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GORENJE, d.d., Velenje

Gorenje appoints advisors for its search of a strategic partner

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:

As publicly announced on November 9, 2017, Gorenje Group is embarking on an active search of a suitable strategic partner who would back the Group in its long-term and sustainable growth and development, which could also lead to such partner's participation in the company's ownership structure. To support these activities, Gorenje Management Board appointed at its yesterday's session Rothschild S.p.A., Italy, part of the reputable international investment bank Rothschild & Co, as its financial advisor, and the law firm Jadek & Pensa of Ljubljana for legal support in the process.

Activities will be presumably completed by the end of the third quarter of 2018. Gorenje will release more details in case of any specific further steps or if the activities are completed.

The information included in this announcement will 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.

Gorenje, d.d.,
The Management Board
Date: 29.11.2017