General Meeting of NLB d.d. will be held on 20 June 2022

May 6, 2022

The 38th General Meeting of NLB d.d. will be held on 20 June 2022, starting at 11 a.m. As it is announced in the convocation, the NLB General Meeting will be held both live (in Ljubljana, at Cankarjev dom, with registration starting at 10.30 a.m.) and online, therefore without the physical presence of Shareholders, via web portal, with the possibility of registration to access digital environment at 10:00 a.m.

Among others, the Shareholders will vote on the proposal regarding the allocation of distributable profit for 2021. The Management and Supervisory Board of NLB d.d. will propose to the Shareholders that EUR 50 million shall be paid out to the shareholders as dividend, which amounts to EUR 2.50 gross per share. Dividends shall be paid on 28 June 2022 to the persons who are registered as the Shareholders of NLB d.d. with the Central Securities Clearing Corporation on the day that is 5 working days after the day of the General Meeting that adopted this resolution (27 June 2022, Cut-Off Day).

It is important to note that in its 2022 outlook the Bank communicated EUR 100 million cumulative payment, however based on experience from last year the Bank recognized various benefits (also for investors) to split the dividend payment into two tranches. The Bank has therefore decided to split the dividend payment in a way that the first tranche in the amount of abovementioned EUR 50 million is subject of this General Meeting, while the second tranche is intended to be proposed to the General Meeting towards the end of this year.

The envisaged EUR 100 million dividend payment from the profit generated in 2021 is not included in the capital base, meaning that the payment will not affect the NLB Group capital ratios. The remaining part of the distributable profit of NLB d.d. shall remain undistributed and become part of the profit brought forward.

The General Meeting of NLB d.d. will also take note on various reports and vote on the proposal regarding the amendments and supplements to the Articles of Association of Nova Ljubljanska banka d.d., Ljubljana, appointment of the auditor for the financial years 2023-2026 and adoption of the Policy on the provision of diversity of the management body and senior management.

The proposed resolutions with explanations, other documents and instructions for the General Meeting are available for review to all interested stakeholders here

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