Institut IGH d.d. — Board/Management Information 2013

Dec 13, 2013

IGH-R-A Regular Share, ISIN HRIGH0RA0006 Offered at the official market of the Zagreb Stock Exchange Notice issued in accordance with Article 459 of the Capital Market Act

Zagreb, 13 December 2013

10000 Zagreb 10000 Zagreb

HANFA ZAGREB STOCK EXCHANGE Miramarska 24b Ivana Lučića 2a Odjel uvrštenja

By invitation and pursuant to provisions of the Capital Market Act (NN 88/08, 146/08, 74/09), and according to the Zagreb Stock Exchange rules, the company INSTITUT IGH, d.d. with the registered seat in Zagreb, Janka Rakuše 1, MBS: 080000959, OIB: 79766124714 (hereinafter: the Issuer) announces:

DECISIONS MADE AT THE 37th SUPERVISORY BOARD SESSION

At its 37th session held on 12 December 2013., the Supervisory Board of the company INSTITUT IGH d.d. made the decision whereby the following Management Board members are released from duty:

Željko Štromar, M.Sc., Management Board member for core activity Tomislav Alpeza, M.Sc., Management Board member for restructuring activity Mr. Veniamin Mezhibovskiy, Management Board member for international activities

The term of office of the above Management Board members expires on 15 December 2013.

During the same session, the company's Supervisory Board appointed Jelena Bleizzifer, Ph.D. as the company's Management Board member for core activity. Ms Jelena Bleizzifer's term of office starts on 16 December 2013.

Consequently, as from 16 December 2013, the Management Board of the company INSTITUT IGH d.d. is composed of three members: professor Jure Radić, Ph.D., president, and Jelena Bleizzifer Ph.D. and Željko Grzunov, B.Econ.

INSTITUT IGH d.d.

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