NOVATURAS AB - Novaturas Group has agreed with the bank to delay liabilities

POLISH FINANCIAL SUPERVISION AUTHORITY

UNI - EN REPORT No 39 / 2020

Date of issue: 2020-10-06

Short name of the issuer

NOVATURAS AB

Subject

Novaturas Group has agreed with the bank to delay liabilities

Official market - legal basis

art. 17. 1 MAR.

Unofficial market - legal basis

Contents of the report:

Today Novaturas Group has agreed with Luminor bank (AB Luminor) to delay payments of a long-term loan and extend the overdraft. In the consolidated interim report of 6 months financial results (2020) the Company stated it has a long-term loan of EUR 6 million and EUR 5.6 million (at that time) overdraft limit agreements with Luminor Bank. The start of partial payments of the long-term loan is postponed for 5 months until the end of March. The overdraft limit which today amounts to EUR 3.6 million is also extended until the 31st of March, 2021. The Company intends to use it to secure its liquidity untill will be able to resume more sustainable operations. About Novaturas Group AB Novaturas Group is the largest tour operator in the Baltic States, offering summer and winter package holidays in more than 30 destinations worldwide and more than 100 sightseeing routes. In 2019, the group served more than 293 thousand customers. Finance director Tomas Staškūnas [email protected], [phone]

Annexes

File Description

NOVATURAS AB

(fullname of the issuer)

NOVATURAS AB Usługi inne (uin)

(short name of the issuer) (sector according to clasification of the WSE in Warsow)

LT-44245 Kowno

(post code) (city)

A.Mickeviciaus 27

(street) (number)

[phone] [phone]

(phone number) (fax)

(e-mail) (web site)

(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY

Date Name Position / Function Signature

2020-10-06 Tomas Staskunas CFO