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:

Velenje, February 24, 2017 – Gorenje announces that Dr. Peter Groznik is resigning from the company’s Management Board on February 28, 2017. Dr. Groznik tendered his resignation by mutual agreement and consensus of the Supervisory Board. We are sincerely grateful to Peter for his outstanding service and significant contributions, especially for his work in deleveraging and strengthening the financial position of Gorenje Group. We wish him all the best and hope to cooperate with him in the future.

Until the appointment of a new Board Member, the activities of CFO and ETIS business will be managed by Mrs Jožica Turk, Executive Vice President Corporate Finance.

Disclaimer: The English text for all announcements is for information purposes only!

The information included in this announcement will also 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.