Acquisition of own shares - Notice

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 274 own shares, which is an amount of 0.0038% of share capital of the Company.

After stated acquisition Company has 179,951 own shares, which represents 2.52% of share capital of the Company.

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

on 11th March 2016 - 238 shares at an average price of HRK 311.00 and
on 16th March 2016 - 36 shares at an average price of HRK 310.99 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.