Friday, 24th February 2017, Velenje, Slovenia

Resignation of a Management Board Member - February 24, 2017

Gorenje announces that Dr. Peter Groznik is resigning from the company’s Management Board on February 28, 2017. Dr. Groznik tendered his resignation by mutual agreement and consensus of the Supervisory Board. We are sincerely grateful to Peter for his outstanding service and significant contributions, especially for his work in deleveraging and strengthening the financial position of Gorenje Group. We wish him all the best and hope to cooperate with him in the future.

Until the appointment of a new Board Member, the activities of CFO and ETIS business will be managed by Mrs Jožica Turk, Executive Vice President Corporate Finance.

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