[1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 1 of 42] UNAUDITED INTERIM REPORT

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1 [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 1 of 42] UNAUDITED INTERIM REPORT Q / 2018

2 Overview & figures in EUR k 1 May May Feb Feb , , , ,766 Adjusted EBITDA 61,015 51,522 85,523 75,032 Operating result (EBIT) 44,459 34,209 58,864 47,680 16,871 16,971 1,848 1,883 Net revenue Number of employees Number of stores GEOGRAPHIC PRESENCE Estonia Lithuania The Netherlands Poland Germany Belgium Czech Republic Slovakia Austria Switzerland Hungary Slovenia Italy 02 [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 2 of 42] Overview & figures Croatia Serbia Romania

3 Disclaimer In this report, the accompanying unaudited consolidated interim financial information of Takko Fashion S.à r.l. as of and for the relevant period ended has been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted in the EU. The financial information and financial statements included in this report are presented in Euro. Certain numerical figures in this report have been rounded. Therefore, discrepancies in tables between totals and the sums of the amounts listed and between figures in tables and their respective analysis in the text of the report may occur due to such rounding. All changes in percentage and ratios were calculated using the underlying data in Euro thousands. This Interim Report contains forward-looking statements which are based on forecasts, assumptions and information currently available to the Management. These forward-looking statements do not represent a guarantee that the developments, successes and achievements presented will actually come about or will not significantly deviate from the information provided in this Interim Report. Investors are cautioned not to place undue reliance on these forward-looking statements. Indeed, future developments, successes and achievements depend on the effects of various factors. Furthermore, the statements contain various risks and uncertainties. Takko Fashion does not consider itself to be under any obligation to update the forward-looking statements contained in this Interim Report. [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 3 of 42] Disclaimer 03

4 UNAUDITED INTERIM GROUP MANAGEMENT REPORT [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 4 of 42]

5 Table of contents 06 Business performance 15 Report on opportunities and risks [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 5 of 42] Table of contents 05

6 1. Business performance for the period from 1 May 2017 to and for the period from 1 February 2017 to 1.1 Financial performance in EUR k Net revenue 304, , , ,766 Cost of materials (116,201) (116,106) (205,120) (205,488) Personnel expenses (60,973) (62,412) (120,233) (120,890) Lease payments incl. costs for services (47,285) (52,095) (95,304) (100,970) Marketing expenses (5,735) (7,513) (13,940) (18,643) Other operating result (17,219) (13,494) (31,014) (28,709) Depreciation, amortization and impairment of pro perty, plant and equipment, and intangible assets (12,552) (11,094) (20,930) (19,386) Operating result 44,459 34,209 58,864 47,680 Financial result (27,598) (28,405) (53,481) (55,478) Income taxes (12,604) (7,835) (15,620) (10,793) Net profit / (loss) 4,257 (2,031) (10,237) (18,591) Adjusted EBITDA (a) 61,015 51,522 85,523 75,032 % of net revenue 20.0 % 17.4 % 15.7 % 13.8 % EBITDA 57,011 45,303 79,794 67,066 % of net revenue 18.7 % 15.3 % 14.6 % 12.4 % (a) See paragraph Adjusted EBITDA below for a definition of EBITDA and adjusted EBITDA 06 [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 6 of 42] Business performance for the period from 1 May 2017 to and for the period from 1 February 2017 to

7 Net revenue and net revenue by segment in EUR k Change in % Change in % Germany 195, , % 349, , % Western and Central Europe 49,949 48, % 88,551 87, % Eastern Europe 59,090 57, % 106, , % Total net revenue of the Group (a) 304, , % 545, , % (a) Net revenue excluding net revenue generated through deliveries among Group entities (so-called internal net revenue). 1 May 2017 to Our net revenue of the Group increased by EUR 7.5m or 2.5 % from EUR 296.9m in the three-month period ended to EUR 304.4m in the three-month period ended. The development in net revenue is due to an increase in dynamic Like-for-Like (LfL) year-on-year revenue of 2.9 %. LfL revenues comprise the sales of stores which have been opened before 30 April The total number of stores decreased from 1,883 as of to 1,848 as of. The development mainly results from the closure of non-performing stores. In the period from, Takko has opened 6 new stores on a gross basis. 1 February 2017 to Our net revenue of the Group increased by EUR 3.6m or 0.7 % from EUR 541.8m in the six-month period ended to EUR 545.4m in the six-month period ended. The total number of stores decreased from 1,883 as of to 1,848 as of. The dynamic LfL year-on-year revenue increased by 1.5 % in the six-month period, as compared to the six-month period ended. LfL revenues comprise the sales of stores which have been opened before 31 January 2016, so that they show full six-month sales for both prior year and current year. The development mainly results from the closure of non- performing stores. In the period from 1 February to, Takko has opened 19 new stores on a gross basis. 1 May 2017 to by segment Net revenue of the Germany segment increased by EUR 4.4m or 2.3 % from EUR 191.0m in the three-month period ended to EUR 195.4m in the three-month period ended. The dynamic LfL net revenue increased by 1.4 % in the three-month period ended, as compared to the three-month period ended. The total number of stores decreased by 5 stores (on a net basis) in the last 12 months. Indicative market performance for the period May 2017 to July 2017, based on Textilwirtschaft panel data participants, amounts to: May: -6%, June: -2 %, and July: -8 %. In the period from 1 May 2017 to 31 July 2017, Takko has opened 4 new stores in Germany on a gross basis. [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 7 of 42] Business performance for the period from 1 May 2017 to and for the period from 1 February 2017 to 07

