GORENJE, d.d., Velenje

Gorenje Management Board made an agreement with SKEI Union and with employees representatives

Velenje, Slovenia, 16 September 2009 - President of the Gorenje Management Board, Mr. Franjo Bobinac, president of the SKEI PS Gorenje, Mr. Žan Zeba, and the representatives of the group of the employees have after the all day of discussions made an agreement, that in the case of starting the normal production Tomorrow morning at 6 a.m., to employees in the production with the lowest wages the additional payment of EUR 150 net (high cost of living money) will be pay out.

They also agreed, that the Management Board, the representatives of the Union and the employees will continue with the discussion regards to the wages policy for the year 2009 and 2010 and to start with the 40-hour working week from October the 1st onwards, that means also the full payment of the wages for the 40-hour working week.

The Management Board obliged, that all mistakes by the calculation of wages for August are already corrected, and the difference was already paid yesterday. All the other eventual errors will be resolved with the individual discussion.

Further on, has the Management Board assured that that there will be no consequences and no pressures on the workers for the work break from the side of there superiors and that all of the agreed points are valid for all Gorenje production companies in Slovenia.

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, gorenje.com, at least 5 years from the date of the announcement.

Date: 17. 9. 2009