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24 August 2011

Notice on Increase in Zavarovalnica Maribor Holding

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

In line with its strategy, Sava Reinsurance Company has bought 360.199 additional shares in Zavarovalnica Maribor in the recent days and now owns 6.062.316 shares of the insurer. The latest purchase was entered in the central securities register at KDD yesterday, on 23 August 2011.

Through these additional acquisitions, Sava Reinsurance Company's holding in Zavarovalnica Maribor increased from 45,79 percent to 48,68 percent. Sava Reinsurance Company is the second largest shareholder of Zavarovalnica Maribor.

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