In accordance with the provisions of the Code of Best Practice for WSE Listed Companies, the Ljubljana Stock Exchange Rules, and the applicable legislation, the company Gorenje, d.d., is publishing the following announcement:

Velenje, 21 April 2017 - At its meeting today the Supervisory Board reviewed and approved the audited Annual Report of the Gorenje Group and its parent company for the year 2016. The Annual Report of the Gorenje Group for the year 2016, being the first to comply with the guidelines of the International Integrated Reporting Council – IIRC, will be published on Monday, 24 April, in accordance with the company’s financial calendar.

The Supervisory Board named Žiga Debeljak as the new Management Board member for Corporate Finance, Ecology, Trade and Industrial Services. He will come into office on 1 May 2017, with his term expiring on 19 July 2018. Debeljak was previously a member of the Management Board of the Gorenje Group, responsible for Finance and Economics, from 2003 to 2005. He returned to the Gorenje Group in 2012 and was Senior Vice President for International Business Development, the Managing Director of Gorenje holding companies in Austria and the Netherlands as well as the Chief Digital Officer. As a member of the Management Board, Debeljak will continue to coordinate the Gorenje Group's digital transformation activities as its Chief Digital Officer.

Additionally, the members of the Supervisory Board were informed of the establishment of the GRVG Shareholder Association. The Supervisory Board supports the activities undertaken by minority shareholders of Gorenje to promote an even greater transparency of information.

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

The information in this announcement will be available on the official web site of the company Gorenje, d.d., Velenje, Slovenia, www.gorenjegroup.com, for at least 5 years from the date of this announcement.