The Beginning! First NOAH Conference Takes Place in London

November 2009

NOAH Bible (Newsletter): A Valuation / KPI Snapshot for European Internet

May 2015

NOAH Conference Expands to BerlinJune 2015

Pre-Event Matchmaking: Making NOAH the Most Productive Conference Ever

September 2017

Our Special 10th Anniversary of NOAH London

October 2018

NOAH London Moves to Old BillingsgateNovember 2011

Startups Welcomed on Stage (SevenVentures Pitch Day)Workshop Stage Featuring Best-In-Class Service ProvidersNOAH Books Initiative: Industry Directories for the EcosystemNovember 2013

NOAH Connect App v1: Bringing the NOAH Famous Networking OnlineMay 2016

Dedicated Start-up Stage for the Unicorns of the FutureNOAH Conference is Streamed Live for the First TimeJune 2016

NOAH Conference Expands to Tel AvivMarch 2018

NOAH Public Companies: Europe’s First Free Internet Trading CompsMay 2018

2010

2009

2011

2014

2012

2015

2017

2013

2016

2018

YEARS

ANNIVERSARY

It’s Been A Remarkable 10 Years!®

YEARS

ANNIVERSARY

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Jun 16Aug 15May 11Nov 15Oct 17Mar 15Oct 16May 17May 18Jul 18Oct 15Jan 14Nov 13Sep 14May 18Dec 16Dec 16Sep 14Jul 17Jul 16Mar 15Jan 17May 14Jun 13Sep 14Jul 14Dec 12Feb 14Jul 15Jun 18Feb 14Dec 14Sep 10Aug 18Feb 15Jan 15May 15Feb 17Oct 15Jul 13Apr 16Feb 15Mar 16Jul 13Aug 18May 18Mar 14Feb 11Feb 15Apr 11Sep 10Jan 14Oct 14Jan 14Jan 13 Dec 17Feb 12Jul 18Aug 14Aug 15Jul 10Sep 16Mar 17Jul 18Apr 16Feb 13Jul 18Jul 18Sep 18Jun 15Mar 16Jun 15Jul 14Apr 15May 17Dec 14Jan 11Feb 17Feb 15May 12Aug 12Aug 15May 15Mar 15Jun 12Apr 16Dec 14Dec 16May 11Jun 10Jul 18Jun 14Mar 11Jan 17Apr 16May 14Sep 14May 16Jul 18Jun 17

Date Acquiror Target Target Country Adjusted EV (€m)TencentPaddy PowerMicrosoftActivision BlizzardHellman & FriedmanYOOXCinven, Permira, Mid EuropaMoody’sSilver Lake; GIC Special InvestmentsEQT PartnersNaspersApax PartnersHellman & FriedmanMicrosoftPayPalGo DaddyCtripmail.ruIngenicoAVAST SoftwareOptimal PaymentsZhejiang Jinke EntertainmentPermiraGoogle Access IndustriesIngenicoExpediaCVC Capital PartnersDeutsche BoerseAlibabaRakutenAdobeAxel Springer VerlagSiemensRocket InternetKKRDelivery Hero Priceline GroupExponent. ElectraCinven Vente-PrivéeRocket InternetHgCapitalTPGHewlett PackardOracleBC PartnersOdigeo (AXA and Permira)Immowelt TA & Summit SchibstedZyngaPublicisGoogle IngenicoAppleAholdOrangeDelivery Hero StröerPermiraProSiebenSat.1AlticeScout24RakutenPartners GroupEQT PartnersUltimate SoftwareMunich ReVivendiShandong Hongda Mining Co.7CommerceKKRZooplaMTGeSureAmazon Take-TwoTamediaNTT DOCOMOAXA Private EquityAdidasRecruit HoldingsRecruit HoldingsNaspersAccorHotelsHost EuropeGeneral AtlanticLBO FranceRakutenStamps.comBestsellerPrivalia EMKNokiaAxel Springer DigitalNeiman Marcus eBayTakeawayHoffman

