Inquiry about existing material facts

Regarding your request to confirm or deny the statements included in the article published on web site Koprivnica.net titled “American JP Morgan is buying Podravka?” – we hereby completely deny the statements in the quoted article, in particular those regarding the statement that “the agreement is with the Supervisory Board of Podravka Inc. has already been reached.” Statements in quoted article were not the subject of discussions neither any decission has been taken by the Management Board or Supervisory board of Podravka Inc.

You will be duly informed of any material fact, without delay, in line with regulations and good business practice.