Valamar Riviera d.d.

M&A Activity • Oct 12, 2016

HANFA – Croatian Financial Services Supervisory Agency 24b Miramarska 10 000 Zagreb

HANFA-Official register of Regulated Information

Zagreb Stock Exchange 2a Ivana Lučića 10 000 Zagreb

HINA- Croatian News Agency ots@hina.hr

Poreč, 12.10.2016. File no: 1-89/16

Subject: Notice of IMPERIAL d.d. Rab Share Transfer Statement Release

We hereby inform you that the company VALAMAR RIVIERA d.d., with registered office in Poreč, 1 Stancija Kaligari, egistered at the Commercial Court in Pazin, registration number (MBS) 040020883, personal identification number (OIB): 36201212847 (hereinafter: the Company or Valamar), upon the payment of HRK 260.807.274,00 for 318.446 shares, with a nominal amount of HRK 400,00 each, of the company IMPERIAL hoteljerstvo, ugostiteljstvo i turizam d.d. with registered office in Rab, 2 Jurja Barakovića (hereinafter: IMPERIAL d.d.), and according to the provisions of the Purchase and Transfer Agreement of IMPERIAL d.d. shares, concluded on 20 September 2016, with the Republic of Croatia, the State Agency For Deposit Insurance And Bank Resolution, the Croatian Pension Insurance Institute and the Restructuring And Sale Center (all hereinafter: CERP), received on 12 October 2016, CERP's Share Transfer Statement regarding IMPERIAL d.d.'s 318.446 shares. The transfer of the purchased shares to the Company will be made in the depository of the Central Depository and Clearing Company, pursuant to the said Statement and according to pertaining regulations.

VALAMAR RIVIERA d.d.