The Rainbow Tours Capital Group includes the parent company, i.e. Rainbow Tours Spółka Akcyjna and the following subsidiaries:

Subsidiaries of the Rainbow Tours Capital Group:

(1) „MY WAY BY RAINBOW TOURS” Sp. z o.o. (limited liability company) – direct subsidiary

• participation of Rainbow Tours S.A. in „MY WAY BY RAINBOW TOURS” Sp. z o.o. – 100%
• HQ adress: 90-361 Łódź, 270 Piotrkowska Str.
• National Court Registry No: 0000261006, National Business Registry No (REGON No): 100217357, National Tax Identification No (NIP No): 7251927175
• buissness description: The operations of “My Way by Rainbow Tours” Sp. z o.o. concentrate on organizing and providing training for travel couriers, leisure time animators, and holiday representatives under the Rainbow Academy project [the website: http://akademiarainbow.pl/]

(2) WHITE OLIVE A.E. [ANONYMI ETAIREIA - joint-stock company under under Greek law] – direct subsidiary

• participation of Rainbow Tours S.A. in WHITE OLIVE A.E. – 83,07%
• HQ adress: Athens, Greece
• Main Register of Entrepreneurs in Greece [G.E.MI.] No: 137576424000
• buissness description: WHITE OLIVE A.E. is the owner of hotel properties in Greece and provides hotel services for Rainbow Tours S.A. and other tour operators

(3) „ELLAS STAR RESORTS SYMMETOCHES MONOPROSOPI” A.E. [ANONYMI ETAIREIA - joint-stock company under Greek law] – indirect subsidiary

• participation of WHITE OLIVE A.E. in „ELLAS STAR RESORTS SYMMETOCHES MONOPROSOPI” A.E. – 100,00%
• HQ adress: Athens, Greece
• Main Register of Entrepreneurs in Greece [G.E.MI.] No: 007970101000
• buissness description: „ELLAS STAR RESORTS SYMMETOCHES MONOPROSOPI” A.E. is the owner of hotel propertie in Greece and provides hotel services for Rainbow Tours S.A. and other tour operators

(4) RAINBOW TOURS DESTINATION SERVICES TURKEY TURIZM VE SEYAHAT HIZMETLERI A.S. [ANONIM SIRKETI - joint-stock company under Turkish law] – direct subsidiary

• participation of Rainbow Tours S.A. in RAINBOW TOURS DESTINATION SERVICES TURKEY TURIZM VE SEYAHAT HIZMETLERI A.S. – 100%
• HQ adress: Alanya, Türkiye
• the number in a Business Register [Ticaret Sicilinin]: 25046;
• the number in the Central Registration System (MERSIS): 0734199873400001
• buissness description: RAINBOW TOURS DESTINATION SERVICES TURKEY TURIZM VE SEYAHAT HIZMETLERI A.S. provides directly additional services sold to customers of Rainbow Tours Spółka Akcyjna (tours and optional trips), also to other market entities (tour operators)

(5) RAINBOW DISTRIBUCE S.R.O. [SPOLEČNOST S RUČENÍM OMEZENÝM - a limited liability company under Czech law] – direct subsidiary

• participation of Rainbow Tours S.A. in RAINBOW DISTRIBUCE S.R.O. – 100%
• HQ adress: Prague, Czech Republic
• Commercial Register number maintained by the Municipal Court in Prague: 198 68 839 (File reference: C 393007)
• buissness description: RAINBOW DISTRIBUCE S.R.O. is a representative of Rainbow Tours S.A. in the Czech Republic; it is a distribution company (sales of tours departing from Prague, Brno and Polish airports for Czech customers), the scope of activity of RAINBOW DISTRIBUCE S.R.O. also includes management of a network of sales agents and organization of resources necessary for conducting Rainbow sales in the Czech Republic

(6) PARALELA 45 TURISM S.A. [SOCIETATE PE ACTIUNI - joint-stock company under Romanian law] – direct subsidiary

• participation of Rainbow Tours S.A. in PARALELA 45 TURISM S.A. – 70%
• HQ adress: Bucharest, Romania
• Bucharest Trade Register No. (Bucharest Trade Register): J1994021621403
• buissness description: PARALELA 45 TURISM S.A. operates a tour operator, offering a wide range of tourist services, such as: (-) organization of group and individual tours, (-) flight, hotel, and transportation reservations, (-) sale of holiday packages to destinations such as Greece, Turkey, Spain, Malta, Italy, Portugal, Egypt, Tunisia, Cyprus, the Maldives, and the United Arab Emirates, (-) travel arrangements and trips to neighboring countries
• A company independent of PARALELA 45 TURISM S.A. (distribution): Paralela 45 Siebenburgen S.R.L. [Romania] - 51% share; Paralela 45 Travel S.R.L. [Romania] - 51% share; Paralela 45 Delta S.R.L. [Romania] - 51% share; Paralela 45 Carpatia S.R.L. [Romania] - 51.2 share