GORENJE, d.d., Velenje

The level of orders lower by one quarter

The consequences of the crisis is more end more present by Gorenje. On the markets the situation is worsening constantly from the autumn last year. The demand for household appliances are dropping strongly, but we are trying to adopt our production. By this year our working week is long by 36 hours. But this is just one of the measures, based upon solidarity among employees.

In first two months of this year the level of orders is lower by 20 to 25 % compared to the same period of the last year. That's why is so important to implement all the accepted measures to face the crisis, like from the area of increasing the sales, management of the all financial and other risks, management of all kind of costs and assuring the positive net cash flow.

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

Date: 9. 2. 2009