Dalekovod d.d. — Share Issue/Capital Change 2014

Mar 31, 2014

R E S O L U T I O N

The Commercial Court in Zagreb, represented by the judge of that court Željka Bregeš acting severally, in the registry matter of registering in the court registry a simplified decrease in share capital with simultaneous increase in share capital and amendments to the provisions of the Articles of Association as applied for by the applicant Dalekovod dioničko društvo za inženjering, proizvodnju i izgradnju, Marijana Čavića 4, Zagreb,

r e s o l v e d

on 27 March 2014, to register the following in the court registry of this court:

in the joint-stock company

under the corporate name of Dalekovod dioničko društvo za inženjering, proizvodnju i izgradnju, having its registered office at Marijana Čavića 4, Zagreb, in the registry file with registration number 080010093, according to the information provided in the attachment to this resolution ("Information for Registration in the Court Registry"), which is integral part thereof.

COMMERCIAL COURT IN ZAGREB

Zagreb, 27 March 2014

JUDGE Željka Bregeš (signature and stamp)

Legal Notice:

A participant, or another person having legal interest herein, is entitled to appeal this resolution. Such appeal should be filed within 8 (eight) days to the High Commercial Court of the Republic of Croatia in two copies, via the court of appeals. The applicant is not entitled to appeal.

INFORMATION FOR REGISTRATION IN THE MAIN BOOK OF THE COURT REGISTRY (attachment to resolution)

The following is hereby registered under entry number 39 for Dalekovod dioničko društvo za inženjering, proizvodnju i izgradnju:

REGISTERED ENTITY

SHARE CAPITAL: # HRK 286,726,500.00 HRK 187,194,330.00

LEGAL RELATIONS:

Articles of Association:

By General Meeting's Resolution of 22 July 2013, the Articles of Association were amended with respect to the provision of Article 7 – Share Capital, and the provision of Article 18c – Authorized Share Capital. The full text of the Articles of Association has been determined, delivered to the court and filed.

Changes in Share Capital:

By General Meeting's Resolution of 22 July 2013, the share capital was decreased from HRK 286,726,500.00 by HRK 258,053,850.00 to HRK 28,672,650.00 to cover losses by reducing the nominal value of a share from HRK 100.00 to HRK 10.00 with simultaneous decrease in share capital form HRK 28,672,650.00 by HRK 158,521,680.00 to 187,194,330.00 by a cash payment of HRK 150,000,000.00 and a contribution in rights/conversion of debt of HRK 8,521,680.00 by issuing new shares.

Note: the information accompanied by "#" no longer applies!

Zagreb, 28 March 2014

JUDGE Željka Bregeš (signature and stamp)

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