euro adhoc: Vienna Insurance Group / other / Vienna Insurance Group: Wiener Städtische intends to sell Romanian insurer Unita to UNIQA Group Austria

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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29.05.2008

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

On 28 May 2008, Wiener Städtische Versicherung AG Vienna Insurance
Group and UNIQA Austria Group have on principle reached consent -
subject to the approvals by the authorities and especially the
approval by the European anti- trust authority - concerning the
takeover of the Romanian insurance company Unita VIENNA INSURANCE
GROUP S.A. by UNIQA Group Austria. UNIQA Group Austria intends to
acquire 100 percent of the share capital of the Romanian non-life
insurer. It is planned to close the intended transaction in the third
quarter of the current year.

Vienna Insurance Group CEO Günter Geyer on the transaction: "We have
announced to sell our Romanian Group company Unita already some time
ago and commissioned JPMorgan to initiate the bidding process. On the
basis of the offers submitted we have now decided to enter into sales
negotiations with UNIQA."

In the year 2007, the Romanian companies of the Vienna Insurance
Group increased their premium volume by 74.5 percent and in the first
quarter of 2008 this success was continued. The Group companies of
the Vienna Insurance Group (including Asirom for the first time)
achieved a premium volume of around EUR 200 million and hence an
increase of nearly 90 percent. With an increase of more than 100
percent, profit before taxes was also very satisfying.

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