Supercell (84%)Betfair Group (merger)SkypeKing.comNets GroupNet-a-Porter (merger)AllegroBureau van DijkZPGSUSEAvito (50.6%)Trader Media GroupScout24 MojangiZettleHost Europe GroupSkyscannerVkontakte (remaining 48%)BamboraAVG TechnologiesSkrillOutfit7TeamviewerWazePerform GroupGlobalCollecttrivago (61.6%)Avast Software360TTrendyolViberFotoliaSeLoger (87.6%)MendixHelloFresh (51.7%)thetrainline.comYemek Sepeti (88.6%)Momondo GroupPhotoBoxHost Europe PrivaliaDelivery Hero (30%)RaetTSL EducationApogee CorporationGrapeshotCarTrawlerOpodoImmonet (merger)BigpointLeBoncoin (remaining 50%)NaturalMotionMatomy (24.9%)DeepMind OgoneShazamBol.comBasefarmPizza.deInteractiveMediaeDreamsParship (51%)Teads.tvFinanzcheck.deCabifySoftonic (30%)Banking CirclePeopleDocRelayrDailyMotion (80%)JagexVerivox (80%)Scout24 Schweiz & Omnimedia (49%)uSwitchInnoGames (30%)Gocompare (50%)LoveFilmSocial PointRicardoBuongiornoBestsecret.comRuntasticWahanda (70%)Quandoo (92.9%)Netretail (79%)OneFineStayIntergeniaHemnet (majority stake)PromovacancesPriceMinisterMetaPackM&M DirectDress for LessLuminatiWithingsYad2Mytheresa.comTicketbis10bisContorion

FinlandUKLuxemburgUKDenmarkUKPolandNetherlandsUKGermanyRussiaUKGermanySwedenSwedenGermanyUKRussiaSwedenNetherlandsUKSloveniaGermanyIsraelUKNetherlandsGermanyCzech RepublicGermanyTurkeyCyprusEuropeFranceNetherlandsGermanyUKTurkeyUKUKUKSpainGermanyNetherlandsUKUKUKIrelandUKGermanyGermanyFranceUKIsraelUnited KingdomBelgiumUKNetherlandsNorwayGermanyGermanySpainGermanyFranceGermanySpainSpainDenmarkFranceGermanyFranceUKGermanySwitzerlandUKGermanyUKUKSpainSwitzerlandItalyGermanyAustriaUKGermanyNetherlandsUKGermanySwedenFranceFranceUKUKGermanyIsraelFranceIsraelGermanySpainIsraelGermany

9,6876,8245,8994,5394,290 3,1203,0333,0002,8502,2722,1522,1262,0001,9321,864 1,6901,6221,5981,5001,1701,1001,000870863858820774738725661658645634628623595594586546508500496470464456454450450420408400388383365360353350350300300300300300285283275272 272 272271270262262260260241236234228223223220218213213212210208200200197177175170170167150148135130

THE TOP 100 DIGITAL EUROPEAN M&A DEALS BY SIZE IN THE LAST 8 YEARS We hosted on main stage 52% of the top 100 digital M&A Exits (€51bn combined EV)

in Europe since the launch of NOAH Conference in Nov 2009

Note: Digital Companies trade sale exits (only one most recent deal counted per company). Green font denotes speaker at NOAH. 2

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105 77

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Attendees at NOAH # of times speaking at NOAH

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85 67

53 33 22

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VENTURE CAPITAL

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The Conference for the Industry

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Lakestar

Holtzbrinck Ventures

Index Ventures

Hellman & Friedman

KKR

SevenVentures

Target Global

Vitruvian Partners

General Atlantic

Accel Partners

BCG Digital Ventures

TA Associates

EQT Partners

Eight Roads

Permira

Acton Capital

Summit Partners

Partech Ventures

Rocket Internet

e.ventures

MCI Capital

Atlantic Labs

btov Partners

Macquarie Capital

Insight Venture Partners

Technology Crossover Ventures TCV

Maryland GmbH

Oakley Capital

Earlybird Venture Capital

Project A Ventures

NGP Capital

Piton Capital

Spectrum Equity Investors

10x.Group

FinLeap

HPE Growth Capital

iLab Ventures

HgCapital

Atomico

Coparion

SpeedInvest

Catalonia Trade & Investment

Frog Capital

Northzone

Rheingau Founders

DN Capital

Scottish Equity Partners

TPG Capital

LetterOne Technology

RTP Global

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A SAttendees at NOAH # of times speaking at NOAH

