NLB

AGM Information • Dec 13, 2022

Category: Inside information

Published on: SEOnet

Published at:  12.12.2022 16:10

Published document ID: INI-814/22

INI-797/22

NLB, d. d., Ljubljana

NLB General Meeting Confirms Payment of Additional Dividends

In accordance with the provisions set out in the Rules of the Ljubljana Stock Exchange and the relevant laws, the NLB Management Board hereby announce the results of votes cast at the 39th General Meeting of the Shareholders of NLB d.d.

The second General Meeting of NLB Shareholders this year brought some very encouraging tidings. Not only did the Shareholders (68.42% of shares with voting rights were present) confirmed the payment of additional dividends at EUR 2.50 per share on 20th December this year, making a total dividend pay-out in 2022 EUR 100 million; NLB’s Management Board also took the opportunity of the General Meeting to address two topics not included in the convocation: further explained the details regarding the first NLB ESG Risk Rating and announced a significant charitable donation of the Group this holiday season.

The 39th NLB General Meeting confirmed the proposal of NLB Management and Supervisory Boards on additional allocation of distributable profit for 2021, more precisely on the second tranche of dividend payments, which has been publicly communicated several times. The NLB already paid out the first tranche of dividends in the total amount of EUR 50 million on 28 June this year. The confirmed dividend payment is not included in the capital base, which means that the NLB Group's capital ratios will not be affected with this payment. The remaining part of the NLB’s distributable profit will remain undistributed and represents retained earnings.

“We are glad that the Shareholders have confirmed the payment of this year's second tranche of dividends since by doing so we remain firmly on the path to our ambition – a total capital return through solid cash dividends in the cumulative amount of EUR 500 million by the end of 2025, including 2022 pay-outs,” explained NLB’s CEO Blaž Brodnjak after the General Meeting. “However, we are especially happy and proud to be able to top this already positive information with news of our first ESG Risk Rating which ranks our NLB alongside and even higher than some of the key financial institutions in the world. Furthermore, NLB Group will conclude this extraordinary year with a significant charitable donation to various vulnerable groups and other good causes in all the markets of our operations, totalling more than EUR 500.000, thus truly showing that a world full of heart, is a world full of opportunities,” he added.

At the General Meeting, the NLB Shareholders also voted on the Remuneration Policy for the Members of the Supervisory Board of NLB d.d. and the Members of the Management Board of NLB d.d. and took note of the termination of the term of office of two NLB Supervisory Board members - workers’ representatives.

The proposed resolutions, together with clarifications and other AGM materials and instructions are available to all interested stakeholders on the NLB’s website.

This announcement will be available on the Bank's website www.nlb.si as of 12 December 2022.

Investor Relations

NLB d.d., Ljubljana

Date: 13.12.2022