EANS-Adhoc: UNIQA Insurance Group AG / UNIQA confirms intention to Re-IPO

--------------------------------------------------------------------------------
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
--------------------------------------------------------------------------------

Capital measures
09.09.2013

The information in this ad hoc announcement is not for release,
publication or distribution in or into the United States, Australia,
Canada or Japan.

UNIQA confirms intention to Re-IPO - Re-IPO planned still in 2013 -
Target issuance volume of 700 - 800 million euros, depending on
market conditions - Investment banks mandated - Issuance of new
shares to strengthen UNIQA's capital position and significantly
increase free float

As previously announced, UNIQA Insurance Group AG ("UNIQA" or
"Company") confirms its intention to offer new shares by way of a
"Re-IPO" transaction. UNIQA plans to proceed with its Re-IPO still in
2013 and has mandated Deutsche Bank, Morgan Stanley and Raiffeisen
Centrobank as Joint Global Coordinators and Joint Bookrunners for the
planned transaction. Barclays, Berenberg and UBS have been mandated
as Co-Bookrunners. KBW acts as advisor to UNIQA. The target issuance
volume of the intended transaction ranges from 700 to 800 million
euros, however depends on market conditions.

UNIQA's CEO, Andreas Brandstetter, commented as follows: "We have
carefully prepared for this step and established a new, clear
corporate structure without any significant minority interests. UNIQA
is now transparent and easy to understand for every investor. The
planned Re-IPO is a key milestone for UNIQA. The intended opening to
the international stock market will continue to positively change the
Company's identity. Among other things, it will help us secure
long-term growth."

UNIQA intends, subject to market conditions and approval of its
managing and supervisory boards, to offer new shares from a capital
increase still in 2013. This is expected to strengthen UNIQA's
capitalization and thus allow the continued implementation of the
strategy program UNIQA 2.0, as well as provide strategic flexibility
for further growth.

The planned Re-IPO will include the issuance of new shares to new and
existing shareholders and is expected to significantly increase the
Company's free float. UNIQA's existing core shareholders (see
footnote) are expected to agree not to exercise their subscription
rights, but are nonetheless expected to maintain a majority
shareholding post Re-IPO. The intention is to offer the new shares to
private and institutional investors in Austria through a public
offering and to international institutional investors via private
placements. The new shares will be listed on the Official Market of
the Vienna Stock Exchange where UNIQA's shares already trade. The
exact size of the potential offering and its exact timing will depend
on prevailing market conditions.

UNIQA 2.0: A clear long-term strategy UNIQA launched a long-term
strategic repositioning of the Company in the summer of 2011 and has
been consistently executing this strategy program - UNIQA 2.0. The
program is founded on five pillars: 1. Double the number of customers
from 7.5 million in 2010 to 15 million by 2020: At the end of June
2013, UNIQA served around 9 million customers 2. Concentrate on core
insurance business in the stable market in Austria and the growth
region CEE: Sale of Mannheimer Group, sale of media participations
and hotels; acquisition of EBRD minority interests in CEE (Croatia,
Hungary and Poland) 3. Implement four priority programs: - UNIQA
Austria: Increase profitability through restructuring - Raiffeisen
Insurance: Increase productivity - UNIQA International: Profitable
growth in CEE - Risk/Return Profile: Value oriented asset/liability
management; strong and sustainable capital position and attractive
dividend policy 4. Strengthen equity base: Simplified corporate
structure without significant minorities and preparation for Re-IPO
5. Improve profit from ordinary activities by up to EUR350 million by
2015 compared to 2012: UNIQA reported a profit from ordinary
activities of EUR197 million (including EUR51 million gain from the
sale of hotel participations) in 1H 2013 compared to EUR107 million
in 1H 2012

Additional information concerning UNIQA is included in a company
presentation, which is available on website of UNIQA Insurance Group
AG (www.uniqagroup.com) at Investor Relations /
Publications/Presentations. http://www.uniqagroup.com/gruppe/versiche
rung/investor-relations/publikationen/praesentationen/Presentations.e
n.html

Footnote: UNIQA's core shareholders are Raiffeisen Zentralbank
Österreich AG ("RZB"), Austria Versicherungsverein auf
Gegenseitigkeit Privatstiftung ("Austria") and Collegialität
Versicherungsverein Privatstiftung ("Collegialität"). RZB currently
holds 45.28% of UNIQA's shares indirectly through BL Syndikat
Beteiligungs Gesellschaft m.b.H., RZB Versicherungsbeteiligung GmbH
and UQ Beteiligung GmbH, Austria currently holds 44.10% directly and
indirectly through Austria Versicherungsverein
Beteiligungs-Verwaltungs GmbH, and Collegialität holds 3.34%
directly.

LEGAL NOTICES As the UNIQA 2.0 targets relate to future periods and
were prepared on the basis of assumptions about uncertain future
events, they entail substantial uncertainties. Because of these
uncertainties, any of the targets may not be reached, and it is
possible that the actual profit improvement in the fiscal year 2015
compared to the fiscal year 2012 may differ materially from the UNIQA
2.0 targets. This is also true for the target to increase profit from
ordinary activities by up to EUR350 million by 2015 compared to 2012

This announcement is not an offer of, or the solicitation of an offer
to buy or subscribe for, securities to any person in the United
States of America, Germany or any other jurisdiction. The securities
referred to herein may not be offered or sold in the United States
absent registration under the U.S. Securities Act of 1933, as amended
(the "Securities Act"), or an exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act. The
Company does not intend to register the securities under the
Securities Act or to conduct a public offering in the United States.

This announcement serves marketing purposes and constitutes neither
an offer to sell nor a solicitation to buy securities. A prospective
public offer of securities of UNIQA Insurance Group AG will be made
in Austria solely by means and on the basis of a published securities
prospectus (including any supplements thereto) prepared in accordance
with the provisions of the Austrian Capital Markets Act. An
investment decision regarding any publicly offered securities of
UNIQA Insurance Group AG should be made only on the basis of such
securities prospectus. If a public offer of securities of UNIQA
Insurance Group AG is to be made in Austria, a prospectus will be
prepared in accordance with the Austrian Capital Markets Act which
will be published promptly upon approval by the Austrian Financial
Market Authority (Finanzmarktaufsicht) and will be available free of
charge at UNIQA Insurance Group AG, Untere Donaustraße 21, 1029
Vienna or on the website of UNIQA Insurance Group AG
(www.uniqagroup.com).

Further inquiry note:
UNIQA Insurance Group AG
Norbert Heller
Tel.: +43 (01) 211 75-3414
mailto:norbert.heller@uniqa.at

end of announcement euro adhoc
--------------------------------------------------------------------------------

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