Pursuant to the Rules of the Ljubljana Stock Exchange and Article 130 and 158 of the Market in Financial Instruments Act, and Article 296 of the Companies Act related to the Article 13 of the Articles of Association of NLB d.d., NLB d.d., Trg republike 2, 1000 Ljubljana, announces:

NLB announces the convocation of the 43rd General Meeting of Shareholders of NLB d.d., which will be held on 9th December this year, starting at 11 a.m. The meeting will be held both live (in the Cankarjev dom in Ljubljana) and as an electronic general meeting, taking place via the web portal. All interested stakeholders can find the proposed resolutions with clarifications and other materials and instructions for the General Meeting here. 

At the meeting, a decision will be made on the additional allocation of distributable profit for 2023. The NLB Management and Supervisory Boards propose to shareholders that dividends in the total amount of EUR 110 million, which is EUR 5.5 gross per share, be paid out on 17 December, 2024 to the persons who are registered as the Shareholders of NLB d.d. with the KDD - Central Securities Clearing Corporation, on the day that is 5 working days after the day of the General Meeting that adopted this resolution (16 December 2024, Cut-Off Date). 

This dividend pay-out will be the second one this year, following the pay-out of dividends in the same total amount of EUR 110 million or 5.5 gross per share on June 17, 2024. Together both pay-outs will amount to EUR 220 million from the profit generated in 2023, which represents a 100% increase from dividend payments made that year. The proposed EUR 110 million for the second tranche of a dividend payment from the profit generated in 2023 is not included in the capital base. Therefore, the payment will not affect the NLB Group capital ratios and will remain stable and high above the regulatory requirement after the dividend distribution. 

NLB Management and Supervisory Boards will also propose to shareholders that the remaining part of the distributable profit remains undistributed and represents retained earnings. 

This announcement will be available on the NLB's website (www.nlb.si) as of 24 October 2024 for a period of at least 5 years.