GORENJE, d.d., Velenje

Supervisory Board confirms call of meeting for increase of the share capital of Gorenje

Notice of the 5th Meeting of the Supervisory Board, Gorenje, d.d.

The Supervisory Board of Gorenje, d.d., at its 5th Meeting supported the proposal of the Management Board to call the Shareholder's Meeting. Based on the material for Shareholder's Meeting, the Supervisory Board has discussed the proposal for amendments to the company's Articles of Incorporation prompted by the amended Corporations Act and incorporation of the no-par value shares and bringing in line the core-business of the company. The Supervisory Board also supported the proposal of the Management Board for increasing the share capital by means of authorised capital, meaning that the share capital be increased up to 50 % of the share capital within the following five years.

The call of a Meeting which will be held on 12 December 2006, will be announced on Friday, 10 November 2006. The public will be informed of the details of the planned increase of capital.

The Management Board of the company and the members of the Supervisory Board firmly believe, that in order to pursue the goals of the Strategic Plan of the Gorenje Group by 2010, which forecasts at least 50 % growth of business operations, the increase in capital is indispensable. This involves internal as well as external growth, followed by increased growth of the equity capital.


As from the date of announcement, this announcement will also be published on the web site of Gorenje, d.d., www.gorenje.com.

Date: 8. 11. 2006