Pursuant to the rules of the Ljubljana Stock Exchange and the Slovenian Market in Financial Instruments Act, and in accordance with the requirements of Slovenian and European Union legislation, Sava Re d.d., Dunajska Cesta 56, 1000 Ljubljana, makes the following announcement:

Sava Re publishes the Solvency and Financial Condition Report of Sava Re d.d. for 2022 (Sava Re’s SFCR), as adopted by the management board of Sava Re with the consent of the Company’s supervisory board. Sava Re’s SFCR is accompanied by an independent auditor’s assurance report issued by the audit firm Deloitte Revizija d.o.o., in accordance with the Decision on the Additional Audit Review of Insurance Companies and Additional Auditor’s Report (Official Gazette of the Republic of Slovenia No 9/2016, as amended by Official Gazette of the Republic of Slovenia No 161/2021) issued by the Insurance Supervision Agency in accordance with the Slovenian Insurance Act.

The Company uses the standard formula for its capital adequacy calculation under Solvency II. This demonstrates its capital adequacy as at 31 December 2022, with a high solvency ratio of 266%.

Sava Re’s SFCR does not include details on the solvency and financial condition of the Sava Insurance Group. The latter will be published on 12 May 2023, in line with the statutory deadline and Sava Re’s financial calendar.

The Solvency and Financial Condition Report of Sava Re d.d. for 2022 is attached hereto.

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