Arena Hospitality Group d.d.

Major Shareholding Notification • Dec 29, 2016

ARENATURIST d.d. za turizam i ugostiteljstvo HR - 52100 PULA Smareglina ulica 3. pp 110 Telefon: CENTRALA 052/223-811 UPRAVA DRUŠTVA: 217-034, FAX 215-263 www.arenaturist.hr e-mail: uprava@arenaturist.hr

HRVATSKA AGENCIJA ZA NADZOR FINANCIJSKIH USLUGA SEKTOR ZA TRŽIŠTE KAPITALA Miramarska 24b 10000 Zagreb

ZAGREBAČKA BURZA d.d. Ivana Lučića 2a 10000 Zagreb

ISIN: HRARNTRA0004 ARNT-R-A Kotacija: Službeno tržište Zagrebačke burze d.d.

Pula, 29. prosinca 2016.

Predmet: ALLIANZ SE - informacija o zaprimljenoj Obavijesti

Sukladno odredbama Zakona o tržištu kapitala, ARENATURIST d.d., Smareglina ulica 3, Pula, OIB 47625429199, obavještava da je dana 29.12.2016. od društva ALLIANZ SE zaprimio Obavijest, koja se nalazi u privitku ove informacije kao njezin sastavni dio.

Prema članku 10. priložene Obavijesti, vlasnička prava društva Allianz ZB d.o.o. društvo za upravljanje obveznim mirovinskim fondom i/ili Allianz Invest d.o.o. za upravljanje investicijskim fondovima u ARENATURIST d.d. ostaju nepromijenjena.

ARENATURIST d.d.

Date:19 December 2016 ESMA/2015/1597

Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the competent authority)

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached":

Arenaturist d.d. Smareglina 3, 52100, PULA (POLA), HR Croatia (Ticker: ARNT-R-A / ISIN: HRARN-TRA0004 / MBS: 040022901 / OIB: 47625429199)

1. Reason for the notification (please tick the appropriate box or boxes):

[] An acquisition or disposal of voting rights

[] An acquisition or disposal of financial instruments

[] An event changing the breakdown of voting rights

[x] Other (please specify)": Applying Exemption under Article 420 para. 1 and 2 of the Capital Market Act

1. Details of person subject to the notification obligation^*:

Name: ALLIANZ SE City and country of registered office (if applicable): Königinstr. 28, 80802 Munich, Germany, HRB 164232.

1. Full name of shareholder(s) (if different from 3.)":

5. Date on which the threshold was crossed or reached^*:

14.12.2016

6. Total positions of person(s) subject to the notification obligation:

	% of voting rights attached to shares (total of 7.A)	% of voting rights through financial in- struments (total of $7.B.1 + 7.B.2$ )	Total of both in % $(7.A + 7.B)$	Total number of voting rights of issuer vi
Resulting situation on the date on which threshold was crossed or reached	0,16%	$0.00\%$	0.16%	2.182.500
Position of previous notification (if appli- cable)	9.16%	$0.00\%$	9,16

7. Notified details of the resulting situation on the date on which the threshold was crossed or reached^xit:

A: Voting rights attached to shares

Class/type of	Number of voting rights *		% of voting rights
shares ISIN code (if possi- ble)	Direct (Art 9 of Directive 2004/109/EC)	Indirect (Art 10 of Directive 2004/109/EC)	Direct (Art 9 of Directive 2004/109/EC)	Indirect (Art 10 of Directive 2004/109/EC)
HRARNTRA0004	O	3512	0,00	0,16%
SUBTOTAL A	3512		0.16%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
Type of financial instrument	Expiration $date^x$	Exercise/ Conversion Period*	Number of voting rights that may be acquired if the instrument is exer- cised/converted.	% of voting rights
		SUBTOTAL B.1

2004/109/EC			B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive
Type of financial instrument	Expiration $date^*$	Exercise/ Conversion Period *	Physical or cash settlement xii	Number of voting rights	% of voting rights
			SUBTOTAL B.2

1. Information in relation to the person subject to the notification obligation (please tick the applicable box):

[] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii

[x] Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or * legal entity**:

Name ∞	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial in- struments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Allianz SE
Allianz Holding eins GmbH
Allianz New Holding GmbH
Allianz ZB d.o.o. društvo za upravljanje obveznim miro- vinskim fondom	8.74%
Allianz SE
Allianz Holding eins GmbH
Allianz New Europe Holding GmbH
Allianz Zagreb d.d.
Allianz Invest d.o.o. za uprav- ljanje investicijskim fondo- vima

1. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]

10. Additional information^xy:

Allianz SE, Allianz Holding eins GmbH and Allianz New Europe Holding GmbH have exercised their right of aggregation exemption, resulting in having no more indirect voting rights subject to article 413 CMA. Allianz ZB d.o.o. društvo za upravljanje obveznim miro-vinskim fondom and/or Allianz Invest d.o.o. za upravljanje investicijskim fondovima's voting rights in Arenaturist d.d. remain unaffected..

$\overline{\phantom{a}}$

Done at Munich on 19^th December 2016

Annex: Notification of major holdings (only to be filed with competent authority and not with the relevant issuer)

A: Identity of the person subject to the notification obligation
Full name (including legal form for legal entities) Allianz SE
Contact address (registered office for legal entities)
Königinstr. 28, 80802 Munich, Germany.
E-Mail
group.compliance@allianz.de
Phone number / Fax number
Other useful information (at least legal a contact person for legal persons)

B: Identity of the notifier, if applicable

Full name Michael Sieburg

Contact address

Königinstr. 28, 80802 Munich, Germany.

$E$ -Mail michael.sieburg@allianz.com

Phone number / Fax number +49 89 3800 19957/ +49 89 3800 10057

Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information: