F I M A D a i l y I n s i g h t

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1 pts HRK Millions June 4, 2012 ZSE STOCK MARKET CROBEX Last 1.637,3 % daily 0,55% % YTD -5,91% CROBEX10 last 897,9 % daily 0,71% % YTD -8,02% Stock Turnov er (HRK m) 12,44 Total MCAP (HRK bn) 175,65 Source: w w w.zse.hr -6,0% -4,0% -2,0% 0,0% 2,0% 4,0% 6,0% 8,0% LKRI-R-A KOEI-R-A HT-R-A ADRS-P-A RIVP-R-A PTKM-R-A PODR-R-A INGR-R-A VIRO-R-A ADPL-R-A ATGR-R-A ISTT-R-A LKPC-R-A DLKV-R-A KNZM-R-A DDJH-R-A ZABA-R-A KORF-R-A KRAS-R-A THNK-R-A ATPL-R-A BLJE-R-A ULPL-R-A IGH-R-A ERNT-R-A Croatian equities opened the week in positive mood with CROBEX accelerating 0.55% to 1, pts while blue chip CROBEX10 increased 0.71% to pts. Liquidity was slightly improved with total turnover reaching HRK 12.4 million. Telecom operator HT (HTRA CZ) collected the highest turnover of HRK 3.7 million while its price increased 2.6% to HRK 195. Foods and pharmaceuticals Podravka (PODRRA CZ) followed with HRK 1.3 million in turnover while price gained 1.37% to HRK 220. Tobacco and tourism Adris group preferred share (ADRSPA CZ) also came to focus trading in large blocks. The price remained increased to HRK on HRK 1.1 million in turnover. Company s GA held on last week decided that dividend in amount of HRK 7 will be paid on July 13 th Telecom solutions provider Ericsson Nikola Tesla (ERNTRA CZ) was among worse performers with 4.9% decrease to HRK 914. * data is calculated using last traded price Source: CROBEX 3 MONTH MOVEMENT Daily news headlines (more available on Shares drop again on weak US data Portugal Cuts Growth Forecast, Adding to Economic Gloom JPMorgan Ignored Warning on Risk Control Turnover CROBEX 0 French rogue trader Kerviel launches appeal Spanish jobless level falls back source: For more information please contact us via mail trading@fima.com or on tel

2 MOL displeased and concerned about letter to Croatian gov't The Hungarian oil and gas group MOL on Monday expressed its displeasure and concern about the letter which the four Croatian members of the Supervisory Board of the Croatian oil and gas company INA had sent to the government demanding dismissal of the Hungarian chairman of INA's Management Board, Zoltan Aldott. MOL said in a statement it learnt from the media that "certain members of the Supervisory Board" had sent a letter to the Croatian government and a portion of the letter had been published in the Croatian media. MOL is displeased and concerned that several facts mentioned in the article "are incorrect, misinterpreted and represent INA's standings and MOL's intentions in a false manner." "As we stated already before, in the current situation the nomination of the Ministers of Economy and Finance of the Croatian Government to the Supervisory Board of INA would certainly be a good move making possible for the Government to get first hand information both about the real tendencies and results and also the untruth of all incorrect, false and misinterpreted facts and information that were stated in the published parts of the letter about INA's financial situation, investments and performance," the statement said. "We believe that INA is managed well, it is making profit, its investments have been speeded up and the management is doing well. As a result INA is becoming stronger and more successful and it is on the path to become a regional leader. And the close co-operation with MOL based on mutual respect and sharing strength and knowledge makes INA stronger," MOL said. (Source: Croatia Q1 Mobile Phone Subscribers Down 3.6% Y/Y The number of active mobile phone subscribers in Croatia was 5,005,196 at the end of March, down 3.6% on the year, data from the country's telecoms regulator, HAKOM, indicated on Friday. The mobile penetration rate in the country of 4.3 million was % at the end of March compared to % a year earlier, data from the HAKOM website showed. (Source: original text was published on 9,0 8,0 7,0 6,0 5,0 4,0 3,0 Croatia's Laguna Novigrad To Pay 2011 Dividend of 0.63 Kuna (0.08 Euro)/Share Croatian hotel operator Laguna Novigrad said on Friday it will pay a dividend of 0.63 kuna ($0.103/0.08 euro) per share for The company has already paid an advance dividend of 0.28 kuna per share for 2011 and will now distribute a further 0.35 kuna per share, it said in a statement posted on the website of the Zagreb Stock Exchange after a general shareholders meeting held on Thursday. (Source: original text was published on HRK/EUR HRK/USD Source: For more information please contact us via mail trading@fima.com or on tel

3 CROATIAN EQUITIES (FUNDAMENTAL MULTIPLES) - s t a n d s f o r n e g a t i v e v a l u e o f m u l t i p le * m u lt i p l e s f o r A d r i s G r o u p c a l c u l a t e d o n d i l u t e d b a s i s For more information please contact us via mail trading@fima.com or on tel

4 CONTACTS FOR INSTITUTIONAL IN VESTORS: KR EŠIMI R ČULO kculo@fima.com GORAN BRODAR gbrodar@fima.com TRADING DEPARTMENT: trading@f ima.com Phone : RESEARCH DEPARTMENT: NI KOLA BAKŠAJ nbaksaj@fima.c om STI VEN TOŠ stos@fima.com For more information please contact us via mail trading@fima.com or on tel

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