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Agreement on basic salary increase for Podravka Group employees signed

Agreement on basic salary increase for Podravka Group
employees was signed in Koprivnica on 29th February 2012.

This Agreement, along with an Addendum to the existing
Collective Agreement was signed between Podravka  Group as the employer with all of its
belonging companies (Podravka d.d., Belupo d.d., Danica d.o.o., Podravka
inžinjering d.o.o. and Poni d.o.o.) and unions active within Podravka Group
(PPDIV – Trade union of the employed in agriculture, food and tobacco industry
and water resources management of Croatia, Independent Union of Podravka and
Podravka Concern Workers Union- SINPOD). 

Pursuant to this Agreement, basic salary for all
companies – signers of Collective Agreement for Podravka Group®, will be HRK
1,860.00 which is 2.2 % increase comparing to the year before, and will first
be paid with the salary for February 2012.