Ad hoc: Jubii Europe N.V. (ISIN NL0000233195) filed a lawsuit against the Dutch tax authorities' decision denying that the Jubii Europe N.V. has VAT deduction right

As reported in the Ad hoc announcement on February 26, 2019 the Dutch tax authorities started in 2017 a tax audit with respect to sales tax (VAT) for the period 2013 until 2018. The tax authorities have taken the position that Jubii Europe N.V. was not engaged in economic activities which would entitle Jubii Europe N.V. to a VAT deduction right during the years of examination.  Jubii Europe N.V. has objected to the Dutch tax authorities' assessment immediately. On September 27, 2019 the Dutch tax authorities rejected Jubii Europe N.V.'s appeal, announced that they adhere to their assessment that Jubii Europe N.V. has no VAT deduction right and claimed the repayment of input VAT of kEUR 1,185 inclusive interest and fines. According to the decision of the Dutch tax authorities, Jubii Europe N.V. has paid the claimed amount on October 8, 2019. To comply with the statutory period Jubii Europe N.V. filed a lawsuit against the Dutch tax authorities' decision on November 5, 2019. Meanwhile, further careful consideration in close cooperation with Jubii Europe N.V.'s tax adviser will be given to assess whether this lawsuit will be further pursued. The lawsuit can at any time be withdrawn without additional costs if the continuation is not deemed feasible for Jubii Europe N.V.. Jubii Europe N.V. Haarlem, The Netherlands, November 5, 2019