Pursuant to the provisions of the Companies Act (ZGD-1), the Market of Financial Instruments Act (ZTFI), the Ljubljana Stock Exchange Rules and the Corporate Governance Code for Joint Stock Companies, and in accordance with the provisions of the Code of Best Practice for WSE Listed Companies, the Management Board of Gorenje d.d., Partizanska 12, Velenje, Slovenia, hereby makes the following announcement:

Velenje, January 9, 2018 – At the 25th Shareholders Assembly of the company Gorenje d.d., the shareholders did not vote in favour of the proposal to replace the Gorenje Supervisory Board chairman Marko Voljč and Supervisory Board member Uroš Slavinec. Thus, the Supervisory Board shall continue its term of office, expiring in July this year, with the current line-up.

The company Gorenje d.d. convened the Shareholders Assembly upon request by the shareholders Home Products Europe B. V., Netherlands; Raiffeisenbank Austria d.d. and Splitska banka d.d., Croatia; and Unicredit Bank Hungary, Hungary; who proposed that the term of office of two Supervisory Board members be terminated and that two new members, Philip Sluiter and Robert Ličen, be appointed in their place. At the Shareholders Assembly, a total of 69.60% of all company shares bearing voting right were represented 55.262% of the present votes, or 38.422% of all shares bearing voting right, were against the proposal. Thus, the proposal to replace the Supervisory Board members was not adopted.

After the Assembly, President and CEO Franjo Bobinac commented: "We are pleased that the shareholders supported Gorenje's stable long-term development rather than partial interests of certain individuals. Major shareholders also delivered an important message with their votes as they supported the Supervisory Board and the Management Board, allowing them to finish their work. Operations in last year were very challenging and there is still a lot to be done to offset the exceptional growth of raw and processed material price growth. In light of long-term value creation for all our stakeholders, we have also approached the search for a future strategic partner with whom Gorenje Group could grow together and develop new products and services even faster."

Performance estimate for 2017 and the business plan for 2018 will be released after the discussion at the Supervisory Board session scheduled for January 12, 2018.

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.