Board Statement

This statement and the disclosure of deviations and their explanations relate to the provisions of the Corporate Governance Code for Joint Stock Companies, which was jointly phrased and adopted by the Ljubljana Stock Exchange, Inc., Ljubljana, the Association of Supervisory Board Members of Slovenia, and the Managers' Association of Slovenia on 18 March 2004, which agreed on and adopted amendments thereto on 14 December 2005 and on 5 February 2007. The Code is accessible on the website of the Ljubljana Stock Exchange (www.ljse.si) in the Slovene and English languages.

The contents of this Statement comprise the period from the adoption of the previous Statement of Compliance with the Corporate Governance Code for Joint Stock Companies, i.e. from April 24 2008 to 23 April 2009, when its contents were jointly phrased and adopted by the Management Board and the Supervisory Board of Gorenje, d.d.