Unaudited financial statements of Zagrebačka banka Group for the period from 1 January 2016 to 30 June 2016 Content:

Unaudited financial statements of Zagrebačka banka Group for the period from 1 January 2016 to 30 June 2016 Content: 1. Management report for the period from 1 January 2016 to 30 June 2016 2. Statement of the persons responsible for the preparation of the financial statements 3. Financial statements (TFI-KI statements) 3.1. Balance sheet as at 30 June 2016 3.2. Income statement for the period from 1 January 2016 to 30 June 2016 3.3. Cash flow statement for the period from 1 January 2016 to 30 June 2016 3.4. Statement of changes in equity for the period from 31 December 2015 to 30 June 2016 3.5. Notes to the financial statements

Management report for the period from 1 January to 30 June 2016 According to the unaudited financial statements, in the first half of 2016 Zagrebačka banka Group recorded a profit after tax of HRK 931 million. The Group with all its members has realised solid business result based on sustainable growth in operating income and responsible risk management approach. The overall level of non-performing loans decreased, while the provision coverage is 61.8%. With the purpose of optimizing business processes and realising synergies, in 2015 Zagrebačka banka acquired 100% stake in companies UniCredit Leasing Croatia d.o.o. and Locat Croatia d.o.o. and increased its ownership share in UniCredit Bank d.d. Mostar to 99%. With the abovementioned acquisitions, the Group has further optimized its governance and business role within UniCredit Group. Due to positive trends in the macroeconomic environment and realised economic growth, an increase in credit activity is recorded in Consumer Financing, Corporate and Government segments. The total volume of loans remained stable despite the conversion of Swiss franc loans in the Republic of Croatia. The Group decreases interest rates on new loans due to more favourable financing sources. Being the first on the market in the Republic of Croatia standardly applying National Reference Interest rates since their introduction, the Group reduces interest rates for citizens even for previously approved loans. Thereby the Group facilitates its clients' loan repayment and increases their available income. We are continuously improving business processes by introducing innovative technologies with the goal to provide to our clients fast, quality and personalized services tailored to their needs. Key performance indicators in first half of 2016: Zagrebačka banka Group operating income totals HRK 2,732 million (+15.6%) Total operating expenses amount to HRK 1,264 million (+7.6%) Profit before impairment and other provisions amounts to HRK 1,468 million (+23.5%) Impairment and other provisions amount to HRK 343 million (-36.5%) Net loans to customers amount to HRK 84,544 million Deposits from customers amount to HRK 87,732 million

Management report for the period from 1 January to 30 June 2016 (continued) The Group s operating income in first half of 2016 amounted to HRK 2,732 million. Compared to the same 2015 period the increase is HRK 368 million (+15.6%), mainly due to higher Net trading and other income as well as lower Impairment and other provisions: Net interest income amounted to HRK 1,733 million which is by HRK 60 million (+3.6%) more compared to the first half of 2015, as a result of stable average volume of loans and lower funding costs. Net fee and commission income amounted to HRK 607 million and is by HRK 27 million (+4.7%) higher compared to the corresponding period in 2015, following the increase in payment transaction fees and fees from asset management, brokerage and consulting services. Net trading and other income amounted to HRK 392 million, an increase of HRK 281 million (+253.2%) is the result of HRK 135 million gain from sale of stake in Visa