ZAVAROVALNICA TRIGLAV, d.d. PRESS CONFERENCE LISTING OF ZAVAROVALNICA TRIGLAV ON THE LJUBLJANA STOCK EXCHANGE PRIME MARKET Ljubljana, 2 December 2011

ZAVAROVALNICA TRIGLAV, d.d. The Group’s key business pillars are : Insurance Asset management ‘Banking’ The Triglav group: Zavarovalnica Triglav d.d. as controlling company, 31 subsidiaries and 12 associated companies Present in eight markets Key market: SE Europe Key figures for H : Gross written premium: EUR million (-1%) Net profit: EUR 34.1 million (+90%) Combined ratio: 89.0% (-9 pp) Equity: EUR million (+3%). Key figures of Zavarovalnica Triglav for : Gross written premium: EUR million (- 3%) Net profit: EUR 35.1 million (+9.6%) Combined ratio: 83.3% (-6.8 pp) TRIGLAV GROUP PRESENTATION “A” credit rating by S&P for the fourth consecutive year 2

ZAVAROVALNICA TRIGLAV, d.d. 3 LISTING OF ZAVAROVALNICA TRIGLAV ON LJSE PRIME MARKET Characteristics of Prime market  The most prestigious segment of the stock market  Intended for larger established companies with a reputation for transparent operations  Enables increased profile towards foreign investors  Increased opportunities for raising further capital  Strengthening of investor relations and communication and further increase in transparency of operations

ZAVAROVALNICA TRIGLAV, d.d. 4 Reasons for admission to Prime market  Increased share liquidity  Additional commitment to investors to comply with higher reporting standards and transparency of operations decreases risk of investment in ZVTG  Increased visibility among international investors enables access to a broader investor network  Increased opportunities for raising further capital  Further use of LJSE roadshow services and promotion among international investors and support in disclosure and corporate governance in compliance with the highest reporting standards LISTING OF ZAVAROVALNICA TRIGLAV ON LJSE PRIME MARKET

ZAVAROVALNICA TRIGLAV, d.d. 5 THE ZAVAROVALNICA TRIGLAV SHARE

ZAVAROVALNICA TRIGLAV, d.d. 6 ZAVAROVALNICA TRIGLAV SHAREHOLDERS Top ten shareholders of Zavarovalnica Triglav as at 30 September 2011

ZAVAROVALNICA TRIGLAV, d.d. 7 PERFORMANCE OF ZAVAROVALNICA TRIGLAV Profit before taxNet profit Net profit/loss by year +28.8% +9.6%

ZAVAROVALNICA TRIGLAV, d.d. 8 PERFORMANCE OF ZAVAROVALNICA TRIGLAV Gross written premium for insurance and co-insurance Total GPW Non life GPW Life GPW Decrease in GPW due to:  Strategic focus on profitability in non- life insurance  Lower demand for life insurance products and aging of the life insurance portfolio  Stricter market conditions -3.3% -2.6% -3.1%

ZAVAROVALNICA TRIGLAV, d.d. 9 PERFORMANCE OF ZAVAROVALNICA TRIGLAV Gross claims paid Total claims Non life claims Life claims  More emphasis put on risk selection and underwriting  Effective reinsurance protection adapted to new business conditions (higher frequency and intensity of CAT events in recent years, financial crises)  claims settled increased due to maturities and surrenders of life-insurance policies -8.3% +44.7% +4.1%

ZAVAROVALNICA TRIGLAV, d.d. 10 PERFORMANCE OF ZAVAROVALNICA TRIGLAV Gross operating costs Total operating costs Non life operating costs Life operating costs  Acceptance of economising measures  Lower cost of labour  Total costs still influenced by investments in new insurance software -3.8% +1.9% -2.6%

ZAVAROVALNICA TRIGLAV, d.d. 11 PERFORMANCE OF ZAVAROVALNICA TRIGLAV Combined ratio Expense ratio Claims ratio Combined ratio - by year Combined ratio below 100% - premium earned is sufficient to cover claims paid and costs, which means the company operates at a profit. Claims ratio below 100% - premium earned is sufficient to cover claims. Claims payable/premiums Expense ratio – expense/net premium earned p.p p.p p.p.

ZAVAROVALNICA TRIGLAV, d.d. 12 PERFORMANCE OF ZAVAROVALNICA TRIGLAV Capital adequacy and insurance technical provisions Insurance technical provisionsCapital adequacy

ZAVAROVALNICA TRIGLAV, d.d. Triglav Group values 13 ProfessionalismSafety Corporate social responsibility Triglav value system

ZAVAROVALNICA TRIGLAV, d.d. 14 ZAVAROVALNICA TRIGLAV – CORPORATE SOCIAL RESPONSIBILITY Key value, incorporated in every business decision  Maintenance of long-term business partnerships, ensuring mutual progress  Active presence and activity in environment  Identification of environment’s needs and response to these  Efforts to mitigate adverse effects on the environment

ZAVAROVALNICA TRIGLAV, d.d. 15 CSR PROJECTS Lets clean the mountains Waste separation and taking note of ecological principle Personal glass water bottles– good for employees and environment Taking children to World ski jumping final in Planica Prommoting of cycling Employee training Watch puppy Looks after children Development of corporate volunteering Otroci Triglava – brezskrbni v igri, povezani z naravo 15

ZAVAROVALNICA TRIGLAV, d.d. 16 TRIGLAV’S CHILDREN Safe at play, connected to nature Objective of project: Upgrading childrens’ playgrounds around Slovenia Playground selection: public tender for municipalities and local communities (published in Slovene newspapers) Partners: Business partners of Zavarovalnica Triglav, municipalities, institutions 16

ZAVAROVALNICA TRIGLAV, d.d. 17 TRIGLAV’S CHILDREN Public tender Tender announcement: 2 December 2011 ( Invited to apply: municipalities and local communities Playgrounds: up to 5 playgrounds to be upgraded Application deadline: 15 February 2012 Completion of project: June

ZAVAROVALNICA TRIGLAV, d.d. 18 TRIGLAV’S CHILDREN Inclusion of all stakeholders Local communities: Problem identification, initiators of change Business partners: Professional and financial support Zavarovalnica Triglav employees: Inclusion through corporate volunteering Shareholders and investors: CSR is competitive advantage of Triglav Children: Better future for everyone 18

ZAVAROVALNICA TRIGLAV, d.d. Building a safer future 19