Pursuant to the provisions of the Rules and Regulations of the Ljubljana Stock Exchange, d.d., Financial Instruments Market Act (ZTFI), and the Corporate Governance Code of the Ljubljana Stock Exchange and Warsaw Stock Exchange, the company Gorenje, d.d., Velenje, hereby makes the following announcement:

Gorenje, d. d., is planning a fifth issue of commercial papers with expected issue size in the amount approximately up to EUR 40 million, with start of interest accrual date January 24, 2017 and maturity date December 22, 2017.

Gorenje will use the proceeds from the commercial papers issue for diversification of short-term financing, primarily for financing the seasonal operations, in accordance with the interim cash flow dynamics, and optimization of funding costs.

The company is presenting detailed information on the issue of commercial papers at the meetings with potential investors held on January 13, 2017 and on January 16, 2017.

Please find a presentation of Gorenje as the issuer and the issue of commercial papers attached herewith.

On behalf of Gorenje, activities regarding the issue and offering of commercial papers are managed by the company Alta Invest, d.d..

Disclaimer: The English text for all announcements is for information purposes only!

The information included in this announcement will also be available at the official website of the company Gorenje, d.d., Velenje, at www.gorenjegroup.com, for a period of no less than 5 years from the date of announcement.