Pursuant to Articles 517 and 531 of the Companies Act, Croatian Telecom (Reuters: HT.ZA; Bloomberg: HT CZ), Croatia’s leading telecommunications provider, within the merger procedure of the company HT Produkcija LLC (hereinafter: HTP LLC or the merged company), to the company Croatian Telecom Inc. (hereinafter: HT Inc. or the acquiring company), announces as follows:

HT Inc. is the sole shareholder of the company HTP LLC and in this merger procedure, provisions of Article 531 of the Companies Act are being applied, regulating merger in special cases (“simple” merger).

HT Inc. and HTP LLC concluded the Merger Agreement. By the said Agreement, contracting parties agreed that HTP LLC shall be merged into HT Inc. as the acquiring company, by transfer of all its assets and obligations to the acquiring company, without conducting the liquidation procedure of the merged company. With the day the merger is entered into the Court Register of the acquiring company, the merged company shall seize to exist. The acquiring company shall become the universal legal successor of the merged company, thus entering into all legal relationships of the merged company.

The Merger Agreement referred to under previous paragraph hereof was submitted to the Court Register of the Commercial Court in Zagreb on 31 March 2022.