Zagrebačka burza d.d.

Director's Dealing • Sep 18, 2017

CROATIAN FINANCIAL SERVICES SUPERVISORY AGENCY Miramarska 24b 10000 Zagreb

CROATIAN FINANCIAL SERVICES SUPERVISORY AGENCY Officially appointed mechanism for the central storage of regulated information

THE ZAGREB STOCK EXCHANGE, Inc.

Ivana Lučića 2a/22 10000 Zagreb

CROATIAN REPORTING NEWS AGENCY ots@hina.hr

Zagreb, 18 September 2017

Subject: Notice on disposal of shares

The Zagreb Stock Exchange, Inc. with its registered office is at Ivana Lučića 2a/22, Zagreb (hereafter: the Issuer) in accordance with Article 19 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation), informs that on 18 September 2017 it has received the notice from the company Investco d.o.o. on disposal of 200,000 regular shares of the Issuer, symbol: ZB, ISIN: HRZB00RA0003, LEI identification 7478000050A040C0D041, with the price of 14,00 HRK per share on September 15, 2017, which represents 4.3 % of the Issuer's equity.

This notice is delivered in regard with Mrs Ljiljana Blažev, who performs the function of Head of Portfolio management department of the company Investco d.o.o., being the member of the Supervisory Board of the Issuer, hence the company Investco d.o.o. is regarded as person closely associated in accordance with the Regulation (EU) No. 596/2014 on market abuse.

Data on the transaction in question, in accordance with the provisions of Commission Implementing Regulation (EU) No. 2016/523, are listed in the Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them and for publication of those transactions, and which is provided as an appendix to this Notice.

Sincerely Vana Gaž President of the Management Board TIRZA d.d ČKA B ZAGREB Zagreb $\mathbf{1}$

ZAGREBAČKA BURZA d.d. | Ivana Lučića 2a/22 | Zagreb | www.zse.hr | T. +385 1 4686 800 | F. + 385 1 4677 680 Trgovački sud u Zagrebu | MBS 080034217 | OIB 84368186611

Raifeissenbank Austria d.d. Zagreb IBAN: HR8324840081100277421 | Erste&Steiermarkische bank d.d. IBAN: HR3624020061100517924 Privredna banka Zagreb d.d. IBAN: HR8623400091110306562 | Societe Generale-Splitska banka d.d. IBAN: HR3123300031152602712 Hrvatska poštanska banka d.d. IBAN: HR7123900011100952279

PREDSJEDNIK NADZORNOG ODBORA: Dubravko Štimac | PREDSJEDNICA UPRAVE Ivana Gažić | ČLAN UPRAVE Tomislav Gračan TEMELJNI KAPITAL 46.357.000,00 HRK u cijelosti uplaćen | 4.635.700 | 10,00 HRK

TEMPLATE

FOR NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM AND FOR PUBLICATION OF THOSE TRANSACTIONS

μ.	Details of the person discharging managerial responsibilities/person closely associated
	(a) Name and Surname	Investco Ltd. for Business Consulting
	2. Reason for the notification
	(a) Position/status	-notification concerns a person closely associated with a person discharging managerial responsibilities
		- Ljiljana Blažev, member of the Supervisory Board of the Zagreb Stock Exchange Inc. and Head of the portfolio department at Investco Ltd. for Business Consulting
	(b) Initial notification/Amendment	an initial notification
	$ 3. $ Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	(a)Mame	Zagrebačka burza d.d.
	(b)LEI	7478000050A040C0D041
	$ 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 lIdentification code	-Share Regular share of the issuer Zagrebačka burza d.d. Simbol: ZB-R-A ISIN: HRZBOORA0003
	(b)Nature of the transaction	Dispose of shares
	$(c)$ Price(s) and volume(s)	Price(s)	Volume(s)
		14,00 HRK	99.585
		14,00 HRK	100.415
	(d) Aggregated information
	Aggregated volume	200.000
		14,00 HRK
	Price (e) Date of the transaction	2017-09-15; 15:02
		[Date of the particular day of execution of the notified transaction. Using the ISO 8601 date format: YYYY-MM-DD; UTC time.]
	(f) Place of the transaction	XZAG Zagrebačka burza -