Valamar Riviera d.d.

Business and Financial Review • Jan 24, 2019

HANFA – Croatian Financial Services Supervisory Agency 6 Franje Račkog 10000 Zagreb

HANFA – Official Registry of Regulated Information

Zagreb Stock Exchange 2a Ivana Lučića 10000 Zagreb

HINA – Croatian News Agency ots@hina.hr

Poreč, 24/01/2019 Reg. no: 1-5/19

Subject: Notification on the revision of the expected operating revenues in 2018

Valamar Riviera d.d., with registered office in Poreč, 1 Stancija Kaligari, personal identification number (OIB): 36201212847, (hereinafter: the Company), LEI: 529900DUWS1DGNEK4C68, Home Member State: Republic of Croatia, ISIN: HRRIVPRA000, Securities: RIVP (RIVP-R-A), Listing: The Official Market of Zagrebačka burza d.d. hereby informs that according to preliminary unaudited consolidated business results for the fourth quarter of 2018, the expected 2018 operating revenues of the Valamar Group will range between HRK 1,985 million and HRK 1,995 million which is above previously announced expected range of HRK 1,960 million to HRK 1,980 million. The expected level of EBITDA will be within previously announced range between HRK 690 million and HRK 700 million.

Valamar will publish the prescribed 2018 audited consolidated reports within the deadline prescribed by the relevant regulations.

Valamar Riviera d.d.