Release of own shares - Notice on 16.3.2023.

PODRAVKA Inc., Ante Starčevića 32, Koprivnica, PIN: 18928523252 (the Company), hereby notifies that on March 14th 2023, the Company released 2,334 ordinary shares of the Company with the ticker PODR-R-A, which represents 0.032781% of the Company's share capital.

Pursuant to above, the Company share purchase right of the former employee was executed, so that 2,334 shares were purchased from the Company at an average weighted price for the year 2017 of EUR 46.74 per share, which amounted to a total of EUR 109,091.16.

After mentioned release of the shares, the treasury account of the Company holds 104,083 of the own shares, which is 1.461839% of the Company's share capital.