RB 8/2020 Initiation of the procedures to execute an ERTE

AmRest Holdings, SE (“AmRest” or the “Company”), in accordance with Article 227 of the Securities Markets Law, hereby announces that the Company has initiated the procedures for the presentation of Temporary Employment Regulation Files on a force majeure basis, as per Royal Decree-Law 8/2020, of March 17, on extraordinary urgent measures to face the economic and social impact of COVID-19 (the “ERTE”).

The ERTE will cover a maximum of 3,666 employees, who represent 93% of the AmRest workforce in Spain; 7.1% at group level.

Due to the ERTE, AmRest will proceed to the temporary closure of 143 equity restaurants in Spain of the brands KFC, La Tagliatella, Bacoa and Blue Frog.

This initiative is part of the measures that the AmRest Group is taking to mitigate the impact cause by the COVID-19 crisis.