CROATIA osiguranje d.d. (Company) in accordance with Capital Market Law informs investment public regarding the proposition of dividend payment from retained earnings to holders of ordinary and preference shares of the Company. The Company, in the past years has been operating successfully, with a growing level of profit and high capital adequacy rates. The Company was continuously highly capitalized, despite disruptions in the financial markets, in a period of high inflation and natural disasters. The entry of the Republic of Croatia into the Eurozone additionally contributed positively to the above mentioned indicator.

Capital adequacy as of 30 September 2023 for the parent company was 337%, i.e. 293% at the consolidated level, and although a slight reduction of these ratios is expected at the end of 2023 due to the effects of deferred taxes, capital adequacy is expected to be maintained at very high levels (at the parent company level above 300% and on a consolidated level above 270%).

Considering all of the above, the Management Board believes that the payment of dividends to its shareholders is possible without disrupting the stability of operations and maintaining a high level of capital adequacy. Therefore, the Management Board and Supervisory Board propose to General Assembly dividend payment in the total amount of 65,000,265.19 euros, or 151.27 euros per share.

Sincerely,

CROATIA osiguranje d.d.