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11.02.2015 – 12:43

Vienna Insurance Group

EANS-Adhoc: Vienna Insurance Group
Intended issue and repurchase of bonds

  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
other/Intended issue and repurchase of bonds

The management of Vienna Insurance Group AG Wiener Versicherung Gruppe ("VIG")
is planning, subject to a positive overall capital market environment, to issue
subordinated notes under its EUR 400,000,000 Subordinated Notes Programme as
well as to invite holders of certain notes to tender these notes for repurchase
by VIG for cash.
The tender offer is addressed to holders (the "Noteholders") of notes of the
Supplementary Capital Bond which was issued in 2005 (EUR 180,000,000
Supplementary Capital Notes 2005-2022 / ISIN: AT0000342696) and of the Hybrid
Bond issued in 2008 and 2009 (EUR 500,000,000 Deeply subordinated fixed-to-
floating rate perpetual notes / ISIN: AT0000A09SA8, together, the "Notes").
Tenders of Notes for repurchase may be rejected in the sole discretion of VIG
for any reason and VIG is not under any obligation to Noteholders to furnish any
reason or justification for refusing to accept a tender of Notes for purchase.
It is expected that offers may be delivered during the offer period from and
including 12 February 2015 to presumably 26 February 2015. Noteholders will be
informed by their custodian about the details of the tender offer.
Distribution Restrictions
This information does neither constitute an offer to sell or buy nor the
solicitation of an offer to sell or buy securities of VIG nor an offer to tender
Notes for repurchase for cash in any jurisdiction, in particular in Belgium, the
Republic of France, the Republic of Italy, the United States of America and the
United Kingdom, in which such offer or solicitation would be unlawful and
tenders of Notes will not be accepted from Noteholders of such jurisdictions.
The distribution of this announcement may be restricted in certain jurisdictions
by law. Persons into whose possession this announcement comes are required to
inform themselves about, and to observe, any such restrictions.
An offer of the New Issue is being made exclusively by means of and on the basis
of the base prospectus which was approved by the FMA on 4 February 2015 together
with the relevant final terms (together the "Prospectus"). The Prospectus is
available in electronic form on the website of the Issuer (
Subordinated-Notes-Programme-2015). In connection with the Offer only the
Prospectus is legally binding.
The Invitation to tender Notes for repurchase for cash is being made exclusively
by means of and on the basis of a Tender Offer Memorandum dated 12 February
2015. In order to receive a copy of the Tender Offer Memorandum and to
participate in the Invitation, as the case may be, Noteholders have to contact
the Dealer Manager and Tender Agent, Erste Group Bank AG by fax or by e-mail.
The following securities of VIG are admitted for domestic trading on a domestic
regulated market:

Issue title                    ISIN         Trading segment of the Vienna Stock
Aktie                          AT0000908504 Official Market
VIG nachrang.Schuldv.13-43     AT0000A12GN0 Second Regulated Market
Wr.Staedt. Hybridkap-Anl 08    AT0000A09SA8 Second Regulated Market
Wr.Staedt.Vers. EK-Anl. 05-22  AT0000342696 Official Market
Wr.Staedt.Vers. var EK-Anl. 05 AT0000342704 Official Market

Further inquiry note:
Wiener Versicherung Gruppe
1010 Wien, Schottenring 30

Alexander Jedlicka 
Head of Public Relations, Spokesperson 
Tel.: +43 (0)50 390-21029 
Fax: +43 (0)50 390 99-21029 

Nina Higatzberger
Head of Investor Relations
Tel.: +43 (0)50 390-21920
Fax: +43 (0)50 390 99-21920

end of announcement                               euro adhoc 

issuer:      Vienna Insurance Group
             Schottenring 30
             A-1010 Wien
phone:       +43(0)50 390-21919
FAX:         +43(0)50 390 99-23303
sector:      Insurance
ISIN:        AT0000908504
indexes:     WBI, ATX Prime, ATX
stockmarkets: official market: Wien, stock market: Prague Stock Exchange 
language:   English

Original content of: Vienna Insurance Group, transmitted by news aktuell