Tuesday, 02/12/2014

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 % of the Company's issued shares (including own shares). As part of the Company's Share Repurchase Programme published on 18 November 2014, the Company carried out a share repurchase procedure on the OTC market between 24 and 26 November 2014. 

The Company informs the public that in this way it purchased 368,099 own shares at the Determined Price of € 16.30 per share for a total amount of € 6,000,013.70. 

The purchases were made through the companies ALTA Skupina d.d. and ALTA Invest d.d. 

The total number of own shares prior to this purchase was 349,790, which represents 2.03 % of the Company's issued shares. The total number of own shares after the this purchase is 717,889, which represents 4.17 % of the Company's issued shares. 

No purchases of own shares in the regulated market have been made since the Company's last announcement. 

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.

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