GLOBAL BLUE COMPLETES $225 MILLION STRATEGIC GROWTH EQUITY INVESTMENT FROM CERTARES AND KNIGHTHEAD Eysins, Switzerland, June 15 2022 Global Blue Group Holding AG (NYSE: GB and GB.WS), is pleased to announce it has completed the investment agreement with CK Opportunities Wolverine S.a.r.l (“CK Opportunities”), an investment fund co-managed by Certares Opportunities LLC (“Certares”), a global travel, tourism and hospitality investment firm, and Knighthead Opportunities Capital Management, LLC (“Knighthead”), a leading credit investment management firm. Under the terms of the agreement, dated May 5, 2022, CK Opportunities has agreed to invest $225 million, of which $180 million is for Series B preferred shares and $45 million is for common shares. Global Blue intends to use the funds to continue pursuing strategic add-on acquisitions in Payment and omnichannel Retail Technology and to fund working capital requirements associated with the significant recovery underway in its core Tax-Free Shopping business, after two years of reduced activity due to the Covid-19 pandemic. A copy of the agreement can be obtained from the Securities and Exchange Commission’s website at www.sec.gov or the investor section of the Company’s website at Global Blue Group Holding AG - Investor Relations. INVESTOR RELATIONS CONTACTS Frances Gibbons – Head of Investor Relations Mob: +44 (0)7815 034 212 – Mail: fgibbons@globalblue.com ABOUT GLOBAL BLUE Globa l Blue pioneered the concept of Tax Free Shopping 40 years ago. Through continuous innovation, we have become the leading strategic technology and payments par tner, empowering reta i lers to improve their per formance and shoppers to enhance their exper ience. Globa l Blue of fers innovati ve solutions in three di fferent f ie lds:  Tax Free Shopping: Helping reta i lers at over 300,000 points of sa le to e fficient ly manage 35 mi l l i on Tax Free Shopping transactions a year, thanks to its fu l ly integrated in -house technology plat form. Meanwhi le , i ts industry -leading di gi tal Tax Free shopper so lutions create a better, more seamless customer exper ience  Payments services: Providing a ful l su i te of foreign exchange and Payments technology so lutions that a l low acquirers, hotels and reta i lers to offer va lue-added services and improve the customer exper ience dur ing 31 mi ll ion payment transactions a year at 130,000 points o f interaction  Complementary RetailTech: Offer ing new technology solutions to reta i lers, including dig i ta l receipts and eCommerce returns , that can be eas i ly integrated with their core systems and a l low them to optimise and digita li se their processes throughout the omni -channe l customer journey, both in-store and online In addi t ion, our data and advisory serv ices offer a strategic advisory to help reta i lers identi fy oppor tunit ies for growth , whi le our shopper exper ience and engagement solut ions provide data -dr iven solutions to increase footfal l , convert foot fa l l to revenue and enhance performance.

For more in formation, vis i t http://www.globalblue.com/corporate/ Pre-pandemic figures FY 2019-20 Source : G lobal Blue