EANS-General Meeting: Vienna Insurance Group / Invitation to the General Meeting

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General meeting information transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
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Translation from German original - in cases of doubt the German
version prevails

VIENNA INSURANCE GROUP AG
Wiener Versicherung Gruppe
FN 75687 f
ISIN: AT0000908504
1010 Vienna, Schottenring 30, Ringturm

NOTICE OF MEETING

for the

20th Annual General Meeting (AGM)

to be held on

Friday, 6 May 2011, at 11.00am (CEST)

at the Wiener Stadthalle

1150 Vienna, Hütteldorfer Straße 2F, Hall F

Agenda

|1. |Presentation of the consolidated financial statements for the year |
| |2010 and the management report on these accounts, presentation of |
| |the audited and approved financial statements of the company for the|
| |year 2010, the management report on these accounts and the report of|
| |the Supervisory Board and the corporate governance report |
|2. |Adoption of a resolution on the distribution of profits for 2010 |
|3. |Adoption of a resolution to grant discharge to the Management Board |
| |and the Supervisory Board for the financial year 2010 |
|4. |Adoption of a resolution on the changes in the Articles of |
| |Association of the Company in Sections 10, 11, 12, 13 and 21 and |
| |authorization of the Management Board to consent to the changes in |
| |the Articles of Association of WIENER STÄDTISCHE Versicherung AG |
| |Vienna Insurance Group, FN 333376 i in Sections 4, 5, 6, 8, 10, 11, |
| |12, 13, 19 and 21 as shareholder of this company. |
|5. |Election of the auditor of the financial statements of the company |
| |and the auditor of the consolidated financial statements for the |
| |financial year 2012 |
|6. |Election to the Supervisory Board |

DOCUMENTS FOR THE GENERAL MEETING The documents to be made accessible
according to section 108 para. 3 to 5 Austrian Stock
Corporation Act (Aktiengesetz) will be made accessible not later
than on 15 April 2011 for inspection by the shareholders in
the business premises at the seat of VIENNA INSURANCE GROUP AG
Wiener Versicherung Gruppe (the "Company") 1010 Vienna,
Schottenring 30: • Annual financial statement and the management
report, • Group financial statements and group management report, •
Report of the Supervisory Board for the business year 2010, •
Corporate governance report, • Proposed distribution of profits, •
Draft resolutions concerning agenda items 2 to 6, • Articles of
Association, with the proposed amendments highlighted,

• Articles of Association of WIENER STÄDTISCHE Versicherung AG Vienna
Insurance Group, with the proposed amendments highlighted,
• Declarations of the candidate for election to the Supervisory Board pursuant
to section 87 para. 2 of the Austrian Stock Corporation Act.

These documents, and the complete wording of this convocation notice and the
forms for granting and revoking power of attorney pursuant to section 114
Austrian Stock Corporation Act are also available not later than on
15 April 2011 on the website www.vig.com/en/annual-general-meeting and will
also be available in the annual general meeting.

NOTICE CONCERNING THE RIGHTS OF SHAREHOLDERS PURSUANT TO

SECTIONS 109, 110 AND 118 AUSTRIAN STOCK CORPORATION ACT

Shareholders, whose aggregate shares total not less than 5% of the
registered capital and who have held their shares for more than
three months before the request, may request additional agenda
items for this general meeting, and their publication, provided
such request is received by the Company in written form to VIENNA
INSURANCE GROUP AG Wiener Versicherung Gruppe, Department VD100,
attn. Ms.Mag. (FH) Sabine Stiller, 1010 Vienna, Schottenring 30, not
later than on 15 April 2011. Every such requested agenda item must
be accompanied by a draft resolution together with a
justification.

In order to prove the shareholding in case of deposited bearer
shares, it is sufficient to submit a deposit certificate according
to section 10a Austrian Stock Corporation Act, which certifies
that the applying shareholders have been holders of these shares
since at least three months and which, at the date of submission
to the Company, is not older than seven days. Regarding all other
requirements of the deposit certificate, please refer to the
information regarding the right to participate.

