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July 2011

Friday, 29th July 2011, Velenje, Slovenia Agreement on sale of Gorenje's shareholding in Istrabenz Gorenje comes into force As all suspensive conditions have been met, the Agreement on disposal of Gorenje, d.d., 46.5507 percent stake in the energy engineering company Istrabenz Gorenje, d.o.o., is effective as of today, July 29th 2011. The buyer of Gorenje's shareholding is Petrol, d.d.

Friday, 8th July 2011, Velenje, Slovenia Gorenje Signs Memorandum of Association for the Energy Development Center

Gorenje signed on July 6th 2011 the memorandum of association for the Energy Development Center (EDC) which has already been awarded a EUR 11 million grant from the European Regional Development Fund; total investment will amount to EUR 23 million. By signing the memorandum, Gorenje became a 24-percent shareholder.

Friday, 8th July 2011, Velenje, Slovenia Gorenje signed EUR 100 million Schuldscheindarlehensvertrag with Deutsche Bank The company Gorenje, d.d., signed on the 5th July, 2011, two Schuldscheindarlehen (assignable loan agreements) with Deutsche Bank Aktiengesellschaft, acting as arranger and paying agent in the total amount of EUR 100 million. Schuldscheindarlehen is a loan instrument, used for many years in the German-speaking countries. In essence Schuldscheindarlehen is a bilateral loan, privately placed, unlisted and governed by German law.

Wednesday, 6th July 2011, København, Danska RedSet Laundrette by Gorenje at Roskilde Festival

Several thousand employees at the Roskilde music festival – running since 1971 in the small Danish town after which it’s named – put Gorenje's washers and dryers to the festival test on their workwear yet again this year.

Tuesday, 5th July 2011, Velenje, Slovenia Resolutions passed at the 16th Annual General Meeting of Gorenje, d.d. The Management Board of Gorenje, d.d., announces the resolutions passed at the 16th Annual General Meeting (AGM) of Gorenje.