ANNUAL REPORT 2008 - Gorenje Group

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• On 16 January 2008, Gorenje, d.d. established GORES, d.o.o., a real estate management
company.
• On 16 January 2008, Gorenje, d.d. established GORENJE PROJEKT, inženiring,
d.o.o. and is the full (100%) owner of this company.
• On 31 March 2008, Istrabenz Gorenje, d.o.o. established the company Vitales Nova
Gorica, d.o.o., whose principal activity is trading in refined biomass.
• On 16 April 2008, Gorenje, d.d. sold its 100% ownership share in Gorenje Imobilia
d.o.o. and GORES, d.o.o..
• On 22 April 2008, an agreement was signed on the acquisition of a share in Avtomatizacija,
d.o.o.. Following its entry in the court register, the company was renamed
Istrabenz Gorenje Avtomatizacija procesov, d.o.o., and is fully (100%) owned by
Istrabenz Gorenje, d.o.o..
• On the basis of a share transfer agreement concluded on 25 April 2008, Gorenje,
d.d. purchased a 26-percent share in ECONO Projektiranje, d.o.o. from the company
ERICo, d.o.o.
• On 2 May 2008, Gorenje, d.d. sold its 100% ownership share in Gorenje Adria Nekretnine,
d.o.o. to the company GORES, d.o.o..
• Pursuant to an agreement on the purchase of a 100% share in the Dutch company
ATAG Europe B.V. concluded on 10 June 2008 with the seller Home Products Europe
B.V., Gorenje, d.d. paid part of the purchase price in the form of own shares on
26 June 2008. Pursuant to the previously mentioned agreement and in line with the
resolution of the General Meeting of Shareholders adopted on 4 July 2005, Gorenje,
d.d. alienated 1,070,000 of its own shares bearing the designation GRVG in favour
of Home Products Europe B.V., which represents 7.6265% of all voting rights in
Gorenje, d.d.. At the time of share disposal, the price of the GRVG share amounted to
€36.83, which is equal to the half-year average daily price of shares on the Ljubljana
Stock Exchange. In accordance with the agreement of 27 June 2008, Gorenje, d.d.
has a controlling influence over the entire business operation of this company as of
1st July 2008. As of this date, the Company is obliged to include the acquired company
in the consolidated financial statements of the Gorenje Group.
• Gorenje Notranja oprema has, with the purchase of a capital share in the company
Radolad from Kiev and a subsequent, contractually agreed capital increase in the
said company, acquired a 70% ownership share in the company and changed its
name to Gorenje Kuhinje Kiev.
• On the basis of a paid cash contribution, Istrabenz Gorenje, d.o.o. acquired a 50%
share in ING Projekt, d.o.o. by Decision of the District Court of Ljubljana, no. Srg
2008/24505 of 3 July 2008. Under the same decision, the company was renamed
to ISTRABENZ GORENJE PROJEKT, svetovanje, projektiranje, inženiring, d.o.o..
• On 22 July 2008 the registration procedure of the company Gorenje Kazakhstan
TOO was completed. The company is fully (100%) owned by Gorenje Beteiligungsgesellschaft
mbH.
• In line with a resolution adopted by the Supervisory Board on 16 July 2008, the
Istrabenz Gorenje Group was expanded to include the company BPC, d.o.o..
• Gorenje, d.d. sold its 100% share in GORES, d.o.o. by the conclusion of a share sale
agreement signed on 22 August 2008. By virtue of this agreement, GORES, d.o.o.
and the companies Gorenje Imobilia d.o.o. and Gorenje Adria Nekretnine are no
longer members of the Gorenje Group.