Extension of Eufingest Loans

4 June 2020

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

Reschedule of Loans’ Maturity Date

The Board of Clear Leisure (AIM: CLP) is pleased to announce that Eufingest SA (“Eufingest”) has agreed to extend repayment of the following loans amounting to €3,925,000 and £30,000 to 30 September 2020 or such earlier date as may be agreed with the Company, (altogether the “Loans”):

Amount	Date of Loan	Interest Rate	Convertible	Original Date to Maturity	Reschedule Date (if any)
€2,475,000	28 April 2017	1%	YES	28 April 2020
€50,000	7 December 2017	2.5%	YES	31 March 2018	30 September 2018 31 December 2018 31 March 2019 31 December 2019 28 April 2020
€200,000	27 December 2017	2.5%	YES	27 December 2019	28 April 2020
€250,000	2 January 2018	2.5%	YES	31 March 2018	30 September 2018 31 December 2018 31 March 2019 30 June 2019 31 December 2019 28 April 2020
€200,000	3 October 2018	2.5%	NO	31 December 2018	31 March 2019 30 June 2019 31 December 2019 28 April 2020
€200,000	24 June 2019	2.5%	NO	31 December 2019	28 April 2020
€250,000	30 July 2019	2.5%	NO	30 September 2019	31 December 2019 28 April 2020
€150,000	16 October 2019	2.5%	NO	31 December 2019	28 April 2020
£30,000	16 October 2019	2.5%	NO	31 December 2019	28 April 2020
€150,000	18 February 2020	2.5%	NO	30 June 2020

All other terms and conditions of the Loans remain unchanged.

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.

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                                                       [phone]
Francesco Gardin, CEO and Executive Chairman

SP Angel Corporate Finance (Nominated Adviser & Broker)  [phone]
Jeff Keating / John Mackay                                                                                             

Leander (Financial PR)                          [phone]
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