CARBON NEUTRALITY CERTIFICATEfor

Apartmani Sunce, Lumbarda, Croatia

This is to certify that Apartmani Sunce, Lumbarda, Croatia has compensated 76 metric tonnes of greenhouse gases emissions for the season 2015. Emissions are based on percentage of InterContinental Hotels Group carbon footprint calculation.

Seventy-six metric tonnes (76 T) of Verified Carbon Units (VCU, tCO2e) are retired on July 19, 2015 on global registry APX by CO2cut and are generated by:

• Sonawade Small Hydro Power Project, Maharashtra, India (65T) Project website: Project type: Energy industries (renewable sources), Standard: VCS Project Verifier: Bureau Veritas Certification Holding SAS, Vintage: 2012 Serial No.: 3207-145128554-145128618-VCU-008-APX-IN-1-1114-01012012-31102012-0• Daegu Bangcheon-Ri Landfill gas Project, Korea (11T) Project website: Project type: Waste handling and disposal, Standards: VCS, CDM, Project Verifier: First Environment, Inc., Vintage: 2006 Serial No.: 673-30957555-30957565-VCU-002-APX-KP-13-307-01112006-31122006-0

APX Registry public view for Apartmani Sunce: , , Certified by:Roman Danko, Managing DirectorCO2cut d.o.o.Vlaška 70E @ Impact HUB Zagreb10000 Zagreb, Croatia© 2015 CO2cut Global Ltd.

Roman Danko Managing Director

7676M

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