Notice of changes in voting rights

1.

Company, corporate domicile and registered office of the issuer

PODRAVKA Inc., Ante Starčević Str. No 32, Koprivnica

2.

Legal entity that has risen above the applicable 10 % threshold

Raiffeisen Mandatory and Voluntary Pension Funds Management Company Plc, Heinzelova Str. No 44, Zagreb, on behalf of following pension funds:

1. Raiffeisen mandatory pension fund of A category after acquisition of 4,500 shares holds 16,295 shares of Issuer,

2. Raiffeisen mandatory pension fund of B category after acquisition of 249,850 shares holds 625,298 shares of Issuer,

3. Raiffeisen open voluntary pension fund after acquisition of 60,000 shares holds 99,965 shares of Issuer,

4. Closed voluntary pension fund Ericsson Nikola Tesla holds 955 shares of Issuer,

5. Closed voluntary pension fund of Croatian Medical Union holds 705 shares of Issuer,

6. Closed voluntary pension fund Novinar holds 1,000 shares of Issuer,

7. Closed voluntary pension fund T-HT holds 1,260 shares of Issuer,

8. Raiffeisen closed voluntary pension fund after acquisition of 650 shares holds 1,530 shares of Issuer.

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

Exceeding 10% threshold in the Issuer

6.

Basis for exceeding of 10% threshold

acquisition of Issuer's shares

7.

Data on the number of acquired voting rights (absolute and relative) that exceeds 10 % threshold

absolute number: 315,000

relative number: 4.4241 %

8.

Data on the total number of voting rights (absolute and relative) that exceeds 10 % threshold

absolute number: 747,008

relative number: 10.4917 %

9.

Date of exceeding 10 % threshold

10^th November 2016