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Notification on the signing of a sale and purchase agreement on the sale of shares of the company Delo, d.d.

Pursuant to the provisions of the Financial Instruments Market Act (ZTFI) and the Rules and Regulations of the Ljubljana Stock Exchange, d.d., Pivovarna Laško, d.d., Trubarjeva 28, 3270 Laško, hereby makes the following announcement:

Pivovarna Laško, d.d., Trubarjeva 28, Laško, signed on June 3th, 2015, with the company FMR, financiranje in upravljanje naložb, d.d. the Sales and Purchase Agreement for Pivovarna Laško's 100% stake in the company Delo, d.d. The Buyer shall pay for the 100% stake in the company Delo, d.d., a purchase price of EUR 7,3 million. The Sales and Purchase Agreement is signed subject to several suspensive conditions which have to be met before the completion of the transaction.

The sales process for the company Delo, d.d. was conducted in accordance with the Restructuring and Standstill Agreement. The stake in the company Delo, d.d., was divested in a transparent international two-stage process of a public call for bids.

The sale is anticipated to be completed in the coming months, subject to suspensive conditions being met by the seller and the buyer.

Laško, June 3, 2015                                     Management Board