Pursuant to the rules of the Ljubljana Stock Exchange and applicable regulations, the Management Board of Sava Re d.d. hereby calls the 23rd Regular General Meeting of Shareholders to be held on Wednesday, 30 June 2010, at 10:00 hrs, at the conference hall on the ground floor of the TR3 building, Trg republike 3, 1000 Ljubljana, Slovenia.

The General Meeting materials are available, from the day of the General Meeting notice to the day of the General Meeting, in the Company secretary's office every working day between 9:00 and 15:00 hrs, and online from the Company's official website www.sava-re.si and through the SEO-net electronic information system (www.ljse.si). These materials include proposals for resolutions with explanations, the wording of the amendments to the Articles of Associations with explanations, the consolidated text of the Articles of Association, the Annual Report of Sava Reinsurance Company and the Sava Re Group for 2009, the Report of the Supervisory Board, Statement of Compliance and other materials pursuant to Article 297, paragraph 2 of the Companies Act ZGD-1.

Pursuant to the Company's Articles of Association, the notice of the 23rd General Meeting is printed in today's issue (28 May 2010) of the daily newspaper Delo.

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

The Management Board