Makedonijaturist Reports Earnings Results for the First Quarter Ended March 2014

MAKEDONIJATURIST AD Skopje is a Macedonia-based company engaged in the tourism industry. The Company operates seven hotels: Holiday Inn Skopje with 178 rooms and suites, Best Western Hotel Turist with 74 rooms and suites, Best Western Hotel Bellevue with 32 rooms and suites, Hotel Karpos with 59 rooms and suites, Hotel Jadran with 21 rooms, Hotel Bristol with 33 rooms and Hotel Vodno with 28 rooms and suites, as well as two restaurants: Pivnica and Ogniste. As of December 31, 2011, the Company operated two wholly owned subsidiaries, MT New York dooel Skopje, a company for promotion and financial support to New York University Skopje, as well as of New York University Skopje for American and European Studies.