Sachem Head Capital Management Supports Delivery Hero's Proposed Changes to
its Supervisory Board

EQS-News: Sachem Head Capital Management LP / Key word(s):
AGM/EGM/Miscellaneous
Sachem Head Capital Management Supports Delivery Hero's Proposed Changes to
its Supervisory Board

29.04.2024 / 08:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

  * Manages a position of approximately 3.6% percent in Delivery Hero SE
    ("Delivery Hero" or the "Company"), including shares and derivatives

  * Supports Delivery Hero's proposed expansion of its Supervisory Board and
    the Company's proposed nominees to the Supervisory Board

New York, Berlin, April 29, 2024 - The investment firm Sachem Head Capital
Management LP ("Sachem Head"), which manages a position of approximately
3.6% percent in Delivery Hero SE ("Delivery Hero" or "the Company", ISIN
DE000A2E4K43, WKN A2E4K4), including shares and derivatives, supports
Delivery Hero's proposed expansion of its Supervisory Board from six to
eight members (the "Supervisory Board Expansion") and the Company's
nomination of Kristin Skogen Lund, Dr. Martin Enderle, Roger Rabalais, and
Scott Ferguson (the "Nominees") to stand for election to the Supervisory
Board at the Company's upcoming Annual General Meeting ("AGM") in addition
to the four employee representatives which have to be elected at the AGM.
Sachem Head intends to vote its shares in favor of the Supervisory Board
Expansion and each of the Nominees and the four employee representatives at
the AGM.

Scott Ferguson, the founder and portfolio manager of Sachem Head, said: "We
see great promise in the food delivery market and Delivery Hero's strong
competitive positions in highly attractive markets. I look forward to
working with the other members of the Supervisory Board and the Management
Board to help the Company realize its full potential."

About Sachem Head

Sachem Head is an investment manager founded in 2012 by Scott D. Ferguson.
The firm employs a concentrated, value-oriented investment strategy and is
primarily focused on equity investments in North America and Europe.

About Scott Ferguson (CV)

Scott is the managing partner and portfolio manager of Sachem Head Capital
Management, a value-oriented investment management firm based in New York.
Prior to starting Sachem Head in 2012, he spent nine years at Pershing
Square Capital Management, which he joined at its inception in 2003. Prior
to Pershing Square, Scott earned an M.B.A. from Harvard Business School in
2003 and was a vice president at American Industrial Partners, private
equity firm, from 1999 to 2001. Scott was also a business analyst at
McKinsey & Company from 1996 to 1999. Scott graduated from Stanford
University with an A.B. in Public Policy in 1996. He was formerly on the
boards of Olin, Elanco Animal Health, Autodesk and US Foods.

Important Information

This press release has been issued by Sachem Head Capital Management LP
("Sachem Head") in connection with Sachem Head's investment in Delivery Hero
SE ("DHER" or the"Issuer"). The information herein is intended for general
informational purposes only and should not be construed to be legal, tax,
investment, financial or other advice. It does not address the specific
investment objective, financial situation, suitability, or the particular
need of any specific person who may receive this press release, and should
not be taken as advice on the merits of any investment decision. The views
expressed in this press release represent the opinions of Sachem Head and
are based on publicly available information and Sachem Head's internal
research. While the information contained herein has been prepared in good
faith, neither Sachem Head nor any of its directors, managers, employees,
affiliates or shareholders makes any representation or warranty, express or
implied, as to the accuracy, fairness or completeness of the information
contained herein. Any forward-looking statements are based on current plans,
estimates and forecasts which Sachem Head has made to the best of its
knowledge, but which do not make any claim of correctness for the future.
Forward-looking statements are subject to risks and uncertainties that are
difficult to predict and usually cannot be influenced by Sachem Head. It
must be taken into account that the actual events or consequences may be
materially different from those contained in or expressed by such
forward-looking-statements.

Funds managed by Sachem Head currently own, or are attributed to, a
significant amount of the outstanding shares, or derivative instruments
relating to shares, of the Issuer. Sachem Head therefore has a financial
interest in the profitability of the funds managed by Sachem Head.
Accordingly, Sachem Head may have conflicts of interest and this press
release should not be regarded as impartial. Nothing in this press release
should be taken as any indication of Sachem Head's current or future trading
which may change at any time.

Press contact
Charles Barker Corporate Communications
Peter Steiner / Tobias Eberle
Phone: +49 69 794090 -27 / -24
E-Mail: sachem-cb@charlesbarker.de


---------------------------------------------------------------------------

29.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

---------------------------------------------------------------------------

1891187 29.04.2024 CET/CEST