The Conference for the Industry®

YEARS

ANNIVERSARY

Top Investors Come to NOAH Regularly! Total Attendees over the Last 8 Years

4

Key Investors in Digital: All Come to NOAH! ®

YEARS

ANNIVERSARY

10x3i3TS Capital Partners3w Ventures83NorthA5 Capital PartnersAccelACE & CompanyActivant CapitalActive Venture PartnersActon Capital PartnersAD4venturesAlchimia FundAlephAllianz VenturesAlmaz CapitalAlstin Alternative Strategy InvestmentsAmadeus Capital PartnersApaxArdianAriadne CapitalAstutia VenturesAtlantic LabsAtomicoAVentures CapitalAXA Strategic VenturesAXA Venture PartnersAxel Springer Acceleratorb10BackBone VenturesBaillie GiffordBain CapitalBalderton CapitalBauerVenture PartnersBayBGBCG Digital VenturesBellevue InvestmentsBeringeaBerlin Innovation VenturesBerlin Technologie HoldingBerlin VenturesBerliner Volksbank VenturesBessemer Venture PartnersBFB Brandenburg KapitalBlackFin Capital PartnersBlackstone GroupBlumberg Capitalbmp VenturesBMW iVenturesBnL Growth PartnersBoerste Stuttgart - Digital VenturesBoldStart VenturesBootstrap EuropeBregal InvestmentsBridgepointbtov PartnersBuildit AcceleratorBurda DigitalBurda Principal InvestmentsCapHorn InvestCapital300Capnamic VenturesCapvis Equity PartnersCare4 AGCatalyst InvestorsCathay InnovationCavalry VenturesChannel 4Check24 VenturesCherry VenturesCiti VenturesClaltechColumbia Lake PartnersCommerzVenturesConcentricConstantia New BusinessCoparionCreandumCreathor Venturescumberland.vcCurious Capital

HV Holtzbrinck VenturesiAngelsIBB Beteiligungsgesellschaftidinvest PartnersiLab VenturesiMENA GroupIndex VenturesInMotion VenturesInnogest SGRInnogy VenturesInovo.vcInsight Venture PartnersIntel CapitalInternational Finance CorporationInven CapitalInVenture PartnersInvicta AngelsIris CapitalIST CUBE ManagementJAL VenturesJerusalem VentureJolt CapitalK - FundKennet PartnersKinetikKinnevikKite VenturesKizoo Technology CapitalKKRKlever Internet InvestmentsKorelya CapitalKPN VenturesKreos CapitalLakestarLeadX Capital PartnersLetterOne TechnologyLevensohn Venture PartnersLumia CapitalLuxor CapitalM2P Ventures Macquarie CapitalMagma Venture PartnerMairDumont VenturesMangrove Capital PartnersMarylandMassMutual VenturesMaxburg Capital PartnersMayfair Equity PartnersMCI CapitalMedia + More BeteiligungsMid Europa PartnersMizMaa VenturesMountain PartnersMunich Venture PartnersMutschler VenturesNauta CapitalNext Media AcceleratorNext World Capitalnext47NGP (Nokia Growth Partners)NorthzoneNova Founders CapitalNWZ DigitalO.G. Tech VenturesOakley CapitalOne Peak PartnersOpenOceanOrange Growth CapitalOTB VenturesP101 VenturesPalamon Capital PartnersPartech VenturesPartners GroupPermiraPFR VenturesPitango Venture CapitalPiton CapitalPix Vine CapitalPoint Nine CapitalPomegranate InvestmentPortugal Ventures

