Valamar Riviera d.d.

M&A Activity • Jun 19, 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, 19th of June 2015 Reg. no.:10-67/15

Subject: Notification on closing of transaction

We inform you that on the 18th of June 2015 the company VALAMAR RIVIERA d.d, Poreč, Stancija Kaligari 1, OIB: 36201212847 (hereinafter: VALAMAR) paid out the direct shareholders of the three limited liability companies as follows: 96,84% shares of company BAŠKATURIST d.o.o., 91,24% shares of company MIRTA BAŠĆANSKA d.o.o. and 99,67% shares of company VALA BAŠĆANSKA d.o.o., all as scheduled in the previously concluded share transfer agreements.

Given that the mentioned companies also mutually held the remaining shares up to 100% in each limited liability company, it is through the described payment that VALAMAR acquired 100% of shares in stated limited liability companies. Described process also marked the transaction's closing.

Companies BAŠKATURIST d.o.o., MIRTA BAŠČANSKA d.o.o. and VALA BAŠĆANSKA d.o.o. hold shares that represent the total of 83.82% of share capital of HOTELI BAŠKA d.d. company seated in Baška, Emila Geistlicha 39, OIB: 07008253173 (hereinafter: HOTELI BAŠKA d.d.).

In addition, VALAMAR concluded some share purchase and transfer agreements with shareholders of HOTELI BAŠKA d.d. company through which VALMAR acquired additional shares representing 1,40% of share capital of HOTELI BAŠKA d.d. company for the price of 96 euro per share in kuna equivalent.

The total purchase price that VALAMAR paid in the above mentioned transactions to all sellers of business stakes and company shares amounts to 23.605.812,36 euro.

VALAMAR RIVIERA d.d.