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

Further to our announcement about the purchase of a 49-percent share of the property insurer Kompania e Sigurimeve Dukagjini, sh.a. published on 4 January 2010, Reinsurance Company Sava, d.d. hereby announces that, on 2 February, the newly acquired shares of the Kosovan company were transferred to Reinsurance Company Sava d.d., which thus became sole owner of the company.

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

Pursuant to the Rules of the Ljubljana Stock Exchange d.d., Ljubljana and relevant legislation, Sava Reinsurance Company d.d., Dunajska 56, 1000 Ljubljana, hereby announces the following:

In accordance with Articles 106 and 386 of the Financial Instruments Market Act (Official Gazette of the Republic of Slovenia, no. 67/2007) relating to the publication of regulated information, Sava Reinsurance Company d.d. hereby announces that on 3 February 2010 the Board of Directors of the fund management company Sava Invest a.d. with registered office at Partizanski odredi 43b/1-03, Skopje, Macedonia, adopted the decision to voluntarily wind up the legal entity. This decision triggers proceedings for the liquidation of the investment funds Sava Invest Rasteči and Sava Invest Balansirajuči before the competent authorities in the Republic of Macedonia. The assets of the funds are, subsequent to settlement of any debts, distributed among investors in proportion to their investments.

Sava Invest a.d. is jointly owned by Sava Reinsurance Company d.d. and the insurer Sava Tabak a.d.o. based in Skopje, Macedonia, and is a subsidiary of the Sava Re Group. The global economic crisis with strong repercussions in stock markets impacted the results of the company. We believe that the investment will not yield satisfactory results in the short term, neither is the activity complementary to the Group's core business.

Over the past three years, we developed an insurance group with the long-term goal of providing the highest-quality insurance and financial services in its target markets. We wish to continue providing our clients with quality service and our shareholders with the planned returns; therefore, the Sava Re Group remains committed to tradition and to its primary activities, insurance and reinsurance.

The decision on the winding up of Sava Invest a.d. has no influence on the existence and operation of Sava Tabak a.d.o., the second largest general insurer in Macedonia with an 18% market share.
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

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

Sava Reinsurance Company d.d. hereby publishes its Financial Calendar 2010 as attached hereto.
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

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

Sava Reinsurance Company d.d. signed a contract to purchase 49% of the shares of Kosovan non-life insurer Dukagjini kompania e sigurimeve sh.a., a company already majority-owned by Sava Re. The fixed portion of the purchase price for the 49-percent share of EUR 8.5 million is scheduled to be settled at the beginning of 2011. In addition, the purchase price includes a variable portion dependent on the business results of the target company in 2010 and 2011, the total purchase price not exceeding EUR 9.5 million. The shares will be transferred to Sava Re already in 2010.

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

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

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, 16 December 2009, Sava Reinsurance Company released an announcement on the entering into force of a put option on Zavarovalnica Maribor shares. This announcement adds some more details.

On 15 December 2009, Sava Reinsurance Company was notified by Zavarovalnica Maribor that on 7 December 2009, the District Court of Maribor entered the increase in the share capital of Zavarovalnica Maribor based on the stock offering carried out on 30 October 2009. Upon the decision on the entering of the increase in share capital into the Court Register becoming final, the put option contract on "new" shares of Zavarovalnica Maribor acquired by Pozavarovalnica Sava entered into force, the contract being made between Pozavarovalnica Sava and Nova KBM on 23 October 2009. The subject of the put option is the right of Sava Reinsurance Company to sell Zavarovalnica Maribor shares, however, up to the number of shares acquired in the stock offering, i.e. 1.558.048 shares. The strike price of the put option is EUR 4,1729 (the stock offering price) plus 10,5% per annum, starting to accrue as of the date of entering the capital increase in the court register.

Sava Reinsurance Company may exercise its right to sell as from 1 April 2010 up until three years after the registering of ownership on the shares.
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

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 15 December 2009, Sava Reinsurance Company was notified by Zavarovalnica Maribor that on 7 December 2009, the District Court of Maribor entered the increase in the share capital of Zavarovalnica Maribor based on the stock offering carried out on 30 October 2009.

Upon the decision on the entering of the increase in share capital into the Court Register becoming final, the put option contract on "new" shares of Zavarovalnica Maribor acquired by Pozavarovalnica Sava entered into force, the contract being made between Pozavarovalnica Sava and Nova KBM on 23 October 2009. The subject of the put option contract is the right of Sava Reinsurance Company to sell Zavarovalnica Maribor shares, however, up to the number of shares acquired in the stock offering. Sava Reinsurance Company may exercise its right to sell from 1 April 2010 up until three years after the registering of ownership on the shares.
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

Pursuant to the Rules of the Ljubljana Stock Exchange d.d., the company Sava Re d.d. Ljubljana hereby announces business results for the first nine months of 2009.

The report for the nine months to 30 September 2009 is attached hereto.

