preparing decisions
                                            of the Supervisory Board, discussing the terms of new service agreements for the members
                                            of the Management Board and amendments to existing agreements, including compensation guidelines,
                                            incentive programs, strategy and framework;</td></tr>
<tr style="vertical-align: top">
<td>&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">commissioning, when appropriate,
                                            an independent review of the compensation guidelines and the compensation packages paid to
                                            the members of the Management Board, to ensure that the guidelines reflect the best practices
                                            and that the packages remain competitive and in line with market practice;</td></tr>
<tr style="vertical-align: top">
<td>&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">presenting an evaluation of the Management
                                            Board&rsquo;s performance and making a recommendation to the Supervisory Board regarding
                                            the employment terms and compensation of the Management Board;</td></tr>
<tr style="vertical-align: top">
<td>&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">assisting the Supervisory Board in
                                            the oversight of regulatory compliance with respect to compensation matters, including monitoring
                                            our system for compliance with the relevant provisions of the Dutch Corporate Governance
                                            Code and the listing rules&nbsp;of any relevant security exchange upon which ADSs are listed
                                            concerning the disclosure of information about compensation for the Management Board and
                                            other senior executives;</td></tr>
<tr style="vertical-align: top">
<td>&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">reviewing and recommending any severance
                                            or similar termination payments proposed to be made to any current or former member of the
                                            Management Board; and</td></tr>
<tr style="vertical-align: top">
<td>&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">making recommendations to the Supervisory
                                            Board with respect to the incentive compensation plans and equity-based compensation plans
                                            of MYT Netherlands and discussing and determining amendments to existing plans or the establishment
                                            of new management and employee compensation plans.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>5.3.1. Changes to our supervisory board in
fiscal 2022</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Nora Aufreiter was appointed as member of the
Supervisory Board and she was subsequently appointed as its Chairperson and and member of the Nominating, Governance and Compensation
Committee effective July&nbsp;1, 2021. She was appointed member of the Audit Committee in July&nbsp;2021. Also in July&nbsp;2022, Marjorie
Lao was appointed as Vice Chairperson of the Supervisory Board. On 19 January&nbsp;2022, Dennis Gies and Cesare Ruggiero stepped down
as members of the Audit Committee.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>5.3.2. Activities of and evaluation by the
Supervisory Board</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Supervisory Board provides oversight, evaluates
progress and performance, maintains a sound and transparent system of checks and balances and advises the Management Board, when appropriate.
The focus is on long-term value creation to the best interest of all stakeholders of the company.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In fiscal year 2022, the Supervisory Board held
eight meetings all with a (virtual) attendance of 100%. At the meetings standard items like financial and operational performance, governance
and compliance and risks associated with operations,&nbsp;IR updates and reports from the committees were discussed. The budget for the
upcoming year fiscal year 2023 was approved. In July&nbsp;2021, Marjorie Lao was appointed as vice-chairperson of the Supervisory Board.
The Supervisory Board discussed the company strategy, the ESG framework of the company, it received updates on the logistics infrastructure
and on cyber security. The Supervisory Board discussed the Company strategy in February&nbsp;2022 during an all-day meeting and the Strategy
Plan and the strategy initiatives were approved by the Supervisory Board in May&nbsp;2022. Also in May&nbsp;2022, the Supervisory Board
approved the short-term incentive plan (&ldquo;STI&rdquo;) for fiscal year 2023, the long-term incentive plan &ldquo;LTI&rdquo;) for
fiscal year 2023 and the Management Board compensation for fiscal year 2023. After each meeting, the Supervisory Board met without management
present.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Audit Committee held nine meetings and discussed
regular items such as the interim review of the financial results, accounting, tax, risk, legal and compliance, data protection and privacy,
internal controls (SOX), treasury and insurance. In addition, there were in depth discussions about risk management including the risk
management policy, internal controls over financial reporting, internal audit, cyber security and data protection. The Audit Committee
approved services to be provided by the external auditor KPMG. The external auditor was present at five meetings. The Audit Committee
met twice with the external auditor without management present. The Audit Committee discussed the Dutch statutory accounts for financial
year 2021 in the presence of KPMG, the appointment of the external auditor and the quarterly financial statements and the earnings announcements.
An internal audit function was established the second half of fiscal year 2022 by the Management Board and a head of internal audit was
appointed. In line with the recommendation of the Audit Committee, the Supervisory Board approved the appointment. The head of internal
audit reports to the CFO and also has direct access to the Audit Committee, the Chairperson of the Audit Committee and the external auditor.
The head of internal audit attends the meetings of the Audit Committee on a quarterly basis. . In July&nbsp;2021, Nora Aufreiter was
appointed as member of the Audit Committee. Messrs.&nbsp;Gies and Ruggiero stepped down as members of the Audit Committee in January&nbsp;2022.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Nominating, Governance and Compensation Committee
met in September, November, February&nbsp;and May&nbsp;2022 and discussed diversity and inclusion, payout on the STI fiscal year 2021,
succession planning and leadership bench, the MYT Insider Trading Policy, the appointment of a president for MYT APAC, the employee opinion
survey results and the annual board evaluation. The Nominating, Governance and Compensation Committee discussed the STI and LTI for FY23.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Supervisory Board considers the evaluation of the boards, its committees and its members to be an important aspect of corporate governance.
The Supervisory Board undertakes an annual evaluation of its own effectiveness and performance, of its Committees and individual members
and of the Management Board and its individual members. In May&nbsp;2022, </font>the evaluation process was conducted internally and
supported by the company secretary. Using questionnaires completed by all directors, the key areas which were explored included: board
composition and functioning, access to and relationship with management, board expertise and dynamics, talent and succession planning,
the Supervisory Board&rsquo;s key areas of supervision in relation to strategy development, setting and monitoring the Company&rsquo;s
culture and values, financial performance, market developments, ESG topics, diversity and inclusion and risk and governance. The review
also covered the performance of the Committees and their effectiveness in achieving objectives and fulfilling their terms of reference.
The results of the board evaluation were discussed in the Nominating, Governance and Compensation Committee and subsequently presented
to the Supervisory Board and the Management Board by the Chairperson. In addition, the Chairperson conducted individual performance reviews
with each member of the Management Board and of the Supervisory Board. In addition, the performance of the Chairperson was evaluated.
The outcome of&nbsp;the evaluation confirmed that the Management Board, the Supervisory Board and the Committees continue to operate
effectively, and that all of our directors continue to demonstrate commitment to their role.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">According to Articles of Association, the Supervisory
Board meets as often as its chairperson or at least two members of the Supervisory Board or the Management Board deem necessary. Our
Articles of Association provide that a quorum of the Supervisory Board members is present if at least half of its members entitled to
vote are present or represented during such meeting.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Resolutions of our Supervisory Board are passed
by a simple majority of the votes cast unless otherwise required by law, our Articles of Association or the rules&nbsp;of procedure of
our Supervisory Board. In the event of a tie vote, the proposal is rejected.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>5.4 Diversity Policy</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company recognizes that a mix of skills, experience and education is important for the functioning of the Company and its business. </font>The
Company recognises the importance of diversity within the composition of the Management Board and the Supervisory Board. The Company
believes that a diverse composition contributes to balanced decision-making and a proper functioning of the Management Board and the
Supervisory Board. In view of this the Company has established a diversity policy pursuant to best practice provision 2.1.5 of the Dutch
Corporate Governance Code. The Policy applies to the Management Board and the Supervisory Board. The diversity policy can be found on
the Company website.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
current composition of the&nbsp;Management Board and the Supervisory Board is considered to&nbsp;constitute&nbsp;a&nbsp;good balance
between&nbsp;sector knowledge, experience, education,&nbsp;financial expertise and nationalities.&nbsp;</font>The target set in the diversity
policy is to&nbsp;achieve&nbsp;a gender representation within each of the Management Board and Supervisory Board such that by 2023 each
of the Management Board and the Supervisory Board will at least have one third female members with relevant expertise and knowledge of
digital, high-growth or international businesses.&nbsp;The&nbsp;composition of the Supervisory Board meets current gender diversity requirements.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>5.5 General Meeting and Voting Rights</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Each ordinary share is entitled to one vote.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to article 36 of the articles of association, general meetings may be held in the district of Munich, Germany or in certain other municipalities
within the Federal Republic of Germany. There is in principle no quorum required for a general meeting. In principle, the adoption of
any resolution by the general meeting requires the affirmative vote of a simple majority of the votes permitted to be cast by persons
present and voting at a general meeting at which a quorum is present or, in each case, a unanimous resolution in writing. At least once
a year, a general meeting is held. Pursuant to Dutch law and our articles of association, the convening notice for a general meeting
must be made public at least eight days prior to the meeting by announcement on the MYT website.</font> The agenda and explanatory notes
for the general meeting are published in advance on the website and are available at the depositary agent and at the offices of MYT from
the day of the notice. No resolutions may be adopted on items other than those that have been included in the agenda. Resolutions may
be adopted if not all meeting formalities have been met, subject to the requirements set out in Dutch law, including that all persons
with meeting rights consent to such method of decision-making.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The annual general meeting discusses the annual
report, adopts the annual accounts and votes on the discharge of the members of the Management Board and the Supervisory Board from liability
as separate agenda items in the annual general meeting. The annual general meeting was held virtually on December&nbsp;2, 2021. This
year&rsquo;s annual general meeting will be held on 27 October&nbsp;2022.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>5.6 Share Capital</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under Dutch law and the MYT Netherlands articles
of association, the general meeting is authorized to issue shares. The general meeting may delegate its powers in this respect to another
corporate body of MYT Netherlands and may revoke such delegation. On September&nbsp;17, 2020, the general meeting resolved to delegate
the authority to issue shares to the Management Board for a period of five years. The authority to issue shares is unlimited. A share
issue is effective as of the moment of the execution of a notarial deed of issuance of shares before a Dutch notary.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>5.7
</b></font><b>Corporate Governance Compliance</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company acknowledges the importance of good corporate governance and seeks to consistently enhance and improve corporate governance performance,
emphasizing transparency and a sustainable&nbsp;culture&nbsp;of long-term value creation. </font>MYT Netherlands has implemented standards
of corporate governance and disclosure policies applicable to companies listed on the stock exchange in New York. The Management Board
and the Supervisory Board support the principles and provisions of corporate governance contained the Dutch Corporate Governance Code
2016 (the <b><i>Dutch Code</i></b>), with due regard for the recommendations of the Monitoring Committee in its annual reports and subject
to certain exceptions as explained below. The Dutch Code contains principles and best practice provisions that regulate relations between
the Management Board, the Supervisory Board and the general meeting. Dutch companies whose shares are listed on a government-recognized
stock exchange, such as the NYSE, are required under Dutch law to disclose in their statutory annual reports, filed in the Netherlands
whether or not they apply the provisions of the Dutch Code and, in the event that they do not apply a certain provision, to explain the
reasons why they have chosen to deviate from such provisions (for example, because of a conflicting NYSE requirement). The Company does
not comply with all best practices of the Dutch Code in order to follow market governance practices pursuant to the NYSE and US securities
laws for companies listed in the United States.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following recommendations of the Dutch Code
are not fully applied for reasons explained below:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Best practice provision 1.1.3 Report on
the role of the supervisory board in long term value creation</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For purposes of consistency with our US annual
report, the Dutch statutory annual report does not include a separate report of the Supervisory Board. The reporting by the Supervisory
Board is included in the Dutch annual report.</p>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Best
practice provision 1.2.1 Risk assessmen</i></b></font>t <b><i>and risk appetite, best practice provision 1.2.3 Monitoring of effectiveness
of internal risk management and control systems, </i></b>b<b><i>est practice provision 1.4.3 Statement by the management board on risk
management and internal control</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As MYT Netherlands qualifies as an emerging growth
company as defined in Section&nbsp;2(a)(19) of the US Securities Act, it is permitted to choose to follow disclosure requirements that
are scaled for newly public companies under Sarbanes-Oxley Act Section&nbsp;404(b).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Best practice provision 2.1.7 and 2.1.8
of the Dutch Code: Independence of Supervisory Board members</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Four out of the eight Supervisory Board members
at the end of the financial year, being Ms Saideman (member of the Board of our majority shareholder MYT Holding LLC), Mr.&nbsp;Ruggiero
(CPPIB), Mr.&nbsp;Kaplan (Ares) and Mr.&nbsp;Gies are not considered independent in accordance with the Dutch Corporate Governance Code
as they are representatives of CPPIB and Ares being respective shareholders of MYT Holding. Although Ms.&nbsp;Saideman is an independent
director of MYT Holding LLC and is not affiliated with any shareholder of MYT Holding, she is not considered independent in accordance
with the Dutch Corporate Governance Code due to such board membership. Mr.&nbsp;Gies is not considered independent in accordance with
the Dutch Corporate Governance Code because he briefly served as a member of the Management Board within the last five years. Ms.&nbsp;Saideman
and Messrs.&nbsp;Ruggiero, Kaplan and Gies are considered independent for NYSE and SEC purposes. As is customary for companies listed
on the NYSE, the Company believes that having these directors on the Supervisory Board would better align their interests with those
of the shareholders and provide the benefit of the expertise and historical experience with the Company&rsquo;s business to the other
members of the Supervisory Board.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Best practice provision 2.3.11 Report of
the supervisory board</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
purposes of consistency with the Company&rsquo;s US annual report, the Dutch statutory annual report does not include a separate report
of the Supervisory Board. </font> However, this Dutch statutory Directors and Supervisory Board report contains all information required
to be included in the report of the Supervisory Board.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Best practice provision 2.3.4 of the Dutch
Code: Composition of the Committees</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Nominating, Governance and Compensation Committee
consists of four supervisory directors, three of whom are not considered to be independent under the Dutch Code. Mr.&nbsp;Gies, a former
member of the Management Board, is the chairperson of the Nominating, Governance and Compensation Committee. Mr.&nbsp;Ruggiero, an affiliate
of CPPIB (one of the shareholders of MYT Holding), is a member of the Nominating, Governance and Compensation Committee. Mr.&nbsp;Kaplan,
an affiliate of Ares (one of the shareholders of MYT Holding), is a member of the Nominating, Governance and Compensation Committee.
Messrs.&nbsp;Gies, Ruggiero and Kaplan are considered independent for NYSE and SEC purposes. As is customary for companies listed on
the NYSE, the Company believes that having both directors on the Nominating, Governance and Compensation Committee would better align
their interests with those of the shareholders and provide the benefit of the expertise and historical experience with the Company&rsquo;s
business to the other members of the Nominating, Governance and Compensation Committee.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Audit Committee consists of four supervisory
directors, one of whom is not considered to be independent under the Dutch Code. Ms.&nbsp;Saideman, a member of the Board of MYT Holding,
is a member of the Audit Committee. Ms.&nbsp;Saideman is considered to be independent under the SEC and NYSE rules&nbsp;for service on
the Audit Committee. The Supervisory Board deemed Ms Saideman as most suitable for her role in the Audit Committee given her professional
experience supervising auditing and financial reporting matters.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Best practice provision 3.3.2: Remuneration
of the Supervisory Board members</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As the Company is listed on the NYSE, the Company
also follows certain common U.S. governance practices, among others the customary practice of global companies listed on NYSE to remunerate
Supervisory Board members partly with share grants. The members of the Supervisory Board will be granted restricted share awards, in
the form of ADSs that will vest in their entirety after a full year of serving on the Supervisory Board by the respective members of
the Supervisory Board. The restricted share awards are intended to align the interests of the members of the Supervisory Board with those
of the public shareholders.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Best practice provision 4.3.3: Cancelling
the binding nature of a nomination or dismissal</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This best practice provision provides that the
general meeting of a company not having a statutory two-tier status (<i>structuurregime</i>) may pass a resolution to cancel the binding
nature of a nomination for the appointment of a member of the management board or of the supervisory board and/or a resolution to dismiss
a member of the management board or of the supervisory board by a majority of the votes cast. It may be provided that this majority should
represent a given proportion of the issued capital, which proportion may not exceed one-third. However, pursuant to the articles of association,
a qualified majority of at least two-third of the votes cast, representing more than one half of the Company&rsquo;s share capital, is
required to cancel the binding nature of a nomination for the appointment of a member of the Management Board to better align the Company&rsquo;s
governance with the governance practices of companies listed in the U.S. where senior management is appointed by the board of directors,
or in this case the Supervisory Board.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Material transactions</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">To the best of the Supervisory Board&rsquo;s
knowledge, there are no:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&bull; material transactions between legal or
natural persons who hold at least 10% of the shares in MYT Netherlands as meant by provision 2.7.5 of the Dutch Corporate Governance
Code;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&bull; material transactions of the Company with
a related party that are outside the framework of normal operations or not in line with normal market conditions (Article&nbsp;2:167
Dutch Civil Code); and</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&bull; restrictive agreements with shareholders.
To the best of MYT Netherland&rsquo;s knowledge, its shareholders are not a party to an agreement that could lead to restrictions on
trading in MYT Netherlands shares or on voting rights.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>5.8 Code of Business Conduct and Ethics and
culture</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">MYT Netherlands has adopted a Code of Business
Conduct&nbsp;&amp; Ethics (&ldquo;Code of Conduct&rdquo;), which covers a broad range of matters, including the handling of conflicts
of interest, compliance issues and other corporate policies such as equal opportunity and non-discrimination standards. It includes the
Company's commitment to diversity and inclusion and is available on the Company website. The Company also has a diversity&nbsp;&amp;
inclusion committee and is in the process of setting up intercultural training.&nbsp;&#8203;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>5.9 Risk management and control systems</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">See chapter 4.2 Risk management, risk appetite
and control systems of this report for an overview of the main characteristics of the Company's risk management and control systems relating
to the process of financial reporting by the Company and the Company's group companies whose financial information is included in the
Consolidated Financial Statements. It is our view that given the nature of our business and the practice in our industry and considering
our shareholder structure, it is justified that only four Supervisory Board members are independent. We may need to deviate from the
DCGC's independence definition for supervisory board members either because such provisions conflict with or are inconsistent with the
corporate governance rules&nbsp;of the NYSE and U.S. securities laws that apply to us, or because such provisions do not reflect best
practices of global companies listed on the NYSE. We may need to further deviate from the DCGC's independence definition for supervisory
board members when looking for the most suitable candidates. For example, a future supervisory board candidate may have particular knowledge
of, or experience in our industry, but may not meet the definition of independence in the DCGC. As such background is very important
to the efficacy of our supervisory board, our supervisory board may decide to nominate candidates for appointment who do not fully comply
with the criteria as listed under best practice provision 2.1.8 of the DCGC.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>6. Compensation Report</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>6.1. Compensation policy</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to Section&nbsp;2:135(1)&nbsp;DCC, our
General Meeting has adopted a compensation policy for our management board members (the &quot;<b>Compensation Policy</b>&quot;). The
Compensation Policy is designed to:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">attract, retain and motivate management
                                            board members with the leadership qualities, skills and experience needed to support and
                                            promote the growth and sustainable success of the Company and its business;</td></tr>
<tr style="vertical-align: top">
<td>&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">drive strong business performance,
                                            promote accountability, give management board members the incentive to achieve short and
                                            long-term performance targets with the objective of substantially increasing the Company's
                                            equity value;</td></tr>
<tr style="vertical-align: top">
<td>&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">assure that the interests of the
                                            management board members are closely aligned to those of the Company, its business and its
                                            stakeholders; and</td></tr>
<tr style="vertical-align: top">
<td>&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">ensure the overall market competitiveness
                                            of the compensation packages which may be granted to the management board members, while
                                            providing the supervisory board sufficient flexibility to tailor the Company's compensation
                                            practices on a case-by-case basis, depending on the market conditions from time to time.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We believe that this approach and philosophy
will benefit the realization our long-term objectives while keeping with our risk profile.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The supervisory board is currently not contemplating
to propose any change to the Compensation Policy or the implementation thereof in the upcoming fiscal years.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><b>MYT Netherlands Parent
B.V. 2020 Omnibus Incentive Compensation Plan</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
connection with the IPO</font> we adopted the 2020 Plan, under which we granted equity-based awards in order to attract, motivate and
retain employees and other service providers, align the interests of such persons with our shareholders, and promote ownership of our
equity or pay incentive compensation, including incentive compensation measured by reference to the value of our equity. This package
consists of the &ldquo;Alignment Grant&rdquo; and the &ldquo;Restoration Grant&rdquo;. Furthermore, restricted shares were granted to
supervisory board members as part of the annual plan and selected employees. All equity instruments that were granted under the IPO related
award package and the annual plan are accounted for as equity-settled plans in accordance with IFRS&nbsp;2.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Service
Agreements with Management Board Members</i></font>.&nbsp;&nbsp;&nbsp;We established service agreements with all current members of our
Management Board. We believe that the service agreements between us and the members of our Management Board provide for payments and
benefits that are in line with customary market practice.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Each of the service agreements has an indefinite
term, subject to earlier termination by either party with six&nbsp;months&rsquo; advance notice in writing to the other party at the
end of any calendar month during which period the Management Board member may be placed on garden leave until the time of actual termination
of service. The compensation provided to the Management Board member pursuant to these agreements has three primary elements: (i)&nbsp;base
compensation, (ii)&nbsp;variable compensation, in the form of an annual bonus (&ldquo;STI&rdquo;) that may be earned based on the achievement
of certain objectives mutually agreed between us and the Management Board member, and (iii)&nbsp;long term incentive compensation, in
the form of equity or equity-based awards in respect of our ADSs (&ldquo;LTI&rdquo;), that may be granted to the Management Board member
as determined in the discretion of the Supervisory Board and subject to the terms of our remuneration policy, as in effect from time
to time. In addition, the Management Board member is entitled to participate in employee benefit programs, including health insurance,
disability benefits and annual vacation entitlement pursuant to the service agreement. The service agreement provides for a non-competition
covenant that applies during the twenty-four month period following a termination of the Management Board member&rsquo;s service in consideration
for the continued payment of the Management Board member&rsquo;s half of monthly base compensation during such period. In addition, the
service agreement includes a perpetual confidentiality covenant and invention assignment covenant.</p>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Base
Compensation.</i></font>&nbsp;&nbsp;&nbsp;Pursuant to our remuneration policy, the Supervisory Board will determine each Management Board
member&rsquo;s annual base compensation for his or her full term of appointment as a Management Board member, provided, that the Supervisory
Board will, on an annual basis, review each Management Board member&rsquo;s base compensation for adjustment in the Supervisory Board&rsquo;s
sole discretion. The Supervisory Board is under no obligation to increase any Management Board member&rsquo;s annual base compensation
year over year.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>STI.</i></font>&nbsp;&nbsp;&nbsp;The
annual STI is a cash incentive award provided to Management Board members that is intended to reward performance based on the achievement
of annual short-term objectives that are consistent with our long-term strategic objectives and economic value creation for our shareholders
and other stakeholders. Pursuant to our remuneration policy, each year, the members of the Management Board will be eligible to earn
an STI award based on the achievement of specific targets established annually by the Supervisory Board no later than 60&nbsp;days after
the beginning of the financial year to which the STI award relates. The STI award for a given financial year will be paid in the following
financial year, after our adopted annual accounts for the relevant financial year have been filed with the competent authorities. Individual
and collective targets qualify as commercially sensitive information and, as such, we do not disclose these targets except as may be
required under applicable law or the rules&nbsp;and regulations of the relevant listing exchange. The Supervisory Board has the authority
to adjust any STI award payout if changed circumstances have arisen during the performance period, such as a change in economic and business
conditions, a significant acquisition or disposition or a change in business strategy.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Effective for the financial year following the
completion of this Annual Report, we established that the annual STI award has two performance goals: (i)&nbsp;a gross profit goal, and
(ii)&nbsp;an adjusted EBITDA goal, each of which is weighted in such amounts as determined by the Supervisory Board. The Supervisory
Board may also adopt new or different performance goals at the beginning of the financial year. The gross profit and the adjusted EBITDA
goals are set by the Supervisory Board at the beginning of such financial year based on the approved budget for such financial year.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>LTI.</i></font>&nbsp;&nbsp;&nbsp;The
LTI is an award of equity or equity-based compensation that is intended to encourage long-term economic and shareholder value creation,
align the interests of the Management Board with those of the shareholders and ensure retention of the members of the Management Board.
The LTI consist of an award of to acquire ordinary shares or ADSs, which takes the form of restricted share&nbsp;units, that are subject
to the terms and conditions of the MYT Netherlands Parent B.V. 2020 Omnibus Incentive Compensation Plan, as in effect from time to time
(the &ldquo;2020 Plan&rdquo;), and an award agreement to be entered into between the Company and the Management Board member. The number,
terms and frequency of LTI awards granted to members of the Management Board is determined by the Supervisory Board after taking into
account market levels and company-specific circumstances.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Effective for the financial year 2022, the LTI
consist of a combination of performance-vesting equity awards and time-vesting equity awards, in each case, which represents the right
to receive ADSs following satisfaction of the applicable vesting criteria, for members of the Management Board and the senior management
group.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Annual LTI grants of performance-vesting equity
awards and time-vesting equity awards is made to each member of the Management Board in such amount, including the weighting of such
amount, and subject to such other terms and conditions as determined by the Supervisory Board in accordance with the terms of our remuneration
policy, as in effect from time to time. The initial grant of the LTI awards is made to members of the Management Board upon.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The performance-vesting equity awards are in
the form of restricted share units (which are referred to as &ldquo;LTI Performance Shares&rdquo;). Subject to achievement of the applicable
performance goals and the recipient&rsquo;s continued employment, the LTIP Performance Shares award is paid out in the form of ADSs at
the end of the applicable performance period.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The time-vesting equity awards are in the form
of restricted share units that will generally vest annually over a three year period from the date of grant, subject to continued employment
through each vesting date.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We anticipate that other employees who do not
participate in the LTI award program may receive grants of time-vesting equity awards from time to time in the form of restricted share
units that generally vest annually over three years.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>6.2. Compensation of Management Board Members</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The amount of compensation,
including benefits in kind, accrued or paid to our management board members with respect to their service on the management board in
the year ended June&nbsp;30, 2022 was in total combined &euro;43,716 thousand (previous year: &euro;67,586 thousand) . See note 26 in
the Notes in the Consolidated Financial Statements for further details.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our management board held the following shares
and/or options (both vested and unvested) as of June&nbsp;30, 2022:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><b><i>a)</i></b></td><td style="text-align: justify"><b><i>Description of share-based
                                            compensation arrangements</i></b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In connection with the IPO,
share-based compensation programs were granted in January&nbsp;2021 among others to the management board members and supervisory board
members. Those members were granted an IPO related award package. This package consists of the &ldquo;Alignment Grant&rdquo; and the
 &ldquo;Restoration Grant&rdquo;. Furthermore, restricted shares were granted to supervisory board members as part of the annual plan.
All equity instruments that were granted under the IPO related award package and the annual plan are accounted for as equity-settled
plans in accordance with IFRS&nbsp;2.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in">i)</td><td style="text-align: justify"><u>IPO Related One-Time Award Package</u></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i>Alignment Grant</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under this share-based payment
program, the options vest and become exercisable with respect to 25 % on each on the first four anniversaries of the grant date (January&nbsp;20,
2021). After vesting, each option grants the right to purchase one share at a predefined exercise price per share. The vested options
can be exercised up to 10 years after the grant date. The granted options are divided into three different tranches which have varying
exercise prices. Overall, 5,033,988 options with a weighted average exercise price of USD 8.30 were granted to management board members.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In connection with a Rule&nbsp;10b5-1
plan, established in December&nbsp;2021, certain members of our Management Board sold 71,086 of ADSs of the Company&rsquo;s ADSs on the
open market during the fiscal year ended June&nbsp;30, 2022 at a weighted average price per ADS of $18.59.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i>Restoration Grant</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under this share-based payment
program, each phantom share represents the right of the grantee to receive one ADS in exchange for a phantom share. The granted phantom
share vested immediately on the grant date and can be converted into an ADS at any time but are subject to transfer restrictions after
conversion. Up to 25% of the granted phantom shares can be transferred after conversion at any time after the second anniversary of the
grant date. The remaining 75% of the granted phantom shares can be transferred after conversion if certain conditions are met or at the
fourth anniversary of the grant date at latest. The phantom shares can be converted into ADSs up to 10 years after the grant date. Overall,
1,597,751 phantom shares were granted to the management board members.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As the phantom shares granted
under the Restoration Award are not subject to an exercise price, the grant date fair value amounts to USD 31, the closing share price
on the first trading day.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in">ii)</td><td style="text-align: justify"><u>Annual Plan</u></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i>Long-Term Incentive Plan</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under this share-based payment
program, 92,055 restricted share units (&ldquo;RSUs&rdquo;) were granted to our management board. Each restricted share unit (&ldquo;RSU&rdquo;)
represents the right to receive an ADS (and the ordinary shares represented thereby) of MYT Netherlands Parent B.V. upon vesting, based
on the deemed value of award on grant date.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Out of the granted RSUs,
32,219 RSUs; &ldquo;time-vesting RSUs&rdquo; will be subject to a time-based vesting and 59,836 RSUs; &ldquo;non-market performance RSUs&rdquo;
will be subject to a time and performance based vesting. One-third (1/3) of the time-vesting RSUs awarded will vest in substantially
equal installments on each of June&nbsp;30, 2022, June&nbsp;30, 2023 and June&nbsp;30, 2024, subject to continued service on such vesting
dates.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The non-market performance
RSUs will vest after 3 years on June&nbsp;30, 2024 and contain a performance condition that will determine the number of shares awardable
at the end of the performance period pursuant to the respective vested restricted share units. The performance condition is based upon
the three-year cumulative gross profit target. Potential award levels range from 25-200% of the grant depending on the achievement of
a gross profit target over the three-year period. As the RSUs are not subject to an exercise price, the grant date fair value amounts
to USD&nbsp;30.68, the closing share price of the grant date.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><u>Supervisory Board Members</u></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The amount of compensation, including benefits
in kind, accrued or paid to our supervisory board members with respect to the year ended June&nbsp;30, 2022 was in total combined &euro;1,162
thousand.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in">iii)</td><td style="text-align: justify"><u>Annual Plan</u></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i>Supervisory Board Members
Plan</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under this share-based payment
program a certain number of restricted share awards was granted to supervisory board members. The ADSs (and the shares represented thereby)
issued on the grant date pursuant to the restricted share award are subject to forfeiture in the event that grantee resigns or is removed
from the supervisory board prior to the vesting date. The granted equity instruments vested on December&nbsp;31, 2021. As the restricted
share awards are not subject to an exercise price, the grant date fair value amounts to USD 31, the closing share price on the first
trading day.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of July&nbsp;1, 2021,
two Supervisory Board Members have been granted a certain number of restricted share awards. The ADSs (and the shares represented thereby)
issued on the grant date pursuant to the restricted share award are subject to forfeiture in the event that grantee resigns or is removed
from the supervisory board prior to the vesting date. The granted equity instruments vest on June&nbsp;30, 2022. As the restricted share
awards are not subject to an exercise price, the grant date fair value amounts to USD 30.68, the closing share price of the grant date.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of February&nbsp;9, 2022
four Supervisory Board Members have been granted a certain number of restricted share awards. The ADSs (and the shares represented thereby)
issued on the grant date pursuant to the restricted share award are subject to forfeiture in the event that grantee resigns or is removed
from the supervisory board prior to the vesting date. The granted equity instruments vest on February&nbsp;9, 2023. As the restricted
share awards are not subject to an exercise price, the grant date fair value amounts to USD 16.02, the closing share price on the grant
date.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following table summarizes the main features of the annual plan:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="background-color: white">
    <td style="padding-bottom: 1pt; white-space: nowrap"><b>&nbsp;</b></td>
    <td style="padding-bottom: 1pt; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><b>&nbsp;</b></td>
    <td style="padding-bottom: 1pt; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><b>&nbsp;</b></td>
    <td colspan="6" style="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><b>Annual
    Plan</b></td></tr>
  <tr style="background-color: white">
    <td style="border-bottom: Black 1pt solid; white-space: nowrap"><b>Type of <br>
    arrangement</b></td>
    <td style="padding-bottom: 1pt; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><b>&nbsp;</b></td>
    <td style="padding-bottom: 1pt; white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><b>&nbsp;</b></td>
    <td colspan="3" style="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><b>Supervisory
    Board Members plan</b></td>
    <td style="padding-bottom: 1pt; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><b>&nbsp;</b></td>
    <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><b>Long-Term
    Incentive Plan</b></td></tr>
  <tr style="background-color: rgb(204,238,255)">
    <td style="white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Type of Award</font></td>
    <td style="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</td>
    <td colspan="3" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Restricted
    Shares</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Time-vesting
    RSUs</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-market
    performance RSUs</font></td></tr>
  <tr style="background-color: White">
    <td style="white-space: nowrap; width: 15%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date of first
    grant</font></td>
    <td style="white-space: nowrap; vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</td>
    <td style="width: 15%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">January&nbsp;20,
    2021</font></td>
    <td style="width: 14%; padding-right: 3.5pt; padding-left: 2.45pt; text-align: right; text-indent: -2.45pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">July&nbsp;1,
    2021</font></td>
    <td style="width: 15%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">February&nbsp;9,
    2022</font></td>
    <td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</td>
    <td style="width: 15%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">July&nbsp;1,
    2021</font></td>
    <td style="vertical-align: top; width: 23%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">July&nbsp;1,
    2021</font></td></tr>
  <tr style="background-color: rgb(204,238,255)">
    <td style="white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Number granted</font></td>
    <td style="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</td>
    <td style="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">15,384</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 2.45pt; text-align: right; text-indent: -2.45pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">7,393</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">22,880</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">32,219</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">59,836</font></td></tr>
  <tr style="background-color: White">
    <td style="white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Vesting conditions</font></td>
    <td style="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    restricted shares are scheduled to vest in full on December&nbsp;31, 2021.</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 2.45pt; text-align: right; text-indent: -2.45pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    restricted shares are scheduled to vest in full on June&nbsp;30, 2022.</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    restricted shares are scheduled to vest in full on February&nbsp;9, 2023.</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</td>
    <td style="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Graded vesting of 1/3 of the time vesting RSUs over the next three
    years.</p></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3
    year&rsquo;s services from grant date and achievement of a certain level of cumulative gross profit.</font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">See note 27 in the Notes in the Consolidated
Financial Statements for further details</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>7. Related Party Disclosures</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For related party transactions that occurred
in fiscal 2022, see Note 26 - Related Party Disclosures in the Notes to the Company Financial Statements (section 9). Best practice provision
2.7.5 of the DCGC, has been observed with regard to such transactions. No transactions of significance in which members of our management
board or our supervisory board had a conflict of interest, occurred in fiscal 2022.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>7.1. Agreements with management board or supervisory
board members</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For a description of our agreements with our
management board and supervisory board members, please see section 5.2. Management Board and 5.3. Supervisory Board.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>7.2. Indemnification agreements</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We have entered into indemnification agreements
with members of our management board and our supervisory board. Our articles of association require us to indemnify our management board
members and supervisory board members to the fullest extent permitted by law.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>8. Protective Measures</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dutch law allows Dutch companies to have certain
protective measures in place, in order to safeguard the interests of a company, its business and its stakeholders. The Articles include
certain provisions that may discourage a potential bidder and may be perceived as protective measures.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">Management board members and supervisory
                                            board members can be appointed only pursuant to a binding nomination prepared by the supervisory
                                            board. This means that the nominee shall be appointed to the management board or supervisory
                                            board, as the case may be, unless the General Meeting strips the binding nature of the nomination,
                                            which requires a resolution by a two thirds majority representing at least half of the issued
                                            share capital.</td></tr>
<tr style="vertical-align: top">
<td>&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">&bull;</td><td style="text-align: justify">Certain material resolutions can
                                            only be adopted by the General Meeting at the proposal of the management board subject to
                                            the approval of the supervisory board. These resolutions include the resolutions to issue
                                            shares, to exclude preemption rights, to decrease the issued share capital, to amend the
                                            Articles, to enter into a merger or demerger or to liquidate the company.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SIGNATURES</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="margin: 0"><font style="font-size: 10pt">Munich, September&nbsp;16, 2022</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>The Management Board,</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; width: 50%; text-align: left"><font style="font-size: 10pt">M. Kliger</font></td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; width: 50%; text-align: left"><font style="font-size: 10pt">M. Beer</font></td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="text-align: left"><font style="font-size: 10pt">&nbsp;</font></td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-size: 10pt">CEO</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-size: 10pt">CFO</font></td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="text-align: left"><font style="font-size: 10pt">&nbsp;</font></td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-size: 10pt">[appointed on September&nbsp;21, 2020]</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-size: 10pt">[appointed on September&nbsp;21, 2020]</font></td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="text-align: left"><font style="font-size: 10pt">&nbsp;</font></td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">S. Dietzmann</font></td>
    <td style="font: bold 10pt Times New Roman, Times, Serif"><font style="font-size: 10pt">I. May</font></td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="text-align: left"><font style="font-size: 10pt">&nbsp;</font></td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-size: 10pt">COO</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-size: 10pt">CCEO</font></td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="text-align: left"><font style="font-size: 10pt">&nbsp;</font></td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-size: 10pt">[appointed on January&nbsp;8, 2021]</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-size: 10pt">[appointed on January&nbsp;8, 2021]</font></td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>G. Locke</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">CGO</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">[appointed on January&nbsp;8, 2021]</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Supervisory Board,</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="width: 36%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">D.T. Gies</td>
    <td style="width: 32%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">M.D. Kaplan</td>
    <td style="width: 32%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">C. Ruggiero</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="text-align: left">&nbsp;</td>
    <td style="text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: 10pt Times New Roman, Times, Serif">[appointed on September&nbsp;17, 2020]</td>
    <td style="font: 10pt Times New Roman, Times, Serif">[appointed on January&nbsp;7, 2021]</td>
    <td style="font: 10pt Times New Roman, Times, Serif">[appointed on September&nbsp;17, 2020]</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="text-align: left">&nbsp;</td>
    <td style="text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">M. Lao</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">S. G. Saidemann</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">M. Tod</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="text-align: left">&nbsp;</td>
    <td style="text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: 10pt Times New Roman, Times, Serif">[appointed on November&nbsp;19, 2020]</td>
    <td style="font: 10pt Times New Roman, Times, Serif">[appointed on November&nbsp;19, 2020]</td>
    <td style="font: 10pt Times New Roman, Times, Serif">[appointed on January&nbsp;7, 2021]</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="text-align: left">&nbsp;</td>
    <td style="text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">S. Zahnd</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">N. Aufreiter</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="text-align: left">&nbsp;</td>
    <td style="text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: 10pt Times New Roman, Times, Serif">[appointed on December&nbsp;12, 2020]</td>
    <td style="font: 10pt Times New Roman, Times, Serif">[appointed on June&nbsp;30, 2021]</td>
    <td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><a name="ABC1"></a>Financial Statements Fiscal Year 2022</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><a name="ABC2"></a><b>9. Consolidated Financial
Statements as of June&nbsp;30, 2022</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>MYT Netherlands Parent B.V.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>A.1 Consolidated Statements of Profit and loss
and Comprehensive Income</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="5" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Year Ended June&nbsp;30,</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands, except share and per share data)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Note</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2020</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2022</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 47%; font: 10pt Times New Roman, Times, Serif; text-align: left">Net sales</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 12%; font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.8</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 12%; font: 10pt Times New Roman, Times, Serif; text-align: right">449,487</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 12%; font: 10pt Times New Roman, Times, Serif; text-align: right">612,096</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 12%; font: 10pt Times New Roman, Times, Serif; text-align: right">689,750</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Cost of sales, exclusive of depreciation and amortization</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(239,546)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(325,053)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(334,758)</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Gross profit</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">209,941</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">287,043</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">354,992</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Shipping and payment cost</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(52,857)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(71,466)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(97,697)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Marketing expenses</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(62,507)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(81,558)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(96,093)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Selling, general and administrative expenses</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.9</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(66,427)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(157,151)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(148,172)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Depreciation and amortization</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.14, <br> A.5.15, <br>A. 5.16</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(7,885)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(8,232)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(9,088)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Other income (loss), net</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.10</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">645</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(799)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">892</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Operating income</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">20,910</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(32,162)</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">4,834</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Finance income</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">56</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">22,416</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">0</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Finance costs</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(11,175)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(7,325)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(998)</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Finance income (costs), net</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.11</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(11,119)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">15,091</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(998)</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Income before income taxes</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">9,791</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(17,070)</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">3,836</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Income tax expense</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.12</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(3,441)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(15,534)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(11,734)</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Net income (loss)</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">6,350</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(32,604)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(7,898)</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Foreign currency translation</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">4,730</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(74)</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Other comprehensive income</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">4,730</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(74)</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Comprehensive income (loss)</td><td style="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="padding-bottom: 2.5pt; font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">11,080</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(32,604)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(7,972)</td>
    <td style="padding-bottom: 2.5pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Basic and diluted earnings per share</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.13</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">&euro; 0.09</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">&euro; (0.42)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">&euro; (0.09)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Weighted average ordinary shares outstanding (basic and diluted) - in millions</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">70.2</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">77.4</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">86.3</td>
    <td>&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">The accompanying notes are an integral part of
these consolidated financial statements.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>MYT Netherlands Parent B.V.</b>&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>A.2 Consolidated Statements of Financial Position</b>&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(after profit appropriation)</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">Note</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June&nbsp;30, 2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June&nbsp;30, 2022</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif">Assets</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Non-current assets</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 66%; font: 10pt Times New Roman, Times, Serif; text-align: left">Non-current financial assets</td><td style="width: 1%; font-size: 10pt">&nbsp;</td>
    <td style="width: 10%; font-size: 10pt">&nbsp;</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">175</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">294</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Intangible assets and goodwill</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.14</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">155,611</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">155,223</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Property and equipment</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.15</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">8,810</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">17,691</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Right-of-use assets</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.16</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">14,009</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">21,677</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Deferred tax assets</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.25</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">6,090</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Total non-current assets</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">178,606</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">200,975</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Current assets</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: center">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif">Inventories</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.17</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">247,054</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">230,144</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Trade and other receivables</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.18</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">5,030</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">8,276</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Other assets</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.19</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">14,492</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">61,874</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Cash and cash equivalents</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">76,760</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">113,507</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Total current assets</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">343,335</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">413,801</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Total assets</td><td style="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">521,941</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">614,776</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: center">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Shareholders&rsquo; equity and liabilities</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: center">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Subscribed capital</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.20</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Capital reserve</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.20</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">444,951</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">498,872</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Accumulated Deficit</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: center">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(60,837)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(68,734)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Accumulated other comprehensive income</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font-size: 10pt">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,602</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,528</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Total shareholders&rsquo; equity</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">385,718</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">431,667</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: center">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Non-current liabilities</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: center">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif">Provisions</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.23</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">717</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">758</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Lease liabilities</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.16, A.5.28</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">8,786</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">16,817</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Deferred income tax liabilities</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.25</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">2,308</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">3,661</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Total non-current liabilities</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">11,811</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">21,237</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Current liabilities</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: center">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Tax liabilities</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.22</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">14,293</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">25,892</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Lease liabilities</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.16, A.5.28</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">5,361</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">5,189</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Contract liabilities</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.8</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">10,975</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">10,746</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Trade and other payables</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: center">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">43,558</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">45,156</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Other liabilities</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.24</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">50,225</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">74,889</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Total current liabilities</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">124,412</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">161,872</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Total liabilities</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">136,223</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">183,109</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Total shareholders&rsquo; equity and liabilities</td><td style="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">521,941</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">614,776</td>
    <td>&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">The accompanying notes are an integral part of
these consolidated financial statements.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>MYT Netherlands Parent B.V.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>A.3 Consolidated Statements of Changes in Equity</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font: bold 9pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font: bold 9pt Times New Roman, Times, Serif; text-align: center">Note</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Subscribed<br> capital</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Capital<br> reserve</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Accumulated<br> deficit</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Foreign<br> currency<br> translation<br> reserve</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Total <br> shareholders&rsquo;<br> equity</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 33%; font: bold 9pt Times New Roman, Times, Serif">Balance as of July&nbsp;1, 2019</td><td style="width: 1%; font-size: 9pt">&nbsp;</td>
    <td style="width: 10%; font-size: 9pt; text-align: center">&nbsp;</td><td style="width: 1%; font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: bold 9pt Times New Roman, Times, Serif; text-align: right">72</td><td style="width: 1%; font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: bold 9pt Times New Roman, Times, Serif; text-align: right">148,960</td><td style="width: 1%; font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: bold 9pt Times New Roman, Times, Serif; text-align: right">(34,584)</td><td style="width: 1%; font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: bold 9pt Times New Roman, Times, Serif; text-align: right">(3,128)</td><td style="width: 1%; font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: bold 9pt Times New Roman, Times, Serif; text-align: right">111,320</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: left">Net income</td><td style="font-size: 9pt">&nbsp;</td>
    <td style="font-size: 9pt; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">6,350</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">6,350</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Other comprehensive income</td><td style="font-size: 9pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font-size: 9pt; text-align: right">&nbsp;</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">4,730</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">4,730</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: left">Comprehensive income</td><td style="font-size: 9pt">&nbsp;</td>
    <td style="font-size: 9pt; text-align: center">&nbsp;</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">6,350</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">4,730</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">11,080</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 9pt Times New Roman, Times, Serif">Distribution</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: center">A.5.4</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">(191,207)</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">(191,207)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 9pt Times New Roman, Times, Serif">Contribution</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: center">A.5.4</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">96,938</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">96,938</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: left">Legal Reorganization</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: center">A.5.4</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">(71)</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">36,252</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">36,180</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Share-based compensation</td><td style="font-size: 9pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font-size: 9pt; text-align: center">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">65</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">65</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">Balance as of June&nbsp;30, 2020</td><td style="font-size: 9pt; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="padding-bottom: 2.5pt; font-size: 9pt; text-align: center">&nbsp;</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 9pt Times New Roman, Times, Serif; text-align: right">1</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 9pt Times New Roman, Times, Serif; text-align: right">91,008</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 9pt Times New Roman, Times, Serif; text-align: right">(28,234)</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 9pt Times New Roman, Times, Serif; text-align: right">1,602</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 9pt Times New Roman, Times, Serif; text-align: right">64,377</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 9pt">&nbsp;</td><td style="font-size: 9pt">&nbsp;</td>
    <td style="font-size: 9pt; text-align: center">&nbsp;</td><td style="font-size: 9pt">&nbsp;</td>
    <td style="font-size: 9pt; text-align: right">&nbsp;</td><td style="font-size: 9pt">&nbsp;</td>
    <td style="font-size: 9pt; text-align: right">&nbsp;</td><td style="font-size: 9pt">&nbsp;</td>
    <td style="font-size: 9pt; text-align: right">&nbsp;</td><td style="font-size: 9pt">&nbsp;</td>
    <td style="font-size: 9pt; text-align: right">&nbsp;</td><td style="font-size: 9pt">&nbsp;</td>
    <td style="font-size: 9pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 9pt Times New Roman, Times, Serif">Balance as of July&nbsp;1, 2020</td><td style="font-size: 9pt">&nbsp;</td>
    <td style="font-size: 9pt; text-align: center">&nbsp;</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">1</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">91,008</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">(28,234)</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">1,602</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">64,377</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: left">Net loss</td><td style="font-size: 9pt">&nbsp;</td>
    <td style="font-size: 9pt; text-align: center">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">(32,604)</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">(32,604)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Other comprehensive income</td><td style="font-size: 9pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font-size: 9pt; text-align: center">&nbsp;</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: left">Comprehensive loss</td><td style="font-size: 9pt">&nbsp;</td>
    <td style="font-size: 9pt; text-align: center">&nbsp;</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">(32,604)</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">(32,604)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: left">Capital increase - initial public offering</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: center">A.5.20</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">283,224</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">283,224</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: left">IPO related transaction costs</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: center">A.5.20</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">(4,550)</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">(4,550)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Share-based compensation</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font: 9pt Times New Roman, Times, Serif; text-align: center">A.5.27</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">75,270</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">75,270</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 9pt Times New Roman, Times, Serif">Balance as of June&nbsp;30, 2021</td><td style="font-size: 9pt">&nbsp;</td>
    <td style="font-size: 9pt; text-align: center">&nbsp;</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">1</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">444,951</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">(60,837)</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">1,602</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">385,718</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 9pt">&nbsp;</td><td style="font-size: 9pt">&nbsp;</td>
    <td style="font-size: 9pt; text-align: center">&nbsp;</td><td style="font-size: 9pt">&nbsp;</td>
    <td style="font-size: 9pt; text-align: right">&nbsp;</td><td style="font-size: 9pt">&nbsp;</td>
    <td style="font-size: 9pt; text-align: right">&nbsp;</td><td style="font-size: 9pt">&nbsp;</td>
    <td style="font-size: 9pt; text-align: right">&nbsp;</td><td style="font-size: 9pt">&nbsp;</td>
    <td style="font-size: 9pt; text-align: right">&nbsp;</td><td style="font-size: 9pt">&nbsp;</td>
    <td style="font-size: 9pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 9pt Times New Roman, Times, Serif">Balance as of July&nbsp;1, 2021</td><td style="font-size: 9pt">&nbsp;</td>
    <td style="font-size: 9pt; text-align: center">&nbsp;</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">1</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">444,951</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">(60,837)</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">1,602</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">385,718</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: left">Net loss</td><td style="font-size: 9pt">&nbsp;</td>
    <td style="font-size: 9pt; text-align: center">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">(7,898)</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">(7,898)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Other comprehensive income</td><td style="font-size: 9pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font-size: 9pt; text-align: center">&nbsp;</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">(74)</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">(74)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Comprehensive loss</td><td style="font-size: 9pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font-size: 9pt; text-align: center">&nbsp;</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 9pt Times New Roman, Times, Serif; text-align: right">(7,898)</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 9pt Times New Roman, Times, Serif; text-align: right">(74)</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 9pt Times New Roman, Times, Serif; text-align: right">(7,972)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: left">IPO related transaction costs</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: center">A.5.20</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">1,249</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">1,249</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 9pt Times New Roman, Times, Serif">Share options exercised</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: center">A.5.27</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">369</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">369</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Share-based compensation</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font: 9pt Times New Roman, Times, Serif; text-align: center">A.5.27</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">52,303</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">52,303</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">Balance as of June&nbsp;30, 2022</td><td style="font-size: 9pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font-size: 9pt; text-align: center">&nbsp;</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 9pt Times New Roman, Times, Serif; text-align: right">1</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 9pt Times New Roman, Times, Serif; text-align: right">498,872</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 9pt Times New Roman, Times, Serif; text-align: right">(68,734)</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 9pt Times New Roman, Times, Serif; text-align: right">1,528</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 9pt Times New Roman, Times, Serif; text-align: right">431,667</td>
    <td>&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">The accompanying notes are an integral part of
these consolidated financial statements.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>MYT Netherlands Parent B.V.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>A.4 Consolidated Statements of Cash Flows</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="5" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Year ended June&nbsp;30,</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">Note</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2020</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2022</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 55%; font: 10pt Times New Roman, Times, Serif; text-align: left">Net income (loss)</td><td style="width: 1%; font-size: 10pt">&nbsp;</td>
    <td style="width: 10%; font-size: 10pt; text-align: center">&nbsp;</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">6,350</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(32,604)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(7,898)</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Adjustments for</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: center">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;&nbsp;&nbsp;Depreciation and amortization</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.14,<br> A.5.15,<br> A.5.16</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">7,885</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">8,232</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">9,088</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;&nbsp;&nbsp;Finance (income) costs, net</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.11</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">11,119</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(15,091)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">998</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;&nbsp;&nbsp;Share-based compensation</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.27</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">65</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">75,270</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">52,303</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;&nbsp;&nbsp;Income tax expense</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.12</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">3,441</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">15,534</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">11,734</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Change in operating assets and liabilities</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: center">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;&nbsp;&nbsp;(Decrease) increase in provisions</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.23</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(200)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">135</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">41</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;&nbsp;&nbsp;(Increase) decrease in inventories</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.17</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(33,097)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(77,922)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">16,910</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;&nbsp;&nbsp;(Increase) decrease in trade and other receivables</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: center">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">833</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(215)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(3,246)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;&nbsp;&nbsp;Decrease (increase) in other assets</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.19</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(10,510)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">4,281</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(47,382)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;&nbsp;&nbsp;(Decrease) increase in other liabilities</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.24</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">17,894</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(1,809)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">24,665</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;&nbsp;&nbsp;Increase (decrease) in contract liabilities</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: center">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">2,210</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">4,217</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(229)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;&nbsp;&nbsp;Increase (decrease) in trade and other payables</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: center">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">6,745</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">7,400</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,598</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">&nbsp;&nbsp;&nbsp;Decrease (increase) in non-current financial assets</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(119)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Income taxes paid</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(2,176)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(3,915)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(3,623)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Net cash provided by (used in) operating activities</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">10,559</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(16,486)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">54,840</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Expenditure for property and equipment and intangible assets</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: center">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(2,420)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(2,934)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(11,923)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Proceeds from sale of property and equipment</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">40</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Net cash (used in) investing activities</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(2,420)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(2,894)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(11,923)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Interest paid</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.29</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(2,973)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(4,257)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(998)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Proceeds from bank liabilities</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.21</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">90,750</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">64,990</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Repayment of liabilities from banks</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.21</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(84,399)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(74,990)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Repayment of Shareholder loan</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.29</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(171,827)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Proceeds from capital increase - initial public offering</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.20</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">283,224</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">IPO preparation and transaction costs</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.20</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(4,550)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Proceeds from exercise of option awards</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.27</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">369</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Lease payments</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: center">A.5.16</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(4,256)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(5,800)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(5,466)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Net cash (used in) provided by financing activities</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(878)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">86,790</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(6,095)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Net increase (decrease) in cash and cash equivalents</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">7,261</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">67,411</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">36,822</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Cash and cash equivalents at the beginning of the period</td><td style="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">2,120</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">9,367</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">76,760</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Effects of exchange rate changes on cash and cash equivalents</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(14)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(18)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(74)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Cash and cash equivalents at end of the period</td><td style="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="padding-bottom: 2.5pt; font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">9,367</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">76,760</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">113,507</td>
    <td>&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">The accompanying notes are an integral part of
these consolidated financial statements.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>MYT Netherlands Parent B.V.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>A.5 Notes to the Consolidated Financial Statements</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(Amounts in &euro; thousands, except share
and per share data)</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.1 General</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"></td><td style="width: 0.25in"><b>a)</b></td><td><b>Reporting entity and relationship with parent company (companies)</b></td></tr></table>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">MYT Netherlands Parent B.V.
(the &ldquo;Company&rdquo;, together with its subsidiaries, &ldquo;Mytheresa Group&rdquo;) is a private company with limited liability,
incorporated by MYT Holding LLC under the laws of the Netherlands on May&nbsp;31,&nbsp;2019. The statutory seat of the Company is in
Amsterdam, the Netherlands. The registered office address and headquarters of the Company is at Einsteinring 9, 85609 Aschheim, Germany.
The Company is registered at the trade register of the German Chamber of Commerce under number 261084.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of June&nbsp;30, 2022,
78.4% of the shares of the Company were held by MYT Holding LLC, Dallas, USA. The remaining shares are publicly held. The shares of the
Company have been listed on the New York Stock Exchange under the symbol &ldquo;MYTE&rdquo; since January&nbsp;21, 2021.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These
consolidated financial statements comprise the Company and its subsidiaries (collectively the &lsquo;Group&rsquo; and individually &lsquo;Group
companies&rsquo;). For the previous reporting period, t</font>hese financial statements cover the period July&nbsp;1, 2020 up to and
including June&nbsp;30, 2022.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company is a holding
company. Through its subsidiary Mytheresa Group GmbH (&ldquo;MGG&rdquo;), Mytheresa Group operates a digital platform for the global
luxury fashion consumer, in addition to its flagship retail store and men&rsquo;s location in Munich. Mytheresa Group started as one
of the first multi-brand luxury boutiques in Germany and launched its online business in 2006. Mytheresa Group provides customers with
a highly curated selection of products, access to exclusive capsule collections, in-house produced content, and a personalized, memorable
shopping experience.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.75in"></td><td style="text-align: justify; width: 0.25in"><b>b)</b></td><td style="text-align: justify"><b>Financial
                                            reporting period</b></td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">These financial statements
cover the financial year which ended at the balance sheet date of June&nbsp;30, 2022.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.75in"></td><td style="text-align: justify; width: 0.25in"><b>c)</b></td><td style="text-align: justify"><b>Going
                                            concern</b></td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The financial statements
are prepared under the assumption that the business will continue as a going concern. Management believes that Mytheresa Group has adequate
resources to continue operations for the foreseeable future.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.75in"></td><td style="text-align: justify; width: 0.25in"><b>d)</b></td><td style="text-align: justify"><b>Application
                                            of Section&nbsp;402, Book 2 of the Dutch Civil Code</b></td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The financial information
of the Company is included in the consolidated financial statements. For this reason, in accordance with Section&nbsp;402, Book 2 of
the Dutch Civil Code, the separate profit and loss account of the Company exclusively states the share of the result of participating
interests after tax and the other income and expenses after tax.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For an appropriate interpretation
of these statutory financial statements, the consolidated financial statements of the Company should be read in conjunction with the
separate financial statements, as included elsewhere in this report.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.2 &nbsp;Basis of presentation</b></p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.75in"></td><td style="text-align: justify; width: 0.25in"><b>a)</b></td><td style="text-align: justify"><b>Statement
                                            of compliance</b></td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The consolidated financial
statements of the Company are part of the statutory financial statements of the Company. These consolidated financial statements have
been prepared in accordance with International Financial Reporting Standards as adopted by the European Union (&ldquo;EU IFRS&rdquo;),
taking into account the recommendations of the International Financial Reporting Standards Interpretations Committee (&ldquo;IFRIC&rdquo;),
and with Section&nbsp;2:362(9)&nbsp;of the Dutch Civil Code.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The consolidated financial
statements of Mytheresa Group were authorized for issue by the Management Board on September&nbsp;12, 2022.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.75in"></td><td style="text-align: justify; width: 0.25in"><b>b)</b></td><td style="text-align: justify"><b>Basis
                                            of measurement</b></td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The accounting principles
set out below, unless stated otherwise, have been applied consistently for all periods presented in the consolidated financial statements.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The consolidated financial
statements have been prepared on a historical cost basis, unless otherwise stated. All amounts presented are rounded to the nearest thousand
except when otherwise indicated. Due to rounding, differences may arise when individual amounts or percentages are added together.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.75in"></td><td style="text-align: justify; width: 0.25in"><b>c)</b></td><td style="text-align: justify"><b>Functional
                                            and presentation currency</b></td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The consolidated financial
statements are presented in EUR (&ldquo;EUR&rdquo;) which is the Group&rsquo;s functional currency.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.3 Related Party Financing Arrangements</b></p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Following the acquisition
by Neiman Marcus in 2014, Mytheresa Group had a series of related party financing arrangements with its shareholders (collectively, the
 &ldquo;Shareholder Loans&rdquo;). These financing arrangements consisted of the following:</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.5in">&bull;</td><td style="text-align: justify"><i>Convertible
                                            Preferred Equity Certificate</i> &mdash; MYT Intermediate Holding Co., the direct parent
                                            of Mytheresa Group, held two Convertible Preferred Equity Certificates (&ldquo;CPEC&rdquo;)
                                            due from Mariposa I. The CPEC, which had a combined carrying amount of &euro;36,095 thousand
                                            on June&nbsp;30, 2019 and were classified within Shareholder Loans, are no longer outstanding
                                            following the Prior Restructuring Transactions (defined below) in July&nbsp;2019.</td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.5in"><font style="font-family: Times New Roman, Times, Serif">&bull;</font></td><td style="text-align: justify"><i>Variable
                                            Interest Shareholder Loans </i>&mdash; Through its former subsidiary Mariposa Luxembourg
                                            II S.a.r.l. (&ldquo;Mariposa II&rdquo;), Mytheresa Group was party to two related party U.S.
                                            Dollar denominated loans (&ldquo;Variable Interest Shareholder Loans&rdquo;) payable to MYT
                                            Intermediate Holding Co. These loans, which had a combined carrying amount of &euro;89,984
                                            thousand on June&nbsp;30, 2019 and were classified within Shareholder Loans, were cancelled
                                            in February&nbsp;2020 and are no longer outstanding following the Prior Restructuring Transactions.</td></tr></table>