Europe Limited, as well as higher net trading income compared to the previous year, when the result was negatively affected by Swiss franc appreciation and the application of January 2015 amendments to the Consumer Credit Act. Operating expenses amounted to HRK 1,264 million and increased by HRK 89 million (+7.6%), mainly as full annual contribution to the Single Resolution Fund was accrued compared to gradual recognition throughout the prior year and as leasing segment operating expenses were included, due to change in the scope of consolidation. The Group s cost to income ratio ( C/I ratio ) remained good and equalled 46.27% (2015: 49.70%). Profit before impairment and other provisions was HRK 1,468 million, higher by HRK 279 million (+23.5%), due to the previously described movements in Operating income and Operating expenses. Impairment and other provisions amounted to HRK 343 million and they have decreased by HRK 197 million (-36.5%). By responsible risk management approach the level of non-performing loans decreased, while the level of provisions against non-performing loans increased from 55.52% to 61.8%. Total assets of the Group amounted to HRK 124,032 million and decreased by HRK 3,972 million (-3.1%) during the year, due to optimisation of funding sources. Net loans to customers amounted to HRK 84,544 million (+0.2%) despite the conversion of Swiss franc loans in Zagrebačka banka d.d. where the increase was realised mainly in Corporate (+HRK 690 million) and Government (+HRK 572 million) segments, while Retail segment started its recovery since April 2016. The leading position and market share in loan activity were retained. Deposits from customers represent primary source of funding and amounted to HRK 87,732 at the end of the period. The increase of HRK 1,188 million (+1.4%) was realised in deposits from Corporate. Loans to deposits ratio is stable and amounts 96.4%. Deposits from banks and borrowings amounted to HRK 14,401 million. The decrease of HRK 4,902 million (-25.4%) is a result of lower funding needs. Other liabilities amount to HRK 4,045 million. The decrease of HRK 1,076 million (-21.0%) mostly relates to utilisation of provision for conversion of Swiss franc loans. Capital and reserves amounted to HRK 17,854 million and increased by HRK 818 million (+4.8%), while the capital adequacy ratio of Zagrebačka banka d.d. increased to a level of 25.51%, (31 December 2015: 24.7%).

Financial results for the period from 1 January to 30 June 2016 Zagrebačka banka Group Δ 2016 vs 2015 Income statement (HRK mln) 2015 2016 % HRK mln 1 2 3 (4/1) 4 (2-1) Interest income 3,423 3,091 (9.7 %) (332) Interest expenses (1,750) (1,358) (22.4 %) 392 Net interest income 1,673 1,733 3.6 % 60 Fee and commission income 662 675 2.0 % 13 Fee and commission expenses (82) (68) (17.1 %) 14 Net fee and commission income 580 607 4.7 % 27 Net trading and other income 111 392 253.2 % 281 Operating income 2,364 2,732 15.6 % 368 Operating expenses (1,175) (1,264) 7.6 % (89) Profit before impairment and other provisions 1,189 1,468 23.5 % 279 Impairment and other provisions (540) (343) (36.5 %) 197 Profit from operations 649 1,125 73.3 % 476 Share of profit from associates 22 20 (9.1 %) (2) Profit before tax 671 1,145 70.6 % 474 Income tax (121) (214) 76.9 % (93) Net profit 550 931 69.3 % 381 Attributable to equity holders of the Bank 501 930 85.6 % 429 Attributable to minority interests 49 1 (98.0 %) (48) Net profit 550 931 69.3 % 381 Zagrebačka banka Group Δ 2016 vs 2015 Balance sheet (HRK mln) 31 Dec 2015 30 Jun 2016 % HRK mln 1 2 3 (2/1) 4 (2-1) Cash and deposits with CNB 12,767 12,659 (0.8%) (108) Loans and receivables from banks 14,054 11,746 (16.4%) (2,308) Securities 10,497 8,547 (18.6%) (1,950) Net loans to customers 84,340 84,544 0.2% 204 Tangible and intangible assets 2,486 2,638 6.1% 152 Other assets 3,860 3,899 1.0% 39 Total assets 128,004 124,032 (3.1%) (3,972) Deposits from customers 86,544 87,732 1.4% 1,188 Deposits from banks and borrowings 19,303 14,401 (25.4%) (4,902) Other liabilities 5,121 4,045 (21.0%) (1,076) Total equity 17,036 17,854 4.8% 818 Total liabilities and equity 128,004 124,032 (3.1%) (3,972) Equity attributable to equity holders of the Bank 17,013 17,831 4.8% 818 Equity attributable to minority interests 23 23 0.9% 0 Zagreb, 29 July 2016 Chairman of the Management Board Miljenko Živaljić

