ALBATRAVEL DMC Company Profile

European vision Italian touch

We are Europeans, we are Italians, rely on us.

Since decades we welcome travellers to the old continent.

About us Albatravel Group was born in Venice in the early '80s as a company specialized in tourism and more precisely operating in the incoming sector.

provides the capacity to redistribute their product over the network having the necessary speed that the web market requires.

In 1997 the company launched a hotel reservation system in the Italian market which became a huge success.

Today the portal www.albatravelgroup.biz is the European leader in the B2B online booking market (distributed only to travel agents), by offering net prices in a wide range of tailor made services, a choice of over 165,000 hotels in 185 countries around the world in addition to a large range other different of products such as transfers, city tours, parks, museums, attractions, entertainment, travel cards in major cities and also flights, trains, ferries, car hire, yachts and sailing routes and food and wine tours.

Thanks to that winning start Albatravel started its expansion on the Italian territory opening new offices in Milan, Rome, Genoa, Lecce, Messina, Pescara and Florence.

At present the Group has 350 employees, 8 branches in Italy and a sales team of 30 sales and it is therefore able to cover the national territory very thoroughly in terms of customer care.

In 2000 Worldwide Hotel Link was born with the intent to create a direct supply in terms of product having its own direct contracts with hotels and other ancillary services which is now one of the largest wholesalers in Europe and to date manages assets of over 18,000 direct accommodation contracts.

In 2005 the Group begins its expansion into the international markets offering a very competitive and excellent product based on the same business model opening Albatravel France in Paris which is now a leader in that market, followed in 2007 by Albatravel Switzerland (based in Lugano) and in 2009 by the opening of Albatravel Spain with headquarters in Madrid and Albatravel UK, based in London.

Nowadays WHL has four offices in Rome, Venice, Madrid and London and over 60 employees and it operates supplying direct hotel accommodation to over 160 international tour operators.

In 2008 Albatravel decided to invest in a different field in the same sector and created a brand new hotel chain called Excel Hotels & Resorts that now has five owned 4 star hotels in Italy, three in Rome and two in Venice.

Albatravel is also a member of RIPE, one of the 5 Regional Internet Registry that coordinates and supports the operation and speed of data exchange via the Internet globally.

Last year was the turn of Brazil with Albatravel Brasil in Rio de Janeiro and Albatravel Turkey in Istanbul.

This means the Group is able to communicate with the larger operators who supply product in real time and it also

Albatravel Group - European DMC Division

-2-

We are a GLOBAL PLAYER, we want to be your partner in Europe!

8 offices in Italy, 7 offices in the world This to be close to the market and in the destinations

In the World UK – London FRANCE – Paris SPAIN – Madrid SWITZERLAND – Lugano TURKEY – Istanbul CHINA – Beijing BRAZIL – Rio de Janeiro

In Italy Rome Venice Florence Milan Genova Messina Lecce Pescara

Albatravel Group - European DMC Division

-3-

Our numbers Our numbers speak for us

Gross sales Passengers handled On-line reservations Roomnights Clients in the world (Travel Agents) Clients in the world (Tour operators) Daily accesses to the platform Average monthly users Average monthly web pages visited

400 mln EURO over 2.000.000 754.000/year over 2.5 miilions over 26.000 160 over 32.000 over 48.000 over 1.700.000

ON LINE PRODUCTS over 165,000 hotels all over the world over 40,000 apartments, villas and charme resorts all over Europe Trains both Trenitalia and Italo IATA and low cost carriers flghts Tour & Mini tour Rent a car Cruises (on rivers and on sea) Frecciando – dedicated packages with Trenitalia Transfers all over the world Excursions, both on private and regular basis Restaurants Disneyland Paris – appointed gross sales agent Admission tickets to museums/amusement parks/operas and events Yacht & boats – more than 4,500 proposals

Albatravel Group - European DMC Division

-4-

Our own hotels Our strenght are also our 8 own hotels in Rome, Milan, Venice and Mestre

Excel Milano 3 Excel Milano 3 Next

Excel Roma Montemario Excel Roma Ciampino

Venezia Carlton Al Gran Canal Carlton Capri Venezia

Ambasciatori Venezia Mestre Delfino Venezia Mestre Albatravel Group - European DMC Division

-5-

European vision Italian touch Albatravel EUROPEAN DMC is the new established business unit to follow your passengers in all Europe.

INDIVIDUALS ON LINE, INDIVIDUALS OFF LINE, GROUPS, MICE The strenght of a global player, over 3 decades of expertise, 15 offices worldwide, a multicultural staff, to grant your success.

NO ONE IN ITALY CAN OFFER THE SAME.

Albatravel Group - European DMC Division

-6-