JANUARY TO DECEMBER /4 UNAUDITED RESULTS OF OPERATIONS OF THE NOVA KBM GROUP RE A DY FOR TOMORROW

Transcription

1 JANUARY TO DECEMBER /4 UNAUDITED RESULTS OF OPERATIONS OF THE NOVA KBM GROUP RE A DY FOR TOMORROW MARCH 2012

2 Corporate governance bodies Management Board of the Bank Matjaž Kovačič President Manja Skernišak Member Andrej Plos Member Executive Directors of the Bank Slavko Jarc Simon Hvalec Ksenija Mrevlje Aleksander Batič Nataša Fesel Vlasta Brečko Peter Kupljen Supervisory Board of the Bank Dušan Jovanovič Franc Škufca Andrej Svetina Janez Košak Anton Guzej Aleš Krisper Darjan Petrič Vida Lebar Ivan Simič Chairman Deputy Chairman Member Member Member Member Member Member Member Name of the parent bank: Nova Kreditna banka Maribor d.d. Short name of the parent bank: Nova KBM d.d. Registered office: Ulica Vita Kraigherja 4, 2505 Maribor BIC (SWIFT): KBMASI2X Reuters: KBMS IBAN: SI Account No.: Registration No.: Entry No. in the register of companies of the Maribor District Court: 062/ VAT ID No.: SI Share capital: 40,814,

3 NOVA KBM GROUP Total assets: 5,839.7 million Net loss: ( 53.7 million) Number of employees: 2,991 ROAE: (14.32%) ROAA: (1.18%) BANKING Number od employees: 2,012 Share of Group assets: 82.3% ROAE: (11.60%) ROAA: (0.95%) INSURANCE Number of employees: 875 Share of Group assets: 10.4% ROAE: 12.79% ROAA: 1.39% MANAGEMENT OF FUNDS AND PENSION SAVINGS Number of employees: 47 Share of Group assets: 2.1% ROAE: 6.70% ROAA: 0.79% LEASING, REAL ESTATE AND OTHER SERVICES Number of employees: 57 Share of Group assets: 5.2% ROAE: (12.54%) ROAA: (0.56%) Nova KBM d.d. Total assets: 4,831.5 million Net loss: ( 59.6million) ROAE: (13.88%) ROAA: (1.23%) PBS d.d. 55% ownership Total assets: million Net profit: 2.5 million ROAE: 5.55% ROAA: 0.30% ADRIA BANK AG 50.54% ownership Total assets: million Net loss: ( 0.1 million) ROAE: (0.25%) ROAA: (0.04%) Zavarovalnica Maribor d.d.* 51.00% ownership Total assets: million Net profit: 10.6 million ROAE: 12.79% ROAA: 1.39% KBM Infond d.o.o % ownership Total assets: 17.6 million Net profit: 0.7 million Assets under management: million ROAE: 8.40% ROAA: 6.74% Moja naložba d.d.* 45% ownership Total assets: million Net profit: 0.4 million ROAE: 6.32% ROAA: 0.31% KBM Leasing d.o.o. 100% ownership Total assets: million Net loss: ( 6.7 million) ROAE: (271.26%) ROAA: (4.85%) Gorica Leasing d.o.o. 100% ownership Total assets: 91.5 million Net profit: 0 million ROAE: 1.70% ROAA: 0.05% KBM Leasing Hrvatska d.o.o. 100% ownership Total assets: 47.6 million Net loss: ( 0.7 million) ROAE: negative capital ROAA: (1.61%) KBM Fineko d.o.o. 100% ownership Total assets: 4.0 million Net profit: 0.3 million ROAE: 12.68% ROAA: 5.41% KBM Invest d.o.o. 100% ownership Total assets: 48.7 million Net loss: ( 1.2 million) ROAE: (26.14%) ROAA: (2.60%) KBM Projekt d.o.o. 76% ownership Total assets: 15.5 million Net profit: 3.9 million ROAE: negative capital ROAA: (9.14%) CREDY BANKA a.d % ownership Total assets: million Net profit: 0.3 million ROAE: 1.24% ROAA: 0.24% * Associated company M-PAY d.o.o. 50% ownership Total assets: 0.2 million Net profit: 0 million ROAE: 7.30% ROAA: 7.26% 3

