FIMA Daily Insight

IN FOCUS - STOCK EXCHANGE March 16, 2012 Croatian equities recorded an upward movement today; CROBEX ZSE STOCK MARKET gained 0.74% to 1,844.03 pts while blue chip CROBEX10 accelerated CROBEX Last 1.844,0 0.41% to 1,008.60 pts. Total turnover of the day reached HRK 30.4 % daily 0,74% million.

% YTD 5,97% Integrated telecom operator HT (HTRA CZ) topped the liquidity board CROBEX10 last 1008,6 as usual with HRK 5.6 million in turnover and increasing 0.49% to HRK % daily 0,41% 216.05. % YTD 3,32% Construction engineering company Ingra (INGRRA CZ) followed Stock Turnov er (HRK m) 30,44 collecting HRK 2.3 million in turnover and advancing 2.9% to HRK 8.40. Total MCAP (HRK bn) 187,00 Frozen foods producer (LEDORA CZ) came to focus with HRK 2.1

Source: w w w .zse.hr million in turnover while price accelerated 2.33% to HRK 6,049.97.

Other companies from concern were among better performers today. Agricultural producer Vupik (VPIKRA CZ) and kiosk chain Tisak -10,0% -5,0% 0,0% 5,0% 10,0% 15,0% 20,0% (TISKRA CZ) increased 4.59% and 4.53%, respectively, largest RIVP-R-A domestic retail chain Konzum (KNZMRA CZ) accelerated 5.76% to HRK DLKV-R-A KNZM-R-A 165.99 while food producer Belje (BLJERA CZ) declined 1.98% to HRK LKRI-R-A 89.20. ATPL-R-A INGR-R-A Heavy constructor (VDKTRA CZ) rocketed 30.32% to HRK 245 THNK-R-A DDJH-R-A after company informed investors about new contract signed in total PTKM-R-A worth HRK 516 million, related to construction of Zagreb airport. KORF-R-A LKPC-R-A

HT-R-A ATGR-R-A PODR-R-A ULPL-R-A ERNT-R-A -R-A ZABA-R-A ADPL-R-A KRAS-R-A ADRS-P-A KOEI-R-A BLJE-R-A IGH-R-A ISTT-R-A * data is calculated using last traded price Source: www.zse.hr

CROBEX 3 MONTH MOVEMENT

2.000 60

50 1.900 40

1.800 30 Daily news headlines (more available on www.fima-securities.com): pts

20 HRK Millions March consumer sentiment dips, inflation view up 1.700 Euro zone may up bailout fund capacity to near 700 billion euros: officials 10 February industrial output flat, factory output up 1.600 0 Turnover CROBEX Iceland to repay early a fifth of IMF, Nordic loans Greece recovers more in lost tax

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FIMA Daily Insight

IN FOCUS - ZAGREB STOCK EXCHANGE

Croatia’s Hands over Ship To New Owner Croatian shipping company Atlantska Plovidba [ZSE:ATPL-R-A] said on Friday it has handed over the Mokosica motor vessel to its new owner. The unnamed Norwegian buyer took delivery of the ship on March 14, Atlantska Plovidba said in a statement posted on the website of the Zagreb Stock Exchange. (Source: www.limun.hr original text was published on www.seenews.com)

Croatia's Koncar-D&ST 2011 Net Profit Falls 9.3%, Plans Dividend

Croatian power transformers manufacturer Koncar-D&ST [ZSE:KODT-R-A] said on Friday its net profit fell 9.3% to 33.7 million kuna ($5.8 million/4.5 million euro) in 2011. The company said in a bourse filing it plans to pay a dividend of 52.66 kuna per preferred and ordinary share for 2011. (Source: www.limun.hr original text was published on www.seenews.com)

Croatia Open-end Investment Funds' Assets Fall 7.41% M/M at End-Feb

The assets managed by open-end investment funds operating in Croatia fell to 11.183 billion kuna ($1.9 billion/1.5 billion euro) at the end of February from 12.078 billion kuna a month earlier, the country's financial watchdog said. ZB Plus ranked first among the Croatian open-end investment funds with assets worth 2.302 billion kuna at the end of February, the Croatian Financial Services Supervision Agency, HANFA, said on its website. (Source: www.limun.hr original text was published on www.seenews.com)

9,0

8,0

7,0

6,0

5,0

4,0

3,0

HRK/EUR HRK/USD Source: www.hnb.hr For more information please contact us via mail [email protected] or on tel. +385 42 66 09 60 2

FIMA Daily Insight

IN FOCUS - ZAGREB STOCK EXCHANGE

CROATIAN EQUITIES (FUNDAMENTAL MULTIPLES)

“ - “ s t a n d s for negative value of multiple

* multiples for Adris Group calculated on diluted basis

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FIMA Daily Insight

IN FOCUS - ZAGREB STOCK EXCHANGE

CONTACTS FOR INSTITUTIONAL IN VESTORS:

KREŠIMIR ČULO [email protected] +385 1 63 98 357

GORAN BRODAR [email protected] +38542 66 09 61

TRADING DEPARTMENT: [email protected] Phone : +385 42 66 09 60

RESEARCH DEPARTMENT:

NIKOLA BAKŠAJ [email protected] +385 42 66 09 74

STIVEN TOŠ [email protected] +385 42 66 09 75

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FIMA Daily Insight

IN FOCUS - ZAGREB STOCK EXCHANGE

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