Jadran d.d. — Share Issue/Capital Change 2018

Oct 3, 2018

JADRAN d.d. Bana Jelačića 16 51260 Crikvenica

Crikvenica, 1 October 2018

ZAGREB STOCK EXCHANGE d.d. Ivana Lučića 2a 10000 Zagreb

Notice

In accordance with the provisions of the Capital Market Act and the Rules of the Zagreb Stock Exchange, we hereby inform you that the Management Board of Jadran d.d. on 28 September 2018 adopted the Decision on the exact amount of the increase in the share capital and the exact number of new shares, as approved by the Supervisory Board on 28 September 2018.

Furthermore, on 28 September 2018 the Supervisory Board has adopted the Decision on the adjustment of the Statute of Jadran d.d., in accordance with the Decision of the General Assembly on the increase in the share capital by contributions in cash of 24 August 2018.

The Decision on the exact amount of the increase in the share capital and the exact number of new shares as well as the Supervisory Board's approval thereof and the Supervisory Board's Decision on the adjustment of the Company's Statute are attached to this notice.

____________________

Goran Fabris, President of the Management Board

____________________

Karlo Čulo, Member of the Management Board

Attachments:

• The Management Board's Decision on the exact amount of the increase in the share capital and the exact number of new shares
• The Supervisory Board's Approval of the Management Board's Decision on the exact amount of the increase in the share capital and the exact number of new shares
• The Supervisory Board's Decision on the adjustment of the Company's Statute

Jadran d.d. Hotels and Tourism, Bana Jelačića 16, HR-51260 Crikvenica | www.jadran-crikvenica.hr

Management Board: Phone: +385 (0)51 241 222 Fax: +385 (0)51 241 632 Email: uprava@jadran-crikvenica.hr Marketing: Phone: +385 (0)51 241 970 Fax: +385 (0)51 241 975 Email: marketing@jadran-crikvenica.hr Personal Identifiacation Number (OIB): 56994999963 Privredna banka d.d. 2340009-1110722690 IBAN: HR4323400091110722690 SWIFT: PBZGHR2X

JADRAN d.d.

MANAGEMENT BOARD OF THE COMPANY

Crikvenica, 28 September 2018

Based on the Decision of the General Assembly on the increase in the share capital by contributions in cash of 24 August 2018, the Management Board of JADRAN d.d., seated in Crikvenica, Bana Jelačića 16, Company Identification Number (OIB): 56994999963 (the "Company"), on 28 September 2018 adopts the following:

DECISION ON THE EXACT AMOUNT OF INCREASE IN THE SHARE CAPITAL AND THE EXACT NUMBER OF NEW SHARES

1.) It is established that, after the implementation of the procedure of subscription and payment of New Shares, the total paid amount is 200,000,640.00, which is paid into the special account of the Company opened at Privredna banka Zagreb d.d., account no. HR4123400091300001251, payment basis New Shares, i.e. a total of 11,594,240 New Shares.

2.) It is established that the amount of the increase in the share capital is 200,000,640.00 and that the number of New Shares is 11,594,240.

3.) Following the aforementioned, the share capital of the Company has been increased from the amount of HRK 282,507,090.00 (two hundred eighty-two million five hundred seven thousand ninety) by the amount of HRK 200,000,640.00 (two hundred million six hundred forty) to the amount of HRK 482,507,730.00 (four hundred eighty-two million five hundred seven thousand seven hundred thirty).

4.) This Decision shall enter into force on the date of its adoption.

5.) The Company's share capital will be considered increased from the date of entering this increase in the Court Registry of the Commercial Court in Rijeka.

President of the Management Board

___________________

Goran Fabris

Member of the Management Board

__________________

Karlo Čulo

Jadran d.d. Hotels and Tourism, Bana Jelačića 16, HR-51260 Crikvenica | www.jadran-crikvenica.hr

Management Board: Phone: +385 (0)51 241 222 Fax: +385 (0)51 241 632 Email: uprava@jadran-crikvenica.hr Marketing: Phone: +385 (0)51 241 970 Fax: +385 (0)51 241 975 Email: marketing@jadran-crikvenica.hr Personal Identifiacation Number (OIB): 56994999963 Privredna banka d.d. 2340009-1110722690 IBAN: HR4323400091110722690 SWIFT: PBZGHR2X