<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.5in"><font style="font-family: Times New Roman, Times, Serif">&bull;</font></td><td style="text-align: justify"><i>Fixed
                                            Interest Shareholder Loans</i> &mdash; Prior to February&nbsp;28, 2020, MGG, an indirect
                                            subsidiary of Mariposa I, was party to two intercompany shareholder loans (&ldquo;Fixed Interest
                                            Shareholder Loans&rdquo;) payable to MYT Netherlands Parent B.V. (and formerly to other companies
                                            in the Mytheresa Group). As part of the Prior Restructuring Transactions, these previously
                                            intercompany loans were re-assigned to MYT Intermediate Holding Co, the direct shareholder
                                            of Mytheresa Group. As of June&nbsp;30, 2021, Mytheresa Group&rsquo;s long-term borrowings
                                            related to two US Dollar denominated loans from MYT Note Holdco Inc. (the &ldquo;Fixed Interest
                                            Shareholder Loans&rdquo;) have been fully repaid using a portion of the net proceeds from
                                            our initial public offering.</td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group did not receive
any cash proceeds under these financing arrangements.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.4 &nbsp;Prior Restructuring Transactions</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Until July&nbsp;23, 2019,
Mytheresa Group was a consolidated group of legal entities with Mariposa I as its parent. Mytheresa Group underwent a series of transactions
(collectively the &ldquo;Prior Restructuring Transactions&rdquo;), which resulted in MYT Netherlands Parent B.V. becoming the parent
of Mytheresa Group.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.5in"><font style="font-family: Times New Roman, Times, Serif">&bull;</font></td><td style="text-align: justify">On
                                            May&nbsp;31, 2019, MYT Netherlands Parent B.V. was formed by MYT Intermediate Holding Co.
                                            as a holding company with 1,000 ordinary shares and initial share capital of USD 1,000. Following
                                            its formation, MYT Netherlands Parent B.V. became a direct subsidiary of MYT Intermediate
                                            Holding Co. On July&nbsp;24, 2019, MYT Intermediate Holding Co. contributed its shares held
                                            in Mariposa I and the CPEC receivable from Mariposa I to MYT Netherlands Parent B.V., whereby
                                            MYT Netherlands Parent B.V. became the direct parent of Mariposa I (the &quot;Legal Reorganization&quot;).
                                            This transaction was treated as a legal reorganization, which resulted in a decrease to share
                                            capital, with an offsetting increase to capital reserve. At this time, the CPEC receivable
                                            and payable became intercompany balances eliminated in consolidation. The Legal Reorganization,
                                            including the CPEC reassignment, resulted in a net increase of shareholders&rsquo; equity
                                            of &euro;36,181 thousand.</td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">On August&nbsp;28, 2019, Mariposa
II then merged into Mariposa I. Following the merger, the net assets of Mariposa II, including the Variable Interest Shareholder Loans,
were reassigned to Mariposa I and Mariposa II ceased to exist. The merger had no impact on the consolidated financial results of Mytheresa
Group.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">Effective August&nbsp;28, 2019, Mariposa
I, entered into a cross-border merger with the MYT Netherlands B.V. Following the merger, the net assets of Mariposa I, including the
Variable Interest Shareholder Loans, were reassigned to MYT Netherlands B.V. and Mariposa I ceased to exist. The cross-border merger
had no impact on the consolidated financial results of Mytheresa Group.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.5in"><font style="font-family: Times New Roman, Times, Serif">&bull;</font></td><td style="text-align: justify">In
                                            February&nbsp;2020, the Variable Interest Shareholder Loans were forgiven by MYT Intermediate
                                            Holding Co. The loan forgiveness was treated as a capital contribution and resulted in a
                                            &euro;96,938 thousand increase to capital reserve with an offsetting decrease to Shareholder
                                            Loans.</td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.5in"><font style="font-family: Times New Roman, Times, Serif">&bull;</font></td><td style="text-align: justify">In
                                            February&nbsp;2020, the Fixed Interest Shareholder Loans payable by MGG, which were previously
                                            payable to MYT Netherlands Parent B.V. and eliminated in consolidation, were reassigned to
                                            MYT Intermediate Holding Co. Following the reassignment, the Fixed Interest Shareholder loans
                                            are no longer eliminated in consolidation. The loan re-assignment to MYT Intermediate Holding
                                            Co. was treated as a capital distribution by the Company. The loan reassignments collectively
                                            resulted in a net decrease to shareholders&rsquo; equity of &euro;191,207 thousand, net of
                                            taxes of &euro;2,318 thousand.</td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.5in"><font style="font-family: Times New Roman, Times, Serif">&bull;</font></td><td style="text-align: justify">On
                                            December&nbsp;5, 2019, MYT Netherlands Parent B.V. acquired all issued and outstanding shares
                                            of Mytheresa SE, a shell company founded on January&nbsp;17, 2019, with cash and cash equivalents
                                            and shareholders&rsquo; equity of &euro;120 thousand each, for total consideration of &euro;136
                                            thousand.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.5 Significant Accounting Policies</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basis
of consolidation</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The consolidated financial
statements include the accounts and results of the Company and its wholly owned subsidiaries.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Subsidiaries are entities
controlled by the Company. The Company controls an entity when it is exposed to, or has the right to, variable returns from its involvement
with the entity and has the ability to affect those returns through its power over the entity. Subsidiaries are consolidated from the
date on which control commences until the date on which control ceases.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Besides MYT Netherlands Parent
B.V. the following subsidiaries are included in the scope of consolidation:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">Subsidiary</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Location</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Percentage of <br> ownership</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 57%; font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mytheresa Group GmbH </font><font style="font-size: 10pt"><sup>(4)</sup></font></td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 26%; font: 10pt Times New Roman, Times, Serif; text-align: left">Munich, Germany</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 14%; font: 10pt Times New Roman, Times, Serif; text-align: right">100%</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mytheresa SE </font><font style="font-size: 10pt"><sup>(4)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Munich, Germany</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">100%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Theresa Warenvertrieb GmbH </font><font style="font-size: 10pt"><sup>(4)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Munich, Germany</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">100%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">mytheresa.com GmbH </font><font style="font-size: 10pt"><sup>(4)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Munich, Germany</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">100%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">mytheresa.com Service GmbH </font><font style="font-size: 10pt"><sup>(4)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Munich, Germany</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">100%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">mytheresa Business Information Consulting Co Ltd.</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Shanghai, China</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">100%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Mytheresa US Services Inc.</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Delaware, United States</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">100%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mytheresa International Services GmbH <sup>(1)&nbsp;(4)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Munich, Germany</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">100%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mytheresa APAC Services Limited <sup>(2)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Hong Kong, China</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">100%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mytheresa UK Services Ltd.<sup>(3)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">London, United Kingdom</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">100%</td>
    <td>&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.25in">(1)</td><td>Mytheresa International Services GmbH was founded in February&nbsp;22,
                                            2022.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.25in">(2)</td><td style="text-align: justify">Mytheresa APAC Services Limited was founded
                                            in February&nbsp;28, 2022.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.25in">(3)</td><td style="text-align: justify">Mytheresa UK Services Ltd. was founded
                                            in May&nbsp;13, 2022.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.25in">(4)</td><td style="text-align: justify">MYT Netherlands Parent B.V., located
                                            in Aschheim, Germany, prepares the consolidated financial statements for the smallest group
                                            of Group companies which are published in the Federal Gazette. In accordance with &sect;
                                            264 (3)&nbsp;HGB, these consolidated financial statements have an exempting effect for the
                                            subsidiaries Mytheresa SE, Mytheresa Group GmbH, Theresa Warenvertrieb GmbH, mytheresa.com
                                            GmbH, Mytheresa International Services GmbH and mytheresa.com Service GmbH, which are included
                                            in the consolidated financial statements. MYT Netherlands Parent B.V., as sole shareholder,
                                            has agreed to the exemption. The parent company's obligation to pay the obligations entered
                                            into by the subsidiaries up to the balance sheet date, which is necessary for the exemption,
                                            is given by the agreed domination agreements. MYT Netherlands Parent B.V. will assume the
                                            other conditions, in particular the obligation to publish the consolidated financial statements.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 1in"></td><td style="width: 0.25in"><b>i.</b></td><td><b>Transactions eliminated on consolidation</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Intra-group balances and
transactions, and any unrealised income and expenses (except for foreign currency transaction gains or losses) arising from intra-group
transactions, are eliminated. Unrealised gains arising from transactions with equity-accounted investees are eliminated against the investment
to the extent of the Group&rsquo;s interest in the investee. Unrealised losses are eliminated in the same way as unrealised gains, but
only to the extent that there is no evidence of impairment.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.25in"><b>a)</b></td><td style="text-align: justify"><b>Current versus non&#45;current
                                            classification</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group classifies
assets and liabilities by maturity. They are regarded as current if they mature within one year or within the normal operating business
cycle of Mytheresa Group. The normal operating business cycle, which is less than one year, begins with the procurement of inventory
and ends with the receipt of cash or cash equivalents as consideration for the sale of inventory. Inventories, trade and other receivables,
and trade and other payables are always presented as current items.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.25in"><b>b)</b></td><td style="text-align: justify"><b>Foreign currency translation</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group&rsquo;s consolidated
financial statements are presented in Euro. For each entity, the Group determines the functional currency and items included in the financial
statements of each entity are measured using that functional currency. Functional currency is defined as the currency of the primary
economic environment in which each entity operates.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The assets and liabilities
of entities with a functional currency other than the Euro, are translated into Euro at the exchange rates at the reporting date. The
income and expenses of such companies are translated into Euro at the exchange rates at the dates of the transactions. Foreign currency
translation differences are recognized in other comprehensive income and accumulated in the foreign currency translation reserve.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For entities with Euro as
their functional currency, transactions denominated in foreign currencies are translated at the exchange rates prevailing on the date
of transaction. Balance sheet items denominated in currencies other than Euro, including the U.S. Dollar denominated Shareholder Loans,
are translated at the closing rate for each reporting period, with resulting translation differences recognized within finance expenses,
net.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company historically
had intercompany Shareholder Loans payable by MGG, denominated in USD. The foreign currency gains and losses incurred by MGG associated
with these intercompany loans were classified within finance expenses, net and are not eliminated in consolidation.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.25in"><b>c)</b></td><td style="text-align: justify"><b>Revenue recognition</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">All revenue generated by
Mytheresa Group is included within net sales on the consolidated statement of profit and comprehensive income.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group generates
revenue primarily from the sale of merchandise shipped to customers. In 2021, Mytheresa also introduced the Curated Platform Model (CPM),
whereby it recognizes commission revenue for the rendering of services.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Management applies the following
five step model when determining the timing and amount of revenue recognition:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in">1.</td><td style="text-align: justify">Identifying the contracts with customers;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in">2.</td><td style="text-align: justify">Identifying the separate performance obligations;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in">3.</td><td style="text-align: justify">Determining the transaction price;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in">4.</td><td style="text-align: justify">Allocating the transaction price to separate
                                            performance obligations; and</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in">5.</td><td style="text-align: justify">Recognizing revenue when each performance
                                            obligation is satisfied.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">All revenues of Mytheresa
Group qualify as contracts with customers and fall in the scope of IFRS&nbsp;15.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group recognizes
revenues to reflect the transfer of goods or services to customers at an amount that represents the consideration the entity expects
to receive including fixed amounts, variable amounts or both, such as returns, rebates and discounts.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Shipping and payment costs
consist primarily of shipping fees paid to our delivery providers, packaging costs, delivery duties paid for international sales and
payment processing fees paid to third parties. Shipping and payment costs fluctuate based on the number of orders shipped and net sales.
General increases are due to a higher share of international sales and a higher share of countries where the company bears all customs
duties for the customer, for example in the USA.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i><u>Retail sales</u></i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa acts as a principal
and sells merchandise through its online website as well as physical stores. Revenue is recognized when control of the goods is transferred
to the customer, which occurs upon delivery to the customer or point of sale for sales in physical stores.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Goods sold for online sales
to the customers can be returned or exchanged within 30&nbsp;days of receipt of the goods. For expected returns, Mytheresa Group recognizes
a refund liability as a reduction of revenue and a corresponding right of return asset as reduction of cost of sales, based on actual
returns as of the date of authorization for issue of the financial statements as well as and expected future return rates that is derived
from historical data.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Delivery occurs when the
products have been shipped to the specific location, the risks of loss have been transferred to the customer, and either the customer
has accepted the products in accordance with the sales contract, the acceptance provisions have lapsed or Mytheresa Group has objective
evidence that all criteria for acceptance have been satisfied. A contract liability is therefore recognized for products which have shipped,
but delivery to the customer has not yet occurred. The related revenue is recognized when the customer obtains control of the product.
A contract liability is also recognized from the sale of gift cards. As the entity expects to be entitled to a breakage amount, it recognizes
the expected breakage amount as revenue in proportion to the pattern of rights exercised by the customer. The expected breakage is based
on historical data adjusted for current expectations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group assesses
all promised goods and services and identified performance obligations at contract inception. Contracts with customers include a single
performance obligation, for example, the sale of a distinct bundle of sale of goods, including related activities to provide these goods
and services (packaging, shipping, credit card processing, settlement of duties and other transaction processing activities). As these
related activities are not distinct performance obligations, revenue for these services is recognized concurrently with the delivery
of the product.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">No element of financing is
deemed present as sales require immediate upfront payment from the customer, and satisfaction of the performance obligation is within
a short period of time, which is consistent with market practice.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Variable consideration might
occur in form of promotional discounts. Mytheresa Group includes variable consideration estimated in accordance with IFRS&nbsp;15.53
in the transaction price only to the extent that it is highly probable that a significant reversal in the amount of cumulative revenue
recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved. As the contracts
include only a single performance obligation, the transaction price is allocated to that performance obligation.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i><u>Commission sales</u></i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This revenue stream is related
to the Curated Platform Model (CPM), which provides sellers (brand partners) the ability to sell their goods to customers on the Mytheresa
platform. In this case, Mytheresa generates a commission fee (normally a percentage of the selling price), which is based on agreements
with brand partners.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa&rsquo;s performance
obligation with respect to these transactions is to arrange the transaction through its online platform and to provide related services,
which include shipping and payment-related activities.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Those are not considered
separate promises to the end customer and therefore the revenue recognition of the related fees occurs concurrently with the commission
which is when goods are delivered to the end customer.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">However, the Group does not
obtain control over the goods in advance of transferring the goods to the end customer and does not have any discretion in setting the
price of the goods to be sold, nor does it bear the inventory risk for the goods to be shipped to the customer. As such, the Group is
considered to be an agent in these transactions and recognizes revenue on a net basis for the agreed upon commission at the point in
time when the goods are delivered to the end customer.&nbsp;For expected returns, Mytheresa Group recognizes a refund liability for commissions
that will be refunded upon return of the goods.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.25in"><b>d)</b></td><td style="text-align: justify"><b>Intangible assets and goodwill</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group&rsquo;s intangible
assets and goodwill primarily result from the acquisition of the Mytheresa operations by MGG in 2014. Following initial recognition,
intangible assets are carried at cost less any accumulated amortization and accumulated impairment losses, if any. The useful life of
intangible assets is assessed as either finite or indefinite.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i><u>Intangible assets with
a finite useful life</u></i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Intangible assets with a
finite useful life consist of licenses and software. Intangible assets with a finite life are amortized over their estimated useful economic
life on a straight-line basis and assessed for impairment whenever there is an indication that the intangible asset may be impaired.
The amortization period and the amortization method of intangible assets with a finite useful life are reviewed at least annually, with
any changes treated as changes in accounting estimates. Changes in the expected useful life or the expected pattern of consumption of
the assets&rsquo; future economic benefits are considered when assessing the amortization method and useful life of the asset.</p>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Amortization expense on intangible
assets with finite lives is recognized in the consolidated statement of profit and comprehensive income within depreciation and amortization.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The estimated useful life
of licenses is based on the contractual term period and for purchased software is three years.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i><u>Intangible asset with
indefinite life</u></i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group recognizes
trademarks intangible assets for Mytheresa brand names. As the trademarks are core to the business and as there is no foreseeable limit
to the future cash flows generated by the intangible asset, trademarks are assessed as indefinitely lived. Mytheresa Group assesses trademarks
for impairment and potential changes in useful life annually in the fourth quarter, or when an event becomes known that may trigger impairment.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i><u>Goodwill</u></i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group&rsquo;s goodwill
originated from the MGG acquisition in 2014 and represents the difference between the purchase price and the net identifiable assets
acquired.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Goodwill is not amortized
but reviewed for impairment at least annually. Mytheresa Group consists of two cash generating units (&ldquo;CGU&rdquo;), which represent
the lowest level in which the goodwill is monitored for internal management purposes. Any potential impairment of goodwill is identified
by comparing the recoverable amount of a CGU to its carrying value. Goodwill is reduced by the amount of impairment, if any. If the impairment
exceeds the carrying amount of goodwill, the carrying values of the remaining assets in the CGU are reduced by the excess on a pro-rata
basis. The Company tests goodwill for impairment annually in the fourth quarter of the year, or when an event becomes known that may
trigger impairment.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.25in"><b>e)</b></td><td style="text-align: justify"><b>Property and equipment</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Property and equipment is
stated at historical cost, net of accumulated depreciation and accumulated impairment losses, if any. Historical cost includes any expenditures
that are directly attributable to the acquisition of the asset, including costs incurred to prepare the asset for its intended use.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Property and equipment, net
is depreciated on a straight&#45;line basis over each asset&rsquo;s expected useful life. When significant parts of a fixed asset have
different useful lives, they are accounted for as separate components and depreciated separately. Depreciation methods, useful lives
and residual values are reviewed at least annually and adjusted prospectively, if appropriate.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group applies the
following useful lives when estimating depreciation of property and equipment, net:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 80%; border-collapse: collapse">
  <tr style="vertical-align: bottom; background-color: white">
    <td style="border-bottom: black 1pt solid; white-space: nowrap; width: 65%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Asset
    type</b></font></td>
    <td style="white-space: nowrap; width: 2%; text-align: left">&nbsp;</td>
    <td style="border-bottom: black 1pt solid; white-space: nowrap; width: 33%; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Estimated
    useful life</b></font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Construction in progress</font></td>
    <td style="text-align: left; white-space: nowrap">&nbsp;</td>
    <td style="white-space: nowrap; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</font></td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Leasehold improvements</font></td>
    <td style="text-align: left; white-space: nowrap">&nbsp;</td>
    <td style="white-space: nowrap; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">over
    the period of the lease</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other fixed assets and office equipment</font></td>
    <td style="text-align: left">&nbsp;</td>
    <td style="white-space: nowrap; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3 -
    15 years</font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Construction in progress
are being capitalized but not depreciated yet.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If a leasehold improvement
is expected to be in use after the expected expiration date of its associated lease, then it is depreciated over its estimated useful
life.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">All repair and maintenance
costs are expensed when incurred.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group assesses
property and equipment, net for impairment whenever there is an indication of potential impairment.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.25in"><b>f)</b></td><td style="text-align: justify"><b>Leases</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The determination of whether
an arrangement is, or contains, a lease is based on the substance of the arrangement at inception. The arrangement is, or contains, a
lease if fulfilment of the arrangement is dependent on the use of a specific asset or assets and the arrangement conveys a right to use
the asset or assets, even if that right is not explicitly specified in an arrangement. Mytheresa Group assesses at the inception of the
contract whether the contract is or contains a lease.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group&rsquo;s leases
consist of real estate and company cars. Lease terms are negotiated on an individual basis and may contain a range of different terms
and conditions. Lease contracts may be negotiated for fixed periods or include extension options.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">To determine the lease terms,
all facts and circumstances which offer economic incentives to exercise extension options are included. If it is reasonably certain that
a lease term will be extended, the related extension option is included. The lease terms include fixed payments as well as variable payments
that depend on an index.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Extension options are included
in the determination of the lease liability to the extent that it is reasonably certain that those options will be exercised by Mytheresa
Group. Management of Mytheresa Group reviews forecasts, planned growth and facility capacity when determining whether an extension option
is reasonably certain to be exercised.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The lease liability is subsequently
measured as the present value of the expected lease payments. To determine the present value, Mytheresa Group discounts the remaining
lease payments with the incremental borrowing rate of the lessee. The incremental borrowing rate is the interest rate that Mytheresa
Group would be required to pay to borrow over a similar term, and with a similar security, the funds necessary to obtain an asset of
a similar value to the right-of-use asset as the underlying lease agreement in a similar economic environment. Mytheresa Group applied
incremental borrowing rates between 0.96% and 5.5% for the periods presented.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Right-of-use assets are measured
at cost at the date of lease commencement. The cost is comprised of the initial lease liability measurement and any lease payments made
before the commencement date, less any lease incentives received and estimated cost of dismantling and removing the underlying asset
incurred by the lessee.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">After the commencement date,
Mytheresa Group measures right-of-use assets at cost less accumulated depreciation and any accumulated impairment losses.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For subsequent measurement, the carrying amount
of the lease liability is increased to reflect the interest on the lease liability and reduced to reflect the lease payments made. The
finance expenses associated with the lease term are recognized in the consolidated statement of profit and comprehensive income over
the lease term.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">To date, no impairment losses have been identified
on Mytheresa Group&rsquo;s right-of-use assets.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Mytheresa Group elected to apply an exemption
for low value leases in accordance with IFRS 16. Low value leases are leases with contract amounts below EUR 5 thousand. Lease payments
associated with low value leases are expensed on a straight-line basis over the lease term. Accordingly, no right-of-use assets or lease
liabilities are recognized for low value leases.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.5in"></td><td style="text-align: justify; width: 0.25in"><b>g)</b></td><td style="text-align: justify"><b>Inventories
                                            and Cost of Sales</b></td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Inventories are measured
at the lower of cost or net realizable value. Costs are assigned to individual items using the weighted average cost method. Costs of
purchased inventory are determined after deducting rebates and discounts.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Inventory is written down
when its net realizable value is below its carrying amount. Mytheresa Group estimates net realizable value as the amount at which inventories
are expected to be sold, taking into consideration fluctuations in selling prices due to seasonality, less estimated costs necessary
to complete the sale. When circumstances that previously caused inventories to be written down below cost no longer exist or when there
is clear evidence of an increase in selling prices, the amount of the write-down previously recorded is reversed.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The carrying amount of inventories
is expensed as inventories are sold and recognized in cost of goods sold. Write-downs to net realizable value and losses are expensed
in the period they occur. Any reversal of write-downs is recognized in the period the reversal occurs.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cost
of sales, exclusive of depreciation and amortization includes the cost of merchandise sold, net of trade discounts, in addition to inventory
write-offs and delivery costs of product from our brand partners to our central warehouse, where we act as the principal. These costs
fluctuate with changes in net sales and changes in inventory write-offs due to inventory aging. </font>For CPM revenue, we do not incur
cost of sales as the purchase price of the goods sold is borne by the CPM brand partner.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.5in"></td><td style="text-align: justify; width: 0.25in"><b>h)</b></td><td style="text-align: justify"><b>Financial
                                            instruments&mdash;Initial recognition and subsequent measurement</b></td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A financial instrument is
any contract that gives rise to a financial asset of one party and a financial liability or equity instrument of another party. These
include both non-derivative financial instruments, such as trade and other receivables and payables, and derivative financial instruments,
such as foreign exchange contracts.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial instruments are
recognized when Mytheresa Group becomes party to the contractual provisions of the financial instrument. Generally, purchases and sales
of financial assets are initially recognized at the settlement date.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Upon initial recognition,
all financial assets and financial liabilities are measured at fair value plus or minus any directly attributable transaction costs,
unless a financial instrument is classified at fair value through profit or loss.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group categorizes
all financial assets and financial liabilities at initial recognition.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i><u>Measurement categories</u></i></p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial assets and financial
liabilities are grouped into the following categories according to IFRS 9:</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.5in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">measured
                                            at amortized cost (&ldquo;AC&rdquo;), which includes Mytheresa Group&rsquo;s cash and cash
                                            equivalents, trade and other receivables and other assets, as well as trade and other payable,
                                            liabilities to banks and Shareholder Loans, and</td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.5in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">measured
                                            at fair value through profit or loss (&ldquo;FVTPL&rdquo;), which includes Mytheresa Group&rsquo;s
                                            free-standing derivatives (foreign exchange options) with a positive or negative fair value.</td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Classification of financial
assets depends on the business model used for managing financial assets and on the characteristics of the contractual cash flows involved.
Financial assets are classified within AC category only when they are held exclusively to collect the contractual cash flows and when
their contractual terms comprise cash flows that are solely payments of principal and interest on the principal amount outstanding. With
the exception of derivatives, all financial assets are classified at AC.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Cash and cash equivalents
consist of cash held at banks or financial institutions, with a bank license e.g. PayPal and cash on hand. Trade and other receivables
are generally accounted for at AC less any impairment using the general impairment model. Deposits granted for rent which are not related
to credit lines are recorded under Non-current financial assets as restricted cash since they are not available for use in the operating
business of Mytheresa Group. Non-current financial assets are recognized at nominal value.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial liabilities are
generally classified at amortized cost. There are some exceptions, for example financial liabilities at fair value through profit or
loss including derivatives not designated as hedging instruments. Financial liabilities need to be analyzed to determine whether they
contain any embedded derivative. If the embedded derivative is not closely related to the host contract, such derivatives must be separated
and be accounted for separately at FVPL.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i><u>Subsequent measurement</u></i></p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial assets and financial
liabilities in the AC category are subsequently measured using the effective interest method. Using the effective interest method, all
directly attributable fees, consideration paid or received, transaction costs and other premiums or discounts included in the calculation
of the effective interest rate are amortized over the expected term of the financial instrument. Interest income and expenses from the
application of the effective interest method are presented as finance income, net in the consolidated statement of profit and comprehensive
income.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial assets and financial
liabilities in the FVTPL category are subsequently measured at fair value, with changes in value recognized in the consolidated statement
of profit and comprehensive income.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i><u>Impairment</u></i></p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under IFRS 9, Mytheresa Group
assesses on a forward-looking basis the expected credit losses (&ldquo;ECL&rdquo;) associated with its debt instruments measured at amortized
cost.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The general impairment methodology
follows a three-stage approach based on the change in credit quality of financial assets since initial recognition (general approach).
At initial recognition, debt instruments are assumed to have a low credit risk, for which a loss allowance for 12-months ECL is recognized
(Stage 1). When there has been a significant increase in credit risk, the loss allowance is measured using lifetime ECL (Stage 2). A
significant increase in credit risk is presumed if a debtor is more than 30 days past due in making a contractual payment. If there is
objective evidence of impairment (Stage 3), Mytheresa Group also accounts for lifetime ECL and recognizes an impairment. Mytheresa Group
considers that there is objective evidence of impairment if any of the following indicators are present: significant financial difficulties
of the debtor, probability that the debtor will enter bankruptcy or financial reorganization or default or delinquency in payments.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group considers
a financial asset to be in default when:</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.75in"></td><td style="text-align: justify; width: 0.25in"><font style="font-family: Times New Roman, Times, Serif">&bull;</font></td><td style="text-align: justify">the
                                            debtor is unlikely to pay its credit obligations to the Group in full, without recourse by
                                            the Group to actions such as realizing security (if any is held); or</td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.75in"></td><td style="text-align: justify; width: 0.25in"><font style="font-family: Times New Roman, Times, Serif">&bull;</font></td><td style="text-align: justify">the
                                            financial asset is more than 90 days past due.</td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group applies this
general approach for cash and cash equivalents as well as other assets. These assets are considered to have a low credit risk when the
issuer has a strong capacity to meet its contractual cash flow obligations in the near term. Cash and cash equivalents are only placed
at banks and financial institutions with a bank license with credit ratings of investment grade or higher. Rental deposits are trust
assets that, in case of a default of the counterparty, are separated from insolvency estate and are paid back primarily. Considering
that, the impairment for these assets is not material.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For trade and other receivables,
Mytheresa Group applies the simplified approach under which lifetime ECL is recognized without monitoring the change in customers&rsquo;
credit risk.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Impairment losses, including
reversals of impairment losses or impairment gains, are presented as other income, net in the consolidated statement of profit and comprehensive
income.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i><u>Hedge Accounting</u></i></p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group is exposed
to currency risks as a result of participating in business activities outside the Euro zone. Mytheresa Group uses foreign currency forward
contracts to hedge and thus limit currency risks from sales in foreign currencies. The sales are hedged each fiscal year so that no forward
contracts are still in place at the balance sheet date. Currency risks are managed centrally within Mytheresa Group. Regular reports
on the Group-wide development of risks and open positions with currency risk are made.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Derivatives are initially
recognized at fair value on the date a derivative contract is entered into and are subsequently remeasured to their fair value at the
end of each reporting period. The accounting for subsequent changes in fair value depends on whether the derivative is designated as
a hedging instrument, and if so, the nature of the item being hedged. Mytheresa Group only enters into foreign exchange derivatives (&ldquo;foreign
exchange forwards&rdquo;) that are all designated as hedges of the foreign currency risk associated with the cash flows of highly probable
forecast sales denominated in foreign currency. Mytheresa Group determines the existence of an economic relationship between the hedging
instrument and the hedged underlying sales transaction on the basis of the currency, amount and timing of their respective cash flows.
As changes in the cash flows of the hedging instrument offset changes in the cash flows of the hedged transaction offset, the relationship
is effective. Ineffective cash flow hedges in the periods presented were immaterial.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At the inception of a hedge
relationship, Mytheresa Group documents the economic relationship between the hedging instruments and hedged items, including whether
changes in the fair value of the hedged items are offset by changes in the fair value of the hedging instruments. Mytheresa Group documents
its risk management objective and strategy for undertaking its hedging transactions. Detailed information on risk management and risks
arising from Mytheresa Group&rsquo;s financial instruments can be found in Note 28.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A hedging relationship qualifies
for hedge accounting only if all of the following requirements for hedge effectiveness are met: there is an economic relationship between
the hedged item and the hedging instrument, the effect of the credit risk does not dominate the changes in value that result from this
economic relationship, the hedging relationship is the same as that which results from the amount of the hedged item that the Company
actually hedges and the amount of the hedging instrument that the Company actually uses to hedge that amount of the hedged item. Hedging
instruments are expected to be highly effective in achieving offsetting changes in cash flows. Hedging instruments are reviewed on an
ongoing basis to determine that they have actually been highly effective throughout the financial year for which they are designated.</p>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group applies cash
flow hedge accounting, whereby the spot component of the forward exchange contracts is designated as the hedging instrument. The effective
portion of changes in the fair value of the designated cash component is recognized in the hedge reserve in other comprehensive income
(&ldquo;OCI I&rdquo;, &ldquo;cash flow hedge reserve&rdquo;) within equity. The gain or loss relating to the ineffective portion is recognized
immediately in profit or loss. In addition, Mytheresa Group recognizes changes in fair value related to the forward element in other
comprehensive income (&ldquo;OCI II&rdquo;, &ldquo;Cost of Hedging Reserve&rdquo;) within equity. Amounts accumulated in equity are reclassified
in the periods in which the hedging instrument affects profit or loss.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Application of hedge accounting
in fiscal 2022 resulted in a &euro;4,734 thousand decrease to net sales. If hedge accounting had not been applied, the amounts would
have been recognized immediately within in other income (expense), as free-standing derivatives.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i><u>Derecognition</u></i></p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A financial asset is derecognized
when the contractual rights to receive cash flows from the financial assets have expired or have been transferred and Mytheresa Group
substantially transferred all rewards and risks associated with the ownership. In the case of sales of trade receivables, essentially
all rewards and risks are transferred to the buyer of the receivables.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial liabilities are
derecognized when the obligation under the liability is settled, cancelled or expired.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i><u>Fair value measurement</u></i></p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Fair value is the price that
would be received to sell an asset or paid to settle or transfer a liability in an orderly transaction between market participants as
of the measurement date in the principal or, in its absence, the most advantageous market to which Mytheresa Group has access at that
date. The fair value of a liability reflects its non-performance risk.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A number of Mytheresa Group&rsquo;s
accounting policies and disclosures require the measurement of fair value for both financial and non-financial assets and liabilities.
Mytheresa Group measures the fair value of an instrument using the quoted price in an active market for that instrument, if such price
is available. A market is regarded as &ldquo;active&rdquo; if transactions for the asset or liability take place with sufficient frequency
and volume to provide pricing information on an ongoing basis.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If there is no quoted price
in an active market, then Mytheresa Group uses valuation techniques that maximize the use of relevant observable inputs and minimize
the use of unobservable inputs. The chosen valuation technique incorporates all factors that market participants would take into account
in pricing a transaction.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Based on the input parameters
used for valuation the fair values have to be assigned to one of the following levels of the fair value hierarchy:</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.5in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">Level&nbsp;1:
                                            Quoted (unadjusted) market prices in active markets for identical assets and liabilities,</td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.5in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">Level&nbsp;2:
                                            Inputs other than quoted prices included within level&nbsp;1 that are observable for the
                                            asset or liability, either directly (that is, as prices) or indirectly (that is, derived
                                            from prices), and</td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.5in"></td><td style="text-align: justify; width: 0.25in">&bull;</td><td style="text-align: justify">Level&nbsp;3:
                                            Inputs for the asset or liability that are not based on observable market data (that is,
                                            unobservable inputs).</td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.5in"></td><td style="text-align: justify; width: 0.25in"><b>i)</b></td><td style="text-align: justify"><b>Provisions</b></td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group recognizes
provisions when it has a present obligation, legal or constructive, as a result of a past event, it is probable that an outflow of resources
embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation.
Provisions are measured at the present value of management&rsquo;s best estimate of the expenditure required to settle the present obligation
at the end of the reporting period. The increase in provision due to the passage of time is recognized as finance expenses.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.25in"><b>j)</b></td><td style="text-align: justify"><b>Income taxes</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i><u>Current income taxes</u></i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Current income tax is the
expected tax payable or receivable based on the taxable income or loss for the period and the tax laws that have been enacted or substantively
enacted as of the reporting date. Management periodically evaluates positions taken in tax returns with respect to situations in which
applicable tax regulation is subject to interpretation. It establishes tax liabilities where appropriate on the basis of amounts expected
to be paid to the tax authorities. In case of uncertainties related to income taxes, they are accounted for in accordance with IFRIC
23 and IAS 12 based on the best estimate of those uncertainties.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Current income taxes are
calculated based on the respective local taxable income and local tax rules&nbsp;for the period. In addition, current income taxes presented
for the period include adjustments for uncertain tax payments or tax refunds for periods not yet finally assessed, however, excluding
interest expenses and interest refunds and penalties on the underpayment of taxes. In cases for which it is probable that amounts declared
as expenses in the tax returns might not be recognized (uncertain tax positions), a liability for income taxes is recognized. The amount
is based on the best estimate of the expected tax payment (expected value or most likely amount).</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i><u>Deferred taxes</u></i></p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Deferred taxes are recognized
on temporary differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax
bases used in the computation of taxable income and are accounted for using the balance sheet-liability method.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Deferred tax liabilities
are generally recognized for all taxable temporary differences and deferred tax assets are recognized to the extent that it is probable
that taxable income will be available against which deductible temporary differences can be utilized.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Current and deferred tax
is charged or credited in the consolidated statement of profit and comprehensive income, except when it relates to items charged or credited
directly to equity, in which case the current or deferred tax is also recognized directly in equity.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Deferred tax assets or liabilities
are calculated on the basis of temporary differences between the tax basis and the financial reporting of assets and liabilities including
differences from consolidation and on unused tax-loss carryforwards. For this purpose, deferred tax assets and liabilities are measured
at the tax rates that are expected to apply to the period when the asset is realized or the liability is settled, based on tax rates
and tax laws that have been enacted or substantively enacted by the end of the reporting period. Deferred tax assets are recognized to
the extent that it is probable that there will be future taxable income available against which the deductible temporary differences
and tax-loss carryforwards can be utilized.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The carrying amount of deferred
tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable income
will be available to allow all or part of the asset to be recovered.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group establishes
tax liabilities on the basis of expected tax payments. Liabilities for trade taxes, corporate taxes and similar taxes on income are determined
based on the taxable income of the consolidated entities less any prepayments made. Calculation of tax liabilities is based on the recent
tax rates applicable in the tax jurisdiction of Mytheresa Group.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.5in"></td><td style="text-align: justify; width: 0.25in"><b>k)</b></td><td style="text-align: justify"><b>Impairment
                                            of non&#45;financial assets excluding Goodwill and intangible assets</b></td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group assesses
whether an asset may be impaired at each reporting date. If any indication of impairment exists, or when annual impairment testing for
such an asset is required, Mytheresa Group estimates the asset&rsquo;s recoverable amount. An asset&rsquo;s recoverable amount is the
higher of an asset&rsquo;s or CGU&rsquo;s fair value less costs of disposal or its value in use. The recoverable amount is determined
for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups
of assets. When the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered impaired and written down
to its recoverable amount.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In assessing value in use,
the estimated future cash flows are discounted to their present value using a discount rate that reflects current market assessments
of the time value of money and the risks specific to the asset.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group bases its
impairment calculation on detailed budgets and forecasted cash flows, which generally cover a period of five years. Impairment losses
are recognized in the consolidated statement of profit and comprehensive income in expense categories consistent with the function of
the impaired asset.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For assets excluding goodwill
and indefinite lived intangible assets, an assessment is made at each reporting date to determine whether there is an indication that
previously recognized impairment losses no longer exist or has decreased. If such indication exists, Mytheresa Group estimates the asset&rsquo;s
or CGU&rsquo;s recoverable amount.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Impairment losses relating
to goodwill cannot be reversed in future periods.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.5in"></td><td style="text-align: justify; width: 0.25in"><b>l)</b></td><td style="text-align: justify"><b>Segment
                                            reporting</b></td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">An operating segment is a
component of Mytheresa Group that engages in business activities from which it may earn revenues and incur expenses and for which discrete
