Hrvatski Telekom dd : Notification of transactions of directors/persons discharging managerial responsibilities and connected persons

Hrvatski Telekom d.d. ('HT d.d.' or 'the Company') hereby notifies that on 13 February 2018 the Raiffeisen Mandatory and Voluntary Pension Funds Management Company d.d. informed the Company of dealings in HT d.d. shares. This notification is made because Mr. Damir Grbavac, an insider on the General Insider List of the Company and a Member of the Supervisory Board of HT d.d., holds the position of President of the Management Board of the Raiffeisen Mandatory and Voluntary Pension Funds Management Company d.d., which is thereby considered a connected person, pursuant to Article 464, paragraph 2 of the Capital Market Act and to Market Abuse Regulation (EU) No. 596/2014.

Raiffeisen Mandatory and Voluntary Pension Funds Management Company d.d. made the following acquisition in the name and on behalf of Raiffeisen Closed Voluntary Pension Fund ('RZDMF'), regarding HT d.d. shares:

• On 9 February 2018, 755 ordinary shares were acquired at an average price of HRK 458800 per ordinary share, representing 0.0009 % of the Company's issued share capital.

Following this acquisition, RZDMF holds in total 4,505 ordinary shares in the Company, representing 0.0055 % of the Company's issued share capital and the same number of votes at the General Assembly of the Company.

Raiffeisen Mandatory and Voluntary Pension Funds Management Company d.d. made the following acquisitions in the name and on behalf of Raiffeisen Voluntary Pension Fund ('RDMF'), regarding HT d.d. shares:

• On 9 February 2018, 550 ordinary shares were acquired at an average price of HRK 458800 per ordinary share, representing 0.0007 % of the Company's issued share capital.
• On 12 February 2018, 600 ordinary shares were acquired at an average price of HRK 50 per ordinary share, representing 0.0007 % of the Company's issued share capital.

Following these acquisitions, RDMF holds in total 203,625 ordinary shares in the Company, representing 0.2487 % of the Company's issued share capital and the same number of votes at the General Assembly of the Company.

Raiffeisen Mandatory and Voluntary Pension Funds Management Company d.d. made the following acquisitions in the name and on behalf of Raiffeisen Mandatory Pension Fund category A ('ROMF A'), regarding HT d.d. shares:

• On 9 February 2018, 550 ordinary shares were acquired at an average price of HRK 458800 per ordinary share, representing 0.0007 % of the Company's issued share capital.
• On 12 February 2018, 600 ordinary shares were acquired at an average price of HRK 50 per ordinary share, representing 0.0007 % of the Company's issued share capital.

Following these acquisitions, ROMF A holds in total 37,107 ordinary shares in the Company, representing 0.0453 % of the Company's issued share capital and the same number of votes at the General Assembly of the Company.

Enclosed to this Notification are the Templates for the Notifications on the transactions by persons discharging managerial responsibilities and persons closely associated with them, and for the disclosure of those transactions, in accordance with the Commission Implementing Regulation (EU) 2016/523.