Piolin II S.à r.l. made a bid to acquire 55.8% stake in Parques Reunidos Servicios Centrales, S.A. (BME:PQR) from Alantra Private Equity, Coltrane Asset Management, L.P., Goldman Sachs International, Pelham Capital Ltd, Peter Harris and others for approximately €630 million on April 26, 2019. Alantra, Coltrane, Peter Harris, Pelham and Goldman Sachs account for 30.83% in Parques. The offer per share is €14. The takeover bid is launched exclusively on the Spanish market for all the shares of Parques Reunidos Servicios Centrales, S.A. except for shares of Miles Capital S.à r.l. and Alba Europe, S.à r.l. that are the minority investors of Piolin II S.à r.l. and also current minority shareholders of Parques Reunidos Servicios Centrales, S.A. The consideration will be paid entirely in cash. The takeover bid price will be adjusted by the gross amount of €0.2477 for each of the share of Parques Reunidos Servicios Centrales, S.A. in view of the dividend approved by the general meeting of shareholders of Parques Reunidos Servicios Centrales, S.A. held on March 28, 2019 and that Parques Reunidos Servicios Centrales, S.A. plans to pay out in the second half of July 2019, in the event that the takeover bid is settled after that date. Meanwhile, if the takeover bid is settled prior to the payment date of the dividend, the takeover bid price will not be reduced. If, in addition, Parques Reunidos Servicios Centrales, S.A. carries out any other distribution of dividends, reserves or any kind of distribution to its shareholders prior to the settlement of the takeover bid, the takeover bid Price will be adjusted in accordance with Royal Decree 1066/2007. As on April 26, 2019, Piolin II S.à r.l. has sufficient financial resources, which include the bank debt already secured on April 26, 2019, to cover the total consideration for the takeover bid. The deal value will be secured by a bank guarantee in accordance with the terms of article 15 of Royal Decree 1066/2007.

The takeover bid is not a delisting takeover bid. This notwithstanding, in the event that the requirements established in article 136 of the Securities Market Act and article 47 of Royal Decree 1066/2007 are met, Piolin II S.à r.l. will exercise the squeeze-out right with respect to the remaining shares in Parques Reunidos Servicios Centrales, S.A. at the takeover bid price, adjusted, as the case may be, in accordance with the terms pertaining to the distribution of dividends by Parques Reunidos Servicios Centrales, S.A. The execution of the squeeze-out transaction pursuant to the exercise of the right will give rise, in accordance with articles 47 and 48 of Royal Decree 1066/2007 and related provisions, to the delisting of Parques Reunidos Servicios Centrales, S.A's shares on the Securities Markets. Such delisting will take effect on the date on which the squeeze-out transaction is settled. In the event that the requirements for the squeeze-out are not met, Piolin II S.à r.l. intends to seek the delisting of Parques Reunidos Servicios Centrales, S.A.'s shares on the Securities Markets, in accordance with the exception to the delisting takeover bid established in article 11.d) of Royal Decree 1066/2007. For such purposes Piolin II S.à r.l. will provide the valuation report, already referred to in section 8, - 12 - and that will be issued to justify the consideration offered in this takeover bid, in the terms of article 10 of Royal Decree 1066/2007, which will be adjusted, if applicable, according to the terms governing the distribution of dividends by Parques Reunidos Servicios Centrales, S.A.

Piolin II S.à r.l has not appointed any members of the Board of Directors or the management of Parques Reunidos Servicios Centrales, S.A. of directors or the management of Parques Reunidos Servicios Centrales, S.A. The deal is subject to minimum tender and antitrust approvals including US Federal Trade Commission and the Antitrust Division of the Department of Justice in accordance with the provisions of the Hart Scott Rodino Antitrust Improvements Act of 1976, European Commission and Spanish National Securities Exchange Commission. As of July 8, 2019, the minimum acceptance deal condition is eliminated. As of June 11, 2019, the National Securities Market Commission approved the transaction. As of June 19, 2019, the transaction is approved by European Commission. Miles Capital S.à r.l. and Alba Europe, S.à r.l. have irrevocably undertaken not to transfer them in the takeover bid. Once the successful outcome of the takeover bid is published and immediately before its settlement, Miles Capital S.à r.l. and Alba Europe, S.à r.l. irrevocably undertake to implement their respective rollover undertakings, that is, to transfer the rollover shares to Piolin II S.à r.l by means of an equity contribution in kind, in the context of a capital increase of Piolin II S.à r.l, with Miles Capital S.à r.l. and Alba Europe, S.à r.l. receiving newly issued shares in Piolin II S.à r.l in exchange. Their shares will be locked-up until the termination of the takeover bid acceptance term. Consequently, the takeover bid is effectively directed for approximately 45 million shares of Parques Reunidos Servicios Centrales, S.A. The deal's decision was adopted by Piolin II S.à r.l, by its management body, and by the meeting of its shareholders and the management body on April 26, 2019. National Securities Market Commission approved the transaction on July 24, 2019.

Citigroup Global Markets Limited has been retained and acted as financial advisor and Uría Menéndez Abogados, S.L.P. acted as legal advisor to Parques Reunidos Servicios Centrales, S.A. Morgan Stanley acted as financial advisor while Javier Amantegui and Samir Azzouzi of Clifford Chance acted as legal advisors for EQT, parent of Piolin. Alexander Kolb, Lara Hemzaoui and Esteban Arza of Linklaters advised Corporacion Financiera Alba, parent of Alba Europe. Garrigues acted as legal advisor for Piolin II S.à r.l. Willisch, Michael J. of Davis Polk & Wardwell LLP, Spain Office advised Citigroup Global Markets Limited in the transaction.

Piolin II S.à r.l. completed the acquisition of additional 42.33% stake in Parques Reunidos Servicios Centrales, S.A. (BME:PQR) from Coltrane Asset Management, L.P., Goldman Sachs International, Pelham Capital Ltd, Peter Harris and others for approximately €470 million on September 6, 2019.