Granolio d.d.

Declaration of Voting Results & Voting Rights Announcements • Jan 30, 2018

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

Hrvatska agencija za nadzor financijskih usluga (HANFA) Miramarska cesta 24 b 10000 ZAGREB

HANFA - Službeni registar propisanih informacija

Zagrebačka burza d.d. Ivana Lučića 2a 10000 ZAGREB

HINA - Hrvatska izvještajna novinska agencija ots@hina.hr

Zagreb, January 30, 2018

Subject: Notification on changes in the number of shares and / or voting rights (GRNL-R-A, ISIN: HRGRNLRA0006)

Pursuant to the article 428 of the Capital Market Act and Zagreb Stock Exchange Rules, Granolio d.d. Zagreb, Budmanijeva 5, OIB: 59064993527, MBS: 080111595, company entered into the Court registry of the Commercial Court in Zagreb (hereinafter: the Company or Issuer), hereby announces that on January 29, 2018, it had received the notification pursuant to the article 413 of the Capital Market Act, from the company HOK-OSIGURANJE d.d., Zagreb, Capraška ulica 6, OIB 00432869176 (hereinafter: Acquirer), on direct acquisition of 150,000 shares with the voting right marked GRNL-R-A by which the limit of 15% of the voting rights in the Issuer was exceeded.

The Company has issued 1.901.643 regular shares marked GRNL-R-A. According to the Acquirer's above notification, on January 25, 2018, the Acquirer acquired 150.000 shares by OTC transaction (T+2), which shares represent 7,89% of the Company share capital and 7,89% of the total number of Issuers voting rights, by which acquisition the 15% threshold from the article 413 of the Capital Market Act was exceeded. After this transaction the Acquirer holds totally 370.722 shares marked GRNL-R-A with the voting right, which represents 19,50% of the Company share capital and 19,50% of the total number of Issuer's voting rights.

This notification was delivered to the Officially appointed mechanism for the central storage of regulated information of the Croatian Financial Services Supervisory Agency - HANFA, Zagreb Stock Exchange, Croatian News Agency and it is available on the Company web site www.granolio.hr.

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 i Drago Šurina, predsjednik Nadzornog odbora: Franjo Filipović