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The Bravofly Group
        28 December 2011
About Us:

The Bravofly Group is the leader in Europe in the travel, tourism and leisure industries.

Set up in May 2004 on the initiative of its two founding members, the Bravofly Group is today one of
the main European players in the online travel industry. The sites are available in 7 languages ​(soon to
be 8) and allow the consumers to book flights, package holidays, hotels, car hire, cruises, ferries and
restaurants.

Bravofly uses the latest technology to provide consumers with simple, customised solutions. By
integrating all the features into one system, Bravofly allows customers to choose and book the trip they
want at the best prices in an easy and quick way.

In particular, the innovative flight search platform used by Bravofly is the only system in Europe that
allows consumers to search for, compare and book flights offered by both low cost and traditional
airlines in a simple, transparent way, offering unique features such as searching by price.

The Bravofly Group's headquarters is in Chiasso, Switzerland.
The Mission:
 • To offer consumers the possibility to choose and book their trips with the best price for their needs.
 • To ensure ease of use, security and support, both while choosing and after the purchase with
 innovative technologies.
 • To be the leading site in Europe for information and booking for all leisure services, beginning with
 travel.

 THE WEBSITES
 Searching for flights, hotel bookings, car rental and package holidays
 Volagratis.it , Bravofly.com , Bravofly.co.uk , Bravofly.fr , Bravofly.de
 Bravofly.ch, Bravofly.es, Bravofly.at, Bravofly.hu, Bravoavia.ru


Tour Operators for package holidays                The search engine for ferries throughout the
Viaggiare.it , Viaggiagratis.com                   Mediterranean
                                                   Traghettigratis.it

Cruise bookings                                    Flight bookings for agencies and corporate travel
Crocierissime.it, Bravocroisieres.fr               Volagratispro.it , Volagratis.biz

Social network for restaurant reservations
2spaghi.it
Milestones:
 2004   Foundation with capital of €50,000, two founders and one employee
        Sale of first flight
 2005   Introduction of traditional flights (CRS)
        First internal customer service with four people
 2006   Bravofly translated into four languages ​for the European market
 2007   Introduction of the search engine for hotels
        Completion of the internationalisation process and a new office in Switzerland
 2008   Introduction of the “Find a Deal” and “Search by Price” features
        Start of the sale of car rental services
 2009   Start of the sale of package holidays
        Launch of the sale of the combinations of flights from different airlines
 2010   Start of the sale of cruises in conjunction with Crocierissime.it
        Launch of the first App for iPhone and iPad
        Acquisition of an interest by AXA Private Equity and other financial investors
        Launch of the sale of Dynamic Packages (“Pacchetti Dinamici”) on Viaggiare.it
        Introduction of the Fly Box onto the Italian market
 2011   Crocierissime.it, 2spaghi.it e Traghettigratis.it become part of the Bravofly group
        Entrance into Russian market with Bravoavia.ru
        Launch of Volagratis application for Nokia and Android
        Development of Volagratis Pilot in collaboration with Google
        Launch of site in Hungarian (Bravofly.hu)
        Introduction of Spagobox into the market, a gift box with dinner for two people
The Numbers:



  Bravofly sites are growing rapidly in Europe with a strong position in Italy and France and
  emerging positions in the United Kingdom, Germany, Austria, Northern Europe, Spain, Hungary
  and Russia.

  Each month, the group sites as a whole generate:
  Over 7,000,000 individual visitors per month
  Over 60,000,000 page views
  Over 15,000,000 flight searches

  And there are:

  Over 3,500,000 registered users and subscribers to the Weekly Newsletter
  350,000 users who have authorised the sending of messages to their mobile phones
Flights:
 Bravofly offers a single, simple search and booking system for over 400 airlines
 (including both low cost and traditional carriers): with a single search, you can book
 a flight. On the home page, all you need to do is insert your departure airport,
 destination and the date and the best price for your chosen period is displayed
 immediately.




