Notice of a meeting of the Supervisory Board of KD Holding d.d.

In accordance with the provisions of the Rules of the Ljubljana Stock Exchange d.d. and the ZTVP-1 (Official Gazette of the Republic of Slovenia, No. 56/99), KD Group, d.d., Ljubljana hereby issues the following announcement:

The Supervisory Board of KD Holding d.d., at its 14th ordinary meeting on 16 July 2003, approved the company’s annual report for the financial year 2002 and adopted the Supervisory Board’s report on the review of the annual report, from which it emerges, amongst other things, that the Supervisory
Board regularly monitored the company’s operations in 2002 at its meetings, during which it discussed day-to-day operations, the company’s investment activities and the work of the Management Board,
- that it had taken note of the audit report by PricewaterhouseCoopers and its unqualified opinion, and had no comments to make thereon,
- approved the proposal for the appropriation of retained earnings;
- following a final review of the Annual Report of KD Holding d.d. and the KD Holding Group, as well as the Management Board’s proposal for the appropriation of retained earnings and the audit report, concluded that it had no comments and that it approved the annual report in its entirety.

The Supervisory Board considered and approved the proposed agenda for the company’s General Meeting, within the framework of which it considered and approved all proposed resolutions for which the Supervisory Board acts as proposer or co-proposer.

The General Meeting of KD Holding d.d. will be held on 20 August 2003; the agenda with the proposed resolutions will be published in the newspaper Dnevnik and on the SEOnet website on Friday, 18 July 2003.



KD Holding d.d.
Management Board