Yes. In addition to Employees and Qualified Investors, Retail Investors, i.e., private individuals who are citizens of the Republic of Croatia, also have the right to purchase shares of the Issuer, ING-GRAD d.d. (hereinafter: ING-GRAD).

Retail Investors can express their interest in purchasing the shares offered through FINA by submitting a completed and signed Acceptance of Offer Statement and making the desired payment amount (which cannot be less than EUR 500.00). Retail Investors can submit the Acceptance of Offer Statement and make the payment at any of the 170 FINA branches in the Republic of Croatia. Information on branch locations and business hours is available at https://www.fina.hr/poslovnice.

If you are a client of Interkapital vrijednosni papiri d.o.o. (hereinafter: Underwriter), you can also purchase ING-GRAD shares in the IPO process through them or HITA-Vrijednosnice d.d.

ING-GRAD will determine the final price at which the shares offered will be sold upon the conclusion of the Public Offering on March 6, 2025. The shares offered will be sold at a price that will not be lower than EUR 37.00 or higher than EUR 46.00 per share. Since the final price is unknown at the time of the offering, the Retail Investor must specify the amount they wish to invest in ING-GRAD shares in the Acceptance of Offer Statement.

After determining the final price, Retail Investors will receive the equivalent number of shares. Any excess funds paid will be refunded to the bank account specified in the Acceptance of Offer Statement.

No later than one business day after the Issuer’s Management determines the exact number of Offered shares purchased by each Retail Investor, each investor whose offer is accepted will receive confirmation of the number of shares purchased. Subsequently, the purchased shares will be transferred to the Central Depository and Clearing Company d.d. (hereinafter: SKDD) in the investor’s name. The listing of the shares on the official market of the Zagreb Stock Exchange d.d. (hereinafter: Zagreb Stock Exchange) is expected on March 10, 2025.

Retail Investors have no further obligations in this process other than to monitor the feedback they will receive at their email address.

Citizens (private individuals) must submit the completed and signed Acceptance of Offer Statement from February 24, 2025, at the latest by March 6, 2025, by 12:00 PM noon, and make the full payment of the offered price to the Underwriter’s account (IBAN HR5824020061300000162 opened with Erste&Steiermärkische Bank d.d.), no later than March 6, 2025, by 4:00 PM. Timely payment will be only payments received to the Underwriter’s bank account, as specified in the Public Call, by the last day of the payment deadline, by 4:00 PM.

Citizens should understand that the bank transfer transaction to another bank is not instantaneous, so it is essential to ensure that the payment of the specified amount to the recipient’s account is processed no later than 12:00 PM noon on March 6, 2025.

Suppose the payment by the Retail Investor is lower than the amount stated in the Retail Investor’s Acceptance of Offer Statement, the Underwriter will use the actual amount paid as the basis for calculating the number of Offered Shares purchased by that Retail Investor.

Suppose the payment by the Retail Investor is higher than the amount stated in the Retail Investor’s Acceptance of Offer Statement. In that case, the Underwriter will use the amount indicated in the Acceptance of Offer Statement to calculate the number of Offered Shares purchased by that Retail Investor.

Payments made after the specified deadline (defined in the Public Call) will not be considered and will be treated as if the Retail Investor had not submitted the Acceptance of Offer Statement.

When filling out the Acceptance of Offer Statement, most of the information required consists of personal data visible from the ID card and checking account card. Investors purchasing shares for the first time who do not have an SKDD account number will be assigned one after purchasing shares in the IPO process. Confirmation of the SKDD account opening will be delivered by post to the registered address.

For investors with an SKDD account, the purchased shares will be delivered to the existing account.

These are the rules based on which the number of shares purchased by investors is determined if demand for the Offered Shares exceeds the number of Offered Shares available. For example, if during the Offer Period, investors show interest in more than 1,200,000 Offered Shares, the Management of ING-GRAD will decide on the allocation of the purchased Offered Shares to Qualified Investors, Retail Investors, and Employees according to predefined allocation rules, i.e., distribution, in a way that ensures no investor within the same group of investors is disadvantaged. More information about the Allocation Rules is available in Public Call.

The offering will be considered successful if at least 1,000,000 of the offered shares are subscribed. If not, the Issuer will refund the paid amounts to the Investors’ accounts listed in the Acceptance of Offer Statement within five days after the subscription period ends.

The financial benefit of owning shares is reflected in the following:

1) Dividend payout: Every year, when shareholders approve the financial results for the previous year at the General Assembly, if the company has a positive financial result, they can decide, by a majority vote of those present at the Assembly, to distribute a portion of the earned profit as dividends to the shareholders. ING-GRAD has committed to proposing the distribution of between 33 and 67 percent of the profit made in the previous year over the next four years. For example, in 2025, a dividend of 60 percent of the profit earned in 2024 will be paid, which amounts to EUR 2.60 per share, representing a dividend yield of 5.7 percent to 7 percent before dividend tax (or 5.0 percent to 6.2 percent after dividend tax). All shareholders who purchase shares in the public offering will receive this dividend.

2) Increase in Share Price: Although no one can guarantee an increase in share price, it is reasonable to expect the price of the company’s shares to rise over time if the company continues to perform well in the future, i.e., continues to increase its revenues and profits, as well as the amount of dividend paid to shareholders. This is especially true in times of high inflation, where the general price level increases, typically leading to higher revenues and profits for companies, and thus, their shares become more valuable.

When you want to access the money you invested in shares, you need to sell the shares. Shares are sold through a broker, i.e., an investment company that is a member of the Zagreb Stock Exchange, where shares are traded. If you do not already have a broker, you can contact Interkapital vrijednosni papiri d.o.o., the Underwriter, who will assist you.