EANS-News: Wiener Städtische Versicherung AG Vienna Insurance Group / Dividend Announcement and Share Repurchase

ISIN-Code: AT0000908504

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insurances/Annual General Meeting

Wien (euro adhoc) - Translation from German original - in case of
doubt the German version prevails

ANNOUNCEMENT

On April 24, 2009, the 18th Annual General Meeting of our Company
adopted, among others, the following resolutions:

DIVIDEND For the financial year 2008 a dividend of EUR 1.10 per
ordinary share, hence EUR 140,800,000.00, was distributed on the
128,000,000 dividend-bearing ordinary shares.

Payment of the dividend will be made from 4 May 2009 onwards in
exchange for dividend warrant no 17. Trading ex-dividend on the
Vienna Stock Exchange: from May 4, 2009.

For the financial year 2008 a loyalty bonus of EUR 0.90 per ordinary
share, hence EUR 115,200,000.00, was distributed on the 128,000,000
dividend-bearing ordinary shares.

Payment of the loyalty bonus will be made from October 27, 2009
onwards in exchange for dividend warrant no 18. Trading ex-loyalty
bonus on the Vienna Stock Exchange: from October 27, 2009.

Provided that the paying agent has not been informed of any
exemptions under Section 94 of the 1988 Income Tax Act
(Einkommenssteuergesetz) in due time, the dividend and the
loyalty-bonus will be paid less 25% capital gains tax.

Erste Group Bank AG, Graben 21, 1010 Vienna, is the paying agent.

SHARE REPURCHASE The resolution adopted in the Annual General Meeting
held on April 16, 2008 to authorise the Managing Board pursuant to
Section 65 (1) 4 and 8 Austrian Stock Corporation Act (Aktiengesetz)
regarding purchase and realienation of own shares is being revoked
and replaced by the following new authorisation: Pursuant to Section
65 (1) 4 and 8 of the Austrian Stock Corporation Act (Aktiengesetz),
the Managing Board is authorised to purchase the statutory maximum
number of the Company's own no-par value shares in bearer form during
a maximum period of 30 months following the resolution of the Annual
General Meeting. The consideration payable upon repurchase may not be
lower than 50% or higher than 10% of the average unweighted closing
rates of the last ten trading days preceding the repurchase. The
Managing Board may choose whether to repurchase the shares via the
stock exchange or through a public offer or in any other appropriate
manner permissible under the law.

The Managment Board is further authorised

a) to issue own shares to employees and executives of the Company or to
employees, executives, and managing board members of any companies affiliated
with the Company;

b) to use own shares for servicing convertible bonds issued on the basis of
the resolution of the Annual General Meeting of April 24, 2009;

c) to sell own shares at any time via the stock exchange or
through a public offer, as provided for in Section 65 (1b) of the
Austrian Stock Corporation Act (Aktiengesetz). Moreover, for a
maximum duration of five years following the resolution, the Managing
Board is authorised to sell, in any other manner, the own shares
purchased, without excluding or by completely or partly excluding
subscription rights. The written report on the grounds for the
exclusion of subscription rights has been submitted to the Annual
General Meeting.

Vienna, 24 April 2009 The Managing Board

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

Further inquiry note:

VIENNA INSURANCE GROUP (V.I.G.)

1010 Wien, Schottenring 30

Mag. Barbara Hagen-Grötschnig

Unternehmenskommunikation

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

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

E-Mail: barbara.hagen@vig.com

Mag. Thomas Schmee

Investor Relations

Tel.: +43 (0)50 350-21900

Fax: +43 (0)50 350 99-21900

E-Mail: thomas.schmee@vig.com

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