The share capital amounts to HRK 491,316,690.00 paid in full divided into 49,131,669 ordinary shares with a nominal amount of HRK 10,00 each. The Company is registered in the Court Registry of the Commercial Court in Rijeka under MBS: 040000817. President of the Management Board: Goran Fabris, Member of the Management Board: Karlo Čulo, President of the Supervisory Board: Tomislav Kitonić

JADRAN d.d. SUPERVISORY BOARD Crikvenica, 28 September 2018

Based on the Decision of the General Assembly on the increase in the share capital by contributions in cash of 24 August 2018, the Supervisory Board of JADRAN d.d., seated in Crikvenica, Bana Jelačića 16, Company Identification Number (OIB): 56994999963 (the "Company"), on 28 September 2018 adopts the following:

APPROVAL OF THE DECISION ON THE EXACT AMOUNT OF INCREASE IN THE SHARE CAPITAL AND THE EXACT NUMBER OF NEW SHARES

1.) Approval is given to the Management Board of the Company regarding the Decision on the exact amount of the increase in the share capital and the exact number of new shares, as stated in the Decision draft of 28 September 2018, which is attached to this Decision and forms an integral part thereof.

2.) This Decision shall enter into force on the date of its adoption.

President of the Supervisory Board

Tomislav Kitonić

Jadran d.d. Hotels and Tourism, Bana Jelačića 16, HR-51260 Crikvenica | www.jadran-crikvenica.hr

Management Board: Phone: +385 (0)51 241 222 Fax: +385 (0)51 241 632 Email: uprava@jadran-crikvenica.hr Marketing: Phone: +385 (0)51 241 970 Fax: +385 (0)51 241 975 Email: marketing@jadran-crikvenica.hr Personal Identifiacation Number (OIB): 56994999963 Privredna banka d.d. 2340009-1110722690 IBAN: HR4323400091110722690 SWIFT: PBZGHR2X

The share capital amounts to HRK 491,316,690.00 paid in full divided into 49,131,669 ordinary shares with a nominal amount of HRK 10,00 each. The Company is registered in the Court Registry of the Commercial Court in Rijeka under MBS: 040000817. President of the Management Board: Goran Fabris, Member of the Management Board: Karlo Čulo, President of the Supervisory Board: Tomislav Kitonić

JADRAN d.d. SUPERVISORY BOARD Crikvenica, 28 September 2018

Pursuant to Article 301, paragraph 1 of the Companies Act, the Supervisory Board of JADRAN d.d., seated in Crikvenica, Bana Jelačića 16, Company Identification Number (OIB): 56994999963 (the "Company"), regarding the implementation of the Decision of the General Assembly on the increase in the share capital by contributions in cash of 24 August 2018, at its 9th assembly held on 28 September 2018 adopts the following:

DECISION ON THE ADJUSTMENT OF THE COMPANY'S STATUTE

1.) The provision of Article 9, paragraph 1 of the Company's Statute of 24 August 2018 is changed in such a way that the number and words "HRK 282,507,090.00 (two hundred eighty-two million five hundred seven thousand ninety)" are replaced by the number and words "HRK 482,507,730.00 (four hundred eighty-two million five hundred seven thousand seven hundred thirty)".

2.) The provision of Article 9, paragraph 2 of the Company's Statute of 24 August 2018 is changed in such a way that the number "16,377,223" is replaced by the number "27,971,463".

3.) The full text of the Company's Statute is attached to this Decision and forms an integral part thereof.

4.) This Decision shall enter into force on the date of its adoption.

5.) The Company's share capital will be considered increased from the date of entering this increase in the Court Registry of the Commercial Court in Rijeka.

President of the Supervisory Board

Tomislav Kitonić

Jadran d.d. Hotels and Tourism, Bana Jelačića 16, HR-51260 Crikvenica | www.jadran-crikvenica.hr

Management Board: Phone: +385 (0)51 241 222 Fax: +385 (0)51 241 632 Email: uprava@jadran-crikvenica.hr Marketing: Phone: +385 (0)51 241 970 Fax: +385 (0)51 241 975 Email: marketing@jadran-crikvenica.hr Personal Identifiacation Number (OIB): 56994999963 Privredna banka d.d. 2340009-1110722690 IBAN: HR4323400091110722690 SWIFT: PBZGHR2X

The share capital amounts to HRK 491,316,690.00 paid in full divided into 49,131,669 ordinary shares with a nominal amount of HRK 10,00 each. The Company is registered in the Court Registry of the Commercial Court in Rijeka under MBS: 040000817. President of the Management Board: Goran Fabris, Member of the Management Board: Karlo Čulo, President of the Supervisory Board: Tomislav Kitonić