Erste Bank JPMorgan Merrill Lynch International

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35. OTHER INFORMATION The Supervisory Board is comprised of the following individuals: Members elected by the General Shareholders’ Meeting: (The years in brackets indicate the year that the individual was first appointed and the end of the current appointment) President Komm.-Rat Dkfm. Klaus Stadler (1992/2010) Chairman Komm.-Rat Dr. Karl Skyba (1992/2010) Deputy Chairman Generalabt Propst Bernhard Backovsky (2002/2010) Peter Haunschmidt (2002/2010) Mag. Alois Hochegger (starting 24 May 2005/2010) Dipl.-Ing. Guido Klestil (1992/2010) Dkfm. Helmut Mayr (until 24 May 2005) Prof. Komm.-Rat Walter Nettig (1992/2010) Hofrat Dkfm. Heinz Öhler (2002/2010) Komm.-Rat Wolfgang Radlegger (until 24 May 2005) Dr. Johann Sereinig (1992/2010) Mag. Dr. Friedrich Stara (2002/2010) Employee representatives: Peter Grimm Dietfried Kreiner (until 24 May 2005) Heinz Neuhauser Franz Urban Gerd Wiehart Peter Winkler (starting 24 May 2005) Fritz Zickbauer (until 24 May 2005) All members of the Supervisory Board elected by the General Shareholders’ Meeting declare that they are to be considered independent according to the criteria laid down by the Supervisory Board. No member of the Supervisory Board is a shareholder with an ownership interest greater than 10% or represents the interests of such a shareholder. No agreements were concluded with members of the Supervisory Board in 2005 which would have required approval from the Supervisory Board. Compensation plan for members of the Supervisory Board: In accordance with resolutions passed by the 14th ordinary General Shareholders’ Meeting of 24 May 2005, the members of the Supervisory Board elected by the General Shareholders’ Meeting receive their compensation in the form of monthly payments paid in advance. Members of the Supervisory Board who withdraw during the course of a month receive full compensation for the month in question. In addition to this compensation, Supervisory Board members receive an attendance allowance for participating in Supervisory Board meetings and Supervisory Board committee meetings (paid after participation in the meeting). The compensation received by the Supervisory Board members in 2005 for their service to the Company was EUR 133,000 (2004: EUR 87,000). No loans were granted to Supervisory Board members in 2005. No guarantees existed for Supervisory Board members on 31 December 2005. F-214
Committee members: Committee for decisions on urgent issues concerning the Company (Working Committee) Komm.-Rat Dkfm. Klaus Stadler 1 st substitute: Dr. Johann Sereinig 2 nd substitute: Mag. Alois Hochegger Komm.-Rat Dr. Karl Skyba 1 st substitute: Dipl.-Ing. Guido Klestil 2 nd substitute: Hofrat Dkfm. Heinz Öhler Franz Urban 1 st substitute: Heinz Neuhauser 2 nd substitute: Peter Grimm Auditing Committee (Accounts Committee) Komm.-Rat Dkfm. Klaus Stadler 1 st substitute: Dr. Johann Sereinig 2 nd substitute: Mag. Alois Hochegger Komm.-Rat Dr. Karl Skyba 1 st substitute: Dipl.-Ing. Guido Klestil 2 nd substitute: Hofrat Dkfm. Heinz Öhler Franz Urban 1 st substitute: Heinz Neuhauser 2 nd substitute: Peter Grimm Strategy Committee Komm.-Rat Dkfm. Klaus Stadler 1 st substitute: Dr. Johann Sereinig 2 nd substitute: Mag. Alois Hochegger Komm.-Rat Dr. Karl Skyba 1 st substitute Dipl.-Ing. Guido Klestil 2 nd substitute: Hofrat Dkfm. Heinz Öhler Franz Urban 1 st substitute Heinz Neuhauser 2 nd substitute: Peter Grimm Personnel Committee (Committee for management board issues) Komm.-Rat Dkfm. Klaus Stadler Komm.-Rat Dr. Karl Skyba The following Supervisory Board members held supervisory board positions or comparable positions in domestic or foreign listed companies in 2005: Dipl.-Ing. Guido Klestil Austriamicrosystems AG Prof.Komm.-Rat Walter Nettig Imperial Hotels Austria AG Hofrat Dkfm. Heinz Öhler <strong>Bank</strong> für Tirol und Vorarlberg AG Komm.-Rat Dr. Karl Skyba Flughafen Wien AG F-215
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WIENER STÄDTISCHE Versicherung AG
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Stabilization measures. In connecti
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[THIS PAGE INTENTIONALLY LEFT BLANK
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Proceeding Regarding BA-CA Versiche
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in detail factors which may influen
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“Benefia Non-Life” refers to BE
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“Unita” refers to Unita S.A. Vi
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Health insurance products are marke
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The Vienna Insurance Group can give
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The Offer Period and the Employee O
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Entitlement to Dividends: . . . . .
