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29 February 2016

Purchase of Own Shares

Pursuant to the Rules of the Ljubljana Stock Exchange, d.d., Ljubljana and relevant legislation, Pozavarovalnica Sava, d.d., Ljubljana ("Sava Reinsurance Company" or "Company") hereby announces the following:

On the basis of the Slovenian Companies Act (ZGD), the 28th general meeting of shareholders, which took place on 23 April 2014, granted the management board of Sava Reinsurance Company authorization to acquire own shares. The authorization is for acquiring up to a total of 1,721,966 shares, which represents 10 percent of the Company's issued shares (including own shares already acquired). 

In line with this general meeting authorization, the Company has started repurchasing its shares. The Company is repurchasing shares in the regulated market and at current market prices. 

The Company hereby announces that between 22 February 2016 and 26 February 2016, the Company bought back 942 own shares for a total amount of € 11,365.16.  The total number of treasury shares prior to these transactions was 751,990. The total number of own shares after these transactions is 752,932, which represents 4.3725 percent of the Company's issued shares. 

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