History

24 February 1994 Signing

of the Articles of Association of Kmečka družba, an investment fund management company, d. d.

Founders: •
72 per cent – Slovenska zadružna kmetijska banka d. d. (now Deželna banka Slovenije d. d.)
• 25 per cent – PM&A;, investment firm, d. o. o.
• 3 per cent – 70 individuals

4 March 1994 Founding

general meeting of Kmečka družba d. d. and first meeting of the provisional supervisory board.

Resolutions adopted:
• appointment of the management board: Matjaž Gantar, director •
election of the company’s supervisory board:
- Milan Kneževič, chairman
- Dr Zvone Vodovnik, Deputy Chairman
- Janez Bojc, Member
- Branko Mihovec, Member
- Franci But, Member
- Franc Fašalek, Member
- Cirilj Smrkolj, Member
- Ernest Ribič, Member
• Adoption of the Articles of Association
• Approval of the founding report, signed on 24 February 1994 The company’s registered

office is at 4 Miklošičeva Street, in the centre of Ljubljana. The company later relocated the majority of its operations to a new site at 30 Slovenska cesta in Knafljev prehod.

7 March 1994 Registration

of the first issue of ordinary shares (10,000 shares) of Kmečka družba d. d., with a nominal value of 10,000 tolars (share capital amounts to 100 million tolars).

11 March 1994

Registration of the incorporation of Kmečka družba d. d. in the court register.

7 July 1994

Kmečka družba d. d. obtains a licence from the ATVP to carry out investment fund management activities.

11 July 1994 Signing

of the articles of association of PID Kmečki sklad 1 d. d.:
• subscription and payment for shares: from 1 August 1994 to 1 February 1995
• number of shareholders: 32,685
• number of shares: 9,490,000
• par value per share: 1,000 tolars
• share capital: 9,490,000,000 tolars
• management: Vlado Podlogar, director
• supervisory board (SB): Zdravko Počivavšek, Chairman; Ivica Koren, Deputy Chair;
Prof. Dr Anton Hauc, Member On 20 July 1994, the ATVP

issued a licence for the establishment of PID KS 1 d. d. On 7 February 1995, the authorised investment company KS 1 was entered in the court register.

7 November 1994 Signing

of the articles of association of PID Kmečki sklad 2 d. d.: •
subscription and payment for shares: from 8 December 1994 to 7 June 1995
• number of shareholders: 35,089
• number of shares: 9,490,000
• nominal value per share: 1,000 tolars
• share capital: 9,490,000,000 tolars
• management: Zvone Ivanušič, Director
• Supervisory Board: Magdalena Korent, Chair, Ivan Rotdajč, Deputy Chair, Prof. Dr Jože Hobič, member

30 November 1994
The
ATVP issues a licence for the incorporation of PID KS 2 d. d. On 21 June 1995, the authorised investment firm KS 2 was entered in the court register.

20 February 1995 Signing

of the Articles of Association of PID Kmečki sklad 3 d. d.:
• Subscription and payment for shares:
1st issue: from 29 June 1995 to 30 December 1995
2nd issue: from 1 December 1996 to 31 May 1997
• number of shareholders: 30,895
• number of shares: 6,040,170
• nominal value per share: 1,000 tolars
• share capital: 6,040,170,000 tolars •
management: Matjaž Gantar, director
• supervisory board: Ivan Kure, chairman, Viktor Frelih, deputy chairman, Alojz Rupar, member On 5 April 1995, the ATVP

issued a licence for the establishment of PID KS 3 d. d. On 22 March 1996, the authorised investment company KS 3 was entered in the court register.

3 October 1995 The initiative committee for the establishment of the non-profit charitable organisation, the Ajda Foundation, met for the first

time. The Foundation was established on 15 November 1995, following the adoption of the Deed of Incorporation by Kmečka družba d. d. and two individuals. On 5 April 1996, the Foundation obtained approval of the Deed of Incorporation from the Ministry of Education and Sport, which subsequently entered it in the register of foundations.

26 October 1995 At a general meeting of shareholders, the shareholders

of Kmečka družba d. d. passed a resolution to increase the company’s share capital (by an additional 10,000 shares), with a nominal value of 10,000 tolars (the share capital is increased from the previous 100 to 200 million tolars):
• share capital: 200 million tolars
• number of shares: 20,000 •
nominal value per share: 1,000 tolars On

10 November 1995, the increase in share capital is entered in the court register.

12 December 1995 Signing

of the Articles of Association of PID Kmečki sklad 4 d. d.:
• Subscription and payment for shares: from 1 March 1996 to 30 August 1996
• number of shareholders: 10,688
• number of shares: 1,939,171
• nominal value per share: 1,000 tolars
• share capital: 1,939,171,000 tolars
• management: Aleksander Sekavčnik, Director
• Supervisory Board: Alojz Penko, Chairman; Zdenka Škerjanc, Deputy Chair; Emilija Srebotnjak, Member On 31 January 1996, the ATVP

issued a licence for the establishment of PID KS 4 d. d. On 6 December 1996, the authorised investment company KS 4 was entered in the court register.

15 March 1996

Kmečka družba d. d. takes over the management of Slovenia’s oldest mutual fund – Galileo.
On 1 September 1995, Kmečka družba d. d. signed an agreement with Beta Invest d. o. o. regarding the transfer of management of the Galileo mutual fund. On 31 January 1996, the ATVP issued a decision granting authorisation to take over the management of the Galileo mutual fund.

21 June 1996 Acquisition

of the insurance company Slovenica d. d. The shares were purchased by PID Kmečki sklad 1, 2 and 3 d. d.

3 July 1996 Kmečka

družba d. d. became the manager of four of the Dadas mutual funds, namely Rastko I, Neli II, Diver and Herman Celjski. On 20 June 1996, the ATVP issued a decision granting Kmečka družba d. d. a licence to take over the management of part of the assets of the Dadas mutual funds. On the same day, a contract was signed with Proficio Dadas d. o. o. regarding the assumption of management of part of the assets (13 per cent of investors) of the aforementioned mutual funds.

24 July 1996 Listing

of Kmečka družba d. d. bonds on the open market of the Ljubljana Stock Exchange (under the ticker symbol KDO1 – now KDO1E): •
number of bonds issued: 80,000
• nominal value per bond: 100 DEM
• nominal value of the issue: 8 million DEM; the principal is due for repayment on 15 March 2006 On

14 February, the Supervisory Board of Kmečka družba d. d. adopted a resolution on the issue of bonds. On 17 April 1996, the ATVP granted Kmečka družba d. d. authorisation to issue the bonds, and on 18 May 1996, the ATVP issued a decision confirming that the bond issue had been successful. On 16 July 1996, the Management Board of the Ljubljana Stock Exchange issued a decision to list the bonds on the open market of the Ljubljana Stock Exchange.

23 August 1996 Kmečka

družba d. d. merged part of the assets of four Dadas mutual funds into a single mutual fund and, on the same day, split it into two mutual funds, Rastko and KD Bond. On 21 August 1996, the company received authorisation from the ATVP to merge the acquired portion of the assets of all four Dadas mutual funds into a single fund and to simultaneously establish two new ones.

31 December 1996 First

acquisition of a stake in the educational institution GEA College d. d. The stakes were acquired by PID Kmečki sklad 1, 2 and 3 d. d.

28 February 1997

Kmečka družba d. d. officially changes its registered office, which is now at Stegne 21 in Ljubljana. The company had been operating from this address since 1 September 1994.

12 March 1997 Kmečka

družba d. d. obtains a licence from the ATVP to manage the Galileo, Rastko and KD Bond mutual funds.

25 September 1997 The change of director at Kmečka družba d. d. is entered

in the court register. Matjaž Gantar is reappointed as director. He was appointed by the Supervisory Board at its meeting on 1 July 1997.

9 December 1997 The total

value of assets under management across all three mutual funds of Kmečka družba d. d. exceeds 1 billion tolars.

19 December 1997 First

acquisition of a stake in the cinema company Ljubljanski Kinematografi d. d. The shares are purchased by PID Kmečki sklad 1, 2, 3 and 4 d. d.

19 May 1998 Signing

of the Agreement on the merger of PID Kmečki skladi 2, 3 and 4 d. d. into PID Kmečki sklad 1 d. d. On 19 June 1998, the shareholders of PID Kmečki sklad 1 d. d. adopted a resolution at the general meeting of shareholders to merge the aforementioned funds into PID Kmečki sklad 1 d. d.

31 July 1998

The merger of PID Agricultural Funds 2, 3 and 4 d. d. to PID Kmečki sklad 1 d. d. in the court register and the renaming of the latter to the authorised investment company PID Kmečka družba d. d.:
• Management: Matjaž Gantar, Director
• Number of shareholders: 106,471
• Share capital: 27,338,941,000 tolars
• Supervisory Board: Zdravko Počivavšek, Chairman, Ivica Koren, Deputy Chair, Magdalena Korent, Member

3 August 1998 Listing

of Kmečka družba d. d. shares (ticker symbol KDZR) on the open market of the Ljubljana Stock Exchange: •
number of shares issued: 20,000 •
nominal value per share: 10,000 tolars On

21 July, the company received authorisation from the ATVP for the further sale of securities (KDZR). On 9 July 1998, the Management Board of the Ljubljana Stock Exchange issued a decision to list the shares of Kmečka družba d. d. on the open market. 

16 December 1998

The Management Board of the Ljubljana Stock Exchange adopts a decision to list the shares of PID Kmečka družba d. d. on the open market of the Ljubljana Stock Exchange.

21 December 1998 Listing

of the shares of the authorised investment company PID Kmečka družba d. d. (ticker symbol KM0S) on the open market of the Ljubljana Stock Exchange:
• number of shares issued: 27,338,941
• nominal value per share: 1,000 tolars

13 July 1999

In accordance with the Act on the First Pension Fund and the Restructuring of Authorised Investment Companies (ZPSPID), a denomination of the shares of PID Kmečka družba d. d. has been carried out. (previous share code KM0S, new code KM0N):
• number of shares: 283,270,263
• nominal value per share: from 1,000 to 100 tolars
• share capital: 28,327,026,300 tolars On

14 July 1999, the ATVP issued a decision approving the denomination of the shares of PID Kmečka družba d. d.

30 September 1999

In a special price list published in *The Wall Street Journal Europe*, compiled by Lipper, The Reuters Co., Galileo was ranked first as the highest-yielding mutual fund based on one-year returns amongst comparable global open-ended investment funds.

11 January 2000 Kmečka

družba d. d. signs an agreement to co-found ABDS, a fund management company, d. d., in the Federation of Bosnia and Herzegovina, and acquires a 40 per cent stake. The Securities Market Commission of the Federation of Bosnia and Herzegovina issued a licence for the establishment of the company on 14 April 2000. The company was entered in the court register on 19 May 2000.

13 June 2000 ABDS

d.d. obtained a licence from the Securities Market Commission of the Federation of Bosnia and Herzegovina to establish the BIG Privatisation Investment Fund. On 27 April 2001, the BIG PIF was entered in the court register of the Federation of Bosnia and Herzegovina.

30 August 2000 Kmečka

družba d. d. becomes the first Slovenian management company to obtain authorisation to invest the assets of its mutual funds on foreign stock exchanges.

19 October 2000 At the general meeting of shareholders, the shareholders

of Kmečka družba d. d. adopted a resolution to spin off part of the company’s assets with a view to establishing a new company, Skupina Kmečka družba d. d.

On 30 November 2000, the spin-off of part of the assets of Kmečka družba d. d. with a view to establishing a new company – Skupina Kmečka družba d. d. – was entered in the court register. The newly established company was entered in the court register on the same day (30 November).
Kmečka družba, investment fund management company, d. d.:
• nominal value per share: 8,000 tolars
• number of shares: 20,000
• share capital: 160 million tolars
• stock code: KDZR
• management: Matjaž Gantar, Director Kmečka družba Group

, Financial Company, d. d.:
• par value per share: 2,000 tolars
• number of shares: 20,000
• share capital: 40 million tolars
• stock code: SKDR
• Management: Roman Androjna, Director
• Supervisory Board: Peter Vrisk, Chairman; Aleksander Sekavčnik, Deputy Chairman; Sergej Racman, member

23 October 2000 The shareholders

of PID Kmečka družba d. d. adopt a resolution at the general meeting to split PID Kmečka družba d. d. into three new companies (in accordance with the ZPSPID Act):
Kmečka družba Holding, finančna družba, d. d.:
• nominal value per share: 8,000 tolars
• share capital: 9,531,056,000 tolars
• stock code: KDHR
• Management: Janez Bojc, Director
• Supervisory Board: Martin Nose, Chairman; Bojan Sekavčnik, Deputy Chairman. Aleš Vahčič, member PID

Kmečka družba, authorised investment company, d. d.:
• nominal value per share: 100 tolars
• share capital: 9,591,355,800 tolars
• securities code: KDPN
• Management Board: Roman Androjna, Director
• Supervisory Board: Alojz Penko, Chairman, Vlado Podlogar, Deputy Chairman, Matjaž Škrabar, Member ID

Kmečka družba, authorised investment company, d. d.:
• nominal value per share: 100 tolars
• share capital: 9,204,614,500 tolars
• stock code: KDIN
• management: Roman Androjna, Director
• supervisory board: Bojan Dejak, Chairman, Tomaž Butina, Deputy Chairman, Jože Strgar, Member On

13 December 2000, the ATVP issued a decision granting authorisation for the demerger and reorganisation of PID Kmečka družba d. d. On 3 January 2001, the division of PID Kmečka družba d. d. into three new companies was entered in the court register.

12 December 2000 The Kmečka družba d. d. Group

in Banja Luka, in the Republic of Srpska, signed an agreement with its partners and, through a capital increase, acquired a 49 per cent stake in VIB, an investment fund management company, a. d., which was established on 6 October 2000.

21 December 2000 The shares of the Kmečka družba d.d. Group (ticker symbol SKDR) are listed

on the open market of the Ljubljana Stock Exchange. On 23 May 2001, the ATVP issued a decision approving the listing of SKDR shares on the open market of the Ljubljana Stock Exchange.

30. January 2001 Kmečka

družba Holding d. d. signs an agreement to inject additional capital into Oslobođenje, the largest independent daily newspaper in the Federation of Bosnia and Herzegovina, and becomes its 39 per cent owner.

5 April 2001 The ATVP

grants the Kmečka družba d. d. Group authorisation to publish a public offer to purchase 20,000 ordinary registered shares in Kmečka družba d. d. The offer ran from 6 April to 18 May 2001. The public buy-back offer was accepted by 270 shareholders, who held 19,794 shares in the issuer, representing 98.97 per cent of the total share issue. On 31 May 2001, the ATVP issued a decision confirming the success of the public offer.

14 May 2001 The appointment of a new director of Kmečka družba Holding d. d. was entered

in the court register. Matjaž Gantar became the director. The Supervisory Board appointed him at its meeting on 6 March 2001.

14 May 2001

Entry of the change of directors of Kmečka družba d. d. and the Kmečka družba d. d. Group in the court register. Roman Androjna becomes the new director of Kmečka družba d. d. (appointed at a meeting of the company’s Supervisory Board on 10 April 2001), whilst Matjaž Gantar becomes the director of the Kmečka družba d. d. Group (appointed at a meeting of the company’s supervisory board on 6 March 2001).

16 May 2001 Grand

opening of Slovenia’s first cinema complex, Kolosej Ljubljana.

21 May 2001 The Kmečka družba d. d. Group

signs an agreement to co-found KD Mont, a specialised private management company, a. d., in the Republic of Montenegro, and acquires a 51 per cent stake. The company is entered in the court register on 10 July 2001.

24 May 2001 At the general meeting of shareholders, the shareholders

of Kmečka družba Holding d. d. approve the conversion of a portion of the ordinary registered shares into cumulative participating preference shares without voting rights. A total of 266,413 shares in Kmečka družba Holding d. d. were converted into cumulative participatory preference shares, representing 22.36 per cent of all the company’s issued shares.

25 May 2001 Kmečka

družba Holding d. d. signs an agreement with Seaway Domus d. o. o. and, through a capital injection, becomes its 50 per cent owner. The company is renamed Seaway Group d. o. o.

20 June 2001 The shareholders

of the Kmečka družba d. d. Group adopt a resolution at the general meeting to rename the company KD Group, a financial company, d. d., and a resolution to increase the share capital in order to carry out the takeover of Kmečka družba d. d.

21 June 2001

The first Financial Point opens in Ljubljana, outside the company’s head office (the first Financial Point had been operating at the company’s head office since 1995).

16 July 2001 At the general meeting of shareholders, the shareholders

of Kmečka družba d. d. adopt a resolution to change the company’s name to KD Investments, management company, d. d.

18 July 2001 Kmečka

družba Holding d. d. injects additional capital into the consultancy firm Concorde d. o. o. and becomes a 50 per cent owner of the renamed company KD Concorde d. o. o.

3 August 2001 The shareholders

of Kmečka družba Holding d. d., PID Kmečka družba d. d. and ID Kmečka družba d. d. adopt resolutions at separate general meetings of shareholders to rename the companies: •

Kmečka družba Holding d. d. to KD Holding, financial company, d. d.
• ID Kmečka družba d. d. to ID KD, authorised investment company, d. d.
• PID Kmečka družba d. d. to PID KD, authorised investment company, d. d. The changes

to the names of the individual companies were entered in the court register on 20 September 2001.

31 August 2001 The KD group’s headquarters moved

to 206 Celovška Road in Ljubljana.

25 September 2001 The 10,000th investor made a contribution

to the KD mutual funds.

8 October 2001

KD Holding d.d., together with partners in Croatia, establishes S.F.K.A., a pension company which sets up and subsequently manages the HA JEDAN pension fund.

18 October 2001 In

the Republic of Montenegro, the Privatisation Council grants KD Mont a.d. a licence to establish and operate the MIG privatisation investment fund. On 31 October 2001, the MIG PIF was entered in the Montenegrin register of privatisation investment funds.

28 November 2001 The shareholders

of KD Group d.d. (formerly Skupina Kmečka družba d.d.) and KD Investments d.d. (formerly Kmečka družba d. d.) adopt, at separate general meetings of shareholders, a resolution to incorporate the management company KD Investments d. d. into the financial company KD Group d. d., on the basis of a takeover by public offer. The excluded shareholders are paid compensation on a 1:4 basis (for every 1 share in KD Investments d. d., shareholders receive 4 shares in KD Group d. d.). On 7 February 2002, the District Court in Ljubljana issued a ruling on the registration of the merger of KD Investments d.d. into KD Group d.d.

1 January 2002 The tenth

anniversary of the Galileo mutual fund.

25 January 2002 The authorised

investment company PID KD d. d. signs contracts for the purchase of shares in companies acquired at the latest SRD public auction, thereby fully closing the certificate gap.

8 March 2002 In

Banja Luka, in the Republic of Srpska, the Securities Commission grants VIB a. d. a licence to establish and manage the VIB privatisation investment fund. On 22 May 2002, the VIB PIF was entered in the court register.

30 May 2002 At a general meeting of shareholders, the shareholders

of KD Investments d. d. adopt a resolution to convert the public limited company (d. d.) into a limited liability company (d. o. o.). The District Court in Ljubljana entered the change in the company’s legal form in the commercial register on 30 August 2002.

27 June 2002 KD

Investments d. o. o., Ljubljana, acquires and becomes the 100 per cent owner of the Croatian management company Fondinvest d. o. o. and renames it KD Investments d. o. o., Zagreb. The purchase agreement was signed on 29 May 2002.


18 July 2002 The ATVP

issues a decision granting authorisation for KD Group d. d. to launch a public offer to acquire shares in KD Holding d. d. The public takeover bid took place between 1 and 28 August 2002. It was accepted by 758 holders of ordinary shares in KD Holding d. d., who held 347,010 ordinary shares in KD Holding d. d., representing 37.52 per cent of all the company’s issued shares to which the offer related. On 4 September 2002, the ATVP issued a decision confirming the success of the public offer. At the general meeting of shareholders on 9 September 2002, the shareholders of KD Group d. d. adopted a resolution to increase the share capital through contributions in kind for the purpose of acquiring KD Holding d. d.

31 July 2002 Total

assets under management across all three KD mutual funds exceed 20 billion tolars.

28 August 2002 The shareholders

of PID KD d. d. agree at a general meeting to rename the company KD PID d. d. 22 October 2002 The change of the company’s name is entered in the court register.

