On December 24, 2008 Central
Depository Agency system registered a transfer of 1,480 from the treasury
account of Podravka, on December 31, 2008 a transfer of 1,500 shares and on
January 2nd, 2009 a transfer of 2,400 shares.

After the transaction
performed, the treasury account of PODRAVKA d. d. holds 155, 077 of own shares,
which is 2, 86% of issued shares.