In accordance with the rules of the Ljubljana Stock Exchange d.d., Ljubljana, and applicable legislation, Sava Re d.d., Ljubljana, makes the following announcement:

At yesterday’s session, the Sava Re supervisory board reappointed Polona Pirš Zupančič, whose five-year term of office expires on 14 January 2023, as a member of the management board for a further term. Her new five-year term starts on 15 January 2023.

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.