NLB

Major Shareholding Notification • Jun 24, 2019

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, Identitiy 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, 1000 Ljubljana on its behalf SLOVENIAN SOVEREIGN HOLDING (SSH), Mala ulica 5, 1001 Ljubljana, Slovenia

City and country of registered office (if applicable):

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

2. Date on which the threshold was crossed or reached": 19 June 2019 (Terms of Sale signed between SSH on behalf of Republic of Slovenia, Deutsche Bank, Citigroup and Wood&Co., closing 21 June 2019)

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	25,00 + 1 share		25,00 + 1 share	20.000.000
Position of previous notification (if appli- cable)	35.00

-

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)
NILBR ISIN S 0021117344	5.000.001		25,00 + 1 share
SUBTOTAL A	5.000.001		25.00 + 1 share

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
Type of financial in- strument	Expiration dateˣ	Exercise/ Conversion Period*1	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 dater	Exercise/ Conversion Pe- riod	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 obligation (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 [1% and number] voting rights as of [date]

10. Additional information™:
Ljubljana, 20 June 2019 Boštjan/Koler Member of the Management Board ટેઈન VEMBER HOFBING, d. d.	lgor Kržan, President of the Management Board	4

Annex: Notification of major holdings (only to be filed with competent authority and not with the relevant issuer)

A: Identity of the person subject to the notification obligation
Full name (including legal form for legal entities)
SLOVENIAN SOVEREIGN HOLDING
Contact address (registered office for legal entities)
MALA 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:

Notes

i Please note that national forms may due to specific national legislation (Article 3(1a) of Directive 2004/109/EC) as for instance the applicable thresholds or information regarding capital holdings.

" Full name of the legal entity and further specification of the issuer or underlying issuer, provided it is reliable and accurate (e.g. address, LEI, domestic number identity).

ii Other reason for the notification could be voluntary notifications, changes of attribution of the holding (e.g. expiring of financial instruments) or acting in concert.

ir This should be the full name of (a) the shareholder; (b) the natural person or legal entity acquiring, disposing of or exercising voting rights in the cases provided for in Article 10 (b) to (h) of Directive 2004/109/EC; or (c) the holder of financial instruments referred to in Article 13(1) of Directive 2004/109/EC.

As the disclosure of cases of acting in concert may vary due to the specific circumstances (e.g. same or different total positions of the parties, entering of acting in concert by a single party) the standard form does not provide for a specific method how to notify cases of acting in concert.

In relation to the transactions referred to in points (b) to (h) of Directive 2004/109/EC, the following list is provided as indication of the persons who should be mentioned:

• in the circumstances foreseen in letter (b) of Article 10 of that Directive, the natural person or legal entity that acquires the voting rights and is entitled to exercise them under the agreement and the natural person or legal entity who is transferring temporarily for consideration the voting rights;

• in the circumstances foreseen in letter (c) of Article 10 of that Directive, the natural person or legal entity holding the collateral, provided the person or entity controls the voting rights and declares its intention of exercising them, and natural person or legal entity lodging the collateral under these conditions;

• in the circumstances foreseen in letter (d) of Article 10 of that Directive, the natural person or legal entity who has a life interest in shares if that person or entitled to exercise the voting rights attached to the shares and the natural person or legal entity who is disposing of the voting rights when the life interest is created;

• in the circumstances foreseen in letter (e) of Article 10 of that Directive, the controlling natural person or legal entity and, provided it has a notification duty at an individual level under Article 9, under letters (a) to (d) of Article 10 of that Directive or under a combination of any of those situations, the controlled undertaking;

• in the circumstances foreseen in letter (f) of Article 10 of that Directive, the deposit taker of the can exercise the voting rights attached to the shares deposited with him at his discretion, and the depositor of the shares allowing the deposit taker to exercise the voting rights at his discretion;

• in the circumstances foreseen in letter (g) of Article 10 of that Directive, the natural person or legal entity that controls the voting rights;

• in the circumstances foreseen in letter (h) of Article 10 of that Directive, the proxy holder, if he can exercise the voting rights at his discretion, and the shareholder who has given his proxy holder allowing the latter to exercise the voting rights at his discretion (e.g. management companies).

Y Applicable in the cases provided for in Article 10 (b) to (h) of Directive 2004/109/EC. This should be the full name of the shareholder who is the counterparty to the natural person or legal entity referred to in Article 10 of that Directive unless the percentage of voting rights held by the shareholder is lowest notifiable threshold for the disclosure of voting rights holdings in accordance with national practices (e.g. identification of funds management companies).

vi The date on which threshold is crossed or reached should be the acquisition or disposal took place or the other reason triggered the notification obligation. For passive crossings, the date when the corporate event took effect.

vi The total number of voting rights shall be composed of all the shares, including depository receipts representing shares, to which voting rights are attached even if the exercise thereof is suspended.