28 August 2002 The shareholders

of ID KD, authorised investment company, d. d., agree to change the company’s business activities, business name and articles of association to KD ID, investment company, d. d., in order to bring the company into line with the provisions of the ZISDU. On 23 July 2002, the company received a favourable decision from the ATVP regarding the alignment of its operations with the provisions of the ZISDU. The aforementioned changes were entered in the court register on 22 October 2002.

11 September 2002 The 20,000th investor makes a contribution to

KD mutual funds.

17 October 2002 The grand

opening of the renovated Trevisini Palace in Piran (the premises of the GEA College foundation and its College of Entrepreneurship).

31 October 2002 The daily newspaper

*Finance* announces the best annual reports for 2001. Among the winners is the KD Group’s annual report.

5 November 2002 Total

assets under management across all three KD mutual funds exceed 30 billion tolars. Rastko and Galileo rank among the top-performing Slovenian funds.

13 December 2002 KD

Group d. d. establishes KD Investments d. o. o., Belgrade, in the Republic of Serbia.

17 February 2003

KD Holding d. d. acquires a 94.7 per cent stake in the tourism company Globtour d. o. o.

12 February 2003 KD

Investments d. o. o., Zagreb, establishes the OrbisFond bond mutual fund.

12 February 2003

Opening of the second cinema complex in Slovenia – Kolosej Koper, in the former Soča cinema.

7 April 2003

KD Holding d. d. sells its 46.31 per cent stake in Postojnska jama, turizem d. d.

9 May 2003 Shareholders

of the authorised investment company KD PID d. d. adopt a resolution at the general meeting to restructure the company into a public limited company, KD Naložbe, a financial company, d. d.:
• nominal value per share: 1,000 tolars
• share capital: 9,566,329,000 tolars
• stock code: PDKR
• number of shares: 9,566,329
• management: Janez Bojc, director
• supervisory board: Alojz Penko, chairman, Matjaž Škrabar, deputy chairman, Vlado Podlogar, member On

17 October 2003, the ATVP issued a decision granting authorisation for the transformation of the authorised investment company KD PID d. d. into a standard commercial company, KD Naložbe, a financial company, d. d. The change of the company’s name and business activities was registered at the District Court in Ljubljana on 27 October 2003.

11 June 2003 Launch

of the prestigious Shipman 50 sailing yacht, the world’s first to be made of carbon fibre and epoxy resin, designed and built by Seaway Group d. o. o.

18 July 2003 KD

Group d. d. signed a sponsorship agreement with NK Olimpija and became its main sponsor. The club was renamed KD Olimpija Football Club.

8 September 2003

KD Group d. d., together with the insurance company Slovenica d. d., signs a long-term sponsorship agreement with the Tacen Canoe and Kayak Club. The club is renamed the Tacen Kayak and Canoe Club – KD Slovenica.

24 September 2003

KD Group d. d. obtained authorisation from the Bulgarian regulatory authority to establish a local company engaged in the management of investment funds. 27 October 2003 KD Group d. d. registers the management company KD Investments EAD, Sofia, with the competent court in Bulgaria.


18 November 2003

KD Group d. d. obtains authorisation from the Romanian regulator, the Romanian Securities Market Agency, to establish a local company engaged in the management of investment funds. 26 January 2004 KD Group d. d. registers the management company S.A.I. KD Investments S. A., Bucharest, with the competent court in Romania.

25 November 2003 Total

assets under management across all three KD mutual funds exceed 50 billion tolars.

4 December 2003

KD Investments d. o. o., Zagreb, opened the first Financial Point in Croatia in the centre of Zagreb.

23 December 2003

KD Group d. d. obtains authorisation from the ATVP to establish the brokerage firm
KD BPD, d. o. o., for the purpose of providing securities-related services:
• share capital: 300 million tolars
• management: Milena Zrnec, Chairwoman, Štefan Belingar, Member On 10

February 2004, by order of the District Court in Ljubljana, the stockbroking firm
KD BPD, d. o. o., was entered in the court register. On 1 March 2004, the Management Board of the Ljubljana Stock Exchange admitted
KD BPD, d. o. o., as a member of the stock exchange.

24 December 2003 The companies

KD Group d. d., KD Holding d. d. and KD Investments d. o. o. received a quality certificate in accordance with the ISO 9001:2000 standard. The management company KD Investments d. o. o. is the first Slovenian management company to align its operations with the requirements of the ISO standards of excellence.

30 December 2003 The 40,000th investor makes a contribution

to KD’s mutual funds.

16 January 2004 KD

Holding d. d. sells its stake in the Dnevnik publishing house.

17 January 2004 The Shipman 50 sailing yacht

, designed and built entirely by Seaway Group d. o. o., receives the most prestigious nautical award at the Düsseldorf Boat Show, the title of European Sailing Yacht of the Year 2003.

22 January 2004 Opening

of the third Kolosej cinema complex in Slovenia, in Celje.

18 March 2004 A ceremony to award ISO certificates to KD Group d. d., KD Holding d. d. and KD Investments d. o. o. takes place at

the Grand Hotel Union.

14 April 2004

KD Investments d. o. o. receives a declaratory decision from the ATVP confirming that the company has brought its operations into line with the provisions of ZISDU-1.

30 April 2004 The 50,000th investor makes a contribution

to KD’s mutual funds.

1 June 2004 The financial

branches come under the umbrella of the stockbroking firm KD BPD, d. o. o. (previously part of KD Investments d. o. o.), which restructures the operations of its 14 KD sales outlets and, due to their expanded range of products, divides them into:
• 5 authorised KD sales outlets (Bled, Murska Sobota, Žalec, Tolmin and Krško), where investors can subscribe to specific KD mutual funds, and
• 9 Financial Service Points, where investors have access to information and can subscribe to most Slovenian (special) mutual funds, the option to place orders for the purchase and sale of securities, to arrange for individual asset management, and to take out all types of insurance policies from the insurance company Slovenica d. d.

14 June 2004 KD

Investments d. o. o. establishes a two-member management board. At its meeting on 15 April 2004, the Supervisory Board appoints Dušanka Malerič as a member of the company’s management board. From the date of the new management board member’s appointment, the former director, Roman Androjna, has been acting as Chairman of the Management Board.

17 June 2004 Opening

of the fourth Kolosej cinema complex in Slovenia, in Maribor.

20 August 2004 The shareholders

of the financial companies KD Holding d. d. and KD Naložbe d. d. adopted, at separate general meetings of shareholders, a resolution on the merger of KD Naložbe d. d. into KD Holding d. d. The merger agreement was signed on 24 June 2004. The merger was entered in the court register at the District Court in Ljubljana on 27 October 2004. On 5 November 2004, KDD carried out the exchange of KDPN shares for KDHR shares in the Central Securities Register.

15 September 2004 The second Financial Point of the Croatian management company KD Investments d. o. o., Zagreb, opens its doors in

Čakovec.

27 October 2004 KD

Investments d. o. o. signed a contract with Abanka Vipa d. d. for the provision of custodian services for the special mutual funds Galileo, Rastko and KD Bond, and the specialised investment company KD ID d. d., which comes into force on 8 November 2004, when the ATVP issues the licence.

11 October 2004 Total

assets under management across all three KD mutual funds exceed 90 billion tolars.

21 October 2004

Seaway Group d. o. o. in Portorož launches the prestigious Skagen 50 yacht, which is already Seaway’s second in-house product (designed and built in-house).

11 November 2004 KD

Investments d. o. o. receives a decision from the Securities Market Agency dated 8 November 2004, in which the Agency concludes that the company has brought the operations of the special mutual fund Rastko – now renamed KD Rastko, an equity mutual fund – into line with the provisions of ZISDU-1.

6 December 2004 KD

Investments d. o. o. receives a decision from the Securities Market Agency dated 3 December 2004, in which the Agency establishes that the company has brought the operations of the special mutual fund KD Bond, now renamed KD Bond, a bond mutual fund, into line with the provisions of ZISDU-1.

17 December 2004 In

Bulgaria, the local management company KD Investments EAD, Sofia, begins selling and marketing the KD Pelikan investment fund.

22 December 2004

KD Group d. d. obtains authorisation from the Slovak regulator, the Slovak Securities Market Agency (UFT), to establish a local company engaged in the management of investment funds.

29 December 2004 The Luxembourg

Securities and Exchange Commission (CSSF) granted authorisation for the establishment of KD DeLux SICAV, Luxembourg, an open-ended investment fund with variable capital. The fund was registered with the competent court in Luxembourg on 30 December 2004.

1 January 2005 The Finančna točka online portal goes

live.

3 January 2005 Establishment

and entry in the court register of a new insurance company – Slovenica Življenje, življenjska zavarovalnica, d. d., as Slovenia’s first specialist insurance company.

28 January 2005 KD

Investments, sprav. spol. a. s., Slovakia, is entered in the court register.

1 February 2005 Total

assets under management across all three mutual funds of KD Investments d. o. o. (KD Galileo, a mutual fund with a flexible investment structure, KD Rastko, an equity mutual fund, and KD Bond, a fixed-income mutual fund) exceed 100 billion tolars.

5 May 2005

The management boards of KD Holding d. d. and KD Group d. d. sign an agreement on the merger of KD Group d. d. into KD Holding d. d. On 5 May 2005, the supervisory board of KD Holding d. d. approves the merger of KD Group d. d. at its meeting; the supervisory board of KD Group d. d. also adopts the same decision. On 22 June 2005, at the general meetings of shareholders of both companies, the proposal for the merger of KD Group d. d. into KD Holding d. d. was withdrawn.

11 May 2005

KD Asset Management d. o. o., Zagreb, received authorisation from the Securities Market Commission of the Republic of Croatia to conduct business and was entered in the court register on 11 May 2005.
On 7 September 2005, the first transaction, brokered by the brokerage firm KD Asset Management d. o. o., was successfully concluded on the Zagreb Stock Exchange.

16 May 2005 KD Prvi izbor, a mutual fund of equity funds, and KD MM, a money market fund, began accepting subscriptions

.

19 May 2005 The new Arena Vodafone live! entertainment centre, covering an area of 9,000 square metres, opens in

Ljubljana.

6 June 2005

KD Group d. d., in accordance with the licence issued by the Bank of Slovenia on 24 February 2005 to acquire a qualifying holding which, directly or indirectly, reaches or exceeds 20per cent of the capital or voting rights in Deželna banka Slovenije, acquires a further 25,070 DBS shares, thereby achieving a 10.96 per cent stake in the bank together with the shares previously acquired.

15 June 2005

KD Holding d. d. increases its stake in the insurance company Adriatic by 35.57 per cent, thereby becoming its second-largest shareholder.

30 June 2005 KD

BPD, d. o. o., receives authorisation from the ATVP to market the KD DeLux investment fund in Slovenia. The KD DeLux SICAV umbrella fund comprises five sub-funds. 4 July KD BPD, d. o. o., begins marketing all five sub-funds.

14 July 2005 SAI

KD Investmenst S. A., Romania, opens its first Financial Point in Bucharest.

15 July 2005

Pursuant to the resolutions of the general meeting of shareholders of the special investment company KD ID on 16 December 2004, due to a change in the nominal value of the company’s shares from 100 tolars to 1,000 tolars, a swap of KDIN shares for KDIR shares is carried out. The company’s amended name is KD ID, joint-stock investment company, d. d., and its abbreviated name is KD ID, joint-stock ID, d. d. The investment company is thus brought into line with the provisions of ZISDU-1.

18 August 2005 KD ID, a special

investment company, joint-stock investment company, d. d., receives the decision of the District Court in Ljubljana dated 12 August 2005, by which a change of representative was entered in the court register; from now on, the person authorised to represent the special investment company is KD Investments, management company, d. o. o.

22 September 2005 Changes

to the names of the funds managed by KD Investments d. o. o., Zagreb: VictoriaFond is renamed KD Victoria, OrbisFond becomes KD Adria Bond and Galilei Fond becomes KD Balanced.


12 October 2005 The brokerage firm KD Capital Management S.A. is entered in

the Romanian commercial register. This is the second brokerage firm of the KD Group abroad. It receives authorisation from the Romanian Securities Commission on 20 February 2006.

13 October 2005 The shareholders

of the financial company KD Holding d. d. pass a resolution to increase the company’s share capital by 10,416,848,000 tolars, from 13,119,576,000 tolars to 23,536,424,000 tolars. The share capital is increased through the contribution of non-cash assets, for which 1,302,106 new, ordinary, freely transferable registered shares of the company, with the symbol KDHR, are issued.

2 November 2005 KD Investments Sp. Z. o. o., Warsaw, Poland, is established

; it will be engaged in the sale of investment funds of the KD Group.

23 November 2005

KD Holding d. d., pursuant to a contract concluded on 18 November 2005 between KD Holding d. d., Ljubljana and Infond Holding d. d., Maribor, acquired 133,492 ordinary shares in the issuer Delo, časopisno in založniško podjetje, d. d., Ljubljana, with the ticker symbol DELR, thereby becoming the holder of a 19.99 per cent stake in the company.

28 November 2005 The Management

Board of KD Holding d. d., in cooperation with Abanka Vipo d. d., which organised and managed the sale, successfully completes the sale of the second issue of KD Holding bonds.

30 November 2005 The Management

Board of KD Holding d. d. received authorisation from the Securities Market Agency of the Republic of Slovenia, dated 23 November 2005, for organised trading in the first issue of bonds, namely 400,000 registered bonds with a nominal value of EUR 100 each, totalling a nominal value of EUR 40,000,000.

KD Securities, EAD, Bulgaria, receives authorisation from the Bulgarian Securities and Exchange Commission and is entered in the Bulgarian court register on 27 December.

22 December 2005 KD

Investments d. o. o. receives the decision of the Ljubljana District Court, by which the deed of incorporation of KD Investments d. o. o. was entered in the court register and which confirms that KD Holding is the sole shareholder.

28 December 2005 A new insurance company, Adriatic Slovenica Zavarovalna družba d. d., is entered in

the court register.

16 January 2006

KD Investments d. o. o., Zagreb, begins selling and marketing KD's third mutual fund in Croatia, KD Balanced, a balanced mutual fund.

KD Investments, sprav. spol. a. s., Bratislava, begins selling and marketing KD's second mutual fund in Slovakia, KD Russia, an equity mutual fund.

9 February 2006

Establishment of a Private Equity fund worth EUR 70 million, focused on investments in the South-Eastern Europe region.

22 February 2006

KD Investments, EAD, Bulgaria, receives authorisation from the Bulgarian regulator to provide mutual fund management and individual portfolio management services.

23 February 2006

KD Investments d. o. o., Ljubljana, acquires a 1.17% stake in ABDS d. d., i.e. 1,425 shares of ABDS d. d., at a price of BAM 36.5 per share, thereby increasing its ownership interest to 41.19%. On 24 February 2006, KD Investments d. o. o., Ljubljana, notifies the Securities Commission of the Federation of Bosnia and Herzegovina of the acquisition of ABDS d. d. shares.

24 February 2006

KD Investments d. o. o., Ljubljana, begins selling and marketing the mutual fund KD Balkan, an equity mutual fund.

14 March 2006

KD Investments d. o. o., Ljubljana, begins selling and marketing two equity mutual funds, KD Novi trgi and KD Severna Amerika.

15 March 2006

The management company KD Fund Advisors, LLC is established in Chicago; once it obtains the necessary authorisations, it will manage the KD New Europe mutual fund.

27 March 2006

The Management Board of the Ljubljana Stock Exchange adopts a decision to admit to the free market 400 thousand registered bonds with the ticker KDH2, issued by KD Holding. The nominal value of the bonds is EUR 40 million. The first day of trading will be 7 April 2006. They will carry a fixed annual interest rate of 4.85%, with a maturity date of 25 October 2015.

5 April 2006

KD Holding d. d. increases its ownership interest in the insurer Adriatic Slovenica d. d. to 92.35%.

28 April 2006

On the basis of the asset management agreement for investment funds dated 27 January 2006 and in accordance with the consent of the custodian bank Abanka Vipa d. d., KD Investments d. o. o., Ljubljana, transfers the management of the following mutual funds' assets to KD BPD, borznoposredniška družba, d. o. o., in order to increase the efficiency of investment fund asset management:
• KD Bond, a bond mutual fund,
• KD Galileo, a mutual fund with a flexible investment structure,
• KD Rastko, an equity mutual fund,
• KD Prvi izbor, a fund of equity funds,
• KD MM, a money market mutual fund,
• KD Balkan, an equity mutual fund,
• and, with effect from 12 April 2006, it also transferred to it the asset management of the special investment company KD ID, delniška investicijska družba, d. d.

4 May 2006

KD Investments EAD, Bulgaria, begins marketing KD Bonds Bulgaria, a bond mutual fund, and KD Equity Bulgaria, an equity mutual fund. Authorisation to manage the two new mutual funds was received from the Financial Supervision Commission on 29 March.

8 May 2006

KD Investments d. o. o., Ljubljana, having received authorisation from the Securities Market Agency dated 29 March 2006, begins marketing KD Surovine in energija, an equity mutual fund.

12 May 2006

KD Investments d. o. o., Ljubljana, acquires 21,327 shares of ABDS d. d., at a price of BAM 36.5 per share. This increases its ownership interest in ABDS by 17.54 percentage points, to 58.73%.

25 May 2006

Klub KD Plus, the first financial club in Slovenia, begins operating; its founding members are KD Investments d. o. o., KD BPD, d. o. o., Slovenica Življenje d. d., Adriatic Slovenica d. d. and Deželna banka Slovenije d. d.

1 June 2006

The life insurer KD Life Asigurari begins operating in Romania.

KD Investments d. o. o., Ljubljana, having received authorisation from the Securities Market Agency on 29 March 2006, begins marketing KD Tehnologija, an equity mutual fund.

3 July 2006

KD BPD, d. o. o., begins marketing KD Prosperita, an equity-bond mutual fund with a flexible investment structure, the first fund of the Slovak subsidiary of the KD Group, which is now also marketed in Slovenia.

4 July 2006

KD DeLux, an open-ended investment company with variable share capital, records its first year of sales of its five sub-funds on the Slovenian market. In one year, 1,199 investors paid a total of around EUR 12 million into all five sub-funds.

16 August 2006

The Slovak KD Investments offers the Slovenian market its second mutual fund, KD Russia, an open-ended equity mutual fund, marketed by KD BPD, d. o. o.

23 August 2006

The mutual funds KD Rastko, an equity mutual fund, and KD Bond, a bond mutual fund, celebrate their 10th anniversary.

30 August 2006

The 10th General Meeting of shareholders of KD Group and the 9th General Meeting of shareholders of KD Holding are held. Shareholders of both companies, after being presented with the auditor's opinion and the Supervisory Board's report on the review of the annual reports of the company and the Group for 2005, discharged the Management Board and members of the Supervisory Board and adopted a resolution on the use of net profit. They also decided on the conversion to no-par-value shares and authorised the Management Board to acquire treasury shares, up to a maximum of 10% of the capital of each respective company, and appointed the auditor for the 2006 financial year.

1 September 2006

Slovenica Življenje d. d. and Adriatic Slovenica d. d. begin collecting premiums for AZIJA GARANT, a life insurance product with investments in a hedge fund index and a guarantee of the principal on maturity, developed in cooperation with Deutsche Bank AG.

23 September 2006

KD Holding d. d. gives notice of a takeover intention, published two days later, on 25 September 2006. The notice states that KD Holding d. d. intends to make a takeover bid for the acquisition of all shares of Deželna banka Slovenije, d. d., in accordance with the Takeovers Act (ZPre-1). In the takeover bid, KD Holding d. d. intends to offer all shareholders of Deželna banka Slovenije SIT 4,500 per share with the ticker SZBR.


1 October 2006

Slovenica Življenje's first branch abroad – SLOVENICA LIFE, Bratislava – begins operating.

3 October 2006

KD Investments d. o. o, Ljubljana, receives consent from the Securities Market Agency for the management rules of the equity mutual fund KD Nova energija and KD Vitalnost.

20 and 25 October 2006

The supervisory boards of Adriatic Slovenica (25.10.) and Vzajemna (20.10.) give the green light to begin the process of merging the two insurers.

