Information on the independent status of the Audit Committee

Pursuant to the provisions of Article 139 of the Rules of the Zagreb Stock Exchange, PODRAVKA Inc., Ante Starčevića 32, Koprivnica, PIN: 18928523252 (The Company) hereby confirms that all the members of the Audit Committee of the Company (Ms. Ivana Matovina, Mr. Želimir Vukina and Mr. Tomislav Kitonić) are independent of the Company.