Vienna Insurance : Annual General Meeting 2014

Resolution to increase dividend to EUR 1.30 per share

Elections to the Supervisory Board

The 23rd Annual General Meeting of Vienna Insurance Group AG Wiener Versicherung Gruppe was held on 6 June 2014 at the Wiener Stadthalle.

In light of the Group's exceptionally strong capital base and its robust operating performance in the financial year 2013, the Annual General Meeting approved the proposal by the Managing and Supervisory Boards for a further increase in the dividend to EUR 1.30 per share - 10 cents higher than for the previous year. Vienna Insurance Group has therefore retained its dividend policy of distributing at least 30 percent of Group profits after taxes and non-controlling interests. The ex-dividend date is 11 June 2014, and the dividend payment date is 16 June 2014.

Since the appointments of all ten members of the Supervisory Board expired, the Annual General Meeting elected a new Vienna Insurance Group Supervisory Board. Maria Kubitschek, Rudolf Ertl, Georg Riedl and Günter Geyer were elected to the Supervisory Board for the first time - Günter Geyer after a cooling-off period of slightly more than two years. The previous Chairman, Wolfgang Ruttenstorfer, left the Supervisory Board of the Vienna Insurance Group when his term of office expired at the end of the Annual General Meeting.

"On behalf of the Managing Board of the Vienna Insurance Group, I would like to thank Wolfgang Ruttenstorfer for his outstanding work with us over the past few years. As Chairman of the company's Supervisory Board, he has made a major contribution to strategic decision making in the Group and to its profitable long-term development," said Peter Hagen, CEO and Chairman of the Vienna Insurance Group Managing Board.

About the newly elected members of the Supervisory Board

Maria Kubitschek is Head of the Economics Department of the Austrian Federal Chamber of Labour. She is responsible for various areas including economics, economic policy, financial and tax law, and EU and international affairs. Maria Kubitschek studied social sciences and economics at the University of Vienna.

Rudolf Ertl is a member of the Managing Board of Wiener Städtische Wechselseitiger Versicherungsverein - Vermögensverwaltung - Vienna Insurance Group, the main shareholder of Vienna Insurance Group. He has a doctorate in law, and has worked for the Group since 1972. Rudolf Ertl was a member of the Managing Board of Wiener Städtische Versicherung AG Vienna Insurance Group until the end of 2008, and a member of the Managing Board of Donau Versicherung AG Vienna Insurance Group until June 2009.

Georg Riedel is a practising lawyer in Vienna, specialising in business and commercial law, company and tax law, mergers and acquisitions, trusts and law of contract.

Günter Geyer is Chairman of the Managing Board of Wiener Städtische Wechselseitiger Versicherungsverein - Vermögensverwaltung - Vienna Insurance Group and President of Versicherungsverband Österreich (Austrian Insurance Association). From 2001 he was CEO of Wiener Städtische Versicherung AG Vienna Insurance Group and until May 2012 he headed the Vienna Insurance Group as Chairman of the Managing Board and CEO.

The composition of the Vienna Insurance Group AG Wiener Versicherung Gruppe Supervisory Board is now as follows:

Bernhard Backovsky
Martina Dobringer
Rudolf Ertl
Günter Geyer
Maria Kubitschek
Reinhard Ortner
Heinz Öhler
Georg Riedl
Karl Skyba
Gertrude Tumpel-Gugerell

The resolutions of the Annual General Meeting were passed by large majorities. Further information is available for download at
http://www.vig.com/annual-general-meeting.html

The video of the presentation by CEO Peter Hagen as part of today's Annual General Meeting will be available after the Annual General Meeting on the Vienna Insurance Group's website at http://www.vig.com/annual-general-meeting.html.