Podravka d.d. — Director's Dealing 2018

May 23, 2018

PODRAVKA Inc. Ante Starčević Str. No 32 48000 Koprivnica

Ticker: PODR-R-A ISIN: HRPODRRA0004 Listing: Official Market of the Zagreb Stock Exchange

Koprivnica, 23 rd May 2018

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

Re: Acquisition of PODRAVKA Inc. shares – Notice

Pursuant to the Article 19 of the Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation) and to Article 464 of the Capital Market Law, PODRAVKA Inc. (hereinafter: Issuer) hereby notifies that on 23 rd May 2018 the PBZ CROATIA OSIGURANJE Joint Stock Company for Compulsory Pension Funds Management informed the Issuer that on 21.05.2018 it has acquired the shares of the Issuer, in its own name and on behalf of the PBZ CROATIA OSIGURANJE Compulsory Pension Fund - category B.

This Notice is provided due to the fact that Mr. Dubravko Štimac, an insider on the Insider List of the Issuer – is the President of the Supervisory Board of the Issuer – who also holds the position of the President of the Management Board of the PBZ CROATIA OSIGURANJE Joint Stock Company for Compulsory Pension Funds Management.

Information about the transactions are stated in accordance with the Template for the Notifications Nr. 2016/523 on the transactions by persons discharging managerial responsibilities and persons closely associated with them, and for the disclosure of those transactions, and which Template is enclosed to this Notice.

PODRAVKA Inc.

Zagreb, 23. May 2018.

Number:120/18/KR

Hrvatska agencija za nadzor financijskih usluga Miramarska 24 b 10 000 Zagreb

Podravka d.d. Ante Starčevića 32 48000 Koprivnica

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

	1 Details of the person discharging managerial responsibilities/person closely associated
	PBZ CROATIA OSIGURANJE Compulsory Pension Fund - Category B a) Name
12	Reason for the notification
	a) Position/status	Dubravko Štimac is the president of the Supervisory board of PODRAVKA JSC and also the president of the Management board of PBZ CROATIA OSIGURANJE JSC for Compulsory Pension Funds Management.
	b) Initial notification/Amendment Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	a) Name	PODRAVKA JSC
	b)LEI	549300TMC6BYESPQ7W85
	4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
	a) Description of the financial instrument, type of instrument Identification code	Shares of PODRAVKA JSC Symbol PODR-R-A ISIN: HRPODRRA0004
	b) Nature of the transaction	Acquisition of shares

PBZ CROATIA OSIGURANJE d.d. za upravljanje obveznim mirovinskim fondovima, Zagreb, Radnička cesta 44 - OI8: 20455535575 - Besplatni info telefon: 0800 44 55 44 - Telefon: 01/6363-700, Fax: 01/6363-700, Fax: 01/6363-703 - D sudski registar Trgovačkog suda u Zagrebu pod brojem M8S: 080406469 · Račun društva vodi se kod PBZ d.d. u Zagrebu, IBAN: HR0223400091102710646 · Temeljni kapital društva iznosi 56.000.000 kn i uplaćen je u cijelosti · Uku broj izdanih dionica je 56.000, svaka nominalne vrijednosti 1.000 kn · Dubravko Štimac, predsjednik Uprave · Renata Kašnjar-Putar, članica Uprave

OBVEZNI MIROVINSKI FONDOVI PBZCROATIA OSIGURAN

$ c $ Price(s) and volume(s)	Date(s)	Price(s)	Volume(s)
	21.05.2018.	315,00 HRK	22
d) Aggregated information Aggregated volume Price	Aggregated volume: 22 Price: 315,00 HRK (average weighted price of agregate transactions) $\qquad \qquad -$
e) Date of the transaction	2018-05-21
f) Place of the transaction	Zagreb Stock Exchange

Member of management board

Renata Kašnjar-Putar

W

President of management board

Dubravko/Štimac $\underset{\text{d.d. za upravllanie obveznim mitovinskim fondovima}}{\text{PBZ C R O A T I A}} {\underset{\text{p.s. u. v. R A N J E}}{\text{PC}}}\underset{\text{p. k.A. N J E}}{\text{PD}}$

PBZ CROATIA OSIGURANJE d.d. za upravljanje obveznim mirovinskim fondovima, Zagreb, Radnička cesta 44 · OIB: 20455535575 · Besplatni info telefon: 0800 44 55 44 · Telefon: 01/6363-700, Fax: 01/6363-703 · Društvo je upisano broj izdanih dionica je 56.000, svaka nominalne vrijednosti 1.000 kn · Dubravko Štimac, predsjednik Uprave · Renata Kašnjar-Putar, članica Uprave