Pursuant to the Rules of the Ljubljana Stock Exchange, d.d., Ljubljana and relevant legislation, Sava Re d.d., Ljubljana hereby announces the following:

Yesterday, on 16 December 2009, Sava Reinsurance Company d.d. was served a final ruling from the District Court of Ljubljana ref. no. V Pg 2329/2009 on the staying of the proceedings in the corporate case of challenging a general meeting resolution.
The action was filed against Sava Reinsurance Company on 24 July 2009 by the shareholder Dr. Edo Pirkmajer, upravljanje d.o.o., komanditna družba, Ljubljana, to challenge the resolution adopted under agenda point 4 ("Election of the Members of the Supervisory Board") in the 22nd regular General Shareholders Meeting of Sava Re d.d. on 3 July 2009.
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