8 In the three-month period ended, net revenue of the Western and Central Europe segment increased by EUR 1.5m or 2.9 % to EUR 50.0m as compared to EUR 48.5m in the three-month period ended. The dynamic LfL net revenue increased by 6.2 % in the three-month period ended, as compared to the three-month period ended. 16 stores (on a net basis) were closed in this segment in the last 12 months (resulting in a total number of 313 stores as of ). In the period from 1 May 2017 to, Takko has opened 1 new store in Western and Central Europe on a gross basis. The Eastern Europe segment showed an increase in net revenue of EUR 1.8m or 3.1 % to EUR 59.1m in the threemonth period ended, as compared to EUR 57.3m in the three-month period ended. The dynamic LfL net revenue increased by 5.4 % in the three-month period ended, as compared to the three-month period ended. In the last 12 months, 14 stores (on a net basis) were closed in this segment (resulting in a total number of 416 stores in this segment as of ). In the period from 1 May 2017 to, Takko has opened 1 new store in Eastern Europe on a gross basis. 1 February 2017 to by segment Net revenue of the Germany segment increased by EUR 1.3m or 0.4 % from EUR 348.6m in the six-month period ended to EUR 349.9m in the six-month period ended. The total number of stores decreased by 5 stores (on a net basis) in the last 12 months. The dynamic LfL net revenue remained unchanged in the six-month period ended, as compared to the six-month period ended. Indicative market performance for the period February 2017 to July 2017 based on Textilwirtschaft panel data participants amounts to: February: -9%, March: 9 %, April: -7%, May: -6%, June: -2%, and July: -8%. In the period from 1 February 2017 to, Takko has opened 14 new stores in Germany on a gross basis. In the six-month period ended, net revenue of the Western and Central Europe segment increased by EUR 1.2m or 1.3 % to EUR 88.6m as compared to EUR 87.4m in the six-month period ended. The increase of dynamic LfL net revenue was 4.2 % for the six-month period ended, as compared to the six-month period ended. The total number of stores decreased by 16 stores (on a net basis) in this segment in the last 12 months (resulting in a total number of 313 stores in this segment as of ). In the period from 1 February 2017 to, Takko has opened 2 new stores in Western and Central Europe on a gross basis. The Eastern Europe segment showed an increase in net revenue of EUR 1.2m or 1.1 % to EUR 107.0m in the sixmonth period ended, as compared to EUR 105.8m in the six-month period ended. The dynamic LfL net revenue increased by 4.1 % in the six-month period ended, as compared to the six-month period ended. The total number of stores decreased by 14 stores (on a net basis) in this segment in the last 12 months (resulting in a total number of 416 stores in this segment as of ). In the period from 1 February 2017 to, Takko has opened 3 new stores in Eastern Europe on a gross basis. 08 [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 8 of 42] Business performance for the period from 1 May 2017 to and for the period from 1 February 2017 to

9 Cost of materials and gross profit The following table shows our cost of materials for the three- and six-month periods ended and the three- and six-month periods ended : in EUR k Change in % Change in % Cost of sales 105, , % 185, , % Customs / freight / other 8,705 8, % 16,306 15, % Gains / losses on revaluation of inventories 1,777 3,489 (49.1%) 3,180 4,166 (23.7%) Cost of materials 116, , % 205, ,488 (0.2%) Gross profit 188, , % 340, , % % of net revenue 61.8 % 60.9 % 62.4 % 62.1 % Adjusted cost of materials (a) 114, , % 201, , % Adjusted gross profit 190, , % 343, , % % of net revenue 62.4 % 62.1 % 63.0 % 62.8 % (a) Adjusted cost of materials (excluding effects from gains / losses arising on revaluation of inventories). 1 May 2017 to Our adjusted cost of materials increased by EUR 1.8m or 1.6 % from EUR 112.6m in the three-month period ended to EUR 114.4m in the three-month period ended. Adjusted gross profit margin moved from 62.1 % in the three-month period ended to 62.4 % in the three-month period ended. This was mainly driven by an improved intake calculation and lower markdowns. 1 February 2017 to Our adjusted cost of materials increased by EUR 0.6m or 0.3 % from EUR 201.3m in the six-month period ended to EUR 201.9m in the six-month period ended. Adjusted gross profit margin moved from 62.8 % in the six-month period ended to 63.0 % in the six-month period ended. Personnel expenses Our personnel expenses decreased by EUR 1.4m or 2.2 % from EUR 62.4m in the three-month period ended to EUR 61.0m in the three-month period ended. The decrease in personnel expenses relates mainly to lower provisions for personnel expenses and reduced store count. Our personnel expenses decreased by EUR 0.7m or 0.6 % from EUR 120.9m in the six-month period ended to EUR 120.2m in the six-month period ended. Lease payments including costs for services In the three-month period ended, our lease payments and cost for services decreased by EUR 4.8m or 9.2 % from EUR 52.1m in the three-month period ended to EUR 47.3m in the three- [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 9 of 42] Business performance for the period from 1 May 2017 to and for the period from 1 February 2017 to 09

10 month period ended. The development in lease payments is primarily due to lower extraordinary expenses in connection with store closures and incidental expenses. In the six-month period ended, our lease payments and cost for services decreased by EUR 5.7m or 5.6 % from EUR 101.0m in the six-month period ended to EUR 95.3m in the six-month period ended. Marketing expenses The marketing expenses decreased by EUR 1.8m or 24.0 % from EUR 7.5m in the three-month period ended to EUR 5.7m in the three-month period ended. The development in marketing payments is primarily due to the consequence of a different media mix and an improvement of related conditions. The marketing expenses decreased by EUR 4.7m or 25.3 % from EUR 18.6m in the six-month period ended to EUR 13.9 m in the six-month period ended. Other operating result Our negative other operating result increased by EUR 3.7m or 27.4 % from EUR 13.5m in the three-month period ended to EUR 17.2m in the three-month period ended. Our negative other operating result increased by EUR 2.3m or 8.0 % from EUR 28.7m in the six-month period ended to EUR 31.0m in the six-month period ended. Financial result The financial result decreased by EUR 0.8m or 2.8 % from negative EUR 28.4m in the three-month period ended to negative EUR 27.6m in the three-month period ended. The financial result decreased by EUR 2.0m or 3.6 % from negative EUR 55.5m in the six-month period ended to negative EUR 53.5m in the six-month period ended. Net profit /(loss) Net profit for the three-month period ended was EUR 4.3m compared with net loss of EUR 2.0m in the corresponding period of the prior year. Net loss for the six-month period ended was EUR 10.2m compared with EUR 18.6m in the corresponding period of the prior year. Adjusted EBITDA Our current shareholders and management use EBITDA and, in particular, adjusted EBITDA, adjusted EBITDA margin (expressed as a percentage of net revenue) as well as adjusted gross profit and adjusted gross profit margin (expressed in percentage of net revenue) for internal management and performance monitoring purposes and as an indicator of the sustainable profitability of our operating segments. Adjusted gross profit and adjusted EBITDA are Takko specific measures. These are non-ifrs measures and may not be comparable to similarly-titled measures by other companies. We define adjusted gross profit as net revenue less cost of materials and inventory revaluation. We define adjusted EBITDA as profit or loss before taxes plus financial result as well as depreciation, amortization and impairment of property, plant and equipment, and intangible assets, adjusted for extraordinary effects, inventory revaluations, and reclassifications. Please note that some of these items in the table below, such as adjustments relating to financial result, provisions for losses of non-performing stores, losses / gains on revaluation of inventories, may be of a recurring nature. 10 [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 10 of 42] Business performance for the period from 1 May 2017 to and for the period from 1 February 2017 to

