Proposed dividend of EUR 2.80 gross per share

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

The Management Board and the Supervisory Board of Zavarovalnica Triglav will propose to this year's General Meeting of Shareholders a dividend of EUR 2.80 gross per share, totalling EUR 63.7 million, representing a 60% increase compared to last year. The proposal currently reflects a dividend yield of 6% on the ZVTG share, surpassing the expected average dividend yield of European insurance companies' shares for this year.

The Triglav Group delivered strong results in 2024, driven by both increased business volume and certain one-off events. It achieved net earnings of EUR 131.4 million and earnings before tax of EUR 159.0 million. The Group maintained a high credit rating of "A" with a positive medium-term outlook, reaffirming its strong capitalisation, solid performance and good outlook. By 2030, its strategic ambitions are to double its earnings and significantly increase its business volume.

Andrej Slapar, President of the Management Board of Zavarovalnica Triglav, said: "Our goal is to ensure that Triglav's share remains a stable, profitable and safe investment that meets shareholders’ expectations, including through its dividend yield. The Management Board and the Supervisory Board propose a dividend payout of approximately half of the consolidated net earnings recorded last year. This year's dividend would therefore exceed last year's by 60%, which was affected by the Group's lower results in the exceptionally challenging year 2023. In their proposal, the Management Board and the Supervisory Board have carefully balanced all objectives of the dividend policy, including the Group's ambitions for development and growth. To achieve this, opportunities beyond organic growth will also be explored. The proposed dividend payment makes it possible to maintain the Group's target capital adequacy in the medium term, even as capital requirements rise in line with its ambitious growth plans."

This year's dividend proposal is aligned with the Group's dividend and capital management policies, considering its 2024 performance, strategic ambitions to 2030, own risk and solvency assessment, business outlook, market conditions and investor expectations. The Company's dividend policy is subordinated to achieving the medium-term sustainable target capital adequacy of the Triglav Group. Future own funds required for this purpose will also be largely covered by retained earnings. The Group's financial strength forms the foundation for its sound performance and ensures a high level of client safety.

The Supervisory Board approved the audited Annual Report of the Triglav Group and Zavarovalnica Triglav for 2024, which will be published on Monday, 31 March 2025, in accordance with the financial calendar. The Company is expected to announce the convening of the regular General Meeting of Shareholders on 24 April 2025, scheduled to take place on 3 June 2025.

This information will be published on the website of Zavarovalnica Triglav d.d. at www.triglav.eu as of 26 March 2025 and will remain available on the Company's public website for a period of at least five years.