GORENJE, d.d., Velenje

The Supervisory Board adopted the Annual Report for the Year 2004. Very satisfying business performance: record-breaking volume of Gorenje Group incomes and net profit in the Year 2004.

20th Supervisory Board Meeting of Gorenje, d.d.

At the meeting, held on April 11, 2005, the Supervisory Board of Gorenje, d.d., adopted audited Annual Report of Gorenje, d.d. and the Consolidated Annual Report of the Gorenje Group for the Year 2004, and confirmed the proposal for the application of the balance-sheet profit for the year 2004. The Supervisory Board has valuated the business performance as very satisfying, on account of record-breaking volume of the Gorenje Group incomes and net profit. The Supervisory Board adopted the Report on the revision of Annual Report, which will be submitted to the Annual General Meeting.

The Supervisory Board Report of the company, the Summary of the Annual Report for the Year 2004 and the Annual Report in Slovene language, were published at the SEOnet electronic system on April 12, 2005.

At the meeting, on April 11, 2005, the Supervisory Board was briefed on the letter of resignation submitted by Mr. Tomaž Kuntarič, Member of the Supervisory Board and Deputy Chairman of the Supervisory Board of the company. From the April 1, 2005 is Mr. Tomaž Kuintarič employed as a senior advisor, responsible for the Corporate Governance in the company Gorenje, d.d.

Date: 13. 4. 2005