financial information is available and used by the Chief Operating Decision Maker (&ldquo;CODM&rdquo;) to make decisions around resource
allocation and review operating results of Mytheresa Group. Mytheresa Group identified its Chief Executive Officer and Chief Financial
Officer as the CODM, collectively. Mytheresa Group does not separately present net sales by product category, because such information
is not maintained on a basis consistent with IFRS and the preparation of such information would be unduly costly.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.5in"></td><td style="text-align: justify; width: 0.25in"><b>m)</b></td><td style="text-align: justify"><b>Management
                                            equity incentive plan</b></td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i><u>Share-based compensation
arrangements</u></i></p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white; color: #222222">The
grant-date fair value of equity-settled share-based compensation arrangements granted to employees is generally recognized as an expense,
with a corresponding increase in equity, over the vesting period of the awards. The amount recognized as an expense is adjusted to reflect
the number of awards for which the related service and non-market performance conditions are expected to be met, such that the amount
ultimately recognized is based on the number of awards that meet the related service and non-market performance conditions at the vesting
date. For share-based payment awards with non-vesting conditions, the grant-date fair value of the share-based payment is measured to
reflect such conditions and there is no true-up for differences between expected and actual outcomes.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New and
revised standards</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.25in"><b>a)</b></td><td style="text-align: justify"><b>New and revised standards and
                                            interpretations applied for the first time in the financial year</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 100%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Revised
    standard</b></font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Interest Rate Benchmark Reform &ndash; Phase 2 &ndash;
    Amendments to IFRS 9,&nbsp;IAS 39,&nbsp;IFRS 7 and IFRS 16 </font></td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">COVID-19-Related Rent Concessions (Amendment to IFRS
    16) and COVID-19-Related Rent Concessions beyond 30 June&nbsp;2021 (Amendment to IFRS 16)</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reference to the Conceptual Framework &ndash; Amendments
    to IFRS 3 (A)</font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The amendments included above do not have a material
effect on the consolidated financial statements.</p>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.25in"><b>b)</b></td><td style="text-align: justify"><b>New and revised standards issued,
                                            but not yet effective</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At the date of authorization
of these financial statements, Mytheresa Group has not applied the following new and revised IFRS standards that have been issued, but
are not yet effective:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 83%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Revised
    standard</b></font></td>
    <td style="white-space: nowrap; width: 2%">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: center; white-space: nowrap; width: 15%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Effective
    date</b></font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">IFRS 17 (A)&nbsp;<i>Insurance
    Contracts </i></font></td>
    <td style="white-space: nowrap">&nbsp;</td>
    <td style="text-align: center; white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">January&nbsp;1,
    2023</font></td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">IAS 1 (A)&nbsp;<i>Presentation of Financial Statements:
    Classification of Liabilities as Current or Non-current and Disclosure of Accounting Policies</i></font></td>
    <td style="white-space: nowrap">&nbsp;</td>
    <td style="text-align: center; white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">January&nbsp;1,
    2023</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">IFRS 3 (A)&nbsp;<i>Business
    Combinations </i></font></td>
    <td style="white-space: nowrap">&nbsp;</td>
    <td style="text-align: center; white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">January&nbsp;1,
    2022</font></td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">IAS 16 (A)&nbsp;<i>Property,
    Plant and Equipment</i></font></td>
    <td style="white-space: nowrap">&nbsp;</td>
    <td style="text-align: center; white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">January&nbsp;1,
    2022</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">IAS 37 (A)&nbsp;<i>Provisions, Contingent Liabilities
    and Contingent Assets </i></font></td>
    <td style="white-space: nowrap">&nbsp;</td>
    <td style="text-align: center; white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">January&nbsp;1,
    2022</font></td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Annual Improvements 2018-2020
    </font></td>
    <td style="white-space: nowrap">&nbsp;</td>
    <td style="text-align: center; white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">January&nbsp;1,
    2022</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Definition of Accounting
    Estimates - Amendments to IAS 8</font></td>
    <td style="white-space: nowrap">&nbsp;</td>
    <td style="text-align: center; white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">January&nbsp;1,
    2023</font></td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred Tax related to
    Assets and Liabilities arising from a Single Transaction &ndash; (A)&nbsp;IAS 12</font></td>
    <td style="white-space: nowrap">&nbsp;</td>
    <td style="text-align: center; white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">January&nbsp;1,
    2023</font></td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">&nbsp;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"></p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
                                                                                                                                          <tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in">(A)</td><td style="text-align: justify">Amendment</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A number of new accounting
standards, amendments and interpretations have been published that are not mandatory for reporting periods ended June&nbsp;30, 2022 and
have not been early adopted by the Mytheresa Group. The standards, amendments, and interpretations not yet effective are not expected
to have a significant impact on the Group&rsquo;s consolidated financial statements</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.6 Critical accounting judgments and key
estimates and assumptions</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The preparation of Mytheresa
Group&rsquo;s consolidated financial statements in accordance with IFRS requires management to make judgments, estimates and assumptions
that affect the reported amounts of net sales, expenses, assets and liabilities, and the accompanying note disclosures and the disclosure
of contingent liabilities. Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment
to the carrying amount of assets or liabilities in future periods. The estimates and underlying assumptions are subject to continuous
review.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Below is a summary of the
critical measurement processes and the key assumptions used by management in applying accounting policies with regard to the future,
and which could have significant effects on carrying amounts stated in the consolidated financial statements, or for which there is a
risk that significant adjustments may be made to the carrying amount of assets and liabilities in subsequent years.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i><u>Inventory write&#45;downs</u></i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Inventory is carried at the
lower of cost or net realizable value, which requires an estimation of the products future net selling prices. When assessing the net
realizable value of the inventory, Mytheresa Group considers multiple factors and assumptions including the quantity and aging of inventory
on hand, anticipated sales volume, expected selling prices and selling cost, as well as historical recovery experience and risk of obsolescence
from changes in economic conditions.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i><u>Share-based compensation</u></i></p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">Determining
the fair value of share-based compensation options at the grant date requires judgment, including estimating the expected term that options
will be outstanding prior to exercise, the associated volatility, the appropriate risk-free interest rate and the expected dividend yield.
Upon grant of the awards, we also estimate an amount of forfeitures that will occur prior to vesting. If actual forfeitures differ significantly
from the estimates, share-based compensation expense could be impacted. For further disclosures relating to share-based payments, see
Note 27.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.7 Segment and geographic information</b></p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
line with the management approach, the operating segments were identified on the basis of Mytheresa Group&rsquo;s internal reporting
and how our chief operating decision maker (CODM), assesses the performance of the business. </font>Mytheresa Group collectively identifies
its Chief Executive Officer and Chief Financial Officer as the CODM. On this basis, Mytheresa Group identifies its online operations
and retail store as separate operating segments. Segment EBITDA is used to measure performance, because management believes that this
information is the most relevant in evaluating the respective segments relative to other entities that operate in the retail business.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Segment EBITDA is defined
as operating income excluding depreciation and amortization.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Assets are not allocated
to the different business segments for internal reporting purposes.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The following is a reconciliation
of the Company&rsquo;s segment EBITDA to consolidated net income.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="9" style="font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June&nbsp;30, 2020</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Online</td><td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Retail Store</td><td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Segments total</td><td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>Reconciliation<sup>(1)</sup></b></font></td><td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">IFRS consolidated</td>
    <td style="white-space: nowrap">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 9pt Times New Roman, Times, Serif; width: 44%; text-align: left; padding-bottom: 1pt">Net Sales</td><td style="font: 9pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; width: 10%; font: 9pt Times New Roman, Times, Serif; text-align: right">437,448</td><td style="font: 9pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; width: 10%; font: 9pt Times New Roman, Times, Serif; text-align: right">12,039</td><td style="font: 9pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; width: 10%; font: 9pt Times New Roman, Times, Serif; text-align: right">449,487</td><td style="font: 9pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; width: 10%; font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; width: 10%; font: 9pt Times New Roman, Times, Serif; text-align: right">449,487</td>
    <td style="padding-bottom: 1pt; width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: left">Segment EBITDA</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">32,361</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">1,947</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">34,308</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">(5,513)</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">28,795</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: left">Depreciation and amortization</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">(7,885)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: left">Finance income (costs), net</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">(11,119)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Income tax expense</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">(3,441)</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Net income</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="padding-bottom: 2.5pt; font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="padding-bottom: 2.5pt; font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="padding-bottom: 2.5pt; font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="padding-bottom: 2.5pt; font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 9pt Times New Roman, Times, Serif; text-align: right">6,350</td>
    <td style="padding-bottom: 2.5pt">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><font style="font-family: Times New Roman, Times, Serif">(1)</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif">Reconciliation
                                            relates to corporate administrative expenses, which have not been allocated to the online
                                            operations or the retail stores, including &euro;5,206 thousand related to </font>initial
                                            public offering (&ldquo;IPO&rdquo;) preparation and transaction costs and share-based compensation
                                            of &euro;65 thousand during the year ended June&nbsp;30, 2020.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="9" style="font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June&nbsp;30, 2021</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Online</td><td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Retail Store</td><td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Segments total</td><td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>Reconciliation<sup>(1)</sup></b></font></td><td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">IFRS consolidated</td>
    <td style="white-space: nowrap">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 9pt Times New Roman, Times, Serif; width: 44%; text-align: left; padding-bottom: 1pt">Net Sales</td><td style="font: 9pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; width: 10%; font: 9pt Times New Roman, Times, Serif; text-align: right">602,871</td><td style="font: 9pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; width: 10%; font: 9pt Times New Roman, Times, Serif; text-align: right">9,225</td><td style="font: 9pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; width: 10%; font: 9pt Times New Roman, Times, Serif; text-align: right">612,096</td><td style="font: 9pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; width: 10%; font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; width: 10%; font: 9pt Times New Roman, Times, Serif; text-align: right">612,096</td>
    <td style="padding-bottom: 1pt; width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: left">Segment EBITDA</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">65,357</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">1,670</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">67,027</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">(90,956)</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">(23,929)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: left">Depreciation and amortization</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">(8,232)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: left">Finance income (costs), net</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">15,091</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Income tax expense</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">(15,534)</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Net income</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="padding-bottom: 2.5pt; font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="padding-bottom: 2.5pt; font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="padding-bottom: 2.5pt; font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="padding-bottom: 2.5pt; font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 9pt Times New Roman, Times, Serif; text-align: right">(32,604)</td>
    <td style="padding-bottom: 2.5pt">&nbsp;</td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">(1)</td><td style="text-align: justify">Reconciliation relates to corporate
                                            administrative expenses, which have not been allocated to the online operations or the retail
                                            stores, including &euro;6,984 thousand related to IPO preparation and transaction costs and
                                            IPO related share-based compensation of &euro;71,889 thousand during the year ended June&nbsp;30,
                                            2021.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="9" style="font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June&nbsp;30, 2022</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Online</td><td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Retail Store</td><td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Segments total</td><td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>Reconciliation<sup>(1)</sup></b></font></td><td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="white-space: nowrap; font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">IFRS consolidated</td>
    <td style="white-space: nowrap">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 9pt Times New Roman, Times, Serif; width: 44%; text-align: left; padding-bottom: 1pt">Net Sales</td><td style="font: 9pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; width: 10%; font: 9pt Times New Roman, Times, Serif; text-align: right">674,484</td><td style="font: 9pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; width: 10%; font: 9pt Times New Roman, Times, Serif; text-align: right">15,266</td><td style="font: 9pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; width: 10%; font: 9pt Times New Roman, Times, Serif; text-align: right">689,750</td><td style="font: 9pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; width: 10%; font: 9pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 9pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; width: 10%; font: 9pt Times New Roman, Times, Serif; text-align: right">689,750</td>
    <td style="padding-bottom: 1pt; width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: left">Segment EBITDA</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">81,159</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">4,229</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">85,387</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">(71,465)</td><td style="font: bold 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: right">13,922</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: left">Depreciation and amortization</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">(9,088)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: left">Finance income (costs), net</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">(998)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Income tax expense</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="padding-bottom: 1pt; font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">(11,734)</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 9pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Net income</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="padding-bottom: 2.5pt; font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="padding-bottom: 2.5pt; font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="padding-bottom: 2.5pt; font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="padding-bottom: 2.5pt; font: 9pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 9pt Times New Roman, Times, Serif; text-align: right">(7,898)</td>
    <td style="padding-bottom: 2.5pt">&nbsp;</td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">(1)</td><td style="text-align: justify">Reconciliation relates to corporate
                                            administrative expenses of &euro;19,023 thousand, which have not been allocated to the online
                                            operations or the retail stores, as well as &euro;2,493 thousand related to Other transaction-related,
                                            certain legal and other expenses and IPO related share-based compensation of &euro;49,919
                                            thousand during the year ended June&nbsp;30, 2022.</td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.8 Net sales</b></p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group earns revenues
worldwide through its online operations, while all revenue associated with the two retail stores is earned in Germany. Geographic location
of online revenue is determined based on the location of delivery. Mytheresa Group generates revenue from the sale of merchandise shipped
to customers as well as from commission for the rendering of services in connection with the Curated Platform Model (CPM). Mytheresa
introduced the Curated Platform Model (CPM) in April&nbsp;2021, whereby it recognizes commission revenue for the rendering of services.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table provides
Mytheresa Group&rsquo;s net sales by geographic location:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="11" style="font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">For the fiscal year ended June&nbsp;30,</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 9pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="3" style="font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2020</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="3" style="font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2021</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="3" style="font: bold 9pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2022</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 33%; font: 9pt Times New Roman, Times, Serif">Germany</td><td style="width: 1%; font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 9pt Times New Roman, Times, Serif; text-align: right">98,443</td><td style="width: 1%; font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 9pt Times New Roman, Times, Serif; text-align: right">21.9%</td><td style="width: 1%; font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 9pt Times New Roman, Times, Serif; text-align: right">115,334</td><td style="width: 1%; font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 9pt Times New Roman, Times, Serif; text-align: right">18.8%</td><td style="width: 1%; font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 9pt Times New Roman, Times, Serif; text-align: right">128,616</td><td style="width: 1%; font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 9pt Times New Roman, Times, Serif; text-align: right">18.6%</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: left">United States</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">45,183</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">10.1%</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">77,596</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">12.7%</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">108,748</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">15.8%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Europe (excluding Germany) <sup>(1)</sup></font></td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">173,875</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">38.7%</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">253,700</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">41.4%</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">276,110</td><td style="font: 9pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: right">40.0%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 9pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Rest of the world <sup>(1)</sup></font></td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">131,986</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">29.4%</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">165,466</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">27.0%</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">176,277</td><td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 9pt Times New Roman, Times, Serif; text-align: right">25.6%</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 9pt Times New Roman, Times, Serif; text-align: right">449,487</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 9pt Times New Roman, Times, Serif; text-align: right">100.0%</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 9pt Times New Roman, Times, Serif; text-align: right">612,096</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 9pt Times New Roman, Times, Serif; text-align: right">100.0%</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 9pt Times New Roman, Times, Serif; text-align: right">689,750</td><td style="font: bold 9pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 9pt Times New Roman, Times, Serif; text-align: right">100.0%</td>
    <td style="padding-bottom: 2.5pt">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.25in">(1)</td><td style="text-align: justify">No individual country other than Germany
                                            and the United States accounted for more than 10% of net sales.</td></tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Substantially all amounts
classified within net sales are derived from the sale of luxury goods and rendering of services. Net sales related to rendering of services
is below 10% of total net sales and is therefore not separately disclosed. No single customer accounted for more than 10% of Mytheresa
Group&rsquo;s net sales in any of the periods presented. Substantially, all long&#45;lived assets are located in Germany.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Net sales recognized from
contract liabilities were &euro;5,046 thousand in fiscal 2022 (2021: &euro;4,013 thousand, 2020: &euro;3,141 thousand).</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Application of hedge accounting
in fiscal 2022 resulted in a &euro;4,734 thousand (2021: &euro;1,028 thousand increase) decrease to net sales.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.9 Selling, general and administrative
expenses</b></p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Selling, general and administrative
expenses include all personnel costs for Mytheresa Group,&nbsp;IT&nbsp;expenses, costs associated with the distribution center, and other
overhead costs.</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Selling, general and administrative
expenses consist of the following:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="5" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Year ended June&nbsp;30,</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2020</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2022</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 66%; font: 10pt Times New Roman, Times, Serif; text-align: left">Personnel-related expenses</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(50,910)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(133,710)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(122,695)</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: italic 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 0.125in">Thereof contributions to defined contribution plans</td><td style="font: italic 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: italic 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: italic 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: italic 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: italic 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: italic 10pt Times New Roman, Times, Serif; text-align: right">(34)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Rental and other facility-related expenses</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(932)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(2,197)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(2,252)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">IT expenses</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(4,567)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(6,636)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(7,647)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Insurances and fees</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(294)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(2,833)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(4,145)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Travel costs</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(1,089)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(143)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(1,390)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">IPO preparation and transaction costs <sup>(1)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(5,206)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(6,984)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other transaction-related, certain legal and other expenses <sup>(2)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(2,493)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Consulting and other services</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(1,625)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(2,140)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(4,342)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">Other</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(1,804)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(2,508)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(3,207)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Total Selling, general and administrative expenses</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(66,427)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(157,151)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(148,172)</td>
    <td>&nbsp;</td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="font-size: 10pt">Represents
non-recurring professional fees, including consulting, legal and accounting fees, related to our planned initial public offering (&ldquo;IPO&rdquo;),
which are classified within selling, general and administrative expenses.</font></p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="font-size: 10pt">Other
transaction-related, certain legal and other expenses represents (i)&nbsp;professional fees, including advisory and accounting fees,
related to potential transactions, (ii)&nbsp;certain legal expenses incurred outside the ordinary course of our business and (iii)&nbsp;other
non-recurring expenses incurred in connection with the costs of establishing our new central warehouse in Leipzig, Germany.</font></p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mytheresa
Group includes expenses related to share-based compensation for certain management personnel of the Company within personnel-related
expenses (Refer to Note A.5.27). The decrease in Personnel-related expenses from fiscal year ended June&nbsp;30, 2021 to 2022 is mainly
driven by IPO related share-based compensation expenses. </font>The Mytheresa Group recognized IPO related share-based compensation expenses
for the fiscal year ended June&nbsp;30, 2021 of &euro;71.9 million and IPO share-based compensation expenses for the fiscal year June&nbsp;30,
2022 of &euro;49.9 million.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The increase in personnel
expenses excluding the IPO related share-based compensation expenses is also attributable to the increase in the number of employees
to 1,238 for the fiscal year ended June&nbsp;30, 2022 compared to 1,015 employees as of June&nbsp;30, 2021. One of the main drivers of
the increase in employees and personnel-related expenses is the addition of new fulfillment personnel.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.10 Other income, net</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Other income, net consists
of the following:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="5" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Year ended June&nbsp;30,</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2020</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2022</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Other income</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="width: 66%; font: 10pt Times New Roman, Times, Serif; text-align: left">Other income</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">2,062</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">2,018</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">1,023</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Foreign exchange gains, net</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">65</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,783</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">2,127</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">2,018</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">2,806</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Other expenses</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Foreign exchange losses, net</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(510)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Other operational expenses</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(1,482)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(2,307)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(1,915)</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(1,482)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(2,817)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(1,915)</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">645</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(799)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">892</td>
    <td style="padding-bottom: 2.5pt">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.11 Finance income (expenses), net</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Finance expenses, net consists
of the following:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="5" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Year ended June&nbsp;30,</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2020</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2022</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Finance costs</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="width: 66%; font: 10pt Times New Roman, Times, Serif; text-align: left">Interest expenses from Shareholder Loans</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(7,492)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(5,990)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Foreign exchange losses from Shareholder Loans</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(2,209)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Interest expenses on revolving credit facility</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(951)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(723)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(386)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Interest expenses on leases</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(523)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(612)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(612)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(11,175)</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(7,325)</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(998)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Finance income</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Interest income from Shareholder Loans</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">56</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Net gain on Shareholder Loans</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">7,601</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Foreign exchange gains from Shareholder Loans</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">14,613</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Other interest income</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">202</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">56</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">22,416</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Finance income (costs), net</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(11,119)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">15,091</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(998)</td>
    <td>&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Further information on expenses and income from Shareholder Loans
can be found in Note A.5.21.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.12 Income tax expense</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Income taxes are comprised
of current income taxes and deferred taxes and consists of the following:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2020</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2022</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; width: 66%; text-align: left; padding-bottom: 1pt">Total current tax income / (expense)</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">(5,185)</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">(14,355)</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">(15,221)</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Thereof prior year adjustments</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(520)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(741)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">141</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Thereof other current income tax effects for the period</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(4,665)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(13,614)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(15,362)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Total deferred tax income / (expense)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">1,744</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(1,179)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">3,487</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Thereof effects from origination and reversal of temporary balance sheet differences</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(73)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">2,553</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">98</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Thereof prior year adjustments</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">435</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">896</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">153</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Thereof effects from (non-) recognition of deferred tax assets on tax loss carryforwards / interest carryforwards</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,382</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(4,628)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">3,236</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Total income tax expense</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(3,441)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(15,534)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(11,734)</td>
    <td>&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">During fiscal year 2022,
Mytheresa Group&rsquo;s primary statutory tax rate for current income taxes was 27.52% (2021: 27.52% and 2020: 27.8%), consisting of
the German corporate tax rate of 15%, a 5.5% solidarity surcharge on the German corporate tax rate, and a trade tax rate of 11.70%. The
primary deferred tax rate for German entities in 2022 was 27.45% (2021: 27.52%). The reason for the change in the deferred tax rate compared
to the previous year is that the estimated trade tax rate will change for future periods due to MYT Netherlands Parent B.V. entering
the German income tax group from fiscal year 2023 onwards. The effect on deferred taxes from the tax rate change was &euro;29 thousand.
For non-German companies, the current and deferred taxes at period-end were calculated using a range of 21% to 25%.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">During fiscal 2020, MYT Netherlands
Parent B.V.&rsquo;s tax rate was 19% for the first &euro;200 thousand of taxable income and 25% for the any amounts exceeding &euro;200
thousand. As of fiscal 2021 the taxable residence of the MYT Netherlands Parent B.V. was moved to Aschheim, Germany. The German statutory
tax rates have been applied for fiscal 2021 and 2022.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The table below reconciles
the expected income tax expense amount, based on Mytheresa Group&rsquo;s expected tax rate (2022: 27.52%, 2021: 27.52%, 2020: 27.8%)
to the actual income tax expense amounts for fiscal 2020, fiscal 2021 and fiscal 2022.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="5" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Year ended June&nbsp;30,</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2020</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2022</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 66%; font: 10pt Times New Roman, Times, Serif; text-align: left">Income (loss) before tax</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">9,791</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(17,070)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">3,836</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Tax (expense) income based on expected group tax rate</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(2,722)</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">4,697</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(1,056)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif">Tax effects of:</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Non-recognition of interest expenses due to interest cap</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(1,042)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Utilization of interest expense carryforwards and recognition of related deferred tax assets</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,400</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">4,118</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Non-deductible expenses (for local taxes)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(233)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(727)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(144)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Other non-deductible expenses</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(874)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(19,412)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(14,229)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Tax free income</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">108</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">40</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Tax rate difference between group and local tax rates and changes in tax rates</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">57</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(420)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(194)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Prior year adjustments</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(85)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">155</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">295</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">(Non-) recognition on deferred tax assets on tax loss carryforwards</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(18)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(4,064)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">3,500</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">Others</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(32)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">120</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">53</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Income tax expense</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(3,441)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(15,534)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(11,734)</td>
    <td style="padding-bottom: 2.5pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Effective total income tax rate (%)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">35.1%</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">91.0%</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">305.9%</td>
    <td style="padding-bottom: 2.5pt">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The material drivers leading
to the difference between expected income tax expense and income tax expense recognized for 2020 are as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Interest expense incurred
under IFRS in 2020 period is not tax deductible within the German Income Tax Group due to the interest deduction limitation for German
income tax purposes. This leads to a current income tax effect of &euro;1,042 thousand. In addition, a deferred tax asset has been recognized
for interest carryforwards at the amount of &euro;1,400 thousand in fiscal 2020. Effects from other non-deductible expenses and permanent
differences at the amount of &euro;874 thousand materially include changes in permanent balance sheet differences.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The material drivers leading
to the difference between expected income tax expense and income tax expense recognized for 2021 are as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Utilization of interest expense
carried forward reduced income tax expense by &euro;2,558 thousand in fiscal 2021. Furthermore, in fiscal 2021, deferred tax assets of
 &euro;1,560 (fiscal 2020: &euro;1,400 thousand) were recognized related to interest carryforwards not recognized in prior years. Deferred
tax assets of &euro;4,787 thousand related fiscal 2021 tax losses were not recorded. Such amount includes &euro;1,229 thousand related
to IPO transaction costs recorded directly to equity. Furthermore, income tax benefits of &euro;723 thousand related to previously unrecognized
tax losses were recognized during fiscal 2021.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Other non-deductible expenses
in fiscal 2021 include the tax effect of expenses related to share-based payments of &euro;20,226 thousand which are not deductible for
German income tax purposes.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The material drivers leading
to the difference between expected income tax expense and income tax expense recognized for fiscal 2022 are as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Other non-deductible expenses
in fiscal year 2022 mainly include the tax effect of expenses under IFRS related to share-based payments of &euro;14,137 thousand which
are not deductible for German income tax purposes.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In addition, deferred tax
assets on tax loss carryforwards for MYT Netherlands Parent B.V. are fully recognized in fiscal 2022 in accordance with IAS 12.36 (d).
Management expects utilization of the tax loss carryforwards and deductible temporary differences within a forecasting period of five
years to be sufficiently probable as the entity will enter the German income tax group in fiscal year 2023 and can utilize its losses
against the taxable income of the income tax group. In total, a deferred tax asset of &euro;6,056 thousand was recognized. Thereof, &euro;1,249
thousand was recognized according to IAS 12.61A directly to equity in the current period as part of the tax loss carryforwards include
tax deductible expenses related to IPO transaction costs which were originally recorded directly to equity under IFRS.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For temporary differences associated with investments
in subsidiaries at the amount of &euro;2,119 thousand (2021: &euro;198 thousand, 2020: &euro;0 thousand), no deferred taxes have been
recognized as the respective parent is able to control the timing of the reversal of the temporary difference and it is probable that
the temporary difference will not reverse in the foreseeable future.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.13 Earnings per Share</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Basic earnings per share
are determined by dividing the net income for the period attributable to the ordinary shareholders of the MYT Netherlands B.V. by the
basic weighted average number of ordinary shares outstanding during the period.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="5" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Year Ended June&nbsp;30,</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands, except share and per share data)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2020</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2022</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; width: 66%; text-align: left; padding-bottom: 1pt">Net income (loss) attributable to shareholders</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">6,350</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">(32,604)</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">(7,898)</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Weighted average ordinary shares outstanding (basic and diluted) &ndash; in millions</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">70.2</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">77.4</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">86.3</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Basic and diluted earnings per share</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">0.09</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(0.42)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(0.09)</td>
    <td>&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Basic earnings per share
are calculated in accordance with IAS 33 (&ldquo;Earnings per Share&rdquo;) based on earnings attributable to the Company&rsquo;s shareholders
and the weighted average number of shares outstanding during the period. The ordinary shares outstanding used for computation of earnings
per share reflect the Legal Reorganization, adjusted for the share split described in Note A.5.20. This presentation is consistent with
the principles in IAS 33.64, which requires calculation of basic and diluted earnings per share for all periods presented to be adjusted
retrospectively if changes occur to the capital structure after the reporting period but before the financial statements are authorized
for issue.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Diluted earnings per share
are determined by dividing the net income for the period attributable to the ordinary shareholders by the diluted weighted average number
of shares outstanding during the period. In fiscal 2020, no share-based payment plans existed and thus no difference between basic and
diluted earnings per share occurred. In 2021 and 2022, potential ordinary shares with a dilutive effect (stock options) were excluded,
because the effect would be anti-dilutive. Hence, the basic earnings per share correspond to diluted earnings per share in fiscal 2021
and 2022 and prior periods.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Potential ordinary shares
excluded from diluted earnings per share as their conversion would have an antidilutive effect are as follows (in millions):</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="5" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">As of June&nbsp;30,</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt; font-weight: bold; border-bottom: Black 1pt solid">(in millions)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2020</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2022</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="padding-bottom: 1pt; width: 66%; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 0.125in">Long-Term Incentive Plan (Restricted Share Units)</td><td style="padding-bottom: 1pt; width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">0.0</td><td style="padding-bottom: 1pt; width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">0.2</td><td style="padding-bottom: 1pt; width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">0.2</td>
    <td style="padding-bottom: 1pt; width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Alignment Award (Options)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">0.0</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">6.5</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">6.4</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">Total</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">0.0</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">6.7</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">6.6</td>
    <td style="padding-bottom: 2.5pt">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.14 Intangible assets and goodwill</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group&rsquo;s intangible
assets and goodwill consist of the following:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 60%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="3" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">As of June&nbsp;30,</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2022</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Intangible assets with finite life</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="width: 69%; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 0.125in">Software and license</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 14%; font: 10pt Times New Roman, Times, Serif; text-align: right">1,134</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 14%; font: 10pt Times New Roman, Times, Serif; text-align: right">745</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Intangible assets with indefinite life</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 0.125in">Trademark</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">15,585</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">15,585</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; padding-left: 0.125in">Goodwill</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">138,892</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">138,892</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">155,611</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">155,223</td>
    <td style="padding-bottom: 2.5pt">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Intangible assets with a finite useful
life</u></i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group has intangible
assets with a finite useful life, consisting of licenses and software. Amortization expense of the intangible assets is entirely classified
within depreciation and amortization in the consolidated statements of profit and comprehensive income.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table presents
the changes in Mytheresa Group&rsquo;s finite-lived intangible assets during fiscal 2020, 2021 and fiscal 2022:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="10" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Year ended
    June&nbsp;30,</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2020</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2021</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2022</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif">Cost</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="width: 61%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">Beginning of fiscal year</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">3,146</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">3,366</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">4,404</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">Additions</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">220</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,038</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">183</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">End of fiscal year</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">3,366</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">4,404</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">4,587</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Accumulated depreciation and impairment</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Beginning of fiscal year</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">2,415</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">2,877</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">3,270</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Amortization charge of the year</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">462</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">393</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">571</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">End of fiscal year</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">2,877</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">3,270</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">3,841</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Carrying amount at end of year</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">489</td><td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">1,134</td><td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">745</td><td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i><u>Indefinite&#45;lived
