EANS-Adhoc: UNIQA Insurance Group AG/Examination of merger between UNIQA Insurance Group AG, UNIQA Österreich Versicherungen AG and UNIQA International AG as well as changes to the Management Board of UNIQA Group EAE

Tuesday, 19. November 2019 21:34
  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 responsible for the content of this announcement.

Mergers - Acquisitions - Takeovers/Strategic Management Decisions

Wien - The Management Board and the Supervisory Board of UNIQA Insurance Group
AG have decided this evening to examine a merger between UNIQA Insurance Group
AG ("UIG"), UNIQA Österreich Versicherungen AG ("UAT") and UNIQA International
AG ("UI"). The Management Board and the Supervisory Board of UIG have issued the
necessary orders to examine this merger.

The potential merger aims to further simplify and streamline the Group
structure, to improve the efficiency of the management of the UNIQA Group, to
downsize the management structure and to strengthen the customer focus within
the organisation. The implementation of the merger is subject to the adoption of
the resolution by the relevant bodies as well as to the acquisition of all
necessary permissions from the authorities.

UAT is the operating insurance company of the UNIQA Group in Austria and
economically a 100% subsidiary of UIG. From today's point of view, it is likely
that UAT would be the acquiring company (downstream merger) since it has all the
necessary licences required by insurance supervision law. The listing on the
stock exchange will be kept. In the event of the planned downstream merger,
admission to trade in UAT shares on the Vienna Stock Exchange would be
requested, which would guarantee uninterrupted admission to trade in UNIQA
shares. The equity interests would also not change in the event of the
downstream merger.

In the event of a positive conclusion to the examination, it is planned to
submit the merger for resolution to the Annual General Meeting of UIG on 25 May
2020. In case of a positive resolution, UNIQA aims to have the merger entered in
the commercial registry by the end of September 2020.

Furthermore, the Supervisory Board of UIG has decided on the future Management
Board of the UNIQA Group at its meeting this evening:
Andreas Brandstetter (CEO), 50
Wolfgang Kindl (Customers & Markets International), 53
Peter Humer (Customers & Markets Austria), 48
Klaus Pekarek (Customers & Markets Bancassurance Austria), 62
Peter Eichler (Personal Insurance), 58
Kurt Svoboda (Finance & Risk), 52
Wolf Gerlach (Operations), 40
Erik Leyers (Data & IT), 49
René Knapp (HR & Brand), 36

Further inquiry note:

Gregor Bitschnau
UNIQA Insurance Group AG
Group Communication
+43 (0)1 21175 3440
+43 664 88915564

Investor Relations

Michael Oplustil
UNIQA Insurance Group AG
Investor Relations
+43 (0)1 21175 3236
+43 664 88915215

end of announcement                         euro adhoc

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
ISIN:         AT0000821103
indexes:      ATX, WBI
stockmarkets: Wien
language:     English

EAX0009    2019-11-19/21:34

Related Links: UNIQA Insurance Group AG
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