Statement of the persons responsible for the preparation of financial statements Pursuant to the provisions of the Capital Market Act, to the best of our knowledge: 1. the set of summary financial statements of Zagrebačka banka Group prepared in accordance with the applicable standards for financial reporting for banks in the Republic of Croatia gives a true and complete view of the assets and liabilities, profit and loss, the financial position and business operations of Zagrebačka banka Group; 2. the Management Report gives a true view of business developments, operating results and the position of Zagrebačka banka Group. Head of Accounting and Regulatory Reporting Marijana Brcko Member of the Management Board Lorenzo Ramajola Additional info: Public Relations Tel: 00385(1) 6104153 e-mail: PR@unicreditgroup.zaba.hr www.zaba.hr

Appendix 3. Reporting period: 1.1.2016 to 30.6.2016 Quarterly financial report for credit institutions-tfi-ki Identification number (MB): 03234495 Subjects identification number 080000014 Personal identification number (OIB): 92963223473 Issuer company: Zagrebačka banka d.d. Post office number and city: 10000 Zagreb Street and number: Trg bana Josipa Jelačića 10 E-mail address: zaba@unicreditgroup.zaba.hr Internet address: www.zaba.hr ode and name of municipality/city: 133 Zagreb Code and name of county: Consolidated report: 21 Grad Zagreb Number of employees: 5,695 (as at the quarter-end) YES Code in NKD: 6419 Subsidiaries and associates of the Bank which are included in Zagrebačka banka Group are shown in Note 4): Companies included in consolidation (according to IFRS): Headquarters: MB: Prva stambena štedionica d.d. Savska 62, 10000 Zagreb 01391178 ZB Invest d.o.o. Ivana Lučića 2a, 10000 Zagreb 01500937 Centar Kaptol d.o.o. Nova Ves 17, 10000 Zagreb 01149440 Pominvest d.d. Gundulićeva 26a, 21000 Split 03891984 Suvremene poslovne komunikacije d.o.o. Savska cesta 28, 10000 Zagreb 03773965 Zagreb nekretnine d.o.o. Nova Ves 17, 10000 Zagreb 03709124 UniCredit Leasing Croatia d.o.o. Heinzelova 33, 10000 Zagreb 01329162 Locat Croatia d.o.o. Damira Tomljanovića Gavrana 17, 10000 Zagreb 01598465 UniCredit Partner d.o.o. Damira Tomljanovića Gavrana 17, 10000 Zagreb 01972669 ALLIB NEKRETNINE d.o.o. Damira Tomljanovića Gavrana 17, 10000 Zagreb 01569465 BACAL ALPHA d.o.o. Damira Tomljanovića Gavrana 17, 10000 Zagreb 02001365 ZABA Partner d.o.o. Augusta Cesarca 2, 10000 Zagreb 04089014 UniCredit Bank d.d. Kardinala Stepinca bb, 88000 Mostar 07700822 Zane BH d.o.o. Branilaca Sarajeva 20, 71000 Sarajevo 79524093 UniCreditLeasing d.o.o. Ložionička 7, 71000 Sarajevo 79535370 UniCredit Broker d.o.o. Obala Kulina bana 15, 71000 Sarajevo 79535362 Multiplus card d.o.o., Zagreb Ivana Lučića 2a, 10000 Zagreb 02638541 Allianz ZB d.o.o., Zagreb Nike Grškovića 31, 10000 Zagreb 01581864 Allianz ZB d.o.o., Zagreb Ivana Lučića 2a, 10000 Zagreb 01637886 Accounting: Contact person: Jurič Ana (only name and surname of contact person is included) Phone: 01/ 4801-663 Telefax: E-mail address: ana.juric@unicreditgroup.zaba.hr Surname and name: Živaljić Miljenko (person representing the company) Documentation to be published: 1. Financial reports (balance, income statement, cash flow statement, statement on changes in equity and notes to financial statements) 2. Interim Management report 3. Statement of persons responsible for preparation of financial reports M.P. (signature of the President of the Management Board)

