Agency for Investments and Competitiveness, Ulica grada Vukovara 78, 10 000 Zagreb, CroatiaDISCLAIMER: Information contained in this document has been provided by Agency for Investments and Competitiveness of the Republic of Croatia. Purpose of this document is to give short information

about companies and/or investment possibilities to potential investors.The profile is for information purposes only. No responsibility or liability is accepted for the information in this document.

TRANSACTIONRepublic of Croatia through the Agency for State Property Management (AUDIO) has the goal to finish the privatisation process of its tourism portfolio (hotel companies owned and partially-owned by the Republic of Croatia).

Privatisation model:

a) Public tender, which includes two steps:

• step 1 – stating the interest to invest in a formal letter of intent to buy shares, submitted to AUDIO, Ministry of Tourism and AIK.

• step 2 – bid invitation will be sent to companies/individuals that expressed interest in buying shares.

b) Proposal of restructuring plan in pre-bankruptcy settlement procedure for the companies in financial difficulties:

• step 1 – stating the interest in participation in restructuring process to the company, AUDIO, Ministry of tourism and Ministry of finance.

COMPANY Hoteli Plat is situated in the small village of Plat, 12 km eastern of the City of Dubrovnik and 6 km from Dubrovnik International Airport.

The Company with its total size of 77,698 m2 has exquisite potential for further development as an independent and self-contained hotel resort. The complex is located on the coastline with three sandy beaches, surrounded by thick Mediterranean vegetation. All rooms and apartments have sea-view balconies.

Built in 1970’s, partly renewed in 2000, the Company still has parts of facilities that are damaged.

The Company hosts mainly tourists from abroad (over 95% of all guests) with dominant participations of guests from France (47.5%), the United Kingdom (5.0%), Bulgaria (4.8%), Sweden (4.0%) and Germany (3.8%).

SALEShares on sale: 182,440 (92.49% of share capital)

Average price on stock market – non listed company

The Company is currently in pre-bankruptcy settlement procedure.

FINANCIAL DATA, in EUR

2009 2010 2011

Operating revenues 2,436,800 2,554,133 2,798,533

Operating expenses 2,331,067 2,458,667 2,616,267

EBIT 105,733 95,467 182,267

EBITDA 388,667 374,133 419,200

Net Income (1,919,867) (1,997,600) (1,855,200)

Total assets 25,498,933 25,510,667 25,862,800

Total liabilities 20,922,267 23,011,600 25,138,933

Number of employees 79 77 83

Company name: Hoteli Plat d.d., Dubrovnik

Address: 20 000 Dubrovnik, Plat bb

Web site: www.hoteli-plat.hr

Hoteli Plat d.d., Dubrovnik

Agency for Investments and Competitiveness, Ulica grada Vukovara 78, 10 000 Zagreb, CroatiaDISCLAIMER: Information contained in this document has been provided by Agency for Investments and Competitiveness of the Republic of Croatia. Purpose of this document is to give short information

about companies and/or investment possibilities to potential investors.The profile is for information purposes only. No responsibility or liability is accepted for the information in this document.

REAL ESTATE PORTFOLIOThe Company has operating and non-operating facilities.

Operating facilities:

• Hotel Orphee (***): 5 levels, 85 accommodation units, size 3,745 m2, built in 1968, renovated in 1999,

• Villas: 6 three star villas, in range of one to five levels of total size of 7,248 m2, 151 accommodation units (4 villas renovated in 2002/2003).

Non-operating facilities:

• Hotel Ambassador: 9 levels , 302 accommodation units, size 12,000 m2, built in 1972,

• Two Pavilions: 426 accommodation units, built in the period from 1963 to 1970,

• Sports and recreation facilities: two outdoor swimming pools for children (520 m2) and two tennis courts (1,109 m2).

Area:

• Total facility area: 36,052 m2,

• Net land area: 77,698 m2.

DUBROVNIK-NERETVA COUNTY INFORMATIONPopulation (2011): 122,783

GDP per capita (2010): 10,457 EUR Average gross salary: 994 EUR

Unemployment rate (2011): 18.8% Average gross salary in the sector (tourism): 984 EUR

Dubrovnik-Neretva Country comprises 5 cities and 17 municipalities. The County includes smaller islands covered in thick Mediterranean vegetation and forests, smaller settlements and agricultural lands (olive groves and vineyards).

The main characteristic of the County’s economy is the predominance of tertiary services with tourism and hospitality indus-tries and maritime shipping as main activities. The region also has significant agricultural potentials in the area of the Neretva River Delta Valley and in the Peninsula Pelješac known for the active production of high quality wines.

The County is very well connected with an international airport Dubrovnik, close proximity to the modern A1 highway Split-Zagreb, the deep sea port of Dubrovnik suitable for cruisers as well as an important cargo port Ploče (gateway of the future Pan-European transportation corridor Vc).

Dubrovnik’s famous medieval old town (listed on UNESCO’s world heritage list since 1979) along with the island Korčula has positioned Dubrovnik and the County as a high-end European and global tourist destination (New York Times shortlisted Dubrovnik among 45 places to visit in 2012).

Tourism is constantly developing as a strategic industry for the County, through investments in new and existing hotels, sports and infrastructure capacities (14 five star hotels and 17 four star hotels, two golf resorts planned within 35 km, a new investment in ACI Marina Slano).

The potential for high-end tourism has already been identified by international hotel chains (Hilton, Radisson Blue, Rixos, Uzel Holding, Adriatic Luxury Hotels and Luksic Group) present in Dubrovnik.

The educational infrastructure relevant to the sector includes high schools for hospitality and catering and two universities with excellent programs related to tourism (ACMT-RIT New York and Dubrovnik University).

PRIVATISATION PROCEDUREAfter submitting a formal letter of intent, receiving a bid invitation and signing the NDA the potential investor could participate in due diligence procedure.

Upon bid submission the best bidder will be selected based on tender criteria.

CONTACTS:

Agency for Investments and Competitiveness (AIK), www.aik-invest.hr, e-mail: info@aik-invest.hrAgency for State Property Management (AUDIO), www.audio.hr, e-mail: info@audio.hrMinistry of Tourism, www.mint.hrMinistry of Finance, www.mfin.hr