Pozavarovalnica Sava

AGM Information • Aug 30, 2016

JOINT STATEMENT OF THE SUPERVISORY AND MANAGEMENT BOARDS OF POZAVAROVALNICA SAVA D.D. ON THE COMPLETED REVIEW OF THE TRANSACTION TO PURCHASE THE PROPERTY AT BARAGOVA ULICA STREET 5, LJUBLJANA (ACH PROPERTY)

The supervisory and the management boards of Pozavarovalnica Sava d.d. exchanged of their positions regard the findings resulting from the completed review of the transaction to purchase the property at Ljubljana, Baragova ulica street 5 (ACH Property). While it was not possible in the discussion between the management and supervisory boards to harmonise all the positions, both the supervisory board and the management board will be considering additional measures to improve the business processes and the cooperation between the two boards.

Nevertheless, the management and the supervisory boards are in full agreement that it is necessary to focus on future activities of the Sava Re Group, following the Group's adopted stratgy. It is only by engaging in real business challenges that we will be able to enhance the strength and stability of the Sava Re Group and its excellent business results.

Jošt Dolničar, Branko Tomažič, Chairman of the management board Chairman of the supervisory board of Pozavarovalnica Sava, d.d. of Pozavarovalnica Sava, d.d.

Ljubljana, 29 August 2016