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

S&P Global Ratings (hereinafter: S&P or the agency) has revised the Triglav Group's medium-term outlook on its "A" rating from stable to positive, reaffirming the rating. The positive outlook reflects the agency's expectation that the Triglav Group will achieve profitable growth in the coming years, continue its international expansion and retain its leading market position in Slovenia, all while maintaining its capital position.

S&P noted that the Triglav Group has significantly improved its performance in the first nine months of the year and maintained its robust capital position. The agency assessed the Group's strategy to 2030 as ambitious in terms of profitability, growth and further diversification of its operations. In addition, the Group aims to maintain its robust capital position and implement balanced dividend policy.

The agency expects that the Group will deliver strong results for 2024 and beyond, supported by a favourable business environment. As part of its December assessment of Slovenia's sovereign rating, S&P concluded that the country's creditworthiness had improved, upgrading its outlook to positive. The agency also expects robust economic growth across the wider Adria region.

As a result, S&P has reaffirmed the Triglav Group's "A" financial strength and issuer credit ratings, and thereby to its parent company Zavarovalnica Triglav and the Group member Pozavarovalnica Triglav Re. The ratings are based solely on an assessment of the Group's standalone credit profile. The upgraded medium-term outlook on this rating from stable to positive reflects the agency's expectation of continued strong performance, robust capitalisation and expansion of the Triglav Group's operations in markets outside Slovenia, while maintaining its leading position in the Slovenian insurance market.

S&P also reaffirmed the "BBB+" rating of both Triglav subordinated bonds.

This information will be published on the website of Zavarovalnica Triglav d.d. at www.triglav.eu as of 12 December 2024 and will remain available on the Company's public website for a period of at least five years.