ASSETS 1. CASH AND DEPOSITS WITH THE CNB (002+003) 1.1.Cash 1.2.Deposits with the CNB 2. DEPOSITS WITH BANKING INSTITUTIONS 3. TREASURY BILLS AND CNB BILLS BALANCE SHEET balance as at 30.06.2016 Position name 4. SECURITIES AND OTHER FINANCIAL INSTRUMENTS HELD FOR TRADING 5. SECURITIES AND OTHER FINANCIAL INSTRUMENTS AVAILABLE FOR SALE 6. SECURITIES AND OTHER FINANCIAL INSTRUMENTS HELD TO MATURITY 1 Amounts in HRK AOP code Previous period Current period 2 3 4 001 12,767,328,005 12,658,608,075 002 2,517,363,441 2,823,160,527 003 10,249,964,564 9,835,447,548 004 12,846,392,060 11,733,966,094 005 4,600,972,233 4,375,838,849 006 19,483,232 83,320,989 007 5,755,223,069 3,972,694,390 008 1,770,354 122,272 7. SECURITIES AND OTHER FINANCIAL INSTRUMENTS WHICH ARE NOT ACTIVELY TRADED, BUT ARE DESIGNATED TO FAIR VALUE THROUGH PROFIT OR LOSS 8. DERIVATIVE FINANCIAL ASSETS 9. LOANS TO FINANCIAL INSTITUTIONS 10. LOANS TO OTHER CUSTOMERS 11. INVESTMENTS IN SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES 12. FORECLOSED ASSETS 13. PROPERTY, PLANT AND EQUIPMENT (NET OF DEPRECIATION) 14. INTEREST, FEES AND OTHER ASSETS A) TOTAL ASSETS (001+004 do 016) LIABILITIES 1. BORROWINGS FROM FINANCIAL INSTITUTIONS (019+020) 1.1. Short-term borrowings 1.2. Long-term borrowings 2. DEPOSITS (AOP 022 to 024) 2.1. Giro and current accounts 2.2. Savings deposits 2.3. Term deposits 3. OTHER BORROWINGS (026+027) 3.1. Short-term borrowings 3.2. Long-term borrowings 4. LIABILITIES ARISING FROM DERIVATIVES AND OTHER LIABILITIES HELD FOR TRADING 5. ISSUED DEBT SECURITIES (030+031) 5.1. Short-term issued debt securities 5.2. Long-term issued debt securities 6. ISSUED SUBORDINATED INSTRUMENTS 7. ISSUED HYBRID INSTRUMENTS 8. INTERESTS, FEES AND OTHER LIABILITIES B) TOTAL LIABILITIES (018+021+025+028+029+032+033+034) EQUITY 1. SHARE CAPITAL 2. CURRENT YEAR PROFIT / (LOSS) 3. RETAINED EARNINGS / (LOSS) 4. LEGAL RESERVES 5. STATUTORY AND OTHER CAPITAL RESERVES 6. UNREALISED GAIN / (LOSS) ON VALUE ADJUSTMENT OF AVAILABLE-FOR- SALE FINANCIAL ASSETS 009 119,693,919 114,670,425 010 2,202,903,145 2,200,620,260 011 1,207,515,330 12,436,191 012 84,339,919,245 84,544,043,338 013 90,303,476 70,210,575 014 253,508,348 274,767,151 015 2,486,396,713 2,637,552,817 016 1,311,870,054 1,353,148,414 017 128,003,279,183 124,031,999,840 018 7,879,498,085 5,925,005,330 019 457,561,803 897,540,144 020 7,421,936,282 5,027,465,186 021 95,639,669,928 93,890,344,846 022 21,288,486,557 22,743,854,377 023 11,196,281,100 12,926,971,558 024 63,154,902,271 58,219,518,911 025 2,328,232,568 2,317,771,678 026 281,266,846 169,857,945 027 2,046,965,722 2,147,913,733 028 1,956,316,728 1,939,130,704 029 0 0 030 0 0 031 0 0 032 0 0 033 0 0 034 3,164,428,079 2,105,938,708 035 110,968,145,388 106,178,191,266 036 6,404,839,100 6,404,839,100 037-147,844,354 931,112,841 038 6,593,833,905 6,399,298,196 039 64,048,522 64,048,522 040 3,906,041,757 3,902,383,794 041 214,214,865 152,126,121 7. HEDGE ACCOUNTING RESERVES 042 0 0 C) TOTAL EQUITY (036 to 042) 043 17,035,133,795 17,853,808,574 D) TOTAL LIABILITIES AND EQUITY (035+043) 044 128,003,279,183 124,031,999,840 BALANCE SHEET SUPPLEMENT (to be inputed by issuer preparing consolidated financial reports) 1. TOTAL EQUITY 045 17,035,133,795 17,853,808,574 2. Attributable to equity holders of the Bank 046 17,012,433,515 17,830,600,982 3. Attributable to minority interests (045-046) 047 22,700,280 23,207,592

