Tatry Mountain Resorts A.S.

Annual Report • Mar 27, 2020

Amendment of the Annual Report 2018/19 of Tatry mountain resorts, a.s. as of 31/10/2019

The following sections have been amended:

• Commentary from CEO, page 5
• Consolidated Financial Highlights, page 8,9
• Strategy, page 24
• Financial Performance Review for the Year, pages 48-53
• Group's Position at the End of the Year, page 57

The following sections have been added:

• Consolidated Financial Statements (pages 86-161)
• Notes to the Consolidated Financial Statements, Note 38, include an opinion on the expected impact of the COVID-19 pandemic on the TMR Group's performance
• Independent Auditor's Report on the Consolidated Financial Statements (pages 162-169)

The amended Annual Report is available on the Company's website www.tmr.sk.

March, 27 2020

Jozef Hodek Member of the Board of Directors and CFO of Tatry mountain resorts, a.s.

Tatry mountain resorts, a.s.