Tatry Mountain Resorts A.S.

Declaration of Voting Results & Voting Rights Announcements • Feb 7, 2017

Re: Inside Information – Disposal of a Large Shareholding

Tatry mountain resorts, a.s. with its headquarters in Demänovská dolina 72, 031 01 Liptovský Mikuláš, the Slovak Republic IČO: 31 560 636 (the "Company") pursuant to Article 42 Par. 11 and Article 45 of the Slovak Act No. 429/2002 Coll. on Securities Stock Exchange, as amended, hereunder reports the following regulated information:

Based on the notification about the share in voting rights of shareholder BELGOMET , s.r.o. with its seat at Seberíniho 9, 821 03 Bratislava, ID No.: 31 403 948, registered in the Commercial Register of the District Court of Bratislava I, Section: Sro, File No.: 9706/B ( (hereinafter the "Shareholder"), dated 25-01-2017 we hereby report the Shareholder's share on the Company voting rights, as their share decreased below the 5% limit:

• The resulting share of the Shareholder on the Company voting rights: 0% with 0 shares

• The ownership structure of controlled legal entities, through which the voting rights are actually exercised if such entities exist: No such legal entities exist.

• Date of passing the 5% limit: 25-01-2017

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

Liptovský Mikuláš 07-02-2017