intangible assets - Trademark</u></i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group&rsquo;s MYTHERESA
and mytheresa.com trademarks represent an indefinite-lived intangible asset. Mytheresa Group assessed the trademarks for potential impairment
during the fourth quarters of each fiscal year, determining that no impairments had occurred. The recoverable amount of Mytheresa Group&rsquo;s
two identified trademarks was based on fair value less costs of disposal, estimated using discounted cash flows. The fair value measurement
was categorized as Level 3 fair value based on the inputs in the valuation technique used.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">When
assessing the trademarks for potential impairment, the fair value of the trademarks was determined using the relief from royalty income
approach. Under this approach, management estimated future cash flows based on projected </font>internal projections considering Mytheresa
Group&rsquo;s past performance and forecasted growth which includes also industry growth forecast revenue growth of 2% p.a. (2021: 2%)
in the five planning periods, an assumed royalty rate of 2% (2021: 2%) and discount rate of 14.4%. The discount rate used was a trademark
specific post-tax discount rate. Revenue growth is estimated based on internal projections considering Mytheresa Group&rsquo;s past performance
and forecasted growth which includes also industry growth forecast. The revenue growth rates over the 5-year period are the same for
trademarks as for the goodwill for the CGU-Online. This terminal growth rates applied in the impairment assessments do not exceed the
average long-term growth rate for either the online operations or retail store CGUs. The discount rate and royalty rate are based on
market participant assumptions. The assumed terminal growth rates applied in Mytheresa Group&rsquo;s trademark impairment assessments
were as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Fiscal Year</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2022</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 77%; font: 10pt Times New Roman, Times, Serif; text-align: left">Discount rate</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">11.7%</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">14.4%</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Royalty rate</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">2,0%</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">2,0%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Terminal revenue growth rate</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">2,0%</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">2,0%</td>
    <td>&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i><u>Indefinite&#45;lived
intangible assets - Goodwill</u></i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">MGG acquired 100% of the
outstanding shares of mytheresa.com GmbH on October&nbsp;9, 2014 and Theresa Warenvertrieb GmbH on October&nbsp;31, 2014. The goodwill
resulting from this acquisition is attributable to Mytheresa Group&rsquo;s online operations and retail store and is not deductible for
tax purposes. There were no acquisitions in the periods presented.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Goodwill has been allocated
to Mytheresa Group&rsquo;s two identified CGUs, the online operations and the retail store. Mytheresa Group allocates &euro;137,933 thousand
and &euro;959 thousand of goodwill to online operations and the retail store, respectively, which remained unchanged for all periods
presented.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The recoverable amounts of
the CGUs are determined based on each respective CGU&rsquo;s value in use. The present value of the future cash flows expected to be
derived from an asset or CGU based on the value in use (VIU) approach. The key assumptions for determining the value in use are the discount
rates, growth rates and expected changes to selling prices and direct costs during the period. Management estimates discount rates using
pre-tax rates that reflect current market assessments of the time value of money and the risks specific to the CGU&rsquo;s. The growth
rates are based on internal projections considering Mytheresa Group&rsquo;s past performance and forecasted growth which includes also
industry growth forecast.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group prepares
cash flow forecasts derived from the most recent financial budgets approved by management for the next five years. The assumed terminal
growth rates and discount rates applied in Mytheresa Group&rsquo;s goodwill impairment assessments were as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Fiscal Year</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2022</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif">Online</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="width: 77%; font: 10pt Times New Roman, Times, Serif; text-align: left">Budgeted revenue growth rate (average of next five years)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">18,1%</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">20,4%</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Terminal growth rate</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">2,0%</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">2,0%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Pre-Tax Discount rate</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">15.5%</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">19.4%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Retail store</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Budgeted revenue growth rate (average of next five years)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">7,1%</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,2%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Terminal growth rate</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">2,0%</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">2,0%</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Pre-Tax Discount rate</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">10.8%</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">11.5%</td>
    <td>&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This terminal growth rates
applied in the impairment assessments do not exceed the average long-term growth rate for either the online operations or retail store
CGUs.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This pre-tax discount rate
is based on the capital structure of the respective relevant peer group on average over the last two years. The selection of comparable
businesses is based on the markets in which the reporting units operate giving consideration to risk profiles, size, geography, and diversity
of products and services.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group has not incurred
any impairment losses related to goodwill or its intangible assets.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.15 Property and equipment</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Changes in Property and equipment
during the years presented were as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Construction<br> in progress</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Leasehold<br> improvements</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Other fixed<br> assets and<br> office <br> equipment</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Total property and <br> equipment</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif">Cost</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="width: 55%; font: bold 10pt Times New Roman, Times, Serif">As of July&nbsp;1, 2020</td><td style="width: 1%; font-size: 10pt">&nbsp;</td>
    <td style="width: 10%; font-size: 10pt; text-align: right">&nbsp;</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">9,713</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">10,749</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">20,462</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif">Additions</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">85</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,811</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,896</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">Disposals</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(40)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(40)</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif">As of June&nbsp;30, 2021</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">9,798</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">12,520</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">22,317</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Accumulated depreciation and impairment</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif">As of July&nbsp;1, 2020</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">4,080</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">6,812</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">10,892</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Depreciation charge of the year</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,121</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,501</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">2,622</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">Disposals</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(7)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(7)</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif">As of June&nbsp;30, 2021</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">5,201</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">8,306</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">13,507</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Carrying amount</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif">As of July&nbsp;1, 2020</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">5,633</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">3,937</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">9,570</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif">As of June&nbsp;30, 2021</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">4,597</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">4,213</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">8,810</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif">Cost</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif">As of July&nbsp;1, 2021</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">9,798</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">12,520</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">22,317</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif">Additions</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">9,779</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">424</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,537</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">11,740</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">Disposals</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif">As of June&nbsp;30, 2022</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">9,779</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">10,222</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">14,057</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">34,057</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Accumulated depreciation and impairment</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif">As of July&nbsp;1, 2021</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">5,201</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">8,306</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">13,507</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Depreciation charge of the year</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,159</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,700</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">2,859</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">Disposals</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif">As of June&nbsp;30, 2022</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">6,360</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">10,006</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">16,366</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Carrying amount</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif">As of July&nbsp;1, 2021</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">4,597</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">4,213</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">8,810</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif">As of June&nbsp;30, 2022</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">9,779</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">3,862</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">4,050</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">17,691</td>
    <td>&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of June&nbsp;30, 2022
Mytheresa Group capitalized &euro; 9,779 thousand under construction in progress connected to the warehouse in Leipzig which are not
depreciated yet.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.16 Leases</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Expenses on leases accounted
for under the low value exemption amounted to &euro;185 thousand in fiscal 2022 (2021: &euro;181 thousand, 2020: &euro;159 thousand).
Expenses relating to variable lease payments not included in the measurement of lease liabilities amounted to &euro;292 thousand in fiscal
2022 (2021: &euro;198 thousand, 2020: &euro;102 thousand). Mytheresa Group incurred depreciation and interest <font style="background-color: white">expenses
in an amount of &euro;6,269 thousand in fiscal 2022 (</font>2021: &euro;<font style="background-color: white">5,835 </font>thousand,
2020: &euro;5,639 thousand)<font style="background-color: white">. Rent concessions in </font>an amount of &euro;56 thousand had an impact
on the incurred expenses in fiscal 2022 (2021: &euro;56 thousand, 2020: &euro;761 thousand). The balanced non-current lease liabilities
in fiscal 2022 amounted to &euro;16,817 thousand (2021: &euro;8,786, thousand, 2020: &euro;13,928 thousand) and the current lease liabilities
amounted to &euro;5,189 thousand (2021: &euro;5,361 thousand, 2020: &euro;5,787 thousand). See Note 28 for a maturity analysis of the
Company&rsquo;s lease future lease payments.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Some property leases contain
extension options exercisable by Mytheresa Group up to one year before the end of the non-cancellable contract period. Where practicable,
Mytheresa Group seeks to include extension options in new leases to provide operational flexibility. The extension options held are exercisable
only by Mytheresa Group and not by the lessors. Mytheresa Group assesses at the lease commencement date whether it is reasonably certain
to exercise the extension options. Mytheresa Group reassesses whether it is reasonably certain to exercise the options if there is a
significant event or significant changes in circumstances within its control. Mytheresa Group has estimated that the potential future
lease payments, should it exercise the extension option, would result in an increase in lease liability of &euro;20,635 thousand.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group classified
rent cash deposits under non-current financial asset of &euro;294 thousand (2021: &euro;175 thousand).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The total cash outflow for
leases <font style="background-color: white">amounted &euro;5,466 thousand</font> in fiscal 2022 (2021: &euro;<font style="background-color: white">5,800
</font>thousand, 2020: &euro;4,256 thousand). Interest expenses from lease liabilities amounted to &euro;612 thousand in fiscal 2022
(2021: &euro;612 thousand, 2020: &euro;511 thousand).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group signed a
land lease contract on June&nbsp;22, 2021 for a new warehouse in Leipzig, Germany, with an operative start date in fiscal 2023 and a
contractual term of 10 years. The monthly lease commitment is &euro;286 thousand, with a monthly net rental and other facility-related
expenses of &euro;56 thousand per month. The lease must be terminated 6 months before the end of the lease term, otherwise the contract
will be extended for an additional year. The lease includes two extension options, each for an additional five years.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mytheresa
Group signed a lease contract in February&nbsp;2022 for a new office space in Barcelona, Spain, with an </font>operative start date in
March&nbsp;2022 and a contractual fixed term of 6 years, without an extension option. The monthly lease commitment is &euro;35 thousand.
The Group recognized &euro;2,146 thousand of right-of-use asset and lease liability.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July&nbsp;29<sup>th</sup> 2021 Mytheresa Group exercised a lease extension option to renew the leases for our two retail stores for an
additional five years, starting on January&nbsp;1, 2023 until December&nbsp;31, 2027. </font>Upon exercising the extensions, the Group
recognized additional &euro;9,485 thousand of right-of-use asset and lease liability.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Right-of-use asset activity
during the reporting periods presented is comprised of the following:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; white-space: nowrap">(in &euro; thousands)</td><td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Land
    and buildings</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Company
    Cars</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Total
    right-of-use<br>
    assets</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif">Cost</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="width: 61%; font: bold 10pt Times New Roman, Times, Serif">As of July&nbsp;1, 2020</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">34,317</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">76</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">34,393</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">Additions</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">229</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">3</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">231</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif">As of June&nbsp;30, 2021</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">34,546</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">78</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">34,624</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Accumulated Depreciation and Impairment</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif">As of July&nbsp;1, 2020</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">15,354</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">38</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">15,392</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Depreciation Charge of the year</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">5,210</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">14</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">5,224</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif">As of June&nbsp;30, 2021</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">20,564</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">52</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">20,616</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Carrying Amount</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif">As of July&nbsp;1, 2020</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">18,963</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">38</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">19,001</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif">As of June&nbsp;30, 2021</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">13,982</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">27</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">14,009</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; white-space: nowrap">(in &euro; thousands)</td><td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Land
    and buildings</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Company
    Cars</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Total
    right-of-use<br>
    assets</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif">Cost</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="width: 61%; font: bold 10pt Times New Roman, Times, Serif">As of July&nbsp;1, 2021</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">34,546</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">78</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">34,624</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">Additions</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">13,307</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">17</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">13,324</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif">As of June&nbsp;30, 2022</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">47,853</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">95</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">47,948</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Accumulated Depreciation and Impairment</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif">As of July&nbsp;1, 2021</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">20,564</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">52</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">20,616</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Depreciation Charge of the year</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">5,643</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">14</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">5,657</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif">As of June&nbsp;30, 2022</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">26,207</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">66</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">26,273</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Carrying Amount</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif">As of July&nbsp;1, 2021</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">13,982</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">27</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">14,009</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif">As of June&nbsp;30, 2022</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">21,646</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">30</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">21,676</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.17 Inventories</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mytheresa
Group&rsquo;s inventories consist mainly of finished goods merchandise acquired from fashion designers. Mytheresa Group records inventories
at the lower of cost or net realizable value. Cost of inventory amounted to &euro;328,749 thousand in fiscal 2022 (2021: &euro;324,030
thousand, 2020: &euro;239,210 thousand). Inventory write-downs classified as cost of sales during fiscal 2022 were &euro;6,009 thousand
(2021: &euro;1,022 thousand, 2020: &euro;335 thousand). No reversals on write-downs are recorded in fiscal 2022 and 2021. </font>Inventory
is written down when its net realizable value is below its carrying amount. Mytheresa Group estimates net realizable value as the amount
at which inventories are expected to be sold, taking into consideration fluctuations in selling prices due to seasonality, less estimated
costs necessary to complete the sale.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.18 Trade and other receivables</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The carrying amount of trade
and other receivables approximates their fair value due to their short-term nature. The trade and other receivables are non-interest
bearing. The maximum credit risk at the balance sheet date, which corresponds to the carrying amount of trade and other receivables,
was taken into account in accordance with IFRS 9 when measuring the allowance for expected credit losses. Information about the impairment
of trade and other receivables and Mytheresa Group&rsquo;s exposure to credit risk, currency risk and interest rate risk can be found
in Note&nbsp;A.5.28.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.19 Other assets</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Other assets consist of the
following:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="6" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">As of June&nbsp;30,</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2021</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2022</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 64%; font: 10pt Times New Roman, Times, Serif; text-align: left">Right of return assets</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 15%; font: 10pt Times New Roman, Times, Serif; text-align: right">5,279</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 15%; font: 10pt Times New Roman, Times, Serif; text-align: right">10,096</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Prepaid expenses</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">4,479</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">5,609</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Receivables against payment service providers</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">847</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">371</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Advanced payments</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,106</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,465</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif">Deposits</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">816</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">414</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Receivables
    from brand partners <sup>(1)</sup></font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">33,611</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">DDP duty drawbacks</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">5,261</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Other current assets</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,965</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">5,047</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">14,492</td><td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">61,874</td><td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.25in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
                                            consists of </font>receivables from brand partners, related to their repurchase of inventory
                                            when switching to the CPM.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.20 Shareholder&rsquo;s equity</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Subscribed capital</u></i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of June&nbsp;30, 2018
and 2019, Subscribed capital is &euro;72 thousand, representing 8,000 shares outstanding with a nominal value per share of USD 1 issued
by Mariposa I S.&agrave;.r.l.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Following the Prior Restructuring
Transactions and the Legal Reorganization in August&nbsp;2019, subscribed capital reduced to &euro;1 thousand, representing 1,000 shares
outstanding with a nominal value per share of &euro;1.00 issued by MYT Netherlands Parent B.V. The subscribed capital is fully paid,
and repayment of subscribed capital is restricted.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font-size: 10pt">On
January&nbsp;12, 2021, the Company effected a 70,190,687 (with a nominal value per share of &euro;0.000015) for one share split of its
ordinary shares outstanding. Accordingly, all share and per share amounts for all periods presented in these consolidated financial statements
and notes thereto have been adjusted </font>retroactively, where applicable, to reflect this share split.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Capital reserve</u></i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On January&nbsp;21, 2021,
the Company completed its initial public offering (&ldquo;<b>IPO</b>&rdquo;) of 17,994,117 American Depositary Shares (&ldquo;ADSs&rdquo;),
representing an equal number of 17,994,117 ordinary shares, including the full exercise by the underwriters of their option to purchase
2,347,058 additional ADSs, representing 2,347,058 ordinary shares, at a public offering price of $26.00 per ADS.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company issued 14,233,823
ADSs in its IPO and received proceeds, net of underwriting discounts and before related expenses of $344.2 million.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Its sole shareholder sold
3,760,294 ADSs in the offering, including 586,764 ADSs sold by the Company and 1,760,294 ADSs sold by the sole shareholder pursuant to
the exercise in full of the underwriters&rsquo; option to purchase additional ADSs.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Total transaction costs of
 &euro;16,740 thousand relating to the initial public offering were incurred, of which &euro;12,190 thousand have been expensed and are
included in the selling, general and administrative expenses within the condensed consolidated statement of operations and are part of
operating cash flows in the statement of cash flow. Transaction costs of &euro;4,550 thousand have been directly deducted from the capital
reserve, after recognizing &euro;1,249 thousand taxes connected to the transaction costs.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Profits are reflected within
the accumulated deficit of Mytheresa Group.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="6" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">As of June&nbsp;30,</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif">(ADSs, representing an equal number of
    ordinary shares)</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2021</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2022</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 66%">Basic shares (post-split)</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right">70,190,687</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right">70,190,687</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif">IPO shares (post-split)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">14,233,823</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">14,233,823</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Supervisory Board Award (Restricted Shares)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">15,384</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">45,657</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Long-Term Incentive Plan (Restricted Share Units)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">20,720</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Sign-On Award (Restricted Share Units)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">6,269</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Restoration Award (Phantom Shares) - Converted</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">51,920</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">115,376</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Alignment Award (Options) - Exercised</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">71,086</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; padding-left: 0.125in">Number of ordinary shares</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">84,491,814</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">84,683,618</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">All ordinary shares rank
equally with regard to the Company&rsquo;s residual assets. Holders of these shares are entitled to dividends as declared from time to
time and are entitled to one vote per share at general meetings of the Company. All rights attached to the Company&rsquo;s shares held
by the Group are suspended until those shares are reissued.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Please Note A.5.27 for further
explanation on types of ordinary shares.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Foreign currency translation reserve</u></i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The translation reserve comprises
all foreign currency differences arising from the translation of the financial statements of foreign operations, as well as the effective
portion of any foreign currency differences arising from hedges of a net investment in a foreign operation.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.21 Shareholder Loans and liabilities to
banks</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group is party
to two revolving credit facilities and was formerly party to multiple shareholder loans (collectively, the &ldquo;Shareholder Loans&rdquo;).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Revolving Credit Facilities</u></i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mytheresa
Group is party to a revolving credit facility with Commerzbank Aktiengesellschaft and one with UniCredit Bank AG, with each &euro;30,000
thousand and maturity on December&nbsp;31, 2023. The maximum borrowing capacity of those revolving credit facilities combined is therefore
 &euro;60,000 thousand. As of June&nbsp;30, 2022, Mytheresa Group </font>has no outstanding borrowings on these facilities.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of June&nbsp;30, 2021,
we have fully repaid our borrowings on our Revolving Credit Facilities with a net repayment of &euro;10.0 million.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of June&nbsp;30, 2022,
Mytheresa Group met all financial and non-financial covenants under its revolving credit facilities.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Shareholder Loans (Fixed Interest Shareholder
Loans)</u></i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In January&nbsp;2021, Mytheresa
Group&rsquo;s long-term borrowings related to two US Dollar denominated loans from MYT Note Holdco Inc. (the &ldquo;Fixed Interest Shareholder
Loans&rdquo;) have been fully repaid using a portion of the net proceeds from the initial public offering in the United States of America.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">During the year ended June&nbsp;30,
2021, interest expenses of &euro;5,990 thousand were incurred on these loans. In addition, the Group recognized a gain of &euro;7,601
thousand on the extinguishment of the loans during the financial year ended June&nbsp;30, 2021.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of June&nbsp;30, 2022,
Mytheresa Group had no outstanding Shareholder Loans nor incurred any interest expenses on Shareholder Loans.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.22 Tax liabilities</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Tax liabilities result from
current income taxes.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Changes in Mytheresa Group&rsquo;s
tax liabilities were as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="5" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">As of June&nbsp;30,</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2020</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2022</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 66%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">Beginning of fiscal year</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">975</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">3,853</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">14,293</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif">Additions</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">3,673</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">11,476</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">11,955</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif">Utilizations</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(795)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(466)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(180)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">Release</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(570)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(289)</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">End of fiscal year</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">3,853</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">14,293</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">25,892</td>
    <td style="padding-bottom: 2.5pt">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The increase in tax liabilities
is due to the current income taxes which are calculated based on the respective local taxable income and local tax rules&nbsp;for the
period.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.23 Provisions</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Provisions consist of obligations
resulting in an expected outflow of economic benefits and were non&#45;current for each of the periods presented. Provisions consist
of the following as of June&nbsp;30, 2022:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 60%">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Dismantling</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Other</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Total</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; width: 55%; text-align: left">Beginning of fiscal year</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 12%; text-align: right">629</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 12%; text-align: right">88</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 12%; text-align: right">717</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif">Additions</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">41</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">41</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif">Releases</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif">Utilizations</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">End of fiscal year</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">670</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">88</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">758</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group leases its
Corporate headquarter, central warehouse facility and the retail stores in Germany. Mytheresa Group recognizes a provision for expected
dismantling costs to be incurred at the end of the respective lease terms for these three facilities based on external data sources and
internal experience from past dismantling activities.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.24 Other liabilities</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Other current liabilities
consist of the following:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 65%">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="6" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">As of June&nbsp;30,</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2021</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2022</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 66%; text-align: left">Personnel-related liabilities</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right">10,115</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right">6,940</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Customer returns</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">9,631</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">16,628</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Liabilities from sales tax</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,894</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">10,596</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Liabilities against brand partners</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">2,434</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">13,208</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Accrued expenses&nbsp;&amp; other liabilities</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">26,150</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">27,516</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">50,225</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">74,889</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of June&nbsp;30, 2022,
the customer returns increased due to higher volume in sales and backlog as of year-end in processing customer returns. Additionally,
the liability from sales tax increased because of the change in submitting sales tax declaration on a quarterly basis rather than on
a monthly bases. The liabilities against brand partners increased due to the higher volume in CPM transactions.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.25 Deferred income tax assets and liabilities,
net</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table depicts
the changes in deferred tax balances through equity and profit or loss for the periods presented.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="5" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">As of June&nbsp;30,</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2020</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2022</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Deferred tax liabilities</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="width: 66%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">Beginning of fiscal year</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(5,192)</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(1,130)</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(2,308)</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Recognized through equity / other comprehensive income</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">2,318</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,249</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Recognized through profit or loss</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,744</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(1,178)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">3,488</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">End of fiscal year</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(1,130)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(2,308)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">2,429</td>
    <td>&nbsp;</td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group&rsquo;s deferred
tax balance for each of the years presented consist of the following as of June&nbsp;30:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="3" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="3" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2022</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="3" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Deferred tax</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="3" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Deferred tax</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Assets</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Liabilities</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Assets</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Liabilities</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 55%; font: 10pt Times New Roman, Times, Serif; text-align: left">Intangible assets and goodwill</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">331</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(4,290)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">291</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(4,277)</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Property and equipment</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(75)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif">Receivables</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">262</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(78)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">230</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Right-of-Use asset, contract asset&nbsp;&nbsp;and other assets</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">56</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(4,172)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">0</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(6,112)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Lease liabilities, contract liabilities and other liabilities</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">3,893</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(68)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">6,263</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(3)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif">Provisions</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">197</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">172</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(107)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif">Other</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(10)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Tax loss carryforwards</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,560</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">6,056</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Total Gross</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">6,300</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(8,608)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">13,012</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(10,584)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif">Netting</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(6,300)</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">6,300</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(6,922)</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">6,922</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Total net</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(2,308)</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">6,090</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(3,661)</td>
    <td>&nbsp;</td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Deferred tax assets and deferred
tax liabilities are offset if the deferred tax assets and liabilities relate to income taxes levied by the same taxation authority and
if there is the right to set off current tax assets against current tax liabilities. In the presentation of deferred tax assets and liabilities
in the Consolidated Statement of Financial Position, no difference is made between current and non-current. The actual non-current portion
of (gross) deferred tax assets in the table above amounts to &euro;11,068 thousand (2021: &euro;4,507 thousand), the non-current portion
of (gross) deferred tax liabilities in the table above amounts to &euro; (6,064) thousand (2021: (&euro;3,856) thousand).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For all unused interest carryforwards
in the amount of &euro;6,349 thousand deferred tax assets have been fully recognized in fiscal 2021.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For existing tax loss carryforwards
of &euro;131 thousand, no deferred tax asset has been recognized in 2022 (2021: &euro;19,014 thousand; 2020: &euro;0 thousand). The tax
losses existing at the end of fiscal year 2022 relate to Mytheresa SE, Germany (no expiry date), and Mytheresa Business Information Consulting
Co. Ltd., China (expiry after five years).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><b>A.5.26 Related party
transactions</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of June&nbsp;30, 2021,
Mytheresa Group was 78.4% owned subsidiary of MYT Holding LLC, USA. The ultimate controlling party of Mytheresa Group is MYT Ultimate
Parent LLC, USA as of June&nbsp;30, 2022.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><b>a)</b></td><td><b>Related Parties transactions</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of June&nbsp;30, 2022, Mytheresa Group had a receivable against </font>MYT Ultimate Parent LLC, USA in an amount of &euro;213 thousand.
Further, Mytheresa Group had liabilities to MYT Ultimate Parent LLC, USA in an amount of &euro;838 thousand. These balances resulted
from various intercompany charges incurred before July&nbsp;2020.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><b>b)</b></td><td><b>Key Management Personnel Compensation</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Key management personnel
as defined by IAS 24 are persons who, by virtue of their positions, are responsible for the operations of Mytheresa Group. The managing
directors of the Company and MGG constitute key management persons for Mytheresa Group, as the managing directors of the company and
MGG have the authority and responsibility for planning, directing and controlling Mytheresa Group&acute;s operating activities. The following
table shows the personnel expenses for managing directors:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="5" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Year Ended June&nbsp;30,</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2020</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2022</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; width: 66%; text-align: left; padding-bottom: 1pt">Short-term compensation</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">1,623</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">6,421</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">4,035</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Personnel expenses from long-term employee benefits</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,340</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,216</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Income from reversal of other long-term employee benefits</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(2,056)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Long-term employee benefits (net income)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">1,340</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(840)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Share-based compensation - Old Plans</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">65</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">427</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Share-based compensation - IPO related compensation for Managing Directors</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">61,578</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">38,723</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Share-based compensation - Long-term incentive program</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">957</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Total Share-based compensation</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">65</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">62,005</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">39,680</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Total personnel expenses for Managing Directors</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">3,028</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">67,586</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">43,716</td>
    <td>&nbsp;</td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Long-term employee benefits
for Managing Directors relate to a long-term incentive program, which was established in 2019, under which a cash bonus was to be paid
out upon achievement of specific revenue goals up to the year ended June&nbsp;30, 2021.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">At the time the IPO-related share-based compensation
awards were granted (see Note 27 for further details), the Managing Directors waived a portion of the long-term incentive program. The
Group recognized income for the year ended June&nbsp;30, 2021 of &euro;2,056 thousand from the reversal of such accrued amount related
to this program. Refer to Note 27 for further details regarding the Share-based compensation.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.27 Share-based compensation</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><b><i>a)</i></b></td><td style="text-align: justify"><b><i>Description of share-based
                                            compensation arrangements</i></b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In connection with the IPO,
share-based compensation programs were granted in January&nbsp;2021 to selected key management members and supervisory board members.
Selected key management members were granted an IPO related award package. This package consists of the &ldquo;Alignment Grant&rdquo;
and the &ldquo;Restoration Grant&rdquo;. Furthermore, restricted shares were granted to supervisory board members as part of the annual
plan. All equity instruments that were granted under the IPO related award package and the annual plan are accounted for as equity-settled
plans in accordance with IFRS&nbsp;2.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in">i)</td><td style="text-align: justify"><u>IPO Related One-Time Award Package</u></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i>Alignment Grant</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under this share-based payment
program, options were granted to selected key management members. The options vest and become exercisable with respect to 25 % on each
on the first four anniversaries of the grant date (January&nbsp;20, 2021). After vesting, each option grants the right to purchase one
share at a predefined exercise price per share. The vested options can be exercised up to 10 years after the grant date. The granted
options are divided into three different tranches which have varying exercise prices. Overall, 6,478,761 options were granted to 21 key
management members.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i>Restoration Grant</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under this share-based payment
program, phantom shares were granted to selected key management members. Each phantom share represents the right of the grantee to receive
one ADS in exchange for a phantom share. The granted phantom share vested immediately on the grant date and can be converted into an
ADS at any time but are subject to transfer restrictions after conversion. Up to 25% of the granted phantom shares can be transferred
after conversion at any time after the second anniversary of the grant date. The remaining 75% of the granted phantom shares can be transferred
after conversion if certain conditions are met or at the fourth anniversary of the grant date at latest. The phantom shares can be converted
into ADSs up to 10 years after the grant date. Overall, 1,875,677 phantom shares were granted to 21 key management members.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following table summarizes the main features of the one-time award
package:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 70%; border-collapse: collapse">
  <tr style="vertical-align: bottom; background-color: white">
    <td style="border-bottom: black 1pt solid; width: 32%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Type
    of arrangement</b></font></td>
    <td style="width: 2%">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; width: 32%; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Alignment
    Award</b></font></td>
    <td style="white-space: nowrap; width: 2%; text-align: center">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; width: 32%; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Restoration
    Award</b></font></td></tr>
  <tr style="background-color: rgb(204,238,255)">
    <td style="white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Type of Award</font></td>
    <td style="white-space: nowrap; vertical-align: bottom">&nbsp;</td>
    <td style="white-space: nowrap; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Share
    Options</font></td>
    <td style="white-space: nowrap; text-align: right">&nbsp;</td>
    <td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Phantom Shares</font></td></tr>
  <tr style="background-color: White">
    <td style="white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date of first grant</font></td>
    <td style="white-space: nowrap; vertical-align: bottom">&nbsp;</td>
    <td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">January&nbsp;20, 2021</font></td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">January&nbsp;20, 2021</font></td></tr>
  <tr style="background-color: rgb(204,238,255)">
    <td style="white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Number granted</font></td>
    <td style="white-space: nowrap; vertical-align: bottom">&nbsp;</td>
    <td style="white-space: nowrap; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">6,478,761</font></td>
    <td style="white-space: nowrap; text-align: right">&nbsp;</td>
    <td style="white-space: nowrap; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,875,677</font></td></tr>
  <tr style="background-color: White">
    <td style="white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Vesting
    conditions</font></td>
    <td style="white-space: nowrap; vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">25%
    graded vesting of the granted share options in each of the next four years of service from grant date</font></td>
    <td style="vertical-align: bottom; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    restoration awards are fully vested on the Grant Date.</font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in">ii)</td><td style="text-align: justify"><u>Other One-Time Award Package</u></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i>Sign-On RSU Award</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under this share-based payment
program, a certain number of restricted share units (&ldquo;RSUs&rdquo;) were granted to a management member. Each restricted share unit
(&ldquo;RSU&rdquo;) represents the right to receive an ADS (and the ordinary shares represented thereby) of MYT Netherlands Parent B.V.
