Ericsson Nikola Tesla shareholder's annual assembly was held on Tuesday, June 5, 2012, with the represented equity capital of HRK 85,273,300 that is 64.04 % of the total share capital of the Company. Thus the prerequisites for lawfully convened and eligible operation of the assembly were met. The assembly procedures were conducted by Snježana Bahtijari the president of the Assembly, duly appointed to the position by the company Supervisory Board.

The Annual Assembly was attended by the shareholder's representatives and the Company management, as well as by the members of the Company Supervisory Board: Ignac Lovrek, Dubravko Radošević and Zvonimir Jelić. The major individual shareholder, LM Ericsson, was represented by Tomas Malm.

Gordana Kovačević, MSc, the Company director, addressed the audience by presenting the company’s performance in 2011, as well as the strategy and prospects for 2012.

Rafal Rybkowski, the Finance director presented the financial performance and indicators of the Company for the previous year. John Gašparac, from the auditing company PricewaterhouseCoopers, read a positive opinion given by the auditors on the company performance in 2011. On behalf of the Supervisory Board its report for 2011 was presented by Zvonimir Jelić.

At the Annual Shareholders’ Assembly a decision was made on the regular dividend payment amounting to HRK 20 per share and the extraordinary dividend payment amounting to HRK 150 per share, which totals HRK 170 per share from the retained earnings in 2001, 2002 and a part of retained earning in 2003.

The dividend will be paid to all Company shareholders, who on the seventh day prior to the assembly on which this decision was made (i.e. on May 29, 2012.) were subscribed to Ericsson Nikola Tesla shares at the security account with the Central Securities Depository, depending on the Company solvency, but not later than July 5, 2012, pursuant to the Article 223 of the Company Act. The company profit for the financial year 2011, amounting to HRK 27,976,482.87, will be distributed to the retained earnings. The Assembly approved a release note to Gordana Kovačević, the Company directory, as well as to the president and the members of the Supervisory Board, who were managing the Company in 2011. In addition, a decision was made on the Statute amendments and supplements. Thus, at the end of the article 3, in terms of company’s activities, the following shall be added: “*drawing up of investment and technological documentation in the information and communications technology management segment. “ After the expiry of the legislative period of the Supervisory Board members Klas Roland Nordgren and Carita Annetti Jönsson, they were re-elected for another four year-term.

Pursuant tot the Assembly decision, PricewaterhouseCoopers d.o.o., Zagreb was re-appointed the Company's auditor for 2012.

Ericsson Nikola Tesla Company Communications