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1 NEPTUN OLIMP BLACK SEA RESORT SALE PRICE = euro - Negociable price Amfiteatru** Belvedere**- Panoramic** Complex from Neptun-Olimp Resort has a total area of 44,308 square meters Olimp Resort is located on a natural levee, at m above sea level and has narrow and intimate beaches with fine sand, reclaimed from the sea by creating artificial creeks. Amfiteatru** Belvedere**- Panoramic** Complex is located at 38 km south of Constanta on the Black Sea coast, near the forest Comorova. It is a complex with elegant architecture, which benefits from a pleasant climate and it s one of the best known and spectacular in Romania, three hotels with a privileged position and mainly beachfront orientation rooms. I. AMFITEATRU HOTEL ** For more details visit : City location: Mangalia Area: Neptun-Olimp Resort Address: Hotel Panoramic - Neptun-Olimp Owner: S.C.UNITA TOURISM HOLDING SA GF + 7E Building, providing 334 rooms Usable area = 10,777 sqm BUILDING AREA GROUND FLOOR 2670 sqm 1 st floor 1940 sqm 2 nd floor 1842 sqm 3 rd floor 1695 sqm 4 th floor 1544 sqm 5 th floor 1395 sqm 6 th floor 1244 sqm 7 th floor 333 sqm TOTAL 12,663 sqm - Ground floor: 2,448 sqm usable area, built area 2670 square meters, of which: sqm - retail space, sqm - offices, sqm - yard service, 745 sqm - restaurant, 73 sqm - café, 84.2 sqm - kitchen, sqm related kitchen space, sqm - reception + lobby, 91.3 sqm - related areas receiving, 70 sqm - cafeteria, 48.2 sqm - cafeteria related areas. - 1 st floor: 1940 sqm Built area consists of 2 halls, stairs, elevators shaft 4, 1 office, 67 rooms with bathrooms and balconies, 2 bathrooms and apartments with balconies, terrace;

2 - 2 nd floor: 1842 sqm Built area consists of 2 halls, stairs, elevators shaft 4, 1 office, 63 rooms with bathrooms and balconies, 2 bathrooms and apartments with balconies, terrace; - 3 rd floor: 1695 sqm Built area consists of 2 halls, stairs, elevators shaft 4, 1 office, 57 rooms with bathrooms and balconies, 2 bathrooms and apartments with balconies, terrace; - 4 th floor: 1544 sqm Built area consists of 2 halls, stairs, elevators shaft 4, 1 office, 49 rooms with bathrooms and balconies, 2 bathrooms and apartments with balconies, terrace; - 5 th floor 1395 sqm Built area consists of 2 halls, stairs, elevators shaft 4, 1 office, 45 rooms with bathrooms and balconies, 2 bathrooms and apartments with balconies, terrace; - 6 th floor: 1544 sqm Built area consists of 2 halls, stairs, elevators shaft 4, 1 office, 39 rooms with bathrooms and balconies, 2 bathrooms and apartments with balconies, terrace; - 7 th floor: 333 sqm Built area comprises: hallway, staircase, shaft has 3 lifts, 1 bar, 1 garden, terrace; The 2 star Category hotel offers accommodation in 322 rooms with 2 beds each with private bathroom and balcony, 12 suites with 2 beds each, bathroom and balcony. Of the 334 rooms and suites 25 rooms and 4 suites were upgraded in 2007 and Modernization consisted of PVC joinery installation, change ceramic tiles in bathrooms, furniture and doors, installation of air conditioning. Area of 19.1 square rooms and suites have an area of 39.9 square meters. Amfiteatru Restaurant ** - Serving consists of space, own kitchen, storage space for perishable goods, storage facilities for non-perishablegoods, bathroom for tourists, bathroom for staff, offices, warehouses, patio; - Restaurant has a usable area of 745 sqm (approximately 400 seats) and as Annex to the restaurant is the bar and the cafeteria with a total usable area of square meters. The restaurant is equipped with a line for breakfast and specific furniture (tables, chairs). The restaurant terrace has a total of 140 seats. In the restaurant there is a dance floor and a platform for the orchestra., The kitchen, storage areas for perishable and non-perishable food, personal lockers have a usable area of 718 sqm. In the kitchen there are specific machines and catering function (hobs, cookers, ovens, deep fryers, tilting pan, pizza oven, cold rooms, office). Space for keeping perishable food cold rooms are made of high capacity. The spaces to keep non-perishable food (canned foods, grocery) are spacious, airy and dark to keep the food in good condition. Covered courtyard provide road access for supplies and has an area of square meters. The heating -surface of 120 sqm provide domestic hot water supply. The three-fired boilers operate with calor 3