                                                                      After the search, you can see a
                                                                      table with the best value
                                                                      combinations: if you can be
                                                                      flexible on dates, often just
                                                                      moving your departure or
                                                                      return by a few days can save
                                                                      you money.
Flights, the filters for searching:
 For a more targeted search, filters have been created which, when used together, make it possible
 to:

 •Identify the maximum price you are willing to pay for a flight that suits your needs
 •Choose the time of day you prefer to depart
 •Choose the most convenient departure and arrival airports
 •Select an airline
 •Where possible, select the class of travel and even special territorial
 continuity tarriffs.
Flights, the “Find a Deal”:
Those in search of the cheapest flight who can be flexible will find the Find a Deal tool extremely useful.
Bravofly has developed this to allow everyone to find the cheapest travel solution by processing over 15
million searches carried out every month on Bravofly sites.
Alternatively it is possible to select the maximum amount that you wish to spend for your flights in order to
decide where and when you could fly within the means of your budget.
Combined flights and special offers:



   Bravofly is the only search engine that offers users flights where the outward and return
   journeys are operated by different airlines. This is a distinctive feature of Bravofly that
   multiplies the travel options available to end users, who can then take their pick from many
   possibilities according to timetabling or budget requirements.




  Bravofly has a whole section dedicated to Special Offers. In this section, currently only
  available on Volagratis.it, you can see all the best deals Bravofly makes available to its
  customers thanks to exclusive arrangements with the major airlines. Any of these Special
  Offers will also be visible when carrying out a normal search on Volagratis.it if you have chosen
  to depart a few days either side of the offer dates.
Package Holidays:
  The latest product, which at the moment has only been developed for the Italian site, has an area
  dedicated solely to the best offers from the major tour operators. In September 2010 Viaggiare.it
  introduced the Dynamic Packages (“Pacchetti Dinamici”): a new system which allows the customer
  to create their very own tailor-made package by combining flights and hotels to suit their needs.

  Volagratis is used in order to find the best flights, where there are offers from over 400 airlines,
  both low cost and traditional, whilst for the hotels, Viaggiare.it collaborates with Booking.com and
  Venere, as well as working directly with hotels in order to offer even more beneficial rates.
Hotels:
 On Bravofly sites, you can choose the hotel for your leisure or business trip from over 250,000 hotels
 worldwide offered by the leading hotel reservations providers on the Web (Booking and Venere and
 others with exclusive contracts chosen by Bravofly).
 Bravofly also offers advanced search methods for hotels, allowing users to find the most suitable hotel
 very easily. You can choose a hotel based on parameters such as price, distance from the centre or
 other points of interest in the city, description of rooms and services. Reviews from other users who
 have already stayed at these places and have expressed an opinion about the service offered are also
 available.
Car Hire:
 In order to organise your trip quickly and easily, Bravofly offers users the possibility to book a low
 cost rental car from major providers such as Sixt, Europcar, Avis and Hertz with the lowest price
 guaranteed, discounts of up to 15% and other services such as a worldwide assistance telephone
 number and a small deposit at booking time.
Tourist Guides:
 This section of the website offers free downloadable tourist guides of the most-searched
 destinations. The guides are both useful and easy to read, with specific tips about the city,
  events, advice about where to eat and sleep and the beauty spots.
Cruises:
 This section of Volagratis.it (only on the Italian website), runs in collaboration with Crocierissime.it,
 comparing the cruises with the best offers: unmissable discounts with Costa Crociere, MSC
 Crociere, Royal Caribbean, Louis Cruises and all the major cruise companies, from the
 Mediterranean to the Caribbean.
The package holidays of Viaggiare.it:




 Viaggiare.it is one of the largest travel agencies in Italy that offers users a simple way to book their
 package holidays. Viaggiare.it makes it possible to search and compare package holiday offers from
 many of them major tour operators and build customised and convenient flight and hotel solutions.

