CIG Pannónia 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 other capital market participants that the Board of Directors of CIG Pannónia Life Insurance Plc. decided today on submitting a resolution proposal to the General Meeting on transformation in the form of merger by acquisition. According to the proposal MKB Life Insurance Plc. will be merged by acquisition into the Company. At the same time the Board of the Directors of CIG Pannónia First Hungarian General Insurance Ltd. (hereinafter: „EMABIT”)- the subsidiary of the Company – also submits a proposal to its founder on the merger by acquisition of MKB General Insurance cPlc. into EMABIT.