4 Unaudited Report on Operations of the Nova KBM Group Profile of the Nova KBM Group and Nova KBM d.d. Nova KBM d.d. (in this report also referred to as 'Nova KBM' or the 'Bank') is the parent company of the Nova KBM Group (in this report also referred to as the 'Group'), which is composed of the parent company and 11 subsidiaries. In addition, the Bank has equity investments in two associates. The names of the companies and the percentage of the Group s shareholding in them are presented in the table below. Nova KBM d.d. is a commercial bank with a tradition of understanding and supporting its retail and corporate customers to whom it provides standard banking products. The Bank's registered office is at Ulica Vita Kraigherja 4, 2505 Maribor, Slovenia. The Bank is obliged to prepare consolidated financial statements. The Nova KBM Group is composed of the following members: Company Position in the Group Group's share of voting rights in the company (%) Nova Kreditna banka Maribor d.d. parent bank Poštna banka Slovenije d.d. subsidiary bank Adria Bank AG subsidiary bank 50.54* Credy banka a.d. subsidiary bank KBM Fineko d.o.o. subsidiary company KBM Infond d.o.o. subsidiary company KBM Leasing d.o.o. subsidiary company KBM Invest d.o.o. subsidiary company Gorica Leasing d.o.o. subsidiary company M-PAY d.o.o. subsidiary company KBM Projekt d.o.o. subsidiary company KBM Leasing Hrvatska d.o.o. subsidiary company * The Group's share in voting rights and share capital of Adria Bank AG accounts for 50.54%, while its share in the paid-up capital of Adria Bank AG equals 46.65%. Paid-up capital is made up of share capital and participating interests without voting rights held by minority shareholders. The Bank has equity investment in two associates: a 45.00% stake in Moja naložba d.d. and a 51.00% stake in Zavarovalnica Maribor d.d. 4

5 Unaudited Report on Operations of the Nova KBM Group Key performance indicators of individual Group companies as of 31 December 2011* COMPANY Number of employees Net profit or loss ( 000) Total assets ( 000) ROAE after tax (%) ROAA after tax (%) Nova KBM d.d. 1,346 (59,633) 4,831,548 (13.88) (1.23) PBS d.d , , ADRIA BANK AG 29 (96) 229,771 (0.25) (0.04) CREDY BANKA a.d , KBM INFOND d.o.o , KBM FINEKO d.o.o , KBM LEASING d.o.o. 11 (6,691) 148,281 (271.26) (4.85) KBM INVEST d.o.o. 10 (1,193) 48,723 (26.14) (2.60) GORICA LEASING d.o.o , KBM LEASING Negative 8 (709) 47,608 HRVATSKA d.o.o. capital (1.61) KBM PROJEKT d.o.o. 3 3,904 15,534 Negative capital 9.14 M-PAY d.o.o MOJA NALOŽBA d.d , ZAVAROVALNICA MARIBOR d.d , , * Calculated on the basis of unaudited results for

6 Unaudited Report on Operations of the Nova KBM Group Key performance indicators of the Nova KBM Group Index Statement of financial position ( 000) Total assets 5,839,678 5,866, Total deposits from the non-banking sector 3,764,964 3,712, Total loans to the non-banking sector 3,859,691 4,034, Total equity 462, , Statement of income ( 000) 12M M 2010 Net interest income 136, , Net fee and commission income 59,372 63, Operating costs (125,100) (128,670) 97 Impairment losses and provisions (145,360) (83,222) 175 Profit/(loss) from continuing operations (69,046) 18,001 Net profit/(loss) for the reporting period (53,655) 11,413 Ratios Net earnings per share 1 ( ) (1.61) 0.41 Share book value 2 ( ) ROAA before tax (%) (1.18) 0.31 ROAE before tax (%) (14.32) 4.14 Operating costs/average total assets (%) Cost/Income (%) Net earnings per share is calculated as the ratio between the net profit or loss attributable to owners of the parent and the weighted average number of Bank shares in the reporting period. 2 Share book value on the last day of the reporting period is calculated as the ratio between the equity attributable to owners of the parent and the total number of Bank shares outstanding on the last day of the reporting period. 6

