Monday, 19th April 2010, Velenje, Slovenia

37th Supervisory Board Meeting of Gorenje, d.d.

At the 37th meeting, held on 16 April 2010, the Supervisory Board of Gorenje, d.d., adopted audited Annual Report of Gorenje, d.d., and the Consolidated Annual Report of the Gorenje Group for the year 2009, and confirmed the proposal for the application of the balance-sheet profit for the year 2009. The Supervisory Board adopted the Report on the revision of Annual Report, which will be submitted to the Annual General Meeting. In accordance with the Financial calendar, will be the Annual Report published on Thursday, the 22nd of April 2010.

The Supervisory Board was also acquainted with the intention of IFC, Member of the World Bank, to take part in the capital increase of Gorenje, d.d. for the purpose of investing in growth and development. IFC is also prepared to participate in restructuring long-term debt of Gorenje, d.d. that will become due in the next two years. Restructuring of the long-term debt would be done with IFC’s own participation and with other banks that shall take part in restructuring process. By 26 April, 2010, the Management Board and the Supervisory Board will announce a call for the General Meeting of Shareholders that will decide about the capital increase. The Summary Proposal Investment (SPI) as well as Environmental and Social Action Plan (ESAP) and Environmental and Social Review Summary (ESRS) that base on due diligence review of Gorenje, d.d. and some of subsidiaries, made in February and March 2010, are published by IFC on the web site www.ifc.org under “IFC Projects/Disclosure”.

Disclaimer: All announcements in English language are only for information purposes!

Gorenje, d.d.,
The Management Board