Viro Tvornica ŠEĆERA d.d.

Transaction in Own Shares • May 11, 2020

ZSE

HINA

SECURITY: VIRO-R-A LEI: 5493006LGN8RLWC2UL05 HOME MEMBER STATE: Croatia

Zagreb, 11.05.2020.

RE: Information regarding own shares

To Whom It May Concern:

In accordance with Article 474 Para 3 of the Law on Capital Markets, VIRO TVORNICA ŠEĆERA d.d. Zagreb hereby publish the annual information regarding own shares.

On this day, the Company holds 42.507 own shares, designated as VIRO-R-A, which represent 3,0654% of the Company's aggregate share capital.

The shares have been acquired and are held in accordance and on the basis of Viro's general assembly resolution of 29th August 2017, under which resolution the management board has been granted mandate to acquire the Company's shares under the following conditions:

• That the total number of shares acquired on its basis amounts to 10% of the Company's share capital;
• That the price of shares to be acquired is within limits of +/-10% of the market price realised in the day before the acquisition is made;
• In acquisition and disposal of own shares, the management board is entitled to depart from the Article 211 and Article 308 Para 2 and 4 of the Companies Act;
• The management board is entitled to act in accordance with Article 352 Para 3 Point 3 of the Companies Act and cancel the shares without

nominal value without decrease of the Company's share capital, in which case the quota of existing shares in the share capital of the Company shall be increased; the management board is entitled to amend total number of shares in the Articles of Association in accordance with this cancellation;

• The Management Board is entitled to cancel own shares without nominal value and decrease the Company's share capital;
• Save for and prior renewal, amendment or cancellation, this authorization shall be valid for five years calculated from the date of this resolution.

The Company does not have an active employee share option program and it does not have the program on assumption of own shares.

Yours sincerely,

Viro tvornica šećera d.d.