Valamar Riviera d.d., with registered office in Poreč, Stancija Kaligari 1, OIB 36201212847 (hereinafter: the Company or Valamar), pursuant to the issued recommendations of ESMA dated 11 March 2020 and the appeal of HANFA dated 12 March 2020, addressed to issuers and financial market participants in connection with the disclosure of business activities concerning the impact of the COVID-19 virus on the financial markets, states as follows.

Due to the unpredictable nature of the further escalation of COVID-19 (and related activated preventive but also remedial measures) in the Republic of Croatia and the Company's important leading source markets, it is early to make quantitative estimates at this time regarding the possible impact of COVID-19 on Valamar's operations in the future period.

Full text of notice read in attached PDF.