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

Pursuant to Article 110 of the Financial Instruments Market Act, the Group publishes the non-official English language translation of the full Audited Annual Report of Sava Reinsurance Company and the Sava Re Group for 2009.

The consolidated financial statements include the following companies:

1. Pozavarovalnica Sava, d.d., Ljubljana (Reinsurance Company Sava), Slovenia
2. Zavarovalnica Tilia, d.d., Novo mesto, Slovenia
3. Sava osiguranje, a.d.o., Belgrade, Serbia
4. Kompania e Sigurimeve Dukagjini, sh.a., Pristina, Kosovo
5. Sava Tabak, a.d.o., Skopje, Macedonia
6. Bro-Dil, a.d., Skopje, Macedonia
7. Sava Montenegro, a.d., Podgorica, Montenegro
8. Sava Invest, a.d., Skopje, Macedonia
9. Kompania për Sigurimin e Jetës Dukagjini Life, sh.a., Pristina, Kosovo
10. Sava životno osiguranje, a.d.o., Belgrade, Serbia
11. Velebit usluge, d.o.o., Zagreb, Croatia
12. Velebit osiguranje, d.d., Zagreb, Croatia
13. Velebit životno osiguranje, d.d., Zagreb, Croatia
14. Bro-Dil, a.d., Skopje, Macedonia
15. Dukagjini Hospital, sh.p.k., Pristina, Kosovo.

On 30 April 2010, the Company published the Audited Annual Report of Sava Reinsurance Company and the Sava Re Group for 2009 in Slovenian and a non-official English language translation of the Audited Annual Report of the Sava Re Group.

This announcement will also be available on the Company’s website www.sava-re.si (Investor relations/Business results), at least five years from the date of the announcement.

The Management Board