Daphni Data Ventures Davidson Technology Growth DebtDeutsche Boerse DB1Dieter Von HoltzbrinckDN CapitalDST Global InvestmentsDTCPDuMont Digitale.capitale.venturesEarlybirdEBRD Venture CapitalEdison Venture CapitalEgmontEight RoadsElaia PartnersEMK CapitalEndeit CapitalenernEnterprise InvestorsEntrée CapitalEQT PartnersESN Capital GroupESO CapitalEurazeoeValue GroupExponent Private EquityFelix CapitalFielmann VenturesFinLeapFinnvera Venture CapitalFinparxFinstar Financial GroupFinTLV VenturesFJ LabsFluxunit – OSRAM VenturesFollow [The] SeedFrancisco PartnersFrog CapitalFrontier Digital VenturesFSN Capital PartnersGenerGeneral AtlanticGeneration CapitalGeneration IMGENUIGerman Media PoolGerman Startups GroupGimvGlobal Founders CapitalGlobal Growth CapitalGMT Communications PartnersGoldman Sachs Private CapitalGPI CapitalGPS VenturesGR CapitalGrazia EquityGreat Hill PartnersGriffon CapitalGrove VenturesGV - Google VenturesH. I. G. European Capital PartnersHammer TeamHanse VenturesHarbert European Growth CapitalHedosophiaHeinen Verlag VenturesHellman & FriedmanHenkel VentureshenQH-FARM VenturesHg CapitalHighland Capital PartnersHigh-Tech GruenderfondsHo.Re.Ca.digitalHolding Italiana 14Holtzbrinck DigitalHorizon CapitalHPE Growth Capitalhub:raum

Prime VenturesProject APropTech1 VenturesProSiebenSat.1 AcceleratorProvidence EquityQuadriga CapitalRebate NetworksRed Dot Capital PartnersRedalpine Venture PartnersRedline CapitalRed-stars.com dataRedstoneREV Venture PartnersRheingau Foundersricon GmbHRiverside CompanyRiverwood CapitalRocket InternetRTA VenturesRun Capitalru-NetRussia PartnersSaban VenturesScottish Equity Partners (SEP)Seaya VenturesSenovoSeventure PartnersSevenVenturesShark BitesSigmaLabs AcceleratorSilicon Valley BankSilver Lake PartnersSinai VenturesSingtel Innov8Smartfin VCSmedvig CapitalSpectrum equitySpeedinvestSpeedUp Venture Capital GroupStripes GroupSTS VenturesSued Beteiligungen GmbHSummit PartnersSwisscom VenturesTA AssociatesTA VenturesTalis CapitalTamediaTarget GlobalTarget PartnersTCVTechFoundersTechstars METRO AcceleratorTengelmann VenturesTop Tier Capital PartnersTPGTrilantic Capital PartnersU - StartUniCredit evoUnternehmertum Venture Capital PartnersUplift VenturesValerian Capital PartnersVentechVenturateVerdane CapitalVia IDVintage Investment PartnersViola VenturesVito VenturesVitruvian PartnersVogel VenturesVorwerk VenturesVulcan CapitalW VenturesWarburg PincusWestTechVentureWhite Star CapitalXAngexVenturesYeahmobiZouk Capital 5

Bringing The Industry Giants Together On StageSpeaker Highlights from Recent NOAH Conferences ®

YEARS

ANNIVERSARY

Hakan KoçFounder & MD

Dr. Richard LutzCEO

John CollisonCo-Founder

Robert GentzCEO

Ralph HamersCEO

Glenn FogelCEO

Herbert HainerFormer CEO

Herbert HainerFormer CEO

Friedrich JoussenCEO

Olaf KochChairman of the

Management Board

Eric SchmidtExecutive Chairman

Eric SchmidtExecutive Chairman

Travis KalanickCo-Founder

Arianna HuffingtonCo-Founder

Dr. Dieter ZetscheChairman of the

Management Board

Pieter van der DoesCEO

Henry BlodgetCEO

Niklas ZennströmFounder & CEO

Niklas ZennströmFounder & CEO

Sir Martin SorrellFormer CEO

Dr. Bernd MontagCEO

Joey LevinCEO

Klaus HommelsFounder & CEO

Valentin StalfCo-Founder & CEO

Niklas ÖstbergCEO

Dara KhosrowshahiCEO

Dr. Mathias DöpfnerCEO

Christian SewingCEO

Rolf SchrömgensCo-Founder & CEO

Mikkel SvaneCEO

Oliver SamwerFounder & CEO

Al GoreChairman

Martin SchulzFormer President of the

European Parliament

6