EBRD reduces stake in NLB to 5.125 per cent

• The EBRD reduces its equity stake in NLB, retains 5.125 per cent of total shares and remains one of the largest shareholders
• The Bank sold 1,000,000 global depositary receipts in an accelerated bookbuild placement on the London Stock Exchange
• The EBRD continues to support NLB’s long-term growth and international expansion

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES.

The European Bank for Reconstruction and Development (EBRD) has slightly reduced its equity stake in Nova Ljubljanska banka d.d. (NLB), the largest bank in Slovenia. The Bank sold 1 million global depositary receipts (GDRs) in an accelerated bookbuild placement on the London Stock Exchange.

The shares sold on 17 September 2025 represent 1 per cent of NLB’s total shares and follow a prior 1 per cent reduction in the EBRD’s shareholding. The Bank retains a 5.125 percent stake in its longstanding partner.

The Bank had previously acquired a total 7.125 per cent stake in the Slovenian lender, supporting a two-stage privatisation that was executed in 2018 and 2019, and helped the Slovenian government to meet its commitment to the European Commission to return NLB to majority private ownership.

By reducing its stake, the EBRD is helping to increase the liquidity of NLB GDRs on the London Stock Exchange. As a continuing shareholder, the EBRD remains confident about NLB’s strong performance and bright prospects for growth and strategic development.

NLB is the largest Slovenian bank, holding approximately 32.7 per cent of total banking assets in the country. NLB provides universal banking services and has a strong presence through its core subsidiaries in seven south-eastern European countries. It has a network of 386 branches, approximately 8,300 employees and 2.95 million active customers.

In 2024, the EBRD invested €77 million in Slovenia. Since it began operating in the country in 1992, the Bank has committed approximately €1.64 billion to 117 projects there. The EBRD’s activities cover all areas of the economy but are especially strong in the infrastructure, corporate, financial institutions and energy sectors.

This announcement is not for publication or distribution in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.