General Manager’s Opening Statement

Ever since 1995, Bina Istra has been an important stakeholder in the propulsion of Croatian economy through the financing, operation and maintenance of the Istrian Motorway over a longterm investment cycle of over 4.5 billion Euros. Istrian Motorway connects Istria with the rest of Croatia and is extremely important for the inhabitants of Istria as the main traffic link. The Government of the Republic of Croatia awarded a concession to the company Bina Istra d.d. in September 1995, and the Concession Agreement was amended five times, each time to build a new section and improve the position of the Republic of Croatia.

Following a continuous upgrade of business operations, the Company managed to garner both local and international investors and capital suppliers, who, joined by 18 banks worldwide, placed complete trust in the development of the project. The daily efforts expanded in optimization of business operations, transparency, integration in the local community, sustainable development, partnership relations with our suppliers and Motorway users and respect and development of our employees give an additional value to Bina Istra. The Company puts safety of Motorway users in the foreground, together with the provision of quality everyday services expected from us.

Bina Istra is a modern, socially-responsible and transparent company. It takes permanent care for the environment by focusing on sustainable development and care for the health and safety of its employees and wider community. With over

10 million passengers a year, Bina Istra has played a pivotal role in the Croatian transport sector and has been focusing on the persistent improvement of business operations and quality of products and services with a view to create a greater value. To satisfy the needs and expectations of the Motorway users, to earn their trust and lasting loyalty and to maintain correct relationships, are the Company fundamental values.

Finally, the Company has a great consideration of the needs, interests and abilities of its workers, who provide an irreplaceable creative potential and unstinting support, and who are the greatest engine and stronghold of the Company in the achievement of the planned goals: to finance, build and operate the Istrian Motorway in an optimal way, on behalf of the Republic of Croatia, which, upon the expiry of the Concession, will take over the entire built Motorway free of any charge.

Istria is, certainly, one of the most dynamic counties in the country. It is, therefore, justifiable that its infrastructure be of equally good quality in order to allow and to promote such dynamism. The opening to traffic of the Kanfanar to Pazin Section in October 2011 marked the completion of the first phase of building the second carriageway of the Istrian Y Motorway. This first phase has remarkably improved the level of road safety and contributed to the saving of human lives. Furthermore, the investment enabled opening of a number of jobs. However, there is a tremendous amount of work that still has to be done: the conversion of the remaining 45 kilometres of single-carriageway motorway between Pazin and Matulji into a dual carriageway motorway. This section will be extremely demanding due to the number of structures to be constructed, in particular the second bore of the Učka Tunnel.

Amendments No. 5 to the Concession Agreement marked the commencement of the construction of Phase 2B1 of the Istrian Motorway, namely of the 28 km long second carriageway between Rogovići and Vranja, on the north-eastern side of the existing single-carriage motorway. The construction of phase 2B1 will increase the safety level of this section of the Motorway, reduce congestion, shorten travelling time, improve environmental protection, and upgrade the comprehensive Trans-European Transport Network (“TEN-T”), thus linking Istria with the rest of Croatia. The construction of this section of the Motorway will also improve economic and social cohesion and contribute to the achievement of significant economic benefits.

We hope that our efforts will ensure that the beauty of Istrian landscape be accessible to the largest possible number of people, all the more because the Istrian Motorway is the safest way to discover the beauties of Istria.

Bina Istra wishes you a safe trip.

Dario Silić, General Manager