APT Announces Merger with MutualArt.com, Forming MutualArt Group, and Appoints Mark Sebba as Chairman of the Company

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The merger, which comes after APT's successful sales pilot in March 2016 and the recent launch of the re-designed MutualArt.com website, will expose the APT collection, comprising nearly 13,000 artworks from 2,000 leading artists, to MutualArt.com's audience of over 500,000 members. The Group will draw on MutualArt.com's comprehensive online database of art market information in order to facilitate the sale of artworks from the APT collection to the most relevant collectors and institutions.

Chairman of MutualArt Group Mark Sebba — former CEO of The Net-a-Porter Group Limited and current Trustee of the Victoria and Albert Museum — brings to the Company over 10 years of experience in the luxury e-commerce sector. During his time, Net-a-Porter grew from a single e-tail store to one of the world's most successful online fashion retailers. In this role, Sebba succeeds Moti Shniberg, co-founder of APT and MutualArt.com, who remains a member of the MutualArt Group Board.

A key step towards MutualArt Group's reinvigorated vision is the recent launch of the redesigned MutualArt.com. The website offers tailored information and alerts to its users, serving as a one-stop, objective art information authority.

www.aptglobal.org

www.mutualart.com

Simon Warren | +1-646-589-0922 | swarren@fitzandco.com