Valamar Riviera d.d.

Director's Dealing • Jul 3, 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. 03/07/2017 File no: 17-57/17

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 30 June 2017, pursuant to the Management Board decision on 2016 bonus and the Share transfer agreement dated 30 June 2017:

• 1. DAVID POROPAT, Vice President of Operations, Procurator, acquired 2,124 regular shares of Valamar Riviera d.d., ticker RIVP-R-A, without nominal value.
• 1. DAVOR BRENKO, Vice President of Sales and Marketing, Procurator, acquired 2,015 regular shares of Valamar Riviera d.d., ticker RIVP-R-A, without nominal value.
• 1. ALEN BENKOVIĆ, Vice President of Development, Asset Management and Technical Services, Procurator, acquired 1,996 regular shares of Valamar Riviera d.d., ticker RIVP-R-A, without nominal value.
• TOMISLAV DUMANČIĆ, Cluster Manager, Procurator, acquired 1,541 regular shares of Valamar Riviera d.d., 4. ticker RIVP-R-A, without nominal value.
• 1. VLASTIMIR IVANČIĆ, Director of the IT and User Support Sector, Procurator, acquired 626 regular shares of Valamar Riviera d.d., ticker RIVP-R-A, without nominal value.
• 1. ANDREA ŠTIFANIĆ, Director of Development, Asset Management and General Administration, Procurator, acquired 804 regular shares of Valamar Riviera d.d., ticker RIVP-R-A, without nominal value.
• 1. SEBASTIAN PALMA, Director of the Strategic Planning and Controlling Sector, Procurator, acquired 1,229 regular shares of Valamar Riviera d.d., ticker RIVP-R-A, without nominal value.
• DRAGAN VLAHOVIĆ, Director of the Purchasing Sector, Procurator, acquired 980 regular shares of Valamar 8. Riviera d.d., ticker RIVP-R-A, without nominal value.
• ŽELJKO JURCAN, Director of Operations for the Poreč Destination and Deputy VP of Operations, acquired $\Omega$ 1,256 regular shares of Valamar Riviera d.d., ticker RIVP-R-A, without nominal value.

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 pald, 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 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.

• 1. SANDI SINOŽIĆ, Director of the Rabac Destination, acquired 1,024 regular shares of Valamar Riviera d.d., ticker RIVP-R-A, without nominal value.
• 1. DARIO KINKELA, Director of the Food and Beverages Sector, acquired 781 regular shares of Valamar Riviera d.d., ticker RIVP-R-A, without nominal value
• 1. IVAN KARLIĆ, Director of Operations for the Dubrovnik Destination and PC Manager, acquired 1,003 regular shares of Valamar Riviera d.d., ticker RIVP-R-A, without nominal value
• 1. IVANA BUDIN ARHANIĆ, Vice President of Business Development and Corporate Affairs, Procurator, acquired 2,252 regular shares of Valamar Riviera d.d., ticker RIVP-R-A, without nominal value
• 1. LJUBICA GRBAC, Director of the Finance and Accounting Sector, Procurator, acquired 1,038 regular shares 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.

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	David Poropat
2.	Reason for the notification
(a)	Position/status	Vice President of Operations
(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
(c)	Price(s) and volume(s)	Price(s)	Volume(s)
		HRK 43.69	2,124
(d)	Aggregated information - Aggregated volume $-$ Price	pieces 2,124 HRK 43.69 (weighted average price of the aggregated transactions)
(e)	Date of the transaction	2017-06-30
(f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Davor Brenko
2.	Reason for the notification
(a)	Position/status	Vice President of Sales and Marketing
(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
(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 43.69	2,015
	Aggregated information -Aggregated volume	pieces 2,015
(d)	— Price	HRK 43.69 (weighted average price of the aggregated transactions)
(e)	Date of the transaction	2017-06-30
(f)	Place of the transaction	Outside a trading venue

1.		Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Alen Benković
$\overline{2}$ .	Reason for the notification
(a)	Position/status	Vice President of Development, Asset Management and Technical Services
(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
	Nature of the transaction	Acquisition
(b)		The transaction is not linked to the exercise of a share option programme
	Price(s) and volume(s)	Price(s)	Volume(s)
		HRK 43.96	1,996
	Aggregated information
	- Aggregated volume	pieces 1,996
(c) (d)	- Price	HRK 43.96 (weighted average price of the aggregated transactions)
(e)	Date of the transaction	2017-06-30

$Signature$

		Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Tomislav Dumančić
2.	Reason for the notification
(a)	Position/status
(b)		Cluster Manager
	Initial notification/Amendment	Initial notification
3.		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
	Nature of the transaction	Acquisition
(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 43.69
	Aggregated information		1,541
	-Aggregated volume	$-$ pieces 1,541
	- Price	- HRK 43.69 (weighted average price of the aggregated transactions)
	Date of the transaction Place of the transaction	2017-06-30