 The site offers other information, including tips and content generated by the user, thanks to the
 collaboration with Trip Advisor. Viaggiare.it uses the latest technology to make it possible to search
 and compare package holiday offers from many of them major tour operators and build customised
 and convenient flight and hotel solutions.
 The Volagratis.it search engine of package holidays supports Viaggiare.it.
Crocierissime.it:
 The first site dedicated to
 cruises in Italy, boasting
 contacts with the largest
 Italian and foreign cruise
 companies: Costa Crociere,
 Msc Crociere, Norwegian
 Cruise Line, Royal
 Caribbean and others, in
 order to offer the Italian
 market a complete
 overview of the world of
 cruises, from 3-star ships
 to the most luxurious
 vessels.
 A site that is very easy and
 fast to use, thanks to a new
 search engine updated
 daily to ensure the latest
 offers from cruise
 companies are always
 available.
2spaghi.it:
 This is a social network (only available in Italian) where users share their favourite restaurants by
 voting for them and adding reviews and comments, deciding the success of the restaurant itself in the
 eyes of the community and also offering the opportunity to book. 2010 also saw the publication of the
 Spagoguida, the first restaurant guide originating from the Web, with comments and reviews from
 2spaghi.it users.
Traghettigratis.it
 Traghettigratis.it (only
 available in Italian) is the
 traveller’s search engine with
 deals, information and tips on
 booking ferries throughout the
 Mediterranean. To search for
 ferries, the innovative Planny
 platform offers exclusive
 features such as searches by
 price and filters by time of day
 and ferry company.
 Traghettigratis.it features
 major companies such as
 Moby Lines, Grandi Navi
 Veloci, Grimaldi Lines, SNAV
 and many others.
VolagratisPRO.it e Volagratis.biz



 Designed for travel agencies, Volagratis PRO offers a free unique and professional system to
 operators within its sector, which allows them to obtain commission on flights, hotels and
 package holidays as well as many other useful features.




 Volagratis BIZ offers a system that responds to the needs of any agencies who would like to
 reduce the costs of business travel whilst at the same time maintaining a high standard of quality
 and professionalism.
Bravofly Applications:




Since June 2010 Bravofly has also offered the ability to search, compare and book flights to “mobile”
users. In the iTunes App Store you can download the Bravofly applications for the iPhone and iPad,
which in a short space of time allow you to search, use filters, choose your preferred flight, look at
all the details and complete the booking in a simple and secure way.
The application is also available for the Nokia phone in the Ovi Store. And now owners of an Android
smartphone can download the Volagratis application from the Android Market and book your flight
on the go.
                                          Recently, thanks to our collaboration with Google, Bravofly
                                          launched the application Volagratis Pilot. Available free from the
                                          Chrome Web Store, Volagratis Pilot is a game that allows
                                          participants to put themselves in the shoes of a pilot. This
                                          application is good fun and easy to use and is another
                                          demonstration of the efforts of Bravofly in always wanting to
                                          keep up with the times.
Social Network of Bravofly:
 Bravofly talks openly with all its users, even
 through some of the most diverse social
 networks.
 The Facebook Volagratis page is growing
 rapidly into an enormous success. With
 more than 100,000 “likes”, the fan page is a
 place to meet clients, for those with a
 passion for travel to discuss their
 experiences and to discover the latest news
 from Volagratis. Recently other features
 have been introduced that allow fans of
 Volagratis to book their own flight, hotel or
 package holiday directly through Facebook.
 Facebook fan pages have also been opened
 for Bravofly.fr, Bravoavia.ru and
 Bravofly.com.

 Bravofly can also be found on other major
 social networking sites such as Twitter,
 Flickr, LinkedIn and Foursquare.
L’osservatorio:



  The Volagratis Flight Observatory (“L’Osservatorio Volagratis”) conducts research into the
  whole flight, holiday and cruise sectors, analysing the phenomenon of choosing and
  purchasing flights, both in its quantitative dimensions and in the interpretation of the
  scenarios and trends of this new way of travelling, in constant evolution.

