HINA (Croatian News Agency)

Subject: Announcement of Jadranka d.d. Mali Lošinj

General assembly decisions

Pursuant to provision of article 440 of Capital Market Act we hereby inform the public that General Assembly of JADRANKA d.d. Mali Lošinj, Dražica 1, at the meeting held on 10.08.2009, made following decisions:

•  The annual report made by the Company management on the state of the Company is adopted.

•  The report made by Jadranka d.d. Supervisory board on completed supervision of Company business management is adopted.

•  Decision on management of profit made in 2008 was made and reads as follows:

•  It is established that in 2008 the Company made net profit in the amount of HRK 3.184.627,12.

•  It is established that a balance sheet dated 31.12.2008 shows a retained profit of the Company in the amount of HRK 38.023.774,10.

•  Share of profit made in 2008 (5%) amounting to HRK 159.231,36 shall be allocated for legal reserves.

•  The rest of profit made in 2008 amounting to HRK 3.025.395,76 shall be paid out to shareholders as a dividend.

•  Part of the retained profit from point II of this Decision in the amount of HRK 1.551.779,24 will be paid out to to shareholders as a dividend.

•  Dividend is established in form of gross amount, HRK 15,00 a share.

•  Every physical or legal person, who on payment day disposes of securities' account with registered Company shares in Central Clearing Depository Agency is entitled to a dividend.

•  Dividend will be paid out to shareholders' account on the 05.10.2009.

•  The management of the Company accepted the final report in terms of approving its activities in the year of 2008.

•  The Supervisory Board members accepted the final report in terms of approving their activities in the year 2008.

•  The following members are appointed to JADRANKA d.d. Mali Lošinj Supervisory Board:

1. Neven Ivandić from Zagreb, Lopašićeva 13, OIB 74920113752

2. Tatjana Braškić from Mali Lošinj, Lošinjskih brodograditelja 32, OIB 30750661375

3. Dražen Grubišić-Čabo from Zagreb, Srednjaci 8, Oib 71950127908

4. Sanja Trajkov from Mali Lošinj, Creska 15, OIB 86722989945

7. I. The article 32 of JADRANKA d.d. statute is modified and reads as follows:

(1) Supervisory Board members are entitled to reimbursement of expenses and a fee due to work in Supervisory Board which consists of a fixed monthly amount of HRK 3.700,00.

(2) The amount stated in the above item represents net amount of fee for Supervisory Board members.

(3) General assembly can make a decision that Supervisory Board members are entitled to participate in company's profit and can establish the amount of variable fee.

II. Supervisory Board is authorized to establish the consolidated text of JADRANKA d.d. statute.

III. This decision takes effect when entered into the court register of the Commercial Court in Rijeka.

•  The Audit Company "HLB Inženjerski biro" d.o.o. Rijeka, Riva 20 is appointed the auditor of the company for the year 2009.

Member of the Management Board:

Sanjin Šolić, personal signature