Pursuant to the rules of the Ljubljana Stock Exchange d.d., Ljubljana, and applicable legislation, Sava Re d.d., Ljubljana, announces the following:

On 18 June 2020, Sava Re d.d. received, from its notary, a decision of the Ljubljana District Court on the entry of changes to the data maintained by the register of companies, decision no. Srg 2020/17496 dated 17 June 2020.

In accordance with this decision, Srečko Čebron was stricken off the register of companies as a member of the Sava Re management board as of 31 May 2020.

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