11 The following table shows a reconciliation of our reported profit or loss before taxes to our EBITDA and adjusted EBITDA for the periods indicated: in EUR k Profit / (loss) before taxes (EBT) 16,861 5,804 5,383 (7,798) Financial result 27,598 28,405 53,481 55,478 Depreciation, amortization and impairment of property, plant and equipment, and intangible assets 12,552 11,094 20,930 19,386 EBITDA 57,011 45,303 79,794 67,066 Adjustments relating to financial result (a) 1,493 1,651 2,932 3,151 Extraordinary store expenses (b) 427 1,262 (594) 429 Losses (gains) arising on revaluation of inventories (c) 1,777 3,489 3,180 4,166 Other non-operating loss /(profit) (d) 307 (183) Adjusted EBITDA 61,015 51,522 85,523 75,032 % of net revenue 20.0 % 17.4 % 15.7 % 13.8 % 1 May 2017 to Adjusted EBITDA increased by EUR 9.5m or 18.5 % from EUR 51.5m in the three-month period ended 31 July 2016 to EUR 61.0m in the three-month period ended. 1 February 2017 to Adjusted EBITDA increased by EUR 10.5m or 14.0 % from EUR 75.0m in the six-month period ended 31 July 2016 to EUR 85.5m in the six-month period ended. (a) Adjustments relating to financial result primarily relate to the handling and financing expenses for letters of credit (which we regularly use in connection with sourcing of merchandise from Asia), which are reclassified as interest expense. These financial expenses are shown as other operating expenses in our consolidated income statements. (b) Extraordinary store expenses mainly consist of allocations to and reversal of provisions for potential future losses of non-performing stores. These stores are actively monitored for potential restructurings (such as early termination of leases, subletting etc.). In our consolidated income statement, these costs are reflected in other operating expenses. This item is shown as Normalized expenses for store restructuring in our consolidated financial statements. (c) Losses (gains) arising on revaluation of inventories reflect gains or losses arising from the revaluation of our inventories and resulting provisions. Management makes this adjustment in monitoring the performance of the business because it has no cash impact and does not affect actual sourcing costs, and therefore management believes including this adjustment gives a better view of the operating performance of and cash flow generation by the business. In addition, we currently report our financial performance to our existing investors with this adjustment and management therefore believes that this is a metric that investors find useful in assessing the performance of the business. (d) Other non-operating loss (profit) includes other items of a non-recurring nature, as well as unrealized foreign currency exchange gains or losses. [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 11 of 42] Business performance for the period from 1 May 2017 to and for the period from 1 February 2017 to 11

12 1.2 Financial position and net assets Assets of the balance sheet in EUR k 31 Jan 2017 Property, plant and equipment 121, ,402 Intangible assets goodwill 891, ,130 Intangible assets other 194, ,595 Other non-current assets 11,910 13,103 Inventories 182, ,940 Cash and short-term deposits 60,271 31,272 Other current assets 12,808 19,340 Total assets 1,475,481 1,449,782 The total assets as of were EUR 1,475.5m compared to EUR 1,449.8m as of 31 January The cash and short-term deposits increased by EUR 29.0m from EUR 31.3m as of 31 January 2017 to EUR 60.3m as of. Our inventories increased by EUR 16.6m from EUR 165.9m as of 31 January 2017 to EUR 182.5m as of. Equity and liabilities in EUR k 31 Jan 2017 Total equity (69,651) (47,318) Subordinated shareholder loans 653, ,641 Non-current bank liabilities and senior secured notes 518, ,986 Other non-current liabilities 109, ,685 Current bank liabilities and senior secured notes 12,800 12,813 Other current liabilities 251, ,975 Total equity and liabilities 1,475,481 1,449,782 The subordinated shareholder loans increased by EUR 23.6m from EUR 629.6m as of 31 January 2017 to EUR 653.2m as of, mainly as a result of accrued interests. The current bank liabilities and senior secured notes remained unchanged at EUR 12.8m as of 31 January 2017 and as of. As of 31 July 2017, no cash was drawn under the revolving facility. 12 [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 12 of 42] Business performance for the period from 1 May 2017 to and for the period from 1 February 2017 to

13 Cash flow in EUR k Cash and cash equivalents at the beginning of the period 28,051 24,968 31,172 20,449 Net cash from operating activities 52,121 53,927 67,055 79,422 Net cash used in investing activities (3,142) (2,232) (5,820) (4,370) Net cash used in financing activities (16,757) (47,102) (32,222) (65,917) Net decrease / increase in cash and cash equivalents 32,221 4,593 29,013 9,135 Change in cash and cash equivalents due to exchange differences (1) 50 (14) 27 Cash and cash equivalents at the end of the period 60,271 29,611 60,271 29,611 1 May 2017 to Net cash from operating activities decreased to EUR 52.1m in the three-month period ended compared to EUR 53.9m in the three-month period ended. Comparing the three-month periods ended and 2016, the development of net cash from operating activities was impacted by opposing effects. The positive development of profit before taxes was offset by a change of the working capital position attributable to a higher increase of inventories and higher payments of income taxes in the three-month period ended. The net cash used in investing activities changed from EUR 2.2m in the three-month period ended to EUR 3.1m in the three-month period ended. Capital expenditures in an amount of EUR 0.8m in the three-month period ended and EUR 0.7m in the three-month period ended related to new store openings. The net cash used in financing activities of EUR 47.1m in the three-month period ended changed to net cash from financing activities of EUR 16.8m in the three-month period ended. As a consequence of the lower drawdown of the RCF, the development of net cash from financing activities was primarily affected by the lower repayment of the revolving facility of EUR 10.0m in the three-month period ended 31 July 2017 (as compared to EUR 40.0m in the three-month period ended ). [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 13 of 42] Business performance for the period from 1 May 2017 to and for the period from 1 February 2017 to 13

14 1 February 2017 to Net cash from operating activities decreased to EUR 67.1m in the six-month period ended compared to EUR 79.4m in the six-month period ended. Comparing the six-month periods ended and 2016, the development of net cash from operating activities was impacted by opposing effects. The positive development of profit before taxes was offset by a change of the working capital position attributable to a higher decrease of payables and payments of income taxes in the six-month period ended. The net cash used in investing activities changed from EUR 4.4m in the six-month period ended to EUR 5.8m in the six-month period ended. Capital expenditures in an amount of EUR 1.8m in the six-month period ended and EUR 1.8m in the six-month period ended related to new store openings. The net cash from financing activities of negative EUR 65.9m in the six-month period ended improved to net cash from financing activities of negative EUR 32.2m in the six-month period ended. The development of net cash from financing activities was primarily affected by lower drawdowns of the RCF as well as the lower repayment of the revolving facility in the six-month period ended (as compared to EUR 32.9m in the six-month period ended ). 14 [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 14 of 42] Business performance for the period from 1 May 2017 to and for the period from 1 February 2017 to

