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

Following the notice of resignation of Branko Tomažič as chair and member of the supervisory board of Sava Re, d.d., dated 11 October 2016, at today's correspondence session the members of the supervisory board of Sava Re, d.d., elected from among themselves Mateja Lovšin Herič as chair of the supervisory board and Slaven Mićković as deputy chair. 

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.