23 October 2006

Samo Burja steps down from the position of President of the Management Board of Slovenica Življenje. The Supervisory Board of Slovenica Življenje appoints Matija Šenk, Deputy Chairman of the Management Board of Adriatic Slovenica, as President of the Management Board of Slovenica Življenje; until he obtains the relevant licence from the Insurance Supervision Agency, he continues to perform the role of Deputy Chairman of the Management Board of Adriatic Slovenica.

27 October 2006

The financial company KD Group sells shares in Poslovni sistem Mercator to Istrabenz d. d. for SIT 4.2 billion (EUR 17.5 million).

KD Holding sells 133,490 shares, i.e. 19.99% of all shares of the DELR issuer Delo d. d., to Probanka d. d. and Abanka d. d., 66,745 shares to each, at a price of SIT 31,600 (EUR 131.86) per share.

30 October 2006

KD Investments, Bratislava, begins marketing the equity mutual fund KD Russia in the Czech Republic (based on the authorisation received on 8 July from the Czech National Bank).

9 November 2006

Gabrijel Škof takes up the role of member of the Management Board at Adriatic Slovenica.

14 November 2006
Marketing begins for the mutual fund KD Vitalnost, an equity mutual fund, KD Investments' twelfth mutual fund.

15 November 2006

Following the successful completion of its takeover bid for the acquisition of shares of Deželna banka Slovenije, KD Holding increases its ownership interest in the company to 31.98%.

19 November 2006

The company Seaway Group receives the "Success Story of 2006" award, presented by Zavod BIG as part of the Month of Design event.

1 December 2006

Adriatic Slovenica offers its supplementary health insurance policyholders the most modern above-standard insurance, Za krajše čakalne vrste (For Shorter Waiting Lists).

5 December 2006

Under an agreement concluded on 4 December 2006, KD Holding acquires 31,435 ordinary shares of the issuer Žito, d. d. – i.e. 8.84% of all shares issued by the issuer.

8 December 2006

The special investment company KD ID, delniška investicijska družba, d. d., receives from its proxy a decision of the District Court in Ljubljana recording the entry in the court register of an amendment to the articles of association, adopted at the company's General Meeting on 28 August 2006, and a new member of the Supervisory Board, Mr Štefan Belingar.

11 December 2006

At its sixth regular meeting, the Supervisory Board of the special investment company KD ID, delniška investicijska družba, d. d., is briefed on the progress of aligning the company's investments with the provisions of the ZISDU-1 Act on investment company investments, and elects Mladen Jovandić as Deputy Chairman of the Supervisory Board.

12 December 2006

Due to its development plans and strategic objectives, the General Meeting of Adriatic Slovenica adopts a resolution allowing an increase in share capital of up to SIT 3,335,640,000 within a period of five years, and a resolution on the conversion of shares into no-par-value shares.

13 December 2006

At the Kolosej cinema centre in Maribor, one of the existing halls is upgraded into an XpanD hall with special effects.

15 December 2006

KD Investments, Bratislava, begins marketing the mutual fund KD Prosperita in the Czech Republic.

19 December 2006

Adriatic Slovenica begins refunding SIT 2.86 billion (EUR 11.9 million) in retirement reserves from supplementary health insurance to 277,435 beneficiaries entitled to reimbursement.

20 December 2006

KD Holding receives a licence from the Bulgarian regulator to conduct insurance business, laying the foundation for the establishment of a local life insurer.

Salona 37, a yacht built by Seaway Group to designs by J&J Design Studio, receives the flattering "North American Sailboat of the Year 2007" award in North America.

31 December 2006

Dušan Novak, President of the Management Board, who successfully led the company since 1999, ends his term at Adriatic Slovenica. In 2007, he takes up the role of Assistant Director for Insurance at KD Holding.

1 January 2007

KD Galileo, the first Slovenian mutual fund, celebrates its 15th anniversary.

For all Slovenian babies born on the first day of 2007, KD Investments, Ljubljana, prepares a special gift to mark the 15th birthday of the mutual fund KD Galileo. On the basis of a subscription declaration, all such babies are given EUR 200 in units of the mutual fund, which was established on 1 January 1992.

20 January 2007

Salona 37 receives the "European Sailboat of the Year 2007" award in its class at the largest boat show in the world, in Düsseldorf.

22 January 2007

Slovenica Življenje (22 January 2007) and Adriatic Slovenica (7 February 2007) begin marketing life insurance with investment packages, offering a choice between three investment packages: conservative, balanced and dynamic.

25 January 2007

Slovenica Življenje acquires part of the Slovak company Vifin, s. r. o. and merges KD Life splo. s. r. o. into it.

1 February 2007

The mutual funds KD MM and KD Rastko receive "Zlati V" (Golden V) awards, with the former named best money market mutual fund and the latter best equity mutual fund in the group of European-oriented funds.

6 February 2007

Slovenica Življenje recapitalises the Slovak company Vifin and renames it KD Vifin, s. r. o.

7 February 2007

KD Holding acquires 884,639 ordinary shares of IF "BIG – Investiciona grupa" d. d. Sarajevo, representing 8.3% of the shares.

16 February 2007

Peter Grašek takes up the position of Business Director of the financial company KD Holding.

19 February 2007

The Management Board of Adriatic Slovenica has one fewer member, as the outgoing Deputy Chairman of the Management Board, Matija Šenk, takes over the leadership of the Management Board of Slovenica Življenje. Gabrijel Škof takes over the role of Deputy Chairman of the Management Board, with Milena Georgievski remaining a member of the Management Board.

22 February 2007

Slovenica Življenje receives ISO 9001:2000 quality certification.

28 February 2007

KD DeLux, an investment company with variable share capital, publishes an amendment to the Share Offering Prospectus, which takes effect on 28 March 2007.

1 March 2007

Adriatic Slovenica introduces a range of innovations in the field of motor liability insurance, including, among others, the option to renew such policies online, and at the same time begins marketing the new MAXI AVTO ASISTENCE AS with new "Door to Door" cover.

Launch of marketing for the product from Slovenica Življenje and Adriatic Slovenica – life insurance AZIJA GARANT PLUS, with investments in an index of six equity hedge funds (dbX-Equity Select Asia Index) and in two equity mutual funds – HSBC GIF INDIAN EQUITY and HSBC GIF CHINESE EQUITY.

5 March 2007

Rastislav Podhorec, Director of Sales and Marketing at KD Investments, Bratislava, is appointed as a member of the Management Board of KD Investments, based on a decision of the Slovak National Bank and the Supervisory Board. Dag Kralj, Executive Director of the DZU and BPD division, also becomes a member of the Supervisory Board.

6 March 2007

A Finančna točka branch opens in Sežana.

8 March 2007

The life insurer KD Life, Sofia, is established through registration in the court register.

9 March 2007

KD Group receives a decision from the District Court in Ljubljana, by which the court, on 6 March 2007, recorded in the court register the conversion of share capital to euros and the related amendment to the articles of association. The share capital amount of SIT 372,872,000 was replaced with an amount of EUR 1,555,967.28.

KD Holding receives a decision from the District Court in Ljubljana, by which the court, on 6 March 2007, recorded in the court register the conversion of share capital to euros and the related amendment to the articles of association. The share capital amount of SIT 23,536,424,000 was replaced with an amount of EUR 98,215,756.97.

15 March 2007

Adriatic Slovenica offers policyholders renewed, modern professional liability insurance for accounting services.

20 March 2007

Deželna banka Slovenije and KD BPD jointly and ceremonially open shared premises at the BTC City shopping centre in Ljubljana.

21 March 2007

Slovenica Življenje creates a Group Life Insurance product.

23 March 2007

KD Investments, Zagreb, opens a new financial branch at the Mercator shopping centre in Pula.

26 March 2007

The life insurer KD Life, Sofia, begins operating in Bulgaria.

1 April 2007

Slovenica Življenje creates the Life Business Package, a group life insurance product.

2 April 2007

In cooperation with Banka Kovanica, KD Investments, Zagreb, again begins marketing the savings-investment product 2KTrend (until 30 April).

6 April 2007

Based on the procedures carried out up to that point, the Supervisory Board of Adriatic Slovenica supports further steps towards a merger with Vzajemna, on which the general meetings of both insurers are expected to decide in May.

19 April 2007

Grand opening of the new Casino Rio gaming salon at the Arena Vodafone live! entertainment centre.

20 April 2007

The Insurance Supervision Agency prohibits the General Meeting of Vzajemna, and as a result the Management Board of Adriatic Slovenica adopts the position that the merger procedures between the two insurers cannot proceed, as well as a resolution to cancel the announced General Meeting of shareholders of Adriatic Slovenica, which was to consider the merger of the two companies.

8 May 2007

KD Holding concludes an agreement with Slovenska odškodninska družba d. d., Ljubljana, for the purchase of 195,824 ordinary shares of the issuer Nama d. d., representing 20.53% of all shares issued.

17 May 2007

Deželna banka Slovenije receives a decision from the District Court in Ljubljana recording an increase in share capital.

25 May 2007

Kolosej is crowned with the Superbrands 2007 mark as one of the best brands in Slovenia.

30 May 2007

KD Life, Sofia, is officially presented at a press conference in Sofia.

1 June 2007

Deželna banka Slovenije enables loans to be secured with units of KD Investments, Ljubljana mutual funds.

6 June 2007

KD Holding publishes a takeover bid for the acquisition of 572,229 shares of Nama Trgovsko podjetje, d. d., Ljubljana.

19 June 2007

Assets in all mutual funds, including individually managed assets of the KD Holding Group, exceed EUR 1 billion.

10 July 2007

Shareholders at the General Meeting adopt a resolution to rename the company from Slovenica Življenje d. d. to KD Življenje d. d. The insurer's name will officially change upon registration in the court register.

24 July 2007

The company KD Kvart, d. o. o. is established, as a result of the Šumi project being spun off from the company R.E.Invest, d. o. o.

27 July 2007

The company KD Kapital d. o. o. is recorded in the court register; it is headed by a two-member Management Board, comprising President Janez Bojc and Board member Mirjana Koporčić Veljić.

The Kolosej cinema centre in Celje closes its doors.

22 August

Official renaming of Slovenica Življenje, življenjska zavarovalnica, d. d. to KD Življenje, zavarovalnica, d. d.

23 August 2007

A Finančna točka branch opens at the Aupark shopping centre in Bratislava.

1 September 2007

The insurers KD Življenje and Adriatic Slovenica develop Renta Garant, a single-premium life insurance product linked to a structured debt security, offering a guaranteed annual annuity payout.

11 September 2007

KD Investments, Belgrade, receives authorisation to organise and manage open-ended, closed-ended and private investment funds.

21 September 2007

The first strategic conference of the companies of the KD Group is held at the Trevisini Palace in Piran.

26 September 2007

The Supervisory Board appoints Gabrijel Škof as President of the Management Board of Adriatic Slovenica, with Milena Georgievski remaining a Board member, while at the same time revoking the resolution appointing Aljoša Tomaž as President of the Management Board.

1 October 2007

The company KD PE, družba za svetovanje in storitve, d. o. o. is recorded in the court register.

15 October 2007

KD Investments, Zagreb, begins marketing its fourth mutual fund, KD Nova Europa. In just the first five days of operation, the fund receives almost one million euros in investments.

18 October 2007

George Alberts takes up the role of President of the Management Board of KD Investments, Bucharest.

25 October 2007

Establishment of a new sales company within the KD Holding Group, KD Finančna točka, premoženjsko svetovanje, d. o. o. Ownership of the company is shared equally between the insurer KD Življenje and the management company KD Investments.

KD Life, Sofia, begins marketing a new insurance product, "Fondpolica Renta Garant".

26 October 2007

At an extraordinary General Meeting of shareholders of KD DeLux, SICAV, a decision is adopted for the company to cease operations and to begin liquidation proceedings.

6 November 2007

KD Investments, Zagreb, records its 10,000th investor.

8 November 2007

KD Investments, Belgrade, receives approval from the local regulator to establish the open-ended investment fund KD Ekskluziv.

15 November 2007

Activities begin to establish Klub KD plus in Slovakia.

21 November 2007

The Supervisory Board appoints two new members of the Management Board of Adriatic Slovenica, Matej Cergolj, M.Sc., and Marko Rems, who will take up their roles on the Management Board once they obtain authorisation from the Insurance Supervision Agency.

23 November 2007

The Serbian KD Investments begins the public subscription of units of the fund KD Ekskluziv – otvoreni investicioni fond.

28 November 2007

KD Kvart acquires building rights for the Šumi project.

1 December 2007

KD Finančna točka d. o. o. joins as a founding company of Klub KD plus.

10 December 2007

The General Meeting of shareholders of Adriatic Slovenica adopts a resolution on the squeeze-out of minority shareholders from the company, meaning that, once the resolution is recorded in the court register, the company will be 100% owned by KD Holding.

27 December 2007

The open-ended investment fund KD Ekskluziv is recorded in the Register of Investment Funds. With this registration, all conditions are met for the official commencement of operations of the KD Ekskluziv fund.

31 December 2007

KD Življenje holds a General Meeting and adopts a resolution on the squeeze-out of minority shareholders from the company.

1 January 2008

KD Asset Management, Zagreb, exceeds a trading value of around EUR 126 million in 2007, taking a 2.04% share of the Croatian market.

15 January 2008

The transfer of shares from minority shareholders of KD Življenje to the principal shareholder KD Holding (now KD Group) is recorded in the court register.

16 January 2008

The transfer of shares from minority shareholders of Adriatic Slovenica to the principal shareholder KD Holding (now KD Group) is recorded.

The management company KD Investments, Ljubljana, is renamed KD Skladi, Ljubljana.

26 January 2008

The company KD Financial point is recorded in the court register in Slovakia.

28 January 2008

The KD Prosperita fund is named best balanced fund of 2007 in Slovakia.

1 February 2008

The Management Board of Adriatic Slovenica becomes a four-member board. It comprises President Gabrijel Škof, existing member Milena Georgievski, and two new Board members, Matej Cergolj, M.Sc., and Marko Rems.

7 February 2008

Kristjan Cvjetović takes up the role of member of the Management Board of KD Asset Management, Zagreb, succeeding Boštjan Tancer.

8 February 2008

For the cultural holiday, KD Življenje organises an all-day family celebration at Postojna Cave – the first appearance of a cave circus in Slovenia.

11 February 2008

Milena Georgievski takes up the role of Deputy Chairwoman of the Management Board of Adriatic Slovenica.

18 February 2008

The company AS osiguranje, headquartered in Belgrade (established on 28 January 2008) and majority-owned by Adriatic Slovenica, is recorded in the court register.

27 February 2008

The insurance product Fondpolica with an investment package (Fondpolicy with investment package) receives an award in Bulgaria for best financial product of 2007 in the life insurance category.

10 March 2008

KD Življenje begins marketing a new life insurance product, Fondpolica Dirigent – actively managed life insurance.

21 March 2008

The insurer KD Life, Kyiv, is granted a licence to operate by the regulator.

31 March 2008

KD Investments in Zagreb concludes its traditional charitable campaign "From Generation to Generation", in which every newborn is given units of the KD Nova Europa mutual fund.

1 April 2008

Benjamin Jošar takes up the role of President of the Management Board of KD BPD, Ljubljana.

8 April 2008

At a press conference of the Rog cycling club, Gregor Jelerčič, President of the Management Board of KD Finančna točka, and Aleks Štakul, Vice-President of the Rog KD cycling club, ceremonially sign an agreement, officially giving the cycling team a new name: Radenska KD Finančna točka.

17 April 2008

The insurer KD Životno osiguranje, Zagreb, is granted a licence to operate by the regulator.

1 May 2008

The Supervisory Board of KD Skladi appoints Dag Kralj as President of the Management Board, covering domestic and international marketing and investments, and also appoints Roman Androjna as a Board member responsible for back-office and shared services.

6 May 2008

The management company KD Skladi begins preparing the Kapitalski trgi (Capital Markets) 2008 series of professional meetings with investors.

18 May 2008

KD Življenje organises the second Family Festival in front of Postojna Cave, where children can enjoy workshops, concerts, performances, puppet shows and an oriental show.

21 May 2008

The insurer KD Life CJSC, Kyiv, begins marketing life insurance.

22 May 2008

The management company KD Skladi, Ljubljana, receives authorisation from the Macedonian Securities and Exchange Commission to establish the investment fund management company KD Fondovi A. D., Skopje.

A press conference is held in Kyiv for the official launch of the new life insurer KD Life, Ukraine. Pavola Norulaka takes up the role of company director, with Alexandra Mikulchika as head of sales and marketing and Kevin Phillips as business director.

31 May 2008

KD Finančna točka once again sponsors the traditional twelfth Ciciolimpiada 2008 in Izola.

4 June 2008

The company KD Financijska točka is recorded in the court register in Croatia.

6 June 2008

Georgi Biserinski takes up the role of President of the Management Board of KD Investments, Sofia.

9 June 2008

According to a reputation survey conducted by Kline & Partner, Matjaž Gantar ranks 5th among the most respected directors.

15 June 2008

The company KD Life, Sofia, becomes a member of the Bulgarian Insurance Association.

30 June 2008

According to official figures from the Slovenian Insurance Association for the first half of 2008, KD Življenje, Ljubljana, takes second place among insurers marketing life insurance, with a 14.2% market share.

8 July 2008

Nelly Petrova takes up the role of Board member of KD Investments, Sofia.

11 July 2008

The KD brand receives the Trusted Brand 2008 award in the "investment companies and mutual funds" category.

KD Group submits a formal application to the Bank of Slovenia, representing an important step towards the establishment of the new KD Banka.

24 July 2008

Gabriela Hinzeller takes up the role of President of the Management Board of KD Investments, Bratislava.

25 July 2008

The company KD Skladi receives authorisation from the Securities Market Agency to manage the following equity mutual funds: KD Indija – Kitajska, KD Latinska Amerika, KD EM Infrastruktura in gradbeništvo, KD Vzhodna Evropa and KD Finance.

11 August 2008

The company KD Skladi begins marketing a new mutual fund, KD Indija-Kitajska.

22 August 2008

The company KD Kapital concludes a sale and purchase agreement with Maksima Holding d. d. for the acquisition of 882,408 ordinary voting shares of the issuer Istrabenz d. d., ticker ITBG. Due to significantly changed circumstances, KD Kapital withdraws from the agreement on 12 December.

25 August 2008

KD Holding sells its ownership interests in companies engaged in cinema and entertainment activities.

29 August 2008

A resolution is adopted to change the company name of KD Holding, finančna družba, d. d., which is henceforth named KD Group, finančna družba, d. d., or in its abbreviated form: KD Group d. d.

1 September 2008

KD Življenje enters into a sponsorship partnership with Ljubljana Zoo, becoming a "Friend and Supporter of Ljubljana Zoo".

Launch of marketing for Fondpolica Maks Garant, a life insurance product for death and survival with instalment premium payments and a 100% guarantee of the payout of the total sum of net premiums paid at the end of the insurance term.

5 September 2008

AS Osiguranje, the Belgrade-based subsidiary of Adriatic Slovenica, officially opens its branch and business premises at the company's head office in Belgrade.

19 September 2008

The management company KD Fondovi A. D., Skopje, receives authorisation to be established and to operate.

25 September 2008

The management company KD Fondovi A. D. Skopje receives authorisation to establish and manage two investment funds in Macedonia, namely KD Juzen Balkan and KD BRIK.

1 October 2008

The company KD Skladi begins marketing four new equity mutual funds with promising sector- and region-focused investment policies, namely KD EM Infrastruktura in gradbeništvo, KD Finance, KD Latinska Amerika and KD Vzhodna Evropa.

11 November 2008

The company KD Group wins the award for best annual report.

The first issue of the informative and advisory magazine kdaj&kako, published by KD Življenje and KD Skladi, is released.

20 November 2008

The insurer KD Življenje is shortlisted for the European Sponsorship Awards (ESA) and receives an ESA award for special achievement for its five-year partnership project "The Meaning of Life is Children's Smiles".

24 November 2008

The number of life insurance policies taken out with KD Življenje exceeds 100,000.

25 November 2008

The management company KD Skladi, as one of the first Slovenian asset management companies, receives authorisation from the Securities Market Agency to form an umbrella fund from its existing mutual funds.

27 November 2008

The company KD Life, Bucharest, officially opens its first Finančna točka branch in Romania, in the city of Cluj.

2 December 2008

The Bank of Slovenia grants the brokerage firm KD BPD authorisation to provide banking and financial services.

