General Meeting of NLB d.d. will be held on 14 June 2021

June 14, 2021

Shareholders of NLB d.d. gathered today at the 36th General Meeting of NLB d.d. with 77,19 % shares with voting rights present. They adopted all resolutions proposed by the Management and Supervisory Board of NLB d.d. 

At the General Meeting shareholders took note of the approved NLB Group 2020 Annual Report, Report of the Supervisory Board of NLB d.d. on the results of the examination of the NLB Group Annual Report 2020 and Information on the income of members of the Management Board and Supervisory Board of NLB d.d. during last year. The shareholders also decided on the allocation of distributable profit for 2020 and granting a discharge from liability to the Management Board of NLB d.d. and Supervisory Board of NLB d.d., amendments and supplements to the Articles of Association of Nova Ljubljanska banka d.d., Ljubljana, election of a member of the Supervisory Board of NLB d.d. and other points on the agenda. For more details see the resolutions published by the Bank together with the results of voting at the 36th General Meeting of NLB d.d. at the bank’s and Ljubljana Stock Exchange website.

Shareholders confirmed suggested proposal regarding distributable profit

The distributable profit of NLB d.d. for 2020 amounts to EUR 341,992,219.43 and consists of net profit for 2020 in the amount of EUR 113,952,339.70 and retained earnings from previous financial years in the amount of EUR 228,039,879.73. Shareholders decided that the distributable profit in the amount of EUR 24,800,000.00 shall be paid to the Shareholders as dividends in two instalments: the first instalment in the total amount of EUR 12.0 million, which is EUR 0.60 per share, shall be paid on 22 June 2021, and the second instalment in the total amount of EUR 12.8 million, which is EUR 0.64 per share, on 18 October 2021, if the payment of the second instalment were not contrary to the regulations, which currently apply. The proposed amount represents the maximum amount currently allowed by ECB, while the Bank’s ambition to distribute in total EUR 92.2 million out of 2020 Group profit remains in place.

The remaining part of distributable profit in the amount of EUR 317,192,219.43, potentially increased by a part of the second dividend instalment will not be paid to the Shareholders due to the cancellation of the dividend payment, and will remain undistributed representing the profit carried forward.

New Member of the Supervisory Board of NLB d.d. elected

As the term of office of a member of the Supervisory Board of NLB d.d. Peter Groznik expired with today’s General Meeting, the General Meeting of NLB d.d. also decided on the election of new member. A four-year term of office was appointed to Islam Osama Zekry, Chief Data Officer at the Egyptian Commercial International Bank. His term shall begin on the day of his appointment and last until the conclusion of the General Meeting of NLB d.d. that decides on the allocation of distributable profit for the fourth financial year after his election, counting the year in which they were appointed as the first one.

Islam Osama Zekry is leading a team of 200 data scientist, analysts and engineers. Prior to his current role he served as Head of Performance Management and Head of Group Management Information Systems. He began his professional career at Merrill Lynch and CIT Fund, Toronto. He has a Ph.D. in applied mathematics and an MSc from the University of Chicago – Booth Business School, and a D.Sc. in Banking Performance Analytics from the Westbrook University in Minnesota. Mr. Zekry is a pioneer in introducing blockchain based solutions in financial services. In the past years he has played a leading role in the evolution of customer digital onboarding, identifying the digital identity and related fields. He has an outstanding track record in analytics and corporate performance management. He has led teams

receiving multiple prestigious awards and recognitions from multiple institutions such as International Institute of Finance (IIF), Carnegie Mellon University, Global Finance, Euromoney. Moreover, he is a Steering Committee member of Smart Africa, an international alliance established to accelerate sustainable socioeconomic development on the continent. He is also an active member of the EU-AU Digital economy Task Force. In its nomination the Supervisory Board of NLB d.d. believes that Mr. Zekry can make significant contributions to the Bank's important efforts in the areas such as digitalisation and data science, which are seen as key to the future success of the Bank.

The General Meeting of NLB d.d. also adopted the proposed amendments and supplements to the Articles of Association of Nova Ljubljanska banka d.d., Ljubljana, and passed decisions on other items on the agenda. All adopted resolutions together with voting results are available to interested parties at the bank's website.

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