15 2. Report on opportunities and risks For a detailed description of opportunities and risks in the Takko Group, please refer to the report on opportunities and risks in the Annual Report for fiscal year 2016 / 2017, as well as the offering memorandum dated 22 March Effective from 17 August 2017 lenders under our Senior Facilities Agreement (SFA) holding commitments aggregating EUR 235.0m have extended the availability of those commitments to 5 January The terms of the SFA remain the same in all material respects, except for the addition of a senior secured net leverage covenant (relating to indebtedness outstanding under the SFA). Based on the Group s performance in the last 22 months, the management is confident that the further extension of the SFA and a refinancing of the Notes, that will mature on 15 April 2019, can successfully be completed ahead of the respective maturities and that the Group will continue to operate as a going concern. Takko Holding GmbH has received a claim related to the Accord on Fire and Building Safety in Bangladesh (the Accord), which was initiated in May 2013, as an agreement between global brands and retailers and two global unions and which is designed to improve the safety of working conditions in the textile industry in Bangladesh. Takko Holding GmbH signed the Accord in August The unions that are parties to the Accord now allege delays of Takko Holding GmbH in the so called Corrective Action Plans, designed to remediate safety issues in production facilities in Bangladesh. This claim was initially not confirmed by the steering committee of the Accord. As a consequence, the unions initiated arbitration proceedings against Takko Holding GmbH as well as, separately, against another retailer. In accordance with legal advisors of Takko Holding GmbH, there are good (legal) arguments to defend Takko Holding GmbH against this claim and minimize the financial exposure, although the outcome of the claim is, by nature, uncertain. However, in the scenario that the unions are successful in arbitration proceedings, the amount of the potential liabilities is unclear and could be significant. In this context a provision for legal advice in the amount of EUR 1.7m is included in the financial statements as of. Luxembourg, 26 September 2017 The management Thierry Jacob Class A manager Gérard Maîtrejean Class B manager [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 15 of 42] Report on opportunities and risks 15

16 UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 16 of 42]

17 Table of contents 18 Interim condensed consolidated income statement (unaudited) 19 Interim condensed consolidated statement of comprehensive income (unaudited) 20 Interim condensed consolidated balance sheet (unaudited) 22 Interim condensed consolidated statement of changes in equity (unaudited) 24 Interim condensed consolidated statement of cash flows (unaudited) 26 Notes to the interim condensed consolidated financial statements (unaudited) Basis of preparation of the interim condensed consolidated financial statements General accounting policies Seasonal influences 28 Notes to the income statement Net revenue Personnel expenses Other operating expenses Financial result 30 Income taxes 30 Notes to the balance sheet Inventories Other provisions Financial instruments 34 Related party disclosures 35 Segment reporting 41 Events during the interim period 41 Events after balance sheet date 42 Legal notice [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 17 of 42] Table of contents 17

18 Interim condensed consolidated income statement (unaudited) For the period from 1 May 2017 to and for the period from 1 February 2017 to (Comparative periods from 1 May 2016 to and from 1 February 2016 to ) unaudited in EUR k Note Net revenue , , , ,766 Cost of materials (116,201) (116,106) (205,120) (205,488) Gross profit 188, , , ,278 Other operating income 2,948 2,990 5,813 4,774 Personnel expenses 4.2 (60,973) (62,412) (120,233) (120,890) Lease payments incl. costs for services (47,285) (52,095) (95,304) (100,970) Marketing expenses (5,735) (7,513) (13,940) (18,643) Other operating expenses 4.3 (20,167) (16,484) (36,827) (33,483) Depreciation, amortization and impairment of property, plant and equipment, and intangible assets (12,552) (11,094) (20,930) (19,386) Operating result 44,459 34,209 58,864 47,680 Finance costs 4.4 (26,906) (27,523) (53,585) (55,791) Finance income 4.4 (692) (882) Financial result (27,598) (28,405) (53,481) (55,478) Profit /(loss) for the period from ordinary operations 16,861 5,804 5,383 (7,798) Profit / (loss) before taxes 16,861 5,804 5,383 (7,798) Income taxes 5.0 (12,604) (7,835) (15,620) (10,793) Profit / (loss) for the period 4,257 (2,031) (10,237) (18,591) 18 [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 18 of 42] Interim condensed consolidated income statement (unaudited)

19 Interim condensed consolidated statement of comprehensive income (unaudited) For the period from 1 May 2017 to and for the period from 1 February 2017 to (Comparative periods from 1 May 2016 to and from 1 February 2016 to ) in EUR k Profit / (loss) for the period 4,257 (2,031) (10,237) (18,591) Elements of other comprehensive income: To be reclassified to profit or loss in subsequent periods: Exchange differences (44) 450 Cash flow hedges (net of taxes) (8,838) 5,296 (12,052) (1,994) Other comprehensive (loss)/ income to be reclassified to profit or loss in subsequent periods (8,783) 5,660 (12,096) (1,544) OCI (1), net of income taxes (8,783) 5,660 (12,096) (1,544) Total comprehensive income (total CI (2) ) (4,526) 3,629 (22,333) (20,135) (1) OCI = other comprehensive income (2) CI = comprehensive income [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 19 of 42] Interim condensed consolidated statement of comprehensive income (unaudited) 19

20 Interim condensed consolidated balance sheet (unaudited) As of in EUR k Note (unaudited) (audited) 31 Jan 2017 ASSETS Non-current assets Property, plant and equipment 121, ,402 Intangible assets goodwill 891, ,130 Intangible assets other 194, ,595 Other financial assets 6.3 5,881 6,150 Derivative financial instruments 0 1,043 Deferred taxes 6,029 5,910 Total non-current assets 1,219,940 1,233,230 Current assets Inventories , ,940 Trade receivables Other assets 10,942 7,911 Other financial assets 1,669 1,354 Derivative financial instruments ,545 Cash and short-term deposits 60,271 31,272 Total current assets 255, ,552 Total assets 1,475,481 1,449, [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 20 of 42] Interim condensed consolidated balance sheet (unaudited)

