EQS-Adhoc: UNIQA Insurance Group AG: STRABAG SE Syndicate cancelled by Haselsteiner Group

EQS-Ad-hoc: UNIQA Insurance Group AG / Key word(s): Investment
   UNIQA Insurance Group AG: STRABAG SE Syndicate cancelled by Haselsteiner
   Group

   15-March-2022 / 11:07 CET/CEST
   Disclosure of an inside information acc. to Article 17 MAR of the
   Regulation (EU) No 596/2014, transmitted by EQS - a service of EQS Group
   AG.
   The issuer is solely responsible for the content of this announcement.

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   STRABAG SE Syndicate cancelled by Haselsteiner Group

   UNIQA Beteiligungs-Holding GmbH (FN 174965 b), UNIQA Erwerb von
   Beteiligungen Gesellschaft m.b.H. (FN 208055 p), UNIQA Österreich
   Versicherungen AG (FN 63197 m) and UNIQA Insurance Group AG (FN 92933 t)
   (collectively referred to as the "UNIQA Group") together hold around 15%
   in STRABAG SE.

   The UNIQA Group, as a part of the Raiffeisen Group, is a member of a
   syndicate (the "Syndicate") with the Haselsteiner Group and MKAO Rasperia
   Trading Limited that controls STRABAG SE (AT000000STR1), which is listed
   on the Vienna stock exchange.

   The Haselsteiner Family Foundation, as a member of the Haselsteiner Group,
   has served notice on the Syndicate by way of letter delivered today. The
   Syndicate will therefore be dissolved from 31 December 2022 ("date of
   dissolution").

   UNIQA currently accounts for its 15% interest in STRABAG SE (the "STRABAG
   interest") as an associate in accordance with IAS 28 ("equity method
   accounting") as UNIQA has significant influence over STRABAG SE on the
   basis of the Syndicate in particular. The dissolution of the Syndicate
   will affect the equity method accounting from the 2023 financial year if
   the significant influence can no longer be demonstrated. If the equity
   method accounting is discontinued, UNIQA would instead recognise the
   dividend paid by STRABAG SE in profit or loss in future rather than the
   pro rata consolidated net profit. The carrying amount of the STRABAG
   interest would be based on its market price moving ahead and no longer on
   the pro rata consolidated equity.

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   15-March-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com

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   Language:    English
   Company:     UNIQA Insurance Group AG
                Untere Donaustraße 21
                1029 Vienna
                Austria
   Phone:       +43 1 211 75-0
   E-mail:      investor.relations@uniqa.at
   Internet:    www.uniqagroup.com
   ISIN:        AT0000821103
   WKN:         928900
   Indices:     ATX
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1302855


    
   End of Announcement EQS News Service


   1302855  15-March-2022 CET/CEST


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