Naver Mergers and Acquisitions Presentation Deck

Transaction overview Terms Leadership Timing to Close Funding Governance • NAVER to acquire all issued and outstanding Poshmark shares for $17.90 in cash • Enterprise value $1.2 billion¹ • Poshmark will continue to operate under its existing brand and be led by Manish Chandra and the current management team • Expected to close by Q1 2023; subject to approval by Poshmark's stockholders and the satisfaction of certain other customary closing conditions • The transaction is expected to be funded with NAVER's cash balances and other existing financing sources Poshmark will become a standalone U.S. subsidiary of NAVER 1. Assumes $436 million of unrestricted cash on balance sheet as of June 30, 2022

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