EANS-General Meeting

Vienna Insurance Group Wiener Versicherung Gruppe / Resolutions of the General Meeting

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Translation from German

Publication of the resolution of the Annual General Meeting of VIENNA
INSURANCE GROUP AG Wiener Versicherung Gruppe on the redemption of
treasury shares pursuant to Section 65 (1) No. 4 and 8 and (1a) and
(1b) of the Austrian Stock Corporations Act [Aktiengesetz/AktG] and
on the sale of treasury shares in a way other than via the stock
exchange or a public offering (Section 65 (1b) AktG)

Publication pursuant to Section 82 (9) of the Austrian Stock Exchange
Act [Börsegesetz/BörseG] in conjunction with Sections 2 and 3 of the
Publication Regulation
[Veröffentlichungsverordnung/VeröffentlichungsV] 2002

The Annual General Meeting of VIENNA INSURANCE GROUP AG Wiener
Versicherung Gruppe, Schottenring 30, 1010 Vienna, FN [Business
Register Number] 75687 f, of 12 May 2017 has passed the following
resolution, which is hereby published pursuant to Section 65 (1a)
AktG in conjunction with Section 82 (9) BörseG and pursuant to
Sections 2 and 3 VeröffentlichungsV 2002:

"The Managing Board is authorised pursuant to Section 65 (1) No. 4
and No. 8 and (1a) and (1b) AktG to acquire no-par value bearer
treasury shares to the maximum extent permitted by law during a term
of thirty (30) months from the day of the resolution of the Annual
General Meeting. The equivalent to be paid upon redemption must not
be lower than a maximum of 50% of the unweighted average closing
price of the ten trading days preceding redemption and not higher
than a maximum of 10% of the unweighted average closing price of the
ten trading days preceding redemption. At the Managing Board's option
the shares may be acquired via the stock exchange or a public
offering or in any other expedient manner that is permitted by law.

The Managing Board is further authorised:

(a) to use treasury shares for issuing shares to employees and
executive employees of the Company or to employees, executive
employees and members of the managing board of entities affiliated
with the Company;

(b) to use treasury shares to service convertible bonds issued on the
basis of the resolution of the Annual General Meeting of 12 May 2017;

(c) to sell treasury shares via the stock exchange or a public
offering pursuant to Section 65(1) AktG at any time. In addition, the
Managing Board is authorised to sell the acquired treasury shares in
a different way without excluding the shareholders' subscription
right or with excluding them in whole or in part for a maximum period
of five years from the resolution. The written report on the reasons
for exclusion of the subscription right is available to the Annual
General Meeting."

Vienna, May 2017

The Managing Board

Further inquiry note:
VIENNA INSURANCE GROUP AG
Wiener Versicherung Gruppe
1010 Wien, Schottenring 30


Nina Higatzberger-Schwarz
Head of Investor Relations
Tel.: [phone]
Fax: [phone]
E-Mail: [e-mail]

end of announcement euro adhoc
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issuer: Vienna Insurance Group Wiener Versicherung Gruppe
Schottenring 30
A-1010 Wien
phone: [phone]
FAX: [phone]
mail: [e-mail]
WWW: www.vig.com
sector: Insurance
ISIN: AT0000908504
indexes: WBI, ATX Prime, ATX
stockmarkets: official market: Wien, stock market: Prague Stock Exchange
language: English