REG-Clear Leisure Plc: Reschedule of Loan Notes / Mediapolis Funds Update

Quantum Blockchain TechnologiesAnnouncement

20/12/2019 11:30

20 December 2019

Clear Leisure Plc
(“Clear Leisure” or “the Company”)

Reschedule of Loans’ Maturity Date

and

Update on Mediapolis Funds

The Board of Clear Leisure (AIM: CLP) is pleased to announce that Eufingest SA
has agreed to extend repayment of the following loans amounting to
EUR(€)1,300,00 and GBP(£)30,000 to 28 April 2020 (or such earlier date as
may be agreed with the Company):

 Amount      Date of Loan      Original Date to Maturity  Reschedule Date (if any)  
 €50,000     7 December 2017   31 March 2018              1. 30 September 2018      
                                                          2. 31 December 2018       
                                                          3. 31 March 2019          
                                                          4. 31 December 2019       
 €200,000    27 December 2017  27 December 2019                                     
 €250,000    2 January 2018    31 March 2018              1. 30 September 2018      
                                                          2. 31 December 2018       
                                                          3. 31 March 2019          
                                                          4. 30 June 2019           
                                                          5. 31 December 2019       
 €200,000    3 October 2018    31 December 2018           1. 31 March 2019          
                                                          2. 30 June 2019           
                                                          3. 31 December 2019       
 €200,000    24 June 2019      31 December 2019                                     
 €250,000    30 July 2019      30 September 2019          31 December 2019          
 €150,000    16 October 2019   31 December 2019                                     
 £30,000     16 October 2019   31 December 2019                                     

All other terms and conditions of the Loans remain unchanged.The Company has
an additonal €2.475 million loan with Eufingest which matures on 28 April
2020; therefore the total of loans owed to Eufingest by the Company is
€3.775 million and £30,000.

Eufingest is a substantial shareholder of the Company as defined by the AIM
Rules for Companies. The extension of the repayment date of the Loans is
therefore a related party transaction pursuant to AIM Rule 13 of the AIM Rules
for Companies. The directors of Clear Leisure, having consulted with its
nominated adviser, consider that the transaction is fair and reasonable
insofar as its shareholders are concerned.

Further to the announcement of 4 December 2019, the Company has been advised
by its Italian law firm that on 11 December, the amount of €1,940,459.27 was
transferred to the Receiver by the auctioner of the Mediapolis land auction.
The Company has requested the transfer of these fund, less costs, to Clear
Leisure 2017 Ltd.

Francesco Gardin, Executive Chairman and CEO of Clear Leisure, commented, “I
wish to thank Eufingest for its continuous and ongoing support to the Company,
as demonstrated once again.”

-ends-

For further information please contact:

Clear Leisure
Plc                                                               
      +39 335 296573
Francesco Gardin, CEO and Executive Chairman

SP Angel Corporate Finance (Nominated Adviser & Broker)       +44 (0)20
3470 0470
Jeff Keating / John
Mackay                                                                                              

Leander (Financial
PR)                                                                
+44 (0) 7795 168 157
Christian Taylor-Wilkinson

About Clear Leisure Plc

Clear Leisure plc (AIM: CLP) is an AIM listed investment company with a
portfolio of companies primarily encompassing the leisure and real estate
sectors mainly in Italy. The focus of the management is two-fold: to pursue
the monetisation of all of the Company’s existing assets, through selected
realisations, court-led recoveries of misappropriated assets and substantial
debt-recovery processes and to seek technology related investments, with
special regard to interactive media, blockchain and AI sectors. For further
information, please visit, www.clearleisure.co.uk



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