Current report No. 3/2024

Date: 1 March 2024

Title: Information about the results of an impairment test of the assetsof some of the legal entities belonging to Mall Group a.s.

Legal basis: Article 17 of MAR - inside information

The Board of Directors of Allegro.eu (the _quot;Board_quot; and the "Company",accordingly) hereby informs that the Company has completed an impairmenttest of the cash-generating units ("CGUs") made up of the MALL legalentities operating in Czechia, Slovakia and Hungary. The Board acceptedthe revised financial projections used to estimate the recoverableamount of each CGU. The Board then accepted the result of the impairmenttest for inclusion in the Group's Annual Consolidated FinancialStatements for the year ended 31 December 2023.

In performing its annual impairment testing of goodwill, the Company hasnoted that the estimated total fair value, less costs to sell, of allthe cash-generating units that comprise Allegro's InternationalOperations (consisting of the MALL Segment and the new AllegroInternational Segment) has increased in comparison to the equivalenttest performed for 2022. However, this increase in valuation is mainlyattributable to the Allegro.cz marketplace cash-generating unit launchedin May 2023 (Allegro International Segment). In contrast, the MALL North(Czech Republic, Slovakia, and Hungary) and CZC cash-generating units(parts of the Mall Segment) are underperforming previous projections andManagement has concluded that the remaining goodwill allocated to MALLSegment and substantially all intangible assets allocated to these twocash-generating units should be written down.

The impairment test was performed in accordance with InternationalAccounting Standards and compared a financial projection estimating thefair value of each CGU, less costs to sell, as of 31 December 2023 andresulted in the Group recognizing a non-cash impairment charge of PLN629.3 million netted off with the impact of deferred tax in the amountof PLN 123.7 million. This impairment loss will be allocated pro rata tointangible assets (mainly customer relationships, trademark, domains andsoftware) and will be presented in the Consolidated Statement ofComprehensive Income for the year ended 31 December 2023 in the costline _#8216;Impairment losses of non-current non-financial assets' and _#8216;IncomeTax' accordingly.

The impairment will reduce the net income of the Group in the fourthquarter of 2023. In contrast, it will not affect earnings beforeinterest, tax, depreciation, amortization and impairment losses ofnon-current non-financial assets (_quot;EBITDA_quot;). Neither does it affect theGroup cash flow generation. This accounting event does not have anyimpact on the stability of Allegro's business, nor Group's businesspriorities - including the operations of Allegro's 3P marketplace inCzechia and upcoming launches in other MALL markets.

The presented amounts are estimates and are subject to change. The finalvalue of the impairment loss will be presented in the consolidatedfinancial statements of the Company for 2023, which will be audited by acertified auditor and published on 14 March 2024.

Allegro.eu is a Luxembourg public limited liability company (soci_#233;t_#233;anonyme), registered office: 1, rue Hildegard von Bingen, L - 1282Luxembourg, Grand Duchy of Luxembourg, R.C.S. Luxembourg: B214830.