INCOME STATEMENT for the period 01.01.2016 to 30.06.2016 Position name AOP code 1 1. Interest income 2. Interest expense 3. Net interest income (048-049) 4. Fee and commission income 5. Fee and commission expense 6. Net income from commissions and fees (051-052) 7. Gains / losses from investment in subsidiaries, associates and joint ventures 8. Gains / losses from trading activities 9. Gains / losses from embedded derivatives 10. Gains / losses from assets which are not actively traded, but are designated at fair 11. Gains / losses from activities related to available-for-sale financial assets 12. Gains / losses from activities related to held-to-maturity investments 13. Gains / losses from hedging transactions 14. Income from investments in subsidiaries, associates and joint ventures 15. Income from other equity investments 16. Gains / losses from foreign exchange differences 17. Other income 18. Other expenses 19. General administrative expenses and depreciation 20. Net income from operations before impairment and other provisions 21. Impairment losses and other provisions 22. PROFIT / LOSS BEFORE TAX (067-068) 23. INCOME TAX EXPENSE 24. PROFIT / LOSS FOR THE PERIOD (069-070) 25. Earnings per share INCOME STATEMENT SUPPLEMENT (to be inputed by issuer preparing consolidated financial statements) Previous period Amounts in HRK Current period Cumulated Quarterly Cumulated Quarterly 2 3 4 5 6 048 3,422,595,060 1,688,508,836 3,090,075,586 1,541,703,844 049 1,750,131,351 849,793,971 1,357,576,096 668,247,888 050 1,672,463,709 838,714,865 1,732,499,490 873,455,956 051 662,080,153 351,212,359 675,085,699 354,061,583 052 81,587,582 47,583,232 67,818,760 36,871,212 053 580,492,571 303,629,127 607,266,939 317,190,371 054 22,281,385 11,332,276 20,228,128 10,672,470 055-37,293,724-15,535,279-20,434,626-10,176,857 056 0 0 0 0 057 9,376,344 835,546-2,768,848 531,591 058-5,596,504-8,423,504 148,131,551 144,570,225 059 0 0 0 0 060 0 0 0 0 061 0 0 0 0 062 8,866,160 8,866,160 10,684,932 10,684,932 063 14,912,916 56,131,834 103,101,420 72,774,627 064 120,358,270 94,707,757 153,060,592 90,886,297 065 146,860,858 91,541,000 173,748,571 69,437,805 066 1,028,223,948 545,261,429 1,089,684,341 554,458,091 067 1,210,776,321 653,456,353 1,488,336,666 886,693,716 068 540,490,044 329,371,261 343,686,772 282,795,381 069 670,286,277 324,085,092 1,144,649,894 603,898,335 070 120,730,348 55,963,924 213,537,053 112,806,104 071 549,555,929 268,121,168 931,112,841 491,092,231 072 0 0 6 6 1. PROFIT / LOSS FOR THE PERIOD 2. Attributable to equity holders of the Bank 3. Attributable to minority interests (073-074) 073 281,434,762 281,434,762 931,112,841 491,092,231 074 256,487,870 256,487,870 929,996,757 490,516,472 075 24,946,892 24,946,892 1,116,084 575,759

Position name in the period from AOP code STATEMENT OF CHANGES IN EQUITY 31.12.2015. to 30.06.2016. Attributable to shareholders of the Bank Share capital Treasury shares Legal, statutory, capital and other reserves Retained earnings/ loss Profit/loss for the year Unrealised gain/loss from revaluation on AFS financial assets Minority interests Amounts in HRK Total Balance as at 1 January of the current period Changes in accounting policies and errors Restated balance as at 1 January of the current period (001+002) Disposal of available-for-sale financial assets Changes in fair value of available-for-sale financial assets 1 2 3 4 5 6 7 8 9 10 001 6,404,839,100 0 3,970,090,279 6,573,548,857-150,259,586 214,214,865 22,700,280 17,035,133,795 002 0 0 0 0 0 0 0 0 003 6,404,839,100 0 3,970,090,279 6,573,548,857-150,259,586 214,214,865 22,700,280 17,035,133,795 004 0 0 0 0 0-108,841,185 0-108,841,185 005 0 0 0 0 0 30,992,562 10,801 31,003,363 Deferred tax on movements in fair value reserve of available-for-sale financial assets Other gains/losses recognised directly in equity Net gains/losses recognised directly in equity (004+005+006+007) Profit / loss for the period Total recognised income and expense for the current period (008+009) Increase / decrease of share capital Acquisition / disposal of treasury shares Other movements Transfer to reserves Dividends paid Distribution of profit (014+015) Balance as at 31 December of the current period (003+010+011+012+013+016) Banks w hich prepare consolidated annual financial statements separately disclose changes in minority interests in the relevant sections of equity. 