PANROTAS. forum. Now in its 14th. successful year, the. two day. event will offer you the. possibility to meet

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1 forum PANROTAS TOURISM TRENDS 2016 M A R C H S Ã O PA U L O B R A Z I L Now in its 14th successful year, the two day event will offer you the possibility to meet the leaders in the Brazilian travel industry

two day event will offer you the possibility to meet the

2 forum PANROTAS TOURISM TRENDS 2016 MARCH SÃO PAULO B R A Z I L About the event FÓRUM PANROTAS will celebrate its 14 th consecutive edition in It is recognized in Brazil as the largest and more relevant event for the travel industry, bringing in every edition trends and discussions on matters that impact the sector, such as marketing, sales, management, distribution, sustainability and technology. For two full days, this annual event draws together all the leaders of our industry, bringing the best speakers and panelists, both from Brazil and from overseas. It takes place in São Paulo, the largest city in Latin America, as well as the headquarters of the majority of companies in the travel segment: airlines, hotels, cruise lines, car rentals and others. Number of participants: more than professionals 2

sales, management, distribution, sustainability and technology.

3 forum PANROTAS TOURISM TRENDS 2016 MARCH S Ã O PAU L O B R A Z I L 14 th ANNUAL EDITION IS COMMING UP In WTC Events Center São Paulo 3

4 About the participantsin ,48% OTHERS 41,21% DECISION MAKERS 23,31% MANANGERS TRAVEL PROFESSIONALS > Presidents: 5,95% > Vice-Presidents: 2,16% > Business Associate and Superintendent: 2,97% > Directors: 30,13% > Managers: 23,31% > Government: 2,02% > Consultants: 8,31% > Others: 21,15% MEDIA > Journalists: 4% Participating segments: l Travel agencies l Tour Operators l Airlines and Cruise Lines l Government Agencies l Tourism Boards l Associations l Car Rentals l Hotels l Universities l Press l Destinations 4

> Consultants: 8,31% > Others: 21,15% MEDIA > Journalists: 4% Participating segments: l Travel agencies l Tour Operators l

5 General Session in 2015 Keynote Speakers in 2015 Katherine Droga General Manager Western Markets & Global Distribution at Australia Tourism Walter Longo President at Grey Brasil Jim Cunningham Founder of Mentors International Inc. Luiz Eduardo Falco President at CVC 5

Tourism Walter Longo President at Grey Brasil Jim Cunningham

6 Keynote Speakers in 2015 Paulo Iudicibus Head of the Enterprise Solution Sales & Partner units at Microsoft Ted Wham Vice President at Oracle Marketing Cloud Lee McCabe Global Head of Travel, Education & Consumer Services, Vertical Strategy at Facebook Fábio Gandour IBM Innovation Leader and Scientist PAULO KAKINOFF Executive President at Gol Linhas Aéreas 6

Head of Travel, Education & Consumer Services, Vertical Strategy at Facebook Fábio

7 Keynote Speakers from previous editions KEN BUCHANAN Executive Vice President of Revenue Management at Dallas Fort Worth International Airport ARNIE WEISSMANN Senior Vice President of Travel Weekly JULIO BRUNO Global Vice President of Sales at TripAdvisor FÁBIO COELHO Country Director Google Brazil CLAUDIA SENDER Tam Airlines CEO 7

Senior Vice President of Travel Weekly JULIO BRUNO Global Vice President of Sales

8 Keynote Speakers from previous editions Abílio Diniz, Former Pão de Açúcar Group President David Marriott, Global VP of Marriott International Mailson da Nóbrega, economist and former state minister Geoffrey Lipman, Greenearth Travel Marc Bailliart, director of Air France / KLM David Scowsill, CEO, WTTC Miguel Fluxá, Iberostar president Luiz Felipe Scolari, Brazilian Soccer Team Coach 8

minister Geoffrey Lipman, Greenearth Travel Marc Bailliart, director of Air France / KLM David

9 Keynote Speakers from previous editions State Ministers panel including Argentina, Mexico, Brazil and Chile with PANROTAS president on the right Craig S. Smith, president, Marriott Caribbean and Latin America Donna Hrinak, president, Boeing Brazil David Neeleman JetBlue / Azul Airlines Ed Fouché, Disney CEO Guilherme Paulus CVC president George Fertitta, NYC & Company Greg Webb, president, Sabre Travel Network 9

Smith, president, Marriott Caribbean and Latin America Donna Hrinak, president, Boeing Brazil David

10 Keynote Speakers from previous editions Guido Mantega, Brazilian Economy Minister Roger Dow, President of Travel Industry of America TIA Roland De Bonadona, COO, Accor Latin America Peter O Connor is a teacher at Essec Business School and a specialist in online travel distribution Pelé soccer player Clifford M. Sobel, USA Ambassador to Brazil Walfrido dos Mares Guia, Former state minister in Brazil Peter Long, president of TUI The largest tour operator in Europe. It was his first public appearance in Brazil Chieko Aoki, president of Blue Tree Hotels and Luiza Helena Trajano, president of Magazine Luiza 10

11 About the event Date: March 15 and 16, 2016 Place: São Paulo Brazil WHERE: The event will take place at the Golden Hall WTC Events Center located adjacent to the Sheraton São Paulo Hotel, in São Paulo. A unique combination of a large arena and foyer with more than sq ft. PERIOD: Each day from 9am to 6pm NUMBER OF PEOPLE: Around leaders from all travel industry segments, including over 60 media companies. CORE AUDIENCE QUALIFICATION: Presidents, CEO s and key executives from hotels, airlines, tour operators, cruise lines, destinations, car rentals, financial institutions, Tourism investors, press, technology companies, public affairs, associations. EVENT DYNAMICS: For two days, there are discussions about tourism & travel trends through debates, panels and lectures. There are neither workshops nor promotional actions. Forum PANROTAS focus on strategic topics bringing knowledge and success cases to improve business as well as powerfull networking opportunities. forum PANROTAS TOURISM TRENDS 2016 MARCH S Ã O PAU L O B R A Z I L WTC Events Center São Paulo 11

400 leaders from all travel industry segments, including over 60 media companies.

Support Material. May 2012

Support Material. May 2012 Support Material May 2012 FORWARD-LOOKING STATEMENTS This document contains forward-looking statements, including with respect to the negotiation, implementation and effects of the proposed combination.