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INI-234/19

ZAVAROVALNICA TRIGLAV, d.d., Ljubljana

Issue of a New Subordinated Bond

In accordance with the Ljubljana Stock Exchange Rules and the applicable legislation, ZAVAROVALNICA TRIGLAV d.d. hereby publishes the following notice:

Zavarovalnica Triglav has successfully issued a 30.5-year subordinated bond (Tier 2 pursuant to the Solvency II regulations) with the first call date after 10.5 years with the ISIN code XS1980276858. It replaces the existing issued subordinated bond with maturity in 2020.  The new issue is part of the regular capital management activities of Triglav Group, aimed at ensuring an optimal capital structure and its cost effectiveness.

The total issue size amounts to EUR 50 million. Until the first call date of the bond in 2029, the annual interest rate will be fixed at 4,375%, with the coupon payable annually. Thereafter, the interest rate will be floating, with the coupon payable quarterly. The bond issue is intended for qualified investors and will be traded on the regulated market of the Luxembourg Stock Exchange.

This information will be published on the website of Zavarovalnica Triglav d.d. at www.triglav.eu as of 24 April 2019 and will remain available on the Company's public website for a period of at least five years.

Management Board of Zavarovalnica Triglav d.d.
Date: 24.04.2019