Monday, 14/01/2013

Pursuant to the Rules of the Ljubljana Stock Exchange, d.d., Ljubljana Sava Reinsurance Company d.d., Ljubljana, Dunajska 56, 1000 Ljubljana hereby announces the following:

At its 43rd regular session on 11 January 2013, the Supervisory Board of Sava Re took note of and approved the basis of the company's dividend policy.

The Management Board proposed that dividends be paid out in 2014 at 30 per cent of the 2013 net profit, with the percentage to rise to 40 per cent by 2017. When proposing the dividend amount for each year, the Management Board shall also take account of the target capital adequacy.

This announcement, together with the attached document, will also be available on the Company's website at www.sava-re.si, at least five years from the date of the announcement.

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