AmRest Holdings S.E. — Capital/Financing Update 2021

Jan 4, 2021

RB 27/2020 Supplement to the report RB 27/2020: Waivers related to bankcovenants;In relation to the current report RB 27/2020 published onDecember 31 2020, AmRest Holdings SE ("AmRest", the "Group") provides asupplement to the report:;Pursuant to the provisions of Article 227 ofthe restated text of the Securities Market Law and in relation to thecurrent report RB 27/2020 published on December 31 2020, AmRest HoldingsSE ("AmRest", the "Company") provides a supplement to the report:;It isfurther stated (i) that the waiver obtained from the bondholders(Schuldschein) to the compliance with certain financial covenantsrelated to the Group's leverage and interest coverage ratios wasapproved by a majority of 77% (above the required 70%) and (ii) that therequired minimum level of liquidity of the new covenant assumed by theGroup is 80 million euros, which is lowered to 50 million euros for thethird and fourth quarters of 2021.