7 Unaudited Report on Operations of the Nova KBM Group Operating result of the Nova KBM Group For the period from 1 January to 31 December 2011, the Nova KBM Group reported a pretax loss from continuing operations of 69,046 thousand. The following items contributed the most to the loss: high provisions and impairment losses, weak other net income and lower than projected net interest income. Net loss of the Group totalled 53,655 thousand, which was 15,391 thousand lower than the loss of the Group from continuing operations, due to the positive effect of deferred taxes. Net loss of the Group was 5,978 thousand lower that the net loss reported by Nova KBM. In stand-alone financial statements of Group companies, a loss was reported by Nova KBM ( 59.6 million), the leasing companies (except Gorica Leasing d.o.o.; 8.6 million in total), KBM Invest d.o.o. ( 1.2 million) and Adria Bank AG ( 96 thousand). A profit was reported by both associated companies, KBM Projekt d.o.o. ( 3.9 million; although at negative capital of 7.5 million), PBS d.d. ( 2.5 million), KBM Infond d.o.o. ( 0.7 million), Credy banka a.d. ( 0.3 million) and KBM Fineko d.o.o. ( 0.3 million). The Group's profit before provisions and impairment losses totalled 76,314 thousand. Net provisions and impairment losses reached 145,360 thousand. Net interest income was 136,151 thousand. Lower than projected net interest income was mainly the result of changes in the structure of the Group s assets, an increasing proportion of which is made up of investments that provide lower returns (portfolio of securities). Impairment of interest on loans granted to companies which have run into financial difficulties also had a negative effect on interest income. On the funding side, we saw last year a trend of households shifting towards long-term deposits with higher rate of interest. Also, the refinancing of longterm loans obtained from banks in the past has become more costly. Nova KBM's pre-tax loss from continuing operations totalled 73,590 thousand. Net loss was 59,633 thousand, after taking account of deferred taxes. The Bank's profit before provisions and impairment losses was 57,634 thousand. Financial and operating income did not meet the projection, mainly due to lower than projected net interest income and realised other operating net losses. Higher than projected dividend income and fee and commission income had a positive impact on this income item. The 2011 interest income of Nova KBM totalled 207,642 thousand. The increase in interest income was mainly due to higher average interest rate and an increase in default interest. Higher than projected impairment of interest, a decline in interest-bearing assets of the non-banking sector, and write-offs due to companies going bankrupt or into receivership had a negative effect on interest income. Interest expense totalled 107,828 thousand. A year-to-year increase in interest expense was due to structural changes in the funding of the Bank. The Bank s net interest income totalled 99,814 thousand. The Bank's net fee and commission income was 43,369 thousand. Compared to 2010, fee and commission income fell by 5.3%, while fee and commission expense increased by 11.0%. 7

8 Unaudited Report on Operations of the Nova KBM Group Financial position of the Nova KBM Group The total assets of the Group at the end of 2011 amounted to 5,839,678 thousand, a decrease of 26,979 thousand, or 0.5%, from the 2010 year-end. The Group did not manage to increase its total assets in the last two quarters of the year (see chart). The most notable changes in the structure of the Group s liabilities and equity in 2011 were as follows: loans from banks decreased by 378,749 thousand debt securities decreased by 16,499 thousand (mainly due to the maturity of KBM7 bonds) liabilities due to customers increased by 52,312 thousand (mainly as a result of increase in customer deposits and deposits from the state) equity increased by 23,170 thousand (capital raising by the parent bank) financial liabilities due to the central bank rose by 285,329 thousand. The most notable changes in the structure of the Group s assets in 2011 were as follows: available-for-sale financial assets fell by 167,201 thousand loans and advances to customers fell by 175,236 thousand held-to-maturity financial assets increased by 269,385 thousand other assets went up by 38,036 thousand. Equity attributable to owners of the parent totalled 419,740 thousand as of 31 December 2011, an increase of 22,840 thousand, or 5.8%, from the 2010 year-end. As of 31 December 2011, the total assets of Nova KBM amounted to 4,831,548 thousand, up 0.5% on the previous year. The May 2011 capital raising and an increase in customer deposits contributed the most to the growth in total assets. Loans and advances as well as available-for-sale financial assets decreased, offset by an increase in held-to-maturity financial assets. Loans and advances to customers totalled 3,357,283 thousand at the end of 2011 (down 4.2% on the previous year). Deposits from customers amounted to 3,066,152 thousand at the end of 2011 (up 1.4% on the previous year). 8