19 December 2008

Ingrid Kuk, M.Sc., takes up the role of Board member of KD Življenje.

The company KD Skladi begins publishing Financial Video Commentaries on its website, aimed at commenting on current developments in the capital markets.

23 December 2008

The Ljubljana Administrative Unit issues a building permit for the start of construction of the mixed-use commercial and residential Šumi building.

31 December 2008

KD Življenje concludes its charitable campaign "Family for Families", enabling a hundred families to visit the zoo.

16 January 2009

KD Finančna Točka d. o. o., Ljubljana acquires the company KD Financial Point in Bulgaria.

10 June 2009

KD Finančna Točka d. o. o. acquires the company Vitavizia d. o. o.

3 July 2009

KD Group d. d. acquires the company Sarbon Invest d. o. o., Uzbekistan.

27 July 2009

KD Kapital acquires the company FM-NET d. o. o.

29 October 2009

KD Kapital d. o. o., Ljubljana sells its business interest in KD Mont a. d., Montenegro.

6 December 2009

KD Group d. d. sells the company KD Investments Bratislava.

12 January

The company KD Financial point, Bratislava is deregistered from the court register.

22 February

KD Finančna točka sells the company Vitavizia.

9 March

The company FM-NET is merged into KD Kapital.

17 June

KD Življenje acquires the company KD FT in partnerji.

19 August

KD Group liquidates the company KD Securities EAD, Sofia.

27 October

KD Group liquidates the company KD Private Equity b. v. – in liquidatie, Amsterdam.

1 December

KD Finančna točka, Zagreb is in liquidation proceedings.

23 December

The company KD Investments, Beograd is deregistered from the court register.

28 December

KD Group sells the company R.E. Invest.
KD Group and KD Življenje sell the company KD Life, Kiev.

29 December

KD Group and KD Življenje sell the company KD Life, Sofia.

March

The insurance company KD Življenje sells the company Zap d.o.o.

April

The company Vrtnarstvo Celje enters bankruptcy proceedings.

May

The company Šumijev Kvart is spun off from KD Kvart.
KD Skladi liquidates the company KD Fund Advisors LLC.

June

KD Finančna točka sells the company KD Financial point EOOD.

December

The insurance company Adriatic Slovenica establishes the debt-collection company Prospera d.o.o.
KD Group liquidates the company KD Capital Management and the company Gama Holdings.

Changes in the composition of the KD Group

May

• The insurer Adriatic Slovenica establishes the company Viz zavarovalno zastopništvo d.o.o.

June

• KD Group liquidates the company Coloseum Multiplex Holdings b.v.
• KD Group and the insurer KD Življenje sell the company IDEADVICE Management s.r.l.

July

• KD Group sells the bank KD Banka d.d.

September

• KD Finančna točka liquidates the company KD Financial point s.r.l.

November

• The insurer KD Življenje sells the company KD FT in Partnerji.

December

• KD Kvart acquires the company Gradnje inženiring.
• KD Group acquires the company DRI Naložbe.
• KD Kapital sells ČZD Kmečki Glas.
• KD Group acquires the company VAŠ PARTNER, premoženjsko svetovanje, d.o.o.

Other significant events in 2012

January

• On 6 January 2012, KD Group received a decision from the District Court in Ljubljana, by which the registry court suspended the procedure for registering the General Meeting resolution on authorised capital and the proposed amendment to the articles of association dated 31 August 2011. The procedure is suspended pending a final court decision in the proceedings brought by Marles d.d., which it filed in accordance with the legal challenge it had announced at the General Meeting of shareholders of KD Group d.d. on 31 August 2011, contesting the resolution on the amendment to the company's articles of association – authorised capital – adopted under item four of the General Meeting agenda.
• KD Galileo, the first Slovenian mutual fund, celebrates a milestone anniversary – its 20th birthday.
• Andraž Grahek of KD Skladi takes part in a panel on regional equity markets at the Euromoney Central & Eastern European Forum financial conference in Vienna.
• Opening of the exhibition "The Language of Paintings" at the Severia gallery in Koper, for which Slovenian curator Aleksander Bassin prepared a selection from the KD Group collection. At the opening, academic painter Denis Kokalj received a scholarship of EUR 2,500 from the special KD Fundacija fund to support the start of her creative career.
• The insurer Adriatic Slovenica develops a new life insurance product, Vita AS 60 plus, aimed at policyholders over the age of 60. In addition to death cover, the insurance also includes cover for hospitalisation due to an accident. This whole-life insurance is marketed exclusively through direct mail, and premiums for women and men are equal, in line with European Commission guidelines for the European insurance industry.
• Relaunch of the website www.kd-zivljenje.si.

February

• At its meeting on 6 February 2012, the Board of Directors of KD Group appointed Jure Kvaternik as the third member of KD Group's management, responsible for controlling and finance. Jure Kvaternik is appointed as Executive Director, not a member of the company's Board of Directors, for a term of office from 6 February 2012 to 16 November 2013.
• The company KD Skladi relocates to new premises at Dunajska 63, Ljubljana.
• At an event held by Moje finance magazine, which rated and selected the best mutual funds marketed in Slovenia (for three- and five-year periods), the company KD Skladi receives the award for best-managed money market fund for KD MM over the past three years (2009–2011).
• The insurer Adriatic Slovenica launches an important innovation on the market: the simple option of taking out Tujina AS travel insurance with medical assistance abroad via a mobile phone app. Insurance cover takes effect just two hours after the policy is concluded.
• The insurer KD Življenje organises its sixth traditional gathering at Postojna Cave, titled "The Dragon in Postojna Cave".
• KD Banka ranks 1st by trading volume on the Ljubljana Stock Exchange in February.

March

• In March and April, a no-entry-fee campaign is run for the KD Surovine in energija and KD Vzhodna Evropa funds.
• KD Skladi begins publishing a new document, Utrip sklada (Fund Pulse), presenting one fund at a time along with its performance, key investments and outlook.
• The company KD Skladi wins the Trusted Brand award for the fifth consecutive time (2008–2012) as the most trusted brand in the Investment Companies and Mutual Funds category.
• In an extensive advertising campaign, the insurer Adriatic Slovenica presents "New Dimensions of Security" – the insurer's efforts and achievements as a company that actively responds to its customers' needs and sets high goals for itself.
• Adriatic Slovenica offers the market renewed supplementary health insurance in the new "Specialists and Medicines" package. The package can be taken out with various sums insured for most services offered by specialist outpatient clinics in Slovenia, including medicines prescribed on a "white prescription", with an additional option to choose above-standard accommodation at a health resort.
• Through the new AS claims portal, Adriatic Slovenica enables policyholders not only to report a claim, but also to track the progress of their claim in real time and communicate regularly with their case handler. Users who register receive their own password, allowing them to track the status of their reported claim on an ongoing basis. The portal also allows the submission of any additional documentation, photos or witness statements needed for a swift resolution of the claim. Particularly welcome is the ability for policyholders to ask their case handler a question about the progress of their claim at any time.
• In the spirit of the Olympic year, and as a long-standing supporter of Slovenian sport and official insurer of Slovenia's Olympic athletes, Adriatic Slovenica prepares an attractive prize competition, "To the London 2012 Olympics with Adriatic Slovenica", which closes on 15 June and sends 6 lucky winners to watch the Summer Olympic Games in London.
• To mark the 20th anniversary of its branches, Adriatic Slovenica's branches in Murska Sobota, Maribor, Celje, Kranj and Nova Gorica open their doors in March and April, organising numerous activities during an open-house week to promote insurance and a healthy lifestyle. Each branch also makes a significant donation to the local community in which it operates.
• Due to strong demand from owners and investors, the insurer Adriatic Slovenica prepares new insurance for solar power plants. The insurance covers fire hazards, machinery breakdown, business interruption, and liability arising from the ownership and use of the power plant.
• Update of the "Better Life" life insurance product with a new provider and improved DNA analysis service content.

April

• KD Group, KD Kapital, KD Kvart and KD Mark relocate to new premises at Dunajska cesta 63 in Ljubljana (which becomes the company's new business address as of 1 May 2013).
• On 26 April 2012, the Board of Directors of KD Group is informed that Dr Draško Veselinovič and Peter Grašek are resigning, at their own request, from their positions as Executive Directors and members of the Board of Directors of KD Group, effective as of the company's 17th Ordinary General Meeting of shareholders. The Board of Directors decides to propose to the General Meeting of shareholders the appointment of two new members of the Board of Directors, namely Gabrijel Škof and Aljoša Tomaž, for a term of office until 16 November 2013, and at the same time appoints them as Executive Directors of KD Group – Aljoša Tomaž with effect from 26 April 2012, and Gabrijel Škof with effect from the date of the 17th Ordinary General Meeting of shareholders.
• In April and May, KD Skladi take part in open days at the insurer Adriatic Slovenica (AS), presenting "Saving in Funds for a Brighter Tomorrow".
• At the initiative of KD Fundacija director Matjaž Gantar, companies within the Group, in cooperation with Ana Lukner, founder of Anina zvezdica, collect long-life food products to help 523 families at social risk.
• Andraž Grahek, Director of the Investment Sector at KD Skladi, takes part in a round table titled "The Eurozone Crisis: Where Are We and Where Are We Going?" at the 52nd Študentska borza seminar.
• Speakers from KD Skladi take part in the two-day Kapital 2012 financial fair. On the first day, Andraž Grahek and Luka Flere give a talk titled "The Situation on the Financial Markets and How to Live with Change", and on the second day of the fair, Andraž Grahek also takes part in a round table titled "Seizing Investment Opportunities in Times of Crisis".
• The Supervisory Board of KD Skladi appoints Matej Tomažin, an existing Management Board member, as the company's new President of the Management Board, from 2 May 2012 until the end of his term of office, and appoints Luka Podlogar as a new Management Board member for a period of four years.
• On 1 April, Aleksandra Rehberger Tisnikar is appointed Executive Director of the Property Insurance division at the insurer Adriatic Slovenica.
• For the active generation of mature policyholders aged between 50 and 60, the insurer Adriatic Slovenica develops a new life insurance product, Vita AS 50 plus, which, in addition to death cover, is distinguished by a wide range of accident covers (disability due to accident, bone fracture due to accident, hospitalisation due to accident, accident annuity, etc.). The insurance is marketed through direct mail, with the launch of sales accompanied by an attractive prize competition.
• At the end of April, Adriatic Slovenica offers policyholders, as part of individual critical illness and surgery insurance, the option to choose higher sums insured of up to EUR 55,000 in the event of a serious illness occurring.
• The insurer KD Življenje begins selling new issues of an investment product in cooperation with BNP Paribas – Fondpolica® POTENCIAL.
• Update of the "Življenjski kasko" death-benefit life insurance product to improve price competitiveness across different entry ages.
• Adaptation of the Vita AS Royal Plus life insurance product, marking the start of cooperation with Adriatic Slovenica.
• Participation in an exhibition of giant insects and sea giants (Volčji Potok Arboretum).

May

• On 9 May 2013, KD Group signs an agreement with Factor banka d.d., Ljubljana, for the sale of a 100% interest in KD Banka d.d.
• Matej Tomažin, President of the Management Board of KD Skladi, takes part, as an investor representative, in a panel on EU audit reform at the annual congress of the European association of auditors in Ljubljana.
• KD Skladi take part in the 29th Financial Conference, focused on measures and challenges of the economic crisis in Europe's capital markets, at the Hotel Bernardin in Portorož. Andraž Grahek takes part in the round table "Business and Investment Opportunities of the Next Five Years", while Dušanka Malerič chairs a round table on alternative investment funds.
• KD Skladi run an advertising campaign tying in with the buzz in the technology sector around Facebook's stock market listing.
• President of the Management Board Matej Tomažin chairs a panel at Fleming Europe's 2nd Annual Central and Eastern Europe Conference in Prague, on the topic of mutual fund distribution channels in Eastern Europe.
• On 1 May, Ivan Gracar, M.Sc., is appointed Executive Director of the Health Insurance division at Adriatic Slovenica.
• As the first insurer in Slovenia, Adriatic Slovenica develops a new product for taking out car insurance online, WIZ. Research showed a promising market in Slovenia for direct online marketing of car insurance. WIZ insurance is aimed at safe and economical drivers, with the entire policy process carried out online, offering users a user-friendly experience. The policy is concluded in six simple steps via the website www.wiz.si, and the customer receives the policy by email.
• The insurer KD Življenje joins the nationwide socially responsible programme NE-ODVISEN.SI as a supporter.

June

• On 7 June 2012, effective as of the date of the 17th General Meeting of shareholders of KD Group, the terms of office of Dr Draško Veselinovič, member of the Board of Directors and Chief Executive Officer, and Peter Grašek, member of the Board of Directors and Deputy Chief Executive Officer, end following their letters of resignation. The General Meeting of shareholders appoints Gabrijel Škof and Aljoša Tomaž as new members of the Board of Directors for a term of office from 7 June 2012 to 16 November 2013, and the Board of Directors subsequently, by circular resolution, appoints Aljoša Tomaž as Chief Executive Officer and Gabrijel Škof as Deputy Chief Executive Officer.
• Luka Flere, M.Sc., CFA, takes over as Director of the Investment Sector at KD Skladi from Andraž Grahek.
• The insurer Adriatic Slovenica launches a new life insurance product on the market, ON AS, which includes cover for the risk of certain forms of male cancer. The insurance covers the first occurrence of cancer of the male reproductive organs and also includes death cover for any form of cancer, as well as a daily benefit for hospital treatment of male cancer. The insurance can be taken out via direct mail, with an online option also planned. The marketing campaign for the launch of the new insurance is accompanied by a prize competition.
• Adriatic Slovenica's Ljubljana branch begins operating from a single location at Celovška cesta 206 in June. On this occasion, on 13 June, the company presents its operations, marketing strategy and key new products to national media journalists, and marks a significant long-term partnership with the Slovenian Heart and Vascular Health Association in the field of cardiovascular disease prevention, with a donation.
• Adriatic Slovenica informs the public that, from 1 July, due to the Fiscal Balance Act (ZUJF), it will increase the monthly premium for supplementary health insurance. The monthly premium will increase by EUR 2.89 to EUR 29.38, while the premium with a three percent discount will be EUR 28.50, i.e. EUR 2.80 more per month than before.
• The insurer's website www.adriatic-slovenica.si receives an award as the second-best insurance website in the region of former Yugoslav countries at the 13th ICT and Insurance Conference (ICTI 2012) in Sarajevo, and is rated best among Slovenian insurance websites. The international jury awards Adriatic Slovenica's website second place among 26 competing websites, citing "excellent presentation of modern insurance products, and interactive, user-friendly services".
• On 22 June, Adriatic Slovenica's Koper branch holds an open day to present its latest offering, with numerous activities for different generations.
• Following the model of its new solar power plant insurance, Adriatic Slovenica also develops insurance for wind power plants, joining the ranks of insurers offering cover for alternative energy sources as well.

July

• Zvonimir Marić, new Management Board member of KD Investments, Zagreb, receives authorisation from the Croatian regulator HANFA to serve as a member of the management company's Management Board.
• KD Keš Depozit, a newly established investment fund of KD Fondovi, Skopje, receives authorisation for establishment from the Securities and Exchange Commission of the Republic of Macedonia.
• Luka Podlogar takes up his 4-year term as a member of the Management Board of KD Skladi.
• The insurer Adriatic Slovenica launches an extensive campaign to promote sales of supplementary health insurance among existing car and property insurance policyholders, continuing into August, September and October.

August

• Ahead of the new school and academic year, the insurer Adriatic Slovenica prepares a quality range of accident insurance for preschool children, schoolchildren and secondary school students, with an exceptionally broad range of cover. The campaign to promote school accident insurance runs across various sales channels (internet, mobile sales, direct mail, leaflets) and includes numerous activities (prize competitions).
• During the London Summer Olympics, the insurer Adriatic Slovenica carries out numerous communication activities to promote the Olympic spirit and its sponsorship of the Slovenian Olympic teams, a partnership now in its second decade. Using various tools (prize competitions, social media), the company reinforces its reputation as a socially responsible business.

September

• At its meeting on 27 September 2012, the Board of Directors of KD Group appoints Willem Jacob Westerlaken and Matija Šenk as Executive Directors of the company, neither of whom is a member of the Board of Directors, for a term of office from 1 October 2012 to 16 November 2013. Due to the provisions of KD Group's articles of association limiting the number of Executive Directors to four, the term of office of Executive Director Jure Kvaternik ends by mutual agreement as of 1 October 2012.
• The Supervisory Board of the management company KD Skladi operates in a new composition: Willem Jacob Westerlaken, Jure Kvaternik and Matija Šenk.
• The company KD Fondovi Skopje begins marketing a newly launched investment fund, KD Keš Depozit, which invests in low-risk bonds and money-market instruments from Macedonia, EU member states and OECD countries, and countries of southern and eastern Europe.
• In September and October, a no-entry-fee campaign is run for the KD Tehnologija equity fund.
• KD Skladi take part in the Investo Expo investor fair and conference, held at Cankarjev dom in Ljubljana.
• The insurer Adriatic Slovenica expands its range of policies that can be taken out via mobile phone. From September, in addition to Tujina AS travel insurance, the AS POLICA mobile app also allows supplementary health insurance and school accident insurance to be taken out via mobile phone.
• In September and October, the insurer Adriatic Slovenica runs an extensive campaign to promote the take-up of supplementary health insurance among young people. The campaign alerts students to the importance of having supplementary health insurance in place once they lose student status, and is accompanied by an attractive prize competition.
• On 14 September, the insurer Adriatic Slovenica organises a charity golf tournament for business partners, raising funds for the Slovenian Lymphoma Patients Association.
• As the official insurer of the Football Association of Slovenia, on 7 September Adriatic Slovenica enables 22 children, winners of the "Let's Make Children's Dreams Come True" prize competition, to walk out onto the pitch alongside the players of the Slovenian and Swiss national teams before the match.
• In line with EU Directive 2004/113/EC, Adriatic Slovenica standardises its pricing for critical illness and surgery insurance, which no longer differentiates by gender.
• At the 17th General Meeting of KD Življenje on 3 September 2012, a resolution is adopted on the discharge and appointment of Supervisory Board members. The General Meeting is informed of the resignation of Dr Draško Veselinovič and discharges Tomaž Butina and Aleksander Sekavčnik. Effective as of the date of the General Meeting, in addition to Andrej Nemec, the General Meeting appoints Jure Kvaternik and Simona Jamnik Čok as Supervisory Board members for a term of office of 4 years.

October

• At a press conference in Ljubljana, the management of the KD Group informs journalists and the wider public of the Group's new strategy. The KD Group, whose key activities are insurance and asset management, responds to conditions in the financial and economic sector with a new development strategy for successful, long-term and stable operations, aiming to become one of the leading insurance groups in the region within a few years. The KD Group intends to transform from a financial group into an insurance holding company. A strong regional insurance group will ensure the long-term growth and development of the Group, which is trusted by more than half a million customers.
• On 1 October 2012, KD Group publishes a notice of takeover intention, followed on 30 October 2012 by a takeover bid for the acquisition of shares of GEA College d.d., Ljubljana.
• As part of the 3rd Academy of Active Citizenship and Entrepreneurship, organised by the non-governmental organisation Mreža idej, KD Skladi holds an entrepreneurship workshop, "KD Skladi Challenge!", at which young participants can earn a paid internship at KD Skladi. The Academy took place in Piran.
• As a partner, KD Skladi supports an educational project on native Slovenian domestic animal breeds at Ljubljana Zoo, organised by the insurer KD Življenje. KD Skladi is represented at the event with an information stand.
• Adriatic Slovenica's branch in Novo mesto marks the 20th anniversary of its successful operations. At a press conference on 17 October, the company presents its business results and plans for the future, and opens new branch premises in Krško. On this occasion, a donation is made to the Krško Centre for Social Work.
• Via direct mail, the insurer Adriatic Slovenica offers its policyholders death-benefit life insurance developed by the insurer KD Življenje, Življenjski kasko. The campaign is repeated again in November.
• The insurer Adriatic Slovenica actively takes part in the debate on the impact of implementing the EU directive on cross-border healthcare, and, at the invitation of the Minister of Health, publicly presents its views. Representatives of the insurer are also active participants in a round table on remote care as an integral part of telehealth.
• As part of its five-year sponsorship partnership with Ljubljana Zoo, the insurer KD Življenje supports an educational project on a farm of native Slovenian domestic animal breeds.

