Tatry Mountain Resorts A.S.

Capital/Financing Update • May 4, 2017

May 4, 2017

INSIDE INFORMATION: In the current financial year 2016/17 (1/11/2016 – 31/10/2017) the Tatry mountain resorts, a.s. company (TMR) plans investments with the total budget of 83 mil. euros.

The Board of Directors of Tatry mountain resorts, a.s. with its headquarters in Demänovská dolina 72, 031 01 Liptovský Mikuláš, the Slovak Republic IČO: 31 560 636 registered in the Business Register by the District Court of Žilina, Section: Sa, File No. 62/L (the "Company"), as an issuer of securities admitted to trading at a listed market and a free market, pursuant to Article 45 of the Slovak Act No. 429/2002 Coll. on Securities Stock Exchange, as amended, hereunder reports the following inside information:

In the current financial year 2016/17 (1/11/2016 – 31/10/2017) the Tatry mountain resorts, a.s. company (TMR) plans investments with the total budget of 83 mil. euros. TMR is focusing its investment activity mainly on the Polish mountain resort Szczyrk and Silesian Amusement Park Legendia (Legendia Śląskie Wesołe Miasteczko), where it plans to invest 57 mil. euros. Investments into the development of Silesian Amusement Park Legendia during this financial year total 22 mil. euros. Investments in the amount of 35 mil. euros are planned in the Szczyrk resort by the beginning of the winter season 2017/18. Another 26 mil. euros will be invested in Slovakia into the operations in the High Tatras and into the Jasná Nízke Tatry resort.

For more information please visit www.tmr.sk.

Ing. Jozef Hodek Member of the Board of Directors