EANS-Adhoc: Vienna Insurance Group and Hungary reach an agreement on the outlines of a cooperation and the further procedure regarding the Hungarian insurance companies AEGON and UNION EAE

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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 responsible for the content of this announcement.
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22.12.2021

Vienna - VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe (VIG) and the
Hungarian government have reached an agreement on the principles of a
cooperation and the further course of action, which provides for a participation
of 45% by the Hungarian state in the Hungarian AEGON companies and UNION Vienna
Insurance Group Biztosító Zrt.

The structure of the cooperation, which entails the controlling stake of and the
operational management by VIG, is subject to further negotiations. The Hungarian
government has nominated Corvinus Nemzetközi Befektetési Zrt., a 100% state-
owned Hungarian holding company, as negotiating partner. VIG welcomes the future
cooperation with Hungary. The signing of a Memorandum of Understanding is
scheduled for Thursday, 23 December 2021.

As a next step, VIG and Hungary will negotiate the participation and governance
structure, will obtain the necessary board resolutions, and will apply for the
approvals that are necessary for the implementation of the transaction.

The following securities of VIG are admitted for trading on a regulated market:

ISSUE TITEL                     ISIN         TRADING SEGMENT
Share                           AT0000908504 Vienna and Prague Stock Exchange,
                                             Official Market
Senior sustainability bond 2021 AT0000A2QL75 Vienna Stock Exchange, Second
                                             Regulated Market
VIG subordinated bond 2015      AT0000A1D5E1 Luxembourg Stock Exchange, Second
                                             Regulated Market
VIG subordinated bond 2013      AT0000A12GN0 Vienna Stock Exchange, Second
                                             Regulated Market


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

Wolfgang Haas 
Head of Group Communications & Marketing, Spokesperson of the Group
Phone: +43(0)50 390-21029
Fax: +43 (0)50 390 99-21029
E-Mail: wolfgang.haas@vig.com

Nina Higatzberger-Schwarz
Head of Investor Relations
Phone: +43 (0)50 390-21920
Fax: +43 (0)50 390 99-21920
E-Mail: nina.higatzberger@vig.com

end of announcement                         euro adhoc
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issuer:       Vienna Insurance Group AG Wiener Versicherung Gruppe
              Schottenring 30
              A-1010 Wien
phone:        +43(0)50 390-22000
FAX:          +43(0)50 390 99-22000
mail:         investor.relations@vig.com 
WWW:          www.vig.com
ISIN:         AT0000908504
indexes:      ATX, WBI, VÖNIX
stockmarkets: Wien, Prague Stock Exchange
language:     English

EAX0002    2021-12-22/19:06