Granolio d.d.

Capital/Financing Update • Jul 31, 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 31, 2015

Subject: Announcement - 300 million HRK for Granolio d.d.

Granolio d.d. to be jointly financed through a club loan with Erste Bank, PBZ and Zagrebačka banka

Representatives of Granolio d.d., as the loan user, Erste&Steiermärkische Bank d.d., Privredna banka Zagreb d.d. (PBZ) and Zagrebačka banka d.d. (ZABA), as mandated arrangers and lenders, and Privredna banka Zagreb d.d. as the Agent, have signed on 31 July 2015 a 300 million HRK long-term club loan agreement.

These banks participate in the loan in equal amounts of 100 million HRK each.

PBZ, Erste Bank and ZABA expressed their satisfaction with the joint financing of this important Croatian food processing company. With this financial transaction; Granolio's position in a number of food and processing industries will be significantly strengthened.

Hrvoje Filipović, President of the Management Board of Granolio d.d., thanked the banks and expressed his satisfaction with the club loan agreement, pointing out that "the conclusion of this financial arrangement has completed the second phase of financial strengthening of our company following recapitalisation, ensuring prerequisites for stable and profitable business operations and continued progress of the Company".

GRANOLIO d.d.