Issuance of subordinated notes

Following the publication by NLB d.d. (hereinafter also: the company) on 4 November 2019 regarding the envisaged Tier 2 subordinated notes issuance (hereinafter also: the subordinated notes), the company hereby announces that collection of orders for initial sale of its subordinated notes with ISIN code XS2080776607, which have been offered to eligible counterparties and professional clients outside the United States of America, has been concluded successfully. The subordinated notes are expected to be issued on 19 November 2019 in the aggregate amount of EUR 120 million. The interest on the principal of the subordinated notes will accrue at the interest rate of 3.65% per annum and the issue price will be equal to 100% of their nominal amount.

The investor base is diverse, coming from high quality international as well as regional accounts.