November

• On 7 November 2012, for the purpose of objectively informing investors, KD Group publishes a notice that it has once again submitted a non-binding offer to acquire a 50.99% interest in Zavarovalnica Maribor d.d., Maribor, which was being sold by Nova kreditna banka Maribor d.d., Maribor, and explains in the notice the reasons for its decision.
• The company KD Skladi launches the website mobile.kd-skladi.si, optimised for smartphones and tablets, where users can now follow information on funds, stock market developments and news from KD Skladi.
• The company KD Skladi, as a sponsor, supports the World Youth Chess Championship, held from 7 to 19 November in Maribor, attended by more than 2,000 young chess players aged 8 to 18, thereby promoting awareness of the importance of saving from a young age.
• The company KD Skladi relaunches its online branch, KD Skladi.net. In addition to a design refresh, it adds several useful new sections: investment structure by fund, asset structure by investment type (equity, money market, bond funds, etc.), and a comparison of net inflows and assets.
• Companies within the KD Group (KD Življenje, KD Group, KD Skladi, Adriatic Slovenica) join the charity campaign for flood victims, "Let's Stand Together – Floods 2012", organised by RTV Slovenija, through the KD Fundacija, with a donation of EUR 5,000 to help children in flood-affected areas, with a further EUR 5,000 contributed by Adriatic Slovenica.
• At the Romanian company KD Investments, Bucharest, the balanced mutual fund KD Optimus is merged into the equity fund KD Maximus.
• For policyholders with above-standard insurance policies at Adriatic Slovenica, the Zdravstvena asistenca AS (Health Assistance AS) service is upgraded, offering comprehensive information and advice on the healthcare system and the range of above-standard health insurance products.
• The insurer Adriatic Slovenica receives more than 700 claims due to heavy rainfall at the start of the month, which caused major watercourses to overflow and extensive flooding in the Štajerska, Koroška, Posočje, Vipava Valley and Dolenjska regions, and increased tidal flooding along the coast. The rainfall caused approximately EUR 3 million in damage to policyholders.

December

• On 21 December 2012, KD Group publishes a notice of the successful outcome of its takeover bid for the acquisition of shares of GEA College d.d., Ljubljana.
• The company KD Skladi receives approval from the Securities Market Agency for amendments to the management rules of the KD Umbrella Fund concerning the restructuring of sub-funds and changes to the management rules, which took effect on 14 January 2013.
• The insurer Adriatic Slovenica, in order to comply with the EU directive on equal treatment of men and women, stops offering certain supplementary health insurance products.
• The insurer Adriatic Slovenica updates the terms and conditions of supplementary health insurance under reference 01PZZ-A01-08/13, which will apply to supplementary health insurance contracts concluded or renewed after 1 January 2013.
• The Fiscal Balance Act (ZUJF), introduced at the start of 2013, also affects the rights of war veterans, war invalids and victims of war violence, for whom the supplementary health insurance premium is paid by the state budget. The insurer Adriatic Slovenica informs beneficiaries who hold this insurance with Adriatic Slovenica of the necessary changes being introduced.
• On 20 December, the insurer Adriatic Slovenica holds its traditional annual press conference in Koper for regional media journalists and national media correspondents, presenting its results for the year and plans for 2013. Matjaž Gantar, Chairman of the Board of Directors of KD Group, and Aljoša Tomaž, Chief Executive Officer of KD Group, also present the Group's new strategy to journalists, placing insurance at the forefront of its operations. On this occasion, the Management Board of the insurer Adriatic Slovenica signs an agreement with Janez Kocijančič, President of the Olympic Committee of Slovenia – Association of Sports Federations, for a new four-year sponsorship cycle. Matjaž Gantar, Chairman of the Board of Directors of the KD Fundacija foundation, presents a donation of EUR 10,000, contributed through KD Fundacija by all companies in the Group, to Breda Krašna, Vice-President of the Zveza prijateljev mladine Slovenije (Slovenian Friends of Youth Association).
• The Supervisory Board of the insurer KD Življenje ends its cooperation with Jožica Palčič by mutual agreement; she will step down from her role as a member of the Management Board of KD Življenje effective 31 December 2012, and Gregor Sluga is confirmed as the new Management Board member in her place.

Changes in the composition of the KD Group

February

• Semenarna Ljubljana, d. d. is no longer an associated company.

March

• Through an additional acquisition of shares, KD Group becomes the sole owner of Gea College, d. d.
• KD Kapital acquires a 36.23% AZNugodila interest in SRC d. o. o.

April

• KD Kapital sells the company Radio Štajerski val d. o. o.

June

• Through sales of its interest in the bank DBS d. d., the KD Group reduces its ownership below the 20% threshold (the bank DBS, d. d. is no longer an associated company).

October

• Through a demerger transferring assets to the insurer AS, the insurer KD Življenje changes its company name to KD IT, d. o. o. and changes its business activity.

Other significant events in 2013

January

• On 3 January, the insurer Adriatic Slovenica introduced a new paperless module for HR matters, supported by the Business Connect information system. As a result, all paper documentation for managing working time and business travel orders has been discontinued. In July, the system was further upgraded with a module for paperless invoice settlement and a paperless registry, and, at the end of the year, with a module for documentation of internal regulations and the quality management system.
• In January, Maja Benko, M.Sc., was appointed Executive Director of the Life Insurance division at Adriatic Slovenica.
• The company KD Skladi amends its prospectus and merges four funds into the KD Umbrella Fund: KD Severna Amerika, equity fund, and KD Finance, equity fund, into the sub-fund KD Galileo, flexible investment structure (renamed KD Galileo, mixed flexible fund); KD Nova energija, equity fund, into the sub-fund KD Surovine in energija, equity fund; and KD EM Infrastruktura in gradbeništvo, equity fund, into the sub-fund KD Novi trgi, equity fund. In addition, it converts the mutual fund KD Delniški dohodkovni into a sub-fund of the KD Umbrella Fund named KD Dividendni, equity fund.
• Luka Flere, M.Sc., Director of the Investment Sector at KD Skladi, speaks at the Euromoney Central & Eastern European Forum conference in Vienna, on a round table on political and economic developments in Slovenia.

February

• On 22 February 2013, KD Group received a ruling from the Supreme Court in Ljubljana, deciding on the appeal on points of law filed by the plaintiffs 1. R & V, d.o.o., Ljubljana, 2. Boštjan Vovk, Ljubljana, 3. SVET 100, svetovanje in storitve d.o.o., Ljubljana, and 4. Marles d.d., Limbuš, against the judgment of the Higher Court in Ljubljana I Cpg 889/2009 of 24 February 2010, relating to the decision of the District Court in Ljubljana V Pg 2048/2008 of 7 May 2009, in the case against the defendant KD Group concerning the nullity and voidability of the resolutions of the company's General Meeting of shareholders of 29 August 2008. The Supreme Court upheld the appeal on points of law, filed on the grounds of incorrect application of substantive law, and amended the judgment of the second-instance court so as to dismiss the defendant's appeal against the first-instance decision and uphold the first-instance decision in the contested point 3 of its operative provisions. As a result, this judgment annuls resolution no. 2.2 of the company's 11th General Meeting of 29 August 2008 on the allocation of net profit for 2007.
• Adriatic Slovenica introduced new accident insurance covers: bone fracture due to accident, burns due to accident, total loss of sight due to accident, total loss of hearing due to accident, and death due to fire. To enable a fast and simple payout with minimal documentation, an additional accident insurance option was introduced, giving policyholders faster access to additional funds to offset the financial consequences of an accident.
• On 1 February, Adriatic Slovenica began an internal reorganisation with an emphasis on a process-based approach, under which teamwork and flexible working became the fundamental guiding principle for all employees at the insurer, enabling even greater adaptability and an even greater focus on meeting the needs of our customers. The reorganisation was completed on 1 October.
• In February, Aleš Žižmund was appointed Executive Director of Sales to Small Businesses and Individuals at Adriatic Slovenica, and Tanja Blatnik was appointed Executive Director of Insurance Operations.
• In early February, educational and motivational events, the "Adriatic Slovenica Sales Conference", were held in Rogaška Slatina and Ankaran for the company's own agent network, agency network and key account managers, attended by more than 600 participants in total. The main aim of the events was to give participants a detailed overview of what's new at the company, both in terms of new products and the new organisational structure being introduced as part of the Vetrnica project, and to put the new values into practice.
• On 10 February, the company VIZ recorded its thousandth policy concluded online. On 12 February, it took part in the Sales Summit event of the Finance newspaper's Business Academy, presenting how consumer behaviour patterns and the online sales channel shape product design, the sales process and messaging.
• On 19 February, the company VIZ launched a mobile website which, in addition to enabling policies to be taken out, also offers visitors useful information, such as safe driving tips, what to do in the event of a traffic accident, and the WIZ blog.
• At an event held by Moje finance magazine for the best mutual funds marketed in Slovenia, KD Skladi received recognition for best-managed money market fund – KD MM – for both the three-year (2010–2012) and five-year (2008–2012) periods.

March

• On 18 March, the Management Boards of Adriatic Slovenica and KD Življenje concluded a demerger agreement with the transfer of assets, to bring the two companies together and transfer the life insurance portfolio to Adriatic Slovenica. The General Meetings of both companies approved the agreement on 21 March, and on 15 April the companies also submitted a request to the Insurance Supervision Agency for authorisation of the planned merger procedures.
• On 7 March, the Supervisory Board of Adriatic Slovenica reviewed and approved the Management Board's proposed business policy and financial plan for 2013.
• Adriatic Slovenica began actively marketing Zdravje AS – critical illness and surgery insurance – through its call centre.
• In early March, Adriatic Slovenica and the insurer KD Življenje began marketing a new life insurance product, Življenjski kasko – Asistenca življenja, with risk underwritten by the sister insurer KD Življenje. This insurance provides comprehensive insurance protection in the event of unforeseen life events, and, on favourable terms, can also be combined with additional cover offering increased protection for permanent disability, an accident annuity, a sum insured for bone fracture, renewed supplementary child accident insurance, and additional DNK Nutri cover.
• In 2012, the majority of insurance premium receivables (around 30,000 cases) were assigned for consideration to the company Prospera. Among the significant business events of 2013, Prospera lists the completion of notifying courts and debtors about the assigned insurance premium receivables. The parent company began the notification process in March 2013 and completed it in September 2013.
• Due to requirements of the international reinsurance market, Adriatic Slovenica added a sanctions clause to all property insurance policies. Its purpose is to notify policyholders that the insurer has no obligations if paying out a claim would expose the insurer to any sanctions, prohibitions or restrictions under United Nations resolutions or breaches of EU laws and regulations.
• The company AS Osiguranje from Belgrade concluded a sponsorship agreement with the Olympic Committee of Serbia. This gave it exclusive status and the right to carry out marketing activities as part of its business, with a particular focus during the 2016 Summer Olympic Games in Rio de Janeiro.
• The company KD Skladi won the Trustedbrand award for the sixth consecutive time (2008–2013) as the most trusted brand in the Investment Companies and Mutual Funds category. The award reflects the trust placed in funds managed by KD Skladi among Slovenian consumers and readers of Reader's Digest magazine.
• The Supervisory Board of KD Skladi appoints Casper Frans Rondeltap as a new member of the company's Management Board for a period of four years.

April

• On 5 April 2013, KD Group received a decision from the Insurance Supervision Agency (hereinafter: AZN), in which the AZN granted the request of KD Group and KD to extend the deadline for remedying breaches, originally set at 12 April 2013, by nine months – i.e. until 12 January 2014. In the course of supervising the KD–AS financial conglomerate, the AZN had, on 11 April 2012, issued an order to KD Group and KD to remedy a breach, since, based on the calculation of capital and supplementary capital requirements at the level of the KD–AS financial conglomerate, KD Group and KD showed lower capital at the conglomerate level than the capital requirements calculated in accordance with the regulations.
• Due to an amendment to the Regulation on co-financing premiums for crop insurance and market needs, Adriatic Slovenica prepared a new price list for crop insurance and introduced the option of insurance with a lower, 15% deductible. It also increased certain minimum sums insured for specific types of crops.
• On 18 April, the company VIZ offered users the WIZ Wizard, which, based on answers to a few simple questions, suggests suitable cover for car insurance.
• The company KD Skladi began marketing a new, very cost-effective savings product: three fund packages, each combining several funds in pre-determined ratios designed around the savings goal: Moje sanje (My Dreams), Popotnica za življenje (A Send-off for Life), and Situirana jesen (A Comfortable Autumn).
• The 19th Kapital 2013 financial fair, an event for setting and achieving financial goals sponsored among others by KD Skladi, was held at Cankarjev dom in Ljubljana. Fund managers gave talks on the situation in the financial markets and how to make the most of future trends.

May

• Ahead of the boat insurance season, Adriatic Slovenica renewed its Boat Insurance Premium Price List, adjusting certain premium rates and raising minimum deductibles.
• In May, Adriatic Slovenica launched a project in health insurance to control the guarantee status of health insurance policies. As part of this project, payment verification for valid health insurance policies was established via the KZZ online system.
• On 24 May, at the 51st meeting of the Supervisory Board of Adriatic Slovenica, members were informed of the resignation of Management Board member Matej Cergolj. He will continue to perform his role on the Management Board until the expiry of his 6-month notice period, until 24 November 2013. After leaving the Management Board, he will focus on risk management at the insurer.
• On 25 May, more than 700 colleagues from all companies in the KD Group, from Slovenia and abroad, gathered in Ankaran for the 21st traditional sports and social gathering organised by the sports and cultural association Pravi Asi, operating within Adriatic Slovenica, and competed in various sporting events. The employee gathering helps to strengthen a shared corporate culture and improve cooperation among employees at work.
• On 27 May, Adriatic Slovenica launched one of its most important development projects of 2013 on the market. The insurer now designs car insurance tailored to the customer, and also sets premiums based on the risk profile of individual smaller policyholder segments, taking into account numerous factors, including the driver's age and place of permanent residence. It also offered customers new covers, such as Urbani kasko for safe and experienced drivers, and Totalka AS cover, which applies exclusively to total loss and whose premium is only a third of a full comprehensive insurance premium. The insurer reduced the premium for AO+ driver insurance for bodily injury damages arising from a traffic accident by 20%.
• On 8 May 2013, the company KD Skladi, in cooperation with the American investment bank Jefferies, organised a professional seminar on Central and Eastern Europe (CEE) at Ljubljana Castle. It was attended by more than 40 domestic and foreign institutional investors, primarily representatives of insurers and pension companies.
• The company KD Skladi held a free lecture for investors in Ljubljana and Maribor titled "The Situation on the Financial Markets and How to Make the Most of Future Trends".

June

• On 14 June, Adriatic Slovenica held the closing event in Koper for the 4th "Write a Poem About Clean Seas" competition. The competition winner was Vanja Kovač, a 5th-grade pupil from a primary school in Vače, who won a day at the seaside with her classmates as her prize. Through this annual competition, we invite pupils and schools to reflect on the environment and to be creative. This year, 60 primary schools and as many as 289 pupils took part.
• The Supervisory Board of KD Skladi appoints Luka Podlogar, an existing Management Board member, as the company's new President of the Management Board, effective from 2 July 2013 until the end of his term of office on the company's Management Board, and notes that Casper Frans Rondeltap took up his four-year term as a Management Board member on 17 June 2013.
• On 19 June, the Management Board of Adriatic Slovenica approved a new supplementary health insurance product for cancer risk with staged payouts, ONA AS ZDRAVJE. The insurance is aimed at women aged 18 to 55 and comprises three covers: cover for the diagnosis of female cancer, cover for the diagnosis of other forms of cancer, and a death benefit.
• In June, Adriatic Slovenica and the insurer KD Življenje began marketing Fondpolica POTENCIAL PLUS, a death and survival life insurance product in which the policyholder bears the investment risk. It offers the policyholder more favourable entry into the Dynamic Commodity Index, capital protection and return lock-in, as well as the option to continue the insurance in the event of the insured person's death. On maturity, at least 90% of the funds paid in are paid out. Funds accrue as though the agreed instalment premium had been paid in a single lump sum at the start of the insurance, and the product also includes locking in of achieved returns.
• On 30 June, following a request from the Insurance Supervision Agency, insurers stopped offering death-risk cover for children under the age of 14, and Adriatic Slovenica accordingly excluded this cover from new insurance offerings for this age group.
• The insurer Adriatic Slovenica launched a successful campaign for taking out long-term school accident insurance. Following a decision of the Slovenian Market Inspectorate, in order to ensure equal opportunities, it also made accident insurance available to persons with depression, anxiety disorders and intellectual disability.
• On 26 June, through its subsidiary AS Neživotno osiguranje a.d.o. Belgrade, Adriatic Slovenica offered the option to take out travel health insurance and AS Direct roadside assistance online. AS Direct brings a range of benefits not previously available on the Serbian market: the policy can be concluded on any mobile device via www.as-direct.rs, payment can be made by credit card, and, as an additional benefit, payment is also possible via mobile banking and SMS for all Telekom Srbije network users. Policyholders receive their policy by email. As part of the roadside assistance, an assistance package called Moj Grad was prepared for urban drivers, and Moja Srbija for drivers who spend more time on the road.
• At the company Prospera, improvements to IT support in June enabled work to begin on premium collection case files.

July

• On 15 July 2013, KD Group d.d. received a decision of the Constitutional Court concerning the constitutional appeal filed against the judgment of the Supreme Court. The Constitutional Court decided not to accept for consideration, i.e. to reject, the constitutional appeal against the Supreme Court's judgment of 22 January 2013, which had annulled the resolution on the allocation of net profit for 2007.
• Adriatic Slovenica prepared a new premium price list for machinery breakdown insurance and precise rules for determining premium increases or decreases based on claims experience (a bonus/malus system). To make it easier to determine the bonus/malus for individual customers, the CRS – Central Customer Register application was upgraded.
• On 1 July, Klub KD plus, aimed at providing benefits to customers of companies within the KD Group, was relaunched and renamed AS Klub ugodnosti, as it was taken over for management by the insurer Adriatic Slovenica, one of its founding members.
• On 9 July, the company VIZ offered customers who had rated the company highly and recommended WIZ insurance to others the chance to claim a EUR 20 voucher, redeemable at all Petrol filling stations.
• At the end of July, a storm affecting mainly central Slovenia caused significant property damage, particularly to house roofs and cars. The insurer Adriatic Slovenica paid out approximately one million euros to policyholders to cover the damage.

August

• On 29 August 2013, the 18th General Meeting of shareholders of KD Group d.d. was held, at which, among other things, a resolution was adopted extending the term of office of existing Board of Directors members Matjaž Gantar, Sergej Racman, Aleksander Sekavčnik, Tomaž Butina, Aljoša Tomaž and Gabrijel Škof for a new four-year period, beginning on 17 November 2013. The 18th General Meeting also adopted a resolution to reduce share capital through the cancellation of preferred participating cumulative shares with the ticker KHDP, and an amendment to the articles of association reflecting the reduction of share capital. As a result of the reduction of share capital through the cancellation of preferred shares, each holder of preferred shares will, instead of a cash payment, receive one newly issued bond per preferred share, issued by KD Group d. d., with a nominal value of EUR 20.00.
• On 20 August, the company VIZ redesigned its section on Avto net, the most-visited vehicle sales web portal, which now, in addition to a banner, also includes dynamic content (the WIZ blog and WIZ Wizard).