21 Interim condensed consolidated balance sheet (continued) in EUR k Note (unaudited) (audited) 31 Jan 2017 EQUITY Subscribed capital 99,298 99,298 Capital reserves 396, ,842 Net other comprehensive income (11,338) 758 Retained earnings (554,453) (544,216) Total equity (69,651) (47,318) LIABILITIES Non-current liabilities Senior secured notes 518, ,986 Subordinated shareholder loans 653, ,641 Financial liabilities from finance leases 22,661 23,721 Provisions for pensions and similar obligations 2,494 2,494 Other provisions 21,935 21,766 Derivative financial instruments 6.3 4,993 3,835 Deferred taxes 57,337 55,869 Total non-current liabilities 1,281,216 1,254,312 Current liabilities Senior secured notes 11,452 11,479 Liabilities to banks 1,348 1,334 Financial liabilities from finance leases 7,979 8,671 Other provisions 6.2 8,709 8,081 Trade payables 145, ,918 Other liabilities 47,261 45,092 Other financial liabilities 7,404 9,892 Derivative financial instruments ,314 3,541 Income tax liabilities 17,571 14,780 Total current liabilities 263, ,788 Total equity and liabilities 1,475,481 1,449,782 [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 21 of 42] Interim condensed consolidated balance sheet (continued) 21

22 Interim condensed consolidated statement of changes in equity (unaudited) For the period from 1 February 2016 to : in EUR k Subscribed capital Capital reserves Other comprehensive income / loss Retained earnings Total equity As of 1 Feb , ,842 (2,770) (489,487) 3,883 Exchange differences Loss for the period (18,591) (18,591) Movement on cash flow hedges (net of taxes) (1,994) (1,994) Total comprehensive income (1,544) (18,591) (20,135) As of (unaudited) 99, ,842 (4,314) (508,078) (16,252) 22 [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 22 of 42] Interim condensed consolidated statement of changes in equity (unaudited)

23 Interim condensed consolidated statement of changes in equity (continued) For the period from 1 February 2017 to : in EUR k Subscribed capital Capital reserves Other comprehensive income / loss Retained earnings Total equity As of 1 Feb , , (544,216) (47,318) Exchange differences (44) (44) Loss for the period (10,237) (10,237) Movement on cash flow hedges (net of taxes) (12,052) (12,052) Total comprehensive income (12,096) (10,237) (22,333) As of (unaudited) 99, ,842 (11,338) (554,453) (69,651) [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 23 of 42] Interim condensed consolidated statement of changes in equity (continued) 23

24 Interim condensed consolidated statement of cash flows (unaudited) For the period from 1 May 2017 to and for the period from 1 February 2017 to (Comparative periods from 1 May 2016 to and from 1 February 2016 to ) in EUR k Operating activities Profit /(loss) before taxes 16,861 5,804 5,383 (7,798) Adjustments to reconcile profit or loss before taxes to net cash flows Depreciation, amortization and impairment of property, plant and equipment, and intangible assets 12,552 11,094 20,930 19,386 Finance income (104) (313) Finance costs 26,906 27,523 53,585 55,791 Gain or loss on the disposal of non-current assets 160 (650) 514 (368) Change in provisions and pension provisions 1, (172) (970) Change in other positions (863) (668) (1,582) (1,457) Working capital adjustments Change in trade and other receivables (436) (1,163) (2,886) (922) Change in inventories (7,996) (1,167) (16,401) (10,036) Change in trade and other payables 7,941 12,552 13,985 27,065 Income taxes paid (5,555) (517) (6,197) (956) Net cash from operating activities 52,121 53,927 67,055 79, [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 24 of 42] Interim condensed consolidated statement of cash flows (unaudited)

25 Interim condensed consolidated statement of cash flows (continued) For the period from 1 May 2017 to and for the period from 1 February 2017 to (Comparative periods from 1 May 2016 to and from 1 February 2016 to ) in EUR k Investing activities Purchase of property, plant and equipment (2,888) (1,943) (5,300) (3,516) Purchase of intangible assets (257) (278) (530) (863) Interest received 3 (11) 10 9 Net cash used in investing activities (3,142) (2,232) (5,820) (4,370) Financing activities Payment of finance leases (3,024) (3,432) (5,981) (6,652) Payments for financial instruments (511) (514) (1,032) (1,026) (Repayment of) / proceeds from loans (10,000) (40,000) 0 (32,901) Interest paid (3,222) (3,156) (25,209) (25,338) Net cash from financing activities (16,757) (47,102) (32,222) (65,917) Net (decrease) / increase in cash and cash equivalents 32,221 4,593 29,013 9,135 Cash and cash equivalents at the beginning of the period 28,051 24,968 31,272 20,449 Change in cash and cash equivalents due to exchange differences (1) 50 (14) 27 Cash and cash equivalents as of 31 July 60,271 29,611 60,271 29,611 [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 25 of 42] Interim condensed consolidated statement of cash flows (continued) 25

26 Notes to the interim condensed consolidated financial statements (unaudited) 1. Basis of preparation of the interim condensed consolidated financial statements Information on the company Takko Fashion S.à r.l., Luxembourg, is a limited liability company with its registered office in Luxembourg, 1-3, Boulevard de la Foire. The company is registered in the Registre de Commerce et des Sociétés Luxembourg under note B The interim condensed consolidated financial statements of Takko Fashion S.à r.l. relate to the period from 1 May to as well as to the period from 1 February to. Comparative information is included. On 8 February 2011, Takko Fashion S.à r.l. acquired the Takko Group and the new group commenced operating activities on this date. The consolidated financial statements of Takko Fashion S.à r.l. were authorized for issue by board of management resolution on 23 May The Takko Group (Takko Fashion S.à r.l. and its directly and indirectly held subsidiaries) is a European apparel retail group operating about 1,850 stores across 16 countries in Western, Central and Eastern Europe. The Takko Group offers a wide range of own label apparel and accessories for the whole family, primarily targeting price-conscious customers. The home market of the Takko Group is Germany, where almost 60 % of the stores are located. The Group also has a large presence in 15 other European markets, including Austria, Switzerland, the Netherlands, Belgium, the Czech Republic, Hungary, Romania, Poland, Slovakia, Slovenia, Lithuania, Estonia, Croatia, Italy and Serbia. Takko Fashion S.à r.l., Luxembourg, is the parent which prepares the consolidated financial statements. Ultimate parent of Takko Fashion S.à r.l. is Salsa Retail Holding TopCo S.à r.l., Luxembourg. The Group interim condensed consolidated financial statements as of were not subject to an audit. Consolidated Group The interim condensed consolidated financial statements of Takko Fashion S.à r.l. include all German and foreign subsidiaries which Takko Fashion S.à r.l. directly or indirectly controls. In accordance with IFRS 10, control is the power over an investee, exposure (or rights) to variable returns from the involvement with the investee, and the ability to use the power over the investee to affect the amount of Takko Fashion S.à r.l. s return. A subsidiary is included in the interim condensed consolidated financial statements as of the date on which control over the subsidiary is transferred to Takko Fashion S.à r.l. All direct and indirect subsidiaries of Takko Fashion S.à r.l. are wholly-owned. All subsidiaries are fully consolidated. In addition to Takko Fashion S.à r.l. as the parent company, the interim condensed consolidated financial statements as of include 31 entities and one Joint Venture. In the interim period from 1 February 2017 until, a new company was established in France effective of 2 May [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 26 of 42] Basis of preparation of the interim condensed consolidated financial statements

