EANS-Adhoc: UNIQA Insurance Group AG / UNIQA acquires Baloise Group insurance companies in Croatia and Serbia

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Mergers - Acquisitions - Takeovers
22.10.2013

UNIQA acquires Baloise Group insurance companies in Croatia and
Serbia

- Agreement signed for takeover of "Basler" companies in Croatia and
Serbia - Closing anticipated in 1st quarter of 2014 - Significant
boost of UNIQA's market position in particular in Croatia

UNIQA Insurance Group AG (UNIQA) intends to acquire the Croatian and
Serbian insurance companies of the Swiss Baloise Group. The contract
was signed on 21 October 2013. The acquisition is subject to the
approval of the responsible supervisory and antitrust authorities,
and is expected to be completed in the first quarter of 2014. The
purchase price is 75 million euros.

The predecessor company of the Croatian "Basler" insurance company
was founded in 1991. The company has around 470 employees, 148,000
customers and in 2012 generated a premium volume of 53,7 million
euros. With a market share of 4.5 per cent, the company ranked 6th on
the Croatian insurance market in 2012.

The Serbian "Basler" insurance company commenced operations in 2007.
The company has around 110 employees, 35,000 customers and in 2012
generated a premium volume of 3,7 million euros. With a market share
of 0.7 per cent, the company ranked 13th on the Serbian insurance
market in 2012.

Clause regarding predictions about the future This announcement
contains statements that refer to future developments. 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