Podravka d.d. — Capital/Financing Update 2011

May 17, 2011

Koprivnica, May 17th 2011

- THE ZAGREB STOCK EXCHANGE - CROATIAN FINANCIAL SERVICES

SUPERVISORY AGENCY

Re: Notice – Pursuant to the provisions art. 459. Of the Capital Market Law – Bonds PODR-O-115A

Pursuant to the provisions of the Capital Market Law and the Rules of the Zagreb Stock Exchange, notice is hereby given that on 17 May 2011, which is the due date, Podravka d.d redeemed the bond in amount of HRK 375 million.

These bonds were included on the Official Market of the Zagreb Stock Exchange under the symbol PODR-O-115A. Bond is redeemed with funds from Facility Agreement dated 16 December 2010.

PODRAVKA d.d.