euro adhoc: Vienna Insurance Group / other / Vienna Insurance Group raises Group Embedded Value to more than EUR 4.5 billion

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for the content of this announcement.
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Group Embedded Value

27.03.2008

Please note: this is a translation; only the German version of this
release is legally binding.

The group embedded value (after taxes) for the Vienna Insurance Group
was EUR 4.551 billion as of 31 December 2007. Thus a remarkable
return on embedded value in the amount of 12.9 percent was achieved,
after taking into account dividend payments to shareholders and
capital transfers.

The Vienna Insurance Group has the goal to continually include
additional group companies into its group embedded value reporting.
Therefore, Compensa Life and Compensa Non-Life in Poland have been
included in the year 2007.

58 percent of the total group embedded value of Vienna Insurance
Group EUR 4.551 billion is attributable to the Austrian and German
insurance business. For 2007, the share contributed by the companies
in CEE (Kooperativa in the Czech Republic, Kooperativa in Slovakia,
Union Biztosító in Hungary and Compensa Life and Compensa Non-Life in
Poland) already accounts for 42 percent - compared to 30 percent in
the year 2006.

The value of the new business written in the amount of EUR 108.1
million rose by outstanding 32.5 percent compared to the previous
year. This value underlines the earnings power of the life and health
insurance lines - especially in CEE.

The embedded value represents the value of in-force insurance
business and in accordance with international guidelines is made up
of the net assets for life, health and P & C insurance as well as the
current value of the combined future earnings from in-force business
in the life and health lines.

B & W Deloitte GmbH, Köln have reviewed and fully confirmed the group
embedded value of the Vienna Insurance Group.

end of announcement euro adhoc
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ots Originaltext: Vienna Insurance Group
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Contact:

WIENER STÄDTISCHE Versicherung AG

Vienna Insurance Group

Barbara Hagen-Grötschnig, MBA

Corporate Communications

Schottenring 30, 1010 Vienna

Tel.: +43 (0)50 350-21027

Fax: +43 (0)50 350 99-21027

E-Mail: b.hagen@staedtische.co.at

Branche: Insurance
ISIN: AT0000908504
WKN: A0ET17
Index: WBI, ATX Prime, ATX
Börsen: Prague Stock Exchange / stock market
Wiener Börse AG / official market