27 2. General accounting policies The interim condensed consolidated financial statements for the three- and six-month periods ended 31 July 2017 have been prepared in accordance with IAS 34, as adopted by the EU. The interim condensed consolidated financial statements do not include all the information and disclosures required in the annual financial statements, and should be read in conjunction with the audited Group consolidated financial statements as of 31 January The accounting policies adopted in the preparation of the interim condensed consolidated financial statements are consistent with those followed in the preparation of the Group consolidated financial statements for the year ended 31 January With respect to revised, amended or new standards and interpretations that have been issued by the IASB and IFRIC until the authorization date of these Group interim condensed consolidated financial statements and which have not been applied yet, reference is made to note 2.5 in the Group consolidated financial statements as of 31 January Seasonal influences The retail apparel industry in which Takko operates is seasonal by nature, and the net revenue and profits of the Takko Group are therefore subject to seasonal fluctuations. Typically Takko s sales are lower in the summer (June to August) and winter (December to February), while sales in the spring (March to May) and fall (September to November) are higher. Any factors that harm Takko s operating results in the spring or fall, including unfavorable weather and economic conditions, would have an adverse effect on Takko s financial condition and results of operations for the entire fiscal year. [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 27 of 42] General accounting policies / Seasonal influences 27

28 4. Notes to the income statement 4.1 Net revenue in EUR k Net revenue from the sale of goods 304, , , ,327 Net revenue from the delivery of goods to the Joint Venture in Russia , , , , ,766 Net revenue from the sale of goods comprises the sale of apparel in the Group s retail stores and since April 2016 through the online shop. 4.2 Personnel expenses in EUR k Wages and salaries 50,331 52,011 99, ,389 Social security costs 10,642 10,401 20,666 20,501 60,973 62, , , Other operating expenses in EUR k Logistics services 4,288 3,893 8,493 8,198 IT and telephone costs 2,218 1,794 4,091 4,314 Personnel leasing 2,033 1,537 3,884 3,206 Expenses for maintenance / renovation 1,926 1,459 3,289 2,895 Consulting fees 1,849 1,040 3,113 2,253 Bank charges and fees 1,584 1,534 2,987 2,876 Incidental personnel expenses 1,454 1,383 2,831 2,830 Fees for letters of credit 1,363 1,570 2,714 2,946 Contributions, fees and dues ,774 1,639 Business car expenses ,352 1,278 Travel expenses ,228 1,303 Brokerage commission Miscellaneous 1,250 (142) 1,070 (517) 20,167 16,484 36,827 33, [1.1] [Takko Unaudited Notes Interim to the Report income FY statement Q2.pdf] [Page 28 of 42]

29 4.4 Financial result in EUR k Financial result Shareholder loans (12,142) (12,196) (23,546) (25,078) Fixed rate notes (9,381) (9,381) (18,764) (18,764) Floating rate notes (2,471) (2,499) (4,862) (4,978) Accumulating interest of liabilities and provisions (1,180) (997) (1,978) (1,983) Effects from amortized costs (899) (819) (1,770) (1,616) Finance leases (554) (596) (1,121) (1,169) Interest rate hedges (465) (441) (914) (838) Revolving facility (330) (397) (627) (921) Derivatives valuation (224) (1,114) 0 (216) Interest income from bank balances /deposits Other financial result (27,598) (28,405) (53,481) (55,478) [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 29 of 42] Notes to the income statement 29

30 5. Income taxes in EUR k Current income tax expense (7,057) (5,904) (9,072) (8,127) Deferred income tax expense related to the origination and reversal of temporary differences (5,546) (1,931) (6,547) (2,666) Income tax expense recognized in the statement of profit or loss (12,604) (7,835) (15,620) (10,793) Deferred taxes recognized in other comprehensive income from the revaluation of cash flow hedges 3,801 (2,273) 5, Total income taxes (8,803) (10,108) (10,405) (9,911) 6. Notes to the balance sheet 6.1 Inventories The carrying amounts of inventories break down as follows: in EUR k 31 Jan 2017 Merchandise 139, ,197 Goods in transit 42,168 43,343 Raw materials, consumables, and supplies , ,940 Inventories primarily comprise merchandise and goods in transit. Consumables and supplies mainly relate to sales aids. Cost of materials from operational changes to inventories includes the write-down of merchandise. Merchandise was written down by EUR 6,412k (the six-month period ended EUR 8,680k) to the lower net realizable value. The carrying amount of inventories, written down to the lower realizable value, is EUR 7,563k (the six-month period ended EUR 11,549k). 30 [1.1] [Takko Unaudited Income Interim taxes Report / Notes FY to the balance Q2.pdf] sheet [Page 30 of 42]

31 6.2 Other provisions Takko Holding GmbH has received a claim related to the Accord on Fire and Building Safety in Bangladesh (the Accord), which was initiated in May 2013, as an agreement between global brands and retailers and two global unions and which is designed to improve the safety of working conditions in the textile industry in Bangladesh. Takko Holding GmbH signed the Accord in August The unions that are parties to the Accord now allege delays of Takko Holding GmbH in the so called Corrective Action Plans, designed to remediate safety issues in production facilities in Bangladesh. This claim was initially not confirmed by the steering committee of the Accord. As a consequence the unions initiated arbitration proceedings against Takko Holding GmbH as well as, separately, against another retailer. In accordance with legal advisors of Takko Holding GmbH, there are good (legal) arguments to defend Takko Holding GmbH against this claim and minimize the financial exposure, although the outcome of the claim is, by nature, uncertain. However, in the scenario that the unions are successful in arbitration proceedings, the amount of the potential liabilities is unclear and could be significant. In this context a provision for legal advice in the amount of EUR 1.7m is included in the financial statements as of. 6.3 Financial instruments The Group uses the following hierarchy for determining and disclosing the fair value of financial instruments by valuation technique: Level 1: quoted (unadjusted) prices in active markets for identical assets and liabilities Level 2: other techniques for which all inputs which have a significant effect on the recorded fair value are observable, either directly or indirectly Level 3: techniques which use inputs which have a significant effect on the recorded fair value that are not based on observable market data The Group classifies interest rate swaps and foreign exchange forward contracts exclusively as financial instruments measured at fair value and belonging to Level 2. The following table shows which financial instruments belong to which class as well as the categories pursuant to IAS 39. The fair value of each financial instrument as of the balance sheet date is also disclosed. [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 31 of 42] Notes to the balance sheet 31

