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LUKA KOPER, d.d., Koper

Notice of Judicial Enforcement

On 22nd May 2013, Luka Koper d.d. received Enforcement Order No. 0284 I 86/20123 from Koper District Court in relation to the recovery of receivables by Mr Aldo Babič. This Order is made on the basis of the final ruling of the Koper Labour Court in case No. Pd 135/2012 of 9th July 2012, by way of which Luka Koper d.d. is bound to acknowledge Mr Babič, as creditor, all rights deriving from employment, including the calculation and remuneration of monthly salary from 15th July 2009 to 9th July 2012, as well as the payment of pertaining contributions and tax in relation to this amount. Luka Koper d.d. appealed against the ruling of the Koper Labour Court on the basis of an application for extraordinary remedy. Mr Babič’s claim, as per Enforcement Order No. 0284 I 86/20123, is in the net amount of € 480,877.34, minus a portion in the amount of € 104,965.87 which was paid to him by the company on 28th March 2013 - i.e. the amount which Luka Koper d.d. believes the applicant was entitled according to the judgement. Luka Koper d.d. has submitted an objection against the Enforcement Order as well as a proposal to postpone execution.

This enforcement procedure in relation to Luka Koper d.d. assets arises as a consequence of the dismissal of Mr Babič from his position as Deputy President of the Luka Koper Management Board on the grounds of culpability, consequent to which Mr Babič brought the lawsuit. The competent Labour Court has twice ruled in favour of Luka Koper d.d. with regard to this matter, but a third ruling - by this same court - was in favour of Mr Babič. A second instance Labour Court has endorsed this third ruling and it is now legally binding. As mentioned above, Luka Koper d.d. has filed an application for extraordinary remedy in relation to this case.

The Management Board
Date: 24.05.2013