Granolio d.d.

AGM Information • Jul 19, 2016

Granolio d d Budmanijeva 5, HR-10000 Zagreb tel.: +385 | 6320 200; faks: +385 | 6320 222; e-mail: granolio@granolio.hr; http://www.granolio.hr

SECURITY: GRNL-R-A / ISIN: HRGRNLRA0006 LISTING: Zagreb Stock Exchange

Zagreb, July 19, 2016

Notice on the Decisions adopted at the General Assembly

The General Assembly of Granolio d.d. was held on 19 July 2016 at the Granolio d.d. headquarters, Budmanijeva 5, Zagreb, and the General Assembly was attended by 1.469.250 votes or 77.26% of the total share capital.

The following decisions have been adopted by the General Assembly:

Ad 2) The Management Board and the Supervisory Board propose to the General Assembly to pass the following $r e s o l u t i o n$ :

The Company's Management Board is granted authorisation to acquire own shares marked as GRNL-R-A in the name and for the account of the Company, for a period of 5 years from the day of this resolution, on the grounds of this resolution and without any further special authorisation from the Company's General Assembly, under the following conditions:

the shares acquired on the grounds of this resolution, along with own shares $1)$ already in the possession of the Company, may not exceed 10% (ten percent) of the Company's share capital,

the Company's Management Board shall acquire its own shares on the $(2)$ organised securities market,

the price at which own shares are bought may not be more than 10% (ten $3)$ percent) above, or 10% (ten percent) below the average share market price on the previous trading day,

$4)$ the Company's net assets as indicated in the financial statements for the previous business year may not, due to the acquisition of the shares, become lower than the share capital and reserves required by the law, the Articles of Association or decision of the General Assembly, which cannot be used for distribution to shareholders.

at the next General Assembly meeting the Company's Management Board shall provide the reasons and purpose for the acquisition of the shares, their quantity and

Granolio d.d. Budmanijeva 5, HR-10000 Zagreb tel.: +385 | 6320 200; faks: +385 | 6320 222; e-mail: granolio@granolio.hr; http://www.granolio.hr

percentage of the share capital, as well as the counter value paid by the Company for the shares. The Management Board shall also inform the Company's Supervisory Board, and this report shall be submitted within one month from the end of each quarter.

GRANOLIO d.d.

MB: 1244272; OIB: 59064993527; IBAN HR6024020061100063532 Erste&Steiermarkische bank d.d. Rijeka. IBAN HR1423400091110416692 Privredna banka Zagreb, IBAN HR5123900011100014261 Hrvatska poštanska banka Zagreb; temeljni kapital: 19.016.430,00 kn uplaćen u cijelosti podijeljen na 1.901.643 redovnih dionica serije A nominalnog iznosa 10,00 kn; tvrtka je upisana u Trgovačkom sudu u Zagrebu, MBS: 080111595; predsjednik Uprave: Hrvoje Filipović, članovi Uprave: Vladimir Kalčić, Drago Šurina i Tomislav Kalafatić, predsjednik Nadzornog odbora: Franjo Filipović