Ruling of the Commercial Court in Varaždin - Notice

Pursuant to the provisions of the Capital Market Law and the Rules of the Zagreb Stock Exchange, and based on resolutions passed by the General Assembly of PODRAVKA Inc. held on 3rd June 2015, we hereby inform that the Commercial Court in Varaždin passed a Ruling on entry of the resolution on share capital increase and amendments to the Company Articles of Association for PODRAVKA d.d. (no: Tt-15/2691-2)

Pursuant to the stated Ruling, share capital of company PODRAVKA Inc. is increased from HRK 1.192.400.660.00 for HRK 374.000.000.00 and now amounts to HRK 1.566.400.660.00. Pursuant to that, amendments to the Company Articles of Association have also been made regarding the amount of the Company share capital and number  of shares. The share capital increase of the Company has been made in cash contribution through issue of 1.700.000 new ordinary shares to the name. The share capital in the amount of HRK 1,566,400,660.00 is divided into 7,120,003 ordinary shares with a nominal value of HRK 220.00.

The Ruling of the Commercial Court in Varaždin is attached with this Notice as its constituent part.