Podravka d.d. — AGM Information 2017

Apr 28, 2017

PODRAVKA Inc. Ante Starčević Str. No 32 48000 Koprivnica

Ticker: PODR-R-A ISIN: HRPODRRA0004

Listing: Official Market of the Zagreb Stock Exchange

Koprivnica, 28^th April 2017

• ZAGREB STOCK EXCHANGE
• CROATIAN FINANCIAL SERVICES SUPERVISORY AGENCY
• CROATIAN NEWS AGENCY
• COMPANY WEB SITE

Re: Sessions of the Management and Supervisory Board of PODRAVKA Inc. held $-$ notice

Pursuant to the Capital Market Law and the Stock Exchange Rules, we hereby notify that on 28th April 2017 the Supervisory Board of PODRAVKA Inc. adopted the audited Annual Financial Statements of PODRAVKA Group and PODRAVKA Inc. for 2016 and the proposal of decision on the profit allocation of PODRAVKA Inc. for the business year 2016 - that is enclosed to this Notice.

Also, the Management Board of PODRAVKA Inc. on 28^th April 2017 established the unaudited Financial Statements of PODRAVKA Group and PODRAVKA Inc. for the period 01.01.-31.03.2017.

Above mentioned Financial statements will be published at the Zagreb Stock Exchange, HANFA, HINA and the Company web site.

PODRAVKA Inc.

SUPERVISORY BOARD

No: NO-148-3-2017. Koprivnica, 28^th April 2017

In accordance with Articles 263 par 3 and 280 par 3 of the Company Law (Official Gazette No 152/11 clear version. 111/12. 68/13 and 110/15) and Article 21 of the Rules of Procedure of the Company Supervisory Board, the Supervisory Board of PODRAVKA Inc. on its 148^th session held in writting held on 28^th April 2017, adopted by voting in writting the following

DECISION PROPOSAL

on profit distribution of PODRAVKA Inc. for the business year 2016

$\mathbf{I}$

It is determined that net profit of PODRAVKA Inc., M.B. 03454088, PIN 18928523252 (hereinafter: the Company) for the business year 2016 stated in the audited Annual Financial Statements of the Company, amounts HRK 179.321.686.91.

$\mathbf{H}$

The net profit of the Company for year 2016 shall be allocated as follows:

legal reserves in the amount of HRK 8,966,084.35.

$\mathbf{H}$

It is approved that dividend to shareholders of the Company, owners of ordinary shares under the ticker PODR-R-A, shall be paid out in the gross amount of HRK 7.00 (seven kunas) per share.

Dividend shall be paid out to all shareholders that are registered as shareholders at the Central Depository & Clearing Company Inc. on 30th day after the date of the ordinary Company General Meeting (record date). Date on which securities of PODRAVKA Inc. will be traded without dividend payment right is the last trading day preceding the record date (ex date).

Dividend payment claim will be due upon the expiration of 30 days from the record date (payment date).

IV

After the net profit of the Company was being allocated in accordance with item II and III of this Decision Proposal, the remaining part of net profit shall be carried to other reserves.

The amount of dividend accounted for the Company's treasury shares shall be retained in undistributed profit.

$\overline{V}$

This Decision Proposal will be submitted to the General Assembly of the Company.

President of the Supervisory Board:

Dubravko Štimac, v.r.