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 1,011 own shares, which is an amount of 0.0141% of share capital of the Company.

After stated acquisition Company has 185,746 own shares, which represents 2.60% of share capital of the Company.

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

on   9th May 2016 - 311 shares at an average price of HRK 345.00,
on 10th May 2016 - 321 shares at an average price of HRK 348.70 and
on 11th May 2016 - 379 shares at an average price of HRK 349.02 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.