32 Carrying amount in accordance with IAS January 2017: in EUR k Category Carrying amount Fair value recognized directly in equity Fair value recognized in profit and loss Historical cost / Amortized cost Value pursuant to IAS 17 Fair value Cash and cash equivalents L&R 31,272 31,272 31,272 Trade receivables L&R Other current financial assets L&R 1,354 1,354 1,354 Other non-current financial assets L&R 6,150 6,150 6,150 Derivatives Derivatives not in a hedging relationship* FAHfT 3,635 3,635 3,635 Derivatives in a hedging relationship* n / a 6,953 6,953 6,953 Trade payables ol 139, , ,918 Current interest-bearing loans ol 12,813 12,813 12,813 Non-current interest-bearing loans* ol 1,146,627 1,146,627 1,052,889 Finance leases current n / a 8,671 8,671 8,671 Finance leases non-current n / a 23,721 23,721 23,721 Other financial liabilities ol 9,892 9,892 9,892 Derivatives Derivatives not in a hedging relationship* FLHfT Derivatives in a hedging relationship* n / a 7,334 7,334 7,334 Value per category Financial assets held for trading* FAHfT 3, , ,635 Financial liabilities held for trading* FLHfT Loans & receivables L&R 39, , ,306 Other liabilities* ol 1,309, ,309, ,215,512 * Certain amounts shown in this table do not correspond to the table as disclosed in 2017 financial statements and reflect disclosure corrections made. In the consolidated financial statements as of 31 January 2017 a clearly specified editorial error has crept into the table resulting in certain incorrect disclosure amounts, with no impact on consolidated income statement, consolidated statement of comprehensive income, consolidated balance sheet, consolidated statement of changes on equity, consolidated statement of cash flows and other notes to the consolidated financial statements. 32 [1.1] [Takko Unaudited Notes Interim to the Report balance FY sheet Q2.pdf] [Page 32 of 42]

33 Carrying amount in accordance with IAS 39 : in EUR k Category Carrying amount Fair value recognized directly in equity Fair value recognized in profit and loss Historical cost / Amortized cost Value pursuant to IAS 17 Fair value Cash and cash equivalents L&R 60,271 60,271 60,271 Trade receivables L&R Other current financial assets L&R 1,669 1,669 1,669 Other non-current financial assets L&R 5,881 5,881 5,881 Derivatives Derivatives not in a hedging relationship FAHfT Derivatives in a hedging relationship n / a Trade payables ol 145, , ,878 Current interest-bearing loans ol 12,800 12,800 12,800 Non-current interest-bearing loans ol 1,171,796 1,171,796 1,142,484 Finance leases current n / a 7,979 7,979 7,979 Finance leases non-current n / a 22,661 22,661 22,661 Other financial liabilities ol 7,404 7,404 7,404 Derivatives Derivatives not in a hedging relationship FLHfT 4,176 4,176 4,176 Derivatives in a hedging relationship n / a 17,131 17,131 17,131 Value per category Financial assets held for trading FAHfT Financial liabilities held for trading FLHfT 4, , ,176 Loans & receivables L&R 68, , ,014 Other liabilities ol 1,337, ,337, ,308,566 [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 33 of 42] Notes to the balance sheet 33

34 7. Related party disclosures Transactions with related parties in the period from 1 February 2017 to are based on the following: As of 8 February 2011, Salsa Retail Holding MidCo S.à r.l., Luxembourg, granted a portfolio of shareholder loans amounting to a total of EUR 258m to Takko Fashion S.à r.l. at arm s length. The portfolio of shareholder loans consists of EUR 158m preferred equity certificates (PECs) bearing interest at the rate of % per annum, EUR 74m PECs bearing interest at the rate of 0.5 % per annum and EUR 26m yield-free PECs. As of 31 October 2011, Salsa Retail Holding MidCo S.à r.l., Luxembourg, granted an additional shareholder loan amounting to EUR 10m to Takko Fashion S.à r.l. at arm s length. This shareholder loan was increased by a further amount of EUR 50m as of 27 January 2012, so that a total of additional shareholder loans of EUR 60m was granted in fiscal year 2011 / 2012, bearing interest at the rate of % per annum. As of 3 April 2013, Salsa Retail Holding MidCo S.à r.l., Luxembourg, granted an additional shareholder loan amounting to EUR 100m to Takko Fashion S.à r.l. at the rate of % per annum. Furthermore, the shareholder provided Takko Fashion S.à r.l. with a credit facility of EUR 1.7m, which has been drawn as of with EUR 0.7m. As of, the loans to Salsa Retail Holding MidCo S.à r.l., including capitalized and accrued interest, amounted to EUR 653.2m (31 January 2017: EUR 629.6m). Granting equity instruments to the Takko Group s key management personnel In fiscal year 2014 / 2015, Salsa Retail Holding TopCo S.à r.l. offered a performance bonus to key management personnel which is based on future EBITDA and net indebtedness, and will be paid only in certain change of control or leaver events, such as the sale or going public of the Takko Group. The above-mentioned bonus program is governed by IAS 19 and does not fall within the scope of IFRS [1.1] [Takko Unaudited Related Interim party Report disclosures FY Q2.pdf] [Page 34 of 42]

35 8. Segment reporting For management purposes, the Takko Group is divided into geographical operating segments, as the business is managed at country level respectively at the level of country groups. For segment reporting purposes, the countries were split into three regions: Germany, Western and Central Europe (the Benelux countries, Austria, Switzerland and Italy), and Eastern Europe (Hungary, Romania, Poland, Slovenia, Croatia, Estonia, Lithuania, the Czech Republic, Slovakia and Serbia). The non-operating entities and the consolidations that are set to be performed at group level are shown in a reconciliation column. Intersegment sales are made at arm s length. Our current shareholders and management use EBITDA and in particular adjusted EBITDA for internal management and performance monitoring purposes and as an indicator of the sustainable profitability of our operating segments. Adjusted EBITDA is a Takko specific measure. This is a non-ifrs measure and may not be comparable to similarly-titled measures by other companies. We define adjusted EBITDA as profit or loss before taxes plus financial result as well as depreciation, amortization and impairment of property, plant and equipment, and intangible assets, adjusted for extraordinary effects, inventory revaluations and reclassifications. Please note that some of these items, such as adjustments relating to financial result, provisions for losses of non-performing stores, losses / gains on revaluation of inventories, may be of a recurring nature. [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 35 of 42] Segment reporting 35

