Tatry mountain resorts : Re. Item 7 of the agenda – Amendment the Articles of Association of the Company

Proposal of the Board of Directors of 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 No.: 62/L

to amend the Articles of Association of the Company

The Board of Directors of 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 No.: 62/L (hereinafter referred to as "Company") hereby

proposes to the Annual General Meeting of the Company,

which is going to be held at Holiday Village Tatralandia, Ráztocká 21, 031 05 Liptovský Mikuláš on 31st May 2023 from 11:00 a.m. (hereinafter referred to as the "Annual General Meeting"), that the following

resolution of the Annual General Meeting

should be adopted

according to item 7 of the agenda:

"The Annual General Meeting hereby adopts amendments to the Company´s Articles of Association as follows:

In CHAPTER I /Fundamental Provisions/, Art. II. SCOPE OF BUSINESS, new points 81 and

82 are hereby added which shall read as follows:

1. provision of personal services
2. manufacturing of sweets

In CHAPTER III /Bodies of the Company/, Art. XI. BOARD OF DIRECTORS, Paragraph 6 is hereby amended and shall read as follows:

6. The Supervisory Board appoints a Chairman of the Board of Directors and a vice- Chairman of the Board of Directors from among members of the Board of Directors. The Chairman of the Board of Directors automatically becomes also the General Manager of the Company.

In CHAPTER III /Bodies of the Company/, Art. XI. BOARD OF DIRECTORS new Paragraph

16 is hereby added which shall read as follows:

16. The General Manager manages the Company between the Board of Directors' sessions in accordance with the Board of Directors' decisions. The General Manager executes the Board of Directors' decisions, performs tasks he/she is entrusted with by the Organizational Rules of the Company, and performs other tasks in the capacity assigned to him/her by the Board of Directors in the form of a written assignment.

2

In CHAPTER VII /Final provisions/, Art. XXIV FINAL PROVISIONS, the last paragraph is amended and shall read as follows:

This consolidated version of the Articles of Association was made in accordance with the provisions of §173 section 3 Commercial Code on 31/5/2023."

In Demänovská Dolina on 25th April 2023

Tatry mountain resorts, a.s.	Tatry mountain resorts, a.s.
Ing. Igor Rattaj, m.p.	Ing. Jozef Hodek, m.p.
Chairman of the Board of Directors	Member of the Board of Directors