HNA extends postponement of the settlement until the end of 2016

In accordance with Section A.7.3 (Period for which the Offer Conditions are in Force and in Effect and Postponement) of the Offer Prospectus, the Swiss Takeover Board agreed to a postponement of the settlement for a period of up to four months after the expiration of the additional acceptance period. This period expires on 21 November 2016.

As settlement of the Offer is expected in the fourth quarter 2016, the Offeror applied for an extension until 31 December 2016 which was approved by the Swiss Takeover Board on 18 November 2016. 

After the satisfaction of all offer conditions, the Offeror will (i) inform about the closing of the second trading line for gategroup Shares tendered into the Offer and (ii) announce the settlement date.

For 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
communications@gategroup.com

About HNA Group
HNA Group is a global Fortune 500 company focused on Tourism, Logistics and Financial Services. Since its founding in 1993, HNA Group has evolved from a regional airline based on Hainan Island into a global company with over $90 billion of assets, $30 billion in annual revenues and an international workforce of nearly 200,000 employees, primarily across North America, Europe and Asia. HNA’s tourism business is a fast-growing, vertically-integrated global player with market-leading positions in aviation, hotels and travel services. HNA operates and invests in nearly 2,000 hotels with over 300,000 rooms across major markets, and has 1,250 aircraft carrying over 90 million passengers to 260 cities worldwide. For more information, please visit www.hnagroup.com

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

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