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

21st Annual General Meeting (AGM)

to be held on

Friday, 4 May 2012, 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 |
| |2011 and the management report on these accounts, presentation of |
| |the audited and approved financial statements of the company for the|
| |year 2011, the management report on these accounts, the report of |
| |the Supervisory Board and the corporate governance report |
|2. |Adoption of a resolution on the distribution of profits for 2011 |
|3. |Adoption of a resolution to grant discharge to the Managing Board |
| |and the Supervisory Board for the financial year 2011 |
|4. |Election of the auditor of the financial statements of the company |
| |and the auditor of the consolidated financial statements for the |
| |financial year 2013 |
|5. |Election to the Supervisory Board |
|6. |Adoption of a resolution to redetermine the remuneration of the |
| |members of the Supervisory Board |

DOCUMENTS FOR THE GENERAL MEETING The documents to be made accessible
according to section 108 para. 3 to 5 Stock Corporation Act will be
made accessible not later than on 13 April 2012 for inspection
by the shareholders in the business premises at the seat of the
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 2011, • Corporate governance report, • Proposed
distribution of profits, • Draft resolutions concerning agenda items
2 to 6, • Declarations of the candidate for election to the
Supervisory Board pursuant to section 87 para. 2 of the Stock
Corporation Act (Aktiengesetz).

These documents, and the complete wording of this convocation
notice and the forms for granting and revoking power of attorney
pursuant to section 114 Stock Corporation Act are also available
not later than on 13 April 2012 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, 118 AND 119 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 in writing 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 13 April 2012. 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 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. Several deposit
certificates concerning shares, which together constitute a
shareholding of 5 %, must refer to the same date. 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 Managing Board or the Supervisory
Board are published on the webpage of the Company, provided such
request is received in written form by the Company 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
24 April 2012. 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 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 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
in case 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.

Every shareholder has the right to propose resolutions concerning
all agenda items which do not require former announcement, provided
that the shareholder has given proof to his or her right to
participate in the general meeting.

RECORD DATE AND RIGHT TO PARTICIPATE IN THE GENERAL MEETING PURSUANT
TO SECTION 111 AUSTRIAN STOCK CORPORATION ACT 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
24 April 2012, 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 Stock Corporation
Act as proof of the shareholding on the Record Date, which must
be received by the Company not later than on 30 April 2012,
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
- Via E-Mail: anmeldung.vig@hauptversammlung.at (as scanned attachment
- TIF, PDF, etc.)

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 30 April 2012,
24:00 hours (CEST) solely at one of the above-mentioned
addresses (Mail address, telefax, E-Mail). 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 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, 24 April 2012,
24:00 hours (CEST).

In the meaning of section 10a para.1 last sentence 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
even after registration or submission of a deposit certificate.

REPRESENTATION BY PROXY PURSUANT TO SECTION 114 AUSTRIAN STOCK
CORPORATION ACT 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 written form; 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, 1010 Vienna,
Schottenring 30.
- Via Telefax: +43 (0) 1 89 00 500-60
- Via E-Mail: anmeldung.vig@hauptversammlung.at (as scanned attachment
- TIF, PDF, etc.)
- 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
3 May 2012, 15:00 hours (CEST).

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

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 power of attorney
bound by the shareholders' instructions for exercising their
voting right at the general meeting. Shareholders who wish to
avail themselves of Dr. Knap's services may contact him directly
via phone +43 (0)1 8763343-30, via fax +43 (0)1 8763343-39 or -49 or
via e-mail anlegerschutz@iva.or.at.

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

TOTAL NUMBER OF SHARES AND VOTING RIGHTS (Information according to
section 83 para 2 clause 1 of the 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.

INFORMATION TO OUR SHAREHOLDERS PURSUANT TO SECTION 262 (20)
AUSTRIAN STOCK CORPORATION ACT According to Section 262 (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 possible yet. Until further notice deposit certificates are accepted via
fax to number +43 (0) 1 89 00 500-60 or via E-Mail to
anmeldung.vig@hauptversammlung.at (as scanned attachment - TIF, PDF, etc.) or

via Mail to VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe,
Department VD100, attn. Ms. Mag.(FH) Sabine Stiller, 1010 Vienna,
Schottenring 30.

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 power of attorney holder, 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 time of
arrival. Admission for the collection of voting cards starts at
9:30 hours (CEST).

Vienna, March 2012 The Managing
Board

Further inquiry note:
VIENNA INSURANCE GROUP AG
Wiener Versicherung Gruppe
1010 Wien, Schottenring 30

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

Nina Higatzberger
Head of Investor Relations
Tel.: +43 (0)50 350-21920
Fax: +43 (0)50 350 99-21920
E-Mail: nina.higatzberger@vig.com

end of announcement euro adhoc
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issuer: Vienna Insurance Group
Schottenring 30
A-1011 Wien
phone: +43(0)50 350-21919
FAX: +43(0)50 350 99-23303
mail: investor.relations@vig.com
WWW: www.vig.com
sector: Insurance
ISIN: AT0000908504
indexes: WBI, ATX Prime, ATX
stockmarkets: official market: Wien, stock market: Prague Stock Exchange
language: English