EANS-Adhoc: Vienna Insurance Group acquires Central- and Eastern European business of Aegon

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
29.11.2020

Vienna - VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe (VIG) agreed with Aegon N.V. on 29 November 2020 to acquire Aegon's insurance business in Hungary, Poland, Romania and Turkey. VIG will take over Aegon's non-life and life insurance companies as well as pension funds, asset management and service companies in these countries, which ideally complement VIG's existing portfolio. The purchase price amounts to EUR 830 million. The transaction is subject to the necessary regulatory and competition approvals. Closing of the transaction is expected to take place in the second half of 2021.

With the acquisition of these companies, VIG is further expanding its leading market position in Central and Eastern Europe and moves up to the first rank in Hungary's insurance market. In addition, VIG is extending its scope of activity in the pension fund business in this region and will also be active in the life business in Turkey for the first time. The premium volume of the insurance companies in the four countries amounted to the equivalent of approx. EUR 600 million in 2019, with a net profit of approx. EUR 50 million.

From today's perspective, VIG assumes the solvency ratio to remain in the communicated comfort zone of 170 to 230 % at the time of the closing 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 VIG subordinated bond 2015 AT0000A1D5E1 Luxembourg Stock Exchange, Second Regulated Market VIG subordinated bond 2013 AT0000A12GN0 Vienna Stock Exchange, Second Regulated Market

end of announcement euro adhoc

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: WBI, VÖNIX, ATX
stockmarkets: Prague Stock Exchange, Wien
language: English

Digital press kit: http://www.ots.at/pressemappe/7674/aom

Rückfragen & Kontakt:

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

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | EAE0001