On 20 May 2016, HNA Aviation (Hong Kong) Air Catering Holding Co., Ltd., Hong Kong (“HNA Aviation Air Catering”), a subsidiary of HNA Group Co., Ltd. (“HNA”), published the offer prospectus on the public tender offer for all publicly held shares of gategroup Holding AG (“gategroup Shares”).

Up to the expiration of the additional acceptance period on 21 July 2016, 4:00 p.m. CEST, a total of 25,531,886 gategroup Shares have been tendered into the offer, corresponding to 95.32% of all listed gategroup Shares as of 21 July 2016 respectively 96.07% of the 26,576,558 gategroup Shares that are object of the offer as of 21 July 2016 (success rate).

The offer price for the gategroup Shares, which were validly tendered during the offer period and the additional acceptance period, is expected to be paid towards the end of the 3rd quarter/beginning of the 4th quarter 2016. The separate second trading line for gategroup Shares tendered into the offer will be kept open until shortly before the settlement of the offer.

The HNA leadership commented on the public tender offer, “We are pleased about this final result. HNA is committed to expanding in the aviation industry through strategic investments in companies with strong market positions and excellent management teams. The acquisition of gategroup not only enriches our investment portfolio in airline catering, but also complements HNA’s existing activities including aviation, airport management, logistics and tourism. And we look forward to welcoming gategroup’s customers and employees into the partnership with HNA.”

Xavier Rossinyol, Chief Executive Officer of gategroup, said about the final result, “This transaction is a great next step for all of gategroup, our people and our customers. gategroup will flourish as we accelerate our Gateway 2020 strategy and further expand our global reach with HNA’s strong presence in the rapidly growing Asian market. In our common future, gategroup will continue to deliver innovative solutions and the highest industry standards as an independently managed company under HNA’s strategic guidance.”

After the settlement of the offer, HNA intends to submit an application to SIX for the de-listing of the gategroup Shares and for an exemption from certain disclosure and publicity obligations in accordance with the listing rules of SIX. Furthermore, HNA will request a squeeze-out or squeeze-out merger in line with chapter 5 of the offer prospectus.

For the definitive notice of the final result published on 27 July 2016 and further information related to the public offer by HNA Aviation Air Catering please refer to http://www.hnagroup.com/en/discl/HNA_Website/legal.html and http://www.gategroup.com/investors/hna-to-acquire-gategroup

Contact
Dagmara Robinson
Corporate Communication and Investor Relations

+41 44 533 70 32

About HNA

HNA, a Fortune 500 Company and a leader in aviation and tourism, was founded in 1993. Over the past two decades, it has grown from a local aviation transportation operator into a multinational conglomerate encompassing aviation, airport management, financial services, real estate, retail, tourism, and logistics. In 2015, HNA had revenues of RMB190 billion (CHF28.5 billion), total assets of RMB600 billion (CHF90 billion) and employed more than 180,000 employees worldwide. As of December 2015, HNA has a fleet of nearly 1,150 aircrafts, serves nearly 700 domestic and international routes, flies to over 200 cities, and has served 77.4 million passengers annually. It operates and manages, among others, Hainan Airlines, Tianjin Airlines, Deer Jet, Lucky Air, Capital Airlines, West Air, Fuzhou Airlines, Urumqi Air, Beibu Gulf Airlines, Yangtze River Airlines, Guilin Airlines, My CARGO, Africa World Airlines, and Aigle Azur. For further information: www.hnagroup.com/en/

About gategroup

gategroup is the leading independent global provider of products, services and solutions relating to a passenger’s onboard experience. It specializes in catering and hospitality; provisioning and logistics; and onboard products and services to companies that serve people on the move. In 2015, gategroup achieved a total revenue of CHF3.0 billion and an adjusted EBITDA of CHF169.4 million. The company currently employs more than 28,000 people worldwide. For further information: www.gategroup.com

Forward-Looking Statements
This publication contains forward-looking statements and other statements that are not historical facts. The words “believe”, “anticipate”, “plan”, “expect”, “project”, “estimate”, “predict”, “intend”, “target”, “assume”, “may”, “will” “could” and similar expression are intended to identify such forward-looking statements. Such statements are made on the basis of assumptions and expectations that we believe to be reasonable as of the date of this publication but may prove to be erroneous and are subject to a variety of significant uncertainties that could cause actual results to differ materially from those expressed in forward-looking statements. Among these factors are changes in overall economic conditions, changes in demand for our products, changes in the demand for, or price of, oil, risk of terrorism, war, geopolitical or other exogenous shocks to the airline sector, risks of increased competition, manufacturing and product development risks, loss of key customers, changes in government regulations, foreign and domestic political and legislative risks, risks associated with foreign operations and foreign currency exchange rates and controls, strikes, embargoes, weather-related risks and other risks and uncertainties. We therefore caution investors and prospective investors against relying on any of these forward-looking statements. We assume no obligation to update forward-looking statements or to update the reasons for which actual results could differ materially from those anticipated in such forward-looking statements, except as required by law.

Note: In the event of any discrepancy or inconsistency between any translated versions of this publication, the English version shall prevail.