GORENJE GOSPODINJSKI APARATI D.D. Announcement of the start of procedure for increase of share capita

Podstawa prawna: In accordance with the provisions of the Code of Best Practice for WSE Listed Companies, the Ljubljana Stock Exchange Rules, and the applicable legislation, the company Gorenje, d.d., hereby makes the following announcement:

Pursuant to Article 386 of the Financial Instruments Market Act (ZTFI), the company Gorenje, d.d., Partizanska cesta 12, 3320 Velenje (hereinafter: the Company), hereby informs the public that it has launched a capital increase procedure based on authorized capital, by non-cash contributions, based on the resolution of the 20th Shareholders Assembly of the Company, dated August 23, 2013. In this respect, the Company signed on June 10, 2014 with Gorenjska banka, d.d. (hereinafter referred to as the Bank), as one of the Company creditors providing a loan as at the day of the 20th Shareholders Assembly, a letter of intent by which the Bank expressed its basic interest for the subscription and payment of presumably 1,315,166 newly issued shares based on authorized capital.

In the process of capital increase by non-cash contributions, based on authorized capital, the Company will seek to increase its share capital by up to EUR 9,681,964.61, or 2,320,186 newly issued shares, as specified in the Shareholders Assembly resolution dated August 23, 2013.

Pursuant to the resolution of the 20th Shareholders Assembly, the final decision on the debt to equity swap shall be approved by the Supervisory Board of Gorenje, d.d.; the process of increase of share capital by non-cash contributions (entry of the change of Articles of Association into the court register - change of share capital) has to be completed by October 4, 2014.

At the Shareholders Assembly held on August 23, 2013, Gorenje shareholders approved the option of three increases of share capital. The first capital increase, which included the Panasonic Corporation, and the second capital increase that took place in Slovenia and in Poland and which included the existing shareholders, new investors, and employees, were successfully completed in 2013, resulting in the Company raising nearly EUR 27 million of fresh capital.

Disclaimer: All announcements in English language are only for information purposes!

The information of this announcement will be available on the official web site of the company Gorenje, d.d., Velenje, Slovenia, www.gorenje.com, at least 5 years from the date of the announcement.

Gorenje, d.d.,

The Management Board

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