Podravka d.d. — M&A Activity 2014

Aug 1, 2014

Koprivnica, 1 st August 2014

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

Subject: Notice regarding the Inquiry – to be delivered

Respected,

Regarding your inquiry received today in relation to the article published on web page tportal.hr entitled "Todorić is selling his jewel: Ledo goes to Podravka!" in which is said that "... the business is definitly agreed, but due to its complexity – before takeover of Ledo, Podravka is planning to perform the recapitalization – the "deal" could be concluded just at the end of a year", we hereby inform you that in this moment, under our consideration, there is no price sensitive information that public should be informed of.

Yours faithfully,

PODRAVKA Inc.