006 0 0 0 0 0 15,738,974 0 15,738,974 007 0 0 6,930-46,090,282 0 20,905-324,004-46,386,451 008 0 0 6,930-46,090,282 0-62,088,744-313,203-108,485,299 009 0 0 0 0 929,996,757 0 1,116,084 931,112,841 010 0 0 6,930-46,090,282 929,996,757-62,088,744 802,881 822,627,542 011 0 0 0 0 0 0 0 0 012 0 0-472,719 0 0 0 0-472,719 013 0 0-3,192,174 0 0 0 0-3,192,174 014 0 0 0-150,259,587 150,259,587 0 0 0 015 0 0 0 7,699 0 0-295,569-287,870 016 0 0 0-150,251,888 150,259,587 0-295,569-287,870 017 6,404,839,100 0 3,966,432,316 6,377,206,687 929,996,758 152,126,121 23,207,592 17,853,808,574

CASH FLOW STATEMENT - Direct method in the period 01.01.2016 to 30.06.2016 Amounts in HRK Position name AOP code Previous period Current period 1 2 3 4 Operating activities 1. Cash flow from operating activities (002 do 009) 1.1. Interest and similar receipts 1.2. Fee and commission receipts 1.3. Interest and similar payments 1.4. Fee and commission payments 1.5. Operating expenses paid 1.6. Net gains / losses from financial instruments at fair value through profit or loss 1.7. Other receipts 1.8. Other payments 2. Net (increase) / decrease of operating assets (011 to 018) 2.1. Deposits with the CNB 2.2. Ministry of Finance treasury bills and CNB treasury bills 2.3. Deposits with financial institutions and loans to financial institutions 2.4. Loans to other customers 2.5. Securities and other held-for-trading financial assets 2.6. Securities and other available-for-sale financial assets 2.7. Securities and other financial instruments which are not actively traded, but are designated at fair value through profit or loss 2.8. Other assets 3. Net increase / (decrease) of operating liabilities (020 to 023) 3.1. Demand deposits 3.2. Savings and term deposits 3.3. Derivative financial liabilities and other trading liabilities 3.4. Other liabilities 4. Net cash flow from operating activities before income taxes paid (001+010+019) 5. Paid income tax 6. Net cash flow from operating activities (024+025) Investment activities 7. Net cash flow from investment activities (028 to 032) 7.1. Receipts from sale of / (payments to acquire) property, plant and equipment and intangible assets 7.2. Receipts from sale of / (payments for purchase) investments in subsidiaries, associates and joint ventures 7.3. Receipts from sale of / (payments to acquire) securities and other investments held to maturity 7.4. Received dividends 7.5. Other receipts / (payments) from investment activities Financing activities 8. Net cash flow from financing activities (034 to 039) 8.1. Net increase / (decrease) of borrowings 8.2. Net increase / (decrease) of issued debt securities 8.3. Net increase / (decrease) of subordinated and hybrid instruments 8.4. Receipts from issue of share capital 8.5. Payment of dividends 8.6. Other receipts / (payments) from financing activities 9. Net cash flow (026+027+033) 10. Effects of foreign exchange differences on cash and cash equivalents 11. Net increase / (decrease) in cash and cash equivalents (040+041) 12. Cash and cash equivalents at the beginning of the year 13. Cash and cash equivalents at the end of the year (042+043) 001 1,426,568,423 1,541,968,601 002 3,347,966,723 3,047,326,065 003 657,641,933 684,395,570 004-1,731,293,323-1,390,031,986 005-81,516,194-67,158,462 006-1,037,297,134-1,084,089,972 007 161,062,750 160,954,346 008 110,003,668 190,573,040 009 0 0 010 743,555,030 2,176,288,783 011 169,681,043 1,554,209,339 012 264,597,933 216,842,707 013 1,903,546,822 1,673,304,432 014-1,292,199,068-2,786,114,412 015 2,486,074-62,232,110 016-211,909,545 1,687,061,047 017 50,081,976 906,015 018-142,730,205-107,688,235 019 2,834,158,900-433,668,481 020 481,583,322 1,392,555,297 021 2,107,806,777-1,968,546,269 022 0 197,429 023 244,768,801 142,125,062 024 5,004,282,353 3,284,588,903 