upon vesting, based on the closing price per ADS on the New York Stock Exchange on the start date. Subject to Employee&rsquo;s continued
employment with the Company, the RSUs will become fully vested on the twelve-month anniversary of date the employee commenced employment.
As the Sign-on RSU Awards are not subject to an exercise price, the grant date fair value amounts to USD 31.90, the closing share price
of the grant date.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following table summarizes the main features of the annual plan:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 50%; border-collapse: collapse">
  <tr style="vertical-align: bottom; background-color: white">
    <td style="border-bottom: black 1pt solid; width: 49%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Type
    of arrangement</b></font></td>
    <td style="width: 2%">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; width: 49%"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Sign-On</b></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>RSU Award</b></p></td></tr>
  <tr style="background-color: rgb(204,238,255)">
    <td style="white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Type of Award</font></td>
    <td style="white-space: nowrap; vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Restricted
    Shares Units</font></td></tr>
  <tr style="background-color: White">
    <td style="white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date of first grant</font></td>
    <td style="white-space: nowrap; vertical-align: bottom">&nbsp;</td>
    <td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">June&nbsp;1, 2021</font></td></tr>
  <tr style="background-color: rgb(204,238,255)">
    <td style="white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Number granted</font></td>
    <td style="white-space: nowrap; vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">6,269</font></td></tr>
  <tr style="background-color: White">
    <td style="white-space: nowrap"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Vesting
    conditions</font></td>
    <td style="white-space: nowrap; vertical-align: bottom">&nbsp;</td>
    <td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    restricted shares units vested in full on May&nbsp;31, 2022.</font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in">iii)</td><td style="text-align: justify"><u>Annual Plan</u></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i>Supervisory Board Members
Plan</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under this share-based payment
program a certain number of restricted share awards was granted to supervisory board members. The ADSs (and the shares represented thereby)
issued on the grant date pursuant to the restricted share award are subject to forfeiture in the event that grantee resigns or is removed
from the supervisory board prior to the vesting date. The granted equity instruments vested on December&nbsp;31, 2021. As the restricted
share awards are not subject to an exercise price, the grant date fair value amounts to USD 31, the closing share price on the first
trading day.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of July&nbsp;1, 2021,
two Supervisory Board Members have been granted a certain number of restricted share awards. The ADSs (and the shares represented thereby)
issued on the grant date pursuant to the restricted share award are subject to forfeiture in the event that grantee resigns or is removed
from the supervisory board prior to the vesting date. The granted equity instruments vest on June&nbsp;30, 2022. As the restricted share
awards are not subject to an exercise price, the grant date fair value amounts to USD 30.68, the closing share price of the grant date.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of February&nbsp;9, 2022
four Supervisory Board Members have been granted a certain number of restricted share awards. The ADSs (and the shares represented thereby)
issued on the grant date pursuant to the restricted share award are subject to forfeiture in the event that grantee resigns or is removed
from the supervisory board prior to the vesting date. The granted equity instruments vest on February&nbsp;9, 2023. As the restricted
share awards are not subject to an exercise price, the grant date fair value amounts to USD 16.02, the closing share price on the grant
date.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i>Long-Term Incentive Plan</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under this share-based payment
program, 171,164 restricted share units (&ldquo;RSUs&rdquo;) were granted to selected key management members. Each restricted share unit
(&ldquo;RSU&rdquo;) represents the right to receive an ADS (and the ordinary shares represented thereby) of MYT Netherlands Parent B.V.
upon vesting, based on the deemed value of award on grant date.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Out of the granted RSUs,
62,217 RSUs; &ldquo;time-vesting RSUs&rdquo; will be subject to a time-based vesting and 108,947 RSUs; &ldquo;non-market performance
RSUs&rdquo; will be subject to a time and performance based vesting. One-third (1/3) of the time-vesting RSUs awarded will vest in substantially
equal installments on each of June&nbsp;30, 2022, June&nbsp;30, 2023 and June&nbsp;30, 2024, subject to continued service on such vesting
dates.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The non-market performance
RSUs will vest after 3 years on June&nbsp;30, 2024 and contain a performance condition that will determine the number of shares awardable
at the end of the performance period pursuant to the respective vested restricted share units. The performance condition is based upon
the three-year cumulative gross profit target. Potential award levels range from 25-200% of the grant depending on the achievement of
a gross profit target over the three-year period. As the RSUs are not subject to an exercise price, the grant date fair value amounts
to USD&nbsp;30.68 for 170,221 RSUs and USD 22.38 for 943 RSUs, the closing share price of the grant date.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following table summarizes the main features of the annual plan:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt"><b>&nbsp;</b></td><td style="font-size: 10pt"><b>&nbsp;</b></td>
    <td colspan="10" style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><b>Annual Plan</b></td></tr>
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif">Type of <br>
    arrangement</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="6" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Supervisory
    Board Members plan</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Key
                                            Management Members</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Long-Term
                                            Incentive Plan</b></p></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif">Type of Award</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="6" style="font: 10pt Times New Roman, Times, Serif; text-align: center">Restricted Shares</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">Time-vesting<br>
    RSUs</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">Non-market performance RSUs</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Date of first grant</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">January&nbsp;20, 2021</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">July&nbsp;1, 2021</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">February&nbsp;9,
                                            2022</font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">July&nbsp;1, 2021</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">July&nbsp;1, 2021</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 17%; text-align: left">Number granted</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 16%; text-align: right">15,384</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 16%; text-align: right">7,393</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right">22,880</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 16%; text-align: right">62,217</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 15%; text-align: right">108,947</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="vertical-align: middle; font: 10pt Times New Roman, Times, Serif; text-align: left">Vesting conditions</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">The restricted shares vested in full on December&nbsp;31,
    2021.</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">The restricted shares vested in full on June&nbsp;30, 2022.</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                            restricted shares are scheduled to vest in full on February&nbsp;9, 2023.</font></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;Graded vesting of 1/3 of the time vesting RSUs over
    the next three years.</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">3 year&rsquo;s services from grant date and achievement of
    a certain level of cumulative gross profit.</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in">iv)</td><td style="text-align: justify"><u>Pre-IPO Stock Options</u></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Certain managing directors
of the Company participated in a share-based compensation plan (the &ldquo;Old Plans&rdquo;) sponsored by Mytheresa Group&rsquo;s ultimate
parent, MYT Ultimate Parent LLC, USA (formerly Neiman Marcus Group,&nbsp;Inc., USA). These individuals received both stock options and
restricted stock awards in MYT Ultimate Parent LLC, USA (formerly Neiman Marcus Group,&nbsp;Inc., USA).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Stock Options - The outstanding
stock options issued to certain managing directors of the Company, which were issued in 2014 and 2015, consist of time-vested awards
and performance-based awards. Each option entitled the award holder to receive shares of MYT Ultimate Parent LLC, USA (formerly Neiman
Marcus Group,&nbsp;Inc., USA) for a specified exercise price, if the requisite vesting conditions are satisfied. Time vested options
required the award holder to remain employed with the Company through a specified date (with limited exceptions). Performance-based stock
options had included non-market performance vesting conditions and are were generally subject to continued service with the Company (with
limited exceptions). If a managing director has been terminated, MYT Ultimate Parent LLC, USA (formerly Neiman Marcus Group,&nbsp;Inc.,
USA) had the right to repurchase any unexercised portion of any options held by such managing director or any shares acquired by such
managing director pursuant to the exercise of any options, provided that such right shall cease upon an IPO or other registration of
Neiman Marcus&rsquo; shares.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For the time-vested stock
options, Mytheresa Group only recognized expenses for employees expected to remain with the Company through retirement or registration
of MYT Ultimate Parent LLC, USA (formerly Neiman Marcus Group,&nbsp;Inc., USA) shares. No expense was recorded for outstanding performance-based
awards during fiscal 2018, fiscal 2019 or fiscal 2020, because neither an IPO of MYT Ultimate Parent LLC, USA (formerly Neiman Marcus
Group,&nbsp;Inc., USA), nor the performance vesting conditions were probable.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">MYT Ultimate Parent LLC,
USA cancelled all time-vested as well as performance-based stock options for nil consideration in February&nbsp;2021. Therefore, an expense
of &euro; 427 thousand were recognized immediately as result of the acceleration of vesting.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><b><i>b)</i></b></td><td style="text-align: justify"><b><i>Reconciliation of
                                            outstanding share options</i></b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The number and weighted-average
exercise prices of share options under the share option programs described above were as follows.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="3" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Time-vested Options</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="3" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Performance-based <br> Options</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="3" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Alignment award</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Options</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Wtd. Average<br> Exercise Price<br> (USD)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Options</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Wtd. Average<br> Exercise Price<br> (USD)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Options</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Wtd. Average<br> Exercise Price<br> (USD)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 33%; font: bold 10pt Times New Roman, Times, Serif">June&nbsp;30, 2020</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">2,005</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">500</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">1,620</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">1,000</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">N/A</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif">granted</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">N/A</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">N/A</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">6,478,761</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">8,30</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif">cancelled</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(2,005)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">500</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(1,620)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,000</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">N/A</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif">forfeited</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">N/A</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">N/A</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">N/A</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">exercised</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">N/A</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">N/A</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">N/A</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">June&nbsp;30, 2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">6,478,761</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">8,30</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif">June&nbsp;30, 2021</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">6,478,761</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">8.30</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif">forfeited</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">N/A</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">N/A</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">N/A</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">exercised</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">N/A</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">N/A</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">71,086</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">18.59</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif">June&nbsp;30, 2022</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">6,407,675</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">8.30</td>
    <td>&nbsp;</td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The range of exercise prices
for the share options outstanding as of June&nbsp;30, 2022 is between 5.79 USD and 11.58 USD. The average remaining contractual life
is 8.6 years.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><b><i>c)</i></b></td><td style="text-align: justify"><b><i>Measurement of fair
                                            values</i></b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b><u>Alignment Grant</u></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The fair value of the employee
share options has been measured using the Black-Scholes formula. The inputs used in the measurement of the fair values at grant date
of the equity-settled share-based payment plans were as follows.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; width: 44%; background-color: white; text-align: left"><font style="font-size: 10pt"><b>Black Scholes Model - Weighted Average Values</b></font></td>
    <td style="vertical-align: bottom; width: 2%; background-color: white; text-align: left">&nbsp;</td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; width: 17%; background-color: white; text-align: center"><font style="font-size: 10pt"><b>Tranche I</b></font></td>
    <td style="white-space: nowrap; width: 1%">&nbsp;</td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; width: 17%; background-color: white; text-align: center"><font style="font-size: 10pt"><b>Tranche II</b></font></td>
    <td style="white-space: nowrap; width: 1%">&nbsp;</td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; width: 18%; background-color: white; text-align: center"><font style="font-size: 10pt"><b>Tranche III</b></font></td></tr>
  <tr style="background-color: rgb(204,238,255)">
    <td style="white-space: nowrap; text-align: left"><font style="font-size: 10pt">Weighted average fair value</font></td>
    <td style="white-space: nowrap; vertical-align: bottom; text-align: left">&nbsp;</td>
    <td style="white-space: nowrap; text-align: center"><font style="font-size: 10pt">$ 25.42</font></td>
    <td style="white-space: nowrap; vertical-align: bottom">&nbsp;</td>
    <td style="white-space: nowrap; text-align: center"><font style="font-size: 10pt">$ 22.93</font></td>
    <td style="white-space: nowrap; vertical-align: bottom">&nbsp;</td>
    <td style="white-space: nowrap; text-align: center"><font style="font-size: 10pt">$ 20.68</font></td></tr>
  <tr style="background-color: White">
    <td style="white-space: nowrap; text-align: left"><font style="font-size: 10pt">Exercise price</font></td>
    <td style="white-space: nowrap; vertical-align: bottom; text-align: left">&nbsp;</td>
    <td style="white-space: nowrap; text-align: center"><font style="font-size: 10pt">$ 5.79</font></td>
    <td style="white-space: nowrap; vertical-align: bottom">&nbsp;</td>
    <td style="white-space: nowrap; text-align: center"><font style="font-size: 10pt">$ 8.68</font></td>
    <td style="white-space: nowrap; vertical-align: bottom">&nbsp;</td>
    <td style="white-space: nowrap; text-align: center"><font style="font-size: 10pt">$ 11.58</font></td></tr>
  <tr style="background-color: rgb(204,238,255)">
    <td style="white-space: nowrap; text-align: left"><font style="font-size: 10pt">Weighted average share price</font></td>
    <td style="white-space: nowrap; vertical-align: bottom; text-align: left">&nbsp;</td>
    <td style="white-space: nowrap; text-align: center"><font style="font-size: 10pt">&nbsp;$ 31.00 </font></td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center"><font style="font-size: 10pt">&nbsp;$ 31.00 </font></td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center"><font style="font-size: 10pt">&nbsp;$ 31.00 </font></td></tr>
  <tr style="background-color: White">
    <td style="white-space: nowrap; text-align: left"><font style="font-size: 10pt">Expected volatility</font></td>
    <td style="white-space: nowrap; vertical-align: bottom; text-align: left">&nbsp;</td>
    <td style="white-space: nowrap; vertical-align: bottom; text-align: center"><font style="font-size: 10pt">60%</font></td>
    <td style="vertical-align: bottom; text-align: center">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: center"><font style="font-size: 10pt">60%</font></td>
    <td style="vertical-align: bottom; text-align: center">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: center"><font style="font-size: 10pt">60%</font></td></tr>
  <tr style="background-color: rgb(204,238,255)">
    <td style="white-space: nowrap; text-align: left"><font style="font-size: 10pt">Expected life&nbsp;</font></td>
    <td style="white-space: nowrap; vertical-align: bottom; text-align: left">&nbsp;</td>
    <td style="text-align: center"><font style="font-size: 10pt">2.32 years</font></td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center"><font style="font-size: 10pt">2.32 years</font></td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center"><font style="font-size: 10pt">2.32 years</font></td></tr>
  <tr style="background-color: White">
    <td style="white-space: nowrap; text-align: left"><font style="font-size: 10pt">Risk free rate</font></td>
    <td style="white-space: nowrap; vertical-align: bottom; text-align: left">&nbsp;</td>
    <td style="white-space: nowrap; vertical-align: bottom; text-align: center"><font style="font-size: 10pt">0.0%</font></td>
    <td style="vertical-align: bottom; text-align: center">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: center"><font style="font-size: 10pt">0.0%</font></td>
    <td style="vertical-align: bottom; text-align: center">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: center"><font style="font-size: 10pt">0.0%</font></td></tr>
  <tr style="background-color: rgb(204,238,255)">
    <td style="white-space: nowrap; text-align: left"><font style="font-size: 10pt">Expected dividends&nbsp;&nbsp;&nbsp;</font></td>
    <td style="white-space: nowrap; vertical-align: bottom; text-align: left">&nbsp;</td>
    <td style="text-align: center"><font style="font-size: 10pt">-</font></td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center"><font style="font-size: 10pt">-</font></td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center"><font style="font-size: 10pt">-</font></td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Expected volatility has been
based on an evaluation of the historical volatility of publicly traded peer companies, particularly over the historical period commensurate
with the expected term.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b><u>Restoration Grant</u></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As the phantom shares granted
under the Restoration Award are not subject to an exercise price, the grant date fair value amounts to USD 31, the closing share price
on the first trading day.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><b><i>d)</i></b></td><td style="text-align: justify"><b><i>Share-based compensation
                                            expense recognized</i></b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Amounts recognized for share
based payment programs were as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 70%">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="6" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Year Ended
    June&nbsp;30,</td><td style="font-size: 10pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2021</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2022</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; width: 66%; text-align: left">Classified within capital reserve (beginning
    of year)</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; width: 14%; text-align: right">1,055</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; width: 14%; text-align: right">76,325</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Expense related to:</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">75,270</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">52,303</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-indent: 0.25in">Share Options</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">427</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0.25in">Share Options (Alignment Grant)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">26,820</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">49,837</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0.25in">Phantom Shares (Restoration Grant)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">47,825</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">0</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-indent: 0.25in">Restricted Shares</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">184</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">524</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-indent: 0.25in">Restricted Share Units</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">13</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,943</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Classified within capital reserve (end of year)</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">76,325</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">128,628</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Mytheresa Group recognized
total expense of &euro;52.3 million for fiscal year ended June&nbsp;30,&nbsp;2022 and &euro;74.8 million for fiscal year ended June&nbsp;30,
2021 that were classified in equity.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.28 Financial instruments and financial
risk management</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table shows
the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy.
The table excludes fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount
reasonably approximates fair value.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial instruments as
of June&nbsp;30, 2021 is as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="14" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Year ended
    June&nbsp;30, 2021</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; white-space: nowrap">(in &euro; thousands)</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Carrying<br>
    amount</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Categories<br>
    outside of<br>
    IFRS 9</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="white-space: nowrap; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Category
    in<br>
    accordance with <br>
    IFRS 9</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="white-space: nowrap; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Fair
    <br>
    value</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="white-space: nowrap; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Fair
    <br>
    value <br>
    hierarchy<br>
    level</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Financial assets</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Non-Current financial assets</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: center">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right"></td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right"></td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="padding-left: 0.125in; font: 10pt Times New Roman, Times, Serif; text-align: left">Non-current deposits</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">175</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">Amortized cost</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Current financial assets</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 9pt">Trade and other receivables</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">5,030</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;Amortized cost</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 9pt">Cash and cash equivalents</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">76,760</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;Amortized cost</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 9pt">Other assets</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">14,492</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">10,864</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: italic 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0.25in">thereof deposits</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">816</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;Amortized cost</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: italic 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0.25in">thereof other financial assets</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">5,030</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;Amortized cost</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Financial liabilities</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Non-current financial liabilities</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 9pt">Lease liabilities</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">8,786</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">8,786</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;N/A</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Current financial liabilities</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="padding-left: 0.125in; font: 10pt Times New Roman, Times, Serif; text-align: left">Tax liabilities</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">14,293</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">14,293</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;N/A</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 9pt">Lease liabilities</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">5,361</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">5,361</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;N/A</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 9pt">Trade and other payables</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">44,210</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;Amortized cost</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 9pt">Other liabilities</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">50,227</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">40,596</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: italic 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0.25in">thereof other financial liabilities</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">9,631</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;Amortized cost</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial instruments as
of June&nbsp;30, 2022 is as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="14" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Year ended
    June&nbsp;30, 2022</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; white-space: nowrap">(in &euro; thousands)</td><td style="padding-bottom: 1pt; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Carrying<br>
    amount</td><td style="padding-bottom: 1pt; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="padding-bottom: 1pt; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Categories<br>
    outside of<br>
    IFRS 9</td><td style="padding-bottom: 1pt; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="padding-bottom: 1pt; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Category
    in<br>
    accordance with<br>
    IFRS 9</td><td style="padding-bottom: 1pt; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Fair
    <br>
    value</td><td style="padding-bottom: 1pt; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="padding-bottom: 1pt; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Fair
    <br>
    value<br>
    hierarchy <br>
    level</td><td style="padding-bottom: 1pt; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Financial assets</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Non-Current financial assets</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="padding-left: 0.125in; font: 10pt Times New Roman, Times, Serif; text-align: left">Non-current deposits</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">294</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amortized
    cost</font></td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Current financial assets</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 9pt">Trade and other receivables</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">8,276</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;Amortized
    cost</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 9pt">Cash and cash equivalents</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">113,507</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;Amortized
    cost</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 9pt">Other assets</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">61,874</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">17,170</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: italic 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0.25in">thereof deposits</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">414</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;Amortized
    cost</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: italic 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0.25in">thereof other financial assets</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">44,290</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;Amortized
    cost</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Financial liabilities</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Non-current financial liabilities</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 9pt">Lease liabilities</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">16,817</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">16,817</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;N/A</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Current financial liabilities</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 9pt">Tax liabilities</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">25,892</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">25,892</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;N/A</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 9pt">Lease liabilities</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">5,189</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">5,189</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;N/A</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 9pt">Trade and other payables</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">45,156</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;Amortized
    cost</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 9pt">Other liabilities</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">58,261</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: italic 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0.25in">thereof other financial liabilities</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;Amortized
    cost</font></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The carrying amounts of each
of the measurement categories listed above and defined by IFRS&nbsp;9 are as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 95%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="10" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Year ended
    June&nbsp;30,</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2020</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2022</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2022</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif">(in &euro; thousands)</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Carrying<br>
    amount</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Carrying<br>
    amount</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Carrying<br>
    amount</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 61%; text-align: left">Financial assets measured at Amortized cost (AC)</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">24,246</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">85,592</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">166,486</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Financial liabilities measured at Amortized cost (AC)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">245,545</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">53,842</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">61,784</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Due to their nature, the
carrying amounts of cash and cash equivalents, trade and other receivables, and trade and other payables approximate their fair value.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">There were no transfers between
the different levels of the fair value hierarchy during fiscal 2021 and fiscal 2022. Mytheresa Group&rsquo;s policy is to recognize transfers
into and transfers out of fair value hierarchy levels as of the end of the reporting period.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As Mytheresa Group does not
meet the criteria for offsetting, no financial instruments are netted.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Foreign
exchange derivatives held only during the year were designated as hedging instruments, the effective fair value changes of which were
recognized in separate </font>components of equity. The development of the corresponding reserves is shown in the following table:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">July&nbsp;1,
    2021</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Additions</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Reclassification</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June&nbsp;30,
    2022</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 49%; font: 10pt Times New Roman, Times, Serif">OCI 1</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(4,434)</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">4,434</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif">OCI 2</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(538)</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">538</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Net gains or losses</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The table below shows the
net gains and losses of financial instruments per measurement categories defined by IFRS&nbsp;9:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 95%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="7" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Year ended
    June&nbsp;30,</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2020</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2021</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2022</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 64%; font: 10pt Times New Roman, Times, Serif; text-align: left">Financial liabilities measured at Amortized cost
    (AC)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(12,988)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">7,900</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(386)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left"></td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Financial assets and financial liabilities measured at fair
    value through profit or loss (FVPL)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">2</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Net gains and losses on financial
assets measured at amortized cost mainly include changes in the loss allowance on trade receivables, currency translation differences
and income from payments received on trade receivables, which were already written off. Net gains and losses on financial liabilities
measured at amortized cost include gains and losses from interest expenses. Net gains and losses on financial assets and financial liabilities
measured at fair value through profit or loss represent changes in fair value measurement.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Interest income and expenses</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Interest expense is calculated
by applying the effective interest rate to the gross carrying amount of liabilities measured at amortized cost (See Note 11).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Financial risk management</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group&rsquo;s management
has the overall responsibility to establish and oversee Mytheresa Group&rsquo;s financial risk management. Mytheresa Group&rsquo;s financial
risk management policies are established to identify and analyze the risks faced by Mytheresa Group, to set appropriate risk limits and
controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes
in market conditions and Mytheresa Group&rsquo;s activities. Mytheresa Group, through its training and management standards and procedures,
aims to maintain a disciplined and constructive control environment in which all employees understand their roles and obligations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group has exposure
to the following risks arising from financial instruments:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Market risk</u></i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Market risk is the risk that
changes in market prices, such as foreign exchange rates or interest rates will affect Mytheresa Group&rsquo;s income or the value of
its financial instruments. Mytheresa Group manages its market risk on a centralized basis with the objectives of managing and controlling
market risk exposures within acceptable parameters.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.25in"><font style="font-family: Times New Roman, Times, Serif">&bull;</font></td><td style="text-align: justify"><i>Currency
                                            risk</i></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Currency risks exist in particular
where trade receivables, trade payables, cash and cash equivalents and planned transactions are not or will not be denominated in Euro
and based on the financial currency of the subsidiaries. Mytheresa Group generates net sales in several different currencies, mostly
denominated in either Euro or U.S. Dollars.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group economically
hedges its net foreign currency exposure at around 50% (excluding the Shareholder Loans), by entering into foreign exchange hedging transactions
with a maximum duration of one year. Mytheresa Group applied hedge accounting to these transactions during fiscal 2022. As of June&nbsp;30,
2021 and 2022, Mytheresa Group has no derivatives outstanding.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following tables show
the impact to profit or loss if the foreign currencies would increase or decrease against the Euro (foreign exchange sensitivity), based
on the exposures in GBP and U.S. Dollars as of the reporting date.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 65%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="padding-bottom: 1pt; font-size: 10pt">&nbsp;</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="14" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Year ended
    June&nbsp;30,</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="6" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2021</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="6" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2022</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; white-space: nowrap">in &euro; thousands</td><td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">&euro;
    appreciation<br>
    +10%</td><td style="white-space: nowrap; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">&euro;
    depreciation<br>
    -10%</td><td style="white-space: nowrap; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">&euro;
    appreciation<br>
    +10%</td><td style="white-space: nowrap; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">&euro;
    depreciation<br>
    -10%</td><td style="white-space: nowrap; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 0.25in; width: 48%; text-align: left">&euro; Sensitivity</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(1,128)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left"></td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">1,379</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(1,232)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left"></td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">1,505</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.25in"><font style="font-family: Times New Roman, Times, Serif">&bull;</font></td><td style="text-align: justify"><i>Interest
                                            rate risk</i></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The fair value of our cash
and cash equivalents that were held primarily in cash deposits would not be significantly affected by either an increase or decrease
in interest rates due to the short-term nature of these instruments. We do not expect that interest rates will have a material impact
on our results of operations. Interest expense under our Revolving Credit Facilities is historically immaterial.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Liquidity risk</u></i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Liquidity risk is the risk
that Mytheresa Group will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled
by delivering cash or other financial assets. Mytheresa Group monitors the level of expected cash inflows on trade and other receivables
together with expected cash outflows on trade and other payables to ensure that it will have sufficient liquidity to meet its liabilities
when they are due, under both normal and stressed conditions, without incurring unacceptable losses or creating other risks. Cash inflow
from trade receivables are received usually within one week. Mid-to long-term payment terms with suppliers compensate for risks arising
from financing of inventories. Mytheresa Group&rsquo;s primary liquidity risk pertained to the prior Shareholder Loans, which have been
fully repaid as of June&nbsp;30, 2021. Historically, Mytheresa Group had several other shareholder loans outstanding which were cancelled
and no longer outstanding as a result of the Prior Restructuring Transactions.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group also has
two revolving credit facilities in place to balance monthly cash flow volatility. The following table details undiscounted contractually
agreed future cash outflows from financial liabilities.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Maturity analysis of financial
liabilities as of June&nbsp;30, 2021:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="18" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Year ended
    June&nbsp;30, 2021</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; white-space: nowrap">in &euro; thousands</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&lt;1
    year</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">1
    - 5 years</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&gt;
    5 years</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Total</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Carrying
    amount</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 35%; font: 10pt Times New Roman, Times, Serif; text-align: left">Trade and other payables</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">44,210</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">44,210</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">44,210</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Other liabilities</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">50,227</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">50,227</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">50,227</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Lease liabilities</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">5,733</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">9,151</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">14,884</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">14,147</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">Total</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">99,515</td><td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">9,151</td><td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">108,666</td><td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">107,929</td><td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Maturity analysis of financial
liabilities as of June&nbsp;30, 2022:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="18" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Year ended
    June&nbsp;30, 2022</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; white-space: nowrap">in &euro; thousands</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&lt;1
    year</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">1
    - 5 years</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&gt;
    5 years</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Total</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Carrying
    amount</td><td style="white-space: nowrap; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 35%; font: 10pt Times New Roman, Times, Serif; text-align: left">Trade and other payables</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">45,156</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">45,156</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">45,156</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Other liabilities</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">74,889</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">74,889</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">74,889</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Lease liabilities</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">5,764</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">30,325</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">21,548</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">57,637</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">22,006</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">Total</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">125,809</td><td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">30,325</td><td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">21,548</td><td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">177,682</td><td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">142,051</td><td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Credit risk</u></i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Credit risk is the risk of
financial loss to Mytheresa Group if a customer or counterparty to a financial instrument fails to meet its contractual obligations.
Credit risk includes both the immediate default risk and the danger of a decline in the customer&rsquo;s creditworthiness.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group&rsquo;s exposure
to credit risk is limited, as the goods are not delivered until payment by the customer has been confirmed. Trade receivables are only
generated via online and in-store sales, where customers pay the invoice amount by credit card or a comparable payment method. Due to
these advanced payments, Mytheresa Group does not face significant credit risk related to its customers. Mytheresa Group also has no
significant credit risk towards credit card companies, which only act as intermediaries for customer payment transactions. However, credit
risk might occur in case of credit card fraud. Mytheresa Group has a team within its finance function, which is in charge of detecting
early stage credit card fraud. Credit card fraud is considered objective evidence of impairment for which Mytheresa Group recognizes
lifetime ECL.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group is exposed
to credit risk on cash and cash equivalents, which it monitors centrally. Mytheresa Group maintains its cash deposits at financial institutions
with top credit ratings. The creditworthiness of these financial institutions is constantly monitored. Mytheresa Group considers that
its cash and cash equivalents have low credit risk based on the external credit ratings of these financial institutions. As the loss
allowance is immaterial, it was not recognized.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table provides
the gross carrying amounts of cash and cash equivalents by ratings as of June&nbsp;30, 2021 and 2022:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 50%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="6" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Year ended
    June&nbsp;30,</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif">in &euro; thousands</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2021</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2022</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 68%; font: 10pt Times New Roman, Times, Serif; text-align: left">Rating Class&nbsp;1</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 13%; font: 10pt Times New Roman, Times, Serif; text-align: right">75,958</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 13%; font: 10pt Times New Roman, Times, Serif; text-align: right">112,627</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Rating Class&nbsp;2</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">752</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">838</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Rating Class&nbsp;3</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">49</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">54</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Rating Class&nbsp;1 reflects
financial institutions based in the European Union; Rating Class&nbsp;2 are financial institutions, with a bank license e.g. PayPal;
Class&nbsp;3 positions with cash held on hand and financial institutions outside the European Union.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The movement in the loss
allowance for expected credit losses in respect to trade and other receivables during fiscal 2021 and fiscal 2022 was as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 50%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="6" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Year ended
    June&nbsp;30,</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif">in &euro; thousands</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2021</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2022</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 68%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">Beginning of fiscal year</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 13%; font: 10pt Times New Roman, Times, Serif; text-align: right">46</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 13%; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Decrease loss allowance during the period</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(46)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"></td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">Write-offs</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">End of fiscal year</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Default risks from other
financial instruments are immaterial. Therefore, no loss allowance was recognized for other financial instruments.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Capital risk management</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mytheresa Group&rsquo;s objective
when managing capital is to safeguard Mytheresa Group&rsquo;s ability to provide returns for shareholders and benefits for other stakeholders
and to maintain an optimal capital structure to reduce the cost of capital. Mytheresa Group is not subject to any externally imposed
capital requirements.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.29 Notes to the consolidated statement
of cash flows</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="3" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Liabilities from financing activities</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Liabilities to<br> banks</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Lease liabilities</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Shareholder Loans</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Total</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 55%; font: 10pt Times New Roman, Times, Serif; text-align: left">Interest payments on financial liabilities</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(951)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(523)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(1,499)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(2,973)</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Lease payments</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(4,256)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(4,256)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Change in Cash Flow</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(951)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(4,779)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(1,499)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(7,229)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">Net debt as of July&nbsp;1, 2019</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">3,649</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">18,364</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">126,079</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">148,092</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Additions (Disposals)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">6,351</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">5,607</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">56,969</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">68,927</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Interest expenses</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">951</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">523</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">9,645</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">11,119</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Total change in liabilities</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">7,302</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">6,130</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">66,614</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">80,046</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">Net debt as of June&nbsp;30, 2020</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">10,000</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">19,715</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">191,194</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">220,909</td>
    <td>&nbsp;</td></tr>
  </table>



