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Notification on the change of significant shareholdings

Pursuant to provisions of Article 124 of the Financial Instruments Market Act and the Rules of Ljubljana Stock Exchange, d.d., the company Pivovarna Laško, d.d., Trubarjeva 28, 3270 Laško,  hereby publishes the information that it was informed on 26 January 2016 by SKAGEN AS, as the manager of the fund SKAGEN Kon-Tiki, Skagen 3, Torgterrassen, Postbox 160, Stavanger, Norway (hereinafter: SKAGEN Kon-Tiki), on the basis of Article 118 of the Financial Instruments Market Act, in connection with the successful takeover offer by Heineken, that SKAGEN Kon-Tiki disposed of 507,181 shares of the issuer Pivovarna Laško, d.d. with the code PILR, constituting a 5.79% share of all Issuer's shares. Upon disposal of shares SKAGEN Kon-Tiki is no longer the holder of PILR shares and has no voting rights in the issuer.

Laško, 26 January 2016  Management Board of Pivovarna Laško, d.d.