Rome, Velenje, 28 July 2010 – Yesterday, Gorenje concluded a contract on the acquisition of a 100 percent ownership stake in Sweden based company Asko Appliances Group. The acquisition of the top-level Swedish provider of household appliances is a strategic match. Several important synergies are achieved for both companies with the possibility of a faster growth. Gorenje is thereby realising its strategy as a fast growing pan-European player.

Today, the constitutive meeting of the new Supervisory Board of Gorenje, d.d., was held and started its four year mandate. Mr. Uroš Slavinec was elected as chairman of the Supervisory Board, deputy chairmen became Mrs. Dr. Maja Makovec Brenčič in Mr. Krešimir Martinjak. The Audit Committee was appointed as follows: Keith Miles, president, Drago Krenker, member, and Mag. Sc. Aleksander Igličar, expert in auditing and member. Mandate of an audit committee is to be till the end of the term of office of the Supervisory Board of the Company, i.e. on the 19th of July 2014.

The company Gorenje, d.d., increased the stake in the company Gorenje Surovina, d.o.o. On 12 July 2010, Gorenje, d.d., purchased from Probanka, d.d., a 21.44% stake in the company Gorenje Surovina, d.o.o., Maribor, that effectively translates into 72.44% of total stake in Gorenje Surovina. With this purchase Gorenje is continuing the strategy of strengthening its role in the area of environmental protection, which is in accordance to the implementation of the directive on the recycling of electronic and electrical waste (WEEE Directive).