Invitation for Expression of Interest and Submission of Non-binding Offers for Croatia osiguranje d.d.

In accordance with its decision dated 18 July 2013, the Government of the Republic of Croatia, represented by the Ministry of Finance, hereby invites all interested persons to participate in the privatisation of Croatia osiguranje d.d. (“the Company”), the market-leading insurance company in Croatia, and increase of its share capital. The Government of the Republic of Croatia, through various institutions, currently holds 80.2% of the Company’s share capital. The transaction to privatise the Company will be carried out through an open international tender process in such a way that upon completion of the sale, the Government of the Republic of Croatia will, ultimately, retain a minimum of 25% plus one share of the share capital of the Company and up to maximum share of 30% after the increase in share capital. Interested investors are invited to submit their expression of interest, presenting themselves in written form to the financial advisor (at the address noted below) by 31 August 2013, clearly referring to “Croatia osiguranje privatisation” as the subject matter of such correspondence:

Daniel Radić, KPMG Croatia d.o.o., Ivana Lučića 2a/17, 10000 Zagreb, Republic of Croatia

  Upon receiving their expression of interest, the financial advisor will provide investors with Information Memorandum and Executive Teaser, as well as with further details regarding the transaction process. Investors which will express their interest will be invited to submit their non-binding offer by 20 September 2013 in accordance with the tender rules and applicable Croatian legislation. For detailed information or exceptions please visit the website or and read the extended Invitation Letter with applicable waivers and additional procedural instructions.

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