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Peter Thirring to become new member of the Managing Board of Vienna Insurance Group

Published: September 5, 2017; 17:12 · (FriedlNews)

Peter Thirring will join the Managing Board of VIG from Donau Versicherung as of 1 July 2018. It will be proposed to the Supervisory Board of Donau Versicherung that, from this date on, Ralph Müller should take over the position as Chairman of the Managing Board and General Manager of Donau Versicherung. Ralph Müller will already be leaving his position as member of the Managing Board of Wiener Städtische Versicherung by 30 Sept. 2017.

Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europewide distribution. The issuer is responsible for the content of this announcement.

Contracts of the other VIG managing board members prematurely extended

Personnel
05.09.2017

Vienna - The Supervisory Board of Vienna Insurance Group (VIG) headed by
Chairman Günter Geyer decided at its meeting of 5 Sept. 2017 on the new
composition of the Managing Board as of 1 July 2018.

Peter Thirring will join the Managing Board of VIG from Donau Versicherung as
of 1 July 2018. It will be proposed to the Supervisory Board of Donau
Versicherung that, from this date on, Ralph Müller should take over the
position as Chairman of the Managing Board and General Manager of Donau
Versicherung. Ralph Müller will already be leaving his position as member of
the Managing Board of Wiener Städtische Versicherung by 30 Sept. 2017.

In addition, the management board mandates of CEO Elisabeth Stadler, Judit
Havasi and Peter Höfinger, effective until 30 June 2018, were prematurely
extended for five years until 30 June 2023. Franz Fuchs's term of office as a
member of the Managing Board was extended until 30 June 2020.

"With the announcement of the premature extension of management contracts and
the appointment of a highly-regarded insurance expert, the Supervisory Board
gives special credit and shows its trust in the current team. At the same time,
we continue with our policy of long-term planning for a sustainably strong
executive management", explains Günter Geyer, Chairman of the Supervisory Board
of VIG.

Peter Thirring was born in Seattle in 1957 and studied law at the University of
Vienna. His more than 30 years of experience in the insurance industry he
acquired with Generali Group. Since March 2016 he is CEO of Donau Versicherung.

As of 1 July 2018, the Managing Board of Vienna Insurance Group will consist of
the following members:

Elisabeth Stadler, CEO
Franz Fuchs
Judit Havasi
Liane Hirner
Peter Höfinger
Peter Thirring

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 15 AT0000A1D5E1 Luxembourg Stock Exchange, Second
Regulated Market VIG subordinated bond 13 AT0000A12GN0 Vienna Stock Exchange,
Second Regulated Market Wr.Staedt. hybrid bond. 08 AT0000A09SA8 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
--------------------------------------------------------------------------------

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

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

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RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER***

OTE0002 2017-09-05/17:12

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