Groupon, Inc. appointed Dusan Senkypl as Interim Chief Executive Officer of the Company, effective on March 30, 2023 . In connection with such appointment, Mr. Senkypl entered into an employment agreement with the Company's wholly owned subsidiary, Groupon Management, LLC, dated March 30, 2023 (the “Employment Agreement”). Mr. Senkypl will replace Kedar Deshpande, who is no longer serving as the Company's Chief Executive Officer or a member of the Board as of the Effective Date.

In addition, Mr. Senkypl will remain a member of the Board and will step down from his position as a member of the Executive Committee of the Board. Mr. Deshpande intends to assist fully with the transition until at least June 1, 2023. Mr. Senkypl, who will be based in the Czech Republic, will serve as Interim CEO for a term of one year pursuant to the Employment Agreement or until the Board appoints a permanent successor.

The Board expects that Mr. Senkypl will provide reasonable assistance in the transition of any such successor. Dusan Senkypl, age 47, has served as a member of the Board since June 2022 and as a Partner of Pale Fire Capital SE (“PFC”), the Company's largest stockholder, and a private equity investment group that invests in ecommerce companies both in Europe and worldwide, since January 2017, where he also served as a director from November 2019 to April 2021, and has served as Chairman of the Board since April 2021. As a Partner in PFC, Mr. Senkypl oversaw PFC's investments in Aukro s.r.o., the largest Czech online marketplace, where he has served as a director since 2019, Favi online s.r.o., a premiere furniture marketplace, and Rouvy, SE, a global indoor cycling app competing with Zwift Inc., where he has served as Chairman of the Board since 2021.

Prior to joining PFC, Mr. Senkypl served as founder and CEO of NetBrokers Holding (“NBH”), which became the largest insurance and finance marketplace in the Czech Republic and Slovakia, from 2014 to December 2018, when it was sold to German media company, Bauer Media Group. Prior to NBH, Mr. Senkypl co-founded and operated multiple ecommerce projects, including ePojisteni.cz, an insurance technology company, where he served as CEO and a director, from 2009 until February 2019. Mr. Senkypl earned his Master's Degrees in Math and Information Science from Masaryk's University, Brno, Czech Republic.

In conjunction with his appointment to Groupon Interim CEO, Mr. Senkypl will be stepping down from day-to-day responsibilities at PFC.