9 Unaudited Report on Operations of the Nova KBM Group Shareholder structure and information on shares The share capital of Nova KBM increased by 22,000 thousand, or 51.9%, to 397,256 thousand as of 31 December The following items contributed to a change in the Bank's shareholders' equity: the May 2011 capital increase in the amount of 101,069 thousand; net loss of 59,633 thousand reported for the financial year 2011; a drop in the market price of securities which are revalued through equity, by a total amount of 16,299 thousand; and the payment of dividends for 2010 totalling 3,130 thousand. Information on shares Nova KBM shares (ticker symbol: KBMR) are traded in the prime market segment of the Ljubljana Stock Exchange. The prime market is the most prominent segment of the equity market of the Ljubljana Stock Exchange on which the shares of the best Slovene public limited companies are traded. Since May 2011, Nova KBM shares have also been traded in the main market of the Warsaw Stock Exchange. Nova KBM has issued only one class of shares which are all freely transferable and bear the same rights. Each ordinary share entitles its holder to one vote at the Shareholders Meeting. Holders of ordinary shares have the following rights: - participation in the management of the Bank - participation in profits (dividend) - pro-rata distribution of residual assets in case of bankruptcy or liquidation of the Bank. The Bank is bound to pay a dividend to shareholders, and shall enable shareholders to participate and to vote at Shareholders Meetings. During 2011, foreign investors increased their shareholding in the Bank at the expense of Slovene companies and citizens (see chart). The shareholder structure of the Bank at the end of 2011 was as follows: the Republic of Slovenia held 27.7% of shares; Pošta Slovenije d.o.o. 6.6%; Gen d.o.o. 6.4%; Kapitalska Shareholder structure as of 31 December (%) 9.06 družba d.d. 4.8%; Slovenska odškodninska družba d.d. 3.2%; ELES d.o.o. 2.4%: the total shareholding of the Republic of Slovenia remained at 51.1%, of which 35.7% was a 16.4 direct and 15.4% an indirect shareholding of the state in the Bank; households held 16.4% (down 6.6 percentage points from the beginning of the year); other financial organisations held 6.5% (down 4.3 percentage points from the Republic of Slovenia Domestic individuals beginning of the year); foreign investors held Domestic companies Foreign investors 22.0% (up 12.9 percentage points from the 9

10 Unaudited Report on Operations of the Nova KBM Group beginning of the year); non-financial companies held 2.5% (down 1.2 percentage points from the beginning of the year); and banks held 1.5% (down 0.8 percentage points from the beginning of the year). 10 largest shareholders as of 31 December 2011 Shareholder Number of shares % of ownership 3 REPUBLIC OF SLOVENIA 10,822, KDPW TRUST ACCOUNT 4,673, POŠTA SLOVENIJE d.o.o. 2,599, GEN d.o.o. 2,500, KAPITALSKA DRUŽBA d.d. 1,875, SLOVENSKA ODŠKODNINSKA DRUŽBA d.d. 1,250, ELES d.o.o. 937, NFD 1 DELNIŠKI PODSKLAD (equity sub-fund) 841, EAST CAPITAL BALKAN FUND 693, EAST CAPITAL EASTERN EUROPEAN FUND 532, Information on shares Number of shareholders 98, , , ,531 Number of ordinary shares 39,122,968 26,081,979 26,081,979 26,081,979 Share price on the last trading date ( ) Market capitalisation ( 000) 123, , , ,953 Nova KBM Nova KBM Group Share book value 4 ( ) Net earnings per share 5 ( ) (1.72) (1.61) P/E ratio 6 (1.84) (1.96) P/B ratio In the period from 2006 through 2010, the book value of a Nova KBM share increased by 21% (year-end data). Following the issue of new shares in May 2011, and as a result of loss reported for 2011, the book value of a Nova KBM share decreased by 29% to the level before the crisis (see chart below). 3 Voting rights equal ownership share. 4 Share book value on the last day of the reporting period is calculated as the ratio between the total shareholders equity of the Bank (for the Group: equity attributable to owners of the parent) and the weighted average number of shares in the period. 5 Net earnings per share is calculated as the ratio between the Bank s net profit or loss (for the Group: net profit or loss attributable to owners of the parent) and the weighted average number of shares in the period. 6 P/E ratio is calculated as the ratio between the share price on the last trading date and the Bank s net profit or loss (for the Group: net profit or loss attributable to owners of the parent) per share. 7 P/B ratio is calculated as the ratio between the share price on the last trading date and the share book value. 10

