TIVOLI A/S – MINUTES OF THE ANNUAL GENERAL MEETING

On Monday 23 April 2018, Tivoli A/S held its Annual General Meeting with the attached agenda.

The annual report was adopted, including the Supervisory Board's proposal for distribution of the profits for the year, which comprise payment of dividend of DKK 19.6 million, equivalent to DKK 3.43 per share with a nominal value of DKK 10. The remainder of the profits will be added to the Company's distributable reserves.

At the Annual General Meeting, the Supervisory Board was authorised by the Annual General Meeting to acquire own shares. The Annual General Meeting voted against the shareholder proposals which:

• • encouraged the Supervisory Board to investigate whether the Company discriminates in its employment of unskilled workers based on ethnicity or origin.

• • proposed that Tivoli A/S, in addition to the dividend set by the Supervisory Board under item 3, marks Tivoli’s 175-year anniversary, by paying a special anniversary dividend to the Company’s shareholders of DKK 1.75 per share, corresponding to DKK 10.0 m. med payment on Tivoli’s birthday on 15 August 2018.

The current Supervisory Board members elected by the Annual General Meeting, Tom Knutzen, Mads Lebech and Ulla Brockenhuus-Schack were re-elected. Jørgen Tandrup resigned from the Supervisory Board. Claus Gregersen was elected as new Supervisory Board member. In addition, the two employee representatives, John Høegh Berthelsen and Tue Krogh-Lund, are members of the Supervisory Board.

On the motion of the Supervisory Board, PricewaterhouseCoopers Statsautoriseret Revisionsaktieselskab was elected as auditor.

At the subsequent initial Supervisory Board meeting, the Supervisory Board elected Tom Knutzen as chairman and Mads Lebech as deputy chairman.

Yours faithfully,

Lars Liebst

CEO

Contactperson: Head of Press, Torben Plank +45 22 23 74 40

Attachment