September

• The insurer Adriatic Slovenica was the first in Slovenia to offer, as part of its Zdravstvena asistenca AS service, two new health insurance products: transitional care insurance due to illness or accident, and transitional care insurance due to accident. These insurance products complement, in particular, existing personal insurance (health, life and accident insurance), and cover home help, transport to check-ups, and transport to chemotherapy sessions to the extent set out in the relevant insurance package – mini, opti or maxi.
• Adriatic Slovenica offered a rich range of broad accident insurance cover for preschool children, schoolchildren, secondary school and university students, with a range of benefits, an additional discount for taking out the policy online or by mobile phone, and an attractive prize competition.
• On 6 September, the insurer Adriatic Slovenica organised its traditional charity golf tournament for business partners at the golf course in Smlednik. Through their participation, tournament participants contributed to the purchase of a new defibrillator, which will be installed at a high-traffic location in Ljubljana as part of the iHELP project.
• On 17 September, the Insurance Supervision Agency issued a decision authorising the demerger, with the transfer of assets from the transferring company KD Življenje, taken over by the acquiring company Adriatic Slovenica. The transfer of assets from the transferring company KD Življenje means, among other things, the transfer of all insurance contracts to the acquiring company.
• On 17 September, the insurer Adriatic Slovenica took 1st place in the mobile applications category at the "WEBSI Web Champions 2013" competition for its AS POLICA project, which enables as many as three types of insurance to be taken out via mobile phone. The company VIZ took 2nd place in the business website category, and by the end of September as many as 79% of WIZ policyholders had renewed their policy, demonstrating a high level of policyholder satisfaction.
• In September, Adriatic Slovenica carried out an extensive marketing campaign to promote the take-up of supplementary health insurance among young people, supported by an advertising campaign and an attractive prize competition.
• Adriatic Slovenica completed a project to renew the insurer's overall visual identity, one of the key elements of the company's brand recognition. Adriatic Slovenica's new visual identity is fresh and simple, conveying openness and modernity, while retaining all the elements of the company's brand recognition.
• On 24 September, the Supervisory Board of Adriatic Slovenica appointed Varja Dolenc, M.Sc., as a member of the Management Board. She will take up the role once she obtains authorisation from the Insurance Supervision Agency, and will begin working at the company on 1 December 2013, initially as an advisor to the Management Board for finance and accounting, and, once she quickly obtains the licence to become a Management Board member, as a member of the Management Board.
• The KD Skladi fund management team prepares quarterly fund portfolios, showing their proposed allocation of assets among the sub-funds of the KD Umbrella Fund, prepared in advance for three types of investors according to their risk appetite: cautious, balanced and dynamic.
• KD Skladi organise a major online prize competition, Vse = mogoče! (Everything = Possible!), with a main prize of EUR 10,000, in the hope of helping to make people's life dreams come true.

October

• On 1 October, the demerger of assets from the transferring company KD Življenje, zavarovalnica, d.d., through the transfer of the demerged part to the acquiring company Adriatic Slovenica Zavarovalna družba d.d., was recorded in the court register. With effect from 1 October, Adriatic Slovenica thus entered into all legal relationships arising from KD Življenje's concluded insurance contracts. All KD Življenje policyholders received a special magazine, "New Dimensions of Security", about the transfer of KD Življenje's life insurance business to Adriatic Slovenica. As the acquiring company, Adriatic Slovenica increased its share capital as a result of taking over the demerged assets of the transferring company KD Življenje d.d. and in order to provide shares to shareholders of the transferring company. Share capital increased from EUR 40,338,758.14 by EUR 2,660,771.66 to EUR 42,999,529.80, through the issue of 637,627 new no-par-value shares. The registration of the increased share capital was carried out at the same time as the registration of the demerger with the transfer of assets, i.e. on 1 October 2013. The increase in share capital was reviewed by an external auditor in accordance with the third paragraph of Article 588 of the Companies Act (ZGD-1).
• On 1 October, Miloš Milivojevič was appointed Executive Director for Claims at the insurer Adriatic Slovenica.
• Following the registration of the merger of the life insurance portfolio of the insurer KD Življenje into Adriatic Slovenica, all combined financial statements and reports were prepared in line with the planned activities. An interim external audit was also carried out as at 30 September 2013.
• On 14 October, Adriatic Slovenica launched a new investment-linked life insurance product on the market, Aktivna renta AS, offering policyholders a guaranteed pension, a scholarship for children, or an annuity for a set period. The greatest advantage of the insurance is that the insurer continues paying the premium in the event of the policyholder's death, unemployment, long-term incapacity for work or disability, along with payment of the sum insured in the event of a critical illness or accident.
• In October, Adriatic Slovenica introduced a simple way to calculate and enter the minimum premium per policy into the INIS information system. It defined the rules and procedure for applying the minimum premium adjustment per policy when drawing up property insurance policies.
• In October, Adriatic Slovenica prepared an interesting prize competition for policyholders with supplementary health insurance, offering them a year of free transitional care insurance and attractive gifts. At the same time, it presented a benefit specially prepared for them when taking out car insurance.
• Throughout October, a no-entry-fee campaign for all KD Skladi funds ran exclusively for members of the AS Klub ugodnosti, extended until the end of 2013.

November

• On 4 November, the Vse = mogoče! prize competition at KD Skladi concluded, with winner Jernej Slivnik receiving the main prize, a cheque for EUR 10,000, to help fulfil his dream of "qualifying for the 2018 Winter Paralympic Games on a mono-ski".
• KD Group d.d. received a notice from the Securities Market Agency stating that, in fulfilling the resolution of the 18th General Meeting on the reduction of share capital through the cancellation of preferred participating cumulative shares with the ticker KDHP, submission of a prospectus for the public offering of bonds is not required. As obtaining the above information had been set as a condition precedent for the adopted resolution to take effect, that condition was fulfilled on 6 November 2013, and the resolution accordingly took full effect.
• On 8 November 2013, the members of the Board of Directors of KD Group d.d. adopted a resolution appointing, for the next four-year term of office, Matjaž Gantar as Chairman of the Board of Directors, Aleksander Sekavčnik as Deputy Chairman of the Board of Directors, and Aljoša Tomaž, Gabrijel Škof, Willem Jacob Westerlaken and Matija Šenk as Executive Directors. The term of office of the Chairman, Deputy Chairman and Executive Directors began on 17 November 2013.
• On 15 November 2013, KD Group d.d. received a decision from the District Court in Ljubljana recording the reduction of KD Group's share capital. Payment to shareholders will be made, in accordance with the resolutions of the 18th General Meeting of shareholders, after the expiry of the statutory six-month period from the publication of the registration of the resolution on the reduction of share capital, and once creditors who report their claims in time have been guaranteed repayment or security for their claims. Following registration of the reduction of share capital in the court register, KDD deleted shares with the ticker KDHP from the central securities register, and the shares were withdrawn from the organised market on the Ljubljana Stock Exchange.
• On 19 November 2013, KD Group d.d. publicly disclosed information on the new KDH3 bond issue under the title "Terms of Issue of KDH3 Bonds and Other Information on KDH3 Bonds of Issuer KD Group, finančna družba, d.d." The bonds will be issued to holders of preferred participating cumulative shares with the ticker KDHP, in accordance with the resolution on the reduction of share capital.
• The insurer Adriatic Slovenica listened to its customers' wishes and, for car insurance, introduced the option of taking out additional comprehensive cover with a bought-down deductible. The Dom AS property and household contents insurance was enhanced with several new combinations of accident cover.
• On 6 November, the Supervisory Board of Adriatic Slovenica appointed Matija Šenk as a member of the Management Board; he will take up the role once he obtains authorisation from the Insurance Supervision Agency. He will begin working at the company on 1 January 2014, initially as an advisor to the Management Board. With more than 17 years of insurance experience, he will be responsible at the insurer for claims, risk management, actuarial activities, strategic reinsurance, and fraud prevention and detection.
• On 11 November, gale-force winds in the Gorenjska, Štajerska, Notranjska and Primorska regions caused a great deal of property damage. The storm caused Adriatic Slovenica's policyholders approximately half a million euros of damage, mostly to property and vehicles.
• Employees at Adriatic Slovenica took part in a KD Fundacija charity campaign collecting children's jumpers, hats, gloves, scarves and jackets for the children and young people of the Malči Beličeve Youth Home. Employees at all branches collected a substantial quantity of clothing, which was handed over to the children at the December St Nicholas's Day event.
• The insurer Adriatic Slovenica renewed its ONA AS ZDRAVJE and ON AS ZDRAVJE insurance products, bringing them closer to policyholders' needs. The renewed products now include staged payouts, i.e. the option of multiple payouts up to the agreed sum insured in the event of female/male cancer. The insurance now also allows for payouts in the event of other forms of cancer, as well as payouts in certain cases of pre-cancerous changes. In addition, policyholders were offered an extra benefit – a health bonus with a 15% payout of premiums paid on maturity of the policy, if no insured event occurred during the term of the insurance.

December

• On 12 December, Adriatic Slovenica's representative office in Ravne na Koroškem, where policies are taken out and claims are assessed, began operating from new, more modern premises.
• On 17 December, at its traditional annual meeting for coastal-region journalists and national media correspondents at the company's head office in Koper, Adriatic Slovenica presented its 2013 business results, having consolidated its position in second place on the Slovenian insurance market, along with its plans for 2014. It also presented its partnership with the life-saving iHELP project and familiarised journalists with basic resuscitation procedures.
• Adriatic Slovenica renewed its travel health insurance with assistance (ZZTA) and, together with a foreign partner, launched a new Multirisk travel insurance product. It became the first insurer to offer ZZTA cover as part of a car insurance policy, aimed in particular at people who travel abroad frequently for business or personal reasons.
• In December 2013, Adriatic Slovenica began selling the ZASE insurance package via direct mail. The package comprises death-benefit life insurance with additional cover for accidental death, death in a traffic accident, permanent disability due to accident, and bone fracture; transitional care insurance due to accident or illness can also be added.

Changes in the composition of the KD Group in 2014

April

• The associated company Žičnice Vogel Bohinj becomes a subsidiary, as KD Kapital acquires an additional 4.90% interest.

May

• KD Group and KD IT sell their 90.26% interest in KD Životno osiguranje to Adriatic Slovenica, which thereby becomes its 100% owner.

June

• KD Group acquires a 22.26% interest in ZIF VIB fond, carrying an equal share of voting rights, making ZIF VIB Fond an associated company of the KD Group.

August

• The company Zellner Holdings Limited is merged into Seaway Design d.o.o.

Other significant events in 2014

January

• On 14 January 2014, KD and KD Group received a decision from the Insurance Supervision Agency establishing that the KD–AS financial conglomerate, which had been identified in the Insurance Supervision Agency's decision of 22 September 2010, ceases to exist. Already in 2012, the KD Group had made a strategic decision to reduce activities falling, under the Financial Conglomerates Act, within the banking and securities market sectors, below the threshold at which the KD Group would no longer meet the conditions for being classified as a financial conglomerate. In implementing this strategy, KD Banka was sold in full, and the KD Group reduced its interest in Deželna banka Slovenije below 20%, as a result of which the KD Group ceased to meet the conditions and criteria for a financial conglomerate.

• To optimise operations and adapt to market conditions, and in accordance with a decision of the Romanian regulator (FSA), a decision was taken to transfer the KD Maximus fund from the Romanian company KD BC Management S. A., Bucharest, to the management company SAI Certinvest S.A.

• In line with amendments to pension legislation, Adriatic Slovenica prepared a collective and individual pension plan for voluntary supplementary pension insurance for the savings period, together with management rules and investment policy statements, and submitted them for approval to the Insurance Supervision Agency (AZN) and the Ministry of Labour of the Republic of Slovenia.

• On 13 January, having received AZN authorisation to serve as a member of the Management Board, Varja Dolenc, M.Sc., took up her role on the Management Board of Adriatic Slovenica. On the insurer's Management Board, she is responsible for finance, accounting, treasury and controlling.

• On 30 January, the Management Board of Adriatic Slovenica also formally became a four-member board. On 30 January, Matija Šenk received authorisation from the AZN to serve as a member of the Management Board. On the Management Board, he is responsible for claims, risk management, actuarial activities, strategic reinsurance, and fraud prevention and detection.

February

• At the Moje finance magazine awards for the best mutual funds of 2013, the company KD Skladi received the most prestigious accolade for best Slovenian management company, while the title of best fund manager was awarded to Primož Cencelj of KD Skladi. KD MM was also recognised as the best money market fund over three- and five-year periods, along with KD Balkan as the best Balkan equity fund over the past five years.

• On 1 February, large parts of Slovenia, particularly the Notranjska, Koroška, Savinjska and Šaleška valley regions, were hit by an ice storm, causing significant damage, especially to forests, the electricity grid, telecommunications infrastructure, railways and roads, as well as some damage to policyholders' property and vehicles. Based on an estimate from the first claims received, Adriatic Slovenica's policyholders reported EUR 750,000 in damage. Remedying the effects of the ice storm will take a long time, as approximately 40% of Slovenian forests were destroyed, and repairing the electricity grid will likewise be a lengthy process. In Notranjska, flooding of the Planina Field also caused some minor problems.

March

• Following the completed European Trusted Brand 2014 survey, the company KD Skladi was named the most trusted brand in the Investment Companies and Mutual Funds category for the seventh consecutive year.

• On 12 March, Adriatic Slovenica became general sponsor of the "500 Businesswomen" event in Ljubljana, offering the target group of small businesses property insurance, life insurance for businesswomen, and pension insurance for employees.

April

• In April, the insurer Adriatic Slovenica began equipping all regional centres with defibrillators. These are installed at the busiest locations in towns or places identified by the relevant municipality as being most in need. By the end of June, 11 defibrillators had been installed (two in Ljubljana, and one each in Koper, Novo mesto, Kranj, Maribor, Celje, Postojna, Murska Sobota, Grgar and the Volčji Potok Arboretum). As part of the partnership with the iHELP project, training in basic life support is organised for employees across the KD Group.

• On 25 April, Adriatic Slovenica informed the public that, from 1 June 2014, it would reduce the supplementary health insurance premium. The new monthly premium, with a 3% discount, will be EUR 27.49 (previously EUR 28.50), and without the discount EUR 28.34 (previously EUR 29.38). All supplementary insurance policyholders were also offered a range of other benefits.

May

• On 16 May 2014, KD Group issued 215,107 bonds with the ticker KDH3. They were issued and registered with KDD – Centralna klirinško depotna družba, d.d., Ljubljana, in the name of all shareholders of the company recorded in KDD's share register as holders of KDHP preferred shares as at 15 November 2013, with the exception of KD Group itself as holder of its own preferred treasury shares.

• The companies KD Skladi and Adriatic Slovenica prepared a joint promotional offer, the Savings Package. New savers who take out a fund package at a KD Finančna točka branch receive, in addition to an extra payment of EUR 20.00 into the fund package, a voucher worth up to EUR 40.00 towards car insurance with Adriatic Slovenica.

• The company KD Skladi received a decision from the Securities Market Agency granting it authorisation to provide portfolio management services in financial instruments and authorisation to provide ancillary services (investment advice relating to financial instruments, and safekeeping and administrative services relating to investment fund units).

• In May, Adriatic Slovenica was involved in handling a major fire damage claim for a policyholder of its sister company AS neživotno osiguranje in Serbia. A major fire at a medical equipment company destroyed warehouse space and part of the business premises, with total damage exceeding EUR 3 million.

• Employees across the KD Group joined the AS Fundacija charity campaign to collect material and financial aid for those affected by flooding in Serbia and Bosnia and Herzegovina.

June

• On 24 June 2014, KD Group received a decision from the Securities Market Agency approving the prospectus for the admission of 215,107 bonds with the ticker KDH3 to trading on the organised market.

• The first issue of Optimum, a new informative and advisory magazine for KD Skladi investors, was published. It is aimed at investors in various life situations who are seeking answers to financial questions and advice on investing their assets.

• To mark the KD Group's 20th anniversary, the companies KD Skladi and Adriatic Slovenica organised an Olympic Day at the Volčji Potok Arboretum – a get-together with top Slovenian athletes for employees, customers and contractual partners. On the same day, Adriatic Slovenica also organised a charity golf tournament for business partners. Participants at both events were able to contribute to the Podari.malico charity project, which raises funds for school snacks and lunches for children from socially disadvantaged backgrounds.

• The company Viz d.o.o., which offers convenient online car insurance through the portal www.wiz.si, marked its second successful year of operation in June. Business figures show that the company is even exceeding its planned business targets, and users rate the user experience as excellent.

July

• On 2 July 2014, 215,107 bonds issued by KD Group d.d., with a total nominal value of EUR 4,302,140.00 and the short ticker KDH3, were admitted to the Bond Segment of the stock market. The first day of trading was 2 July 2014.

August

• The 21st General Meeting of shareholders of KD d. d. was held on 28 August 2014; among other matters, it was informed of the letter of resignation of Board of Directors member Sergej Racman and, effective as of the date of the General Meeting, appointed Katarina Valentinčič Istenič as a member of the Board of Directors for a term of office until 17 November 2017, when the term of office of the existing members of the Board of Directors of KD Group d.d. expires. The General Meeting also adopted a resolution authorising the Board of Directors to acquire treasury shares.

• To improve oversight of spending under supplementary health insurance, Adriatic Slovenica carried out an audit at the four largest healthcare service providers in Slovenia.

September

• In mid-September, heavy rainfall hit the eastern part of the country, causing flooding in the Mura and Kolpa river basins, and, to a lesser extent, in the Savinja, Pakа and Sava river basins. River flows rose rapidly, and the rainfall triggered numerous landslides. Most of the damage was caused by flooded buildings and landslides, which together caused Adriatic Slovenica's policyholders approximately EUR 600,000 in damage.

• Krog varnosti (Circle of Security) is an umbrella marketing campaign through which Adriatic Slovenica tells customers that, by completing the full circle of security – property, health and life insurance with AS – they can make significant savings. The campaign also communicates the results of the 2014 Insurance Monitor survey, in which AS ranked as the insurer with the highest proportion of very satisfied policyholders. As part of the umbrella campaign, the Super AS Jesen (Super AS Autumn) promotion is also running, offering significant savings on taking out or renewing car insurance, and ending at the close of 2014.

October

• With effect from 1 October 2014, AS neživotno osiguranje appointed a new General Manager, Aleksandar Mitrović, who had previously served as director of the company's Belgrade business unit.

• The company Prospera acquired from its parent company established subrogation claims as at 31 August 2014 with a gross value of EUR 2,365,194.22, at an assignment price of EUR 984,119.89, and premium receivables as at 31 August 2014 with a gross value of EUR 1,183,006.67, at an assignment price of EUR 285,272.90.

November

• On 21 November 2014, KD Group d.d. published the credit rating it received from the rating agency Fitch Ratings. Fitch Ratings assigned KD Group a credit rating of "BB-" and assigned Adriatic Slovenica, zavarovalna družba, d.d., KD Group's largest subsidiary, an insurer financial strength rating of "BBB-". The rating outlook was defined as "stable". The rating reflects a strong position in the Slovenian insurance and asset management markets, as well as adequate capitalisation.

• On 28 November, around 1,300 employees, contractual partners and friends of all companies within the KD Group, which celebrated its 20th anniversary in 2014, gathered at the parent company's anniversary event. In the spirit of the values shared by all companies in the Group, the event strengthened momentum towards achieving future goals.

• For the second consecutive year, the company KD Skladi organised the Vse=mogoče! (Everything=Possible!) prize competition. The competition offers the winner EUR 10,000 to bring their idea to life, EUR 5,000 in advertising on Radio Center, and tuition fees for the first year of undergraduate study on the Entrepreneurship programme at Gea College. The competition received 670 entries. Entrant teams developed their project proposals, shared them on KD Skladi's Facebook page, and collected badges and likes. From all the ideas submitted, an eight-member jury selected six of the most original projects, with the public then deciding the winner through online voting. The Vse=mogoče! competition was won by the Calypso project, a submarine built by students of Gimnazija Vič for the purpose of exploring the Slovenian sea.

December

• KD Group d.d. signs an agreement for the purchase and sale of a 100% interest in Gea College, d.d., poslovno izobraževanje, Ljubljana.

• The financial conference "On the Challenges and Opportunities of the Financial Markets" was held, organised by the KD Group together with the Finance newspaper to mark the Group's 20th anniversary. Distinguished speakers included Matjaž Gantar, Chairman of the Board of Directors of KD Group; Mitja Gaspari, former Minister of Finance and Governor of the Bank of Slovenia; Boštjan Vasle, Director of UMAR; economist Veljko Bole; Gabrijel Škof, President and member of the Management Board of AS; Willem Jacob Westerlaken, member of the Management Board of AS; Aljoša Tomaž, Chief Executive Officer of KD Group; and Luka Podlogar, President of the Management Board of KD Skladi.

• KD Skladi obtains authorisation from the Securities Market Agency to manage cover assets for life insurance and part of the non-life insurance business of the insurer Adriatic Slovenica, d.d., with a total value of EUR 120 million.

In accordance with its statutory obligations, KD regularly publishes significant events on the SEOnet web portal of the Ljubljana Stock Exchange and on the company's website www.kd-group.com.

