Pursuant to the Capital Market Law,the Zagreb Stock Exchange Rules and Resolution on acquiring own shares by the Company  adopted on 15th February 2016, PODRAVKA Inc., Ante Starčević 32, Koprivnica, PIN: 18928523252 (Company) announces the acquisition of 706 own shares, which is an amount of 0.0099% of share capital of the Company.

After stated acquisition Company has 183,931 own shares, which represents 2.58% of share capital of the Company.

Shares have been acquired by trading at the Zagreb Stock Exchange as follows:

on 29th April 2016 - 228 shares at an average price of HRK 328.00,
on  2nd May 2016 -  241 shares at an average price of HRK 336.42 and
on  3rd May 2016 -  237 shares at an average price of HRK 336.89 per share.

The purpose of the acquisition is implementing the ESOP program and realization of the management and employees remuneration plan, compliant to the Company remuneration policy.