11 Unaudited Report on Operations of the Nova KBM Group Share book value ( ) in the period from 2006 to Nova KBM share performance In 2011, the combined trading volume in Nova KBM shares on the Ljubljana Stock Exchange and Warsaw Stock Exchange reached 2,436,588 shares, of which 1,992,575 changed ownership on the Ljubljana Stock Exchange and 444,013 on the Warsaw Stock Exchange. The average daily turnover on the Ljubljana Stock Exchange was 61,863 or 7,939 shares, while on the Warsaw Stock Exchange it stood at 18,875 or 2,707 shares. The total number of shareholders decreased by approximately 2,000 to 98,354 as of 31 December The price of a KBMR share at the beginning of the year was As a result of the global financial crisis, poor liquidity of KBMR shares and weak results reported by Nova KBM, the market price of a KBMR share had been steadily decreasing throughout the year to reach 3.20 as of 31 December Nova KBM share performance in KBMR SBITOP KBMR SBITOP 0 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec

12 Financial Statements of the Nova KBM Group Financial Statements of the Nova KBM Group Consolidated Statement of Income Nova KBM Group 000 ITEM DESCRIPTION Index =2/3 Interest income and similar income 263, , Interest expense and similar expense (127,212) (106,924) 119 Net interest income 136, , Dividend income 2,956 1, Fee and commission income 98, , Fee and commission expense (39,061) (40,977) 95 Net fee and commission income 59,372 63, Realised gains/(losses) on financial assets and liabilities not measured at fair value through profit or loss (615) 1,386 Net gains/(losses) on financial assets and liabilities held for trading 3,682 (12,448) Net (losses) on financial assets (and liabilities) designated at fair value through profit or loss (7,246) (1,428) 507 Net exchange rate differences ,148 3 Net gains/(losses) on derecognition of assets excluding noncurrent assets held for sale 563 (110) Other operating net income 244 9,286 3 Administration costs (108,455) (113,418) 96 Depreciation and amortisation (16,645) (15,252) 109 Provisions (16,813) (3,225) 521 Impairment losses (128,547) (79,997) 161 Share of profit of associates and joint ventures accounted for using the equity method 5,515 5, Total profit from non-current assets and disposal groups classified as held for sale PROFIT/(LOSS) FROM CONTINUING OPERATIONS (69,046) 18,001 Income tax expense related to profit/(loss) from continuing operations 15,391 (6,588) NET PROFIT/(LOSS) FROM CONTINUING OPERATIONS (53,655) 11,413 NET PROFIT/(LOSS) FOR THE FINANCIAL YEAR (53,655) 11,413 a) Attributable to owners of the parent (55,893) 10,780 b) Attributable to non-controlling interest 2,

13 Financial Statements of the Nova KBM Group Consolidated Statement of Financial Position Nova KBM Group ITEM DESCRIPTION Index =2/3 Cash and balances with the central bank 147, , Financial assets held for trading 8,741 3, Financial assets designated at fair value through profit or loss 38,445 16, Available-for-sale financial assets 710, , Loans and advances 4,037,111 4,281, loans and advances to banks 177, , loans and advances to customers 3,859,691 4,034, Held-to-maturity financial assets 449, , Non-current assets and disposal groups classified as held for sale and discontinued operations 6,405 1, Property, plant and equipment 94,375 92, Investment property 54,544 44, Intangible assets 36,040 32, Investments in associates and joint ventures accounted for using the equity method 47,539 41, Tax assets 31,281 14, current tax assets 2,284 3, deferred tax assets 28,997 10, Other assets 177, , TOTAL ASSETS 5,839,678 5,866, Financial liabilities due to the central bank 415, , Financial liabilities held for trading 2,486 6, Financial liabilities measured at amortised cost 4,854,601 5,215, deposits from banks 154, , deposits from customers 3,764,808 3,712, loans from banks 698,080 1,076, loans from customers debt securities 48,973 65, subordinated liabilities 187, , Financial liabilities associated to transferred assets 8,022 0 Provisions 38,126 22, Tax liabilities 3,096 6, current tax liabilities deferred tax liabilities 2,828 5, Other liabilities 55,710 47, TOTAL LIABILITIES 5,377,519 5,427, Share capital 40,815 27, Share premium 165,775 78, Revaluation reserves 0 0 Translation reserves (26,082) (6,410) 407 Reserves from profit 300, , Treasury shares (1,412) (1,412) 100 Retained earnings (including net profit/(loss) for the financial year) (60,082) 2,188 EQUITY ATTRIBUTABLE TO OWNERS OF THE PARENT 419, , Non-controlling interest 42,419 42, TOTAL SHAREHOLDERS EQUITY 462, , TOTAL LIABILITIES AND SHAREHOLDERS EQUITY 5,839,678 5,866,

