Ermenegildo Zegna N.V.

TFI Acquisition. Zegna Initial Shareholders means, collectively, Monterubello, Ermenegildo (Gildo) Zegna and the other shareholders of Zegna immediately prior to the Closing. Zegna Merger Sub means EZ Cayman, a Cayman Islands exempted company. 3 NOTE ON PRESENTATION This document includes the consolidated financial statements of Ermenegildo Zegna N.V. at December 31, 2025 and 2024, and for each of the three years in the period ended December 31, 2025, prepared in accordance with the IFRS Accounting Standards ( IFRS Accounting Standards ) as issued by the International Accounting Standards Board (the IASB ), as well as IFRS Accounting Standards as adopted by the European Union. There is no effect on these consolidated financial statements resulting from differences between IFRS Accounting Standards as issued by the IASB and IFRS Accounting Standards as adopted by the European Union. We refer to these consolidated financial statements collectively as the Consolidated Financial Statements . Basis of Preparation of the Consolidated Financial Statements The Group’s financial information is presented in Euro. In certain instances, information is presented in U.S. Dollars. All references in this document to Euro and refer to the currency introduced at the start of the third stage of European Economic and Monetary Union pursuant to the Treaty on the Functioning of the European Union, as amended, and all references to U.S. Dollars, US$ and $ refer to the currency of the United States of America (the United States ). The language of this document is English.