Pursuant to the Rules of the Ljubljana Stock Exchange and Article 130 and 158 of the Market in Financial Instruments Act, and Article 296 of the Companies Act related to the Article 13 of the Articles of Association of NLB d.d., NLB d.d., Trg republike 2, 1000 Ljubljana, announces:

NLB announces the convocation of the 44th General Meeting of shareholders of NLB d.d., which will be held on Monday, 16 June this year, starting at 11 a.m. At the upcoming General Meeting shareholders will, among other things, acknowledge the NLB Group Annual Report for 2024, decide on the allocation of distributable profit from the previous year, and re-elect the existing member of the NLB Supervisory Board.

The General Meeting will be held both live in Ljubljana’s Cankarjev dom, with registration starting at 10:30 a.m., and as a virtual General Meeting without the shareholders being physically present as they can instead attend the meeting via the web portal. Registration allowing them to access the digital environment will start at 10 a.m.

The GM will decide on the dividend pay-out

NLB continues to deliver on its promise of creating substantial value for its shareholders. In 2025 the bank retains 50% from 2024 profit for year-end capital ratio, meaning that 50% of 2024 profit or EUR 257 million are available for distribution in 2025 – an increase of 17% in dividend payout. As in the previous years, NLB proposes that the distribution be made in two tranches in 2025, subject to no material M&A activity becoming actionable.

At the General Meeting on 16 June, shareholders will, therefore, vote on the proposal by the NLB Management and Supervisory Boards that dividends in the amount of EUR 128,600,000.00, which is EUR 6.43 gross per share, be paid out on 24 June 2025 to the persons who are registered as the shareholders of NLB d.d. with KDD – Central Securities Clearing Corporation, on the day that is five working days after the day of the General Meeting that adopted this resolution (23 June 2025, Cut-Off Date).

The second tranche in the same amount is expected to be submitted for approval at the General Meeting taking place towards the end of this year.

A member to the Supervisory Board expected to be re-elected

The proposal that Islam Osama Bahgat Zekry, whose mandate expires in 2025, be re-appointed as member of the Supervisory Board of NLB d.d. for another term of office, will be another item voted on by shareholders at the upcoming General Meeting.

Zekry, CIB’s Group Chief Finance and Operations Officer, and a member of the Telecom Egypt Board, has been on the NLB Supervisory Board since 2021. He is a member of the Operations and IT Committee, Nomination Committee and Remuneration Committee. His insights and contributions in the fields of understanding of the banking technology of the future are priceless for the NLB Group, explaines NLB Supervisory Board to the General Meeting.

The Supervisory Board also consists of its Chairman Primož Karpe, his deputy Shrenik Dhirajlal Davda, Cvetka Selšek, André-Marc Prudent-Toccanier, Mark William Lane Richards, Luka Vesnaver, Natalia Olegovna Ansell, and two employee representatives, namely Tadeja Žbontar Rems and Sergeja Kočar.

Various Policies and Reports to be discussed

At the General Meeting, the shareholders will also discuss a variety of reports and policies, amongst other things the further improved Remuneration Policy for the Members of the Supervisory Board of NLB d.d. and the Management Board of NLB d.d., Policy on the provision of diversity of the management body and senior management in NLB d.d., Policy on the selection of suitable candidates for members of the Supervisory Board in NLB d.d. and changes to Determination of payment to members of the Supervisory Board of NLB d.d. and its committees.

The proposed resolutions together with clarifications and other materials and instructions are available to all interested stakeholders here.

This announcement will be available on the company's website (www.nlbgroup.com) as of 25 April 2025.