HNA extends postponement of the settlement until the end of 2016

HNA Group Co., Ltd.

gategroup Holding AG

HNA extends postponement of the settlement until the end of 2016

HAIKOU, People's Republic of China and ZURICH, Switzerland, November 21, 2016 -

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

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
Dagmara Robinson

Corporate Communication and Investor Relations
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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

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.

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