Top ten shareholders of Sava Re as at 31 December 2025

Shareholder Number of shares Holding % voting rights
Intercapital Securities Ltd. (fiduciary account) 3,296,436 19.1% 21.3%
Slovenian Sovereign Holding 3,043,883 17.7% 19.6%
Republic of Slovenia 2,392,436 13.9% 15.4%
European Bank for Reconstruction and Development (EBRD) 1,071,429 6.2% 6.9%
OTP Banka d.d. (fiduciary account) 917,063 5.3% 5.9%
Modra Zavarovalnica d.d. 714,285 4.1% 4.6%
Hrvatska Poštanska Banka (fiduciary account) 392,750 2.3% 2.5%
Guaranteed civil Servants’ Sub-fund 320,346 1.9% 2.1%
Kapitalska Družba d.d. – SODPZ 238,109 1.4% 1.5%
Modri zajamčeni podsklad 168,150 1.0% 1.1%
Total 12,554,887 72.9% 81.0%
Sava Re* 1,721,966 10.0% -

* Own shares carry no voting rights.

Source: Central securities register KDD d.d.

As at 31 December 2025, the split between Slovenian and international shareholders was 64.9% and 35.1%, respectively.

Shareholder structure of Sava Re as at 31 December 2025

Type of investor % held by domestic investors % held by international investors
Insurance and pension companies 17.9% 0.0%
Other financial institutions* 17.9% 19.7%
Government 13.9% 0.0%
Natural persons 11.3% 0.1%
Investment funds and mutual funds 1.7% 0.0%
Other commercial companies 2.2% 0.3%
Banks 0.0% 15.0%
Total 64.9% 35.1%

* The other financial institutions item includes Slovenian Sovereign Holding with a stake of 17.7%.

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