Pursuant to the Rules and Regulations of the Ljubljana Stock Exchange, d.d, and the relevant legislation, the company Poslovni sistem Mercator, d.d., hereby informs the shareholders and the public of the following:

Today, on its 5th meeting, the Supervisory Board appointed Mr. Toni Balažič as a new president of the Management Board of the company Poslovni sistem Mercator, d.d., for a five-year term beginning on June 1, 2012. On a basis of his resignation Supervisory Board discharged Mr. Žiga Debeljak as the president of the Management Board effective on May 31, 2012. After May 31, 2012 Mr. Žiga Debeljak will be advisor to the president of the Management Board until September 30, 2012.

This announcement will be published on the company’s website at www.mercator.si as of May 18, 2012, and will remain posted for a period of at least five years.