Podravka d.d. — AGM Information 2019

Apr 30, 2019

PODRAVKA Inc. Ante Starčević Str. No 32 48000 Koprivnica

Ticker: PODR-R-A ISIN: HRPODRRA0004 LEI: 549300TMC6BYESPQ7W85 Home Member State: Hrvatska Listing: Prime Market of the Zagreb Stock Exchange

Koprivnica, 30th April 2019

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

Re: Sessions of the Management Board and Supervisory Board of PODRAVKA Inc. held – Notice

Pursuant to the Capital Market Law and the Stock Exchange Rules, we hereby notify that the sessions of the Management Board and Supervisory Board of PODRAVKA Inc. were held on 30th April 2019 - and audited Financial Statements of PODRAVKA Group (consolidated) and PODRAVKA Inc. (non-consolidated) for 2018 and the Proposal of decision on the profit allocation of PODRAVKA Inc. for the year 2018 were established that is enclosed to this Notice.

Also, Financial Statements of PODRAVKA Group (consolidated) and PODRAVKA Inc. (nonconsolidated) for the period 1.01.-31.03.2019 were established.

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

PODRAVKA Inc.

SUPERVISORY BOARD

No: NO-5-3-2019. Koprivnica, 30th April 2019

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, 110/15 and 40/19) and Article 4 of the Rules of Procedure of the Company Supervisory Board, the Supervisory Board of PODRAVKA Inc. on its 5th session held on 30th April 2019, adopted the following

DECISION PROPOSAL

on profit distribution of PODRAVKA Inc. for the year 2018

I

It is determined that net profit of PODRAVKA Inc., M.B. 03454088, PIN 18928523252 (hereinafter: the Company) for the year 2018 stated in the audited Annual Financial Statements of the Company, amounts HRK 113,141,325.96.

II

The net profit of the Company for year 2018 in item I of this Decision Proposal shall be allocated as follows:

• legal reserves in the amount of HRK 5,657,066.30.

III

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 9.00 (nine kunas) per share.

Dividend shall be paid out to all shareholders that are registered as shareholders at the Central Depository & Clearing Company Inc. on July 18th 2019 (record date).

Date on which securities of the Company will be traded without dividend payment right is July 17th 2019 (ex date).

Dividend payment claim will be due on August 16th 2019 (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.

V

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

President of the Supervisory Board:

Dubravko Štimac, v.r.