Zagrebacka burza d d : Zagreb Stock Exchange - Financial Statement - 2022

ANNUAL REPORT

ON STATUS AND BUSINESS ACTIVITIES OF THE GROUP IN 2022

Zagreb, April 2023

The report in PDF format is an unofficial report, while the official version of the annual report, in accordance with the Capital Market Act, is available in a single electronic reporting format (ESEF - European Single Electronic Format).

This version of the Annual report is a translation from the original, which was prepared in Croatian language. All possible care has been taken to ensure that the translation is an accurate representation of the original. However, in all matters of interpretation of information, views or opinions, the original language version takes precedence over this translation.

Content

	Page
Management report	3
Statement on the application of the Corporate Governance Code	27
Responsibilities of the Management board for the Annual report	30
Independent Auditors' report to the shareholders of Zagrebačka burza d.d. Group	31
Financial statements
Consolidated Statement of comprehensive income	39
Consolidated Statement of the financial position	41
Consolidated Statement of changes in equity and reserves	43
Consolidated Statement of cash flows	44
Notes to the consolidated financial statements	46
Forms in accordance with the Ordinance on the Structure and Content of Stock Exchange	91
Annual Financial Statements (Official Gazette 25/19) (consolidated)
Decision on determining the annual financial statements	108
Decision on profit distribution	109

1 MANAGEMENT REPORT

1.1 Introduction

In 2022, the Zagreb Stock Exchange Group (hereinafter: the Group) recorded the following significant business events:

• On March 8, 2022, the Zagreb Stock Exchange organized the event "Ring for Gender Equality" to mark International Women's Day by opening trade in symbolic bells to emphasize the need to include more women in the world of work and their advancement in the business world.
• On March 11, 2022, the Ljubljana Stock Exchange organized the event "Ring for Gender Equality" to mark International Women's Day by opening trade in symbolic bells to emphasize the need to include more women in the world of work and their advancement in the business world.
• On March 23, 2022, the Ljubljana Stock Exchange organized an investor webcast "Slovenian Listed Companies Online".
• On March 24, 2022, the Ljubljana Stock Exchange marked World Money Week by hosting a webinar for pupils and students called "Let's go to the Exchange".
• In the period from 26 to 27 May 2022, the Croatian and Slovenian Investor Days - "CEE Investment Opportunities" were held. Slovenian and Croatian companies were joined by companies listed on the Macedonian Stock Exchange. The event was conducted through the Zoom Webinar platform, and was attended by about 200 analysts and investors from the region, as well as investors from Austria, the Czech Republic, Estonia, Germany, Poland, Spain, Türkiye, Great Britain, the United States of America and Japan.
• On May 31, 2022, the Ljubljana Stock Exchange organized an event titled "Trade on the Exchange" in order to promote the Slovenian capital market to the general public, and was visited by more than 550 visitors.
• On June 8, 2022, the annual education for issuers was held, co-organized by HANFA, the CDCC and the Zagreb Stock Exchange. The online education gathered more than a hundred representatives of companies listed on the Zagreb Stock Exchange.
• On June 14, 2022, the Zagreb Stock Exchange held a General Meeting, where a decision was reached to reduce share capital in a regular procedure, by issuing to each shareholder 1 new ordinary registered share with a nominal value of HRK 10,00 for two shares outstanding. The share capital of Zagreb Stock Exchange was thus reduced from HRK 46,357,000 to HRK 23,178,500.

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• On June 15, 2022, the Zagreb Stock Exchange hosted an investor presentation for the company FIRENDLY FIRE as part of their Funderbeam SEE campaign.
• On June 24, 2022, the Zagreb Stock Exchange acquired an additional 199 shares of Macedonian Stock Exchange, increasing its stake in the company to 17.05%.
• On June 27, 2022, a new version of the Xetra T7 10.1 trading system was released into production. The migration was completed without difficulty.
• On July 8, 2022, the Zagreb Stock Exchange acquired an additional 138 shares of Macedonian Stock Exchange, increasing its stake in the company to 21.99%.
• On July 18, 2022, the Zagreb Stock Exchange acquired an additional 77 shares of Macedonian Stock Exchange, increasing its stake in the company to 24.75%.
• On July 19, 2022, the Zagreb Stock Exchange hosted an investor presentation for the company MOBILITY ONE as part of their Funderbeam SEE campaign.
• On August 18, 2022, the Zagreb Stock Exchange acquired an additional 146 shares of Macedonian Stock Exchange, increasing its stake in the company to 29.98%.
• On August 31, 2022, the Ljubljana Stock Exchange, in cooperation with Interkapital Securities, organized a webcast titled "Slovenian listed companies online", where the issuers listed on the Prime Market segment had an opportunity to present themselves to investors.
• On September 7, 2022, the investment conference "Prime plus" of the Zagreb Stock Exchange was held at which investors were introduced to all issuers listed on the Prime Market of the Zagreb Stock Exchange. As part of this conference, the Zagreb Stock Exchange also presented itself as an issuer.
• On September 27, 2022, the Ljubljana Stock Exchange organized an event titled "Alternative sources of financing".
• On September 27, 2022, in compliance with the Capital Market Act and the Rules of the Exchange, and in accordance with the Decision of the General Meeting of Zagreb Stock Exchange which authorized the Management Board to acquire own shares in a 5-year period from the date of the Decision, the Zagreb Stock Exchange notified the public on initiation of the Share Buy-back Program starting October 3, 2022 and lasting until October 2, 2023.

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• On October 3, 2022, Zagreb Stock Exchange initiated the Share Buy-back Program.
• On October 3, 2022, the Ljubljana Stock Exchange organized an event titled "Ring the Bell for Financial Literacy" which marked the International Investor Week.
• On October 26, 2022, the Ljubljana Stock Exchange organized an online event titled "Trade on the Exchange - Vol. 2".
• From October 12 to 14, 2022, the Conference "Challenge of Change" was held in Dubrovnik organized by the Zagreb Stock Exchange and the Association of Pension Fund Management Companies and Pension Insurance Companies.
• On October 12, 2022, the Zagreb Stock Exchange hosted an investor presentation for the company KOYKAN as part of their Funderbeam SEE campaign.
• On November 30, 2022, the Zagreb and Ljubljana Stock Exchanges co-organized the annual Investor Days - CEE Investment Opportunities, Winter Edition, which has been taking place since 2014, with the aim of connecting investors and analysts with renowned companies listed on both exchanges.
• On November 30, 2022, the Ljubljana Stock Exchange awards were presented.
• On December 9, 2022, the Zagreb Stock Exchange Awards were presented.
• By the end of 2022., the Zagreb Stock Exchange had finished all preparatory activities for the introduction of the euro as the official currency from January 1, 2023.

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