Zagreb, 14 June 2017

INA INDUSTRIJA NAFTE, d.d.

Av. V. Holjevca 10

10 000 Zagreb, Croatia

Ordinary shares INA-R-A ISIN HRINA0RA0007 Listed on the Zagreb Stock Exchange official market Announcement in line with Capital Markets Act

Subject: INA - Industrija nafte, d.d. - General Shareholders′ Assembly held

On 14 June 2017 the General Shareholders′ Assembly of INA INDUSTRIJA NAFTE, d.d. Zagreb was held at the head office of INA-Industrija nafte,d.d., Avenija V. Holjevca 10, Zagreb, Croatia, attended by 9,783,474 votes or 97.83% of 10,000,000 votes in total.

The Shareholders´ Assembly Agenda was as follows:

  1. Opening of the General Assembly and establishing the attendance list

  2. Consolidated and unconsolidated Financial Statements for the year ended 2016 together with Independent Auditor's Report, Company and INA Group Status Report for 2016, Report on the Supervision of the Conduct of Company's Business in 2016

  3. Decision on allocation of profit of INA, d.d. for 2016

  4. Discharge to the members of the Management Board for business year 2016

  5. Discharge to the members of the Supervisory Board for business year 2016

  6. Decision on selection of the auditor of the Company for 2017

  7. Decision on the amendments to the list of the Company's business activities - additional activities

  8. Decision on amendments to the Articles of Association of INA, d.d.

  9. Approval of the completed Company's Articles of Association of INA, d.d.

  10. Decision on the dismissal and appointment of the Supervisory Board member.

The Shareholders´ Assembly rendered the following decisions: Ad 3

Based on the approved Financial Statements of INA-Industrija nafte, d.d. Zagreb, profit for the year 2016 is determined in the amount of HRK 160,021,169.80 and it is to be distributed in the following manner:

HRK 8,001,058.49 is allocated to legal reserves

HRK 152,020,111.31 (i.e. HRK 15.20 per share) is allocated to dividend payment

The General Assembly hereby establishes that the day on which the shareholders shall become eligible to dividend payment is 23 June 2017. The dividend is to be paid in cash to the shareholders registered with Central Depository and Clearing Company Inc., Zagreb, by 14 July 2017 at the latest.

Ad 4

Discharge is granted to the members of the Management Board of INA, d.d. for the business year 2016.

Ad 5

Discharge is granted to the members of the Supervisory Board INA, d.d. for the business year 2016.

Ad 6

Audit company Ernst & Young, d.o.o. Radnička cesta 50, 10 000 Zagreb is selected as the Auditor of INA, d.d. in 2017.

Ad 7

The Company's list of business activities is to be amended by deletion of the following:

  • Protection and rescue activities

  • Protection and rescue planning

  • Preparation of expert analysis and recommendations for development of protection and rescue system

  • Preparation of special studies, budgets and projections for protection and rescue

  • Preparation of operational protection and rescue plans for legal persons

  • Risk assessment preparation

    The Company's list of business activities is to be amended by addition of the following:

  • carrying out training of participants and members of operational forces of the civil protection system

  • performing expert tasks for drafting of planning documents in the field of civil protection

  • activity of performing expert tasks in the field of protection and rescue.

Ad 8

Decision on the Amendments of the Articles of Association of INA - INDUSTRIJA NAFTE, d.d.

Article 1

Article 4, paragraph 1 is to be changed and amended as follows: The following indents are to be deleted:

  • Protection and rescue activities

  • Protection and rescue planning

  • Preparation of expert analysis and recommendations for development of protection and rescue system

  • Preparation of special studies, budgets and projections for protection and rescue

  • Preparation of operational protection and rescue plans for legal persons

  • Risk assessment preparation

    The following indents are to be added:

  • carrying out training of participants and members of operational forces of the civil protection system

  • performing expert tasks for preparation of planning documents in the area of civil protection

  • activity of performing expert tasks in the field of protection and rescue

Article 2

Other provisions of the Articles of Association shall remain unaffected.

Article 3

The decision on the Amendments of the Articles of Association shall come into effect on the date of entry into court registry.

Ad 9

Approval is given by the General Assembly for the completed Articles of Association as in the enclosed text and it is an integral part of this Decision. Articles of Association dated 19 December, 2016 (completed version) shall no longer be valid as of the date when new Articles of Association come into force.

Ad 10

Mr. Dario Čehić, OIB 04335933245, LL.M., Baderna 8d, 52445 Baderna is dismissed from the duty of the member of the Supervisory Board of INA, d.d. as of 14 June 2017.

Mr. Damir Mikuljan, OIB 84689399738, LL.B (Bistranska 9, 10298 Bistra) is appointed member of the Supervisory Board of INA, d.d.

The new member of the Supervisory Board is appointed for a mandate until 18 December 2020 and this decision shall enter into force on the day of its adoption.

INA-INDUSTRIJA NAFTE, d.d.

OIB:27759560625 Tel. + 385 1 645 0000

Fax. + 385 1 645 2444

e-mail: investitori@ina.hr

INA - Industrija Nafte dd published this content on 14 June 2017 and is solely responsible for the information contained herein.
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