Changes in the composition of the KD Group in 2015

March

• On 24 March 2015, KD Kvart established the company Projektor d.o.o.
• KD Group completed the process of selling GEA College d.d.; on 18 March 2015, once the conditions of the sale and purchase agreement had been fulfilled, it transferred all shares of GEA College to the buyer FT in Partnerji d.o.o. of Ljubljana.

May

• The company KD Skladi acquired a 60% interest in KD Locusta Fondovi d.o.o., carrying an equal share of voting rights, making KD Locusta Fondovi a subsidiary of the KD Group.

June

• On 22 June 2015, KD Kvart acquired a 30% interest in Medium Media d.o.o., which thereby became an associated company of the KD Group.
• KD Kapital acquired a 37.32% interest in Radio Kranj and, together with its existing 90% interest and the remaining 10% treasury interest of Radio Kranj itself, became the 100% owner of the company. In the same month, KD Kapital sold its entire business interest in Radio Kranj.

September

• KD Kapital acquired a 0.05% interest in Žičnice Vogel, thereby becoming the 50.05% owner of the company.
• KD Kapital's interest in SRC d.o.o. was reduced to 35.26% due to a capital increase by the other shareholders.
• Through the demerger of TOVARNA OLJA GEA, d.d., a new company, KR d.d., was created, 26.90% owned by the KD Group. KR d.d. is an associated company of the KD Group.

November

• On the basis of an agreement concluded on 28 September 2015 with RRC Računalniške storitve, d.d., KD Kapital received, on 18 November 2015, payment for its entire 50.05% interest (499,513 shares) in Žičnice Vogel Bohinj.

December

• The registration of the merger of the subsidiary KD Životno osiguranje into the parent company Adriatic Slovenica was recorded in the court register on 30 December 2015. The insurer KD Životno osiguranje ceased to operate as an independent legal entity, and its business in Croatia now continues through the Zagreb Branch.

Other significant events in 2015

January

• On 16 January 2015, Adriatic Slovenica obtained the basic Family-Friendly Company certificate and prepared an action plan to improve work processes and the quality of the working environment, to achieve a better balance between professional and private life. Obtaining the basic certificate, and plans to build on it further, reflect the insurer's positive attitude towards the needs of employees arising from family life.
• Adriatic Slovenica became the exclusive provider of personal insurance products with the start of insurance sales at Pošta Slovenije branches.
• On 29 January 2015, Adriatic Slovenica recapitalised its subsidiary KD Životno osiguranje with a payment of EUR 396,492.

February

• On 23 February 2015, KD Group concluded a long-term syndicated loan agreement, approved by a banking syndicate comprising Nova Ljubljanska banka, d.d. (also acting as arranger and agent), Abanka Vipa d.d., Gorenjska banka, d.d., Banka Celje d.d., and Nova kreditna banka Maribor d.d., under which the banks provided KD Group d.d. with a long-term loan with a 7-year term in the amount of EUR 67,013,100. The syndicated loan is intended to refinance the financial liabilities of the KD Group, continuing KD Group's strategy of securing an optimal financing structure for KD Group and the KD Group as a whole, and improving it.
• On 13 and 14 February, Adriatic Slovenica held its key event for its own sales network in Portorož, the seventh annual sales conference, attended by more than five hundred participants.
• Adriatic Slovenica established a branch in Croatia – Adriatic Slovenica d.d., Podružnica Zagreb (hereinafter: the Zagreb Branch).
• At the Moje finance magazine awards for the best mutual funds of 2014, the company KD Skladi received the most awards of any company, winning as many as 9 of the 29 accolades presented. Funds awarded the top rating (five stars) were: KD RASTKO, best fund of the past three years in the equity – European category; KD NOVI TRGI, best fund of the past three years in the equity – emerging markets category; KD MM, best fund of the past five years in the money market – euro category; KD VZHODNA EVROPA, best fund of the past three and past five years in the equity – European emerging markets category; KD INDIJA - KITAJSKA, best fund of the past three and past five years in the equity – Asia and Oceania category; and KD BALKAN, best fund of the past three and past five years in the equity – Balkans category.

March

• On 5 March 2015, the international rating agency Fitch Ratings confirmed KD Group's existing credit rating of BB- and Adriatic Slovenica's insurer financial strength rating of BBB-. The rating outlook is "stable". The rating confirmation for KD Group and Adriatic Slovenica was made following the announcement by KD Group of the signing of the long-term syndicated loan agreement approved by the banking syndicate comprising Nova Ljubljanska banka d.d., Abanka Vipa d.d., Gorenjska banka, d.d., Banka Celje d.d., and Nova kreditna banka Maribor d.d.
• Following the completed European Trusted Brand 2015 survey, the company KD Skladi was named the most trusted brand in the Investment Companies and Mutual Funds category for the eighth consecutive year.

April

• On 15 April 2015, KD Group successfully completed the issue of bonds with the ticker KDH4, in a total amount of EUR 14,622,000, maturing on 15 December 2021, with an interest rate of six-month (6M) EURIBOR + 5.600%. The bond issue was intended to refinance financial liabilities arising from KD Group's existing obligations. The bonds were issued without publication of a prospectus, pursuant to points 1 and 2 of the first paragraph of Article 49 of the Financial Instruments Market Act.
• On 3 April 2015, the Board of Directors of KD Group appointed Alenka Pirih as a new member of the Audit Committee, replacing Milena Georgievski, who had resigned from the role.
• On 15 April 2015, Adriatic Slovenica presented its Podjetnik AS insurance product at the Small and Medium-Sized Enterprises Conference in Ljubljana. The conference was attended by around 120 domestic and foreign entrepreneurs, as well as Prime Minister Miro Cerar. Adriatic Slovenica ran an intensive promotion of the new insurance product and was also a sponsor of the "500 Businesswomen" business event on 18 March 2015.
• In the "Presentation of Offering" category of the 2015 Analysis of the Slovenian Insurance Industry Online, prepared by E-laborat, the WIZ website of Adriatic Slovenica's subsidiary Viz d.o.o. ranked first.
• On 21 April 2015, a consortium of sellers, coordinated by KD Skladi and SDH, concluded an agreement to sell 183,386 shares (51.55%) of Žito, d. d. to Podravka, d. d., following successfully concluded negotiations.

May

• On 15 May 2015, the company KD Skladi received authorisation from the Croatian Financial Services Supervisory Agency (Hrvatska agencija za nadzor financijskih usluga) to acquire a qualifying holding of 60% of the share capital in Locusta Invest, d. o. o., Croatia.
• On 7 May 2015, Adriatic Slovenica completed a significant project which, using the SPSS tool, established a comprehensive system for detecting and managing fraud in the health insurance segment. A comprehensive analytics platform was set up, forming the basis for the strategic development of business analytics at the insurer. The platform's functionalities are useful across all business areas, not just for fraud detection.
• On 17 May 2015, the Volčji Potok Arboretum hosted the "Concert in Bloom", organised by Adriatic Slovenica in cooperation with the RTV Slovenija Big Band for partners from complementary sales channels, healthcare providers and external visitors. It was also an opportunity to raise support for talented young musicians studying abroad, supported by companies within the KD Group through the AS Fundacija foundation.

June

• Adriatic Slovenica received the Marketing Excellence award in the category of large companies operating predominantly in the business-to-consumer (B2C) segment. The award was presented for the first time by the Slovenian Marketing Association as part of the 20th Slovenian Marketing Conference.
• Adriatic Slovenica organised a series of "Breakfast of the Future" events (in Nova Gorica, Smlednik, Ankaran, and Velenje), aimed at business partners and existing and potential policyholders. Experts presented solutions developed for companies and their employees in the field of pension legislation, offering savings for companies while also providing greater security for employees after retirement.
• At the 16th regional ICT conference, ICTI 2015, in Osijek, the WIZ website of Adriatic Slovenica's subsidiary Viz d.o.o. received first prize in the category of insurance agency and sales websites.

July

• On 15 July 2015, KD Group received a decision from the Securities Market Agency approving the prospectus for the admission of 146,220 bonds with the ticker KDH4 to trading on the organised market, and, on 17 July 2015, a decision from the Ljubljana Stock Exchange admitting the bonds to the Bond Segment of the stock market with effect from 17 July 2015, with trading beginning on 17 July 2015.
• On 23 July 2015, the Commercial Court in Zagreb recorded in the court register the merger of KD Investments, d. o. o., Croatia, into KD Locusta Fondovi, d. o. o., Croatia.
• At the World Finance magazine awards, the company KD Skladi received the award for Best Investment Management Company, Slovenia 2015 (World Finance Best Investment Management Company, Slovenia 2015).
• On 18 May 2015, the AS Fundacija foundation published a call for applications for financial assistance for gifted art students in undergraduate or postgraduate study abroad. The two newly selected recipients were jazz double bassist Luka Benčič, admitted to the first year at the Amsterdam Conservatory (Amsterdamse Hogeschool voor de Kunsten), and Max Čelar, a second-year student at one of the most prestigious architecture schools, the Architectural Association, London. Luka and Max thus join many talented scholarship recipients from various fields of the arts who have already completed their studies, or are successfully continuing them, with the support of AS Fundacija.
• On 27 July 2015, the insurer Adriatic Slovenica signed an agreement with the Government of the Republic of Slovenia on implementing debt forgiveness for the most socially disadvantaged. Under the agreement, Adriatic Slovenica and its subsidiary Prospera treat equally all debtors entitled to have unpaid supplementary health insurance premium debts written off under the Act on the Conditions for Implementing the Debt Forgiveness Measure (ZPIUOD). Once the deadline for submitting applications had passed, processing of applications began after 31 October 2015.

August

• The 20th General Meeting of shareholders, held on 27 August 2015, among other matters, authorised the company's Board of Directors to acquire treasury shares, in the name and for the account of the company, up to a total number not exceeding 10% of the company's total shares, which, together with the shares the company already held on the date this resolution was adopted, represents 267,564 shares. The company's authorisation to acquire treasury shares is valid for 36 months from the date this resolution was adopted.
• Following a change in the methodology of the international rating agency FITCH Ratings, KD Group's credit rating was raised to "BB". The rating outlook for the company remains "stable".
• Adriatic Slovenica provided all drivers with free roadside assistance information via the ASfalt mobile app. It allows users to follow traffic information and conditions on saved routes in Slovenia, locate their parked vehicle even abroad, or tap to quickly call Avto asistenca if they run into trouble on roads at home or abroad. By the end of September, the app had been downloaded more than 6,400 times.
• The company KD Skladi, together with partners Radio 1 and sister company Adriatic Slovenica, once again organised the Vse=mogoče! competition, with a prize fund worth EUR 20,000 and an additional EUR 3,000 prize for the AS Architecture Challenge.

September

• On 11 September 2015, the company Viz received the WEBSI Web Champions 2015 award in the "Business Websites" category for the WIZ website.
• At the General Assembly of the Croatian Insurance Bureau (Hrvatski ured za osiguranje – HUO) on 25 September 2015, Adriatic Slovenica became a full member of the HUO.

October

• On 6 October 2015, the international rating agency FITCH Ratings confirmed KD Group's credit rating of "BB" and Adriatic Slovenica's insurer financial strength rating of "BBB-". The rating outlook remains "stable" for both companies.

November

• On 19 November 2015, the company Viz received a SPORTO award for WIZ insurance in the "Best Personal Athlete Sponsorship" category, for its #resnicnofajn campaign with Filip Flisar, launched in August.

December

• On 18 December 2015, the Chairman of the Board of Directors of KD Group received a letter from Executive Director Willem Jacob Westerlaken announcing his resignation from the position of Executive Director, effective 31 December 2015.
• In line with amendments to pension legislation, Adriatic Slovenica was approved to offer a collective and individual pension plan for voluntary supplementary pension insurance, Pokojninsko varčevanje AS, for the savings period, together with management rules and investment policy statements.
• In cooperation with the Bled Tourist Board and the Olympic Committee of Slovenia, Adriatic Slovenica organised a major event in Bled on 30 December 2015, the Olympic Circle of Security, aimed at promoting the Olympic spirit and supporting Slovenian athletes ahead of their departure for the Rio de Janeiro Olympics in summer 2016. As many as 5,712 visitors formed a human circle around Lake Bled, attempting to set a Guinness World Record for the largest simultaneous lighting of glow sticks.
• At the end of December, the process of merging the Croatian insurer KD Životno osiguranje into the parent company Adriatic Slovenica was completed; its business in Croatia continues through the Zagreb Branch. As a result, the Zagreb Branch received all the necessary authorisations to operate and sell motor liability policies. At the end of December, the website www.as-direct.hr was launched, through which customers in Croatia can take out motor liability insurance.
• Adriatic Slovenica ceased conducting insurance business in the Republic of Serbia through its subsidiary AS Neživotno osiguranje and began activities aimed at winding down this subsidiary, expected to be completed in 2016.
• In 2015, the independent international agency Morningstar began tracking the management excellence of the sub-funds of the KD Umbrella Fund. As many as 5 of the 10 rated sub-funds of the KD Umbrella Fund received either 5 or 4 stars, placing them among the top 10% of funds in their category (5 Morningstar stars) or the next 22.5% of funds (4 Morningstar stars). As at 31 December 2015, the following held 5 or 4 Morningstar stars over a five-year period: KD Balkan, with the best overall rating of 5 Morningstar stars, and KD Prvi izbor, KD Bond, KD Latinska Amerika and KD Vitalnost, each with an overall rating of 4 Morningstar stars.

In accordance with its statutory obligations, KD Group regularly publishes significant events on the SEOnet web portal of the Ljubljana Stock Exchange and on the company's website www.kd-group.com.

Changes in the composition of the KD Group in 2016

February

• On 2 February 2016, KD Group sold its 22.26% interest in the associated company ZIF VIB Fond, Banja Luka. The KD Group therefore no longer holds any financial interest in ZIF VIB Fond.
• On 5 February 2016, Adriatic Slovenica acquired from KD Kvart a 100% business interest in its subsidiary Atis inženiring, d.o.o., renaming it the same day to ZDRAVJE AS, d. o. o. The company's core activity is specialist outpatient healthcare.

March

• On 22 March 2016, KD Kvart sold its 30.00% interest in the associated company Medium Media, d. o. o. The KD Group therefore no longer holds any financial interest in Medium Media.

May

• On 10 May 2016, Adriatic Slovenica, KD Group and KD Kapital sold their 26.90% interest in the associated company KR, d. d. The KD Group therefore no longer holds any financial interest in KR.

July

• On 7 July 2016, KD Group sold a 90.1% business interest in its subsidiary KD IT, d. o. o. to the insurance company Adriatic Slovenica, making Adriatic Slovenica the holder of a 100% business interest in KD IT.

August

• On 29 August 2016, Adriatic Slovenica acquired a 100% business interest in KD Skladi, on the basis of the sale and purchase agreement for the business interest in KD Skladi concluded with KD Group on 25 May 2016, and the qualifying holding authorisation issued by the Securities Market Agency.

September

• On 14 September 2016, KD Kapital sold its 51% interest in VIB, a.d., Banja Luka. The KD Group therefore no longer holds any financial interest in VIB.

November

• On 14 November 2016, KD Kvart, d. o. o. acquired a 100.00% interest in Agent, d. o. o., Izola.

December

• On 20 December 2016, KD Kapital sold its 98.92% interest in ABDS, d. o. o., Sarajevo. The KD Group therefore no longer holds any financial interest in ABDS.

Other significant events in 2016

• At its meeting on 28 January 2016, the Board of Directors of KD Group, d. d. appointed Jure Kvaternik as Executive Director of the company, not a member of the Board of Directors, for a term of office until 16 November 2017. The Board of Directors assigned the new Executive Director Jure Kvaternik responsibility for the areas of finance, accounting and controlling.
• Adriatic Slovenica successfully adapted its operations to the requirements of Solvency II.
• Adriatic Slovenica successfully launched the new, modern, secure and fast MOJ AS portal, enabling customers to view their insurance policies, check payments, change their payment method, report a claim and track its progress themselves.
• On 4 March 2016, KD Skladi and ILIRIKA DZU concluded a Management Transfer Agreement, under which the management of the sub-funds of the ILIRIKA Umbrella Fund was transferred to KD Skladi, družba za upravljanje, d. o. o. On 3 October 2016, the sub-funds of the Ilirika Umbrella Fund were merged into the sub-funds of the KD Umbrella Fund.
• On 19 April 2016, the Supervisory Board of KD Skladi appointed Luka Podlogar as President of the Management Board for a new four-year term, beginning on 27 July 2016.
• On 24 May 2016, on the basis of an offer of securities addressed to well-informed investors, Adriatic Slovenica issued bonds with a total nominal value of EUR 50,000,000.00. The bonds, which comply with the provisions of the European Solvency II Directive, are listed on the multilateral trading facility (MTF) of the Irish Stock Exchange's Global Exchange Market (GEM).
• Following the discontinuation of its sale, AS neživotno osiguranje, a. d. o., Belgrade transferred its insurance portfolio and commenced voluntary liquidation.
• In August 2016, KD Skladi once again won the prestigious World Finance magazine award for the best asset management company in Slovenia for 2015.
• The 21st General Meeting of shareholders of KD Group was held on 29 August 2016, at which the shareholders present decided on the use of net profit and the discharge of the members of the Board of Directors, and appointed the auditor for the 2016, 2017 and 2018 financial years.
• In July and November 2016, the international rating agency FITCH Ratings confirmed a credit rating of BB for KD Group and an insurer financial strength rating of BBB- for Adriatic Slovenica, zavarovalna družba, d. d., Ljubljanska cesta 3a, Koper, KD Group's largest subsidiary. The rating outlook remains "stable" for both companies. The rating reflects a strong position in the Slovenian insurance and asset management markets, as well as adequate capitalisation.
• Following the resignation of Board member Varja Dolenc from Adriatic Slovenica's Management Board effective 31 October 2016, the Supervisory Board of Adriatic Slovenica appointed Jure Kvaternik as a new member of the Management Board on 27 October 2016, subject to authorisation by the Insurance Supervision Agency.
• On 23 December 2016, KD Skladi received a decision from the Securities Market Agency granting special investment fund status to the alternative investment fund KD Adriatic Value Fund, a special investment fund to be managed by KD Skladi.
• Due to several years of rising healthcare service costs and co-payments, and forecasts indicating that co-payments would continue to rise in 2017, Adriatic Slovenica began activities in December 2016 to increase the supplementary health insurance premium. Policyholders were notified that the premium would be higher from 1 March 2017.
• At the end of 2016, the independent international agency Morningstar awarded 4 or 5 stars to four of the twelve rated sub-funds of the KD Umbrella Fund: KD Vitalnost (5), KD Prvi izbor (5), KD Bond (4) and KD Tehnologija (4).

In accordance with its statutory obligations, KD Group regularly publishes significant events on the SEOnet web portal of the Ljubljana Stock Exchange and on the company's website www.kd-group.com.

Changes in the composition of the KD Group in 2017

• On 27 November 2017, the company Vaš partner d. o. o. was deleted from the register, and is therefore no longer part of the KD Group
• On 26 December 2017, the company AS Neživotno osiguranje a. d. o., in liquidation, was deleted from the register – it ceased operations and is therefore no longer part of the KD Group.
• As at 31 December 2017, the companies Sarbon Invest and Kredo Group are no longer included in the Group's consolidation.

