Triglav Group to Acquire the Slovene Asset Management Company ALTA Skladi

In accordance with the Ljubljana Stock Exchange Rules and the applicable legislation, ZAVAROVALNICA TRIGLAV d.d., Ljubljana, hereby publishes the following notice:

On 21 September 2018, Triglav Skladi, a Triglav Group member, and the seller ALTA Skupina signed an agreement to acquire a 100% stake in the Slovene asset management company ALTA Skladi. The agreement was entered into under suspensive conditions, among others the condition that the approval of the regulators is required. The purchase price excluding adjustment for net debt is EUR 21.7 million, a part of which is contingent on future payments made into the funds of the acquiree.

The acquisition is consistent with the strategic guideline of the Group to continue to strengthen its asset management business in the strategic period to 2020 because, in addition to insurance, asset management is one of the two key business pillars of the leading insurance/financial group in Slovenia and the Adria region. Integration of both asset management companies within Triglav Group will be a strong guarantee for their clients to be provided asset management services of the highest quality also in the future.

With almost 10% market share, ALTA Skladi is the fifth largest asset management company in the Slovene mutual funds market. In 22 mutual funds, it manages over EUR 270 million in assets on behalf of its clients. Triglav Group has a long tradition and rich experience in the Slovene mutual funds market. Through its subsidiary Triglav Skladi, the Group has been active on the Slovene market since 1994, where it currently ranks second with a 26% market share. In its 17 mutual funds and discretionary mandates, it effectively manages over EUR 750 million in assets on behalf of its clients by providing them a wide range of investment opportunities and forms of saving.

The acquisition of ALTA Skladi is an important step towards developing the Group’s asset management business. In this way, the Group will not only increase the volume of assets under management but also acquire new clients, to whom it is be able to offer its quality and comprehensive products and services. The planned synergistic effects resulting from the integration of both asset managers within the Group will be a solid basis for further effective development of the Group’s asset management business.

This information will be published on the website of Zavarovalnica Triglav d.d. at www.triglav.eu as of 21 September 2018 and will remain available on the Company's public website for a period of at least five years.