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 portfo-lio (hotel companies owned and partially-owned by the Republic of Croatia).

Sales model: shares will be sold through a public tender. Public tendering will consist of two steps:

step 1 – stating the interest to invest in a formal letter of intent to buty shares,

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

Objective:

To expand current business activities by investing in modernisation of existing facilities and construction of new facilities and amenities, raising service quality and introducing modern destination management practices.

COMPANYThe Imperial d.d. is the main hotel company on the island of Rab. It has been operating for almost 50 years. The Company is firmly-positioned as a leader in the hotel business on the island. Its diverse real estate portfolio enables it to have a broad spectrum of goals for strategic development. Moreover, the Company has made significant investments to upgrade its service and value.

The group is comprised of four hotels, two tourist resorts, two auto camps as well as several restaurants and smaller catering and other facilities. All units are very close to the beach and the beautiful old city of Rab. One of the most beautiful beaches in the Adriatic, the “Paradise Beach” is also located nearby. Moreover, the company’s site benefits from Rab’s rich horticultural heritage ideally positioned for health tourism and active holidays.

The guests are predominantly from abroad (more than 90% in the last three years) and European (German, Austrian, Slove-nian, Czech, Italian and Hungarian).

SALEShares on sale: 318,378 (50.07% of share capital)

Average price on stock market: 26.55 EUR (27.11.2012)

FINANCIAL DATA, in EUR

2009 2010 2011

Operating revenues 13,663,736 13,497,558 14,632,882

Operating expenses 12,400,145 11,943,653 12,809,109

EBIT 1,263,591 1,553,904 1,823,773

EBITDA 4,005,977 4,415,827 4,698,354

Net income 284,187 309,249 348,299

Total assets 65,103,567 64,233,407 64,306,051

Total liabilities 26,380,932 25,319,700 25,007,468

Number of employees 256 268 260

Avrg gross monthly salary 881 883 898

Company name: Imperial d.d.

Address: 51280 Rab, Jurja Barakovića 2

Web site: www.imperial.hr

Imperial d.d., Rab

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 PORTFOLIOHotels:

• Grand Hotel Imperial (****); 5 levels, 136 accommodation units, built in 1914, renovated in 2010,

• Hotel Carolina (****); 5 levels, 142 accommodation units, built in 1971, renovated in 2009,

• Hotel Padova (***); 6 levels, 175 accommodation units, built in 1986, renovated in 2009,

• Hotel Eva (**); 5 levels, 196 accommodation units, built in 1978.

Villas Carolina:

• 10 villas; 38 accommodation units, built in 1971, renovated in 2002.

Tourist resorts:

• San Marino; 495 accommodation units, comprised of 5 hotels (3 to 5 levels) situated on the famous “Paradise Beach“, built in 1967, renovated in period 2004-2012,

• Suha Punta; small detached houses and bungalows with 88 accommodation units, built 1962-1968, renovated 2009-2012.

Auto camp:

• 2 auto camps (AC San Marino i AC Padova III) with a total of 5,000 available places.

Convention centre:

• There are congress facilities in hotels Padova, Grand Hotel Imperial and Carolina. Additionally, there is a new congress centre in the tourist settlement San Marino with 120 seats.

Sports and recreation facilities:

• 19 tennis courts, two wellness centres, sports centres.

Area:

• Total facility area: 98.620 m2,

• Net land area: 250,735 m2.

PRIMORJE-GORSKI KOTAR COUNTY INFORMATIONPopulation: 296,123

GDP per capita: 12,305 Average gross salary (EUR): 1,007.7

Unemployment rate: 15.7% Average gross salary in the sector (tourism) (EUR): 868

Primorje-Gorski Kotar County is situated between Slovenia in the north and the Adriatic in the south. Its geography comprises woodland mountains, seashore and islands.

The Primorje-Gorski Kotar County is the birthplace of Croatian tourism. A holiday choice for Habsburg emperors it prides itself with the towns of Opatija and Lovran that offer high-end and health tourism for more than a century now.

The County’s education policies mirror its historic ties with tourism and especially nautical tourism. The Faculty of Tourism and Hospitality Management in Opatija is Croatia’s only university institution fully-dedicated to education of specialised tourism workforce. In addition, there are two institutions of secondary education dedicated to tourist or hospitality education. The County is also especially attractive for nautical tourism. There are 8 marinas with a total of 2,993 berths.

The County is well-connected with continental Croatia as well as neighboring countries. Rijeka is also a major ferry port with regular connections to the islands and the south of the Adriatic. There are several airports within a 200 km radius (Pula, Rijeka, Zadar, Zagreb, Split, Trst, Venecija, Ljubljana).

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.hr

Agency for State Property Management (AUDIO), www.audio.hr, e-mail: info@audio.hr