Merit International is a sub-company of Net Holding A.Ş. which is the market leader in casino and hotel business in Cyprus. Casinos are being operated under the brand “Merit Casinos” in Northern Cyprus and "Merit International" in the rest of the world. Offering various services with five 5 star hotels and casinos in Northern Cyprus, Merit Casinos has been successful in conveying its Merit Casinos title and traditions to the island with a professional approach without making concession from quality, long years of superior and distinguished service, highly developed technological infrastructure and unprecedented “know-how”. Company started international operation in the beginning of 2016 in Montenegro. MONTENEGRO Podgorica – Hilton Hotel / Casino Montenegro: The management contract for the sole casino in Podgorica – the capital of Montenegro – opened in April 2016. Budva – Avala Hotel / Casino Avala: The management contract for the Casino Avala - located on the most beautiful coast of Montenegro – has been signed – opened in March 2016. New investments in near future are: CROATIA As the only entity that has multi city/multi casino license in Croatia, several casino projects are expected to be realized by the end of Q3 2016. Dubrovnik – Rixos Libertas Hotel : The pre-agreement for management has been signed, will begin by the end of Q2 2016. Split – Le Meridien Lav: The pre-agreement for management has been signed, expected to be realized by the end of Q3 2016. BULGARIA Svilengrad – Talks regarding casino operations with the only 5-star hotel in the area continue. There are alternative spots selected, will start by the end of Q3 2016. Other announcements may be followed on company webpage: www.netholding.com