Erste Bank JPMorgan Merrill Lynch International

shares in the former InterRisk-Internationale Versicherungsaktiengesellschaft Vienna in 2000
and 2001 and merging with Wiener Städtische AG in 2002, Wiener Städtische AG increased its
share in InterRisk Wiesbaden to 100%.
In December 1999, Vienna Life Lebensversicherungs AG, with its registered office in Liechtenstein,
was founded by Wiener Städtische AG, starting operations in 2000.
Since 2001, the Vienna Insurance Group has held a participation in the two Polish insurance
companies Compensa Non-Life and Compensa Life. In 2001, Vienna-Life was merged into
Compensa Life and in 2003, Heros merged into Compensa Non-Life. After acquiring the shares
of HUK Coburg in both Compensa companies in 2005, Wiener Städtische now wholly owns
Compensa Life and close to 100% of Compensa Non-Life (0.14% are still free float).
Since 2001, Komunálna poist’ovňa a.s., with its registered office in Bratislava, has been part of
the Vienna Insurance Group.
In 2001, the Group entered the Romanian market by acquiring Unita S.A.
In 2001, Wiener Städtische osiguranje, a company active in the life insurance business in which
Wiener Städtische AG held a participation since 1999, merged with the non-life insurance
company Kvarner osiguranje d.d to form Wiener Städtische osiguranje d.d. (Kvarner), which
has its registered office in Rijeka.
In 2002, Unita acquired a majority in Agras S.A., the biggest agricultural insurance company in
Romania.
In mid-2002, Compensa Sach’s participation in the Belarus Kupala (Joint-Belarus-Austrian
Insurance Company Kupala), which has its registered office in Minsk, was acquired.
In 2002, Wiener Städtische AG entered the Bulgarian market by acquiring the Bulgarski Imoti
Companies (Bulgarski Imoti Life insurance company and Bulgarski Imoti Non-Life insurance
company) founded in 1994.
Since 2002, the Slovakian life insurance company, Kontinuita poist’ovňa a.s., has belonged to
the Vienna Insurance Group.
At the end of 2002, the Wiener Städtische osiguranje a.d. was founded in Serbia and has its
registered office in Belgrade. It began operations in the field of property insurance against loss
and damage and life insurance.
In 2004, a branch office of Wiener Städtische AG was set up in Slovenia.
At the end of 2004, the Vienna Insurance Group began operations in Ukraine by acquiring a
participation in Jupiter Versicherung through a capital increase.
In early 2005, the Issuer further expanded its market share in Croatia by acquiring a majority
holding in Universalversicherung AURUM osiguravajuce drustvo d.d. In November 2005 the
shareholders’ meetings of AURUM and Kvarner Wiener Städtische osiguranje adopted resolutions
approving the merger of AURUM into Kvarner.
In 2005, the Issuer acquired a substantial share in the Romanian SC OMNIASIG S.A., a
company which holds participations in other Romanian insurance companies. In April 2006, the
stake in SC Omniasig S.A. was increased to 93.61% through the acquisition of 21.16% of the
shares of the Romanian Banca Comerciala Romana (BCR).
In 2005, the Vienna Insurance Group entered into an agreement for the acquisition of Kniazha
in order to expand its activities in Ukraine. In February 2007, the Vienna Insurance Group
increased its stake in Kniazha to 80% through a capital increase. In December 2005, the
Vienna Insurance Group entered into agreements concerning the acquisition of JC Globus
Uzhgorod.
In 2005, the Issuer acquired Victoria, the property-casualty insurance company in Belarus.
In May 2005, Kooperativa Prague, which belongs to the Vienna Insurance Group, entered into
an agreement providing for the acquisition of 100% of the shares of Česká podnikatelská
pojisˇt’ovna, a.s.
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