Pursuant to the Rules of the Ljubljana Stock Exchange and Article158 of the Market in Financial Instruments Act, relating to the Article 17 of the Regulation (EU) No 596/2014, NLB d.d., Trg republike 2, 1000 Ljubljana announces:

On May 23, 2022 Nova Ljubljanska banka d.d., Ljubljana acquired additional 442,799 ordinary shares of NLB Komercijalna banka a.d. Beograd and combined with existing shareholding reached the ownership of 90.2155% of the basic capital and 91.7294% of shares with voting rights, effectively reaching the squeeze-out threshold as defined by Article 515 paragraph 1 of the Serbian Company Law. On May 24, 2022 Nova Ljubljanska banka d.d., Ljubljana has sent to NLB Komercijalna banka a.d. Beograd a request for the squeeze-out of all remaining shareholders.

NLB expects the squeeze-out to have neutral effect on profit and loss on Group level. Increasing ownership in NLB Komercijalna banka to the 100 % ownership is aligned with strategic ambitions of NLB Group and presents another indication of importance of Serbian market for NLB Group’s ambitions to become a regional champion.

This announcement will be available on the NLB's website (www.nlb.si) as of May 25, 2022 for a period of at least 5 years.