7 October 2021

Supervisory board reappoints Marko Jazbec as CEO

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

At today’s session, the Sava Re supervisory board reappointed Marko Jazbec, whose five-year term of office expires on 12 May 2022, as the chairman of the management board for a further term. The new five-year term starts on 13 May 2022.

Davor I. Gjivoje Jr, chairman of the supervisory board, stated: “The supervisory board believes that under the chairmanship of Marko Jazbec the management of the Company is working well and is making very good progress on its strategy. Despite the challenging situation in capital markets, both Sava Re and the Sava Insurance Group, under Mr. Jazbec’s leadership, to-date have delivered excellent, and even arguably exceptional, results. With preparations for the 2023–2027 strategy already underway, the supervisory board believes that the reappointment of Mr. Jazbec will ensure continuity and continued excellence in the development of the Company and the Group.”

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