<p style="font-size: 10pt; margin: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="3" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Liabilities from financing activities</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Liabilities to<br> banks</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Lease liabilities</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Shareholder Loans</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Total</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 55%; font: 10pt Times New Roman, Times, Serif; text-align: left">Interest payments on financial liabilities</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(521)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(612)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(3,125)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(4,257)</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Lease payments</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(5,800)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(5,800)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Change in Cash Flow</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(521)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(6,412)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(3,125)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(10,057)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">Net debt as of July&nbsp;1, 2020</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">10,000</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">19,715</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">191,194</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">220,909</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Additions (Disposals)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(11,041)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(12,591)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(197,444)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(221,076)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Interest expenses</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">521</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">612</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">3,125</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">4,257</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Total change in liabilities</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(10,520)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(11,979)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(194,319)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(216,819)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">Net debt as of June&nbsp;30, 2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">14,147</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">14,147</td>
    <td>&nbsp;</td></tr>
  </table>



<p style="font-size: 10pt; margin: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="3" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Liabilities from financing activities</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Liabilities to <br> banks</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Lease liabilities</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Shareholder Loans</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Total</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 55%; font: 10pt Times New Roman, Times, Serif; text-align: left">Interest payments on financial liabilities</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(386)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(612)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(998)</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Lease payments</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(5,466)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 1pt">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(5,466)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Change in Cash Flow</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(386)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(6,078)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 1pt">-</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(6,464)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right; padding-bottom: 1pt">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">Net debt as of July&nbsp;1, 2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">14,147</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 2.5pt">-</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">14,147</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Additions (Disposals)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(772)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,169</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">397</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Interest expenses</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">386</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">612</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 1pt">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">998</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Total change in liabilities</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(386)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">1,781</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 1pt">-</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">1,395</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right; padding-bottom: 1pt">&nbsp;</td><td style="font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">Net debt as of June&nbsp;30, 2022</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">22,006</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 2.5pt">-</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">22,006</td>
    <td>&nbsp;</td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of June&nbsp;30, 2022
Mytheresa Group and cash equivalent balances are available for use.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>A.5.30 Events after the reporting year</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Beginning with fiscal year
2023, the Mytheresa Group executed a new long-term incentive compensation (&ldquo;LTI&rdquo;) program for members of the top management
under the MYT Netherlands Omnibus Incentive Compensation Plan. The LTI for fiscal year 2023 is a three-year, long-term incentive program
as combination of awarded performance share units and awarded restricted stock units. The performance share units are based on the company&rsquo;s
performance over the three-year period and vest after three years. The restricted stock units vest annually during the three-year period.
The estimated expense for fiscal year 2023 will be approximately &euro;2.1 million.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>10. Separate Financial Statements as of June&nbsp;30,
2022</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>B.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Separate
Statement of Financial Position as of June&nbsp;30, 2022</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(Before the proposed appropriation of the result and expressed in
 &euro; thousands)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif">(in &euro;)</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Note</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">June&nbsp;30,
    2021</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">June&nbsp;30,
    2022</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif">Assets</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Fixed assets</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Financial fixed assets</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 61%; text-align: left">Participating interest in group companies</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: center">B.3.3</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">385,847</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">430,188</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Deferred tax assets</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">B.3.4</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">6,056</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Total Fixed assets</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">385,847</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">436,244</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Current assets</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: center">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Receivables from group companies</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">B.3.5</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">6,296</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">17,914</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Receivables from participants</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">B.3.5</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">213</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">212</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Other Current Assets</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">B.3.6</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,676</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,887</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Cash and cash equivalents</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">B.3.7</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,432</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">2,157</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Total current assets</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">9,617</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">22,170</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Total assets</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">395,464</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">458,414</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Shareholders&rsquo; equity and liabilities</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif">Share capital</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: center">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif">Share premium</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">444,308</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">498,228</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Translation reserve</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: center">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,602</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,602</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Accumulated deficit</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: center">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(28,017)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(60,621)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Unappropriated result</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(32,604)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(7,898)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Total shareholders&rsquo; equity</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">B.3.8</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">385,290</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">431,313</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Current liabilities</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Debts to group companies</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">B.3.9</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">6,967</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">19,784</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Debts to participants</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">B.3.9</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">839</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">838</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Trade and other payables</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">B.3.10</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">263</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">42</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Other Current liabilities</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">B.3.11</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">2,106</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">6,437</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Total current liabilities</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">10,174</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">27,101</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Total liabilities</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">10,174</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">27,101</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Total shareholders&rsquo; equity and liabilities</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">395,464</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">458,414</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">The notes on pages&nbsp;171 to 182
are an integral part of these separate financial statements.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>B.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Separate
Statement of profit and loss for the year ended June&nbsp;30, 2022</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">2021</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">2022</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Note</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">in &euro;
    thousands</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">in &euro;
    thousands</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 61%; text-align: left">Share in results from participating interests,
    after taxation</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: center">B.3.15</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">43,452</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">33,426</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Other income and expenses, after taxation</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">B.3.17</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(76,056)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(41,324)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Net result</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(32,604)</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(7,898)</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"></td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">The notes on pages&nbsp;171 to 182
are an integral part of these separate financial statements.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>B.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notes
to the separate financial statements</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>B.3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">These separate financial
statements and the consolidated financial statements together constitute the statutory financial statements of MYT Netherlands Parent
B.V. (hereafter: &lsquo;the Company&rsquo;). The financial information of the Company is included in the Company&rsquo;s consolidated
financial statements, as presented on pages&nbsp;171 to 182.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>B.3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basis
of preparation</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">These separate financial
statements have been prepared in accordance with Title 9, Book 2 of the Dutch Civil Code. For setting the principles for the recognition
and measurement of assets and liabilities and determination of results for its separate financial statements, the Company makes use of
the option provided in section 2:362(8)&nbsp;of the Dutch Civil Code. This means that the principles for the recognition and measurement
of assets and liabilities and determination of the result (hereinafter referred to as principles for recognition and measurement) of
the separate financial statements of the Company are the same as those applied for the consolidated EU-IFRS financial statements. These
principles also include the classification and presentation of financial instruments, being equity instruments or financial liabilities.
In case no other principles are mentioned, refer to the accounting principles as described in the consolidated financial statements.
For an appropriate interpretation of these statutory financial statements, the separate financial statements should be read in conjunction
with the consolidated financial statements. In so far as no further explanation is provided of items in the separate statement of financial
position and the separate statement of profit and loss, please refer to the notes to the consolidated statement of financial position
and consolidated statement of profit or comprehensive income on pages&nbsp;118 to 169.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Information on the use of
financial instruments and on related risks for the group is provided in the notes to the consolidated financial statements of the group.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">All amounts in the company
financial statements are presented in Euro thousands, unless stated otherwise.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>B.3.2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Participating
interests in group companies</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Group companies are all entities
in which the Company has direct or indirect control. The Company controls an entity when it is exposed, or has rights, to variable returns
from its involvement with the group company and has the ability to affect those returns through its power over the group company. Group
companies are recognized from the date on which control is obtained by the Company and derecognized from the date that control by the
Company over the group company ceases. Participating interests in group companies are accounted for in the separate financial statements
according to the equity method, with the principles for the recognition and measurement of assets and liabilities and determination of
results as set out in the notes to the consolidated financial statements.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Participating interests with
a negative net asset value are valued at nil. This measurement also covers any receivables provided to the participating interests that
are, in substance, an extension of the net investment. In particular, this relates to loans for which settlement is neither planned nor
likely to occur in the foreseeable future. A share in the profits of the participating interest in subsequent years will only be recognized
if and to the extent that the cumulative unrecognized share of loss has been absorbed. If the Company fully or partially guarantees the
debts of the relevant participating interest, or if has the constructive obligation to enable the participating interest to pay its debts
(for its share therein), then a provision is recognized accordingly to the amount of the estimated payments by the Company on behalf
of the participating interest.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>B.3.2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Share
of result of participating interests</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The share in the result of
participating interests consists of the share of the Company in the result of these participating interests. Results on transactions
involving the transfer of assets and liabilities between the Company and its participating interests and mutually between participating
interests themselves, are eliminated to the extent that they can be considered as not realized.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company makes use of
the option to eliminate intragroup expected credit losses against the book value of loans and receivables from the Company to participating
interests, instead of elimination against the equity value / net asset value of the participating interests.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>B.3.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial
fixed assets</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following tables shows the participating interests in group companies
as of June&nbsp;30, 2022:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 85%; border-collapse: collapse">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: black 1pt solid; white-space: nowrap; width: 57%; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Participating
    interest in group companies </b></font></td>
    <td style="white-space: nowrap; width: 3%">&nbsp;</td>
    <td style="border-bottom: black 1pt solid; white-space: nowrap; width: 25%; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Location</b></font></td>
    <td style="white-space: nowrap; width: 2%">&nbsp;</td>
    <td style="border-bottom: black 1pt solid; width: 12%; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Percentage<br>
    of ownership</b></font></td>
    <td style="width: 1%; text-align: center">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: #CFF3FD">
    <td style="white-space: nowrap; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mytheresa
    Group GmbH</font></td>
    <td style="white-space: nowrap; text-align: justify">&nbsp;</td>
    <td style="white-space: nowrap; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Munich,
    Germany</font></td>
    <td style="white-space: nowrap; text-align: justify">&nbsp;</td>
    <td style="white-space: nowrap; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100%</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>
  <tr style="vertical-align: bottom">
    <td style="white-space: nowrap; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mytheresa
    SE </font></td>
    <td style="white-space: nowrap">&nbsp;</td>
    <td style="white-space: nowrap; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Munich,
    Germany</font></td>
    <td style="white-space: nowrap">&nbsp;</td>
    <td style="white-space: nowrap; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100%</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: left">&nbsp;</td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Movements in the participating
interests have been as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Date</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Movement</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Participating<br>
    interest in<br> Mytheresa<br> Group GmbH<br> (in &euro; thousands)</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Participating<br>
    interest in<br> Mytheresa SE <br> (in &euro; thousands)</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Total</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 12%; font: 10pt Times New Roman, Times, Serif">June&nbsp;30, 2020</td><td style="width: 1%; font-size: 10pt">&nbsp;</td>
    <td style="width: 48%; font-size: 10pt">&nbsp;</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">64,811</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">136</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">64,947</td><td style="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Profit/loss for the year</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">43,588</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(136)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">43,452</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Capital contribution to subsidiary related to share-based
    compensation.</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">11,995</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">11,995</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Capital contribution(*)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">265,453</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">265,453</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif">June&nbsp;30, 2021</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">385,847</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">385,847</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Profit/loss for the year</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">33,397</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">29</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">33,426</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Capital contribution to subsidiary related to share-based
    compensation.</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">10,915</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">10,915</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif">June&nbsp;30, 2022</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">430,159</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">29</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">430,188</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  </table>





