GRV04

Admission of commercial paper GRV04 issued by Gorenje, d.d., to trading on the regulated market

Gorenje, d.d., hereby announces that it has successfully completed the offering of commercial paper. Commercial paper with the identification code GRV04 has a 2.00% interest rate. Total nominal value of the issue in the first round amounts to EUR 28,908,000. Commercial paper will also be offered in the second subscription round from February 10, 2016, to December 1, 2016, up to the total nominal issue amount of EUR 35 million.

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

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.

More information regarding the commercial paper, second round of subscription, and subsequent sale 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

In order to obtain funds for seasonal financing of its operations, Gorenje, d. d. has successfully completed its fourth consecutive issue of commercial paper, of EUR 28.9 million. The commercial paper, with the start of its interest accrual period on February 3, 2016, and date of maturity on December 22, 2016, has the lowest interest rate to date, at 2.00 percent p.a. This year's issue is a significant contribution to the efforts to cut Gorenje Group's finance expenses, and the solid interest in commercial paper reaffirms investor confidence in Gorenje.

Commercial paper with the symbol GRV04 shall be registered, issued in dematerialized form with 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. The commercial paper will be traded in the regulated market of the Ljubljana Stock Exchange. In the first subscription round, commercial paper was subscribed to and paid for by 62 investors, in the combined total amount of EUR 28,908,000. Several financial institutions, enterprises, and individual investors have demonstrated their confidence in Gorenje by subscribing to the GRV04 commercial paper. After today's issue, the commercial paper will be available for subscription in the second subscription round from February 10, 2016, to December 1, 2016, up to the final total nominal issue amount of EUR 35 million.

The purpose of the issue of commercial paper is to diversify the sources of short-term financing and especially seasonal financing of operations, consistently with the annual cash flow dynamics, and to optimize the finance expenses.

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

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

Gorenje planning a fourth issue of commercial papers

Gorenje, d.d., is planning a fourth issue of commercial papers with expected issue size in the amount approximately up to EUR 30 million, with start of interest accrual date February 3, 2016 and maturity date December 22, 2016.

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 a meeting with potential investors held today, January 18, 2016.

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 NLB d.d.

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