EANS-Adhoc: UNIQA Insurance Group AG / UNIQA Privatstiftung plans to acquire part of the RZB investment in UNIQA

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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is solely responsible for the content of this announcement.
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other/Shareholder structure
25.07.2016

The two core shareholders of the listed company UNIQA Insurance Group
AG ("UNIQA Group"), Raiffeisen Zentralbank Österreich AG ("RZB") and
UNIQA Versicherungsverein Privatstiftung ("UNIQA Privatstiftung") are
in the advanced stages of negotiations to conclude an agreement
(Memorandum of Understanding) by which UNIQA Privatstiftung intends
to buy 54,494,195 shares in the UNIQA Group from RZB, which RZB
currently holds indirectly (and effectively) through BL Syndikat
Beteiligungs Gesellschaft m.b.H. ("BL GmbH"). These shares correspond
to a share of 17.64 per cent in the UNIQA Group's share capital. BL
GmbH shareholders who have held an indirect share in the UNIQA Group
so far will hold a direct share in the Group accordingly. The
transaction is set to be implemented in 2016.

On 25 July 2016, RZB published insider information on key points of
the planned transaction on the same day based on the approval of the
Supervisory Board of RZB.

For RZB, the planned transaction is part of RZB's measures that are
currently being assessed to simplify the Group's structure and allow
the Group to adjust to the rise in regulatory capital requirements.

As a result of the planned transaction, UNIQA Privatstiftung is
promoting the foundation's goals and fulfilling its legal mandate in
accordance with the Law on the Supervision of Insurance Undertakings
(Versicherungsaufsichtsgesetz) to shape the future of the UNIQA Group
by adding value in the long run.

Once this transaction has been implemented, the 30.58 per cent share
of voting rights attributable to UNIQA Privatstiftung in the UNIQA
Group (share calculated based on the 3.46 per cent share in BL GmbH:
31.36 per cent) will increase to 49.00 per cent. After this
transaction, UNIQA Privatstiftung and Collegialität
Versicherungsverein Privatstiftung would directly and indirectly hold
around 51.39 per cent together.

The share of voting rights attributable to RZB in the UNIQA Group
would fall from a current 31.40 per cent (share calculated based on
the 77.48 per cent investment in BL GmbH: 26.28 per cent) to 8.64 per
cent after this transaction. As a shareholder, RZB would remain a
party to the syndicate of core shareholders of the UNIQA Group, which
will permanently remain in place. A change in control over the UNIQA
Group is not planned. The sales collaborations of the UNIQA Group and
its companies with the Raiffeisen banking group in Austria, which
were extended only recently for another five years until the end of
2022, and Raiffeisen Bank International abroad (13 countries in
Central and Eastern Europe and Russia) remain unaffected and will be
continued.

To perform the planned transaction, implementation contracts would
need to be concluded and relevant authorities would have to give
their approval or authorisation. In addition, the takeover
commission's positive assessment would also be required.

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, ATX
stockmarkets: official market: Wien
language: English