Institut IGH d.d. — Share Issue/Capital Change 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. 459

Zagreb, 23 May 2012.

10000 Zagreb 10000 Zagreb

HANFA ZAGREBAČKA BURZA

Miramarska 24b Ivana Lučića 2a Odjel uvrštenja

Further to provisions of the Capital Market Act, Zagreb Stock Exchange rules, and other relevant statutory regulations, the company INSTITUT IGH, d.d. with the registered seat in Zagreb, Janka Rakuše 1, personal identification No. (OIB) 79766124714, hereby gives the following notification:

Pursuant to decision reached at the General Assembly meeting dated 26 April 2012, the company INSTITUT IGH, d.d. completed the procedure for registration of the increase in its share capital. According to the decision of the Commercial Court – Zagreb, the company's share capital has been increased for HRK 42,236,000.00, from HRK 63,432,000.00 to HRK 105,668,000.00. After the said increase in share capital, the company has issued 264,170 of ordinary shares. The company has acquired HRK 80,248,400.00 by the above mentioned increase in its share capital.

INSTITUT IGH d.d.