DGAP Voting Rights Announcement: Zalando SE Zalando SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution 27.09.2021 / 14:48 Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Notification of Major Holdings 1. Details of issuer Name: | Zalando SE | Street: | Valeska-Gert-Straße 5 | Postal code: | 10243 | City: | Berlin Germany | Legal Entity Identifier (LEI): | 529900YRFFGH5AXU4S86 | 2. Reason for notification X | Acquisition/disposal of shares with voting rights | | Acquisition/disposal of instruments | | Change of breakdown of voting rights | | Other reason: | 3. Details of person subject to the notification obligation Legal entity: Morgan Stanley City of registered office, country: Wilmington, Delaware, United States of America (USA) | 4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3. 5. Date on which threshold was crossed or reached:6. Total positions | % of voting rights attached to shares (total of 7.a.) | % of voting rights through instruments (total of 7.b.1 + 7.b.2) | Total of both in % (7.a. + 7.b.) | Total number of voting rights pursuant to Sec. 41 WpHG | New | 3.10 % | 0.80 % | 3.90 % | 261903651 | Previous notification | 2.82 % | 0.81 % | 3.63 % | / | 7. Details on total positions a. Voting rights attached to shares (Sec. 33, 34 WpHG) ISIN | Absolute | In % | | Direct (Sec. 33 WpHG) | Indirect (Sec. 34 WpHG) | Direct (Sec. 33 WpHG) | Indirect (Sec. 34 WpHG) | DE000ZAL1111 | 0 | 8127371 | 0.00 % | 3.10 % | Total | 8127371 | 3.10 % | b.1. Instruments according to Sec. 38 (1) no. 1 WpHG Type of instrument | Expiration or maturity date | Exercise or conversion period | Voting rights absolute | Voting rights in % | Call Option | From 17.12.2021 to 18.03.2022 | at any time | 2100 | 0 % | Right of recall over securities lending agreements | at any time | at any time | 1453087 | 0.55 % | | | Total | 1455187 | 0.56 % | b.2. Instruments according to Sec. 38 (1) no. 2 WpHG Type of instrument | Expiration or maturity date | Exercise or conversion period | Cash or physical settlement | Voting rights absolute | Voting rights in % | Retail Structured Product | From 15.04.2069 to 11.01.2071 | at any time | Cash | 100 | 0 % | Retail Structured Product - Note | 13.10.2023 | at any time | Cash | 1145 | 0 % | Equity Swap | From 11.02.2022 to 20.10.2022 | at any time | Cash | 91552 | 0.03 % | Compound Option | From 07.07.2022 to 09.08.2024 | at any time | Cash | 45188 | 0.02 % | Put Option | From 17.12.2021 to 17.06.2022 | at any time | Physical | 110000 | 0.04 % | Convertible Bond | From 06.08.2025 to 06.08.2027 | at any time | Physical | 388421 | 0.15 % | | | | Total | 636406 | 0.24 % | 8. Information in relation to the person subject to the notification obligation | Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.). | X | Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity: | Name | % of voting rights (if at least 3% or more) | % of voting rights through instruments (if at least 5% or more) | Total of both (if at least 5% or more) | Morgan Stanley | % | % | % | Morgan Stanley Capital Management, LLC | % | % | % | Morgan Stanley Domestic Holdings, Inc. | % | % | % | Morgan Stanley Capital Services LLC | % | % | % | - | % | % | % | Morgan Stanley | % | % | % | Morgan Stanley Capital Management, LLC | % | % | % | Morgan Stanley Domestic Holdings, Inc. | % | % | % | Morgan Stanley & Co. LLC | % | % | % | - | % | % | % | Morgan Stanley | % | % | % | Morgan Stanley International Holdings Inc. | % | % | % | Morgan Stanley International Limited | % | % | % | Morgan Stanley Investments (UK) | % | % | % | Morgan Stanley & Co. International plc | % | % | % | - | % | % | % | Morgan Stanley | % | % | % | Morgan Stanley Capital Management, LLC | % | % | % | Morgan Stanley Domestic Holdings, Inc. | % | % | % | Morgan Stanley & Co. LLC | % | % | % | Prime Dealer Services Corp. | % | % | % | - | % | % | % | Morgan Stanley | % | % | % | Morgan Stanley International Holdings Inc. | % | % | % | Morgan Stanley B.V. | % | % | % | - | % | % | % | Morgan Stanley | % | % | % | Morgan Stanley Capital Management, LLC | % | % | % | Morgan Stanley Domestic Holdings, Inc. | % | % | % | E*TRADE Financial Holdings, LLC | % | % | % | ETCM Holdings, LLC | % | % | % | E*TRADE Securities LLC | % | % | % | 9. In case of proxy voting according to Sec. 34 para. 3 WpHG (only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG) Date of general meeting: Holding total positions after general meeting (6.) after annual general meeting: Proportion of voting rights | Proportion of instruments | Total of both | % | % | % | 10. Other explanatory remarks: Date 27.09.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de |