Regarding recieved Inquiry of the Zagreb Stock Exchange dated on 20th March 2020 about privileged information regarding increased volatility in PODR stock trading, considering that on 20th March 2020 the price of PODRAVKA Inc. (hereinafter: Company) share with the ticker PODR has changed, our response is as follows:

The Company is not aware of any other privileged information, circumstances or facts that affects or could affect the price of its shares, listed on the market, and that do not arise from information already known to the public or previously reported to the Zagreb Stock Exchange.