Pursuant to the previously announced HRK 1.5 – 2 bn investment cycle by the year 2020, the Supervisory Board of the company VALAMAR RIVIERA d.d. approved total investments amounting to HRK 873 million for the year 2017. For the most part, the approved investments refer to investments in the facilities in the Family Life Bellevue Resort 4* and the Valamar Girandella Resort 4* in Rabac, the campsite Lanterna in Poreč, and campsites on the island of Krk as well as investments in improving the quality and competitiveness of the company.

In addition to that, due to increased booking in the last quarter, in the year 2016 we expect to achieve consolidated operating income ranging from HRK 1,475 million to HRK 1,485 million (previously announced range: from HRK 1,460 million to HRK 1,475 million), resulting in a 12.8% - 14.0% increase compared to 2015.

Please read full Notification on acquisition of treasury shares in attached PDF document.