Exemption from Conditions for Maintaining Listing

I.

gategroup Holding AG (Issuer), Kloten, Canton of Zurich, is granted - subject to section VI [Note gategroup: section VI of the decision, i.e. the publication of this press release] - until expiration of the Best Price Rule according to Art. 10 para. 1 of the Ordinance of the Swiss Takeover Board on Public Takeover Offers of 21 August 2008 (Takeover Ordinance, TOO) in the context of the public tender offer of HNA Aviation (Hong Kong) Air Catering Holding Co., Ltd., (HNA Aviation) headquartered in Haikou, China, for all publicly held registered shares of the issuer (Best Price Rule), that is up to and including 21 January 2017, exemption from the following obligations for maintaining its listing:

a.

Publication and submission of the annual report for the financial year 2016, including the information on Corporate Governance (Art. 49 et seq. Listing Rules [LR] in conjunction with Art. 10 et seq. Directive on Financial Reporting [DFR] as well as Directive on Information relating to Corporate Governance [DCG]);

b.

Publication of ad hoc notices (Art. 53 LR in conjunction with the Directive on Ad hoc Publicity [DAH]), except for the publication of an ad hoc notice to communicate the date of de-listing of the registered shares of the issuer, as soon as such date has been determined;

c.

Disclosure of management transactions (Art. 56 LR);

d.

Maintaining a corporate calendar (Art. 52 LR);

e.

Compliance with the following regular reporting obligations (Art. 55 LR in conjunction with Art. 9 of the Directive on Regular Reporting Obligations, [DRRO]): para. 1.05 (change of external auditors;), para. 1.06 (change of balance sheet date (close of financial year)), para. 1.08 (4) (changes to the weblink to the corporate calendar), para. 1.08 (5) (changes to the weblinks to the annual and semi-annual reports, para. 2.01 (1) (submission of the annual report for the financial year 2016, para. 3.05 (resolution on opting out/opting up), para. 3.06 (resolution on restrictions on transferability) and para. 5.02 (changes to the conditional or authorised capital);

II.

The exemption pursuant to section I as effective with the publication of the ad hoc notice in accordance with section VI of the decision [verbatim reproduction sections I through III at prominent place in the ad hoc notice].

III.

Upon expiry of the validity period of the Best Price Rule on 21 January 2017, the issuer is exempt from the obligations pursuant to section I until 31 May 2017, if and to the extent that none of the following events have occurred until 21 January 2017, or will occur until 31 May 2017:

a.

Intervention of one or several minority shareholders in the proceedings for the cancellation of the registered shares of the issuer in accordance with art. 137 of the Federal Act on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading of 19 June 2015 (Financial Market Infrastructure Act, FMIA) before the Commercial Court of the Canton of Zurich.

b.

Waiver of the petition for cancellation of the registered shares of the issuer before the Commercial Court of the Canton of Zurich by the plaintiff, HNA Aviation, China, or by a legal successor;

c.

Dismissal of the petition for cancellation of the registered shares of the issuer by the Commercial Court of the Canton of Zurich;

d.

Appeal of the decision of the Commercial Court of the Canton of Zurich concerning the cancellation of the registered shares of the issuer.