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1 <p align="center"><b>PLIVA and Zagrebacka banka reach an agreement regarding the
2 sale of 2.5% equity stake in PLIVA</b></p>
3 <p> PLIVA d.d. (PLIVA) and Zagrebacka banka (ZABA) today announced that they have
4 reached an agreement regarding the sale of ZABA's 2.5% equity stake in PLIVA.
5 </p>
6 <p>The transaction involves ZABA's sale of 2,500,000 PLIVA Global Depositary Receipts
7 (GDRs) for a total consideration of USD 28,375,000.00 of which USD 16,358,130.75
8 PLIVA will pay in cash and the remaining balance will be settled through the
9 69,023 ZABA shares held by PLIVA. Through this transaction, both PLIVA and ZABA
10 will increase their treasury stock (PLIVA to an allowable maximum of 5%, as
11 per Shareholder approval, and ZABA to 3%, which is within the limit of 10% allowed
12 by the Company Law). ZABA will use own shares towards the Stock Option Plan
13 and Bonus Scheme, while PLIVA plans to use it primarily for financing of further
14 acquisitions. </p>
15 <p>Through this transaction, Zagrebacka banka has reduced its holding in PLIVA
16 to around 5%. In the longer term, Zagrebacka banka will continue to support
17 PLIVA as a shareholder as long as this is in the best interests of Zagrebacka
18 banka and its shareholders. </p>
19 <p>PLIVA is very pleased to have reached an agreement with Zagrebacka banka and
20 is confident that this transaction should help alleviate some investor concern
21 regarding an impending stock overhang. </p>
22 <p>For further information, please contact: </p>
23 <p>PLIVA d.d.<br>
24 <b>Erika Kaspar<br>
25 </b>Investor Relations, Director<br>
26 Tel: 385 1 6120 755 <br>
27 Fax: 385 1 6114 413 <br>
28 E-mail: <a href="mailto:erika.kaspar@pliva.hr">Erika.Kaspar@pliva.hr</a></p>
29 <p> PLIVA d.d.<br>
30 <b>Marija Mandic</b><br>
31 Finance, Financial Analyst<br>
32 Tel: 385 1 6160 355<br>
33 Fax: 385 1 6120 634<br>
34 E-mail: <a href="mailto:marija.mandic@pliva.hr">Marija.Mandic@pliva.hr</a></p>
35 <p> ZAGREBACKA BANKA d.d. <br>
36 Hrvoje Poljak <br>
37 Investor Relations, Director<br>
38 Tel: 385 1 4810 363<br>
39 Fax: 385 1 4810 383 <br>
40 E-mail: <a href="mailto:hrvoje.poljak@zaba.hr">Hrvoje.Poljak@zaba.hr </a></p>
41 <p>ZAGREBACKA BANKA d.d.<br>
42 Daniela Roguljic<br>
43 Capital Markets, Director<br>
44 Tel: 385 1 6176 262<br>
45 Fax: 385 1 6176 274 <br>
46 E-mail: <a href="mailto:daniela.roguljic@zaba.hr">Daniela.Roguljic@zaba.hr</a>
47 </p>

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