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GORENJE, d.d., Velenje

Agreement on sale of Gorenje's shareholding in Istrabenz Gorenje comes into force

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

As all suspensive conditions have been met, the Agreement on disposal of Gorenje, d.d., 46.5507 percent stake in the energy engineering company Istrabenz Gorenje, d.o.o., is effective as of today, July 29th 2011. The buyer of Gorenje's shareholding is Petrol, d.d.

The Agreement on the sale of the stake was signed on June 20th 2011. Suspensive conditions specified in the Agreement were met by the stipulated deadline. Istrabenz Gorenje shareholders confirmed the sale at their Shareholders Assembly which took place today.  

Gorenje's divestment of interest in Istrabenz Gorenje is consistent with the Group's divestment plan.

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.

Gorenje, d.d., Management Board
Date: 29.07.2011