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 21 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 acquisitions in the name and on behalf of Raiffeisen Voluntary Pension Fund ('RDMF'), regarding HT d.d. shares:

• On 19 February 2018, 800 ordinary shares were acquired at an average price of HRK 165.8212 per ordinary share, representing 0.0010 % of the Company's issued share capital.
• On 20 February 2018, 446 ordinary shares were acquired at an average price of HRK 167.4977 per ordinary share, representing 0.0005 % of the Company's issued share capital.

Following these acquisitions, RDMF holds in total 209,875 ordinary shares in the Company, representing 0.2563 % 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.