3 which is stored in three underground tanks and one overground service. The modern boilers were installed in Utility connections: - Water and sanitation, as required by the settling restaurant environment, electricity, telephone network. Building structure: - Infrastructure: concrete foundations and elevations; - Body: Reinforced concrete columns and beams, concrete floors, flat roof. Tire Partitions: - Wooden exterior carpentry / aluminum / PVC double glazing or insulating usual. Superior finishes: - Lobby, the main access into hotel and staircase - travertine, - Tiled floors in bathroom and upgraded rooms; - Carpet in the hallways and rooms; - Plywood with tiles, floor tiles and mosaic in toilets; - Washable interior and exterior painting; - Wood interior doors. Interior installations: - Water and sanitation facilities; - Electrical and lighting, safety lighting system; - Systems of internal hydrants; - Telephone systems; - Installation of cable TV. Technical condition of the building: Good Location: The hotel is centrally located resort and is surrounded by Panoramic Hotel Belvedere and with a beautiful view of the bay and beach Olympus and terraces nearby. The area is quiet, with lots of green spaces, clean sound or industrial, parking with a capacity of about 100 cars. The hotel is located near the beach. Specific area: Specific area of tourism, the hotel is located in Neptun-Olimp resort where are numerous hotels, restaurants, bars, terraces. Most units operate seasonally (in April, May to end of September). The access: Access can be made both on DN 39 road and also by rail communication Bucharest Mangalia. Neptun station isat a distance of 1.5 km from the hotel. Public transport in the area is provided by minibuses and buses that connect the city of Mangalia to resorts.

4 II. BELVEDERE HOTEL ** For more details visit : City location: Mangalia Area: Neptun-Olimp Resort Address: Hotel Panoramic - Neptun-Olimp Owner: S.C.UNITA TOURISM HOLDING SA GF + 7E Building, providing 229 rooms. Usable area = sqm BUILDING AREA GROUND FLOOR 2256 sqm 1 st floor 1107 sqm 2 nd floor 1107 sqm 3 rd floor 1324 sqm 4 th floor 1205 sqm 5 th floor 884 sqm 6 th floor 820 sqm 7 th floor 754 sqm TOTAL sqm - Ground floor: sqm usable area, built area square meters, of which: sqm - reception + looby space, 63.6 sqm - related receiving areas, 21.9 sqm bar,, sqm - restaurant, 35.8 sqm - restaurant bathroom, 63.7 sqm - conference room, 35.5 sqm - gym, 77.3 sqm staircase, 66.2 sqm - kitchen, 300 sqm related kitchen space, 250 sqm service yard and annexes. - 1 st floor: Built area 1107 sqm, 914 sqm usable area consists of: hallway, staircase, shaft has 2 lifts, 1 office, 29 rooms with bathrooms and balconies, 1 suite with bathroom, balcony, terrace; Room surface for 1st floor is sqm 4.96 sqm balcony and the apartment area is 37.7 sqm and 9.92 sqm balcony. - 2 nd floor: Built area 1107 sqm, 914 sqm usable area consists of: hallway, staircase, shaft has 2 lifts, 1 office, 31 rooms with bathrooms and balconies, terrace. Camera area is sqm 2nd floor and balcony 4.96 sqm - 3 rd floor: Built area 1324 sqm, 970 sqm usable area consists of: hallway, staircase, shaft has 2 lifts, 1 office, 34 rooms with bathrooms and balconies, terrace; Room surface for 3rd floor is sqm 7.13 sqm balcony. - 4 th floor: Built area 1205 sqm, 982 sqm usable area consists of: hallway, staircase, shaft has 2 lifts, 1 office, 1 commercial space, 35 rooms with bathrooms and balconies, terrace; Room surface for 4rd floor is 19.2 sqm and 8.37 sqm balcony.

