Institut IGH d.d. — Major Shareholding Notification 2012

May 23, 2012

IGH-R-A Regular Share, ISIN HRIGH0RA0006 Offered at the official market of the Zagreb Stock Exchange Notice compliant with provisions of the Capital Market Act, Art. 428 & 413

Zagreb, 23 May 2012.

10000 Zagreb 10000 Zagreb

HANFA ZAGREBAČKA BURZA

Miramarska 24b Ivana Lučića 2a Odjel uvrštenja

• I Pursuant to Articles 413 and 428 of the Capital Market Act, the Company INSTITUT IGH d,d has received a notice from physical and legal persons that have, after having participated in the increase of share capital of INSTITUT IGH d.d. based on the Company's General Assembly decision of 26 April 2012, exceeded the threshold of 5 and 20 percent of the voting rights in the Issuer.
• II Following the statement from Section I of this Notice, we wish to advise you that Mr. Veniamin Mezhibovskiy, Raduzhnaja 6, Derevnja Velednikovo, 143581, Moscow, citizen of the Russian Federation, OIB: 81886733078, has subscribed to and paid for 60,000 shares, and has thus acquired 22.713% of voting rights.
• III We also wish to advise you that the company ZAGREB-MONTAŽA d.o.o. from Zagreb, Veslačka 2, OIB: 06588149401, has subscribed to and paid for 15.000 shares and has thus acquired 5.678% of voting rights, while the company associated with the above company, i.e. the company ZM-MONTAG d.o.o., from Zagreb, Veslačka 2, OIB: 67750890782, has subscribed to and paid for additional 15.000 shares, and has thus also acquired 5.678% of voting rights. ZAGREB-MONTAŽA and ZM-MONTAG, as its associated company, are Croatian companies that are present at domestic and foreign markets, and that have experience and references in the field of fabrication of steel structures, thermal power plants, pipelines, water supply systems, waste water systems, and industrial plants.

Institut IGH d.d.

Janka Rakuše 1, 10000 Zagreb, CROATIA Tel: +385 1 6125 125, Fax: +385 1 6125 401, igh@igh.hr, www.igh.hr

• IV INSTITUT IGH, d.d. wishes to state, as a material fact, that employees of the INSTITUT IGH d.d. have also participated in the mentioned increased in share capital and this via the company IGH-ESOP d.o.o. Janka Rakuše 1, Zagreb, OIB: 90083820661. 173 employees of INSTITUT IGH d.d. have taken part in this program, and so the IGH-ESOP has subscribed to and paid for $3,920$ shares (HRK 2,979,200.00), which constitutes $1.484\%$ of voting rights.
• V INSTITUT IGH, d.d. is currently in the process of registering the newly subscribed shares with the Central Depository and Clearing Company.

INSTITUT IGH d.d.

SPLIT 21 000 Matice hrvatske 15 Tel:021/558-666 Fax:021/465-335

RIJEKA 51 000 Slavka Tomašića 5 Tel:051/206-100 Fax:051/206-106

OSIJEK 31 000 Drinska 18 Tel:031/253-101 Fax:031/253-104

VARAŽDIN 42 000 Hallerova aleja 7 Tel:042/210-970, 042/210-722 Fax: 042/211-285

DUBROVNIK 20 000 Vukovarska 8 Tel:020/412-489. 020/411-628 Fax:020/412-489

PULA 52 100 Rizzijeva 40 Tel:052/508-220 Fax:052/508-221

KARLOVAC 47 000 Primorska 16 Tel:047/416-987, 047/416-988 Fax:047/416-989

SISAK 44 000 Ferde Hefelea b.b. Tel: 044/571-255 Fax:044/571-256

ZADAR 23 000 Dobriše Cesarića 1 Tel:023/220-910, 023/323-299 Fax:023/323-225

Dielatnost: 73102 MB: 3750272 Poslovna banka: Zagrebačka banka d.d. Zagreb, Paromlinska 2

žiro-ročun 2360000-1101243767 devizni račun kod Zagrebačke banke d.d. Zagreb: 2100085026 080000959 OIB: 79766124714

Mierodavni sud: Temeljni kapital Trgovački sud u Zagrebu, 63.432.000.00 kn registarski uložak uplaćen u cijelosti s matičnim brojem (MBS) Broj izdanih dionica 158.580, nominalno

Uprava: vrijednost dionice 400 kn

prof. dr.sc. Jure Radić, direktor zastupa društvo pojedinačno i samostalno Nadzorni odbor dr.sc. Franjo Gregurić, predsjednik