Based on the regulations of the Ljubljana Stock Exchange and the legislation in force, the company Gorenje, d.d., is publishing the following announcement:

The Management Board of the company Gorenje, d.d., hereby informs the public that yesterday, on 16^th November, the capital increase procedure (secondary equity offering) ended. The payments didn’t reach the required 70-percent threshold therefore the capital increase procedure wasn't successful. In accordance with the Public Offer Prospectus from 9^th September 2010, all the shareholders that subscribed and paid for the new shares shall be refunded their payments without interest within 15 days after the capital increase closure, i.e. till 1^st December 2010.

As the 2010 Business Plan and the Gorenje Group Strategic Plan for the period 2010 - 2013 do not include or rely on the effects of this fall's equity offering, further business activities will not be hindered or in any way affected by its outcome.

Disclaimer: All announcements in English language are only for information purposes!

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