euro adhoc: Vienna Insurance Group / Board of Directors (Appointments and Changes) / Vienna Insurance Group: Supervisory board resolves on new, future-oriented management structures to reflect strong

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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23.09.2008

Please note: this is a translation; only the German version of this
release is legally binding.

Expansion into the CEE area has been implemented step by step since
1990. Today the Vienna Insurance Group is represented in 23 countries
of Central and Eastern Europe by about 50 insurance companies. Only
recently, the purchase of s Versicherung Group from Erste Group was
completed. The Vienna Insurance Group's vigorous growth over the past
few years now requires a readapted, future-oriented form of
management of the Group by the managing board.

Accordingly, the supervisory board of Wiener Städtische Versicherung
AG Vienna Insurance Group at today's meeting carried the motion put
forward by CEO Günter Geyer to adapt the top management structures of
the Vienna Insurance Group to the strong expansion the insurance
group has achieved over the past few years.

"The dynamics of our expansion and the size that our insurance group
has now achieved require adapted, optimized management structures",
says Vienna Insurance Group's CEO Günter Geyer in his comment on the
new planned management positions and structures. "I am happy to state
that by the resolutions adopted today the course for a powerful
future of the Vienna Insurance Group has been set in our corporate
bodies in terms of human resources. I am also particularly pleased
that two excellent female executives, Christine Dornaus and Judit
Havasi, are moving up to top management positions."

The supervisory board today passed the following resolutions:

Subject to the condition precedent of the entry into force of the
amendment of the Articles of Association that provides for an
increased number of members of the managing board, four new members
of the managing board are appointed in addition to its current
members. These new members are Martin Diviš, Christine Dornaus, Judit
Havasi and Erich Leiß. The entire managing board of the Vienna
Insurance Group Wiener Städtische will thus be composed of ten
members as from May 2009.

Furthermore, Franz Fuchs und Roland Gröll are nominated as deputies
for the entire managing board of the Vienna Insurance Group Wiener
Städtische.

The entire managing board shall form two committees, one of which
will deal primarily with issues relating to the entire Group (Vienna
Insurance Group), while the other will primarily focus on the
management of Wiener Städtische in Austria (Wiener Städtische). The
two committees will be made up of the individual members serving on
the entire managing board as from May 2009 and will be composed as
follows:

Vienna Insurance Group Committee:
Günter Geyer (Chairman)
Karl Fink
Martin Diviš
Peter Hagen
Peter Höfinger
Martin Simhandl

Wiener Städtische Austria Committee:
Günter Geyer (Chairman)
Robert Lasshofer
Christine Dornaus
Judit Havasi
Erich Leiß

The entire managing board and both committees will be headed by
Günter Geyer. The terms of office of all managing board members will
run until June 30, 2013.

end of announcement euro adhoc
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ots Originaltext: Vienna Insurance Group
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Mag. Barbara Hagen-Grötschnig

Unternehmenskommunikation

WIENER STÄDTISCHE Versicherung AG

Vienna Insurance Group

A-1010 Wien, Schottenring 30

Tel.: +43 (0)50 350-21027

Fax: +43 (0)50 350 99-21027

E-Mail: b.hagen@staedtische.co.at

Branche: Insurance
ISIN: AT0000908504
WKN: A0ET17
Index: WBI, ATX Prime, ATX
Börsen: Prague Stock Exchange / stock market
Wiener Börse AG / official market