Tatry Mountain Resorts A.S.

Earnings Release • Oct 12, 2018

Key 2018 Summer Season Metrics

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", "TMR"), 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:

On October 5, 2018 TMR released key season-to-date metrics for the winter season 2017/18 – from June 1, 2018 until September 30, 2018 when compared to the same period last year. The comparison covers mountain resorts – Jasná Nízke Tatry, Vysoké Tatry – Tatranská Lomnica, Starý Smokovec and Štrbské Pleso, amusement parks – Aquapark Tatralandia, Legendia – Silesian amusement park in Poland, and hotels of the TMR portfolio in Slovakia. Szczyrkowski Ośrodek Narciarski (Szczyrk) in Poland, which was not operating during the summer season, has not been included in the comparison.

Highlights:

• The number of visitors that used cableways in mountain resorts fell by -3% in the comparison period
• The turnout in amusement parks remained on the same level as last year (+0.9%)
• The occupancy rate weighted average in the segment of hotels decreased by -1.2 percentage points and the average rate per date improved by +10.6%
• Cableway ticket sales grew by +8.6%
• The sales in the segment of Amusement parks fell by -1.4%
• The hotel sales increased by +2.3%
• The sales in restaurant facilities grew by +2.9% and the takings in the field of sports services and shops increased by +17.8%
• The total revenue in the summer season grew by +4.1% year-over-year.

"The turnout decline in the mountains was caused by changeable and rainy weather at the beginning of the summer and improved safety all around the world which mainly fans of seaside destinations benefited from. We are very happy that although the number of Polish tourists at Tatralandia fell down as a result of massive marketing campaigns of rival Polish water parks outside Slovakia, we have managed to reach moderate turnout growth in the segment of Amusement parks also thanks to new products and services. The main events of the season included opening of two new giant water slides in Tatralandia. One of them is the first of its kind and the biggest turbulence-type water slide in Europe. GOPASS in all countries

where TMR is active exceeded the number of 1.13 million members in summer. We hope we will continue with this positive trend and keep expanding our loyalty programme successfully also in the upcoming winter season," CEO of TMR Bohuš Hlavatý commented.

Key metrics of the summer season 2018	Change yoy %	Change yoy %
June 01, 2018 - September 30, 2018)	30.9.2018 vs 30.9.2017	30.9.2017 vs 30.9.2016
Visit rate in Mountain Resorts	-3,0%	-2,5%
Visit rate in Leisure Parks	+0,9%	+11,7%
Occupancy in Hotels	-1,7%	+2,5%
Average rate in Hotels	+10,6%	+6,7%
Sales in Mountain Resorts	+8,6%	+6,6%
Sales in Leisure Parks	-1,4%	+17,2%
Sales in Dining	+2,9%	+17,0%
Sales in Sports Services & Stores	+17,8%	+25,5%
Sales in Hotels	+2,3%	+10,5%
Total Sales	+4,1%	+12,7%

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

Demänovská Dolina, 5.10.2018