Changes in voting rights - Notice
Pursuant to the Article 428 of the Capital Market Law, PODRAVKA Inc., Ante Starčević Str. No 32, Koprivnica, PIN: 18928523252, (hereinafter: Issuer), hereby notifies it has, on 9th November 2016, received a Notification, pursuant to the Article 413 of the Capital Market Law, on change in voting rights from SKAGEN KON-TIKI VERDIPAPIRFOND.
Pursuant to the Article 413 of the Capital Market Law the Issuer has received the following information:
| 1. | company, corporate domicile and registered office of the issuer | PODRAVKA Inc., Ante Starčević Str. No 32, Koprivnica, Croatia | 
| 2. | legal entity that has fallen below the applicable 5% threshold | SKAGEN KON-TIKI VERDIPAPIRFOND, managed by SKAGEN AS, Post box 160, 4001 Stavanger, Norway | 
| 3. | data on controlled companies through which the legal entity has voting rights | - | 
| 4. | data on the shareholder, if different from the legal entity | - | 
| 5. | data from Art. 413, paragraph 2 | Shareholder's voting rights have fallen below 5 % | 
| 6. | basis for the fall bellow the applicable threshold of 5 % | selling of Issuer's shares | 
| 7. | data on the number of released voting rights (absolute and relative) that resulted in the fall below 5 % | absolute number: 517,852 relative number: 7.27 % | 
| 8. | data on the total number of voting rights (absolute and relative) that resulted in the fall below 5 % for each issued class of voting shares | absolute number: 0 relative number: 0.00 % | 
| 9. | date of fall below 5 % threshold | 8th November 2016 | 
Enclosed is Notice of changes in voting rights as received.