"GALENIKA - FITOFARMACIJA" a.d. 22 ndANNUAL GENERAL MEETING

Zemun, June 23th2017

22ndAnnual General Meeting Report

Meeting was held on June 23th2017, at the Company headquarters, Batajnicki drum bb, Belgrade- Zemun, Serbia. The meeting was attended by shareholders or their proxies who in total represented 60,31% of the voting rights.

The following important decision were made:

  1. Adopted: the Annual Report and the Annual Consolidated Report for 2016. Both of reports were published at the Company's website, Belgrade Stock Exchange's website and Securities Commission website.

  2. The Board of Directors Report for 2016 was adopted.

  3. Profit from the current year was distributed as following:

    • For mandatory reserves - RSD 45.043.791,00

    • For Dividends - RSD 227.040.000,00

    • Undistributed profit - RSD 628.792.040,34

      The dividend will be paid in cash, in gross amount RSD 86,00 per share. The date June 23th, 2017 is determined as the dividend day.

      The payment of dividends to the shareholders will take place on September from 4thto 8th2017. Company will calculate and pay all necessary taxes for this payment.

  4. Decision on reward for work to the non-executive members of the Board of Directors.

  5. The Company UHY REVIZIJA d.o.o. from Belgrade was selected for the Independent Auditor for 2017.

Minutes of Annual General Meeting will be published on Company's web sitewww.fitofarmacija.rs. Attachments:

Attach 1: The decision on adoption of the Annual Report for year 2016

Attach 2: The decision on adoption of the Annual Consolidated Report for year 2016 Attach 3: The decision on the profit distribution

Attach 4: The decision on the payment of dividends for year 2016

"GALENIKA - FITOFARMACIJA" a.d. ATTACH 1

22ndANNUAL GENERAL MEETING

Decision No. 1/22 Zemun, June 23th, 2017

D E C I S I O N

The Company's Annual Report for 2016 IS ADOPTED. The Report includes:

  1. The Annual Financial Report for 2016

  2. The Auditor's Report for 2016

  3. The Annual Report of the Company's Operations for 2016

  4. Statement of persons responsible for preparing the Annual Report

  5. Decision of supervisors on the adoption of the Annual Report (note)

  6. Decision on profit distribution or loss covering (note)

Annual Report for 2016 is public document and can be found on Company's website, Belgrade Stock Exchange's website and Securities Commission website.

"GALENIKA - FITOFARMACIJA" a.d. ATTACH 2

22ndANNUAL GENERAL MEETING

Decision No. 2/22 Zemun, June 23th, 2017

D E C I S I O N

The Company's Annual Consolidated Report for 2016 IS ADOPTED. The Report includes:

  1. The Consolidated Financial Report for 2016

  2. The Auditor's Consolidated Report for 2016

  3. The Annual Consolidated Report of the Company's Operations for 2016

  4. Statement of persons responsible for preparing the Annual Consolidated Report

  5. Decision of supervisors on the adoption of the Annual Consolidated Report (note)

  6. Decision on profit distribution or loss covering (note)

Annual Consolidated Report for 2016 is public document and can be found on Company's website, Belgrade Stock Exchange's website and Securities Commission website.

"GALENIKA - FITOFARMACIJA" a.d. ATTACH 3

22ndANNUAL GENERAL MEETING

Decision No. 4/22 Zemun, June 23th, 2017

D E C I S I O N on the distribution of profits for 2016

I The distribution of profits for 2016 is hereby adopted according to the following table:

RSD

PROFITS FROM THE CURRENT YEAR

900,875,831.34

Distributed into mandatory reserves (Article 13 of the Articles of Association)

45,043,791.00

PROFITS FOR DISTRIBUTION

855,832,040.34

PART FOR PAYMENT OF DIVIDEND

227,040,000.00

II

Pursuant to Article 13 of the Articles of Association, mandatory reserves make 5% of net profit, (RSD 45,043,791.00)

III

Determines a gross dividend of RSD 86.00 per share.

The allocated amount will be paid to the shareholders confirmed as such on the dividend day (record date), in accordance with the shareholders list determined by the Central Securities Depository. In line with the Article 15 of the Company's Articles of Association, the dividend day is the date the Annual General Meeting is held, June 23th2017.

The dividends will be paid in cash to all shareholders in proportion to their shareholding and nominal value of the shares, who owned on the dividend day.

The deadline for dividends payment is date of September 30th2017.

Galenika Fitofarmacija AD Zemun published this content on 23 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 June 2017 12:59:04 UTC.

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