Pursuant to relevant legislation, the company Poslovni sistem Mercator, d.d., hereby informs the shareholders and the public of the following:


The Management Board and the Supervisory Board of the company Poslovni sistem Mercator, d.d., headquartered at Dunajska cesta 107 in Ljubljana, hereby submit the Declaration of Compliance with the Corporate Governance Code for Publicly Traded Companies (hereinafter referred to as The Code, dated February 5th 2007) which constitutes a part of the Annual Report for the year 2009 and is available on the company website at www.mercator.si.

The statement relates to the period from January 1st 2009 to December 31st 2009.

The governance of the company Poslovni sistem Mercator, d.d., is based on legal provisions, sound business practice, and the principles of the Corporate Governance Code for Publicly Traded Companies. The Code (dated February 5th 2007) is available on the Ljubljana Stock Exchange website at www.ljse.si, in Slovenian and English language.

Management Board and Supervisory Board of the company Poslovni sistem Mercator, d.d., have reviewed the corporate governance at the company Poslovni sistem Mercator, d.d., and the Mercator Group, and the compliance thereof with the Code, and prepared a new statement which reflects the actual situation of corporate governance at the company Poslovni sistem Mercator, d.d., and the Mercator Group.

It was found that corporate governance at the company Poslovni sistem Mercator, d.d., and the Mercator Group is compliant with the provisions of the Corporate Governance Code for Publicly Traded Companies, except for a part of the provision in section 3.7.3. This provision of the Code will be fully complied with as of the end of 2010.


This announcement will be published on the company’s website at www.mercator.si as of April 22th 2010, and will remain posted for a period of at least five years.