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

On 11 May 2017, Marko Jazbec was granted the licence for performing the function of management board member from the Insurance Supervision Agency.

Marko Jazbec, who had been appointed as the chairman of the management board of Sava Re, d.d. on 16 December 2016, is due to take up his office today, 12 May 2017.

Jošt Dolničar remains at Sava Re as a member of the Management Board.