Pursuant to the rules of the Ljubljana Stock Exchange d.d., Ljubljana, and applicable legislation, Sava Re d.d., Ljubljana, makes the following announcement:

As the terms of office of both employee representatives on the Sava Re supervisory boards are to expire on 11 June 2019, the Sava Re workers’ council carried out a candidate selection procedure and, in its meeting of 17 May 2019, appointed two representatives to the supervisory board.

Andrej Gorazd Kunstek and Mateja Živec were reappointed as employee representatives to serve another term on the Company’s supervisory board. Both members are to begin their new terms of office on 12 June 2019.

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