<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"></p>

<!-- Field: Rule-Page --><div style="margin-top: 0; margin-bottom: 0; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(*) This is a capital contribution
with the proceeds from the IPO to repay the shareholder loans within the participating interest and contribute cash to this operating
entity.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">During the period presented,
no impairment occurred.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>B.3.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred
tax assets</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 75%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="6" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">As of June&nbsp;30,</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2021</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2022</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Deferred tax assets</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Beginning of fiscal year</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 74%; text-align: left">Recognized through equity / other comprehensive
    income</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">1,249</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Recognized through profit or loss</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">4,807</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">End of fiscal year</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">6,056</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Deferred tax assets on tax
loss carryforwards for the MYT Netherlands Parent B.V. are fully recognized in fiscal 2022 in accordance with IAS 12.36 (d). Management
expects utilization of the tax loss carryforwards within a forecasting period of five years to be sufficiently probable as the entity
will enter the German income tax group in fiscal year 2023 and can utilize its losses against the taxable income of the income tax group.
In total, a deferred tax asset of &euro;6,056 thousand was recognized. Thereof, &euro;1,249 thousand was recognized according to IAS
12.61A directly to equity in the current period as part of the tax loss carryforwards include tax deductible expenses related to IPO
transaction costs which were originally recorded directly to equity under IFRS.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>B.3.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivables
from group companies and participants</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 75%">
<tr style="vertical-align: bottom"><td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">June&nbsp;30, 2021</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">June&nbsp;30, 2022</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="padding-bottom: 1pt; white-space: nowrap; font-size: 10pt">&nbsp;</td><td style="padding-bottom: 1pt; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center">(in
    &euro; thousands)</td><td style="padding-bottom: 1pt; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td><td style="padding-bottom: 1pt; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center">(in
    &euro; thousands)</td><td style="padding-bottom: 1pt; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 74%; font: 10pt Times New Roman, Times, Serif; text-align: left">MYT Ultimate Parent LLC</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">213</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">213</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Neiman Marcus Group Ltd. LLC</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Receivables from participants</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">213</td><td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">213</td><td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">&nbsp;</td><td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Theresa Warenvertrieb GmbH</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">693</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">2,881</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">mytheresa.com GmbH</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">5,502</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">14,913</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">mytheresa.com Service GmbH</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">100</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">120</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Mytheresa Group GmbH</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Receivables from group companies</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">6,296</td><td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">17,914</td><td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As part of the group restructuring
the Company paid several invoices and other operational expenses for Neiman Marcus Group group entities. The amounts receivable relates
to interest free advances, service recharges which are receivable at request and VAT receivables due to the VAT tax structure, where
the MYT Netherlands Parent B.V. acts as parent, with approx. &euro;17.0 million relating to receivables in respect to VAT.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>B.3.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other
Current Assets</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The other current assets
of &euro;1,887 thousand (2021: &euro;1,676 thousand) consist of current prepaid expenses of &euro;1,752 thousand (2021: &euro;1,676 thousand)
and current deposits of &euro;113 thousand (2021: &euro;0 thousand).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>B.3.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash
and cash equivalents</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The current accounts with HVB and Commerzbank
are at free disposal.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>B.3.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholders'
equity</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><b>Statement of changes in equity</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="font: 7pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <tr style="font-size: 7pt; vertical-align: bottom">
    <td style="white-space: nowrap; text-align: left; font-size: 7pt"><font style="font-size: 10pt"><b>Shareholders' equity (in &euro;
    thousand)</b></font></td><td style="white-space: nowrap; font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><font style="font-size: 10pt"><b>&nbsp;</b></font></td>
    <td colspan="2" style="white-space: nowrap; border-bottom: Black 1pt solid; font: bold 7pt Times New Roman, Times, Serif; text-align: center"><font style="font-size: 10pt"><b>Share
    <br>
    capital</b></font></td><td style="white-space: nowrap; font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><font style="font-size: 10pt"><b>&nbsp;</b></font></td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: center; font-size: 7pt"><font style="font-size: 10pt"><b>&nbsp;</b></font></td>
    <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center; font-size: 7pt"><font style="font-size: 10pt"><b>Share<br>
    premium</b></font></td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: center; font-size: 7pt"><font style="font-size: 10pt"><b>&nbsp;</b></font></td><td style="white-space: nowrap; font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><font style="font-size: 10pt"><b>&nbsp;</b></font></td>
    <td style="border-bottom: Black 1pt solid; font: bold 7pt Times New Roman, Times, Serif; white-space: nowrap; text-align: center"><font style="font-size: 10pt"><b>Translation<br>
    reserve</b></font></td><td style="white-space: nowrap; font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><font style="font-size: 10pt"><b>&nbsp;</b></font></td><td style="white-space: nowrap; font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><font style="font-size: 10pt"><b>&nbsp;</b></font></td>
    <td style="border-bottom: Black 1pt solid; font: bold 7pt Times New Roman, Times, Serif; white-space: nowrap; text-align: center"><font style="font-size: 10pt"><b>Accumulated<br>
    Losses</b></font></td><td style="white-space: nowrap; font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><font style="font-size: 10pt"><b>&nbsp;</b></font></td><td style="white-space: nowrap; font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><font style="font-size: 10pt"><b>&nbsp;</b></font></td>
    <td style="border-bottom: Black 1pt solid; font: bold 7pt Times New Roman, Times, Serif; white-space: nowrap; text-align: center"><font style="font-size: 10pt"><b>Unappropriated<br>
    result</b></font></td><td style="white-space: nowrap; font: bold 7pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><font style="font-size: 10pt"><b>&nbsp;</b></font></td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: center; font-size: 7pt"><font style="font-size: 10pt"><b>&nbsp;</b></font></td>
    <td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center; font-size: 7pt"><font style="font-size: 10pt"><b>Total</b></font></td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: center; font-size: 7pt"><font style="font-size: 10pt"><b>&nbsp;</b></font></td></tr>
  <tr style="font-size: 7pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 7pt Times New Roman, Times, Serif; width: 27%"><font style="font-size: 10pt">Balance as of June&nbsp;30, 2020</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; width: 1%"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; width: 1%; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; width: 10%; text-align: right"><font style="font-size: 10pt">1</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; width: 1%; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; width: 1%"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; width: 10%; text-align: right"><font style="font-size: 10pt">90,791</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; width: 1%; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; width: 1%"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; width: 10%; text-align: right"><font style="font-size: 10pt">1,602</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; width: 1%; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; width: 1%"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; width: 10%; text-align: right"><font style="font-size: 10pt">(34,367)</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; width: 1%; text-align: left"></td><td style="font: bold 7pt Times New Roman, Times, Serif; width: 1%"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; width: 10%; text-align: right"><font style="font-size: 10pt">6,350</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; width: 1%; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; width: 1%"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; width: 10%; text-align: right"><font style="font-size: 10pt">64,377</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; width: 1%; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td></tr>
  <tr style="font-size: 7pt; vertical-align: bottom; background-color: White">
    <td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">Appropriation of result</font></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">6,350</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">(6,350)</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td></tr>
  <tr style="font-size: 7pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">Currency translation effects</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td></tr>
  <tr style="font-size: 7pt; vertical-align: bottom; background-color: White">
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">Capital increase - initial public
    offering</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">283,224</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">283,224</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td></tr>
  <tr style="font-size: 7pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">IPO related transaction costs</font></td><td style="font-size: 7pt"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font-size: 7pt; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font-size: 7pt; text-align: right"><font style="font-size: 10pt">&nbsp;</font></td><td style="font-size: 7pt; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">(4,550)</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">(4,550)</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"></td></tr>
  <tr style="font-size: 7pt; vertical-align: bottom; background-color: White">
    <td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">Share based compensation</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">74,843</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">74,843</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td></tr>
  <tr style="font-size: 7pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">Result for the year</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">(32,604)</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt"></font></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">(32,604)</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"></td></tr>
  <tr style="font-size: 7pt; vertical-align: bottom; background-color: White">
    <td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">Balance as of June&nbsp;30, 2021</font></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">1</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">444,308</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">1,602</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">(28,017)</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt"></font></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">(32,604)</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">385,290</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td></tr>
  <tr style="font-size: 7pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">Appropriation of result</font></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">(32,604)</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt"></font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">32,604</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td></tr>
  <tr style="font-size: 7pt; vertical-align: bottom; background-color: White">
    <td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">Share based compensation</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">52,303</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">52,303</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td></tr>
  <tr style="font-size: 7pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">Tax on IPO related transaction
    costs</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">1,249</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">1,249</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td></tr>
  <tr style="font-size: 7pt; vertical-align: bottom; background-color: White">
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">Issued capital, options exercised</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">369</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font-size: 7pt"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font-size: 7pt; text-align: right"><font style="font-size: 10pt">&nbsp;</font></td><td style="font-size: 7pt; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">369</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td></tr>
  <tr style="font-size: 7pt; vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">Result for the year</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">-</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">(7,898)</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">(7,898)</font></td><td style="font: 7pt Times New Roman, Times, Serif; text-align: left"></td></tr>
  <tr style="font-size: 7pt; vertical-align: bottom; background-color: White">
    <td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">Balance as of June&nbsp;30, 2022</font></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">1</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">498,229</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">1,602</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">(60,621)</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">(7,898)</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"></td><td style="font: bold 7pt Times New Roman, Times, Serif"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="font: bold 7pt Times New Roman, Times, Serif; text-align: right"><font style="font-size: 10pt">431,313</font></td><td style="font: bold 7pt Times New Roman, Times, Serif; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Share capital</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of the incorporation date,
which is the date of the initial issue of shares, the subscribed capital of the Company amounts to USD 1,000, divided into 1,000 ordinary
shares of USD 1 each. Paid up are 1,000 shares.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Following the Prior Restructuring
Transactions and the Legal Reorganization in August&nbsp;2019, subscribed capital reduced to &euro;1 thousand, representing 1,000 shares
outstanding with a nominal value per share of &euro;1.00 issued by MYT Netherlands Parent B.V. The subscribed capital is fully paid,
and repayment of subscribed capital is restricted.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">After the initial public
offering the company&rsquo;s issued share capital consists of &euro;1 thousand divided into 84,683,618 ordinary shares with a nominal
value of EUR 0.000015 (see Note A.5.20 on the Consolidated Financial Statements for further details).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Share premium</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font-size: 10pt">On
January&nbsp;12, 2021, the Company effected a 70,190.687 (with a nominal value per share of &euro;0.000015) for one share split of its
ordinary shares outstanding. Accordingly, all share and per share amounts for all periods presented in these consolidated financial statements
and notes thereto have been adjusted </font>retroactively, where applicable, to reflect this share split.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On January&nbsp;21, 2021,
the Company completed its initial public offering (&ldquo;<b>IPO</b>&rdquo;) of 17,994,117 American Depositary Shares (&ldquo;ADSs&rdquo;),
representing an equal number of 17,994,117 ordinary shares, including the full exercise by the underwriters of their option to purchase
2,347,058 additional ADSs, representing 2,347,058 ordinary shares, at a public offering price of $26.00 per ADS.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company issued 14,233,823
ADSs in its IPO and received proceeds, net of underwriting discounts and before related expenses of $344.2 million.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Its sole shareholder sold
3,760,294 ADSs in the offering, including 586,764 ADSs sold by the Company and 1,760,294 ADSs sold by the sole shareholder pursuant to
the exercise in full of the underwriters&rsquo; option to purchase additional ADSs.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Total transaction costs of
 &euro;16,740 thousand relating to the initial public offering were incurred, of which &euro;12,190 thousand have been expensed and are
included in the selling, general and administrative expenses within the condensed consolidated statement of operations and are part of
operating cash flows in the statement of cash flow. Transaction costs of &euro;4,550 thousand have been directly deducted from the capital
reserve, after recognizing &euro;1,249 thousand taxes connected to the transaction costs.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="6" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">As of June&nbsp;30,</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif">(ADSs, representing an equal number of
    ordinary shares)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2022</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 66%">Basic shares (post-split)</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right">70,190,687</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right">70,190,687</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif">IPO shares (post-split)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">14,233,823</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">14,233,823</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Supervisory Board Award (Restricted Shares)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">15,384</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">45,657</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Long-Term Incentive Plan (Restricted Share Units)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">20,720</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Sign-On Award (Restricted Share Units)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">6,269</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Restoration Award (Phantom Shares) - Converted</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">51,920</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">115,376</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Alignment Award (Options) - Exercised</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">71,086</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; padding-left: 0.125in; padding-bottom: 2.5pt">Number of ordinary shares</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">84,491,814</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">84,683,618</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Legal reserves</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i>Foreign currency translation
reserve</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Exchange gains and losses
arising from the translation of the functional currency of the Company to the presentation currency are accounted for in this legal reserve.
In the case of the sale of a participating interest, the associated accumulated translation differences are transferred to the profit
and loss account and presented therein as part of the result on the sale.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i>Legal reserve for participating
interests</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">All of the equity in components
is freely distributable to the Company. Therefore, no legal reserve for participating interests is accounted for.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Proposal for appropriation of the net result</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At the General Meeting, the
following appropriation of the result will be proposed: addition of the net loss of <font style="background-color: white">&euro;7,898
thousand</font> to the accumulated deficit.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Dividend</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company does not anticipate
paying a dividend on the ordinary shares in the foreseeable future. The Company currently intends to retain all available funds and any
future earnings to support operations and to finance the growth and development of the business.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>B.3.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debts
to group companies and participants</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
  <tr style="vertical-align: bottom">
    <td style="text-align: center; font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">June&nbsp;30,
    2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">June&nbsp;30,
    2022</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="text-align: center; font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 66%; text-align: left">MYT Intermediate Holding Co.</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right">1</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right">1</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">MYT Ultimate Parent LLC</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">838</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">838</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Debts to participants</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">839</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">839</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Theresa Warenvertrieb GmbH</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">290</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">mytheresa.com GmbH</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">3,454</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">14,312</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">mytheresa.com Service GmbH</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">174</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,008</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Mytheresa Group GmbH</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,228</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,228</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Mytheresa International Service GmbH</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,671</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Mytheresa SE</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,822</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,566</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Debts to group companies</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">6,967</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">19,784</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">All
amounts due to affiliated entities relates to interest free advances and </font>VAT liabilities due to the VAT tax structure, where the
MYT Netherlands Parent B.V. acts as parent.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>B.3.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade
and other payables</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
  <tr style="vertical-align: bottom">
    <td style="text-align: center; font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">June&nbsp;30,
    2021</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">June&nbsp;30,
    2022</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="text-align: center; font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">(in &euro; thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 66%; text-align: left">Tax advisor fees</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right">14</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Administration fees</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">219</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">42</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Other taxes</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Audit fees</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">30</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">263</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">42</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>B.3.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax
liabilities</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
  <tr style="vertical-align: bottom; background-color: White">
    <td style="padding-bottom: 1pt; text-align: center; font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>June&nbsp;30,
                                            2021</b></font></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>June&nbsp;30,
                                            2022</b></font></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: center; font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(in
                                            &euro; thousands)</b></font></td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(in
                                            &euro; thousands)</b></font></td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 66%; text-align: left">Corporate income tax payable</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">During fiscal 2020, MYT Netherlands
Parent B.V.&rsquo;s tax rate was 19% for the first &euro;200 thousand of taxable income and 25% for the any amounts exceeding &euro;200
thousand. As of fiscal 2021 the taxable residence of the MYT Netherlands Parent B.V. was moved to Aschheim, Germany. The German statutory
tax rates have been applied for fiscal 2021 and 2022.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">MYT Netherlands Parent B.V.
has for the fiscal 2021 and 2022 no taxable income and therefore no tax liabilities recorded. Management expects utilization of the tax
loss carryforwards within a forecasting period of five years to be sufficiently probable as the entity will enter the German income tax
group in fiscal year 2023 and can utilize its losses against the taxable income of the income tax group.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>B.3.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other
current liabilities</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The other current liabitlies
of &euro;6,437 thousand (2021: &euro;2,106 thousand) mostly consist of &euro;481 thousand (2021: &euro;397 thousand) accrued audit expenses,
 &euro;239 thousnd (2021: &euro;1,542 thousand) accrued liabilities from payroll, social security and other wage taxes, &euro;1,303 thousand
(2021: &euro;0 thousand) accrued bonus compensation expenses, &euro;3,898 thousand (2021: &euro;121 thousand) VAT payables, &euro;372
thousand (2021: &euro;224 thousand) of accrued vacation expenses and &euro;143 thousand (2021: &euro;64 thousand) other liabitlies.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>B.3.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial
Risk Management Objectives and Policies</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>B.3.13.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial
instruments</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>General</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Group has exposure to the following risks from its use of financial
instruments:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">Credit risk.&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">Liquidity risk.&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">Market risk.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In the notes to the consolidated
financial statements information is included about the Group&rsquo;s exposure to each of the above risks, the Group&rsquo;s objectives,
policies and processes for measuring and managing risk, and the Group&rsquo;s management of capital.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">These risks, objectives,
policies and processes for measuring and managing risk, and the management of capital apply also to the separate financial statements
of MYT Netherlands Parent B.V.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Further quantitative disclosures
are included below:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Fair value</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The fair values of most of
the financial instruments recognized on the statement of financial position, including accounts receivable, cash at bank and in hand
and current liabilities, is approximately equal to their carrying amounts.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial instruments include
receivables, cash items, debt and payables.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The risks the Company runs
in relation to financial instruments are exposed to currency risk, market risk, credit risk and liquidity risk.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company is exposed to
currency risk on the operations that are denominated in a currency other than the respective functional currency (USD) of the Company,
primarily the Euro.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>B.3.14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee
benefits and number of employees</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 70%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(in &euro; thousands)</td><td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June&nbsp;30, 2021</td><td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June&nbsp;30, 2022</td>
    <td style="white-space: nowrap">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: bold 10pt Times New Roman, Times, Serif">Assets</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="width: 77%; font: 10pt Times New Roman, Times, Serif; text-align: left">Wages and salaries</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(68.260)</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(52.205)</td>
    <td style="width: 1%">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Social security contributions</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(126)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(1.035)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Pension charges</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(0)</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(35)</td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Ohter personnel expenses</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(5)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(59)</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Wages and salaries, social security and pension charges</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(68.391)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(53.334)</td>
    <td style="padding-bottom: 1pt">&nbsp;</td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Within the wages and salaries
 &euro;41,388 thousand (2021: &euro;62,848 thousand) are related to Share-based Compensation expenses which are connected to the initial
public offering.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company did <font style="background-color: white">have
117</font> employees in the financial year 2022 of which 5 of them are from Management (2021: 12 employees of which 5 of them are from
Management) and the total number of employees by the Mytheresa Group as of June&nbsp;30, 2022 was 1,238 (2021: 1,015). For the amounts
incurred on a group level, please refer to Note A.5.27.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>B.3.15&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Share
in results from participating interests after tax</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">An amount <font style="background-color: white">of &euro;33,426 thousand
</font>(2021: &euro;43,452 thousand) of share in results from participating interests relates to group companies.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>B.3.16&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Auditor&rsquo;s
fees</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following fees were charged by KPMG Accountants
N.V. to the company, its subsidiaries and other consolidated companies, as referred to in Section&nbsp;2:382a (1)&nbsp;and (2)&nbsp;of
the Dutch Civil Code.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
  <tr style="vertical-align: bottom">
    <td style="white-space: nowrap; text-align: center; font-size: 10pt">&nbsp;</td><td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center">KPMG <br>
Accountants <br>
N.V.</td><td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td><td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Other
                                            KPMG</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Members&nbsp;</b></p></td><td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td><td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Total</td><td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="padding-bottom: 1pt; text-align: center; font-size: 10pt">&nbsp;</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2022</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2022</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2022</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="text-align: center; font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&euro; thousands</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&euro; thousands</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&euro; thousands</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 61%; text-align: left">Audit of the financial statements</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">131</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">798</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">929</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Other audit engagements</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Tax-related advisory services</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Other non-audit services</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">131</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">798</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">929</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
  <tr style="vertical-align: bottom">
    <td style="white-space: nowrap; text-align: center; font-size: 10pt">&nbsp;</td><td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center">KPMG<br>
 Accountants<br>
 N.V.</td><td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td><td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Other
                                            KPMG</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Members&nbsp;</b></p></td><td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td><td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td colspan="2" style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Total</td><td style="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="padding-bottom: 1pt; text-align: center; font-size: 10pt">&nbsp;</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2021</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2021</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2021</td><td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="text-align: center; font-size: 10pt">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&euro; thousands</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&euro; thousands</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td>
    <td colspan="2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&euro; thousands</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 61%; text-align: left">Audit of the financial statements</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">121</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">2,017</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">2,138</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Other audit engagements</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Tax-related advisory services</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Other non-audit services</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">121</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">2,017</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">2,138</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif"><b>B.3.17&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b></font><b>Other
income and expenses, after taxation</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Losses attributable to the
Company amounted to &euro;41,324 thousand during financial year 2022 and &euro;76,056 thousand during financial year 2021, which mainly
consist of General and administrative expenses for &euro;61,066 thousand for financial year 2022 (2021: &euro;78,674 thousand).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Further information on expenses
and income from General and administrative expenses can be found in Note A.5.9 in the consolidated financial statement.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>B.3.18&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Remuneration
of managing and supervisory directors</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The emoluments, including
pension costs as referred to in Section&nbsp;2:383(1)&nbsp;of the Dutch Civil Code, charged in the financial year to the company, its
subsidiaries and consolidated other companies amounted to &euro;4,035 thousand (2021: &euro;6,421 thousand) for managing directors and
former managing directors, and &euro;1,162 thousand (2021: &euro;160 thousand) for supervisory directors and former supervisory directors.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The remuneration also includes
employee options granted and equity awards (reference is made to note A.5.27) to current and former managing directors amounting to &euro;38,723
thousand (2021: &euro;61,578 thousand), and to current and former supervisory board members amounting to &euro;524 thousand (2020: &euro;186
thousand).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">No loans, advances and guarantees
were granted by the Company&rsquo;s to members of the management board or supervisory board.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">An option program was set
up for members of the Managment Board and Supervisory Boards, which is disclosed in shareholders&rsquo; equity.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>B.3.19&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transactions
with related parties</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Transactions
with related parties include relationships between the Company&rsquo;s shareholder, the Company&rsquo;s subsidiaries, the Company&rsquo;s
group related entities and the Company&rsquo;s directors and key management personnel. During the period ended June&nbsp;30, 2022, the
Company's significant transactions were with its shareholder, group companies and its subsidiaries. These transactions include </font>amounts
related to interest free advances, service recharges and VAT receivables and liabilities due to the VAT tax structure, where the MYT
Netherlands Parent B.V. acts as parent.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>B.3.20&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Contingencies
and commitments</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of June&nbsp;30, 2022,
the Company had no contingencies and commitments.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>B.3.21&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subsequent
events and other information</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i>Subsequent events</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company evaluated subsequent
events for recognition or disclosure through September&nbsp;16, 2022, the date the financial statements were prepared and available to
be issued and has concluded that there are no subsequent events requiring disclosure in the financial statements.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Beginning with fiscal year
2023, the Mytheresa Group executed a new long-term incentive compensation (&ldquo;LTI&rdquo;) program for members of the top management
under the MYT Netherlands Omnibus Incentive Compensation Plan. The LTI for fiscal year 2023 is a three-year, long-term incentive program
as combination of awarded performance share units and awarded restricted stock units. The performance share units are based on the company&rsquo;s
performance over the three-year period and vest after three years. The restricted stock units vest annually during the three-year period.
The estimated expense for fiscal year 2023 will be approximately &euro;2.1 million.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Munich, September&nbsp;16, 2022</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>The Management Board,</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" border="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt">
<tr style="vertical-align: top">
  <td style="text-align: justify; width: 40%"><b>M. Kliger</b></td>
  <td style="text-align: justify; width: 60%"><b>M. Beer</b></td></tr>

<tr style="vertical-align: top">
  <td style="text-align: justify">&nbsp;</td>
  <td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
  <td style="text-align: justify">CEO</td>
  <td style="text-align: justify">CFO</td></tr>

<tr style="vertical-align: top">
  <td style="text-align: justify">&nbsp;</td>
  <td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
  <td style="text-align: justify">[appointed on September&nbsp;21, 2020]</td>
  <td style="text-align: justify">[appointed on September&nbsp;21, 2020]</td></tr>

<tr style="vertical-align: top">
  <td style="text-align: justify">&nbsp;</td>
  <td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
  <td style="text-align: justify"><b>S. Dietzmann</b></td>
  <td style="text-align: justify"><b>I. May</b></td></tr>

<tr style="vertical-align: top">
  <td style="text-align: justify">&nbsp;</td>
  <td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
  <td style="text-align: justify">COO</td>
  <td style="text-align: justify">CCEO</td></tr>

<tr style="vertical-align: top">
  <td style="text-align: justify">&nbsp;</td>
  <td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
  <td style="text-align: justify">[appointed on January&nbsp;8, 2021]</td>
  <td style="text-align: justify">[appointed on January&nbsp;8, 2021]</td></tr>
</table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>G. Locke</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">CGO</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">[appointed on January&nbsp;8, 2021]</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Supervisory Board,</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" border="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt">
<tr style="vertical-align: top">
  <td style="text-align: justify; width: 33%"><b>D.T. Gies</b></td>
  <td style="text-align: justify; width: 34%"><b>M.D. Kaplan</b></td>
  <td style="text-align: justify; width: 33%"><b>C. Ruggiero</b></td></tr>

<tr style="vertical-align: top">
  <td style="text-align: justify">&nbsp;</td>
  <td style="text-align: justify">&nbsp;</td>
  <td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
  <td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">[appointed on September&nbsp;17,
  2020]</font></td>
  <td style="text-align: justify">[appointed on January&nbsp;7, 2021]</td>
  <td style="text-align: justify"><font style="font-size: 10pt">[appointed on September&nbsp;17, 2020]</font></td></tr>

<tr style="vertical-align: top">
  <td style="text-align: justify">&nbsp;</td>
  <td style="text-align: justify">&nbsp;</td>
  <td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
  <td style="text-align: justify"><b>M. Lao</b></td>
  <td style="text-align: justify"><b>S. G. Saidemann</b></td>
  <td style="text-align: justify"><b>M. Tod</b></td></tr>

<tr style="vertical-align: top">
  <td style="text-align: justify">&nbsp;</td>
  <td style="text-align: justify">&nbsp;</td>
  <td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
  <td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">[appointed on November&nbsp;19,
  2020]</font></td>
  <td style="text-align: justify">[appointed on November&nbsp;19, 2020]</td>
  <td style="text-align: justify"><font style="font-size: 10pt">[appointed on January&nbsp;7, 2021]</font></td>
    </tr>

<tr style="vertical-align: top">
  <td style="text-align: justify">&nbsp;</td>
  <td style="text-align: justify">&nbsp;</td>
  <td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
  <td style="text-align: justify"><b>S. Zahnd</b></td>
  <td style="text-align: justify"><b>N. Aufreiter</b></td>
    <td>&nbsp;</td></tr>