Shareholders whose aggregate shares total not less than 1% of the
registered capital may submit to every agenda item draft
resolutions together with a justification and may request that
these draft resolutions together with the justification and an
optional statement by the Management Board or the Supervisory
Board are published on the webpage of the Company, provided such
request is received by the Company in written either by telefax to
+43 (0) 1 89 00 500-60 or to VIENNA INSURANCE GROUP AG
Wiener Versicherung Gruppe, Department VD100, attn. Ms. Mag. (FH)
Sabine Stiller, 1010 Vienna, Schottenring 30, not later than on
27 April 2011. In case of a draft resolution for the election
of a member of the Supervisory Board the declaration of the
proposed person pursuant to section 87 para. 2 Austrian Stock
Corporation Act shall be annexed instead of the justification. For
the proof of the shareholding for the exercise of this shareholder
right in case of deposited bearer shares it is sufficient to
submit a deposit certificate pursuant to section 10a Austrian
Stock Corporation Act, which, at the date of submission to the
Company, is not older than seven days. Several deposit
certificates concerning shares, which together constitute a
shareholding of 1 %, must refer to the same date. Regarding
all other requirements of the deposit certificate, please refer
to the information regarding the right to participate.

In case of non-deposited bearer shares the written certification of
a notary public is sufficient, which must reflect all above
mentioned requirements of deposit certificates accordingly.

Every shareholder will be granted disclosure about affairs of the
Company in the general meeting, as far as it is necessary for the
appropriate evaluation of an agenda item. Disclosure may be denied
to the extent that after reasonable commercial assessment it could
be to the material detriment of the Company or a Group Company, or
if it would constitute a criminal offence.

Further information about the shareholder rights pursuant to sections
109, 110, 118 and 119 Austrian Stock Corporation Act are from now
on published on the website of the Company
www.vig.com/en/annual-general-meeting.

RECORD DATE AND RIGHT TO PARTICIPATE IN THE GENERAL MEETING

Deposited bearer shares The right to participate in the general
meeting, the voting rights and all other shareholder rights,
which may be exercised in the general meeting, are subject to the
shareholdings on 26 April 2011, 24.00 hours (CEST) (Record
Date). Only such shareholders have the right to participate in
the general meeting, who give proof of qualification as a
shareholder to the Company at that date.

In case of deposited bearer shares it is sufficient to submit
a deposit certificate pursuant to section 10a Austrian Stock
Corporation Act as proof of the shareholding on the Record Date,
which must be received by the Company not later than on 3 May 2011,
24:00 hours (CEST), solely at one of the following addresses:

- Via Mail: VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe,
Department VD100, attn. Ms. Mag. (FH) Sabine Stiller, 1010 Vienna,
Schottenring 30.
- Via Telefax: +43 (0) 1 89 00 500-60

Non-deposited bearer shares In case of non-deposited bearer shares
the written certification of a notary public is sufficient, which
must be received by the Company not later than on 3 May 2011,
24:00 hours (CEST) solely at one of the above-mentioned addresses
(Mail address, telefax). For the contents of the certification of
the notary public, all below mentioned requirements shall be
applicable accordingly (excluding the deposit number).

Deposit certificate pursuant to section 10a Austrian Stock
Corporation Act The deposit certificate must be issued by a custodian
bank with its seat in a member state of the European Economic Area
or in a full member state of the OECD and shall include the
following data: • Information regarding the issuer: name/company and
address or a code common between banks (SWIFT-CODE), •
Information regarding the shareholder: name/company, address, date
of birth in case of natural persons, or registry and
registration number in case of legal persons, • Information
regarding the shares: amount of shares (ISIN AT0000908504) of
the shareholder, • Deposit account number or other identification, •
The deposit certificate must refer to the Record Date,
26 April 2011, 24:00 hours (CEST).

In the meaning of section 10a para. 1 last sentence Austrian Stock
Corporation Act, the Company will also accept certificates for the
proof of shareholdings, which are issued by legal persons, which
are authorized as depositaries of these shares according to Czech
law.

