Erste Bank JPMorgan Merrill Lynch International

A total of 3,512.0 of these shares were purchased under the employee participation plan 2005. If
these shares are sold before January 1, 2011, the granted discount of 30% of the purchase price has
to be repaid.
Employee Participation Plan
In connection with the capital increase from authorized capital adopted by the management board
and approved by the supervisory board on April 20, 2008, the management board established an
employee participation plan for certain Group employees. Up to 1,000,000 new shares are available
for the employee participation plan, which are to be preferentially allocated to participating employees
at a preferential price.
Significant terms of the employee participation plan include:
All active employees and managing directors (not including temporary employees or employees
not yet of age) employed (without interruption) since December 31, 2006 and all members of
the managing board of Wiener Städtische AG or companies that have been fully consolidated
insurance subsidiaries of the Issuer on December 31, 2007 in Austria, the Czech Republic,
Slovakia, Hungary, Poland, Romania, Bulgaria, Germany and employees of the branches of
Wiener Städtische AG in Slovenia and Italy, whose employment was not terminated as of
April 30, 2008 or who are currently in a state of termination of employment due to retirement,
are eligible to participate in the employee participation plan.
Employees are offered a preferential purchase price that is reduced by 20% below the
Subscription and Offer Price. The preferential share subscription is limited to a maximum of
250 Shares for each management board member/employee.
In order to obtain the preferential price, each participant must acquire at least five shares with a
minimum holding period of five full calendar years. The purchase price reduction must be repaid
if ownership of the shares is transferred before December 31, 2013.
The subscription period for the employee plan extends from April 22, 2008 08:00 a.m., until
April 30, 2008 03:00 p.m. (CET).
Supervisory Board Committees
The supervisory board of Wiener Städtische AG has formed the following committees:
Working Committee (committee for decisions on urgent matters of the company)
This committee decides on matters that require the approval of the supervisory board and which,
due to urgent circumstances, may not be delayed until the next ordinary meeting of the supervisory
board.
Audit Committee
The audit committee is responsible for accounting issues and for auditing Wiener Städtische AG
and the Group. It analyzes the audit reports of the auditors, reports on them to the supervisory board
and prepares the resolution on the adoption of the financial statements.
Strategy Committee
In cooperation with the management board and, if applicable, with experts, the strategy committee
prepares strategic resolutions which subsequently are to be adopted by the supervisory board.
The following persons are currently members of the working committee, the audit committee and
the strategy committee:
KR Dkfm. Klaus Stadler (substitute Dr. Sereinig and Mag. Alois Hochegger)
KR Dr. Karl Skyba (substitute Dipl.Ing. Guido Klestil and HR Dkfm. Heinz Öhler)
Franz Urban (substitute Heinz Neuhauser and Peter Grimm)
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