Dear Madam, Dear Sir, Dear Investor,

Following the success of our IPO on Euronext Growth^® Paris, we are proud and excited to tell you about Spartoo, one of the leading online retailers for fashion items in Europe.

We are convinced that this stock market listing will enable us to accelerate our sustainable growth strategy, founded since 2006 on transparency, independence and societal impact, strong features of our corporate culture shared by our 410 employees of 26 nationalities.

With the new financial resources we have obtained, we will strengthen our product range, raise our profile through advertising, and further build up our B2B service offering.

This fundraising will enable us to achieve our clearly established strategic objectives and bolster our position as a leading player in online footwear and fashion retailing, a fast-growing sector in which customers are increasingly demanding in terms of service quality and exclusivity.

Spartoo meets those demands very effectively, as shown by our Trustpilot rating, among the highest in the industry, and by the uninterrupted growth in our net GMV¹, which has risen by 23% per year on average since 2008.

We are proud of the progress we have made, with the support of all of our staff, since the Group was created 15 years ago. We will continue to capitalize on Spartoo’s recent success while remaining true, more than ever, to our pioneering approach to social commitment and our customer-centric approach: we have one of the largest online fashion ranges in Europe, including a set of exclusive proprietary brands and an advanced phygital experience that helps us generate customer loyalty, as well as extensive in-house control over the e-commerce value chain.

Boris Saragaglia, Spartoo's co-founder, Chairman and Chief Executive Officer

 1 - GMV: Gross Merchandise Value (Total value of goods and services sold including VAT and net of returns