Other significant events in 2017

• On 1 January 2017, KD Galileo, the first Slovenian mutual fund, celebrated its 25th anniversary.
• On 5 January 2017, KD Skladi began marketing a new sub-fund, KD Corporate Bonds, bond fund – EUR.
• At the 22nd General Meeting of shareholders of KD Group on 9 March 2017, shareholders appointed Matija Gantar as a member of the Board of Directors for a four-year term of office beginning 10 March 2017.
• On 27 March 2017, the Board of Directors of KD Group adopted the KD Group Governance Code, which the company will use as its reference code. The KD Group Governance Code is published on the company's website www.kd-group.com.
• On 29 March 2017, the first life insurance offer was signed using the Skleni AS application for concluding life insurance policies. AS thus became the first insurer in Slovenia to enable the immediate acceptance and conclusion of life insurance via a web application.
• On 14 April 2017, the Supervisory Board of KD Skladi appointed Casper Frans Rondeltap as a member of the Management Board for a new four-year term, beginning on 18 June 2017.
• On 9 May 2017, the former Kolosej cinema in Maribor received a new visual identity and a new name – Maribox. At a press conference, the company Projektor, which manages the building, also presented the start of the renovation of the building and cinema halls, along with its business results and development plans.
• The 52nd General Meeting of shareholders of Adriatic Slovenica was held on 30 May 2017. Resolutions were adopted on the allocation of the company's net profit as at 31 December 2016: part of the net profit, in the amount of EUR 10,613,539.21, was allocated for the payment of dividends, while the remaining net profit of EUR 28,807,724.13 remained unallocated. The General Meeting discharged the Management Board and Supervisory Board for the 2016 financial year.
• At its meeting on 21 June 2017, the Supervisory Board of Adriatic Slovenica adopted Adriatic Slovenica's strategy for the 2017–2022 period, appointed Gabrijel Škof as President of the Management Board for a five-year term from 1 October 2017, and convened a General Meeting of shareholders for 8 August 2017.
• On 14 July 2017, KD Skladi received a decision from the Securities Market Agency (dated 29 June 2017) authorising it to provide management services for an alternative investment real estate fund.
• On 17 July 2017, Adriatic Slovenica was issued a decision by the Ministry of Health of the Republic of Croatia authorising it to conduct supplementary health insurance business. This enables Adriatic Slovenica, through its Zagreb branch, to enter the Croatian supplementary health insurance market.
• The 53rd General Meeting of shareholders of Adriatic Slovenica was held on 8 August 2017. Aljoša Tomaž, Tomaž Butina and Aleksander Sekavčnik were appointed as members of the Supervisory Board of Adriatic Slovenica for a five-year term.
• The 23rd General Meeting of shareholders of KD Group was held on 31 August 2017, at which the shareholders present discharged the members of the Board of Directors for the 2016 financial year and appointed Matjaž Gantar, Aleksander Sekavčnik, Tomaž Butina, Katarina Valentinčič Istenič, Aljoša Tomaž and Gabrijel Škof as members of the Board of Directors for a new four-year term beginning on 18 November 2017. Shareholders adopted a resolution amending the company's articles of association concerning authorised capital, under which the Board of Directors is authorised to increase the share capital from authorised capital for a period of five years from the registration of the amendment to the articles of association adopted at the 23rd General Meeting, as well as a resolution determining remuneration for members of the Board of Directors, payment or reimbursement of expenses for members of the Board of Directors, and remuneration for members of Board committees.
• On 1 September 2017, the rating agency FITCH Ratings confirmed a credit rating of "BB" for KD Group and an insurer financial strength rating of "BBB-" for Adriatic Slovenica, zavarovalna družba, d. d., KD Group's largest subsidiary. The rating outlook remains "stable" for both companies.
• At its meeting on 10 November 2017, the Board of Directors of KD Group again reviewed the strategic direction of the KD Group and, to this end, selected the financial advisor Lazard to seek a strategic investor to acquire a majority interest in Adriatic Slovenica, zavarovalna družba, d. d.
• At its meeting on 17 November 2017, the Board of Directors of KD Group appointed the Chairman and Deputy Chairman of the Board of Directors, as well as the company's executive directors, for the new term of office beginning 18 November 2017. The Board of Directors appointed Matjaž Gantar as Chairman, Aleksander Sekavčnik as Deputy Chairman, and Aljoša Tomaž as Chief Executive Officer and Zoran Bošković as Deputy Chief Executive Officer of the company.
• On 29 November 2017, the Supervisory Board of Adriatic Slovenica appointed Jure Kvaternik as a new member of the Management Board, subject to the condition precedent of obtaining authorisation from the Insurance Supervision Agency to perform this role.

In accordance with its statutory obligations, KD Group regularly publishes significant events on the SEOnet web portal of the Ljubljana Stock Exchange and on the company's website www.kd-group.com.

Changes in the composition of the KD Group

• In February 2018, Adriatic Slovenica acquired a 48% interest in Medifit, druge z informacijsko tehnologijo in računalniškimi storitvami povezane dejavnosti d. o. o. In the Group's financial statements, the company is accounted for using the equity method as an associated company.
• On 18 June 2018, KD IT d. o. o. was deleted from the court register following its merger into the acquiring company Adriatic Slovenica.
• On 15 May 2018, KD Kapital sold its 25.99% interest in the associated company Mlekarna Celeia, d. o. o., Petrovče. The KD Group therefore no longer holds any financial interest in Mlekarna Celeia.
• On 2 August 2018, KD Kapital, KD Group and Adriatic Slovenica sold their 26.90% interest in the associated company Tovarna olja Gea, d. d., Slovenska Bistrica. The KD Group therefore no longer holds any financial interest in Tovarna olja Gea.
• On 22 November 2018, KD Kapital established the company KD IT d. d.

Significant events in 2018

• On 9 March 2018, KD Group informed the public of the progress of the process to find a strategic partner for the acquisition of a majority interest in its subsidiary Adriatic Slovenica; at its meeting on that date, the Board of Directors of KD Group adopted a resolution to invite selected potential investors to take part in the due diligence process for Adriatic Slovenica. Out of respect for the confidentiality agreements concluded between the company and potential investors, disclosure of information about the investors is not permitted.
• On 18 March 2018, Matjaž Gantar, Chairman of the Board of Directors of KD Group and Chairman of the Supervisory Board of Adriatic Slovenica, passed away after a long illness.
• At its meeting on 20 March 2018, the Supervisory Board of Adriatic Slovenica appointed Aljoša Tomaž as Chairman of the Supervisory Board and Aleksander Sekavčnik as Deputy Chairman.
• At its meeting on 28 March 2018, the Board of Directors of KD Group appointed Aleksander Sekavčnik as Chairman of the Board of Directors and Matija Gantar as Deputy Chairman of the Board of Directors.
• In March 2018, at the awards ceremony for the Best Mutual Fund Managers in Slovenia, fund manager Primož Cencelj of KD Skladi received the highest accolade in asset management in Slovenia and became Manager of the Year 2017. In the eight-year history of the awards, this was the fifth time a Manager of the Year has come from KD Skladi, with Primož Cencelj himself receiving the award for the third time. The winning mutual funds, rated five stars – the highest rating – for both the three-year and five-year periods in their category, were KD Bond, bond fund – European, and KD Rastko, equity fund – European.
• KD Adriatic Value Fund, a special investment fund and the first regulated real estate alternative investment fund (AIF) in Slovenia, managed by KD Skladi, completed its first acquisition in Slovenia on Friday, 13 April 2018, in cooperation with Peakside Capital, an international real estate advisory firm – the purchase of the Tivoli Center office building. KD Skladi and Peakside Capital joined forces, combining their knowledge of the local real estate market with global expertise and experience in managing institutional investors' real estate investments.
• Jure Kvaternik received authorisation from the Insurance Supervision Agency to serve as a member of the Management Board of Adriatic Slovenica and has been a new member of the company's Management Board since 16 April 2018.
• At its meeting on 25 April 2018, the Board of Directors adopted the audited annual report of the KD Group and of KD Group d. d. for the 2017 financial year.
• On 23 May 2018, KD Group concluded an agreement with Generali CEE Holding, B. V. for the sale of a 100% interest in Adriatic Slovenica, for a purchase price of EUR 245 million.
• On 24 May 2018, the international rating agency FITCH Ratings placed KD Group's credit rating of "BB" and the insurer financial strength rating of "BBB-" for the insurer Adriatic Slovenica, zavarovalna družba, d. d., Ljubljanska cesta 3a, Koper, on "Rating Watch", as a result of the announcement of the agreement for the sale of a 100% interest in Adriatic Slovenica.
• In July, KD Adriatic Value Fund completed its second transaction in cooperation with Peakside Capital – the purchase of the southern part of the Stekleni dvor business complex in Ljubljana.
• The General Meeting of shareholders of KD Group d. d. was held on 12 July 2018. The resolutions of the General Meeting were published by the company and are available on the company's website and on the SEOnet web portal of the Ljubljana Stock Exchange.
• On 9 August 2018, the rating agency Fitch Ratings confirmed the existing insurer financial strength rating of "BBB-". The rating reflects Fitch Ratings' view that the acquisition of Adriatic Slovenica by Generali CEE Holding B. V., which manages the operations of Assicurazioni Generali S. p. A. (IFS rating A- / Stable), would further strengthen the financial strength of Adriatic Slovenica d. d.
• In October, KD Skladi, in cooperation with Peakside Capital, acquired a third property in Slovenia for the KD Adriatic Value Fund real estate fund – the Arkadia shopping centre in Dob pri Domžalah.
• On 10 December 2018, Generali CEE Holding, B. V. received European Commission approval for the acquisition of the insurer Adriatic Slovenica.

In accordance with its statutory obligations, KD Group regularly publishes significant events on the SEOnet web portal of the Ljubljana Stock Exchange and on the company's website www.kd-group.com.

Significant events in 2019

– Liquidation proceedings for Firsthouse Investments ltd. began in January 2019. The company was deleted from the court register on 4 October 2019.
– On 13 February 2019, the sale process was completed, in accordance with the agreement of 23 May 2018 for the sale of a 100% interest in Adriatic Slovenica, with the transfer of all shares in Adriatic Slovenica to the new holder, Generali CEE Holding, b. v.
– On 13 February 2019, the bank loan and the KDH4 bonds were repaid in full. Repayment of the bank loan released the mortgage on the subsidiary's land and all other loan security.
– On 13 February 2019, Board member Gabrijel Škof submitted his resignation as a member of the Board of Directors to the Chairman of the Board of Directors, effective as of the date of the company's 25th General Meeting of shareholders.
– On 5 March 2019, the merger agreements for the merger of KD Kapital and KD Kvart into KD Group were submitted to the registry authority. The effective date of both mergers is 31 December 2018, with all actions being deemed to have been carried out on behalf of the acquiring company from 1 January 2019 onwards, with the merger taking effect upon registration of the merger in the court register.
– On 6 March 2019, the number of treasury shares was reduced to 62,201 following the release of a pledge on 200,000 shares of the KDHR class.
– At the 25th General Meeting of shareholders of KD Group on 17 April 2019, Gregor Sluga was appointed as a member of the Board of Directors with effect from the date of the General Meeting, for a four-year term of office.
– On 17 April 2019, at the 25th General Meeting of KD Group, shareholders approved the merger of KD Kapital and KD Kvart into KD Group. As the merger is classified as a form of corporate restructuring, KD Group was required to comply with the provisions of the Act on the Legal Successors of Authorised Investment Companies and to offer shareholders appropriate cash compensation. The General Meeting of shareholders approved the payment of cash compensation of EUR 86.67 for each KDHR share. The effective date of the merger is 1 January 2019. The merger was recorded in the court register on 15 July 2019 and applies from the effective date of the merger onwards.
– On 24 April 2019, KD published amendments to the KD Group Governance Code.
– On 10 July 2019, the bankruptcy proceedings of Seaway Design d.o.o. – in bankruptcy were concluded, and the company was deleted from the court register.
– On 15 July 2019, the merger of KD Kapital and KD Kvart into KD Group was recorded in the court register.
– On 29 July 2019, the company published the notice convening the 26th General Meeting of shareholders, which was held on 30 August 2019.
– On 13 September 2019, a court decision was issued recording a reduction of share capital through the cancellation of 204,978 treasury shares of the KDHR class. Share capital was reduced by EUR 6,842,864 and, following the reduction, amounts to EUR 82,479,119.
– On 23 October 2019, KD Group paid cash compensation to shareholders who had submitted a request for the repurchase of KDHR shares, at a rate of EUR 86.67 for each KDHR share. As part of this corporate action, KD Group acquired 26,695 KDHR shares and made a total cash compensation payment of EUR 2,313,656.
– On 11 December 2019, a 100% interest in DRI Naložbe was sold.
– In 2019, KD Group acquired a total of 275,373 treasury shares of the KDHR class.

In accordance with its statutory obligations, KD Group regularly publishes significant events on the SEOnet web portal of the Ljubljana Stock Exchange and on the company's website www.kd-group.com.

Significant events in 2020:

• On 25 May 2020, KD Group published the notice convening the 27th General Meeting of shareholders.
• On 26 June 2020, at the 27th General Meeting of KD Group, shareholders were presented with the 2019 annual report and approved the proposed allocation of net profit. Part of the net profit, in the amount of EUR 79,061,184.00, was used for the payment of dividends, which, taking into account the total number of shares issued (without deducting treasury shares), amounted to a gross value of EUR 32.00 per share. The General Meeting was also presented with the Report on the Acquisition of Treasury Shares and approved a reduction of share capital through the cancellation of treasury shares.
• On 3 July 2020, a court decision was issued recording an amendment to the company's articles of association due to a reduction of share capital through the cancellation of treasury shares of the KDHR class. Following registration of the amendments in the court register on 3 July 2020, the company's share capital amounts to EUR 78,037,489.57, and the number of shares issued in the KDHR class amounts to 2,337,613. The company subsequently carried out the withdrawal of 133,049 KDHR shares from the organised market of the Ljubljana Stock Exchange and the deletion of the withdrawn shares from the central securities register held by KDD – Centralna klirinško depotna družba, d.d.
• On 10 July 2020, KD Group paid out EUR 74,803,616 in dividends.

In accordance with its statutory obligations, KD Group regularly publishes significant events on the SEOnet web portal of the Ljubljana Stock Exchange and on the company's website www.kd-group.com.

Significant events in 2021:

• On 3 March 2021, the Board of Directors of KD Group adopted a resolution to reduce share capital through the cancellation of 180,126 treasury shares. As a result of the cancellation of treasury shares, share capital was reduced by EUR 6,013,219.83 and, following the reduction, amounts to EUR 72,024,269.74. The reduction of share capital was recorded in the court register on 8 March 2021.
• At the 28th General Meeting of shareholders of KD Group d. d., held on 5 March 2021, shareholders appointed Matija Gantar as a member of the Board of Directors for a four-year term of office beginning on 11 March 2021.
• On 9 June 2021, at the 29th General Meeting of KD Group, shareholders were presented with the 2020 annual report and approved the proposed allocation of net profit. Part of the net profit, in the amount of EUR 24,811,100.50, was used for the payment of dividends, which, taking into account the total number of shares issued (without deducting treasury shares), amounted to a gross value of EUR 11.50 per share. The General Meeting authorised the company's Board of Directors to acquire treasury shares. For a four-year term of office beginning on 18 November 2021, the General Meeting appointed Aleksander Sekavčnik, Tomaž Butina, Aljoša Tomaž and Katarina Valentinčič Istenič as members of the Board of Directors. The General Meeting was also presented with the Report on the Acquisition of Treasury Shares.
• On 3 June 2021, the Maribox cinema centre reopened its cinema halls.
• At its meeting on 29 October 2021, the Board of Directors appointed Aleksander Sekavčnik as Chairman of the Board of Directors and, for a new four-year term of office beginning on 18 November 2021, appointed Zoran Bošković as Executive Director.
• On 22 November 2021, the company's Board of Directors received a request from the shareholder KD, finančna družba, d. d. to convene a General Meeting to vote on the squeeze-out of minority shareholders and the withdrawal of shares from the organised market.
• On 28 December 2021, at the 30th General Meeting of KD Group, shareholders approved the transfer of all KDHR shares not held by the principal shareholder – i.e. 57,394 KDHR shares – to the principal shareholder, in exchange for cash compensation of EUR 44.90 for each KDHR share.
• At the 30th General Meeting on 28 December 2021, a resolution was adopted to withdraw 2,157,487 KDHR shares from the organised market. The resolution takes effect on the date of registration of the resolution on the transfer of minority shareholders' shares to the principal shareholder, and becomes effective on the date of registration in the court register of this resolution on the withdrawal of 2,157,487 KDHR shares from the organised market.

In accordance with its statutory obligations, KD Group regularly publishes significant events on the SEOnet web portal of the Ljubljana Stock Exchange and on the company's website www.kd-group.com.

Significant events in 2022:

• On 17 February 2022, the District Court in Ljubljana recorded in the court register the resolution of the 30th General Meeting of the joint-stock company KD Group of 28 December 2021, by which shareholders approved the transfer of minority shareholders' shares to the principal shareholder, the company KD d. d.
• Following the close of trading on 18 February 2022, the Ljubljana Stock Exchange temporarily suspended trading in KDHR shares. The temporary suspension of trading lasted until the withdrawal of KDHR shares from the stock market.
• On 23 February 2022, cash compensation of EUR 44.90 for each KDHR share was paid out as part of the squeeze-out procedure for minority shareholders of KD Group.
• On 24 February 2022, the District Court in Ljubljana, on the basis of the resolution adopted at the 30th General Meeting of shareholders of KD Group on 28 December 2021, recorded in the court register the resolution on the withdrawal of 2,157,487 KDHR shares from the organised market of the Ljubljana Stock Exchange.
• On 28 February 2022, the Ljubljana Stock Exchange withdrew the ordinary registered no-par-value shares of the KDHR class from trading on the stock market.
• On 4 July 2022, the District Court in Ljubljana recorded in the court register the newly established company KD Priložnost d.o.o., whose sole shareholder is KD Group.
• On 12 July 2022, at the 30th General Meeting of KD Group, shareholders were presented with the audited annual report for 2021. They adopted a resolution on the use of net profit for 2021, namely that the net profit remains unallocated and that decisions on its use will be made in future financial years. The General Meeting approved the Remuneration Policy for members of the management and supervisory bodies and executive directors of KD Group, as well as the remuneration report for the 2021 financial year. The audit firm MAZARS, družba za revizijo, d.o.o. was appointed to audit operations for the 2022, 2023 and 2024 financial years.
• On 28 December 2022, the subsidiary KD Priložnost d. o. o. concluded agreements for the acquisition of 100% interests in the companies Onisac d. o. o. and Astraea d. o. o.

In accordance with its statutory obligations, KD Group regularly publishes significant events on the SEOnet web portal of the Ljubljana Stock Exchange and on the company's website www.kd-group.com.

Significant events in 2023:

• On 6 February 2023, the approval of the Ministry of Finance was obtained for the transfer of ownership of 100% business interests in the companies Onisac d. o. o. and Astraea d. o. o. to KD Priložnost d.o.o. The transfer of ownership was recorded in the court register on 27 February 2023.
• At the 32nd General Meeting of KD Group on 11 April 2023, shareholders appointed Gregor Sluga, M.Sc. as a member of the Board of Directors of KD Group for a four-year term of office beginning on 18 April 2023.
• On 20 April 2023, at the 33rd General Meeting of KD Group, shareholders were presented with the audited annual report for 2022 and the remuneration report for the management and supervisory bodies and executive directors of KD Group d. d. for the 2022 financial year. They adopted a resolution on the use of net profit for 2022, namely that the net profit remains unallocated and that decisions on its use will be made in future financial years, as well as a resolution to reduce share capital by EUR 12,405,550.25. The resolution on the reduction of share capital was recorded in the court register on 24 April 2023. Following the reduction, share capital amounts to EUR 59,618,719.49 and is divided into 2,157,487 registered no-par-value shares of the KDHR class. Payment to shareholders was made, in accordance with Article 375 of the Companies Act (ZGD-1), after the expiry of the six-month period following publication of the resolution on the reduction of share capital.
• At its meeting on 30 August 2023, the Board of Directors of KD Group reappointed Gregor Sluga, M.Sc. as Chief Executive Officer, with his term of office beginning on 2 September 2023 for a period of four years.

In accordance with its statutory obligations, KD Group regularly publishes significant events on the SEOnet web portal of the Ljubljana Stock Exchange and on the company's website www.kd-group.com.

Significant events in 2024:

• On 9 April 2024, at the 34th General Meeting of KD Group, shareholders were presented with the audited annual report for 2023 and the remuneration report for the management and supervisory bodies and executive directors of KD Group d. d. for the 2023 financial year. They adopted a resolution on the use of net profit for 2023, namely that part of the net profit, in the amount of EUR 2,200,636.74, is used for the payment of dividends, while the remaining net profit of EUR 2,521,987.84 remains unallocated and decisions on its use will be made in future financial years.
• On 30 June 2024, the KDH3 bonds issued by KD Group matured
• With the maturity of the KDH3 bonds, KD Group d. d. is no longer a public company and is therefore no longer legally required to comply with the provisions of the Financial Instruments Market Act applicable to public companies.

In accordance with its statutory obligations, KD Group regularly publishes significant events on the SEOnet web portal of the Ljubljana Stock Exchange and on the company's website www.kd-group.com.