Regarding your
inquiry about today’s issue of Poslovni dnevnik, article with the translated
title “They dream of HRK 5 billion revenue and have a list of 15
acquisitions”, we confirm that tomorrow, 20th December 2012 a session of
Podravka d.d. Supervisory Board will be held, where Podravka Group Business
Plan for 2013 will be considered, along with the business strategy for the
upcoming period.

We deny all the
statements, i.e. speculations stated in the quoted article published in
Poslovni dnevnik, particularly those regarding acquisitions and refinancing.

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