Valamar Riviera d.d.

Director's Dealing • May 8, 2017

VALAMAR RIVIERA

Valamar Riviera d.d. Stancija Kaligari 1 / 52440 Poreč / Croatia T +385 52 408 000 F +385 52 451 608 www.valamar.com E info@valamar.com

HANFA- Croatian Financial Services Supervisory Agency 24b Miramarska cesta 10000 ZAGREB

HANFA-Official Registry of Regulated Information

Zagreb Stock Exchange 2a Ivana Lučića 10000 ZAGREB

HINA - Croatian News Agency ots@hina.hr

Poreč, 08/05/2017 File no: 17-39/17

Subject: Notification of Shares Acquisition (Article 464, Capital Market Act, Regulation (EU) No 596/2014

Valamar Riviera d.d. with registered office in Poreč.1 Stancija Kaligari, personal identification number (OIB): 36201212847 (hereinafter: the Company) according to Article 122 of the Zagreb Stock Exchange Rules, Article 464 of the Capital Market Act, Regulation (EU) No 596/2014 of the European Parliament and of the Council dated 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission implementing Regulation (EU) 2016/523 dated 10 March 2016 laying down implementing technical standards with regard to the format and template for notification and public disclosure of managers' transactions in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council, notifies that Mr. MARKO ČIŽMEK from Zagreb, 70 Martićeva, Management Board Member, on 5 May 2017, pursuant to the Supervisory Board decision on 2016 bonus and the Share transfer agreement dated 5 May 2017, acquired 10,128 (ten thousand one hundred twenty-eight) shares of the company VALAMAR RIVIERA d.d. from Poreč, 1 Stancija Kaligari, ticker: RIVP-R-A, without nominal amount, and Mr ŽELJKO KUKURIN from Poreč, 8 Grabova, Kukci, Management Board President, on 5 May 2017, pursuant to the Supervisory Board decision on 2016 bonus and the Share transfer agreement dated 5 May 2017 acquired 9, 604 (nine thousand six hundred and four) shares of the company VALAMAR RIVIERA d.d. from Poreč, 1 Stancija Kaligari, ticker: RIVP-R-A, without nominal amount.

The prescribed information on the prescribed template is given below.

VALAMAR RIVIERA d.d.

Commercial Court in Pazin, Company Registry Number 040020883, VAT identification number HR36201212847; Company: Valamar Riviera Joint Stock Company for Tourism; shortened company name: Valamar Riviera d.d.: HRK 1.672.021.210,00 of shared capital, fully paid, 126.027.542 shares; Registry Number 3474771; Accounts: ADDIKO BANK d.d. Zagreb IBAN: HR 2625000091101024767, SWIFT: HAABHR22; ZAGREBACKA BANKA d.d. Zagreb IBAN: HR 4123600001101319202, SWIFT: ZABAHR2X; ERSTE & STEIERMÄRKISCHE BANK d.d. Rijeka IBAN: HR 0624020061100389454, SWIFT: ESBCHR22; PRIVREDNA BANKA d.d. Zagreb IBAN: HR 4723400091100153498, SWIFT: PBZGHR2X; RAIFFEISEN BANK AUSTRIA d.d. Zagreb IBAN: HR 1624840081102134625, SWIFT: RZBHHR2X; SOCIETE GENERALE - SPLITSKA BANKA d.d. Split IBAN: HR 4023300031100321684, SWIFT: SOGEHR22; SBERBANK d.d. Zagreb IBAN: HR 9025030071100039991, SWIFT: VBCRHR22; ISTARSKA KREDITNA BANKA UMAG d.d. Umag IBAN: HR 7423800061110009020, SWIFT: ISKBHR2X; OTP BANKA d.d. Zadar IBAN: HR 4724070001100365752, SWIFT: OTPVHR2X; CROATIA BANKA d.d. Zagreb IBAN: HR 4824850031100284295, SWIFT: CROAHR2X; President of the Management Board: Željko Kukurin, Member of the Management Board: Marko Čižmek; President of the Supervisory Board: Gustav Wurmböck.

Template for notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Marko Čižmek
2.	Reason for the notification
(a)	Position/status	Member of the Management Board
(b)	Initial notification/Amendment	Initial notification
3.	auction monitor	Details of the issuer, emission allowance market participant, auction platform, auctioneer or
(a)	Name	Valamar Riviera dioničko društvo za turizam, 1 Stancija Kaligari, 52440 Poreč
(b)	LEI	529900DUWS1DGNEK4C68
4.		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
(a)	Description of the financial instrument, type of instrument	Ordinary shares of the issuer
	Identification code	RIVP-R-A, ISIN: HRRIVPRA0000
(b)	Nature of the transaction	Acquisition The transaction is not linked to the exercise of a share option programme
	Price(s) and volume(s)	Price(s)	Volume(s)
		HRK 41,78	10.128
(c)
(d)	Aggregated information - Aggregated volume - Price	pieces 10.128 - HRK 41,78 (weighted average price of the aggregated transactions)
(e)	Date of the transaction	2017-05-05
(f)	Place of the transaction	Outside a trading venue

$Signatte²$

Template for notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Željko Kukurin
2.	Reason for the notification
(a)	Position/status	President of the Management Board
(b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Valamar Riviera dioničko društvo za turizam, 1 Stancija Kaligari, 52440 Poreč
(b)	LEI	529900DUWS1DGNEK4C68
4.		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
(a)	Description of the financial instrument, type of instrument	Ordinary shares of the issuer
	Identification code	RIVP-R-A, ISIN: HRRIVPRA0000
(b)	Nature of the transaction	Acquisition The transaction is not linked to the exercise of a share option programme
	Price(s) and volume(s)	Price(s)	Volume(s)
(c)		HRK 41,78	9.604
(d)	Aggregated information - Aggregated volume - Price	pieces 9.604 - HRK 41,78 (weighted average price of the aggregated transactions)
(e)	Date of the transaction	2017-05-05
(f)	Place of the transaction	Outside a trading venue

Signature