Pursuant to the Rules of the Ljubljana Stock Exchange, d.d., Ljubljana and applicable legislation, Sava Re, d.d., Ljubljana announces the following:

Today Sava Re, d.d., received the notice of resignation of Branko Tomažič from the position of chairman and member of the supervisory board of Sava Re, d.d., effective as of the same date.

The supervisory board of Sava Re, d.d., will continue operating with five members.

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.