14 Financial Statements of Nova KBM d.d. Financial Statements of Nova KBM d.d. Statement of Income Nova KBM d.d. 000 ITEM DESCRIPTION Index =2/3 Interest income and similar income 207, , Interest expense and similar expense (107,828) (91,965) 117 Net interest income 99, , Dividend income 8,800 5, Fee and commission income 49,945 52, Fee and commission expense (6,576) (5,925) 111 Net fee and commission income 43,369 46, Realised gains/(losses) on financial assets and liabilities not measured at fair value through profit or loss (739) 1,395 Net gains/(losses) on financial assets and liabilities held for trading 3,188 (12,810) Net (losses) on financial assets (and liabilities) designated at fair value through profit or loss (7,165) (1,442) 497 Net exchange differences 2,202 16, Net gains/(losses) on derecognition of assets excluding non-current assets held for sale (413) (53) Other operating net income/(loss) (2,967) 3,861 Administration costs (75,580) (78,203) 97 Depreciation and amortisation (13,162) (12,128) 109 Provisions (15,805) (2,336) 677 Impairment losses (115,419) (65,847) 175 Total profit from non-current assets and disposal groups classified as held for sale PROFIT/(LOSS) FROM CONTINUING OPERATIONS (73,590) 11,365 Income tax expense related to profit/(loss) from continuing operations 13,957 (1,993) NET PROFIT/(LOSS) FROM CONTINUING OPERATIONS (59,633) 9,372 NET PROFIT/(LOSS) FOR THE FINANCIAL YEAR (59,633) 9,372 14

15 Financial Statements of Nova KBM d.d. Statement of Financial Position Nova KBM d.d. 000 ITEM DESCRIPTION Index =2/3 Financial assets held for trading 8,442 2, Financial assets designated at fair value through profit or loss 37,912 16, Available-for-sale financial assets 535, , Loans and advances 3,539,701 3,719, loans and advances to banks 182, , loans and advances to customers 3,357,283 3,505, Held-to-maturity financial assets 339,819 78, Investments in subsidiaries, associates and joint ventures 101,967 94, Other assets 268, , TOTAL ASSETS 4,831,548 4,806, Financial liabilities measured at amortised cost 3,994,352 4,252, liabilities due to banks 722,280 1,004, liabilities due to customers 3,066,152 3,024, debt securities 27,885 44, subordinated liabilities 178, , Provisions 31,143 15, Other liabilities 408, , TOTAL LIABILITIES 4,434,292 4,431, TOTAL SHAREHOLDERS EQUITY 397, , TOTAL LIABILITIES AND SHAREHOLDERS EQUITY 4,831,548 4,806,

16 Financial calendar of Nova KBM d.d. for 2012 All notices and announcements will be available in the electronic dissemination system of the Ljubljana Stock Exchange, SEOnet ( and on the Bank s website ( Type of announcement or event The 2011 audited Annual Report of Nova KBM d.d. and the Nova KBM Group Annual information update Statement of compliance with the Corporate Governance Code Preliminary information on results for the period January March 2012 Convocation of the 21 st regular Shareholders Meeting of Nova KBM d.d. Report on operations and unaudited financial statements of Nova KBM d.d. and the Nova KBM Group for the period January March st regular Shareholders Meeting of Nova KBM d.d. Friday, Decisions adopted at the 21 st regular Shareholders Meeting of Nova KBM d.d. Ex-dividend date Preliminary information on results for the period January June 2012 Dividend payment date Report on operations and unaudited financial statements of Nova KBM d.d. and the Nova KBM Group for the period January June 2012 Preliminary information on results for the period January September 2012 Report on operations and unaudited financial statements of Nova KBM d.d. and the Nova KBM Group for the period January September 2012 The 2013 Business Plan of Nova KBM d.d. and the Nova KBM Group Anticipated date of announcement or event Friday, 20 April 2012 Friday, 20 April 2012 Friday, 20 April 2012 Friday, 20 April 2012 Wednesday, 9 May 2012 Tuesday, 22 May June 2012 Monday, 11 June 2012 Wednesday, 13 June 2012 Thursday, 26 July 2012 Friday, 10 August 2012 Thursday, 23 August 2012 Thursday, 25 October 2012 Tuesday, 20 November 2012 Wednesday, 19 December 2012 The above stated dates are provisional and are subject to change. Any changes in release dates will be published on the website of Nova KBM d.d. Nova KBM d.d., March