Valamar Riviera d.d.

M&A Activity • Feb 11, 2016

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

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

HINA – Croatian News Agency ots@hina.hr

Poreč, 11th of February 2016 Reg. no.:1-17/16

Subject: Notification on submitting to the court register the Merger agreement and notification to the shareholders in accordance with articles 517. paragraph 2 and 531 paragraph 1 of Companies Act

We notify that Merger agreement between Valamar Riviera d.d. seated in Poreč, Stancija Kaligari 1, entered into the court registry of the Commercial Court of Pazin under the number (MBS) 040020883, OIB: 36201212847 as transferee company (further: Transferee company) and the company HOTELI BAŠKA d.d. seated in Baška, Geistlicha Emila 39, entered into the court registry of the Commercial Court of Rijeka under the number (MBS) 040024348, OIB: 07008253173 (hereinafter: Transferor company), is concluded on 10th of February 2016. and notified by Public notary Tanja Ferenc from Poreč, under the number: OV-755/16 (further in text: Merger agreement) and that Merger agreement is submited to court registry of the Commercial Court in Rijeka and Commercial Court in Pazin on 11th of February 2016.

We inform shareholders that the Merger Agreement and all documentation related to the subject merger prescribed by provisions of Article 517. Paragraph 2 of the Companies Act is available from 15th of February 2016 on the web site of Transferee company www.riviera-adria.com free of charge.

The Transferee company is the only shareholder of the Transferor company and in accordance with the provisions of Article 531, Paragraph 1 of the Companies Act the General assembly of the Transferee company is not convened because of merger.

The shareholders of the Transferee company whose shares together reach at least the twentieth part of the share capital of the Transferee company are entitled to submit to the Management Board of the Transferee company request to convene the General Assembly for approval of the Merger Agreement, within one month from the date of publication of this notice and documentation in accordance with Article 517. Paragraph 2 of the Companies Act, but latest till 15 th of March 2016.

Valamar Riviera d.d.