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The Supervisory Board of Slovenian Sovereign Holding and Lidija Glavina, the President of the Management Board of Slovenian Sovereign Holding, agreed on an early termination of the term of office of the President of the Management Board.

The Supervisory Board of Slovenian Sovereign Holding (SSH SB) met on an extraordinary session on 27 March 2019 at which the early termination of the term of office was agreed with Lidija Glavina, the President of the Management Board, effective on 1 April 2019.

For the purpose of ensuring smooth operation of Slovenian Sovereign Holding, pursuant to Article 273, Paragraph 2 of ZGD-1, SSH Supervisory Board, composed of the following members: Duško Kos, Igor Kržan, Karmen Dietner and Janez Vipotnik, appointed Igor Kržan for the President of the SSH Management Board with one year tenure and until the appointment of a new President of the Management Board, in accordance with ZSDH-1. Igor Kržan will assume his function on 1 April 2019, and from that time onwards, his position as a Supervisory Board Member will be suspended.

Karmen Dietner was elected as the President of SSH Supervisory Board, and she will assume her function on 1 April 2019.

Lidija Glavina was appointed to the function of the President of the Management Board of SSH with a full tenure on 22 February 2017, for the term of office of 4 years. The members of the Supervisory Board thanked the President of the Management Board for good work in performing her function and wished her successful career in the future. During her tenure as the President of the Management Board, some important and complex asset-management related projects were completed, all processes of sale launched from 2016 onwards were successfully implemented, high dividend pay-outs were generated and paid to the budget of the Republic of Slovenia, and as regards the portfolio performance, with ROE of 6.5% achieved in 2017, this year was the most successful year since the introduction of a centralised management of state-owned capital assets. Estimates made in the beginning of 2019 for the financial year of 2018 show that ,in spite of a modified portfolio (the sale of equity stake in NLB), 6.3% ROE will be achieved which means that the goal set in the Annual Asset Management Plan 2018 will be exceeded.

The session of the Supervisory Board was suspended at 19:40 hours and will continue on 1 April 2019.

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Igor Kržan holds the University Degree in Economics and has completed an MBA and has extensive experience in the field of running and managing companies. Since 2016, he has been a co-owner and a director of Aluplus, d.o.o., and prior to that he held the position of the President of the Management Board of Trimo, d.d., dealing with an intensive corporate restructuring which was completed successfully, providing for a positive turnaround of operations and for the sale of the company. He held several executive functions in Ursa Slovenija, d.o.o. in which he played a major role in restructuring and supervising the restructuring of several companies in Italy, Slovenia, Turkey and Romania. In his career, he also worked in pharmaceutical industry, specifically, for Krka, both in Slovenia and abroad, thus obtaining important international experience. He holds a certificate on being qualified for rendering the services of a member of a Supervisory Board and a Management Board.