Hrvatska Poštanska Banka d.d.

Capital/Financing Update • Nov 23, 2022

Management Board Jurišićeva ulica 4, HR-10000 Zagreb Phone: +385 1 4804 400, +385 1 4804 409 Fax: +385 1 4810 773 Zagreb, November 23, 2022 No: F00-124/22-SS

LEI 529900D5G4V6THXC5P79 Home MemberState of Issuer Republic of Croatia

ISIN HRHPB0RA0002

Stock Exchange Identifier HPB-R-A Regulated Market/ Segment

ZagrebStock Exchange Inc. Official Market

Zagreb Stock Exchange Inc. Croatian Financial Services Supervisory Agency ("HANFA") Croatian News Agency OTS HINA

Subject: HRVATSKA POŠTANSKA BANKA p.l.c.

- Inside information

- Information on change of business model for debt securities

HRVATSKA POŠTANSKA BANKA, joint-stock company, Zagreb, Jurišićeva ulica 4 (hereinafter: the Bank), informs the investment public that the Bank's Management has made a decision to change the business model for debt securities that the Bank currently has in hold to collect and sell business model to hold to collect business model.

By changing the business model, the Management Board of the Bank consequently approved the reclassification of the portfolio of securities that were classified in the hold to collect and sell business model to hold to collect in accordance with article 4.4.1 of International Financial Reporting Standard 9 (IFRS9): Financial Instruments.

According to article B 4.4.2. of IFRS 9: Financial instruments, October 1, 2022 was determined as the date of accounting reclassification of financial instruments, which is the first day after the reporting period in which the business model changed.

The financial effects of the change in the business model, i.e. the aforementioned portfolio reclassification, consist of a decrease in debt securities at fair value through other comprehensive income (AOP 019) by HRK 2,879 million, an increase in debt securities at amortized cost (AOP 022) by HRK 3,110.6 million and an increase in accumulated other comprehensive income (AOP 059) in equity and reserves by HRK 231.6 million, which will be visible in the next reporting period as of December 31, 2022.

Hrvatska poštanska banka, p.l.c.

Hrvatska poštanska banka, d.d. ⋅ Jurišićeva ulica 4, 10000 Zagreb, Croatia ⋅ tel.: 072 472 472 ⋅ hpb@hpb.hr ⋅ www.hpb.hr Bank Management Board: Marko Badurina, Chairman ⋅ Anto Mihaljević, Member ⋅ Ivan Soldo, Member ⋅ Supervisory Board Chairman: Marijana Miličević ⋅ IBAN: HR46 2390 0011 0700 0002 9 ⋅ SWIFT: HPBZHR2X ⋅ OIB: 87939104217 ⋅ Registered with Zagreb Commercial Court under number MBS: 080010698 ⋅ Base Capital 1.214.775.000,00 kn, divided into 2.024.625 ordinary shares in nominal amount of 600,00 kn (paid in full)