Reporting a 4% year-on-year drop in sales revenues for the group to EUR

789m and an EBITDA increase from EUR 44m to EUR 48m, Zadravec said the

indebted group was successfully implementing its business strategy

following an agreement with all stakeholders.

He said Engrotuš had

increased sales revenues by EUR 6m to EUR 645m and saw an improvement on

strategic markets abroad, increasing revenues in Bosnia-Herzegovina by 5%

and sales in Macedonia by 19%.

Five new shopping centres are planned

in Bosnia this year, two of which have already opened, Zadravec told the

press in Celje.

Tušmobil, Slovenia's no. 3 mobile operator, which

had been considered for sale following the offloading of the fuel retail

division Tuš Oil, meanwhile increased its market share in Slovenia from

7.9% to 10.1%.

With 220,000 users it is the fastest growing Slovenian

mobile operator, Zadravec said about the company, which increased its

EBITDA from zero to EUR 2.7m in 2011 despite a EUR 6m drop in net sales to

EUR 64m.

He said that the capital structure of the Tuš group, which

employs 4,300 people, was significantly more stable than ever before and

that all commitments to banks were being met.

Zadravec does not

exclude strategic and financial tie-ups with partners that would meet

Tuš's expectations, especially regarding shopping centres in Macedonia and

Tušmobil.

The Tuš group is the sixth largest business group in

Slovenia while Engrotuš is the sixth largest company in terms of total

revenue.