SnowWorld N.V. Buytenparklaan 30 2717 AX Zoetermeer

PRESS RELEASE

Zoetermeer, 30 January 2017

13,000 solar panels installed

Slow start 2017/2018 due to warm weather

Due to a lagging number of visitors, the results for the first quarter of the financial year (1 October to 31 December) are lower than for the first quarter of the previous financial year. One of the reasons for this is the historically unknown warm autumn holiday, which is the start of the indoor skiing season for SnowWorld. In the Christmas holiday important for SnowWorld, this delay has not been made up. SnowWorld is therefore adjusting its expectations for this financial year. SnowWorld expects a slightly lower turnover this year than last year. However, the expectation is repeated that the net result will be higher this year than for the 2016/2017 financial year.

Progress development SnowWorld Milan

With regard to one of the important strategic developments at SnowWorld, the construction of a new SnowWorld branch in Milan, further progress was made in the first quarter. The work in the context of obtaining the building permit is still positive. The expectation is still that the permit will be issued in 2018. Preparations are being made to start construction immediately after this.

Research into surf pool possibilities

In December, SnowWorld announced the possibility of investigating the development of a surf pool next to its indoor ski resort in Zoetermeer. Surfing is a rapidly growing sport worldwide and, in terms of target group, fits well with the existing target group of SnowWorld. Using the synergy in terms of personnel and energy, SnowWorld is of the opinion that a surf pool in Zoetermeer will be profitable by exploiting it.

Dividend policy

In the annual report published on 29 December, SnowWorld has published a dividend proposal as proposed to the General Meeting of Shareholders on March 16, 2018. Implementation of the SnowWorld strategy is expected to require significant investments in the coming years. In this context, the new major shareholder Alychlo has also indicated that it would prefer not to pay a cash dividend in that investment phase. The Board of Management and the Supervisory Board have decided to adjust the dividend policy to these circumstances. In that context, the dividend policy will be put on the agenda for the General Meeting of Shareholders to be held on 16 March and the dividend proposal initially announced will not be put on the agenda for this meeting.

Completion of installation 13,000 solar panels

With the installation of the last solar panel in Landgraaf, SnowWorld has taken an important step in its sustainability strategy. 13,000 solar panels have been installed on the roofs of the slopes in Zoetermeer and Landgraaf. With the energy generated by these panels, SnowWorld is completely self-sufficient in its energy consumption on sunny days.

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.

Snowworld NV published this content on 31 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 January 2018 06:59:05 UTC.

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