GRV05

Release of information about the new issue of Gorenje corporate notes - May 11, 2017

In relation to the company's public announcements dated April 6, 2017, April 14, 2017, and May 3, 2017, the company Gorenje d.d., Velenje (hereinafter also referred to as the Company or the Issuer), hereby informs the public that it has issued 5-year corporate notes with a fixed interest rate of 2.45% p.a. and total nominal value of EUR 19.5 million. The notes were issued in dematerialized form by registration to the note holders' accounts with the KDD (Central Securities Clearing Corporation d.d., Ljubljana), in compliance with the KDD rules. In the first offering, the notes were subscribed and paid up by 63 investors. As agreed with certain major investors who, for procedural reasons, were not able to subscribe and pay up the corporate notes by the subscription deadline, the Issuer shall start immediately after the issue of corporate notes the procedures for increase of the total nominal value of notes, thus allowing these investors to acquire the notes as well. After the planned increase of the corporate note issue, the Issuer will file with the Securities Market Agency a request for approval of the presentation document for regulated trading with the notes. When the decision on the approval of presentation document is issued, the notes will be listed on the regulated market of the Ljubljana Stock Exchange (Ljubljanska borza vrednostnih papirjev d.d., Ljubljana).

As a part of the procedure for the issue of corporate notes, the Issuer has also signed with some foreign investors draft agreements (or indicative offers) on direct financing via other financial instruments (Schuldschein loan). Based on these agreements, the Issuer expects to obtain debt financing under the terms comparable to the terms of the issued corporate notes, in the amount that is at least equivalent to the initially planned total nominal value of the corporate note issue.

The company Gorenje d.d. will use the funds raised by the issue of corporate notes with the symbol GV02 for further improvement of average maturity of financing sources, support to pursuit of the Gorenje Group 2016–20 Strategic Plan through planned growth of operations and further improvement of structure of sales (particularly in the segment of premium and innovative appliances), refinancing of a part of long-term financial sources, and finance expense optimization. With the second issue of corporate notes, Gorenje Group will further diversify its financing sources. Following the issue, debt financing in capital markets amounts to over EUR 103 million (EUR 63.3 million of long-term notes and EUR 40 million of commercial paper), which accounts for more than one quarter of the Group's total financial liabilities.

Gorenje d.d. authorized the company Nova Ljubljanska banka d.d., Ljubljana, for professional consulting and services with regard to the issue and offering of the corporate notes.

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

Admission of commercial paper GRV05 issued by Gorenje, d.d., to trading on the regulated market - January 31, 2017

Gorenje, d.d., hereby announces that it has successfully completed the offering of commercial paper. Commercial paper with the identification code GRV05 has a 1.30% interest rate. Total nominal value of the issue amounts to EUR 40.0 million.

Gorenje, d.d., has applied for the admission of the commercial paper subscribed to trading on the regulated market of the Ljubljana Stock Exchange.

The purpose of the commercial paper issue is to diversify the short-term financing sources, financing of operations with a pronounced seasonal dynamic, and optimization of financing costs.

More information regarding the commercial paper is available in the attached document.

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

Successful issue of commercial paper confirms investor confidence in the Gorenje Group - January 25, 2017

In order to obtain funds for seasonal financing of its operations, Gorenje, d. d., successfully completed its fifth consecutive issue of commercial paper in the amount of EUR 40.0 million. The commercial paper with start of interest accrual period on January 24, 2017, and date of maturity on December 22, 2017, has the lowest interest rate to date, at 1.30 percent p.a. The issue contributes to the efforts to further cut Gorenje Group's finance expenses, and the substantial interest in commercial paper reaffirms investor confidence in Gorenje.

Commercial paper with the symbol GRV05 shall be registered, issued in dematerialized form in the central register of dematerialized securities kept by the KDD (Central Securities Clearing Corporation), in denominations of EUR 1,000, and it shall be freely transferable. The liabilities arising from commercial paper are backed by Gorenje's entire property; there is, however, no separate underlying collateral. Commercial paper will be traded in the regulated market of the Ljubljana Stock Exchange. In the first subscription round, commercial paper was subscribed and paid for by 74 investors, in the combined total amount of EUR 59.5 million. Due to excessive subscription, commercial paper was allocated proportionally to all subscribing investors who thus paid in the commercial paper in total nominal value of EUR 40.0 million.

Several financial institutions, enterprises, and individual investors have demonstrated their confidence in Gorenje by subscribing the GRV05 commercial paper. The initially planned second round of subscription shall not take place as the entire amount of the issue has already been subscribed in the first round.

The purpose of the commercial paper issue is to diversify the short-term financing sources, financing of operations with a pronounced seasonal dynamic, and optimization of financing costs.

All services and activities regarding the organization and progress of the offering and issue of commercial paper in dematerialized form, registration in the central register of KDD, and listing in the regulated market, are rendered by the company Alta Invest, d.d.

Gorenje planning a fifth issue of commercial papers - January 13, 2017

Gorenje, d. d., is planning a fifth issue of commercial papers with expected issue size in the amount approximately up to EUR 40 million, with start of interest accrual date January 24, 2017 and maturity date December 22, 2017.

Gorenje will use the proceeds from the commercial papers issue for diversification of short-term financing, primarily for financing the seasonal operations, in accordance with the interim cash flow dynamics, and optimization of funding costs.

The company is presenting detailed information on the issue of commercial papers at the meetings with potential investors held on January 13, 2017 and on January 16, 2017.

Please find a presentation of Gorenje as the issuer and the issue of commercial papers attached herewith.

On behalf of Gorenje, activities regarding the issue and offering of commercial papers are managed by the company Alta Invest, d.d..

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