Granolio d.d.

AGM Information • Jun 6, 2017

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, June 06, 2017

Notice on the Decisions adopted at the General Assembly

The General Assembly of Granolio d.d. was held on 06 June 2017 at the DoubleTree by Hilton Hotel in Zagreb, Olive Meeting Room I, Ulica grada Vukovara 269a, Zagreb and the General Assembly was attended by 1.472.250 votes or 77,42 % 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 2016 is hereby adopted.

Ad 3) The Supervisory Board Report on the supervision of Company operations for the year 2016 with a proposal for the distribution of the 2016 profit and results of the review of annual financial statements, and the Report on the status of the Company and affiliated companies for the year 2016 is hereby adopted.

Ad 4) Consolidated financial statements for the year 2016 and the Auditor's Report by Deloitte d.o.o. on the audit of the Granolio Group for the year 2016 are hereby acknowledged.

Ad 5) Financial statements for the year 2016 and the Auditor's Report by Deloitte d.o.o. on the audit of Granolio d.d. for the year 2016 are hereby acknowledged.

Ad 6) The profit of the year 2016 in the amount of HRK 2.506.535,26 kn (after taxation) is distributed as follows:

• legal reserves in the amount of HRK 125.326.76 and L.
• retained earnings in the amount of HRK 2.381.208.50.

Ad $7)$

Work of members of the Management Board regarding the management of the Company's business for $a)$ the previous business year is approved (a clearance is granted).

Work of members of the Supervisory Board regarding the supervision of the Company's business for $b)$ the previous business year is approved (a clearance is granted).

Ad 8) DELOITTE d.o.o., Radnička cesta 80/VI, 10000 Zagreb, OIB: 11686457780 is appointed auditor of the Company for the year 2017.

$Ad~10$ The information from the Management Board that during January-March 2017 the loss of the Company amounted to HRK 12,926,301.78, which exceeds half of the Company's share capital is hereby acknowledged.

GRANOLIO d.d.