The deposit certificates must be submitted in German or in English
language. The shares are not blocked by the registration to the
general meeting or by the submission of the deposit certificate;
thus shareholders may continue to freely dispose of their shares
also after registration or submission of a deposit certificate.

REPRESENTATION BY PROXY Every shareholder, who has the right to
participate in the general meeting, has the right to nominate a
proxy holder, who will attend the general meeting in the name of
the shareholder and who has the same rights as the shareholder who
he represents.

The power of attorney must be granted to a specific person (either a
natural or a legal person) in writing; several persons may also be
nominated. The power of attorney must be received by the Company
solely at one of the following addresses:

Via Mail: VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe, Department
VD100, attn. Ms. Mag. (FH) Sabine Stiller, Schottenring 30, 1010 Vienna
Via Telefax: +43 (0)1 89 00 500-60

In person: at the registration desk for the general meeting at the
place of the meeting

A power of attorney form and a form for the revocation of the power
of attorney will be sent on request and are available on the
website of the Company on www.vig.com/en/annual-general-meeting.
In case the power of attorney is not submitted personally upon
registration on the day of the general meeting, the power of
attorney must be received by the Company not later than on
5 May 2011, 15:00 hours (CEST).

The above-mentioned provisions for granting power of attorney are
applicable accordingly to the revocation of proxies.

TOTAL NUMBER OF SHARES AND VOTING RIGHTS (Information according to
section 83 para. 2 clause 1 Austrian Stock Exchange Act) On the date
of convening the general meeting the registered nominal capital of
the Company amounts to EUR 132.887.468,20 and is divided into
128.000.000 no- par value shares. Each share grants one vote.
The company or one of its subsidiaries currently holds none of
its own shares. The total number of shares which convey the right to
participate in the general meeting and voting rights amounts to
128.000.000.

REPRESENTATION OF VOTING RIGHTS As a special service, Dr. Michael
Knap of the "Interessenverband für Anleger" (IVA, Austrian
Association of Investors) 1130 Vienna, Feldmühlgasse 22, is
available to shareholders as an independent proxy bound by the
shareholders' instructions for exercising their voting rights
at the general meeting. Shareholders who wish to avail themselves
of Dr. Knap's services may contact him directly via phone +43
(0)1 8763343-0, via fax +43 (0)1 8763343-49 or via e- mail
anlegerschutz@iva.or.at.

Furthermore voting rights may be exercised through "EUROVOTE". The
instructions are to be found on www.euroshareholders.eu.

INFORMATION TO OUR SHAREHOLDERS PURSUANT TO SECTION 262 PARA. 20
AUSTRIAN STOCK CORPORATION ACT According to section 262 para. 20
Austrian Stock Corporation Act we advise our shareholders that the
receipt of deposit certificates via an internationally common,
extra secured communication network for financial institutions
(SWIFT) is not yet possible. Until further notice deposit
certificates are accepted via fax to number +43 (0) 1 89 00 500-60.

ADMISSION TO THE GENERAL MEETING For the admission to the general
meeting, you may have to prove your identity.

Please bring a valid official photo identification. If you attend the general
meeting as a proxy, please also bring the power of attorney in addition to your
valid official photo identification. If the original of the power of attorney
was already sent to the Company, you may facilitate your admission if you can
provide a copy of the power of attorney.

The Company retains the right to verify the identity of the persons
participating in the meeting. In case the verification of the identity is not
possible, admission may be denied.

Please consider the large number of expected participants and
the usual security measures when planning the timing of your
arrival. Admission for the collection of voting cards starts at
9.30 am.

Vienna, April 2011

The Management Board

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

Further inquiry note:

VIENNA INSURANCE GROUP AG
Wiener Versicherung Gruppe
1010 Wien, Schottenring 30

Alexander Jedlicka
Public Relations, Spokesperson
Tel.: +43 (0)50 350-21029
Fax: +43 (0)50 350 99-21029
E-Mail: alexander.jedlicka@vig.com

Thomas Schmee
Head of Investor Relations
Tel.: +43 (0)50 350-21900
Fax: +43 (0)50 350 99-21900
E-Mail: thomas.schmee@vig.com

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