CIG Pannonia Life Insurance Private Limited Company (registered office: H-1097 Budapest, Könyves Kálmán körút 11.B, company registration nr.: 01 10 045857, hereinafter referred to as Company) hereby – as a result of the information provided earlier – informs its Esteemed Shareholders and other members of the public about as result of the measures taken to achieve the full and final resolution of the so-called “Italian matters[1]”, primarily related to the Company's consolidated subsidiary[2][3], CIG Pannónia Első Magyar Általános Biztosító Zrt. (EMABIT), and collectively, on a consolidated level, to the operations of the CIG Pannónia Group (Group) the National Bank of Hungary (the Supervisory Authority), by its Resolution No. H-JÉ-II-67/2026 received on 1 June 2026, has terminated the obligation concerning the additional capital requirement of HUF 500,000,000 (five hundred million Hungarian forints) previously imposed on and maintained with respect to EMABIT.

In the reasoning of the above-mentioned resolution, the Supervisory Authority set out the historical background and the relevant legal framework underlying the termination and, among other things, stated that it had reviewed the additional capital requirement that had been imposed since June 2020 and continuously maintained up to the present date, taking into account the material changes in the circumstances that originally led to its imposition. The Supervisory Authority concluded that:

• the remaining portfolio of the Italian matters (including related obligations) has decreased significantly, and therefore EMABIT no longer has a volume of such insurance contracts and contractual obligations comparable to that existing during the periods covered by the previous supervisory resolutions imposing and maintaining the additional capital requirement;
• EMABIT’s run-off Italian portfolio can no longer be considered significant compared to its former scale, both in terms of the number of contracts and the aggregate insured limit amounts.

CIG Pannonia Life Insurance Plc.

Management Board