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

At its regular annual review, the rating agency AM Best (the Agency) affirmed the Financial Strength Rating of "A" (Excellent) and the Long-Term Issuer Credit Rating of "a" (Excellent) of Zavarovalnica Triglav and Pozavarovalnica Triglav Re. All elements of this year's ratings are at the same level as last year and both ratings have maintained a stable medium-term outlook.

The Agency again assessed Triglav's balance sheet strength as very strong and its operating performance as strong, with the impact of the business profile and the State's majority ownership on the Company's credit ratings remaining neutral. Additionally, AM Best considers Triglav's enterprise risk management to be well-developed and appropriate for the Company's risk profile and operational scope. The high ratings of Pozavarovalnica Triglav Re factor in its strategic importance to Triglav, together with its strong integration into the group.

According to AM Best, Triglav's very strong balance sheet strength assessment is underpinned by its risk-adjusted capitalisation at the strongest level. Triglav also demonstrates good financial flexibility, with proven access to equity and debt markets. On the positive side, Triglav has steadily reduced its exposure to products with guarantees in its life portfolio in recent years, and their impact is now mitigated by a higher investment yield, driven by the rise in interest rates.

Triglav has recorded strong operating performance over the years and benefits from its competitive advantages, including its leading position in Slovenia and the Adria region and a well-diversified portfolio. In 2023, Triglav's profitability was negatively impacted by one-off events; however, AM Best expects full-year results 2024 to be in line with Triglav's historical track record of strong operating performance, as confirmed by the strong half-year results.

AM Best's press release is published on the website www.triglav.eu under the Investor Relations tab.

This information will be published on the website of Zavarovalnica Triglav d.d. at www.triglav.eu, as of 4 October 2024 and will remain available on the Company's public website for a period of at least five years.