Tatry Mountain Resorts A.S.

AGM Information • Feb 25, 2020

Subject: Notice of convocation of the Extraordinary General Meeting

Dear Sir/Madam,

The Tatry mountain resorts, a.s. company with the registered office at Demänovská Dolina 72, 031 01 Liptovský Mikuláš, Company number: 31 560 636, registered in the Commercial Register of District Court Žilina, Section: Sa, Insertion: 62/L (hereinafter referred to as "Company"), being an issuer of securities admitted to trading on the listed and open market, hereby convenes an Extraordinary General Meeting of the Company which is to be held at the Holiday Village Tatralandia hotel, Ráztocká 21, 031 05 Liptovský Mikuláš on 26th March 2020 at 11:00am with the following agenda:

• 1. Opening of the Extraordinary General Meeting of the Company;
• 1. Election of bodies of the Extraordinary General Meeting (chairman of the Extraordinary General Meeting);
• 1. Removal of a Supervisory Board member from office;
• 1. Change of the Company´s Articles of Association;
• 1. Remuneration policy;
• 1. Election of a Supervisory Board member, adoption of the Agreement on the Supervisory Board member capacity;
• 1. End of the session.

The registration of Company´s shareholders takes place at the venue of the Extraordinary General Meeting of the Company on 26th March 2020 from 09:00am to 10:30am.

The decisive day for exercising the right to attend the Extraordinary General Meeting, the right to vote there, to request information and explanations and to propose motions, is three days before the Extraordinary General Meeting is held, i.e. 23th March 2020.

The notice of convocation of the Extraordinary General Meeting was published in the Pravda daily on 24th February 2020. All related information is available on the company website: www.tmr.sk.

Yours faithfully

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

In Demänovská Dolina on 24.2.2020

______________________________