We hereby announce that the Merger agreement between Valamar Riviera d.d. with registered office in Poreč, Stancija Kaligari 1, registered at the court register of the Commercial Court in Pazin with the number (MBS) 040020883, personal identification number (OIB) 36201212847 as transferee company (hereinafter: Transferee) and PALME TURIZAM d.o.o. with registered office in Dubrovnik, Vatroslava Lisinskog 15 A, registered at the court register of the Commercial Court in Dubrovnik with the number (MBS) 090014461, personal identification number (OIB) 22017442176 as transferor company (hereinafter: Transferor), concluded on 19 March 2021 and confirmed by notary public Tanja Ferenc from Poreč, document number OV-1398/2021 (hereinafter: Merger agreement) was submitted to the court register of the Commercial Court in Pazin on 23 March 2021.

We hereby notify the shareholders that the Merger agreement and all the documents pertaining to the said merger prescribed by Article 517, paragraph 2 of the Companies Act is available on the Transferee’s website www.valamar-riviera.dom free of charge.

The Transferee is the sole shareholder of the Transferor so the Transferee’s General Assembly will not be convoked due to the said merger, pursuant to Article 531, paragraph 1 of the Companies Act.

The Transferee’s shareholders whose shares combined represent at least 1/20 of the Transferee’s share capital have the right to request from the Transferee’s Management board to convoke the Transferee’s General assembly in order to approve the Merger agreement in the period of one month from this announcement’s release date.