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. held its 18th ordinary meeting on 18 November 2004.
At that meeting, following the appointment of Alojz Penko as a member of the Supervisory Board at the 5th Annual General Meeting of Shareholders of KD Holding d.d. on 20 August 2004, the Supervisory Board elected Dr Aleš Vahčič from amongst its members as the new Chairman of the Supervisory Board, and Mr Alojz Penko as the new Deputy Chairman of the Supervisory Board.

The Supervisory Board took note of the resolutions of the 5th General Meeting of Shareholders regarding the merger of KD Naložbe d.d. into KD Holding d.d., the entry of the merger in the court register, the completion of the share exchange in connection with the merger, carried out by KDD – Central Clearing and Depository Company d.d., Ljubljana, and other procedures still ongoing in relation to the merger.
In accordance with the authorisation granted by the 5th General Meeting authorising the Supervisory Board, following the completion of the share exchange, to align the text of the Articles of Association with the final amount of the share capital increase and the final number of shares, and on the basis of the decision issued by KDD on 5November 2004, adopted a declaratory resolution stating that the text of the Articles of Association is already aligned with the final amount of the share capital increase and the final number of shares, and that an amendment to the Articles of Association is therefore not necessary. The final amount of share capital, following the completion of the exchange, is in fact equal to the amount of share capital adopted by the 5th General Meeting of Shareholders and entered in the court register by resolution Srg. 2004/08127 of 27 October 2004.

The Supervisory Board took note of the company’s current operations from 1 January 2004 to 30 September 2004, including the financial statements for KD Naložbe d.d. up to the merger, from 1 January 2004 to 26 October 2004.



KD Holding d.d.
Management Board