025-188,756,640-146,549,146 026 4,815,525,713 3,138,039,757 027 823,015,992-328,241,597 028-164,132,365-351,629,918 029-243,650,850 10,493,300 030 1,205,460,640 228,145 031 25,338,567 12,666,876 032 0 0 033-3,394,785,243-1,742,784,811 034-2,166,364,114-1,742,447,716 035 0 0 036-75,806,601 0 037 0 0 038-1,152,614,528-337,095 039 0 0 040 2,243,756,462 1,067,013,349 041 20,145,545-64,496,760 042 2,263,902,007 1,002,516,589 043 4,884,966,481 8,802,849,127 044 7,148,868,488 9,805,365,716 * Collections arising from interest and dividends may be classified as operating activities (IAS 7 Appendix A)

NOTES TO THE FINANCIAL STATEMENTS in HRK Net liquid assets 31.12.2015 30.6.2016 Cash 2,517,363,441 2,823,160,527 Deposits with the CNB 10,249,964,564 9,835,447,548 Deposits with banking institutions 12,846,392,060 11,733,966,094 Treasury bills and CNB bills 4,600,972,233 4,375,838,849 Securities and other financial instruments held for trading 19,483,232 83,320,989 Secutiries and other financial instruments available for sale 5,755,223,069 3,972,694,390 Securities and other financial instruments which are not actively traded, but are designated at fair value in income statement 119,693,919 114,670,425 36,109,092,518 32,939,098,822 Loans to and receivables from customers 31.12.2015 30.6.2016 Companies and similar organisations and Government 56,529,994,049 58,102,376,319 Individuals and unincorporated businesses 37,363,138,623 35,891,863,328 Total gross loans 93,893,132,672 93,994,239,647 Companies and similar organisations and Government -6,765,297,479-6,871,382,097 Individuals and unincorporated businesses -2,787,915,948-2,578,814,212 Impairment allowance -9,553,213,427-9,450,196,309 84,339,919,245 84,544,043,338 Deposits 31.12.2015 30.6.2016 Companies and similar organisations and Government 29,615,640,419 30,535,167,326 Individuals and unincorporated businesses 56,928,542,562 57,196,957,770 Banks and other financial institutions 9,095,486,947 6,158,219,750 95,639,669,928 93,890,344,846

List of subsidiaries and associates Zagrebačka banka d.d. is a licensed bank operating in Croatia and the holding company for the Zagrebačka banka Group. The Bank's subsidiaries and associated companies are show n below : Fully consolidated subsidiaries: Company Group Group ownership in % UniCredit Bank d.d., Mostar Banking 99.3 Prva stambena štedionica d.d. Banking 100.0 ZB Invest d.o.o. Fund management 100.0 Centar Kaptol d.o.o. Property investment 100.0 Pominvest d.d. Property management 88.7 Suvremene poslovne komunikacije d.o.o. Publishing 100.0 Zagreb nekretnine d.o.o. Real estate agency 100.0 Zane BH d.o.o. Real estate agency 100.0 UniCredit Leasing Croatia d.o.o. Leasing 100.0 Locat Croatia d.o.o. Intermediation in trade of various products 100.0 UniCredit Partner d.o.o. Intermediation in trade of various products 80.0 ALLIB NEKRETNINE d.o.o. Rent and management of the ow n property or leased property 100.0 BACAL ALPHA d.o.o. Organisation of project delivery for buildings 100.0 ZABA Partner d.o.o. Insurance brokerage 100.0 UniCreditLeasing d.o.o., Sarajevo Leasing 99.3 Equity accounted associated companies: Company Group Group ownership in % Allianz ZB d.o.o., Zagreb Obligatory pension fund management 49.0 Allianz ZB d.o.o., Zagreb Voluntary pension fund management 49.0 Multiplus card d.o.o., Zagreb Advertising and marketing services 25.0 UniCredit Broker d.o.o. Sarajevo brokersko društvo u osiguranju Insurance brokerage 48.7 Changes in scope of consolidation With the purpose of optimizing business processes and realising synergies, in 2015 Zagrebačka banka acquired 100% stake in companies UniCredit Leasing Croatia d.o.o. and Locat Croatia d.o.o. and increased its ow nership share in UniCredit Bank d.d. Mostar to 99%. With the abovementioned acquisitions, the Group has further optimized its governance and business role w ithin UniCredit Group.

