Institut IGH d d : Issuer under observation

Institut IGH dd, formerly Institut Gradjevinarstva Hrvatske dd, is a Croatia-based company specializing in the research and development activities related to the field of civil engineering. It provides such services as: planning and management of development potentials; studies, including feasibility studies, environmental impact studies and traffic studies, among others; design; technical supervision; research and development; consulting, including technical consulting, technical evaluation and project management, among others; investigation; usability checking; laboratory testing and calibration, and others. Institut IGH dd is active on the domestic and Eastern European markets, as well as in Kazakhstan, Russia and Ukraine. As of December 31, 2011, the Company operated 19 subsidiaries, based in Croatia, Bosnia and Herzegovina and Kosovo.