5 - 5 th floor: Built area 884 sqm usable area movement and terraces 500 sqm, 716 sqm usable area consists of: hallway, staircase, shaft has 2 lifts, 1 office, 35 rooms with bathrooms and balconies, 1 suite, terrace; Room surface for floor 5 is sqm for 33 rooms and sqm for 2 rooms, balcony 4.65 sqm. Apartment area is 41 sqm. - 6 th floor: Built area 820 sqm usable area movement and terraces 468 sqm, 654 sqm usable area consists of: hallway, staircase, shaft has 2 lifts, 1 office, 32 rooms with bathrooms and balconies, 1 suite, terrace; Room surface for floor 5 is sqm for 30 rooms and sqm for 2 rooms, balcony 4.65 sqm. Apartment area is 41 sqm. - 7 th floor: Surface 754 m², useful surface circulation and terraces 435 sqm, 599 sqm usable area consists of: hallway, staircase, shaft has 2 lifts, 1 office, 29 rooms with bathrooms and balconies, 1 suite, terrace; Room surface for floor 7 is sqm for 27 rooms and sqm for 2 rooms, balcony 4.65 sqm. Apartment area is 41 sqm. 2 star category Hotel offers accommodation in 225 rooms with 2 beds each with having private bathroom and balcony, and 4 suites with 2 beds each, bathroom and balcony. Belvedere Restaurant** - Serving consists of space, own kitchen, storage space for perishable goods, storage facilities for non-perishable goods, bathroom for tourists, bathroom for staff, offices, warehouses, patio; - Restaurant with a usable area of 784.5square meters (about 400 seats). The barlocated in thelobbyhas a usable areaof 21.9square meters.the restaurantisequipped witha line forbreakfastandspecific furniture(tables, chairs). The restauranthas aterrace for40 seats. In therestaurantthere isa dance flooranda platform for theorchestra. The kitchen, storage areas for perishable and non-perishable food, staff lockers have a usable area of square meters. In the kitchen there are specific machines and catering function (hobs, cookers, ovens, deep fryers, tilting pan, coil, cold rooms, office). Space for keeping perishable food cold rooms are made of high capacity. The areas to keep non-perishable food (canned foods, grocery) are spacious, airy and dark to keep the food in good condition. Covered courtyard provide road access for supplies and has an area of 250 sqm. Utility connections: - Water and sanitation, as required by the settling restaurant environment, electricity, telephone network. Building structure: - Infrastructure: concrete foundations and elevations; - Body: Reinforced concrete columns and beams, concrete floors, flat roof. Tire Partitions: - Wooden exterior carpentry / aluminum / PVC double glazing or insulating usual. Superior finishes: - Lobby, the main access into hotel and staircase - travertine, - Tiled floors in bathroom and upgraded rooms; - Carpet in the hallways and rooms; - Plywood with tiles, floor tiles and mosaic in toilets;

6 - Washable interior and exterior painting; - Wood interior doors. Interior installations: - Water and sanitation facilities; - Electrical and lighting, safety lighting system; - Systems of internal hydrants; - Telephone systems; - Installation of cable TV. Technical condition of the building: Good Location: The hotel is centrally located resort and is surrounded by Panoramic Hotel Belvedere and with a beautiful view of the bay and beach Olympus and terraces nearby. The area is quiet, with lots of green spaces, clean sound or industrial, parking with a capacity of about 80 cars. The hotel is located near the beach and has a swimming pool with area of 1023square meters anda capacity of 280cubic meters. Specific area: Specific area of tourism, the hotel is located in Neptun-Olimp resort where are numerous hotels, restaurants, bars, terraces. Most units operate seasonally (in April, May to end of September). The access: Access can be made both on DN 39 road and also by rail communication Bucharest Mangalia. Neptun station is at a distance of 1.5 km from the hotel. Public transport in the area is provided by minibuses and buses that connect the city of Mangalia to resorts.

