Granolio d.d.

AGM Information • Jul 9, 2015

Granolio

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 09, 2015

Notice on the Decisions adopted at the General Assembly

The General Assembly of Granolio d.d. was held on 9 July 2015 at the DoubleTree by Hilton Hotel in Zagreb, Olive Meeting Room I, Ulica grada Vukovara 269a, Zagreb and the General Assembly was attended by 1.552.449 votes or 81,64 % of the total share capital.

The following decisions have been adopted by the General Assembly:

Ad 2) The Management Report on the status of the Company and affiliated Companies for the year 2014 is hereby adopted.

Ad 3) The Supervisory Board Report on the supervision of Company operations for the year 2014 with a proposal for coverage of losses and results of the review of annual financial statements, of reports on operations and of the Report on the state of the Company and affiliated companies is hereby adopted.

Ad 4) Consolidated financial statements for the year 2014 and the Auditor's Report by Baker Tilly Discordia d.o.o. on the audit of the Granolio Group for 2014 are hereby acknowledged.

Ad 5) Financial statements for the year 2014 and the Auditor's Report by Baker Tilly Discordia d.o.o. on the audit of Granolio d.d. for 2014 are hereby acknowledged.

Ad 6) The loss in year 2014 in the amount of HRK 42,859,425 is to be covered through retained earnings in the amount of HRK 32,142,333 and partly carried forward to the following financial year in the amount of HRK 10,717,092.

Ad $\sqrt{7}$

a) Work of members of the Management Board regarding the management of the Company's business for the previous business year are approved (a note of release is issued).

b) Work of members of the Supervisory Board regarding the supervision of the Company's business for the previous business year are approved (a note of release is issued).

Ad 9) DELOITTE d.o.o., Radnička cesta 80/VI, 10000 Zagreb, OIB: 11686457780 is appointed auditor of the Company for the year 2015.

The decisions are adopted in accordance with the decision proposals published in the Invitation to the General Assembly in the Official Gazette No. 61 of 3 June 2015, on the Company's website and the website of the Zagreb Stock Exchange, HINA as well as in the Official Register of Prescribed Information (HANFA).

The General Assembly adopted the following decision according to the counter-proposal of the shareholder Vladimir Kalčić to the proposal of the decision under Item 8) of the Agenda, which is published in a proper form on 3 June 2015:

$Ad 811/$ Article 46 of the Articles of Association is amended as to read: The shareholders that submitted the application for participation at least 6 (six) days prior to the date of the General Assembly, may participate at the General Assembly.

$II/$ Article 48 of the Articles of Association is amended as to read:

"The right to participate and exercise the right to vote at the General Assembly pertains to the holders of the registered shares or their proxies, which are entered as the shareholders with the Central Depository & Clearing Company at the beginning of the 21st (twenty-first) day prior to General Assembly being held."

The elaboration of the counter proposal reads:

The counter-proposal adjusts the proposed amendment of the Articles of Association with the Art. 279 par. 2 of the Companies Act, taking into consideration the fact that the shares of the Company have been listed at the regulated market, hence the Articles 46 and 48 of the Articles of Association need to be adjusted as stated in the counter-proposal.

GRANOLIO d.d.