Signature Aumeur

$\mathbf{1}$	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Vlastimir Ivančić
2.	Reason for the notification
(a)	Position/status	Director of the IT and User Support Sector
(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 43.69	626
(d)	Aggregated information - Aggregated volume - Price	pieces 43.69 HRK 626 (weighted average price of the aggregated transactions)
(e)	Date of the transaction	2017-06-30
(f)	Place of the transaction	Outside a trading venue

Signature Ulies H' 1 her ord

$\mathbf{1}$ .	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Andrea Štifanić
2.	Reason for the notification
(a)	Position/status	Director of Development, Asset Management and General Administration
(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
	Nature of the transaction	Acquisition
(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 43.69	804
	Aggregated information
	- Aggregated volume	pieces 804
(d)	- Price	HRK 43.69 (weighted average price of the aggregated transactions)
(e)	Date of the transaction	2017-06-30
(f)	Place of the transaction	Outside a trading venue

$\n_Signature 6 $\sqrt{\frac{1}{2}}$$

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Sebastian Palma
2.	Reason for the notification
(a)	Position/status	Director of the Strategic Planning and Controlling Sector
(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
(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 43.69	1,229
	Aggregated information
	- Aggregated volume	pieces 1,229
(d)	- Price	HRK 43.69 (weighted average price of the aggregated transactions)
(e)	Date of the transaction	2017-06-30
(f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Dragan Vlahović
2.	Reason for the notification
(a)	Position/status	Director of the Purchasing Sector
(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
	Nature of the transaction	Acquisition
(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 43.69	980
	Aggregated information - Aggregated volume	pieces 980
(d)	— Price	HRK 43.69 (weighted average price of the aggregated transactions)
(e)	Date of the transaction	2017-06-30
(f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Željko Jurcan
2.	Reason for the notification
(a)	Position/status	Director of Operations for the Poreč Destination and Deputy VP of Operations
(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
	Nature of the transaction	Acquisition
(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 43.69	1,256
	Aggregated information
	- Aggregated volume	pieces 1,256
(d)	- Price	HRK 43.69 (weighted average price of the aggregated transactions)
(e)	Date of the transaction	2017-06-30
(f)	Place of the transaction	Outside a trading venue
Signature	ut

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Sandi Sinožić
2.	Reason for the notification
(a)	Position/status	Director of the Rabac Destination
(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
	Nature of the transaction	Acquisition
(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 43.69	1,024
(d)	Aggregated information - Aggregated volume	pieces 1,024
	$-$ Price	- HRK 43.69 (weighted average price of the aggregated transactions)
(e)	Date of the transaction	2017-06-30
(f)	Place of the transaction	Outside a trading venue

$\rightarrow$ Signature l C

$\hat{\mathbf{v}}$

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Dario Kinkela
$\overline{2}$ .	Reason for the notification
(a)	Position/status	Director of the Food and Beverages Sector
(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
(c)	Price(s) and volume(s)	Price(s)	Volume(s)
		HRK 43.69	781
(d)	Aggregated information - Aggregated volume - Price	pieces 781 - HRK 43.69 (weighted average price of the aggregated transactions)
(e)	Date of the transaction	2017-06-30
(f)	Place/of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
$-5.1$	Name	lyan Karlıč
2.	Reason for the notification
a	Position/status	income. If the rations for the Bultimorne and PC Martings.
25	Initial notification/Amendment	Initial notification
3.	auction monitor	Details of the issuer, emission allowance market participant, auction platform, auctioneer or
Uä.	Name	Valamar Riviera dioni, ko društvo za turizam 1 Stancija Kaligari. 52440 Poren
hш	LFI	529 IG0DUWS10GNEK4C68
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
니션	Description of the financial instrument, type of instrument.	Ordinary shares of Hill issuer.
	Identification code	RIVP R A ISIN HRRIVPRACOOO
	Nature of the transaction.	Acqueilino
ili i		and the committee of the con-
	Price(s) and volumers)	Price(s)	Volume(s)
$11 - 11$
	Aquicidated information Aggregated virtume	and the first
lindir	– Phre	the company of the transmitter of the couple for the and the company
$\pm \sqrt{2}$	Date of the transaction	$\sim 0.1$
ıt.	Place of the fransaction	Outside a trading in mile
Signature

$\mathbf 1$ .	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Ivana Budin Arhanić
2.	Reason for the notification
(a)	Position/status	Vice President of Business Development and Corporate Affairs
(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 43.69	2,252
(d)	Aggregated information -Aggregated volume - Price	pieces 2,252 HRK 43.69 (weighted average price of the aggregated transactions)
(e)	Date of the transaction	2017-06-30
(f)	Place of the transaction	Outside a trading venue

$\frac{1}{2}$
Signature

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Ljubica Grbac
$\overline{2}$ .	Reason for the notification
(a)	Position/status	Director of the Finance and Accounting Sector
(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)
(c)		HRK 43.69	1,038
(d)	Aggregated information -Aggregated volume - Price	pieces 1,038 HRK 43.69 (weighted average price of the aggregated transactions)
(e)	Date of the transaction	2017-06-30
(f)	Place of the transaction	Outside a trading venue

Signature

$\frac{1}{\sqrt{2}}$

$\overline{\mathcal{O}}$