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.

In line with this general meeting authorisation, the Company has started repurchasing its shares. The Company will acquire shares in the regulated market and at the market price. 

The Company hereby announces that from 24 November to 27 November 2015, the Company bought back 661 own shares for a total amount of EUR 9,072.36.

The total number of treasury shares prior to these transactions was 376.066. The total number of treasury shares after the mentioned repurchases is 736,727, accounting for 4.2784 percent of all shares issued. 

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.