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

The Management Board

Sava Re will participate in the pre-emption offering by Zavarovalnica Maribor with at least the amount Sava Re is entitled to under its pre-emptive right.

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

Sava Re received from the Ljubljana District Court (Okrožno sodišče v Ljubljani) an action challenging a GM resolution. The action was filed on July 24, 2009 by the shareholder Dr. Edo Pirkmajer, upravljanje d.o.o., komanditna družba, Cesta na Rožnik 19, Ljubljana, and challenges the resolution adopted under agenda point 4 ("Nomination of the Members of the Supervisory Board") adopted on July 3, 2009 at the 22nd regular General Shareholders Meeting of Sava Re. Sava Re will respond to the action within the prescribed time limit.

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

At its third session held on 23 September 2009, the Sava Re Supervisory Board discussed the capital increase in Sava Re’s affiliate Zavarovalnica Maribor (Insurance Company Maribor).

Pursuant to Article 112 of the Financial Instruments Market Act (Official Gazette of the Republic of Slovenia no. 67/07 including amendments), the Management Board of Sava Reinsurance Company d.d. Ljubljana, with registered office in Ljubljana, Dunajska 56, 1000 Ljubljana, hereby publishes the Unaudited Semi-annual Report of Sava Re d.d. and the Sava Re Group for the period from 1 January to 30 June 2009 in the Slovenian language.

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

On 27 August 2009, the rating agency Standard & Poor's published a new rating report for Sava Reinsurance Company d.d. and reaffirmed its long-term counterparty credit and financial strength rating of A- with a stable outlook.

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

At its second session held on 25 August 2009, the Sava Re Supervisory Board was presented the Unaudited semi-annual report of Sava Re d.d. and the Sava Re Group for the period from 1 January to 30 June 2009.

Pursuant to decision no. Srg 2009/20902 of the Ljubljana District court dated 31 July 2009, the Court Register was amended to include new Supervisory Board Members.

On 20 July 2009 the constitutive meeting of the Sava Re Supervisory Board was held.

Pozavarovalnica Sava, d.d., Ljubljana hereby publishes the resolutions of the 22nd General Meeting, held on 3 July 2009, starting at 13.00 hrs, at the conference hall on the ground floor or the TR3 office building, Trg republike 3, 1000 Ljubljana.

Based on Articles 298 and 300 of the Slovenian Companies Act (Zakona o gospodarskih družbah, Official Gazette of the Republic of Slovenia, no. 42/06, as amended in ZGD-1), the Management Board of Pozavarovalnica Sava d.d. advises all interested parties that a counter-proposal was made to point 4 of the agenda of the 22nd General Meeting of Shareholders ("Election of Supervisory Board Members").

On 28 May 2009 the 40th regular meeting of the Sava Re Supervisory Board was held.

The report on operations in the first quarter of 2009 available.

Pursuant to the rules of the Ljubljana Stock Exchange and applicable regulations, the Management Board of Sava Re d.d. hereby convenes the 22nd Regular General Meeting of Shareholders to be held on Friday, 3 July 2009, at 13:00 hrs, at the conference hall on the ground floor of the TR3 building, Trg republike 3, 1000 Ljubljana, Slovenia.

Pursuant to Article 171 of the Slovenian Insurance Act (ZZavar - UPB, Official Gazette of the Republic of Slovenia, no. 109/06, as amended), Sava Re d.d. published today, in the daily newspaper Finance, a summary of the audited annual report for the financial year 2008 including an auditor's opinion specifically intended for publication and an opinion by the appointed actuary.

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 Management Board and the Supervisory Board of Sava Re d.d. declare compliance with the principles laid down in the Corporate Governance Code for Public Joint-Stock Companies for the period from the date when the Sava Re POSR share was floated on 11 June 2008 up to 16 April 2009.

Today the 38th Sava Re Supervisory Board meeting took place.

Pursuant to the Decision of the Ljubljana District Court no. Srg 2009/8930 dated 3 April 2009, as of 30 March 2009 the former Supervisory Board Chairman Mag. Marko Pogačnik is stricken off the Company register; as of 31 March 2009, Dr. Timotej Jagrič is entered, into the Company Register, as Chairman of the Supervisory Board and Dr. Edo Pirkmajer as Deputy Chairman.

In its 36th meeting on 27 March 2009, the Sava Re Supervisory Board was presented the unaudited and unconsolidated financial statement for the financial year 2008.

In its correspondence meeting on 31 March 2009, the Supervisory Board of Sava Re d.d. was presented the irrevocable resignation of Mag. Marko Pogačnik from the function of Chairman and Member of the Supervisory Board as from 30 March 2009.

On 27 March 2009, the 36th Supervisory Board meeting was held.
In its 36th meeting on 27 March 2009, the Supervisory Board discussed the Unaudited Unconsolidated Sava Re Annual Report for 2008 and the strategic and financial plan of Sava Re for 2009.