7 III. PANORAMIC HOTEL For more details visit : City location: Mangalia Area: Neptun-Olimp Resort Address: Hotel Panoramic - Neptun-Olimp Owner: S.C.UNITA TOURISM HOLDING SA GF + 7E Building, providing 209 rooms. Usable area = 6826 sqm BUILDING AREA = 8577 sqm Ground floor: 1,931 sqm usable area, including: reception lobby sqm (lobby, reception, bar, hotel, bathroom reception, conference room, office), restaurant 676 sqm, (restaurant bathroom restaurant, bar, restaurant, office ), kitchen 433 sqm (related spaces kitchen, dishwashers, cold rooms, buffets, storage spaces, personal lockers, private bathroom), yard work and annexes 190 sqm - 1 st floor: Surface sqm, comprising: hallway, staircase, shaft has 2 lifts, 1 office, 26 rooms with bathrooms and balconies, 2 apartments with bathroom, balcony, terrace; Camera area is sqm 1st floor and balcony of 2.76 square meters and the area is sqm apartment and balcony 5.52 sqm - 2nd Floor: sqm Building area consists of: hallway, staircase, shaft has 2 lifts, 1 office, 27 rooms with bathrooms and balconies, terrace, 2 apartments with bathroom, balcony, terrace; Camera area is sqm 2nd floor and balcony of 4.97 square - 3 rd floor: sqm usable area consists of: hallway, staircase, shaft has 2 lifts, 1 office, 2 shops, 32 rooms with bathrooms and balconies, terrace; Camera area is sqm 3rd floor and balcony sqm. - 4 th floor: 1, sqm Building area consists of: hallway, staircase, shaft has 2 lifts, 1 office, 2 commercial spaces, 33 rooms with bathrooms and balconies, terrace; Camera area is sqm 4th floor and balcony 4.90 sqm. - 5 th floor: comprises: hallway, staircase, shaft has 2 lifts, 1 office, 32 rooms with bathrooms and balconies, 1 suite, terrace; Camera area is sqm floor 5 to 31 rooms, balcony 3.41 sqm and 1 apartment with an area of sqm. - 6 th floor: comprises: hallway, staircase, shaft has 2 lifts, 1 office, 28 rooms with bathrooms and balconies, 1 suite, terrace; Camera area is sqm 6th floor balcony of 3.41 square meters. Apartment area of sqm. - 7 th floor: comprises: hallway, staircase, shaft has 2 lifts, 1 office, 25 rooms with bathrooms and balconies, 1 suite, terrace; Camera area is sqm 7th floor balcony of 3.41 square meters. Apartment area of sqm. Panoramic Restaurant ** - Serving consists of space, own kitchen, storage space perishable goods, non-perishable goods storage facilities, bathroom tourists, personal bathroom, offices, warehouses, patio; - Restaurant with a usable area of 632 square meters (about 400 seats). The bar is located in the hotel lobby. The restaurant has a terrace for 40 seats. In the restaurant there is a dance floor and a platform for the orchestra.

8 - The own kitchen, storage areas for perishable and non-perishable food, staff lockers have a usable area of 433 sqm. Space for keeping perishable food cold rooms are made of high capacity. The places to keep non-perishable food (canned foods, grocery) are spacious, airy and dark to keep the food in good condition. Courtyard has an areaof 190 sqm. Utility connections: - Water and sanitation, as required by the settling restaurant environment, electricity, telephone network. Building structure: - Infrastructure: concrete foundations and elevations; - Body: Reinforced concrete columns and beams, concrete floors, flat roof. Tire Partitions: - Wooden exterior carpentry / aluminum / PVC double glazing or insulating usual. Superior finishes: - Lobby, the main access into hotel and staircase - travertine, - Tiled floors in bathroom and upgraded rooms; - Carpet in the hallways and rooms; - Plywood with tiles, floor tiles and mosaic in toilets; - Washable interior and exterior painting; - Wood interior doors. Interior installations: - Water and sanitation facilities; - Electrical and lighting, safety lighting system; - Systems of internal hydrants; - Telephone systems; - Installation of cable TV. Technical condition of the building: in renovation Location: The hotel is centrally located to the right of the resort and the hotel amphitheater with a beautiful view of the bay and beach of Olimp resort. The area is quiet, with lots of green spaces, clean sound or industrial. Parking has a capacity of about 70 cars. The hotel is located near the beach and has a swimming pool with area of 1023square meters anda capacity of 340cubic meters. Specific area: Specific area of tourism, the hotel is located in Neptun-Olimp resort where are numerous hotels, restaurants, bars, terraces. Most units operate seasonally (in April, May to end of September). The access: Access can be made both on DN 39 road and also by rail communication Bucharest Mangalia. Neptun station isat a distance of 1.5 km from the hotel. Public transport in the area is provided by minibuses and buses that connect the city of Mangalia to resorts. Panoramic Hotel - modernization works : Since 2008 Panoramic Hotel was includedin an extensivemodernization processaiming toincreasethe comfort levelfrom 2** to 4 ****. In this process, there were performed works with specialized companies consisted of: - 7th floor waterproofing works terrace kitchen and terrace;

9 - Works cleaning rooms and halls, walls calcium - Laying tile cleaning and stripping wall tiles in bathrooms, - Plaster coating 5 th 7 th floor / partially - Bathroom floor tiling plasterboard 5 th 7 th floor / partially -Plumbing andhydrants/partially - Electrical / partially - PVC double glazing fitting all floors except the ground floor. Were also made acquisitionsconsisting of: - Tiled rooms, bathrooms and hallways - whole; - Tile baths - fully; - Sanitary - whole; - Living room furniture - full. TOTAL INVESTMENTS - 1,330,000 EUR

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