Retail Investors’ Frequently Asked Questions in Croatia

 

GENERAL ASSEMBLY

When is the General Assembly to take place?
The General Assembly of the Company is convened for the 21 April 2009.

Where may I find information on participation in the General Assembly?
The invitation for participation in the General Assembly of Shareholders will be published in the Official Gazette and on T-HT's web site at least thirty days before the date of the General Assembly. Furthermore, each T-HT shareholder will be mailed a personal invitation for participation in the General Assembly.

Who is entitled to participate in the General Assembly?
Each shareholder of T-HT who has submitted to T-HT, either personally or through their proxy or representative, an application for participation in written form, seven days prior to the General Assembly session, is entitled to participate in the General Assembly. A legal entity or private person who is, on the last day for application for participation in the General Assembly, registered as a shareholder of T-HT with the Central Depository & Clearing Company d.d., Zagreb, is considered a shareholder of T-HT.

How can I vote? Who can vote?
All shareholders who have registered with T-HT their participation in the General Assembly in due time, may vote. The shareholders may vote only at the General Assembly, in person or through their proxies.

Is participation in the General Assembly mandatory? Is participation in the General Assembly a prerequisite for receipt of dividend payment?
Participation in the General Assembly is neither mandatory nor a prerequisite for the right to dividend payment.

DIVIDEND

Will T-HT pay dividend, and when?
The Management Board and the Supervisory Board of T-HT propose to this year's General Assembly of T-HT to distribute dividend in the amount of 29.99 HRK per share which shall result in dividend payment in the amount of 2,455,837,164.65 HRK in total. Dividend shall be paid from net profit achieved in financial year of 2008 in the amount of 2,103,678,782.86 HRK and retained profit from the previous periods in the amount of 352,158,381.79 HRK.
The Supervisory Board has also given consent to the Management Board to pay advance dividend to shareholders in the amount of 12.84 HRK per share, i.e. 1,051,448,789.40 HRK in total. Advance dividend shall be paid to shareholders registered with the Central Depositary Agency on 5 March 2009. Advance dividend payment claim becomes due on 9 March 2009.
Pursuant to the proposal, the remaining amount of 17.15 HRK per share shall be paid to shareholders registered with the Central Depositary Agency on the session date of the General Assembly planned to be held on 21 April 2009. The remaining dividend payment claim becomes due on 19 May 2009.

What is the last date to buy the shares in order to be entitled to dividend?
The last date to buy the shares in order to be entitled to advance dividend is 2 March 2009.
The last date to buy the shares in order to be entitled to the remaining dividend payment is 16 April 2009.

Will I receive dividend if I bought the shares after 05 March 2009?
Pursuant to the proposal sent to the General Assembly a shareholder registered with the Central Depositary Agency on the session date of the General Assembly planned to be held on 21 April 2009 shall receive dividend in the amount of 17.15 HRK.

Will I receive the remaining part of dividend if I sold the shares after 05 March 2009?
A shareholder who sold the shares in the period between 05 March and 16 April 2009 and as of 21 April he/she is not registered as a shareholder anymore shall not be entitled to the remaining part of dividend in the amount of 17.15 HRK.

Is there entitlement to dividend if the shares bought within IPO have not been registered with a broker in order to acquire bonus shares after one year?
Related to the insider IPO conditions and the entitlement to a bonus share after one year from IPO, we point out that the entitlement to dividend is achieved regardless of whether registration was made with a broker or not, observing all of the aforementioned, naturally.

Is there entitlement to dividend of the shares acquired after IPO as well?
The entitlement to dividend is achieved on the shares bought via the initial public offer (IPO) of the T-HT shares and on the shares acquired after that, observing all of the aforementioned, naturally.

I have the T-HT shares, what do I have to do to get dividend?
Dividend shall be paid via the Central Depository & Clearing Company. All shareholders should check their data upon invitation delivered by Central Depository & Clearing Company and if everything is alright, they do not have to do any additional activities. Dividend shall be paid in the way chosen by every shareholder with buying the shares. Possible changes need to be reported directly to Central Depository & Clearing Company via the delivered template.
For additional details please consult Central Depository & Clearing Company or your brokerage house.

Who do I need to contact in case I have a problem with dividend payment?
Dividend shall be paid to shareholders via the Central Depository & Clearing Company, Heinzelova 62a p.p. 409, 10002 ZAGREB, tel: +385 1 4607 300, fax: 385 (1) 4677 696, e-mail: sda.za.investitore@sda.hr.

What do I have to do if I changed the account number to which I wish to receive dividend payment?
If you are a private person, you may submit a personally signed request by post and a copy of the valid identification document or you may come to the office for the Central Depository & Clearing Company ‘s clients.
In case that a Croatian or a foreign legal entity changed the account, a copy of the contract on payment transactions or on the non-residential account opened with a Croatian business bank needs to be attached also to the request (submitted by facsimile or by post). For Croatian legal entities these data can be checked by taking insight into the public register of accounts kept by FINA (Financial Agency).

How can I get a receipt of dividend payment?
The Central Depository & Clearing Company shall deliver a notice on dividend payment to shareholders upon dividend payment.
If a new receipt needs to be issued, a dividend recipient may take up the receipt personally in the Central Depository & Clearing Company, presenting a personal identity card. Instead of a shareholder, the receipt can be taken up by a person authorized for this purpose by a shareholder, presenting his/her own personal identity card and the aforementioned power of attorney verified by a notary public.
If you cannot come to the Central Depositary Agency, the written request for a new receipt to be issued may be submitted to the following address:
Središnje depozitarno klirinško društvo / Central Depository & Clearing Company
Heinzelova 62a
10 000 Zagreb.
The request needs to contain the delivery address to take a receipt and to attach a copy of the personal identity card. The request must be signed by the dividend recipient. Upon receipt of the request the Central Depositary Agency shall send the receipt by post.

Is tax on dividend to be paid?
The Income Tax Act („Official Gazette" No. 177/04), applied as of 1 January 2005, provides that receipts from dividends and profit share based on the capital share are not considered to be income. Separate tax on dividend has not been prescribed.