INVESTOR RELEASE Romanian Tax Authority decision Budapest, October 17, 2017 - WABERER'S INTERNATIONAL Nyrt. announces, that it received the final decision from the Romanian National Agency for Fiscal Administration (hereinafter: ANAF) regarding alleged tax arrears incurred at its Romanian subsidiary Waberer's Romania S.A. on October 16, 2017.

ANAF's tax audit related to fiscal years from 2011 to 2016 in all tax categories and ANAF in its decision obliged Waberer's Romania S.A. to pay tax arrears under corporate tax in the amount of RON 3.3 million, and import VAT in the amount of RON 0.8 million. ANAF is expected to specify the exact amount of accrued interests to be paid in relation to these tax arrears later in October 2017.

Payment of the tax arrears and the interests are due until the middle of November, 2017 but the decision is dated of September 29, 2017 and as such it affects third quarter 2017 results.

Waberer's Romania S.A. is going to settle a small part of the claimed amount of tax arrears and to challenge the decision at administrative and if necessary at court level concurrently requests the suspension of the decision.

WABERER'S INTERNATIONAL Nyrt.

Waberer's International Nyrt. published this content on 17 October 2017 and is solely responsible for the information contained herein.
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