<tr style="vertical-align: top">
  <td style="text-align: justify">&nbsp;</td>
  <td style="text-align: justify">&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
  <td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">[appointed on December&nbsp;12,
  2020]</font></td>
  <td style="text-align: justify">[appointed on June&nbsp;30, 2021]</td>
    <td>&nbsp;</td></tr>
</table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Other Information</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>11. Other information</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>11.1. Profit appropriation</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">Under article&nbsp;32.1 of the Company&rsquo;s
Articles of Association, the company may make distributions to the extent that the company&rsquo;s equity exceed the reserves that the
company must maintain pursuant to the law or the Articles of Association.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">Under article 32.2 of the Company&rsquo;s Articles
of Association the board of managing directors may resolve to make distributions, provided that the approval of the supervisory board
has been obtained.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">Under article 32.3 of the Company&rsquo;s Articles
of Association, pursuant to and in accordance with a proposal thereto by the board of managing directors, which proposal has been approved
by the supervisory board, the general meeting may also resolve to make distributions.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>12. Independent auditor&rsquo;s report</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The report of the independent auditor is included on the next pages.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><img src="tm2225775d2_ex99-1img005.jpg" alt="">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Independent auditor's report</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">To: the General Meeting of Shareholders and the Supervisory Board of
MYT Netherlands Parent B.V.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Report on the audit of the financial statements
for the year ended June&nbsp;30, 2022 included in the annual report</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Our opinion</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In our opinion:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><font style="font-size: 10pt">&mdash;</font></td><td style="text-align: left">the accompanying consolidated financial statements give a true
and fair view of the financial position of MYT Netherlands Parent B.V. as of June&nbsp;30, 2022 and of its result and its cash flows
for the year then ended, in accordance with International Financial Reporting Standards as adopted by the European Union (EU-IFRS) and
with Part&nbsp;9 of Book 2 of the Dutch Civil Code.</td>
</tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><font style="font-size: 10pt">&mdash;</font></td><td style="text-align: left">the accompanying separate financial statements give a true and
fair view of the financial position of MYT Netherlands Parent B.V. as of June&nbsp;30, 2022 and of its result for the year then ended
in accordance with Part&nbsp;9 of Book 2 of the Dutch Civil Code.</td>
</tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>What we have audited</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We have audited the financial statements for the year ended June&nbsp;30,
2022 of MYT Netherlands Parent B.V. (the Company) based in Amsterdam. The financial statements include the consolidated financial statements
and the separate financial statements.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The consolidated financial statements comprise:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0pt"></td><td style="width: 17.2pt">1</td><td style="text-align: justify">the consolidated statement of financial position as of June&nbsp;30, 2022;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0pt"></td><td style="width: 17.2pt">2</td><td style="text-align: justify">the following consolidated statements for the year ended June&nbsp;30, 2022: profit and loss and comprehensive
income, changes in equity and cash flows; and</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0pt"></td><td style="width: 17.2pt">3</td><td style="text-align: justify">the notes comprising a summary of the significant accounting policies and other explanatory information.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The separate financial statements comprise:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0pt"></td><td style="width: 17.2pt">1</td><td style="text-align: justify">the separate statement of financial position as of June&nbsp;30, 2022;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0pt"></td><td style="width: 17.2pt">2</td><td style="text-align: justify">the separate statement of profit and loss for the year ended June&nbsp;30, 2022; and</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0pt"></td><td style="width: 17.2pt">3</td><td style="text-align: justify">the notes comprising a summary of the accounting policies and other explanatory information.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">KPMG Accountants N.V., a Dutch limited liability company registered
with the trade register in the Netherlands under number 33263683, is a member firm of the global organization of independent member firms
affiliated with KPMG International Limited, a private English company limited by guarantee.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><img src="tm2225775d2_ex99-1img005.jpg" alt="">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Basis for our opinion</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We conducted our audit in accordance with Dutch law, including the
Dutch Standards on Auditing. Our responsibilities under those standards are further described in the &lsquo;Our responsibilities for the
audit of the financial statements&rsquo; section of our report.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We are independent of MYT Netherlands Parent B.V. in accordance with
the &lsquo;Verordening inzake de onafhankelijkheid van accountants bij assurance-opdrachten&rsquo; (ViO, Code of Ethics for Professional
Accountants, a regulation with respect to independence) and other relevant independence regulations in the Netherlands. Furthermore, we
have complied with the &lsquo;Verordening gedrags- en beroepsregels accountants&rsquo; (VGBA, Dutch Code of Ethics).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our audit procedures were determined in the context of our audit of
the financial statements as a whole. Our observations in respect of going concern, fraud and non-compliance with laws and regulations,
and the key audit matters should be viewed in that context and not as separate opinions or conclusions.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We believe the audit evidence we have obtained is sufficient and appropriate
to provide a basis for our opinion.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Audit approach</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Summary</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Materiality</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&mdash; Materiality of EUR 4,6 million</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&mdash; 0.66% of net sales</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Group audit</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Our group scoping resulted in a coverage of:</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&mdash; 100% of total assets</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&mdash; 100% of net sales</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Going concern and Fraud/Noclar</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&mdash; Going concern: no significant going concern
risks identified</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in">&mdash; Fraud&nbsp;&amp;
Non-compliance with laws and regulations (Noclar): the presumed fraud risks related to management override of controls and revenue recognition</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Key audit matters</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&mdash; Correct cut-off of revenue recognition</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><img src="tm2225775d2_ex99-1img005.jpg" alt="">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Opinion</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Unqualified</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Materiality</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Based on our professional judgement we determined the materiality
for the financial statements as a whole at EUR 4,6 million (2021: EUR 4 million ). The materiality is determined with reference to net
sales. We consider net sales as the most appropriate benchmark because the nature of the the Company&rsquo;s business. It represents
the strategic focus of the Company, based on our analysis of the financial statements metrics the most relevant to the users of the financial
statements and therefore the metric that has the most influence on their economic decision making. We have also taken into account misstatements
and/or possible misstatements that in our opinion are material for the users of the financial statements for qualitative reasons.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">We agreed with the Supervisory Board that misstatements
identified during our audit in excess of EUR 210,000 would be reported to them, as well as smaller misstatements that in our view must
be reported on qualitative grounds<b><i>.</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Scope of the group audit</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">MYT Netherlands Parent B.V. is at the head of a group of
components. The financial information of this group is included in the financial statements of MYT Netherlands Parent B.V.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our group
audit mainly focused on significant components that are (i)&nbsp;of individual financial significance to the group, or
(ii)&nbsp;that, due to their specific nature or circumstances, are likely to include significant risks of material misstatement of
the group financial statements. We have considered in this respect MYT Netherlands Parent B.V.&rsquo;s legal and operational
structure. KPMG Germany was engaged by us and received instructions to perform the majority of the audit procedures for the group
audit and the audit of the German locations of which Mytheresa.com GmbH is the most significant component. KPMG Germany performed an
audit on the complete consolidated financial information for the year ended June&nbsp;30, 2022 (with a materiality of EUR 3.5
million) and the year ended June&nbsp;30, 2021 (with a materiality of EUR 2.6 million) of Mytheresa Group GmbH.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We made use of the work of KPMG Germany for the audit of
Mytheresa Group GmbH and MYT Netherlands Parent B.V. performed in Germany. The audit coverage is 100% of total group assets and 100%
of group net sales.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our involvement included preparing and sending instructions to KPMG
in Germany describing the scope of the audit procedures to be performed, our risk assessment, materiality to be applied and reporting
requirements, participating in discussions, virtual and on site meetings to discuss the results of audit procedures at component level
covering the significant audit areas, including the relevant risks of material misstatement, and set out the information required to
be reported back to the group audit team. We have requested KPMG in Germany also to provide us with remote access to audit workpapers
to perform these evaluations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><img src="tm2225775d2_ex99-1img005.jpg" alt="">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">During these meetings and email conversations,
the audit approach, findings and observations reported to the group audit team were discussed in more detail. Furthermore we performed
an on-site review of the audit files of KPMG Germany.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For the residual population not in scope we performed analytical procedures
in order to corroborate that our scoping remained appropriate throughout the audit.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">By performing the procedures mentioned above at group components,
together with additional procedures at group level, we have been able to obtain sufficient and appropriate audit evidence about the group&rsquo;s
financial information to provide an opinion about the financial statements.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Audit response to going concern &ndash; no significant
going concern risks identified</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The management board has performed its going concern assessment and
has not identified any significant going concern risks. To assess the management board&rsquo;s assessment, we have performed, inter alia,
the following procedures:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><font style="font-size: 10pt">&mdash;</font></td><td style="text-align: left">we considered whether the management board&rsquo;s assessment
of the going concern risks includes all relevant information of which we are aware as a result of our audit;</td>
</tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><font style="font-size: 10pt">&mdash;</font></td><td style="text-align: left">we analyzed the Company&rsquo;s financial position as at year-end
and compared it to the previous financial year in terms of indicators that could identify significant going concern risks;</td>
</tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><font style="font-size: 10pt">&mdash;</font></td><td style="text-align: left">we evaluated the operating results forecast and the related
cash flows compared to the previous financial year;</td>
</tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The outcome of our risk assessment procedures did not give reason
to perform additional audit procedures on management&rsquo;s going concern assessment.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Audit response to the risk of fraud and non-compliance
with laws and regulations</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In chapter 4.2.2 of the management board report, the management board
describes its procedures in respect of the risk of fraud and non-compliance with laws and regulations and the supervisory board reflects
on this.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As part of our audit, we have gained insights into the Company and
its business environment, and assessed the design and implementation of the Company&rsquo;s risk management process in relation to fraud
and non-compliance. Our procedures included, among other things, assessing the Company&rsquo;s code of conduct, whistleblowing procedures,
incidents register and its procedures to investigate indications of possible fraud and non-compliance. Furthermore, we performed relevant
inquiries with management and those charged with governance.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, we performed procedures to obtain
an understanding of the legal and regulatory frameworks that are applicable to the Company and did not identify areas that likely have
a material effect on the financial statements.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We evaluated the fraud and non-compliance risk factors to consider
whether those factors by themselves would cause the existence of a reasonable possibility of a risk of material misstatement in the financial
statements.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><img src="tm2225775d2_ex99-1img005.jpg" alt="">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Based on the above and on the auditing standards, we identified the
following fraud risks that are relevant to our audit, including the relevant presumed risks laid down in the auditing standards, and
responded as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 10pt">&mdash; </font><b>Management override
of controls (a presumed risk)</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Risk:</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Management is in a unique position to manipulate
accounting records and prepare fraudulent financial statements by overriding controls that otherwise appear to be operating effectively
such as: accounting records around the estimate related to the IFRS 15 revenue recognition at year end.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Responses:</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">-</td><td style="text-align: left">We evaluated the design and the implementation
                                            of internal controls that mitigate fraud and non-compliance risks, such as processes related
                                            to journal entries and estimates.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">-</td><td style="text-align: left">We performed a data analysis of journal entries to determine any potential
                                            high-risk criteria and performed procedures for any identified risk. Where we identified
                                            instances of unexpected journal entries or other risks through our data analytics, we performed
                                            additional audit procedures to address each identified risk, including testing of transactions
                                            back to source information.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">-</td><td style="text-align: left">We incorporated elements of unpredictability
                                            in our audit, including:</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"></td><td style="width: 0.25in"><font style="font-size: 10pt">o</font></td><td style="text-align: left">selecting random items with lower
                                            thresholds and outside customary selection parameters when performing voucher testing of
                                            the refund liability (sales returns) and contract liabilities (vouchers) at year-end;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.75in"></td><td style="width: 0.25in"><font style="font-size: 10pt">o</font></td><td style="text-align: justify">decreasing
                                            our materiality threshold when performing the search for unrecorded liability procedure;</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 10pt">&mdash; </font><b>Revenue
recognition (a presumed risk)</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Risk:</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As described in note A.5.5.1c to the financial statements, net sales
are recognized at the amount of the consideration to which the Company expects to be entitled at the point in time at which it transfers
control of the good to the customer. The determination of whether the control of the goods transferred to the customer requires judgement
taken into account the terms and conditions for returns.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">A fraud risk is identified in relation to the manual adjustments processed
at year end (cut off) related to the revenue recognition due to the opportunity for management to fraudulently manipulate both the estimates
of good effectively delivered and thus leading to revenue recognition at year end and the estimated judgements on the assessment with
regards to the expected sales returns, since this is calculated by management based on historical data.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><img src="tm2225775d2_ex99-1img005.jpg" alt="">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Responses:</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We refer below to the key audit matter &ldquo;Correct cut-off of revenue
recognition&rdquo;.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our procedures to address the identified risks of fraud did result
in a key audit matter. We refer to the key audit matter related to &ldquo;Correct cut-off of revenue recognition&rdquo;.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We communicated our risk assessment, audit responses and results to
management and to the Supervisory Board.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our audit procedures did not reveal indications and/or reasonable
suspicion of fraud and non-compliance that are considered material for our audit.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Our key audit matters</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Key audit matters are those matters that, in our professional judgement,
were of most significance in our audit of the financial statements. We have communicated the key audit matters to the Supervisory Board.
The key audit matters are not a comprehensive reflection of all matters discussed.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Correct cut-off of revenue recognition</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Description</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As described in note A.5.5.1c to the financial statements, net sales
are recognized at the amount of the consideration to which the Company expects to be entitled at the point in time at which it transfers
control of the good to the customer. The determination of whether the control of the goods transferred to the customer requires judgement
taken into account the terms and conditions for returns. A fraud risk is identified in relation to the manual adjustments processed at
year end (cut off) related to the revenue recognition due to the opportunity for management to fraudulently manipulate both the estimates
of good effectively delivered and thus leading to revenue recognition at year end and the estimated judgements on the assessment with
regards to the expected sales returns, since this is calculated by management based on historical data.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Since revenue recognition contains a presumed risk of fraud in respect
of cut-off at year-end, this was significant to our audit.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Our response</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">With involvement of KPMG in Germany, our audit procedures to verify
correct cut-off for net sales included, amongst others, assessment of the revenue recognition method for the online sales and CPM revenues
based on IFRS 15.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We evaluated the design and implementation of the controls set up
by the Management Board surrounding the correctness of transfer of control of the goods sold in respect of cut-off, including refund
liability (sales returns) and contract liability (vouchers) and noted that we need to apply a substantive audit approach in this respect.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Detailed audit procedures were performed, including testing on a sample
basis underlying evidence of net sales recognized close before year end, the refund liability (sales returns) and contract liability
(vouchers) recognized at year end. We incorporated elements of unpredictability by selecting random items with lower thresholds and outside
customary selection parameters when performing voucher testing of refund liability (sales returns) and contract liability (vouchers).
Both orders and other documentation (amongst others shipping documents, payment details, credit notes issued subsequent to year-end)
were assessed to determine whether sales transactions recognized close before year-end were recognized in the appropriate period.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><img src="tm2225775d2_ex99-1img005.jpg" alt="">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Furthermore we performed specific audit procedures related to high-risk
journal entries identified for online sales transactions, including a combination of inquiry, inspection and other audit procedures deemed
relevant.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Our observation</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Based on our procedures performed, we have obtained sufficient audit
evidence about correctness of the cut-off of net sales for the year ended June&nbsp;30, 2022. Consequently, we have no findings regarding
the cut off of revenue recognition.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Report on the other information included in the
annual report</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In addition to the financial statements and our auditor&rsquo;s report
thereon, the annual report contains other information.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Based on the following procedures performed, we conclude that the
other information:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 10pt">&mdash; </font>is
consistent with the financial statements and does not contain material misstatements; and</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in"><font style="font-size: 10pt">&mdash;
</font>contains the information as required by Part&nbsp;9 of Book 2 of the Dutch Civil Code for the management report and other information.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We have read the other information. Based on our knowledge and understanding
obtained through our audit of the financial statements or otherwise, we have considered whether the other information contains material
misstatements.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">By performing these procedures, we comply with the requirements of
Part&nbsp;9 of Book 2 of the Dutch Civil Code and the Dutch Standard 720. The scope of the procedures performed is less than the scope
of those performed in our audit of the financial statements.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Management Board is responsible for the preparation of the other
information, including the information as required by Part&nbsp;9 of Book 2 of the Dutch Civil Code.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Report on other legal and regulatory requirements</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Engagement</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We were engaged by the Supervisory Board as auditor of MYT Netherlands
Parents B.V. on April&nbsp;7, 2022 for the year ended June&nbsp;30, 2022. We have been appointed as of the audit for the year ended June&nbsp;30,
2020 and have operated as statutory auditor ever since that financial year.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Description of responsibilities regarding the financial
statements</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Responsibilities of the Management Board and
the Supervisory Board for the financial statements</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Management Board is responsible for the preparation and fair presentation
of the financial statements in accordance with EU-IFRS and Part&nbsp;9 of Book 2 of the Dutch Civil Code. Furthermore, the Management
Board is responsible for such internal control as management determines is necessary to enable the preparation of the financial statements
that are free from material misstatement, whether due to fraud or error.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><img src="tm2225775d2_ex99-1img005.jpg" alt="">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In that respect the Management Board , under supervision of the Supervisory
Board, is responsible for the prevention and detection of fraud and non-compliance with laws and regulations, including determining measures
to resolve the consequences of it and to prevent recurrence.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As part of the preparation of the financial statements, the Management
Board is responsible for assessing the Company&rsquo;s ability to continue as a going concern. Based on the financial reporting frameworks
mentioned, the Management Board should prepare the financial statements using the going concern basis of accounting unless the Management
Board either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. The Management Board
should disclose events and circumstances that may cast significant doubt on the company&rsquo;s ability to continue as a going concern
in the financial statements.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Supervisory Board is responsible for overseeing the Company&rsquo;s
financial reporting process.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Our responsibilities for the audit of the financial
statements</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our objective is to plan and perform the audit engagement in a manner
that allows us to obtain sufficient and appropriate audit evidence for our opinion.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our audit has been performed with a high, but not absolute, level
of assurance, which means we may not detect all material errors and fraud during our audit.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Misstatements can arise from fraud or error and are considered material
if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis
of these financial statements. The materiality affects the nature, timing and extent of our audit procedures and the evaluation of the
effect of identified misstatements on our opinion.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A further description of our responsibilities
for the audit of the financial statements is located at the website of de &lsquo;Koninklijke Nederlandse Beroepsorganisatie van Accountants&rsquo;
(NBA, Royal Netherlands Institute of Chartered Accountants) at <u>eng_beursgenoteerd_01.pdf (nba.nl).</u></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This description forms part of our auditor&rsquo;s report.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Amstelveen,
16 September&nbsp;2022</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">KPMG Accountants N.V.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">N.J. Hoes RA</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>tm2225775d2_ex99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<html>
<head>
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<body style="font: 10pt Times New Roman, Times, Serif">

<p style="margin: 0">&nbsp;</p>

<p style="text-align: right; margin: 0"><b>Exhibit 99.2</b></p>

<p style="margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>CONVENING NOTICE OF THE ANNUAL GENERAL MEETING
OF SHAREHOLDERS</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notice is hereby given to the shareholders
of MYT Netherlands Parent B.V. (<b>Company</b>) by the board of managing directors of the Company (the <b>Management Board</b>) that
the fully virtual annual general meeting of shareholders of the Company (the <b>AGM</b>) is convened at 18:00 CET on Thursday,
October&nbsp;27, 2022. The AGM shall be held in English.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The AGM is convened to discuss and decide on the following:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Agenda</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><b>1.</b></td><td><b>Opening</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><b>2.</b></td><td style="text-align: justify"><b>Dutch statutory annual report for the financial year ended 30 June&nbsp;2022 (<i>FY 2022</i>)</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><b>3.</b></td><td style="text-align: justify"><b>Explanation of the dividend policy</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><b>4.</b></td><td style="text-align: justify"><b>Proposal to adopt the Dutch statutory annual accounts for FY 2022*</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><b>5.</b></td><td style="text-align: justify"><b>Discharge</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">5.1</td><td style="text-align: justify">Proposal to grant discharge to the members of the Management Board in respect of their duties performed
during FY 2022*</td></tr>
<tr style="vertical-align: top">
<td style="text-align: justify">&nbsp;</td><td style="text-align: justify">&nbsp;</td><td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">5.2</td><td style="text-align: justify">Proposal to grant discharge to the members of the supervisory board of the Company (the Supervisory Board)
in respect of their duties performed during FY 2022*</td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0"></td><td style="text-align: justify; width: 0.5in"><b>6.</b></td><td style="text-align: justify"><b>Proposal to appoint KPMG Accountants N.V. as external auditor for the financial years up to and including 30 June&nbsp;2024*</b></td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0"></td><td style="text-align: justify; width: 0.5in"><b>7.</b></td><td style="text-align: justify"><b>Proposals to amend the Long-Term Incentives for certain members of the Supervisory Board</b></td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top; text-align: justify">
<td style="text-align: justify; width: 0.25in"></td><td style="width: 0.25in; text-align: justify"><font style="font-size: 10pt">7.1</font></td><td style="text-align: justify"><font style="font-size: 10pt">Proposal to </font>amend the
terms of the existing restricted share awards granted to certain members of the Supervisory Board to extend the vesting date to shortly
after each annual general meeting*</td>
</tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in"><font style="font-size: 10pt">7.2</font></td><td style="text-align: justify"><font style="font-size: 10pt">Proposal to introduce a post-vesting holding period for restricted shares and restricted share units
</font>for members of the Supervisory Board until six months after the end of their service as member of the Supervisory Board*</td></tr></table>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in">7.3</td><td style="text-align: justify">Proposal to change the form of future restricted share awards to members of the Supervisory Board from restricted shares (RSAs) to
restricted share units (RSUs)*</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><b>8.</b></td><td style="text-align: justify"><b>Proposal to approve the amendment of the remuneration policy of the Company*</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><b>9.</b></td><td><b>Proposal to approve the adoption of an Employee Share Purchase Program (ESPP)*</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><b>10.</b></td><td><b>Closing</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Agenda items marked with an asterisk (*) are voting items.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 10pt">The agenda with
explanatory notes, the Dutch statutory annual report FY 2022, including the Dutch statutory financial statements for FY 2022 and auditor&rsquo;s
opinion and other AGM documents are available on the Company&rsquo;s corporate website </font>(<u>https://investors.mytheresa.com/governance/annual-reports/</u>).
Hard copies of the AGM documents can be requested to be sent to you by sending an e-mail to <u>agm@mytheresa.com</u>. The AGM documents
are also available for inspection at the offices of the Company (Einsteinring 9, Aschheim/Munich, Germany).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 10pt"><b>V</b></font><b>irtual
AGM</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Considering the situation around the COVID-19
pandemic in both the Netherlands and in Germany, the AGM will be held fully virtually in accordance with the Dutch Temporary Act COVID-19
Justice and Safety (<i>Tijdelijke wet COVID-19 Justitie en Veiligheid</i>) (<b><i>Temporary Act COVID-19</i></b>). This means that no
visitors or shareholders can attend in person. Shareholders are offered the possibility to follow the AGM virtually.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 10pt">The logistics and
procedures set forth in this convening notice are subject to the Temporary Act COVID-19 being applicable at the date of the AGM. In the
event that the meeting cannot be held entirely virtually because the Temporary Act COVID-19 would no longer be effective at the date
of the AGM, the AGM will take place at the same date and time in Aschheim/Munich, Germany, at a location to be determined, possibly with
restricted physical access or in a hybrid form. Further information in this respect will in such instance be shared on our website (</font><u>https://investors.mytheresa.com/governance/annual-reports/</u>)
as soon as possible. The chairperson may furthermore deviate from such logistics and procedures in the interest of the orderly conduct
of the AGM. Shareholders are advised to regularly check the website of the Company for updates until the date of the AGM.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Registration</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 10pt">Shareholders who
wish to virtually attend the AGM, have to register for the AGM by October&nbsp;<b>20, 2022 at 18.00 CET</b> at the latest, by sending
an email to </font><u>agm@mytheresa.com</u>. for each shareholder concerned (or person entitled to vote) a statement that it wishes to
register for the AGM including the number of shares notified for registration and held by the relevant shareholder. The shareholder will
receive an email confirming its registration including the number of shares registered for the AGM, with the required information to
log on to the webcast.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Voting</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 10pt">Shareholders registered
in the Company's register of shareholders may use the proxy from with voting instructions to vote without virtually attending the AGM
(form available free of charge on </font><u>https://investors.mytheresa.com/governance/annual-reports/</u>).The deadline for submitting
a proxy form is October&nbsp;20, 2022, 23.59 CET. It is not possible to vote (electronically) during the AGM.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Questions relating to the AGM</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 10pt">Shareholders (who
registered for the AGM and who have received a confirmation of registration), have the opportunity to submit questions in writing, by
sending them to </font><u>agm@mytheresa.com</u> before October&nbsp;25, 2022, 18.00 CET. Shareholders are requested to state their name
and registration number when submitting questions. The Company intends to address the questions during the AGM, to the extent appropriate
in view of the orderly conduct of the AGM. The relevant questions and answers will be published on the Company&rsquo;s website (<u>https://investors.mytheresa.com/governance/annual-reports/</u>)
after the AGM. Shareholders who submitted questions prior to the AGM in accordance with the procedures set forth above will be given
the opportunity to submit follow-up questions during the AGM for which they will receive separate instructions.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Holders of American Depositary Shares</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Holders of American Depositary Shares will receive
a separate notice of the AGM through the Company&rsquo;s depositary agent (Bank of New York Mellon). The option of virtual attendance
will not be available to holders of American Depositary Shares.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Aschheim/Munich, September&nbsp;12, 2022</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Management Board</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Contact details:&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Einsteinring 9 8&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">5609 Aschheim/Munich Germany&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><u>agm@mytheresa.com</u></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



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<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>tm2225775d2_ex99-3.htm
<DESCRIPTION>EXHIBIT 99.3
<TEXT>
<html>
<head>
     <title></title>
</head>
<body style="font: 10pt Times New Roman, Times, Serif">

<p style="margin: 0">&nbsp;</p>

<p style="text-align: right; margin: 0"><b>Exhibit 99.3</b></p>

<p style="margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Agenda for the Annual General Meeting of Shareholders
(AGM) of MYT Netherlands Parent B.V. (the Company) <font style="color: #252525">to be held virtually on Thursday, October&nbsp;27, 2022,
starting at 18.00 CET.</font></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.25in"><b>1.</b></td><td style="text-align: justify"><b>Opening</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.25in"><b>2.</b></td><td style="text-align: justify"><b>Dutch statutory annual report for the financial year that ended on 30 June&nbsp;2022 (FY 2022)</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.25in"><b>3.</b></td><td style="text-align: justify"><b>Explanation of the dividend policy</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.25in"><b>4.</b></td><td style="text-align: justify"><b>Proposal to adopt the Dutch statutory accounts for FY 2022*</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.25in"><b>5.</b></td><td style="text-align: justify"><b>Discharge</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">5.1</td><td style="text-align: justify">Proposal to discharge the members of the management board of the Company (the&nbsp;<b>Management Board</b>)
from liability for their duties performed during FY 2022*</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">5.2</td><td style="text-align: justify">Proposal to discharge the members of the supervisory board of the Company (the&nbsp;<b>Supervisory Board</b>)
from liability for their duties performed during FY 2022*</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.25in"><b>6.</b></td><td style="text-align: justify"><b>Proposal to appoint KPMG Accountants N.V. as external auditor for the financial years up to and including
30 June&nbsp;2024*</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.25in"><b>7.</b></td><td style="text-align: justify"><b>Proposals to amend the Long-Term Incentives for certain members of the Supervisory Board</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><font style="font-size: 10pt">7.1</font></td><td style="text-align: justify"><font style="font-size: 10pt">Proposal to </font>amend the terms of the existing restricted share awards
granted to certain members of the Supervisory Board to extend the vesting date to shortly after each annual general meeting*</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><font style="font-size: 10pt">7.2</font></td><td style="text-align: justify"><font style="font-size: 10pt">Proposal to introduce a post-vesting holding period for restricted shares
and restricted share units </font>for members of the Supervisory Board until six months after the end of their service as member of the
Supervisory Board*</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">7.3</td><td style="text-align: justify">Proposal to change the form of future restricted share awards to members of the Supervisory Board from
restricted shares (RSAs) to restricted share units (RSUs)*</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.25in"><font style="font-size: 10pt"><b>8.</b></font></td><td><font style="font-size: 10pt"><b>Proposal to approve the amendment of the remuneration policy of the Company</b></font>*</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.25in"><b>9.</b></td><td style="text-align: justify"><b>Proposal to approve the adoption of an Employee Share Purchase Program (ESPP)*</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.25in"><b>10.</b></td><td style="text-align: justify"><b>Closing</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Agenda items marked with an asterisk (*) are voting
items.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Explanatory notes to the agenda for the AGM
to be held on 27 October&nbsp;2022</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Re item 2: Dutch statutory annual report for
FY 2022</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #252525">The performance of the Company
is described in more detail in the Dutch statutory annual report for FY 2022. For further details, please refer to the Dutch statutory
annual report for FY 2022.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #252525"><b>Re item 3: Explanation of the
dividend policy</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #252525">The Company&rsquo;s policy on
additions to reserves and dividends as outlined in the Dutch statutory annual report FY 2022 will be discussed.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #252525"><b>Re item 4: Proposal to adopt
the Dutch statutory accounts for FY 2022*</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #252525">The Dutch statutory accounts for
FY 2022 are included in the Company&rsquo;s Dutch statutory annual report for FY 2022. These have been drawn up by the Management Board
and audited by KPMG Accountants N.V., who have issued an unqualified opinion. A representative of the auditor will be present during the
AGM to answer questions. It is proposed to adopt the Dutch statutory accounts for FY 2022.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #252525"><b>Re item 5.1: Discharge from
liability of the members of the Management Board*</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0; color: #252525">It
is proposed to discharge the members of the Management Board from liability in relation to the exercise of their duties in FY 2022, in
accordance with Dutch law, on the basis of information provided to the General Meeting and other information publicly available when the
resolution to discharge is adopted.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in; color: #252525"><b>Re
item 5.2: Discharge from liability of the members of the Supervisory Board<i>*</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0; color: #252525">It
is proposed to discharge the members of the Supervisory Board from liability in relation to the exercise of their duties in FY 2022, in
accordance with Dutch law, on the basis of information provided to the General Meeting and other information publicly available when the
resolution to discharge is adopted.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in; color: #252525"><b>Re
item 6: Proposal to appoint KPMG Accountants N.V. as external auditor for the financial years up to and including 30 June&nbsp;2024*</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0; color: #252525">The
Supervisory Board has proposed to instruct KPMG Accountants N.V. to audit the Dutch statutory financial statements of the Company
for the financial years up to and including the financial year ending on 30 June&nbsp;2024. This proposal is based on a thorough
evaluation of the functioning of the external auditor, as conducted by the Audit Committee, and after giving due consideration to
the observations of the Management Board that supports this proposal<font style="font-family: Times New Roman, Times, Serif; color: #252525">.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0; color: #252525"><b>Re
item 7.1: Proposal to amend the terms of the existing restricted share awards granted to certain members of the Supervisory to extend
the vesting date to shortly after each annual general meeting *</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #252525">In the past, shareholder's resolutions
were passed to grant an annual award of restricted shares to four members of the Supervisory Board (being Sascha Zahnd, Susan Saideman,
Marjorie Lao and Michaela Tod), with a vesting date of 31 December&nbsp;2021. Later, a shareholder's resolution was passed to grant an
annual award of restricted shares to two other members of the Supervisory Board (being Nora Aufreiter and Dennis Gies), with a vesting
date of 30 June&nbsp;2022. The respective shareholder&rsquo;s resolutions state that &ldquo;Each subsequent annual Equity Award will be
granted to the Supervisory Director on the date of the regularly scheduled Supervisory Board meeting next following the date on which
the prior year&rsquo;s Equity Award vests and will vest on the first anniversary of the date of grant.&rdquo;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #252525">In order to align the grant and
vesting dates of restricted share awards for all Supervisory Board members, the Supervisory Boards has recommended to amend the terms
of the existing restricted share awards to extend the vesting date to shortly after the AGM for the relevant subsequent financial year.
If approved by the general meeting, the existing restricted share award agreements will have to be amended with the grantee&rsquo;s consent.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0; color: #252525"><b>Re
item 7.2: Proposal to introduce a post-vesting holding period for existing restricted share awards granted to members of the Supervisory
Board until six months after the end of service*</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #252525"><font style="font-size: 10pt">The
Supervisory Board has proposed to create a post-vesting holding period </font>for existing restricted share awards to members of the Supervisory
Board until six (6)&nbsp;months after the end of their service as member of the Supervisory Board, with a discretionary authority for
each supervisory director regarding 10% of vested shares. In order to achieve this, it is proposed that the general meeting approves the
amendment of the terms of the existing restricted share awards to include the post-vesting holding period. If approved by the general
meeting, the existing restricted share award agreements will have to be amended with the grantee&rsquo;s consent.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0; color: #252525"><b>Re
item 7.3: Proposal to change the form of future restricted share awards to members of the Supervisory Board from restricted shares (RSAs)
to restricted share units (RSUs)*</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #252525"><font style="font-size: 10pt">The
Supervisory Board has proposed </font>to change the form of future restricted share awards to members of the Supervisory Board from restricted
shares (RSAs) to restricted share units (RSUs) as defined in the MYT 2020 Omnibus Incentive Compensation Plan .To date equity awards that
have been granted to supervisory directors are all awards of RSAs. Existing RSAs will not be modified. It is proposed that the general
meeting approves changing the form of future restricted share awards to members of the Supervisory Board from restricted shares (RSAs)
to restricted share units (RSUs).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #252525"><font style="font-size: 10pt"><b>Re item 8: </b></font><b>Proposal
to approve the amendment of the remuneration policy of the Company*</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #252525">In connection with the establishment
of a separate nominations, governance and sustainability committee and the appointment of its members by the Supervisory Board (the <b>Nominations,
Governance and Sustainability Committee</b>), the Supervisory Board proposes to amend the remuneration policy of the Company to introduce
a fixed annual remuneration fee of &euro; 10,000 in cash to the Chair of the Nominations, Governance and Sustainability Committee. There
will be no annual remuneration for the other members of the Nominations, Governance and Sustainability Committee. Susan Saideman will
be the first Chair of the Nominations, Governance and Sustainability Committee. A copy of the proposed amended remuneration policy can
be found on the Company&rsquo;s website.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in; color: #252525"><b>Re
item 9: Proposal to approve the adoption of an Employee Share Purchase Program*</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #252525">The
Management Board has proposed to adopt an Employee Share Purchase Program (<b>ESPP</b>). The objective of the ESPP is to allow employees
of the Company (or any of its subsidiaries) to participate in the growth of the Company and to promote long-term corporate engagement
by offering eligible employees the opportunity to acquire American Depositary Shares representing shares in the capital of the Company
(<b>ADSs</b>), at a discount, subject to the terms of the ESPP. The discount is fixed to one-third of the investment by the participant.
The discount is implemented by increasing the number of shares with one-third (e.g. a participant receives four ADSs for the price of
three ADSs). A copy of the full ESPP can be found on the Company&rsquo;s website. The Supervisory Board has approved that the Management
Board resolves to adopt the ESPP. It is proposed that the general meeting approves the adoption of the ESPP.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="margin: 0"></p>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
