GORENJE (GRV): Resignation of a Management Board member - raport 5

UNI - EN REPORT No5/2016

Pursuant to the provisions of the Rules and Regulations of the Ljubljana Stock Exchange, d.d., Financial Instruments Market Act (ZTFI), and the Corporate Governance Code of the Ljubljana Stock Exchange and Warsaw Stock Exchange, the company Gorenje, d.d., Velenje, hereby makes the following announcement:

Velenje, February 12, 2016 – At the 17th correspondence session, the Supervisory Board of Gorenje, d.d., was informed about the statement of resignation handed in by the Management Board member and Chief Sales Officer Marko Mrzel. The Supervisory Board accepted his resignation.

Marko Mrzel joined Gorenje Group in 2001. For the most part of his career, he was in charge of Gorenje's sales company in Belgrade, Serbia, where he lives with his family. He has been a Management Board member since 2011; for the last four years, he has been the Chief Sales Officer. He will perform his duties until February 29, 2016. His decision to resign is based on personal reasons and reasons related to his family. He will continue his business career outside Gorenje Group.

The Management Board will temporary continue to work with five members. Until the appointment of a new Chief Sales Officer, sales will be managed by Suad Hadžić, executive director of the Eastern European region.

Disclaimer: The English text for all announcements is for information purposes only!

The information included in this announcement will also be available at the official website of the company Gorenje, d.d., Velenje, at www.gorenjegroup.com, for a period of no less than 5 years from the date of announcement.

Gorenje, d.d., Management Board