Jumia Technologies : Renumeration System for the Supervisory Board

Annual general meeting of Jumia Technologies AG on 14 August 2023

Convenience Translation

Annex to agenda item 8: Presentation of the remuneration system for the Supervisory Board of the Company

In accordance with section 13 of the articles of association, the remuneration of the members of the Supervisory Board is approved by the Annual General Meeting. The Compa- ny's Annual General Meeting on 9 June 2021 determined the current remuneration of the members of the Supervisory Board. In line with the Company's overall strategic goal of reducing losses and making the Company profitable, the level of compensation for the members of the Supervisory Board is to be reduced. It is therefore proposed to the Annual General Meeting that a new resolution be passed on the remuneration of the Supervisory Board under agenda item 8. The remuneration system for the Supervisory Board of the Company shall therefore be structured as follows in the future:

The Supervisory Board contributes to the sustainable and long-term development of the Company and the promotion of the business strategy as part of its statutory duty to monitor the management of the Company by the Management Board. The remuneration structure takes into account the responsibility and scope of activities of the Supervisory Board mem- bers. As proposed by the German Corporate Governance Code, the remuneration structure consists exclusively of fixed remuneration; no variable remuneration component is granted. In addition, the members of the Supervisory Board receive reimbursement of their expenses and will be included, where existing, in a D&O liability insurance for board members maintained by the Company, the cost of which is borne by the Company. Members and chairmen of Supervisory Board committees receive additional fixed remuneration. As the activities of the Supervisory Board are not comparable with the tasks and activities of the Company's employees, no vertical comparison is made. The remuneration of the Supervisory Board is reviewed on a regular basis. In particular, the situation of the Company, the time required and the scope of the duties to be performed are taken into account, as well as a comparison with the remuneration system of other companies comparable to the Company, if necessary. Should the Management Board and Supervisory Board see cause for change, they will propose to the Annual General Meeting that the remuneration of the Supervisory Board be redefined and that an adjusted remuneration system be approved. The remuneration system for the Supervisory Board of the Company shall be submitted to the Annual General Meeting for approval at least every four years.

The fixed annual remuneration for the members of the Supervisory Board other than the chairman shall be USD 125,000.00 and the chairman of the Supervisory Board shall receive a fixed annual remuneration of USD 250,000.00. The chairman of the Audit Committee shall receive an additional fixed annual remuneration of USD 90,000.00 and each other member of the Audit Committee shall receive an additional fixed annual remuneration of USD 75,000.00. The chairman of the Compensation Committee shall receive an additional fixed annual compensation of USD 40,000.00 and each other member of the Compensation Committee shall receive an additional fixed annual compensation of USD 20,000.00. The chairman of the Corporate Governance and Nomination Committee shall receive an additional fixed annual compensation of USD 20,000.00 and each other member of the Corporate Governance and Nomination Committee shall receive an additional fixed annual compensation of USD 12,000.00.

The remuneration is payable in two installments, i.e. the first installment is payable after the first six months of the fiscal year and the second installment is payable after the end of the fiscal year. If a member of the Supervisory Board or a committee or a chairman of the Supervisory Board or a committee does not hold office for the entire fiscal year, a pro

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rata portion of the remuneration is paid for each full calendar month of service. The value- added tax payable on their remuneration and expenses shall be reimbursed to the members of the Supervisory Board.

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