  The Observatory (only in available in Italian) makes use of a large amount of data extracted
  from 15 million searches made each month by Bravofly site users, and was set up in 2004 as a
  result of the need to provide users and the media with accurate, detailed information, as well
  as an overview of the low-cost phenomenon.

  Articles from the Observatory can be found at the following address:
  www.osservatorio-volagratis.com
Press Office:
Rosangela Leone
Email: rosangela.leone@bravofly.com
Mobile: +39 3299753992

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The Bravofly Group (2011)

  • 1. The Bravofly Group 28 December 2011
  • 2. About Us: The Bravofly Group is the leader in Europe in the travel, tourism and leisure industries. Set up in May 2004 on the initiative of its two founding members, the Bravofly Group is today one of the main European players in the online travel industry. The sites are available in 7 languages ​(soon to be 8) and allow the consumers to book flights, package holidays, hotels, car hire, cruises, ferries and restaurants. Bravofly uses the latest technology to provide consumers with simple, customised solutions. By integrating all the features into one system, Bravofly allows customers to choose and book the trip they want at the best prices in an easy and quick way. In particular, the innovative flight search platform used by Bravofly is the only system in Europe that allows consumers to search for, compare and book flights offered by both low cost and traditional airlines in a simple, transparent way, offering unique features such as searching by price. The Bravofly Group's headquarters is in Chiasso, Switzerland.
  • 3. The Mission: • To offer consumers the possibility to choose and book their trips with the best price for their needs. • To ensure ease of use, security and support, both while choosing and after the purchase with innovative technologies. • To be the leading site in Europe for information and booking for all leisure services, beginning with travel. THE WEBSITES Searching for flights, hotel bookings, car rental and package holidays Volagratis.it , Bravofly.com , Bravofly.co.uk , Bravofly.fr , Bravofly.de Bravofly.ch, Bravofly.es, Bravofly.at, Bravofly.hu, Bravoavia.ru Tour Operators for package holidays The search engine for ferries throughout the Viaggiare.it , Viaggiagratis.com Mediterranean Traghettigratis.it Cruise bookings Flight bookings for agencies and corporate travel Crocierissime.it, Bravocroisieres.fr Volagratispro.it , Volagratis.biz Social network for restaurant reservations 2spaghi.it
  • 4. Milestones: 2004 Foundation with capital of €50,000, two founders and one employee Sale of first flight 2005 Introduction of traditional flights (CRS) First internal customer service with four people 2006 Bravofly translated into four languages ​for the European market 2007 Introduction of the search engine for hotels Completion of the internationalisation process and a new office in Switzerland 2008 Introduction of the “Find a Deal” and “Search by Price” features Start of the sale of car rental services 2009 Start of the sale of package holidays Launch of the sale of the combinations of flights from different airlines 2010 Start of the sale of cruises in conjunction with Crocierissime.it Launch of the first App for iPhone and iPad Acquisition of an interest by AXA Private Equity and other financial investors Launch of the sale of Dynamic Packages (“Pacchetti Dinamici”) on Viaggiare.it Introduction of the Fly Box onto the Italian market 2011 Crocierissime.it, 2spaghi.it e Traghettigratis.it become part of the Bravofly group Entrance into Russian market with Bravoavia.ru Launch of Volagratis application for Nokia and Android Development of Volagratis Pilot in collaboration with Google Launch of site in Hungarian (Bravofly.hu) Introduction of Spagobox into the market, a gift box with dinner for two people
  • 5. The Numbers: Bravofly sites are growing rapidly in Europe with a strong position in Italy and France and emerging positions in the United Kingdom, Germany, Austria, Northern Europe, Spain, Hungary and Russia. Each month, the group sites as a whole generate: Over 7,000,000 individual visitors per month Over 60,000,000 page views Over 15,000,000 flight searches And there are: Over 3,500,000 registered users and subscribers to the Weekly Newsletter 350,000 users who have authorised the sending of messages to their mobile phones
  • 6. Flights: Bravofly offers a single, simple search and booking system for over 400 airlines (including both low cost and traditional carriers): with a single search, you can book a flight. On the home page, all you need to do is insert your departure airport, destination and the date and the best price for your chosen period is displayed immediately. After the search, you can see a table with the best value combinations: if you can be flexible on dates, often just moving your departure or return by a few days can save you money.