36 Operating segments by region (1 May 2016 to ) in EUR k Germany Western and Central Europe Eastern Europe Reconciliation Total External revenue (incl. VAT) 228,022 58,142 69, ,736 External net revenue 191,047 48,547 57, ,923 Internal net revenue 36, (36,479) 0 Total net revenue 227,526 48,547 57,329 (36,479) 296,923 Adj. EBITDA 35,355 5,688 9, ,522 Investments 1, ,221 Inventories 140,133 13,915 20, ,819 Reconciliation to the operating result for the period from 1 May 2016 to in EUR k Adj. EBITDA 51,522 Normalized expenses for store restructuring (1,262) Revaluation of inventories (3,489) Other non-operating profit or loss 183 Amortization and depreciation (11,094) Adjustments relating to financial results (1,651) Adjusted financial result (28,405) EBT 5, [1.1] [Takko Unaudited Segment Interim reporting Report FY Q2.pdf] [Page 36 of 42]

37 Operating segments by region (1 May 2017 to ) in EUR k Germany Western and Central Europe Eastern Europe Reconciliation Total External revenue (incl. VAT) 232,531 59,498 71, ,905 External net revenue 195,385 49,949 59, ,424 Internal net revenue 40,587 (10) (10) (40,567) 0 Total net revenue 235,972 49,939 59,080 (40,567) 304,424 Adj. EBITDA 41,378 7,892 12,177 (432) 61,015 Investments 2, ,145 Inventories 146,967 14,141 21, ,462 Reconciliation to the operating result for the period from 1 May 2017 to in EUR k Adj. EBITDA 61,015 Normalized expenses for store restructuring (427) Revaluation of inventories (1,777) Other non-operating profit or loss (307) Amortization and depreciation (12,552) Adjustments relating to financial results (1,493) Adjusted financial result (27,598) EBT 16,861 [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 37 of 42] Segment reporting 37

38 Operating segments by region (1 February 2016 to ) in EUR k Germany Western and Central Europe Eastern Europe Reconciliation Total External revenue (incl. VAT) 415, , , ,028 External net revenue 348,616 87, , ,766 Internal net revenue 85, (85,130) 0 Total net revenue 433,746 87, ,773 (85,130) 541,766 Adj. EBITDA 54,939 6,678 14,272 (857) 75,032 Investments 3, ,379 Inventories 140,133 13,915 20, ,819 Reconciliation to the operating result for the period from 1 February 2016 to in EUR k Adj. EBITDA 75,032 Normalized expenses for store restructuring (429) Revaluation of inventories (4,166) Other non-operating profit or loss (220) Amortization and depreciation (19,386) Adjustments relating to financial result (3,151) Adjusted financial result (55,478) EBT (7,798) 38 [1.1] [Takko Unaudited Segment Interim reporting Report FY Q2.pdf] [Page 38 of 42]

39 Operating segments by region (1 February 2017 to ) in EUR k Germany Western and Central Europe Eastern Europe Reconciliation Total External revenue (incl. VAT) 416, , , ,050 External net revenue 349,893 88, , ,405 Internal net revenue 87, (87,568) 0 Total net revenue 437,430 88, ,982 (87,568) 545,405 Adj. EBITDA 59,471 9,010 17,305 (257) 85,523 Investments 4, ,830 Inventories 146,967 14,141 21, ,462 Reconciliation to the operating result for the period from 1 February 2017 to in EUR k Adj. EBITDA 85,523 Normalized expenses for store restructuring 594 Revaluation of inventories (3,180) Other non-operating profit or loss (211) Amortization and depreciation (20,930) Adjustments relating to financial result (2,932) Adjusted financial result (53,481) EBT 5,383 Amortization and depreciation includes an impairment of intangible assets in an amount of EUR 3.5m as a result of the cancellation of a project to implement a tool for the merchandise planning and allocation process. [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 39 of 42] Segment reporting 39

40 Inventories are presented on a consolidated basis. As Takko only operates in one area, the apparel retail market, net revenue by product falls into the product categories Clothing and Other. The category Other mainly comprises accessories, concession goods as well as the wholesale business with our former Joint Venture partner in Russia in the prior year. No revenue is generated in Luxembourg (registered office of the group parent) and there are also no significant non-current assets (intangible assets and property, plant and equipment). External net revenue by product breaks down as follows: 1 May 2016 to in EUR k Clothing Other Group External net revenue 281,984 14, ,923 1 May 2017 to in EUR k Clothing Other Group External net revenue 288,192 16, ,424 1 February 2016 to in EUR k Clothing Other Group External net revenue 514,398 27, ,766 1 February 2017 to in EUR k Clothing Other Group External net revenue 516,033 29, , [1.1] [Takko Unaudited Segment Interim reporting Report FY Q2.pdf] [Page 40 of 42]

41 9. Events during the interim period Takko founded a new company in France effective of 2 May Events after balance sheet date A vendor loan agreement (VLA) is currently between Takko s indirect holding companies, Salsa Retail Holding Midco S.à r.l. as the borrower (Midco), Midco s direct parent Salsa Retail Holding Topco S.à r.l. as the shareholder, and Advent Vision Two S.à r.l. as the lender. The VLA is secured by the related pledge agreement dated 8 February 2011 (the VLA Pledge), whereby Midco provided security to the VLA lender for Midco s VLA obligations. Advent Vision Two S.à r.l. as VLA lender has agreed to sell all of its rights and obligations under the VLA and under the VLA Pledge to Salsa Guernsey Acquisition L.P., an affiliate of funds advised by Apax Partners. Effective from 17 August 2017 lenders under our Senior Facilities Agreement holding commitments aggregating EUR 235,000,000 have extended the availability of those commitments to 5 January The terms of the Senior Facilities Agreement remain the same in all material respects, except for the addition of a senior secured net leverage covenant (relating to indebtedness outstanding under the Senior Facilities Agreement). Based on the Group s performance in the last 22 months, the management is confident that the further extension of the SFA and a refinancing of the Notes, that will mature on 15 April 2019 can successfully be completed ahead of the respective maturities and that the Group will continue to operate as a going concern. Luxembourg, 26 September 2017 The management Thierry Jacob Class A manager Gérard Maîtrejean Class B manager [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 41 of 42] Events during the interim period / Events after balance sheet date 41

42 Legal notice Contact Takko Fashion S.à r.l. c / o Takko Holding GmbH Alfred-Krupp-Str Telgte Tel +49 (0) 2504 / Fax +49 (0) 2504 / info@takko.de Web Press and Public Relations Tel +49 (0) 2504 / presse@takko.de Investor Relations Investor.relations@takko-fashion.com Design Cyrano Kommunikation GmbH, Münster [1.1] [Takko Unaudited Interim Report FY Q2.pdf] [Page 42 of 42] 42

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