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GORENJE (GRV): End of Due Diligence Period

UNI - EN REPORT No23/2016

Pursuant to the provisions of the Code of the Warsaw Stock Exchange, Rules and Regulations of the Ljubljana Stock Exchange (Ljubljanska borza, d.d., Ljubljana) and the relevant legislation, the company Gorenje, d.d., Velenje, hereby makes the following announcement:

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Further to the prior public announcement on Monday 25th July 2016 that a due diligence process is being undertaken on Gorenje by Panasonic Corporation, Gorenje can now confirm that the due diligence period finished on Friday 30th September 2016 as was previously guided.

As envisaged by the legal documents that were entered into between Gorenje and Panasonic Corporation on 13 July 2016, Panasonic Corporation is now evaluating its potential next steps. Any subsequent announcements will be made by 30th November 2016. These activities may or may not lead to Panasonic Corporation’s decision to launch a bid to increase its shareholding in Gorenje, but no decision on entering into any transaction has been made yet.

The management of Gorenje continues to act in the best interests of the company.

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

The information included in this announcement will 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

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