Granolio d.d.

Pre-Annual General Meeting Information • Jun 3, 2015

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

Pursuant to the Article 282 of the Companies Act, Granolio d.d. announces the counter-proposal of the shareholder Vladimir Kalčić to the proposal of the decision under Item 8) of the agenda for the General Assembly convened for 09.07.2015, which shall be held on 09.07.2015, with the beginning at 12:00 hours at hotel DoubleTree by Hilton Zagreb, Meeting Room Olive I, Ulica grada Vukovara 269a

The counter-proposal reads:

"I/ 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.

Pursuant to the Art. 282. of the Companies Act, the counter-proposal of the shareholder has been announced at the web pages of the company www.granolio.hr/hr/investitori/on 03.06.2015, on which date it was delivered to Zagreb Stock Exchange and Central storage of regulated information, and is available to the shareholders for review and copying at the registered offices of the Company.

Granolio d.d.