CIG Pannónia Life Insurance Plc. (Registered office: 1033 Budapest, Flórián tér 1; company registration number: Cg.01-10-045857, hereinafter: “the Company”) hereby informs its shareholders and the capital market participants that CIG Pannónia First Hungarian General Indurance cPlc. (hereinafter referred to as: EMABIT), 100% Subsidiary of the Company will, with the dependent effect of the HFSA’s authorization, sell its hungarian property, liability, forwarding, transportation and motor insurance branches within the framework of a portfolio transfer. The portfolio exceeding 100,000 contracts with a portfolio fee of almost HUF 6 billion will be sold within the scope of the subsidiary's own funds recovery plan. The Management is preparing further steps to provide the required solvency capital within the framework of the new recovery plan ordered by the HFSA.

The contracts of the customers involved remain in effect with unchanged terms and the customers have no special responsibility concerning the portfolio transfer. Subsequent to the HFSA’s abovementioned approval, the customers will receive information from Aegon Hungary General Insurance Plc.

The current decision does not affect the operation and financial stability of EMABIT's parent company, CIG Pannónia Life Insurance Plc, whose Solvency II capital adequacy ratio remains exceptionally high, ie. 343%.

CIG Pannónia Life Insurance Plc.