Pursuant to the provisions of the Rules of the Ljubljana Stock Exchange and the valid legislation, Telekom Slovenije, d.d., Cigaletova 15, Ljubljana, hereby publishes the following notification:

At its 7th regular meeting on Wednesday, 12 May 2021, the Supervisory Board of Telekom Slovenije, d.d., reviewed Unaudited Business Report of the Telekom Slovenije Group and Telekom Slovenije, d.d., for the period between January and March 2021.

In the first three months of this year, Telekom Slovenije Group generated EUR 156.8 million in net sales, while its total operating revenue amounted to EUR 157.5 million, in accordance with plans. The COVID-19 pandemic still has an effect on the Group’s operations. Because of obstacles to travel, compared to the same period last year (the pandemic was declared in mid-March 2020), revenues are lower from users roaming in the networks of foreign operators, from foreign users roaming in Telekom Slovenije’s mobile network, and the revenue from international voice services, as well as revenues from IT licenses. The group is constantly adopting numerous measures to mitigate the negative impacts of the pandemic on the revenue, cost and investment sides.

In the first three months of this year, Telekom Slovenije Group’s earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at EUR 55.7 million, which is 7% above plans, and 3% below the results from the same period of last year. The EBITDA-to-sales ratio at the Telekom Slovenije Group level was 35.5%, while in the same period last year it stood at 34.4%.

In the period from January to March 2021, earnings before interest, taxes (EBIT) amounted to EUR 14.0 million. Following the calculation of corporate income tax with deferred taxes, the Telekom Slovenije Group completed the first quarter of 2021 with a net profit of EUR 9.7 million.

In the first 3 months of 2020, Telekom Slovenije Group set aside EUR 43.2 million for investments.

At the meeting, the Supervisory Board of Telekom Slovenije, d.d., approved appointing Supervisory Board members of the subsidiary GVO, gradnja in vzdrževanje telekomunikacijskih omrežij, d.o.o. (GVO, d.o.o.). Dr. Mitja Štular, Management Board member of Telekom Slovenije, d.d., and Sabina Merhar, Financial Sector Director of Telekom Slovenije, d.d., have been appointed Supervisory Board members for four-year terms that begin on the date the new Articles of Association of GVO, d.o.o., are entered into the register of companies. The employee representative Supervisory Board member shall be appointed by the Works Council of GVO, d.o.o.

The announcement will also be available on the company’s website (www.telekom.si) for a period of at least 10 years.