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:

Representatives of the Management Board and the representative trade union at Gorenje continue their negotiations on the comprehensive overhaul of the company collective labour agreement. Through constructive dialogue, the two negotiation task forces have brought their positions on outstanding issues much closer together; however, they have not yet been able to fully agree on the final version of the new collective labour agreement's wording by the previously set deadline. Both the employer and the trade union agree that quality and efficient update of the company collective labour agreement is essential for the company's further development. Therefore, they agreed to complete their negotiations by the end of May 2018.

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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.