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Notice to the business partners of Zavarovalnica Triglav d.d.

Zavarovalnica Triglav signed the Declaration of Fair Business

Ethical and transparent business operations

With programmes for the compliance of operations, the Triglav Group raises the level of its corporate culture, protects the interests of all stakeholders and strengthens its good reputation. With the compliance function the company has upgraded its management model in compliance with the Solvency II directive.

The Triglav Group strives to ensure that its operations are carried out in a highly ethical, transparent and trustworthy manner. Lawful and ethical business operations create a good corporate culture, which also brings results. Research has shown that companies with good a corporate culture can boast better economic performance indicators than their competition.

In 2008 the Group initiated activities for improving the compliance of operations in the fields which required the most attention due to special legislation, supervisory bodies or business practices, i.e. personal data protection, reports and disclosures required for public limited companies, the prevention of money laundering and financing of terrorism.

Currently the Triglav Group is particularly focused of special programmes for strengthening integrity:
· the prevention of conflicts of interest
· the prevention of corruption
· compliance of the operations of suppliers, brokers and agents

Currently it is also even more oriented to the preparation of special programmes for strengthening integrity:

Objectives

The Group's objectives in ensuring the compliance are the following:

to help create a good corporate culture and implement its corporate social responsibility through legitimate, transparent and ethical decision-making and conduct
to reduce the risk of the occurrence of noncompliance and consequently to decrease loss due to noncompliance,
to demonstrate due oversight of the company
to demonstrate transparency with regard to decision-making and conduct
to protect employees from undue influence and pressure
to implement external and internal rules in actual processes in the company
to determine uniform minimum standards of conduct within the Triglav Group, applying as well to anyone linking themselves to the Triglav trademark in the market
to raise business standards in the broader economic environment

Compliance is in accordance with the fundamental goals and values of the Triglav Group, namely to:

operate highly professionally and responsibly towards employees, partners, shareholders and the broader social and natural environment
ensure transparent and safe operations
seek comparative advantages in a lawful and ethical manner

UN Global Compact Slovenia

With its activities in the field of compliance, the Triglav Group participates in the joint initiative of the representatives of the economic and public sectors within the UN Global Compact Slovenia for raising the standards of fair business and the prevention of corruption in Slovenia.

Upon the proposal of United Nations Global Compact Slovenia Zavarovalnica Triglav d.d. signed the Declaration of Fair Business. Zavarovalnica Triglav also informed its business partners about its adopted principles.

Rules on the Prevention of Conflicts of Interest

The Management Board adopted these Rules to implement new transparency procedures, especially in relation to transactions with connected persons and conducting business from which an employee could gain some material benefit or gift. In this context prohibitions have been avoided, as the Group basically trusts its employees.

The Code of Good Business Practices

Every day the Triglav Group considers the expectations of numerous stakeholders to whom it has commitments to ensure a high level of professionalism and security. Special importance is placed on gaining comparative advantages and achieving business objectives in a lawful, socially responsible and ethical manner.

Great attention is devoted to high business standards in order to strengthen the integrity of everyday business practices and thus foster the pride of the Group’s employees, the loyalty of its clients and the trust of its partners. The basis for this is the Code of Good Business Practices of Zavarovalnica Triglav, which sets an example for the entire Triglav Group.

The fundamental principles and rules of business conduct will gradually become common to all Triglav Group members, which will help strengthen its good reputation in the broader region, implement the strategy and harmonise different corporate cultures, in line with the mission to create a safer future for all stakeholders.