  • 7. Flights, the filters for searching: For a more targeted search, filters have been created which, when used together, make it possible to: •Identify the maximum price you are willing to pay for a flight that suits your needs •Choose the time of day you prefer to depart •Choose the most convenient departure and arrival airports •Select an airline •Where possible, select the class of travel and even special territorial continuity tarriffs.
  • 8. Flights, the “Find a Deal”: Those in search of the cheapest flight who can be flexible will find the Find a Deal tool extremely useful. Bravofly has developed this to allow everyone to find the cheapest travel solution by processing over 15 million searches carried out every month on Bravofly sites. Alternatively it is possible to select the maximum amount that you wish to spend for your flights in order to decide where and when you could fly within the means of your budget.
  • 9. Combined flights and special offers: Bravofly is the only search engine that offers users flights where the outward and return journeys are operated by different airlines. This is a distinctive feature of Bravofly that multiplies the travel options available to end users, who can then take their pick from many possibilities according to timetabling or budget requirements. Bravofly has a whole section dedicated to Special Offers. In this section, currently only available on Volagratis.it, you can see all the best deals Bravofly makes available to its customers thanks to exclusive arrangements with the major airlines. Any of these Special Offers will also be visible when carrying out a normal search on Volagratis.it if you have chosen to depart a few days either side of the offer dates.
  • 10. Package Holidays: The latest product, which at the moment has only been developed for the Italian site, has an area dedicated solely to the best offers from the major tour operators. In September 2010 Viaggiare.it introduced the Dynamic Packages (“Pacchetti Dinamici”): a new system which allows the customer to create their very own tailor-made package by combining flights and hotels to suit their needs. Volagratis is used in order to find the best flights, where there are offers from over 400 airlines, both low cost and traditional, whilst for the hotels, Viaggiare.it collaborates with Booking.com and Venere, as well as working directly with hotels in order to offer even more beneficial rates.
  • 11. Hotels: On Bravofly sites, you can choose the hotel for your leisure or business trip from over 250,000 hotels worldwide offered by the leading hotel reservations providers on the Web (Booking and Venere and others with exclusive contracts chosen by Bravofly). Bravofly also offers advanced search methods for hotels, allowing users to find the most suitable hotel very easily. You can choose a hotel based on parameters such as price, distance from the centre or other points of interest in the city, description of rooms and services. Reviews from other users who have already stayed at these places and have expressed an opinion about the service offered are also available.
  • 12. Car Hire: In order to organise your trip quickly and easily, Bravofly offers users the possibility to book a low cost rental car from major providers such as Sixt, Europcar, Avis and Hertz with the lowest price guaranteed, discounts of up to 15% and other services such as a worldwide assistance telephone number and a small deposit at booking time.
  • 13. Tourist Guides: This section of the website offers free downloadable tourist guides of the most-searched destinations. The guides are both useful and easy to read, with specific tips about the city, events, advice about where to eat and sleep and the beauty spots.
  • 14. Cruises: This section of Volagratis.it (only on the Italian website), runs in collaboration with Crocierissime.it, comparing the cruises with the best offers: unmissable discounts with Costa Crociere, MSC Crociere, Royal Caribbean, Louis Cruises and all the major cruise companies, from the Mediterranean to the Caribbean.
  • 15. The package holidays of Viaggiare.it: Viaggiare.it is one of the largest travel agencies in Italy that offers users a simple way to book their package holidays. Viaggiare.it makes it possible to search and compare package holiday offers from many of them major tour operators and build customised and convenient flight and hotel solutions. The site offers other information, including tips and content generated by the user, thanks to the collaboration with Trip Advisor. Viaggiare.it uses the latest technology to make it possible to search and compare package holiday offers from many of them major tour operators and build customised and convenient flight and hotel solutions. The Volagratis.it search engine of package holidays supports Viaggiare.it.
