Podravka d.d. — M&A Activity 2010

Oct 25, 2010

Koprivnica, 25th October 2010

- THE ZAGREB STOCK EXCHANGE

- CROATIAN FINANCIAL SERVICES SUPERVISORY AGENCY

Re: OTP bank – notice; to be delivered

Pursuant to the Capital Market Law and the Rules of the Zagreb Stock Exchange, we hereby inform you that PODRAVKA d.d. received a notice on Put Option, compliant to Article 2.02 of the Put and Call Options signed between PODRAVKA d.d. and OTP Bank on 27th March 2009, and OTP Bank hereby informs PODRAVKA that it wants to use the Put option for 10.65 % shares of the issuer PODRAVKA d.d., the holder of which is FIMA AMI Limited (hereinafter: option shares).

At the same time OTP Bank informed PODRAVKA d.d. that, pursuant to Article 2.01. of the Put and Call Options signed between OTP Bank and FIMA AMI Limited on 27th March 2009, that it activated Call Option for option shares held by FIMA AMI Limited, and intends to acquire the shares in question.

All further important information you will receive in due time.

PODRAVKA d.d.