Pursuant to the Rules of the Ljubljana Stock Exchange, d.d., Ljubljana and relevant legislation, Pozavarovalnica Sava, d.d., Ljubljana ("Sava Reinsurance Company") hereby announces the following:

On the basis of the Slovenian Companies Act (ZGD), the 28th general meeting of shareholders, which took place on 23 April 2014, authorised the management board of Sava Reinsurance Company to acquire treasury shares. The authorisation is for acquiring up to a total of 1,721,966 shares, representing 10 percent of the Company's share capital, including treasury shares owned by the Company at the date of the authorisation. 

The Company acquires shares in the regulated market at market price. 

The Company hereby announces that between 13 October 2014 and 17 October 2014, the Company bought back 1,265 own shares for a total amount of € 18,946.80. The purchases were made through the brokerage firm Perspektiva, borznoposredniška družba, d.d.

The total number of treasury shares prior to these transactions was 347,683. The total number of own shares after the said purchases was 348,948, representing 2.03% of all issued shares. 

This announcement will also be available on the Company’s website at www.sava-re.si, at least five years from the date of the announcement.