On 23 March 2009, Sava Re, d.d., Dunajska 56, 1000 Ljubljana was notified by Abanka Vipa d.d., Slovenska 58, 1517 Ljubljana of the fact that on 18 March 2009 it acquired 325 shares of Sava Re d.d. with the symbol POSR accounting for 0,000035 % of the capital stock with voting rights.

The Management Board of Sava Re d.d., Dunajska 56, 1000 Ljubljana,
hereby cancels the notice of the 22nd General Meeting of the Company.

A few days ago, two employees of Sava Tabak, Skopje, were detained. Sava Tabak is a member of the Sava Re Group; one of the detained employees was an executive director of the Company.

Sava Re is publicly announcing that the above fact is in no way related to the operations of the Macedonian insurer Sava Tabak or any other member of the Sava Re Group.

Sava Re received from the Croatian Financial Services Supervision Agency permission to acquire a qualifying shareholding of over 50% in the companies Velebit Osiguranje, d.d., Zagreb and Velebit životno osiguranje, d.d., Zagreb.

Pursuant to the rules of the Ljubljana Stock Exchange and applicable regulations, the Management Board of Sava Re d.d. hereby convokes the 22nd Regular General Meeting of Shareholders to be held on Friday, 3 July 2009, at 13:00 hrs, at the conference hall on the ground floor of the TR3 building, Trg republike 3, 1000 Ljubljana, Slovenia.

On 12 February 2009, the 34th regular Supervisory Board meeting was held.

Pursuant to decision no. Srg 2009/3088 of the Ljubljana District court dated 4 February 2009, an entry was made to the Company Court Entry.

Sava Re d.d. hereby publishes the Financial Calendar for 2009

Sava Re d.d. received decision no. Srg 2008/42889 of the Ljubljana District court dated 8 January 2009 about the entered change in the Court Register on the representation of the Company.

On September 24, 2008 Standard&Poor’s upgraded Sava Re from BBB+ (“good”) to A- (“strong”) with a stable outlook.

Today Sava Re held its 20th general meeting of shareholders. The general meeting authorized the management board to increase the share capital of the Company upon recording the amendment of the Company articles of association in the Company register and upon consent of the supervisory board without any further resolution of the general meeting.

Interim results for twelve months to 31 December 2007.

Interim results for first nine months to 30 September 2007.

Today Sava Re finalised the acquisition of the Montenegrin insurer Montenegro Osiguranje.

Sava Re and the owners of Montenegrin insurer Montenegro Osiguranje signed a partnership agreement.

Interim results for first six months to 31 July 2007.

Annual report for 2006

Interim results for first three months to 31 March 2007.

Tomorrow Sava Re will be the owner of 7.972 shares of the Macedonian insurer Tabak, corresponding to 53,65 percent of Tabak's capital stock at the price of MKD 404.332.881 (EUR 6,6 million). The order for this transaction was placed after Sava Re obtained permission for the acquisition of this shareholding from the Macedonian Ministry of Finance.

Today the AGM appointed four representatives of capital to the Sava Re Supervisory Board.

At noon today the 16th Annual General Meeting of Sava Re was held. At the Meeting 99,9319% of share capital was represented.

Sava Re closed 2004 with a pre-tax profit of SIT 1.866.364.000 (EUR 7.813.582) and an after-tax profit of SIT 1.429.988.000 (EUR 5.986.683). These results are within the profit targets set for the year. 2004 was marked by a considerably high loss burden, especially for domestic business. Results were better in the segment of foreign-sourced business, which produced a favourable claims ratio.

New Chairman and Deputy Chairman of Sava Re Supervisory Board elected.

Supervisor grants Board license to Zvonko Ivanusic.

The Supervisory Board appointed a new Board of Management.

Today Sava Re acquired 25 percent + 1 share of the Croatian insurer Osiguranje Helios.

Today the Annual General Meeting of Sava Re took place. The meeting was informed of the resignation of two Supervisory Board Members and voted on the appointment of new Superviosry Board Members.

The Company amends agenda of Annual General Meeting

The Supervisory Board of Sava Re adopts the Company’s Annual report and accounts for 2003.

Today Professor Pavliha tendered his resignation as member of the Supervisory Board of Sava Re.

Sava Re ends 2003 with high profit.

The Company generated a gross profit of SIT1.3bn in the first six months, which indicates that the Company will be able to achieve its year-end target.

Igor Kusar elected Chairman of the Supervisory Board of Sava Re.

Prof. Dr. Marko Pavliha, member of the Supervisory Board of Sava Re, was appointed Secretary-General to the Comite Maritime International.

Today the Annual General Meeting was held, the first general meeting after the ownership transformation of Sava Re; new members of the Supervisory Board appointed.

Tomorrow, on 7 May 2003, Sava Re will publicly announce the notice of the "first" post-ownership-transformation Annual General Meeting, which will take place on 9 June 2003. This "first" AGM will mark the end of the process of ownership transformation.