Wiener Städtische Versicherung AG Vienna Insurance Group: Dividend / Share Repurchase

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insurances/dividend/share repurchase

Wien (euro adhoc) - On 16 April 2008 the 17th Annual General Meeting
of Wiener Städtische Versicherung AG Vienna Insurance Group adopted,
among others, the following resolutions:

DIVIDEND

For the financial year 2007 a dividend of EUR 1.10 per ordinary
share, hence EUR 115,500,000.00, was distributed on the
105,000,000 dividend-bearing ordinary shares.

Payment of dividend will be made from 28 April 2008 onwards in
exchange for dividend warrant no 15.

Provided that the paying agent has not been informed of any
exemptions under Section 94 of the 1988 Income Tax Act in due time,
the dividend will be paid less 25% capital gains tax.

ERSTE BANK der oesterreichischen Sparkassen AG, Graben 21, 1010
Vienna, is the paying agent.

Ex-dividend trading on the Vienna Stock Exchange: from 28 April 2008
onwards.

SHARE REPURCHASE

Pursuant to Section 65 para. 1 subparagraphs 4 and 8 of the Stock
Corporation Act, the Managing Board has been authorised by the
Annual General Meeting to purchase the statutory maximum number of
the Company's own no-par value shares in bearer form during a
maximum period of 30 months following the resolution of the Annual
General Meeting. The consideration payable upon repurchase may not
be lower than 50% or higher than 10% of the average unweighted
closing rates of the last ten trading days preceding the
repurchase. The Managing Board may choose whether to repurchase
the shares via the stock exchange or through a public offer or
in any other appropriate manner permissible under the law.

The Managing Board has further been authorised

a) to issue own shares to employees and executives of the Company or to
employees, executives, and managing board members of any companies
affiliated with the Company;

b) to use own shares for servicing convertible bonds issued on the basis of
the resolution of the Annual General Meeting of 16 April 2008;

c) to sell own shares at any time via the stock exchange or through a public
offer, as provided for in Section 65 para. 1b of the Stock Corporation
Act. Moreover, for a maximum duration of five years following the
resolution, the Managing Board has been authorised to sell, in any other
manner, the own shares purchased, without excluding or by completely or
partly excluding subscription rights. The written report on the grounds
for the exclusion of subscription rights has been submitted to the Annual
General Meeting.

Vienna, April 2008 The Managing Board

WIENER STÄDTISCHE Versicherung AG
Vienna Insurance Group

ISIN: AT0000908504

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

Further inquiry note:

Mag. Barbara Hagen-Grötschnig

Unternehmenskommunikation

WIENER STÄDTISCHE Versicherung AG

Vienna Insurance Group

A-1010 Wien, Schottenring 30

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