PRVA Group

Major Shareholding Notification • Mar 2, 2017

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European Securities and
esma Markets Authority		ESMA/2016/1597
Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the competent authority)
illigantity of the issuer or tho underlying issuer of existing shares to which voting rights are at-
tached :
SKURINA PRVA, zavarovalniški holding, d.d. (English translation of company name: PRVA GROUP, insurance Wolding company, plc.), Ameriška ulica 8, 1000 Ljubljana, registration no. 158233000, VAT ID number: Sl.28012593
2. Reason for the notification (please tick the appropriate box or boxes):
Ax] An acquisition or disposal of voting rights
[] An acquisition or disposal of financial instruments
[] An event changing the breakdown of voting rights
Other (please specify)":
3. Details of person subject to the notification obligation" :
Name:	City and country of registered office (if applicable);
European Bank for Reconstruction and	One Exchange Square London EC2A 2JN
Development	United Kingdom
4. Full name of shareholder(s) (if different from 3.)':
5: Date on which the threshold was crossed or reached":
17 February 2017
Please see point 10. below for further information and disclaimer.
6. Total positions of person(s) subject to the notification obligation:
% of voting rights	% of voting rights through financial in-	Total of both in %	Total number of
attached to shares	struments	(7.A + 7.B)	voting rights of issuer".
(total of 7.A)	(total of 7.B.1 + 7.B.2)

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Resulting situation on the date on which threshold was orossed or reached	20,00 % (rounded to two decimal places)	20,00 % (rounded to two decimal places)	291,484"
Position of previous notification (if appli- cable)

7. Notified details of the resulting situation on the date on which the threshold was crossed or reached":

A: Voting rights attached to shares

Classitype of	Number of voting rights"		% of voting rights
Barates SIN code (if possi- ble)	Direct (Art 9 of Directive 2004/109/EC)	Indirect (Art 10 of Directive 2004/109/EC)	Direct (Art 9 of Directive 2004/109/EC)	Indirect (Art 10 of Directive 2004/109/EC)
PPDM (SI0021116437)	58,297		20,00 % (rounded to two deci- mal places)
SUBTOTAL A	58,297		20,00 % (rounded to two decimal places)

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC

Type of financial instrument	Expiration date" '	Exercise/ Conversion Period™	Number of voting rights that may be acquired if the instrument is exer- cised/ converted.	% of voting rights
13 13 1				ﻨﺎ ﻓﻲ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ
		SUBTOTAL B.1

1 Note: according to the Statutes of SKUPINA PRVA. zavarovalniški holding, d.d., no. SV 1015/13 dated 4 July 2013, d. there s since information from the Central Securities Clearing Comoration only 291,484 voting rights are actually issued, According to the publicly available minutes of the General Meeting of SKUPINA PRVA, zavarovalniški holding G.I., inc. STYP (17) 10 11) 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 1 af that date 18 voting rights (cut of actually issued 291,484 voting rights) were owned by SKUPINA PRVA, zavarovaling (relevel project arthat date is voling nghts (octor document is not availar rights) from the number of voting rights owned by SKUPINA PRVA, zavarovalniški holding d.d. as at the date of this notification.

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2004/109/EC		JE 2) Financial Instruments with slmilar economic effect according to Art, 13(1)(b) of Dkrective
Type of financial instrument	Expiration date"	Exercise/ Conversion Period *i	Physical or cash settlement"	Number of voting rights		% of voting rights
			SUBTOTAL B.2
		an information in relation to the person subject to the notification obligation (please tick the applica
ble box): (underlying) issuer."		((x) Rerson subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the
		[] Full chain of controlled undertakings through which the voting rights and/or the
		financial instruments are effectively held starting with the ultimate controlling natural person or
legal entity"?
		% of voting rights if it	% of voting rights through financial in-		Total of both if it equals or is higher
Name™		equals or is higher than the notifiable threshold	struments if it equals or is higher than the notifiable threshold		than the notifiable threshold
		9. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of
date)

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10. Additional Information™:
This notification is being provided under Para 5 of the Decision on information regard- ing significant holdings (Official Gazette of the Republic of Slovenia, nosl 72/2016 and 80/2016) in respect of the notification of the European Bank for Reconstruction and Development(EBRO) dated 21 February 2017.
On 17 February 2017 DEJ d.o.o. served on the European Bank for Reconstruction and Development KEBRD) ia Call Notice in connection with the Amended and Restated Put and Gall Option and Shareholders in Agreement concluded between EBRD and DEJ d.o.o., originally dated 29 March 2007 and amended and tiastated on 7 April 2014 (the Agreement is governed by the laws of Ehgland, and con- tiains, among others, a call (purchase) option of DEJ d.o.o. in respect of 58,297 regular shares with at- tached voting right of the issuer SKUPINA PRVA, zavarovalniški holding, d.d.
lay way of the Call Notice dated 17 February 2017, DEJ d.o.o. required EBRD to sell to 58;297 regular shares with attached voting right of the issuer SKUPINA PRVA, zavarovalniški holding, d.d. g the Call Notice dated 17 February 2017 had certain legal defects (which were notified by EBRO to DEJ .
ktolo.). Nevertheless; on 21 February 2017 EBRD provided SKUPINA PRVA, zavarovalnijški holding, d.d. jand the Slovenian Securities Market Agency with a notification of disposal of major shareholdings for the ipurpose of fulfilling its potentíal notification concerning a potential disposal of a major sharehold- Ing under the Slovenian Financial Instruments Market Act.
On 24 February 2017, DEJ d.o. served on EBRD a new Call Notice dated 24 February 2017, by which it repealed its Call Notice dated 17 February 2017. Consequently, no disposal of a major shareholding will take place on the basis of the Call Notice dated 17 February 2017. with the Call Notice dated 24 February 2017 DEJ d.o.o. also required (anew) EBRD to sell, to DEJ d.o.o.
all; 58,297 regular shares with attached voting right of the issuer SKUPINA PRVA, zavárovalniški;holding, (d.d.: EBRD will comply with its notification obligations related to such new Call Notice by providing SKU-
PINA PRVA, zavarovalniški holding, d.d. and the Slovenian Securities Market Agency with a separate standard form for notification of major holdings
Done at London on 27 February 2017.
European Bank for Reconstruction and Development
Mike Taylor, Directpr, SEMED & Caucasus, Financial Institutions

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