CIG Pannonia Life Insurance Plc. (registered seat: H-1033 Budapest, Flórián tér 1.; company registry number: Cg.01-10-045857; hereinafter: the “Company”) hereby notifies its shareholders and the capital market participants that the National Bank of Hungary has authorized dr. Gabriella Kádár with its resolution No. H-EN-II-158/2019. to be elected as the Chief Executive Officer (CEO) of CIG Pannonia First Hungarian General Insurance cPlc. (hereinafter: „EMABIT”), 100% subsidiary of the Company, which appointed its CEO by the Meeting of the Board of Directors held on 26 August 2019.

CIG Pannónia Life Insurance Plc. (Registered seat: 1033 Budapest, Flórián tér 1; company registry number: Cg.01-10-045857; hereinafter: the “Company”) hereby notifies its shareholders and the capital market participants that the CIG Pannonia First Hungarian General Insurance cPlc (hereinafter referred to as: EMABIT), 100% subsidiary, of the Company pursuant to point c) Paragraph (1) Section 267 of the Act on Business of Insurance announced today the Hungarian National Bank, that the Copmany found that the solvency margin was 102%. The decrease in solvency capital is due to the increase in Italian risk exposure and the lack of reinsurance coverage. EMABIT currently has adequate liquidity: on 30 September 2019, HUF 9.3 billion liquid investment and a liability and net reserve of HUF 5.7 billion. 

CIG Pannonia Life Insurance Plc. (registered seat: H-1033 Budapest, Flórián tér 1.; company registration number: Cg. 01-10-045857; hereinafter: “Company”) meeting the rules set out in Clause 54 (9) of Act CXX of 2001 on the Capital Market hereby informs the capital market participants on the following.

CIG Pannónia Life Insurance Plc. (Registered seat: 1033 Budapest, Florián ter 1; Company Registration Number: Cg.01-10-045857, hereinafter: “the Company”) hereby notifies its Shareholders and the participants of the capital market the CIG Pannonia First Hungarian General Insurance cPlc, 100% subsidiary, of the Company, in connection with its Italian cross-border activities, the MNB, by its interim measure 24708-42 / 2019 of 22 October 2019, immediately prohibited the enter of new insurance contracts in the guarantee and surety sectors and also the extension of contracts already concluded at its subsidiary, until the completion of an activity-based target investigation, but for a period not exceeding one year.

CIG Pannónia Life Insurance Plc. (Registered seat: 1033 Budapest, Flórián tér 1; Company Registration Number: Cg.01-10-045857, hereinafter: “the Company”) hereby notifies its Shareholders and the participants of the capital market the CIG Pannonia First Hungarian General Insurance cPlc, 100% subsidiary, of the Company (hereinafter referred to as “Insurance Company”) the latest informations on Italian cross-border activities.

CIG Pannonia Life Insurance Plc. (registered seat: H-1033 Budapest, Flórián tér 1.; company registration number: Cg. 01-10-045857; hereinafter: “Company”) meeting the rules set out in Clause 54 (9) of Act CXX of 2001 on the Capital Market hereby informs the capital market participants on the following.

CIG Pannónia Life Insurance Plc. (Registered seat: 1033 Budapest, Flórián tér 1; company registry number: Cg.01-10-045857; hereinafter: the “Company”) hereby notifies its shareholders and the capital market participants that the CIG Pannonia First Hungarian General Insurance cPlc, 100% subsidiary, of the Company is expected to make 670 million HUF additional loss compared to the loss disclosed in the Q2 2019 report.

As the Investors were annnounced before, the General Meeting held by CIG Pannónia Life Insurance Plc. (registered seat: 1033 Budapest, Flórián tér 1., company registry number: Cg.01-10-045857; hereafter: „Company”) on 17 April 2019 made the resolution nr. 8/2019. (04.17) which decided on the reduction of the share capital of the Company, as a result of which the share capital decreased from HUF 3,777,130,400 (i.e. three billion seven hundred seventy seven hundred thirty thousand four hundred Hungarian forints) to HUF 3,116,132,580 (i.e. one hundred and thirty-six million one hundred thirty two thousand five hundred and eighty Hungarian forints).

CIG Pannónia Life Insurance Plc. (registered seat: 1033 Budapest, Flórián tér 1., company registry number: Cg.01-10-045857; hereafter: „Company”) notifies the Esteemed Shareholders and other capital market participants of a change in the person in charge of investor and stock market relations.

Number of voting rights and the amount of registered capital at CIG Pannonia Life Insurance Plc.