  • 16. Crocierissime.it: The first site dedicated to cruises in Italy, boasting contacts with the largest Italian and foreign cruise companies: Costa Crociere, Msc Crociere, Norwegian Cruise Line, Royal Caribbean and others, in order to offer the Italian market a complete overview of the world of cruises, from 3-star ships to the most luxurious vessels. A site that is very easy and fast to use, thanks to a new search engine updated daily to ensure the latest offers from cruise companies are always available.
  • 17. 2spaghi.it: This is a social network (only available in Italian) where users share their favourite restaurants by voting for them and adding reviews and comments, deciding the success of the restaurant itself in the eyes of the community and also offering the opportunity to book. 2010 also saw the publication of the Spagoguida, the first restaurant guide originating from the Web, with comments and reviews from 2spaghi.it users.
  • 18. Traghettigratis.it Traghettigratis.it (only available in Italian) is the traveller’s search engine with deals, information and tips on booking ferries throughout the Mediterranean. To search for ferries, the innovative Planny platform offers exclusive features such as searches by price and filters by time of day and ferry company. Traghettigratis.it features major companies such as Moby Lines, Grandi Navi Veloci, Grimaldi Lines, SNAV and many others.
  • 19. VolagratisPRO.it e Volagratis.biz Designed for travel agencies, Volagratis PRO offers a free unique and professional system to operators within its sector, which allows them to obtain commission on flights, hotels and package holidays as well as many other useful features. Volagratis BIZ offers a system that responds to the needs of any agencies who would like to reduce the costs of business travel whilst at the same time maintaining a high standard of quality and professionalism.
  • 20. Bravofly Applications: Since June 2010 Bravofly has also offered the ability to search, compare and book flights to “mobile” users. In the iTunes App Store you can download the Bravofly applications for the iPhone and iPad, which in a short space of time allow you to search, use filters, choose your preferred flight, look at all the details and complete the booking in a simple and secure way. The application is also available for the Nokia phone in the Ovi Store. And now owners of an Android smartphone can download the Volagratis application from the Android Market and book your flight on the go. Recently, thanks to our collaboration with Google, Bravofly launched the application Volagratis Pilot. Available free from the Chrome Web Store, Volagratis Pilot is a game that allows participants to put themselves in the shoes of a pilot. This application is good fun and easy to use and is another demonstration of the efforts of Bravofly in always wanting to keep up with the times.
  • 21. Social Network of Bravofly: Bravofly talks openly with all its users, even through some of the most diverse social networks. The Facebook Volagratis page is growing rapidly into an enormous success. With more than 100,000 “likes”, the fan page is a place to meet clients, for those with a passion for travel to discuss their experiences and to discover the latest news from Volagratis. Recently other features have been introduced that allow fans of Volagratis to book their own flight, hotel or package holiday directly through Facebook. Facebook fan pages have also been opened for Bravofly.fr, Bravoavia.ru and Bravofly.com. Bravofly can also be found on other major social networking sites such as Twitter, Flickr, LinkedIn and Foursquare.
  • 22. L’osservatorio: The Volagratis Flight Observatory (“L’Osservatorio Volagratis”) conducts research into the whole flight, holiday and cruise sectors, analysing the phenomenon of choosing and purchasing flights, both in its quantitative dimensions and in the interpretation of the scenarios and trends of this new way of travelling, in constant evolution. The Observatory (only in available in Italian) makes use of a large amount of data extracted from 15 million searches made each month by Bravofly site users, and was set up in 2004 as a result of the need to provide users and the media with accurate, detailed information, as well as an overview of the low-cost phenomenon. Articles from the Observatory can be found at the following address: www.osservatorio-volagratis.com
  • 23. Press Office: Rosangela Leone Email: rosangela.leone@bravofly.com Mobile: +39 3299753992