RB 8/2023 Start of a share buy-back program; AmRest Holdings, SE("AmRest", the "Company"), in compliance with the provisions of Article17 of Regulation (EU) No 596/2014 on market abuse and Article 226 of Law6/2023 of 17 March on Securities Markets and Investment Services andconcordant provisions, issues the following statement of insideinformation concerning the share buy-back program.;The Company's Boardof Directors has resolved unanimously to set-up a buy-back program forthe repurchase of its own shares (the _quot;Buy-back Program_quot;), pursuant tothe authorisation granted by resolution of the AmRest General Meeting ofShareholders held on 12 May 2022 under item nine of the agenda, relatingto the authorisation to the Board of Directors for the derivativeacquisition of AmRest shares.;The Buy-back Program will be conducted inaccordance with the transparency and operational requirements underRegulation (EU) No 596/2014 of the European Parliament and of theCouncil of 16 April 2014 on market abuse (Market Abuse Regulation) andCommission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (the_quot;Delegated Regulation 2016/1052_quot;) and will have the followingfeatures:;- Purpose of the Buy-back Program: to cover the settlements ofthe remuneration plans currently in force for AmRest Group executivesand employees.;- Maximum investment: the Buy-back Program will have amaximum monetary amount of EUR 6.3 million. The maximum monetary amountof the Buy-back Program may be reduced by the amount applied by theCompany, during its term, to the acquisition of its own shares in theblock market or outside the market for the same purpose, which will benotified to the market in the periodic communications of other relevantinformation informing of the transactions carried out under the Buy-backProgram or separately.;- Maximum number of shares: the maximum number ofshares to be acquired in the execution of the Buy-back Program willdepend on the average price at which purchases take place but will notexceed 10% of the Company's share capital.;- Price and volume: theacquisition of the shares will be carried out in accordance with theprice and volume conditions set out in article 3 of Delegated Regulation2016/1052. Specifically:;_#61607; AmRest may not acquire shares at a pricehigher than the higher of (a) the price of the last independenttransaction, or (b) the highest independent bid at that time on thetrading venue where the purchase is made, even if the shares are tradedon different trading venues. In addition, the limitations approved inthe resolution authorizing the acquisition of treasury shares granted tothe Board of Directors by AmRest's General Meeting of Shareholders heldon 12 May 2022 will be considered.; _#61607; AmRest may not purchase on anytrading day more than 25% of the average daily volume of AmRest shareson the Continuous Market of the Spanish Stock Exchanges or, as the casemay be, the Warsaw Stock Exchange, during the 20 trading days precedingthe date of purchase.;- Indicative duration of the program: the Buy-backProgram will commence on 5 July 2023 and will remain in force until 4July 2024. However, AmRest reserves the right to terminate the Buy-BackProgram if, prior to its expiry date, it reaches the maximum monetaryamount, or the maximum number of shares authorized by the Board ofDirectors or in the event of other circumstances that make it advisableto do so.;- Execution of the Buy-Back Program: Banco Santander, S.A. hasbeen appointed as the manager of the Buy-Back Program, which willindependently make decisions regarding the purchase of the AmRest shareswithout any influence or interference from the Company. Purchases underthe Buy-back Program may be made on the Continuous Market of the SpanishStock Exchanges or, as the case may be, the Warsaw Stock Exchange.;Theinterruption, termination and modification of the Buy-Back Program, aswell as information on all share purchase transactions carried outthereunder, shall be duly communicated to the Spanish Securities MarketCommission (CNMV) and the Polish Financial Supervision Authority (KNF)by means of the publication of the corresponding communications to themarket, in accordance with the provisions of Delegated Regulation2016/1052.;Legal act: Art. 17 Sec. 1 of Regulation (EU) No 596/2014 ofThe European Parliament and of The Council of 16 April 2014 on marketabuse (Market Abuse Regulation) and repealing Directive 2003/6/EC of theEuropean Parliament and of the Council and Commission Directives2003/124/EC, 2003/125/EC and 2004/72/EC