Valamar Riviera d.d.

M&A Activity • May 25, 2015

HANFA- Croatian Agency for Supervision of Financial Services Miramarska cesta 24 b 10000 ZAGREB

HANFA – Official Register of Regulated Information

Zagreb stock exchange d.d. Ivana Lučića 2a 10000 ZAGREB

HINA – Croatian News Agency ots@hina.hr

Poreč, 25.05.2015. Reg. no: 10-57/15

Subject: Notification on purchase offer

We hereby inform you that on the 25th of May 2015 the VALAMAR RIVIERA d.d., Poreč company, seated in Stancija Kaligari 1, OIB: 36201212847 (hereinafter: VALAMAR) expressed its intention to purchase all shares in three limited liability companies (BAŠKATURIST d.o.o., MIRTA BAŠĆANSKA d.o.o. and VALA BAŠĆANSKA d.o.o.) which companies hold a total of 83,82 % of shares of HOTELI BAŠKA d.d., seated in Baška, Emila Geistlicha 39, OIB: 07008253173.

According to VALAMAR's valuation, the total purchase price offered to all shareholders of aforementioned limited liability companies equals 24.090.861 EUR in kuna equivalent, which indirectly means a price of 96 EUR per share of the company HOTELI BAŠKA d.d.

In the event that the shareholders of stated companies accept the offer of Valamar, it is expected that the transaction will be completed during the two upcoming months.

VALAMAR RIVIERA d.d.