RESIGNATION MR. BILAL A. NOOR, THE CHAIRMAN OF THE BOARD

Mr. Bilal Noor, the main shareholder and President of the Management Board of Ark Royal SA, announced his intention to sell his shares and resign from the Management Board. The transaction took place on August 1, 2019, Dr. Gergely Bárdos became the main shareholder, who was also appointed to the Company’s Supervisory Board. The Supervisory Board has appointed the Management Board for the next five-year term including: Mr Lóránt Tokos – President of the Management Board of Ark Royal SA.