Thursday, 06/02/2014

Pursuant to the Rules of the Ljubljana Stock Exchange, d.d., Ljubljana and the Market in Financial Instruments Act, Pozavarovalnica Sava d.d., Dunajska 56, 1000 Ljubljana ("Sava Reinsurance Company"), hereby announces the following: 

After December's announcement that Sava Reinsurance Company would recognise impairment losses on its subordinated bonds of Slovenian banks, credit rating agency AM Best started a review of the Company's capitalisation, as measured by the agency's model, to examine whether it still supported the Company's credit rating. 

Upon completion of the review, AM Best announced that it affirmed Sava Reinsurance Company's A- rating with a stable outlook, as the Company's capitalisation remains at a high level. 

Notwithstanding the extraordinary events of the past year, the Sava Re Group will be posting a profit. In accordance with the financial calendar, the company will announce unaudited consolidated financial statements on 18 March. 

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

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