At the regular
General Assembly of Podravka d.d. held today in Koprivnica, newly appointed
members to the Supervisory Board, for the four year term, are Milan Stojanović
and Ivana Matovina, while Nikola Gregur was recalled. After
the Supervisory Board submitted the report on performed supervision over
business activities in 2011, PODRAVKA d.d. Management Board members have been
discharged, and their work in managing the company PODRAVKA d.d. in the
business year 2011 has thus been approved. Supervisory Board members of
PODRAVKA d.d. have also been discharged, and their work and performed
supervision over business activities of PODRAVKA d.d. in the business year 2011
has been thus approved.

As decided by
the General Assembly of PODRAVKA d.d. it is determined that the realized loss
of PODRAVKA d.d. for the business year 2011 amounting to HRK 9,534,378.44 be
transferred to the following period.

The financial
statements of the parent company PODRAVKA Food Processing Industry d.d.
Koprivnica and of its affiliated (subsidiary) companies, along with
consolidated financial statements of the PODRAVKA Group for the business year
2012 shall be audited by the authorised auditor: KPMG Croatia d.o.o.
headquartered in Zagreb.