In accordance with the Ljubljana Stock Exchange Rules and the applicable legislation, ZAVAROVALNICA TRIGLAV d.d., Ljubljana is hereby publishing the following notice:

The Management Board and the Supervisory Board of Zavarovalnica Triglav will propose to this year's General Meeting of Shareholders to pay a dividend of EUR 2.50 gross per share, or EUR 56.8 million in total. According to their proposal, which is in line with the dividend policy, slightly more than 50% of the Triglav Group's net profit for 2022 will be allocated for the dividend payment, which currently represents a 6% dividend yield.

The Management Board and the Supervisory Board will propose a dividend of EUR 2.50 gross per share to this year's General Meeting of Shareholders. The proposed dividend in the total amount of EUR 56.8 million accounts for slightly more than 50% of the consolidated net profit for 2022 (EUR 110.5 million). The proposal provides for a dividend yield of more than 6% at the current share price and exceeds investors' expectations regarding the average 4.3% dividend yield of European insurance companies' shares this year. Andrej Slapar, President of the Management Board of Zavarovalnica Triglav, said: "We are pleased to be able to propose an attractive dividend to shareholders, which still enables the Triglav Group to achieve medium-term sustainable financial stability, further growth and development."

In last year's challenging situation, the Triglav Group achieved good results, which were even above those planned, as a result of not only the increased business volume but also by certain one-off or non-recurring effects. The Group was assigned a high “A” credit rating in 2022 by the credit rating agencies S&P Global Ratings and AM Best and maintained its financial strength. The Management Board and the Supervisory Board estimate that the appropriate level of capital adequacy, which decreased in 2022 as expected, will be maintained in the medium term upon the payment of the proposed dividend. Furthermore, in the dividend proposal, they took into account the assessments of the Group's current and expected future business conditions, its anticipated capital needs and its ability to achieve the outlined strategic objectives also in the future.

The Supervisory Board approved the audited Annual Report of the Triglav Group and Zavarovalnica Triglav for 2022, which will be published on Friday, 31 March 2023, in accordance with the financial calendar. The Company is expected to announce the convening of the regular General Meeting of Shareholders on 21 April 2023, scheduled to take place on 6 June 2023.

This information will be published on the website of Zavarovalnica Triglav d.d. at www.triglav.eu as of 28 March 2023 and will remain available on the Company’s public website for a period of at least five years.