The remaining EUR 3.1m of the profit for 2011 will stay

undistributed.

Gorenje CEO Franjo Bobinac said he was glad that the

proposals by the management and the supervisors had been backed by the

shareholders.

The management has this year decided to pay out

dividends for the first time since 2008, as Gorenje has been in the black

for the past couple of years, he noted.

Bobinac expects positive

financial effects from the moving of production in the relation

Sweden-Slovenia-Serbia. He asserted that the number of employees in

Gorenje's base in Velenje would not be decreased.

The CEO also said

that Gorenje would make the decision on the moving of production from its

Swedish subsidiary Asko to Velenje on Friday. He said he expected the

government to be equally encouraging of both domestic and foreign

investments.

The shareholders granted a discharge to the management

and the supervisory board for the 2011 business year and named KPMG as

auditor for this year.