NLB

Major Shareholding Notification • Nov 21, 2018

European Securities and Markets Authority

Date:22 October 2015 ESMA/2015/1597

Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the competent authority)

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached":

NOVA LJUBLJANSKA BANKA D.D., Trg republike 2, 1520 Ljubljana, ID No.: 5860571, LEI: 5493001BABFV7P27OW30

1. Reason for the notification (please tick the appropriate box or boxes):

[X] An acquisition or disposal of voting rights

[ ] An acquisition or disposal of financial instruments

[ ] An event changing the breakdown of voting rights

[ ] Other (please specify)™:

3. Details of person subject to the notification obligation® :

Name: REPUBLIC OF SLOVENIA, Gregorčičeva 20, Ljubljana on its behalf SLOVENSKI DRŽAVNI HOLDING, D.D., Mala ulica 5, 1001 Ljubljana

City and country of registered office (if applicable):

1. Full name of shareholder(s) (if different from 3.):

5. Date on which the threshold was crossed or reached i: 14th of November 2018

6. Total positions of person(s) subject to the notification obligation:

	% of voting rights at- tached to shares (to- tal of 7.A)	% of voting rights through financial instru- ments (total of 7.B.1 + 7.B.2)	Total of both in % (7.A + 7.B)	Total number of voting rights of is- suer"
Resulting situation on the date on which threshold was crossed or reached	35.00		35,00	20.000.000
Position of previous notification (if appli- cable)

7. Notified details of the resulting situation on the date on which the threshold was crossed or reached™:

A: Voting rights attached to shares

Class/type of shares ISIN code (if possi- ble)	Number of voting rights™		% of voting rights
	Direct (Art 9 of Directive 2004/109/EC)	Indirect (Art 10 of Directive 2004/109/EC)	Direct (Art 9 of Directive 2004/109/EC)	Indirect (Art 10 of Directive 2004/109/EC)
NIBR ISIN SI0021117344	7.000.000		35,00
SUBTOTAL A	7.000.000		35,00

Type of financial in- strument	Expiration dateˣ	Exercise/ Conversion Period*	Number of voting rights that may be acquired if the instrument is exer- cised/ converted.	% of voting rights
		SUBTOTAL B.1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC
Type of financial instrument	Expiration dateˣ	Exercise/ Conversion Pe- riod *i	Physical or cash settlement"	Number of voting rights	% of voting rights
			SUBTOTAL B.2

1. Information in relation to the person subject to the notification (please tick the applicable box):

[ ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly an interest in the (underlying) issuer."

[ ] Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity":

Name™	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial in- struments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold

1. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]

10. Additional information™:

The Underwriting Agreement provides an option of excess allocation used for price stabilization, for which 1,181,819 shares of NLB are allocated, which represents 5.9% of the NLB shareholding. If the stabilisation activity will not be carried out during a period of 30 days, a total of 65% of the NLB shareholding will be sold. The table thus contains % of the voting rights of the Republic of Slovenia and the number of securities remaining in the Republic of Slovenia in the event that the stabilisation will not be carried out.

Ljubljana, 16th of November 2018

Vanessa Grmek Member of the Management Board SLOVENHKI DRAAVHI HOLDING, 4. 9 LJUBLJANA

Lidia Glavina President of the Management Board

A: Identity of the person subject to the notification obligation
Full name (including legal form for legal entities) SLOVENSKI DRŽAVNI HOLDING, D.D.
Contact address (registered office for legal entities)
Mała ulica 5, 1001 Ljubljana, Slovenia
E-Mail info@sdh.si
Phone number / Fax number
+386 1 300 91 13
Other useful information (at least legal a contact person for legal persons)

Žiga Škerjanec, ziga.skerjanec@sdh.si, +386 1 300 91 36

B: Identity of the notifier, if applicable
Full name
Contact address
E-Mail
Phone number / Fax number
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obliga- tion)

C: Additional information:

esma

esma