JUST EAT increases stake in French-based ALLORESTO

24 July 2014

JUST EAT plc

JUST EAT increases stake in French-based ALLORESTO.fr to 80%

JUST EAT plc ("JUST EAT" or the "Company"), today announces that it has acquired additional shares in FBA Invest SaS ("FBA") taking JUST EAT's total shareholding to 80%.

FBA owns 100% of the share capital of Eat On Line SaS, which trades under the brand "ALLORESTO.fr" in France. The stake was acquired from JUST EAT's joint-venture partners1 for a total cash consideration of €6.97m and will be financed from the Company's existing cash resources.

The agreement is pursuant to the joint-venture agreement dated 22 December, 2011 when the Company acquired its initial 50% shareholding in FBA and is detailed in the JUST EAT Prospectus dated 3 April, 2014.

JUST EAT may be required to pay additional consideration for the stake following approval of FBA's 2014 audited financial statements (no later than 1 April, 2015) with the maximum total consideration payable for the transaction being capped at €30 million. JUST EAT does not expect any material additional consideration to be payable.

The value of the gross assets of FBA as at 31 December 2013 was £7.5m and the profit after tax for the year ending 31 December 2013 was £0.1m. The transaction will result in the profits and assets of FBA being consolidated. Sébastien Forest, founder of ALLORESTO.fr, will continue as CEO of FBA.

David Buttress, CEO of JUST EAT, commented: "We are delighted to have further increased our stake in ALLORESTO.fr. This transaction underpins our strategy to unlock the potential of the online takeaway market as we continue to offer our French consumers more choice through our platform."

Sébastien Forest, CEO of FBA, commented: "The first two and half years of partnership with JUST EAT have been a fantastic journey. I look forward to more successes together as we continue to build our network and bring the JUST EAT experience to more ALLORESTO.fr consumers and partner restaurants across France."

[1] The other parties to the transaction who are selling shares are: Sébastien Forest; and FPCI Avenir Enterprises Developpement C4, represented by its managing company, Bpifrance Investissement (formerly known as Avenir Entreprises)

Enquiries

JUST EAT: +44 (0) 20 3667 6900

David Buttress, Group Chief Executive Officer

Michael Wroe, Group Chief Financial Officer

Frank McGlade, Head of Corporate Communications

Brunswick Group LLP: +44 (0) 20 7404 5959

Sarah West, James Olley, Natalia Dyett

About the JUST EAT Group

JUST EAT operates the world's largest online market place for restaurant delivery. JUST EAT is based in London and is now active in 13 countries around the globe. Its revenues in 2013 were £96.8m. There are currently over 36,000 takeaway restaurants within the JUST EAT network, which uses proprietary technology to offer an efficient online ordering service. The brand has also won multiple marketing awards, including a 2013 SABRE award for Best Guerrilla Marketing. www.just-eat.com/investors

About ALLORESTO.fr

ALLORESTO.fr is one of the leading players in the French online market place for restaurant delivery. ALLORESTO.fr was founded in 1998 by Sébastien Forest (Small Businesses CEO 2013 Silver Award). ALLORESTO.fr has won multiple awards, including a 2013 E-Commerce Award for Conquest/Conversion Strategy and was ranked in the top twenty French E-Commerce companies in 2013 and 2014 by E-Commerce Magazine.