Jumia Technologies AG

Corporate History and Recent Transactions We were incorporated on June 26, 2012 as a limited liability company ( Gesellschaft mit beschr nkter Haftung ) under German law. On December 17 and 18, 2018, our shareholders resolved upon the change of our legal form into a German stock corporation ( Aktiengesellschaft ) and the change of our company name to Jumia Technologies AG. The change of our legal form and company name became effective upon registration with the commercial register ( Handelsregister ) of the local court ( Amtsgericht ) in Berlin, Germany, on January 31, 2019. The legal effect of the conversion on Africa Internet Holding GmbH under German law is limited to the change in the legal form. Africa Internet Holding GmbH was neither dissolved nor wound up, but continues its existence as the same legal entity with a new legal form and name. Our agent for service of process in the United States is Puglisi & Associates, 850 Library Avenue, Suite 204, Newark, Delaware 19711. On April 12, 2019, our ADSs, each representing two of our ordinary shares, commenced trading on the New York Stock Exchange under the symbol JMIA . Concurrently with our initial public offering, Mastercard purchased from us 50.0 million of our ordinary shares in a private placement. We received $280.2 million in net proceeds from our initial public offering and corresponding private placement with Mastercard and issuance of shares to existing shareholders, after deducting underwriting commissions and discounts and the offering expenses payable by us. In December 2020, we completed an equity offering.