EANS-Adhoc: UNIQA Insurance Group AG / UNIQA sets subscription and offer price at EUR 8.00 per share

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Capital measures/Re-IPO
09.10.2013

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED
STATES, AUSTRALIA, CANADA OR JAPAN

UNIQA sets subscription and offer price at EUR 8.00 per share

- Gross proceeds of EUR 757 million successfully raised - In the
aggregate, 94,752,100 shares (including over-allotment shares) placed
with investors - Free-float will significantly increase up to 35.4%
(assuming full exercise of the greenshoe option)

Vienna, 09 October 2013. The Management Board of UNIQA Insurance
Group AG ("UNIQA"), with the approval of the executive committee of
UNIQA's Supervisory Board, has resolved on the subscription and offer
price and the aggregate number of shares (including over-allotment
shares) to be placed with investors in the context of its Re-IPO.

The subscription and offer price was set at EUR 8.00 per share with a
total of 94,752,100 shares (including 6,650,000 over-allotment
shares) being allocated to investors resulting in total proceeds of
EUR 757 million (incl. over-allotment shares). In aggregate,
88,102,100 new shares (excluding over-allotment shares) will be
issued, increasing UNIQA's share capital from EUR 214,247,900 by EUR
88,102,100 to EUR 302,350,000. If the Joint Global Coordinators and
Bookrunners fully exercise their greenshoe option and if accordingly
up to 6,650,000 additional shares will be newly issued at the final
subscription and offer price in the course of a further capital
increase by excluding statutory subscription rights, UNIQA's share
capital will increase from EUR 302,350,000 by EUR 6,650,000 to EUR
309,000,000.

The EUR 757 million proceeds from the capital increase will be used
to strengthen UNIQA's capitalization and thus allow the continued
implementation of the strategy program UNIQA 2.0 as well as provide
strategic flexibility for future growth.

With the successful Re-IPO, UNIQA achieved another crucial milestone
in its strategy to open the company to the capital markets. Given
that existing Austrian core shareholders (footnote) did neither sell
any shares as part of the Re-IPO nor exercise their subscription
rights, UNIQA's free float will significantly increase from 6.9 % to
35.4% (assuming full exercise of the greenshoe option). This is
expected to increase the trading liquidity in UNIQA's shares and
improve UNIQA's long-term access to capital markets. Furthermore,
UNIQA aims to be included in the main index of the Vienna Stock
Exchange, the ATX, as soon as possible.

Total retail demand amounts to 2.9% in terms of the total offering.

UNIQA offered its eligible employees in Austria to subscribe for new
shares on a discount basis. Almost every 6th eligible employee
participated with an average order size of around EUR 5,200,
resulting in gross proceeds of approximately EUR 3.6 million.

Trading in the new shares is expected to start on or about 11 October
2013. Delivery of the shares is expected to take place as planned on
or about 14 October 2013.

Deutsche Bank, Morgan Stanley and Raiffeisen Centrobank are acting as
Joint Global Coordinators and Joint Bookrunners for the transaction.
Barclays, Berenberg and UBS are acting as Co-Bookrunners. KBW is
acting as advisor to UNIQA

Footnote: UNIQA's core shareholders are Raiffeisen Zentralbank
Österreich AG ("RZB"), Austria Versicherungsverein auf
Gegenseitigkeit Privatstiftung ("Austria") and Collegialität
Versicherungsverein Privatstiftung ("Collegialität"). Assuming a full
exercise of the greenshoe option, RZB will hold 31.4% of UNIQA's
shares indirectly through BL Syndikat Beteiligungs Gesellschaft
m.b.H., RZB Versicherungsbeteiligung GmbH and UQ Beteiligung GmbH,
Austria 30.6% directly and indirectly through Austria
Versicherungsverein Beteiligungs-Verwaltungs GmbH, and Collegialität
2.3% directly.

LEGAL NOTICE This announcement does not constitute an offer of
securities for sale or a solicitation of an offer to purchase shares
(the "Shares") of UNIQA Insurance Group AG (the "Company" or "UNIQA")
in the United States, Austria or any other jurisdiction. The Shares
have already been sold.

This announcement must not be distributed outside of Austria, in
particular not in or into the United States of America, Canada, Japan
or Australia, to "U.S. persons" as defined in Regulation S of the
U.S. Securities Act of 1933, or to any publication media with a
general circulation in or into the United States of America, Canada,
Japan or Australia. The Shares have not been and will not be
registered under the U.S. Securities Act of 1933 or with any
securities regulatory authority of any state or other jurisdiction of
the United States. No U.S. federal or state securities commission or
regulatory authority has approved or disapproved of the Shares or
passed upon the adequacy or accuracy of the information in this
announcement. Any statement to the contrary is a criminal offense in
the United States of America. There will be no public offering of the
Shares in or into the United States or outside of the United States
to "U.S. persons" as defined in Regulation S under the Securities
Act. The Shares have not been and will not be registered under the
applicable securities laws of Canada, Japan or Australia and, subject
to certain exceptions, may not be offered or sold directly, or
indirectly, in or into Canada, Japan, or Australia.

This announcement contains statements that refer to future
developments of UNIQA. These statements are appraisals that are made
based on all information available to UNIQA at the current point in
time. If the assumptions on which they are based do not occur, actual
events may vary from the results currently expected. For this reason,
UNIQA cannot accept liability for such statements.

Further inquiry note:
UNIQA Insurance Group AG
Norbert Heller
Tel.: +43 (01) 211 75-3414
mailto:norbert.heller@uniqa.at

end of announcement euro adhoc
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issuer: UNIQA Insurance Group AG
Untere Donaustraße 21
A-1029 Wien
phone: 01/211 75-0
mail: investor.relations@uniqa.at
WWW: http://www.uniqagroup.com
sector: Insurance
ISIN: AT0000821103
indexes: WBI, ATX Prime
stockmarkets: official market: Wien
language: English