Valamar Riviera d.d.

Director's Dealing • May 31, 2017

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 Prescribed Information

Zagreb Stock Exchange 2a Ivana Lučića 10000 ZAGREB

HINA - Croatian News Agency ots@hina.hr

Poreč, 31/05/2017 File no: 17-47/17

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 on 29 May 2017, based on the decision of the General Assembly dated 4 May 2017 on dividend payout in Company's shares:

• 1. ALEN BENKOVIĆ, Vice President of Development, Facilities Maintenance and Technical Services, Procurator, acquired 6 regular shares of Valamar Riviera d.d., ticker RIVP-R-A, without nominal value.
• 1. VICKO FERIC, Member of the Supervisory Board of Valamar Riviera d.d., acquired 675 regular shares of Valamar Riviera d.d., ticker RIVP-R-A, without nominal value.
• 1. VESNA TOMIC, Head of Management Board Office, Procurator, acquired 57 regular shares of Valamar Riviera d.d., ticker RIVP-R-A, without nominal value.
• 1. LJUBICA GRBAC, Head of Finance and Accounting Sector, Procurator, acquired 47 regular shares of Valamar Riviera d.d., ticker RIVP-R-A, without nominal value.
• 1. MIRJANA GALOVIĆ, Head of Regulatory Compliance, insider, acquired 8 regular shares of Valamar Riviera d.d., ticker RIVP-R-A, without nominal value.
• 1. PATRICIA GOLJA, Profit center Director, insider acquired 3 regular shares of Valamar Riviera d.d., ticker RIVP-R-A, without nominal value.
• 1. BRUNO RADOŠ, Regional manager for campings Poreč and Brioni, Operational manager for campings, acquired 1 regular share of Valamar Riviera d.d., ticker RIVP-R-A, without nominal value.

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 Rivlera 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; ZAGREBAČKA 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 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 Člžmek; President of the Supervisory Board: Gustav Wurmböck.

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Alen Benković
2.	Reason for the notification
(a)	Position/status	Vice President of Development, Facilities Maintenance and Technical services, Procurator
(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
	Nature of the transaction	Acquisition - payout of one part of the dividend in rights-shares
(b)		The transaction is not linked to the exercise of a share option programme
(c)	Price(s) and volume(s)	Price(s)	Volume(s)
		HRK 41,76	6
	Aggregated information
(d)	- Aggregated volume	pieces 6
	- Price	HRK 41,76 (weighted average price of the aggregated transactions)
(e)	Date of the transaction	2017-05-29
(f)	Place of the transaction	Outside a trading venue
Signature

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Vicko Ferić
$\overline{2}$ .	Reason for the notification
(a)	Position/status	Member of the Supervisory Board
(b)	Initial notification/Amendment	Initial notification
13.	auction monitor		Details of the issuer, emission allowance market participant, auction platform, auctioneer or
(a)	Name	Poreč	Valamar Riviera dioničko društvo za turizam, 1 Stancija Kaligari, 52440
(b)	LEI	529900DUWS1DGNEK4C68
4.	transaction; (iii) each date; and (iv) each place where transactions have been conducted		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of
(a)	Description of the financial instrument, type of instrument	Ordinary shares of the issuer RIVP-R-A, ISIN: HRRIVPRA0000
	Identification code
(b)	Nature of the transaction		Acquisition - payout of one part of the dividend in rights-shares
(c)	Price(s) and volume(s)
		Price(s) HRK 41.76	Volume(s)
(d)	Aggregated information		675
	- Aggregated volume	pieces 675
	- Price		HRK 41.76 (weighted average price of the aggregated transactions)
(e)	Date of the transaction	2017-05-29
(f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Vesna Tomić
2.	Reason for the notification
(a)	Position/status	Head of Management Board Office, Procurator
(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
	Nature of the transaction	Acquisition - payout of one part of the dividend in rights-shares
(b)		The transaction is not linked to the exercise of a share option programme
	Price(s) and volume(s)	Price(s)	Volume(s)
		HRK 41,76	57
(c)	Aggregated information
(d)	- Aggregated volume — Price	pieces 57 - HRK 41,76 (weighted average price of the aggregated transactions)
(e)	Date of the transaction	2017-05-29

Signature

$4$

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Ljubica Grbac
2.	Reason for the notification
(a)	Position/status	Head of Finance and Accounting Sector, Procurator
(b)	Initial notification/Amendment	Initial notification
3.	auction monitor	Details of the issuer, emission allowance market participant, auction platform, auctioneer or
(a)	Name	52440 Poreč	Valamar Riviera dioničko društvo za turizam, 1 Stancija Kaligari,
(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 - payout of one part of the dividend in rights-shares The transaction is not linked to the exercise of a share option programme
(c)	Price(s) and volume(s)	Price(s)	Volume(s)
		HRK 41,76	47
(d)	Aggregated information - Aggregated volume -Price	pieces 47 HRK 41,76 (weighted average price of the aggregated transactions)
(e)	Date of the transaction	2017-05-29

$\overline{1}$ .	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Mirjana Galović
2.	Reason for the notification
(a)	Position/status	Head of Regulatory Compliance, insider
(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 -payout of one part of the dividend in rights-shares The transaction is not linked to the exercise of a share option
		programme
(c)	Price(s) and volume(s)	Price(s)	Volume(s)
		HRK 41,76	8
(d)	Aggregated information - Aggregated volume - Price	pieces 8 HRK 41,76 (weighted average price of the aggregated transactions)
(e)	Date of the transaction	2017-05-29
(f)	Place of the transaction	Outside a trading venue

$\mu Q$

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Patricia Golja
2.	Reason for the notification
(a)	Position/status	Profit center Director, insider
(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 - payout of one part of the dividend in rights-shares The transaction is not linked to the exercise of a share option programme
	Price(s) and volume(s)	Price(s)	Volume(s)
(c)		HRK 41,76	3
	Aggregated information
	-Aggregated volume	pieces 3
(d)	- Price	- HRK 41,76 (weighted average price of the aggregated transactions)
(e)	Date of the transaction	2017-05-29

$\widehat{\mathcal{F}}$

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Bruno Radoš
2.	Reason for the notification
(a)	Position/status	Regional manager for campings Poreč and Brioni, Operational manager for campings
(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 - payout of one part of the dividend in rights-shares
		The transaction is not linked to the exercise of a share option programme
(c)	Price(s) and volume(s)	Price(s)	Volume(s)
		HRK 41.76	1.
	Aggregated information
	-Aggregated volume	pieces 1
(d)	- Price	- HRK 41,76 (weighted average price of the aggregated transactions)
(e)	Date of the transaction	2017-05-29
(f)	Place of the transaction	Outside a trading venue