Annual General
Assembly of Podravka d.d. shareholders was held today in Koprivnica. After the
Supervisory Board submitted their report on performed supervision over business
operations in 2010, Annual Financial Report of Podravka d.d. was also
submitted, along with the consolidated financial reports of Podravka Group for
business year 2010 together with reports and opinions of authorized auditors. Also, Podravka
d.d. Management Board submitted their Annual Report on business operations and
state of the Company.

A resolution
was passed at the Assembly on how to distribute last year’s profit amounting to
HRK 10,927,024.06. Profit realized will be used to
cover the loss transferred from previous years.

Present shareholders discharged members of Supervisory
and Management Board, approving thus they way they have been running the
company in 2010.

At today’s
Assembly a resolution was also passed on amendments to Articles of association
of Podravka d.d.

For auditing financial reports of the parent company
Podravka food processing industry Koprivnica and its affiliated (dependant)
companies, authorized auditing company Deloitte d.o.o. headquartered in Zagreb
was appointed.