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21 May 2020

Insurance Supervision Agency’s measure regarding dividend payment

Pursuant to the rules of the Ljubljana Stock Exchange d.d., Ljubljana, and the applicable legislation, Sava Re d.d., Ljubljana, makes the following announcement:

At the end of March 2020, the Insurance Supervision Agency sent a letter to all (re)insurance and pension companies expressing its expectations regarding temporary suspension of dividend payment until at least 1 October 2020. Sava Re followed the recommendation. When calling the 36th general meeting of shareholders, the management and supervisory boards proposed to the general meeting to adopt a resolution not to distribute to shareholders the distributable profit for 2019.

Sava Re is informing the public that on 20 May 2020, it received the Insurance Supervision Agency’s measure regarding dividend payment, in which the Agency expressed its expectation that (re)insurance and pension companies will suspend dividend payment until at least 1 October 2020.

The document “Insurance Supervision Agency’s measure regarding dividend payment” is attached.

Documents

• Insurance Supervision Agency’s measure regarding dividend payment