Pursuant to the Rules of the Ljubljana Stock Exchange, Ljubljana, and applicable legislation, the Management Board of Sava Reinsurance Company hereby announces that on 8 May 2013, it obtained a decision from the Slovenian Securities Market Agency on the approval of the prospectus and on 9 May 2013 a decision on the correction of the operative part of the decision dated 8 May 2013, for the offering of no more than 7.857.143 new shares of Sava Reinsurance Company (with ticker POSR) for a maximum total issue amount of EUR 55.000.001,00 in the Republic of Slovenia.
This marks the commencement of the offering of new shares of Sava Reinsurance Company, which is scheduled to conclude on 21 June 2013. In the period up until 20 May 2013, we will collect non-binding bids from invited Existing Shareholders, Large Investors, Institutional Investors and an Invited Investor. After this procedure is concluded, the final issue price per new share will be determined in the range from EUR 7 and EUR 9. The issue price will be published on 21 May 2013.
Commencement of the subscription for new shares will be on 23 May 2013. In the first round, new shares can be subscribed only by the Existing Shareholders based on their pre-emptive right, the relevant record date being 11 January 2013, the date of the General Meeting resolution. The first round of subscription will last until 6 June 2013.
The second round of subscription, in which new shares can be subscribed by Retail Investors, will begin on 10 June 2013 and last until 17 June 2013.
The third round of subscription, from 10 June 2013 to 21 June 2013, is intended for Large Investors, Institutional Investors and the Invited Investor.
The offering of new shares to Existing Shareholders and Retail Investors in the Republic of Slovenia will be based on a prospectus, while the offering to Institutional and Large Investors, and the Invited Investor will be based on an exemption from the prospectus requirement. The English language translation of the prospectus will be published with restricted access at the Company's website www.sava-re.si as from Monday, 13 May 2013.
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.
Pozavarovalnica Sava dd (or Sava Reinsurance Plc), also known as Sava Re dd, is a Slovenia-based reinsurance undertaking. It operates as a parent company of Sava Re Group, which comprises direct insurance and pension undertakings. The Companyâs activities are divided into four segments: Reinsurance operations, Non-life insurance operations, Life insurance operations and Other business segment. The Reinsurance operations segment comprises treaty and facultative arrangements for intra-group clients and insurance and reinsurance partners worldwide. The Non-life insurance operations segment supports local markets with non-life insurance products and customer oriented services. The Life insurance operations segment is focused on life protection and saving products, including pension schemes. The Other business segment comprises operations of the Companyâs non-insurance subsidiaries. Sava Re Group operates through subsidiaries in Slovenia, Croatia, Serbia, Macedonia, Montenegro and Kosovo.
POZAVAROVALNICA SAVA, D.D. 
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