EQS-News: VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe: Publication of the decision to make a voluntary public purchase offer

EQS-News: VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe / Key
   word(s): Tender Offer
   VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe: Publication of the
   decision to make a voluntary public purchase offer

   17.10.2025 / 00:00 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Translation from German original – in case of doubt the German version
   prevails.

    

   Bidder:

   VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe
   Schottenring 30
   1010 Vienna, Austria
   registered with the commercial register of the Commercial Court of Vienna
   (Handelsgericht Wien) under registration number FN 75687 f

    

   Target:

   NÜRNBERGER Beteiligungs-AG
   Ostendstraße 100
   90334 Nuremberg
   registered with the commercial register of the Local Court of Nuremberg
   (Amtsgericht Nürnberg) under HRB 66
   ISIN: DE0008435967 and DE000A30U911

    

   On 16 October 2025, VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe
   (VIG) decided to offer to the shareholders of NÜRNBERGER Beteiligungs-AG
   (NÜRNBERGER) by way of a voluntary public purchase offer to acquire all
   no-par value registered shares in NÜRNBERGER, each representing a
   proportionate amount of EUR 3.50 of the share capital of NÜRNBERGER (ISIN:
   DE0008435967 and DE000A30U911) (the NÜRNBERGER Shares) against payment of
   a cash consideration in the amount of EUR 120.00 per NÜRNBERGER Share (the
   Purchase Offer).

   In advance, NÜRNBERGER shareholders, such as the major shareholders
   Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft,
   Versicherungskammer Bayern Versicherungsanstalt des öffentlichen Rechts,
   Daido Life Insurance Company and Swiss Reinsurance Company Ltd., have
   entered into irrevocable undertakings to tender their shares totaling
   approximately 64.4% of NÜRNBERGER’s share capital into the Offer. Also,
   the members of NÜRNBERGER’s management board have confirmed that they will
   tender all NÜRNBERGER shares held by them into the Offer.

   Today, VIG has also entered into a business combination agreement with
   NÜRNBERGER, which contains the principal terms and conditions of the
   purchase offer, the planned future organizational and corporate governance
   structure and the business strategy pursued with the transaction.

   The settlement of the Purchase Offer will be subject to certain customary
   conditions, including but not limited to the granting of the necessary
   regulatory approvals and the achievement of a minimum acceptance rate of
   at least 50% of NÜRNBERGER’s share capital plus one NÜRNBERGER Share
   (controlling majority).

   The offer document for the Purchase Offer with the more detailed terms of
   the Purchase Offer and further notifications and information relating to
   the Purchase Offer will be published on the internet at
   [1]https://group.vig/nuernberger-erwerbsangebot.

    

   Important information on the Purchase Offer:

   This announcement is neither an offer to purchase or sell nor a
   solicitation of an offer to purchase or sell NÜRNBERGER Shares.
   Furthermore, this announcement is not an offer to purchase nor a
   solicitation to purchase shares in VIG. The final terms and conditions of
   the Purchase Offer and other information relating to the Purchase Offer
   will only be disclosed in the offer document. VIG reserves the right to
   deviate from the terms and conditions set forth herein and/or to provide
   for additional conditions in the final terms and conditions of the
   Purchase Offer. Investors and shareholders of NÜRNBERGER are strongly
   advised to carefully and fully read the Offer Document and all other
   announcements and documents regarding the Purchase Offer when they become
   available, as they will contain important information.

   Since the NÜRNBERGER Shares are not admitted to trading on any organized
   market within the meaning of Sec. 1 para. 1 of the German Securities
   Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz –
   WpÜG), the WpÜG and the German Regulation on the Content of the Offer
   Document, the Consideration to be granted in Takeover Offers and Mandatory
   Offers and the Exemption from the Obligation to Publish and Launch an
   Offer (Verordnung über den Inhalt der Angebotsunterlage, die Gegenleistung
   bei Übernahmeangeboten und Pflichtangeboten und die Befreiung von der
   Verpflichtung zur Veröffentlichung und zur Abgabe eines Angebots) do not
   apply to the Purchase Offer. The offer document will not be reviewed or
   approved by any regulatory or supervisory authority in Germany, and no
   registration, approval or authorization of the offer document is intended
   to be obtained in any other jurisdiction.

   The Purchase Offer will be made in accordance with the laws of the Federal
   Republic of Germany. Any contract that comes into existence as a result of
   accepting the Purchase Offer will be governed by the laws of the Federal
   Republic of Germany and is to be interpreted in accordance with such laws.

    

   Vienna, 16 October 2025

    

   VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe

   The Managing Board

    

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   17.10.2025 CET/CEST This Corporate News was distributed by EQS Group.
   www.eqs.com

   View original content: [2]EQS News

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   Language:    English
   Company:     VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe
                Schottenring 30
                1010 Vienna
                Austria
   Phone:       +43(0)50 390-22000
   Fax:         +43(0)50 390 99-22000
   E-mail:      info@vig.com
   Internet:    www.group.vig
   ISIN:        AT0000908504
   WKN:         A0ET17
   Indices:     Wiener Börse (ATX), Prager Börse (PX)
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 2214554


    
   End of News EQS News Service


   2214554  17.10.2025 CET/CEST

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