Vail Resorts Provides Update Following Close of Nominations Window, Reiterates Active Search Underway in its Ongoing Commitment to Board Refreshment

Vail Resorts, Inc. (NYSE: MTN ) issued the following statement today in response to notices of intent to nominate individuals for election to its Board of Directors that the Company received during its nominations window, which closed yesterday. The Company confirms that it received the notices of intent to nominate the following individuals for its Board of Directors, via the named shareholders on the following dates: Via Oasis Management, on September 9 and 10: Robert A. Chapek of Florida; M. Ashton Hudson of Florida; Bryce Roberts of Utah; and Picabo Street of Utah. Via Gregory Syvert Meyer, on September 10: The Company also received a self-nomination of Gregory Syvert Meyer of Florida. Vail Resorts prioritizes consistent engagement with shareholders and welcomes ongoing dialogue around the shared interest of continuing to drive long-term shareholder value. As previously announced , the Company has an active, fulsome search underway for a new independent Director, which it expects to complete in early 2027. After evaluating all candidates, the Board will include its recommended slate of director nominees in the Company's proxy statement to be filed with the Securities and Exchange Commission and distributed to all shareholders eligible to vote at the annual meeting. Vail Resorts shareholders are not required to take any action at this time.

About Vail Resorts, Inc. (NYSE: MTN ) Vail Resorts is a network of the best destination and close-to-home ski resorts in the world including Vail Mountain, Breckenridge, Park City Mountain, Whistler Blackcomb, Stowe, and 32 additional resorts across North America; Andermatt-Sedrun and Crans-Montana Mountain Resort in Switzerland; and Perisher, Hotham, and Falls Creek in Australia. We are passionate about providing an Experience of a Lifetime to our team members and guests, and our EpicPromise is to reach a zero net operating footprint by 2030, support our employees and communities, and broaden engagement in our sport. Our Company owns and/or manages a collection of elegant hotels under the RockResorts brand, a portfolio of vacation rentals, condominiums and branded hotels located in close proximity to our mountain destinations, as well as the Grand Teton Lodge Company in Jackson Hole, Wyo. Vail Resorts Retail operates retail and rental locations across North America. Learn more about our company at www.VailResorts.com , or discover our resorts and pass options at www.EpicPass.com .

Certain statements discussed in this press release, other than statements of historical information, are forward-looking statements within the meaning of federal securities laws, including the statements regarding the search for and impacts of an additional independent director. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include, but are not limited to, risks related to a prolonged weakness in general economic conditions, including adverse effects on the overall travel and leisure related industries and our business and results of operations; unfavorable weather conditions or the impact of natural disasters or other unexpected events; the willingness or ability of our guests to travel due to terrorism, the uncertainty of military conflicts or public health emergencies, and the cost and availability of travel options and changing consumer preferences or discretionary spending habits; the seasonality of our business combined with adverse events that may occur during our peak operating periods; the impact of stockholder activism and a potential proxy contest; and the other risks and uncertainties described in the Company's filings with the Securities and Exchange Commission, ...