Extraordinary announcement ont he renewal of a material contract

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

CIG Pannónia Life Insurance Plc. increased its premium income by 10 percent, thus reaching HUF 20.11 billion. In the life insurance segment, new acquisitions have increased by half compared to the first three quarters of 2018. Group level operating profit after tax is HUF 354 million loss, and the total comprehensive income is a HUF 463 million gain in the third quarter of 2019, the company's stock exchange flash report informed.

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 dealing with non-life insurance was obligated by the Hungarian National Bank to prepare a recovery plan. In the abovementioned plan to be prepared within two months, the level of solvency capital shall be set at the level covering the needs, or the risk exposure of the subsidiary shall be reduced.