Net interest income Previous period 30.06.2015 Current period 30.06.2016 Cumulative Quarterly Cumulative Quarterly Interest and similar income 3,422,595,060 1,688,508,836 3,090,075,586 1,541,703,844 Loans to and receivables from customers 2,315,948,673 1,164,043,261 2,260,661,128 1,129,308,628 Debt securities 122,378,054 52,543,017 97,964,090 46,725,051 Loans to and receivables from banks 16,438,492 8,289,452 16,532,131 8,266,483 Derivative instruments 967,829,841 463,633,106 714,918,237 357,403,682 Interest expense and similar charges 1,750,131,351 849,793,971 1,357,576,096 668,247,888 Current accounts and deposits from banks 86,267,717 42,126,006 66,618,350 34,818,885 Current accounts and deposits from individuals 497,738,165 240,231,605 397,119,070 191,240,576 Current accounts and deposits from companies and other organisations 107,264,145 54,442,503 109,899,536 52,603,119 Borrowings 127,523,071 60,965,632 91,411,268 43,260,954 Derivative instruments 931,338,253 452,028,225 692,527,872 346,324,354 1,672,463,709 838,714,865 1,732,499,490 873,455,956 Net fee and commission income Previous period 30.06.2015 Current period 30.06.2016 Cumulative Quarterly Cumulative Quarterly Fee and commission income 662,080,153 351,212,359 675,085,699 354,061,583 Domestic payment transaction related fees and commissions 246,773,325 125,048,420 255,391,306 131,223,451 Credit card related fees and commissions 162,656,390 93,739,142 148,479,467 80,655,127 Foreign payment transaction related fees and commissions 77,894,109 40,220,176 82,021,344 42,667,489 Investment management, brokerage and consultancy fees 67,625,314 35,891,868 95,948,451 54,861,022 Other fees and commissions 107,131,015 56,312,753 93,245,131 44,654,494 Fee and commission expense 81,587,582 47,583,232 67,818,760 36,871,212 Credit card related charges 48,640,173 29,334,856 39,027,112 22,364,405 Domestic payment transaction related charges 18,243,237 9,722,972 17,197,560 8,923,898 Foreign payment transaction related charges 5,788,113 2,693,608 3,655,992 1,724,028 Other fees and commissions 8,916,059 5,831,796 7,938,096 3,858,881 580,492,571 303,629,127 607,266,939 317,190,371 Impairment losses and provisions Previous period 30.06.2015 Current period 30.06.2016 Cumulative Quarterly Cumulative Quarterly Impairment losses on loans and receivables from customers -556,642,109-320,101,634-140,462,426-172,597,752 Provisions for conversion of CHF loans 0 0-73,555,815-8,763,421 Other impairment losses and provisions 16,152,065-9,269,627-129,668,531-101,434,208-540,490,044-329,371,261-343,686,772-282,795,381 Earnings per share Previous period 31.12.2015 Current period 30.06.2016 (Loss)/profit attributable to equity holders of the Bank -150,259,586 929,996,757 Weighted average number of ordinary shares in issue 320,222,148 320,202,373 Basic and diluted earnings per share (expressed in HRK per share) -0.47 5.81