Valamar Riviera d.d.

Board/Management Information • Feb 4, 2016

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

In Poreč, 4.2.2016. Ur.broj: 1-11/16

Subject: Announcement of Management board and Supervisory board meeting and initiation of merger process

Valamar Riviera d.d. seated in Poreč, Stancija Kaligari 1, OIB 36201212847 (hereinafter: Company) in accordance with provisions of Law on Capital Market and in accordance with the Rules of the Zagreb Stock Exchange hereby announces that MB and SB Meetings of the Company are convened as follows:

• Management board meeting will be held on the 9th of February 2016 with the agenda - determination of temporary unaudited Financial reports for 2015. with included reports for Fourth Quarter of 2015. and Draft of merger Agreement between Hoteli Baška d.d., as merged company and Valamar Riviera d.d. as takeover company.

• Supervisory board meeting will be held on the 10th of February 2016 to give approval and consent to Draft of Merger agreement between Hoteli Baška d.d., as merged company and Valamar Riviera d.d. as takeover company.

Kind regards,

Management Board of Valamar Riviera d.d.