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Agrokor Board establishes financial policy

16 April 2012

At the beginning of 2012, our Board established financial policy guidelines that we believe will strengthen our credit profile. A primary component of our financial policy is a target balance sheet net leverage ratio of between 3.50 and 3.75 times. Our Board expects that our net leverage ratio will gradually decrease from its current level to its targeted level as we continue to seek to generate cash by improving our profitability, disposing of non-core assets and businesses and maintaining a prudent capital expenditure policy. Our financial policy is subject to exceptions, including in the case of sizeable acquisitions, though we currently believe such exceptions would be of a temporary nature. Our net leverage ratio at a given point in time depends on a number of factors, and there can be no assurance that we will be able to achieve or maintain our target net leverage ratio or other financial policy objectives. You should be aware that a number of important factors could cause actual results to differ materially from these plans.

For a discussion of some of these risks and uncertainties, refer to the section titled "Information Regarding Forward-Looking Statements" within our "Management’s Discussion and Analysis of Financial Condition and Results of Operations in 2011" report available by registering on our Investor Relations website, accessible at https://investor.agrokor.hr/ .
 
10 April 2014

Agrokor and Sberbank announce EUR 600 million syndicated long-term loan facility
Agrokor and Sberbank announce EUR 600 million syndicated long-term loan facility
Further activities for CEE retail customers are planned
08 April 2014

PIK Vrbovec sold its canned pate and meat program to Podravka
PIK Vrbovec sold its canned pate and meat program to Podravka
This is aimed to further consolidate the domestic food industry
03 April 2014

Ledo won the annual Corporate Social Responsibility Award
Ledo won the annual Corporate Social Responsibility Award
The 2013 CSR Index Award was won in the Environmental management responisiblity and practices category
27 March 2014

First candidates from the young people employment initiative hired
First candidates from the young people employment initiative hired
The Agrokor Group completed its second initiative of hiring young people and out of 16.500 applicants the first 265 were employed
21 March 2014

Super Konzum Stenjevec in Zagreb is opened
Super Konzum Stenjevec in Zagreb is opened
The new shopping center is an investment valued at 40 million kuna
27 February 2014

Agrokor will invest 140 million kuna into new Konzum shopping centers
Agrokor will invest 140 million kuna into new Konzum shopping centers
New centers in Zagreb will be opened
12 February 2014

Agrokor to employ hundreds of young people
Agrokor to employ hundreds of young people
Applications are no longer being accepted. We thank those who applied and showed interest in working and gaining experience at one of the companies from the Agrokor Group.
06 February 2014

Agrokor continues strong investments in PIK Vrbovec
Agrokor continues strong investments in PIK Vrbovec
Three years of investments worth HRK 300m
27 January 2014

Investment into construction of a new greenhouse
Investment into construction of a new greenhouse
Agrokor invested 78 million kuna into a greenhouse with 50 new employees
24 December 2013

Agrokor sold Jamnica’s Juicy to the Stanić Group
Agrokor sold Jamnica’s Juicy to the Stanić Group
The investment is worth 45 million euro
 
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