In accordance with Article 110 of the Financial Instruments Market Act, the Company publishes the audited annual report of Sava Re d.d. and the Group for the financial year 2008.
The consolidated financial statements include the financial statements of the following companies:

1. Pozavarovalnica Sava, d. d., Ljubljana, Slovenia
2. Zavarovalnica Tilia, d. d., Novo mesto, Slovenia
3. Sava Osiguranje a. d. o., Belgrade, Serbia
4. Dukagjini kompania e sigurimeve sh. p. k., Priština, Kosovo
5. Akcionersko društvo za osiguruvanje Sava Tabak a. d. o., Skopje, Macedonia
6. Montenegro osiguranje a. d., Podgorica, Montenegro
7. Bro-dil a. d., Skopje, Macedonia
8. Sava Invest a. d., Skopje, Macedonia
9. Sava životno osiguranje a. d. o., Belgrade, Serbia
10. Dukagjini Life sh. a., Priština, Kosovo


The Board of Management