In accordance with the rules of the Ljubljana Stock Exchange, Ljubljana, and applicable legislation, Sava Re d.d., Dunajska 56, Ljubljana, announces that it is considering options for issuing subordinated bonds (Tier 3) to optimise the capital structure of the Sava Insurance Group and provide funds for its further growth.

The bonds will be issued if market conditions are favourable and will be aimed at well-informed investors outside the United States of America.

This information does not constitute a public offer of bonds within the meaning of the Market in Financial Instruments Act (ZTFI-1) or Regulation (EU) 2017/1129, nor does it place Sava Re d.d. under any obligation to proceed with the bond issue.

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