EANS-Adhoc: Update to the publication of insider information dated 19 November 2019

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 19.02.2020

Vienna - On 19 November 2019, UNIQA announced reviewing the possibility of merging UNIQA Insurance Group AG ("UIG"), UNIQA Österreich Versicherungen AG ("UAT") and UNIQA International AG ("UI") on the basis of a merger in 2020.

After the review was completed, the Management Board and Supervisory Board of UIG resolved today to merge UI as the transferring company and UAT as the acquiring company in the course of 2020 subject to attaining all regulatory approvals. UIG will remain the holding company until further notice. However, UIG shall transfer additional functions and its holdings in certain service companies to UAT, in particular all intragroup services. UIG's reinsurance business shall be transferred to UAT and/or UNIQA Re AG, Zurich by surrendering its reinsurance license.

The goal of the restructuring resolved is to achieve the intended further simplification and streamlining of the Group structure, make the management of the Group more efficient, optimise the leadership structure as well as strengthen the customer-focussed organisation.

end of announcement euro adhoc

issuer: UNIQA Insurance Group AG
Untere Donaustraße 21
A-1029 Wien
phone: 01/211 75-0
FAX:
mail: investor.relations@uniqa.at
WWW: http://www.uniqagroup.com
ISIN: AT0000821103
indexes: WBI, ATX
stockmarkets: Wien
language: English

Digital press kit: http://www.ots.at/pressemappe/220/aom

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | EAE0002