Minutes of the Annual General Meeting

On Monday 23 April 2019, 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 23.6 million, equivalent to DKK 4.12 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 current Supervisory Board members elected by the Annual General Meeting, Tom Knutzen, Claus Gregersen, Mads Lebech and Ulla Brockenhuus-Schack were re-elected. 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, PwC 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 22237440 /

Attachment