SnowWorld : Prelimenary results 2016/2017 adopted unchanged

SnowWorld N.V.

Buytenparklaan 30 2717 AX Zoetermeer, The

Netherlands.

PRESS RELEASE

Zoetermeer, 29 December 2017

Dividend increased to € 0.40 per share

Preliminary results 2016/2017 adopted unchanged

SnowWorld N.V. decided on 30 October 2017, in connection with the announced mandatory bid by Alychlo N.V. on SnowWorld shares, to announce its 2016/2017 results earlier than planned. Since auditing and formal adoption by the Supervisory Board still had to take place, the published figures were interim and unaudited figures. In the meantime all formal steps have been taken and SnowWorld N.V. now publishes its 2016/2017 annual report. The preliminary results announced on 30 October 2017 have been adopted unchanged.

The financial highlights of the 2016/2017 annual report are:

• - Increase in turnover by 6.9% to € 27.3 million

• - Increase in EBITDA by 13.2% to € 9.7 million

• - Improvement of turnover and result, especially in the second half of the financial year

• - Impairment of capitalized development costs Paris and Barcelona of € 1.0 million

• - Excluding the impairment of development costs, an increase of the (operational) net profit by 28.5% to € 3.1 million

• - Increase in group equity by 23.5% to € 16.3 million

Dividend proposal

Over the 2015/2016 financial year, SnowWorld N.V. paid out a dividend of € 0.30 per share. The choice was between € 0.30 in cash or 1 new share on 25 existing shares. For 2016/2017, an optional dividend of € 0.40 per share will be proposed to the General Meeting of Shareholders to be held on 16 March 2018. The choice is between € 0.40 in cash or 1 new share in 21 existing shares. The proposed dividend implies a pay-out percentage of 40.0% (2015/2016: 37.3%).

For a further explanation of the 2016/2017 annual accounts, we refer to the press release of 30 October 2017 and to the annual report as attached.

For more information on this press release or additional information, please contact: Koos Hendriks (CEO), +31 (0)6 51837518 orcorporate@snowworld.com

Wim Moerman (CFO), +31 (0)6 41219496 orcorporate@snowworld.com

SnowWorld profile

SnowWorld N.V. is a listed company based in Zoetermeer. With its two indoor ski facilities in the Netherlands, SnowWorld is one of the world's leading companies in this sector. Since its establishment in 1996 by Mr J.H.M. Hendriks, SnowWorld has experienced rapid growth. In connection with SnowWorld's strategy of further rolling out its proven, successful concept in Europe, SnowWorld went public in 2013.