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RISK FACTORS Potential investors sh
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negative effects on the Vienna Insu
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safeguard the stability of the publ
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The Vienna Insurance Group depends
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Since the purchase price of the Tar
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always passed such resolutions as p
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General THE OFFERING The Offering c
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Global Coordinators on the basis of
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PLAN OF DISTRIBUTION Scope of and A
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Termination, Indemnification The Pu
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Japan The Offer Shares have not bee
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CAPITALIZATION The following table
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USE OF PROCEEDS Assuming all of the
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DIVIDEND POLICY All Existing Shares
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The respective country agreements i
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The table below sets forth key fina
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year, the Target Companies derived
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SELECTED FINANCIAL DATA The followi
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Vienna Insurance Group ranked secon
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Year Real economic growth Consumer
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therefore, good growth potential st
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Non-life rate-setting Rate-setting
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has also remained between 9.5 and 1
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Insurance policies generally includ
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Severance obligations Based on stat
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increase also came from insurance c
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of the scope of consolidation throu
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Financial result The following tabl
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The following table sets forth by r
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Health insurance segment The follow
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individual subsidiaries are respons
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Currently, neither the Management B
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EMBEDDED VALUE OF WIENER STÄDTISCH
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Group Embedded Value The following
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Overview BUSINESS With approximatel
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Life Insurance The life insurance b
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for a strong demand for these produ
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For more information regarding comp
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that entity. In 1938, “Gemeinde W
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In 2005, the Issuer acquired a part
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The following table sets forth the
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damages. The changes in the Vienna
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Corporate Customers In the property
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medical treatment, medicines (inclu
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In connection with endowment insura
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Wiener Städtische AG offers produc
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premiums written in fiscal year 200
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The Vienna Insurance Group conducts
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KOMUNÁLNA Poist’ovňa, a.s. Vien
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Description of the Six Most Importa
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11.8%), with premiums increasing by
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subsidiary of TBIH) transferred its
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The investment policy is more conse
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at equity). The table below provide
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ought against them will have a mate
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Trademarks and Patents The names
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Risk Management Organization The Gr
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Auditing In keeping with the minimu
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Reinsurers with a lower rating are
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Real Estate Risk The value of the r
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On the basis of the Group’s inter
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INSURANCE SUPERVISION Wiener Städt
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an ongoing basis. Insurance compani
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Persons that would like to directly
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In addition to his responsibilities
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Chairman of the supervisory board o
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Member of the supervisory board of
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General director (retired) KR Dr. K
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Members of the Extended Board The f
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Members of the Group Management Boa
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the extended Group board since 2008
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Member of management board, supervi
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Shares and Stock Options Held by Me
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Human Resources Committee (committe
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DESCRIPTION OF SHARE CAPITAL AND SU
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through a resolution of the shareho
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After the capital increase resolved
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The following measures require purs
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Neither Austrian law nor the Articl
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Dividend Rights The offered New Sha
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the purchase price exceeds 10% of t
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The executive bodies of WST-Versich
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esolution on the formal approval of
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Taxation in Austria TAXATION Taxes
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Capital Gains Resident Shareholders
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tax consequences that may be releva
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liability and may entitle such hold
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THE VIENNA STOCK EXCHANGE The infor
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Trading Volume In 2006, the aggrega
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Czech languages. The dissemination
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Takeover Commission and must prepar
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THE PRAGUE STOCK EXCHANGE The follo
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est quotation. During the closed ph
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obligations; or (iv) a criminal off
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Operating private hospitals in the
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RESPONSIBILITY STATEMENT PURSUANT T
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CONSOLIDATED BALANCE SHEET AS OF 31
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CONSOLIDATED SHAREHOLDERS’ EQUITY
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CONSOLIDATED CASH FLOW STATEMENT FR
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SEGMENT REPORTING CONSOLIDATED INCO
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total of 29 domestic and 41 foreign
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In the third quarter, the Celetná
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existing on the balance sheet repor
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For both owner-occupied and third p
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The credit quality of each contract
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not set to zero for Group subsidiar
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The calculations for 31 December 20
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RISK REPORTING The Vienna Insurance
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internal processes, strategic procu
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Concentration risk Concentration ri
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Other securities Financial investme
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The following table shows Vienna In
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measurement of the value of a compa
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that occurred in the current and al
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amount, the closely held corporatio
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Unrealised profits and losses are a
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Affiliated companies and participat
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Detail: Acquisition Costs Carried F
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9. RECEIVABLES Detail in EUR ’000
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13. CONSOLIDATED SHAREHOLDERS’ EQ
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Development in EUR ’000 Property/
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Development in life insurance 31.12
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Development in severance obligation
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24. LIABILITIES Detail in EUR ’00
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Off-balance sheet commitments The f
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Premiums written — Direct life in
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Detail — income in EUR ’000 Cur
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Detail — expenses in EUR ’000 D
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Detail in EUR ’000 Property/Casua
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Detail in EUR ’000 Property/Casua
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The Supervisory Board is composed o
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the Austrian Stock Corporation Act
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SIGNIFICANT EVENTS AFTER THE BALANC
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REPORT OF THE SUPERVISORY BOARD The
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INDEPENDENT AUDITOR’S REPORT We h
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CONSOLIDATED SHAREHOLDERS’ EQUITY
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CONSOLIDATED CASH FLOW STATEMENT FR
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SEGMENT REPORTING CONSOLIDATED INCO
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28 does not exist, since Wiener St
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Information on the companies that a
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Accounting policies for specific it
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Financial investments Financial inv
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Active tax deferrals are not recogn
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policyholders. These reserves are f
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Operating expenses Group personnel
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To manage these underwriting risks,
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The Vienna Insurance Group has made
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Investments segment Health Life in
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Equities As of 31 December 2006, Vi
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The following table shows the Vienn
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The shareholder margin is calculate
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Reinsurance The Vienna Insurance Gr
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Development of purchased insurance
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4. PARTICIPATIONS On 31 December 20
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The information required under § 2
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For financial investments available
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9. RECEIVABLES Detail in EUR ’000
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13. CONSOLIDATED SHAREHOLDERS’ EQ
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14. SUBORDINATED LIABILITIES Subord
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Health insurance mathematical reser
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Maturities in EUR ’000 31.12.2006
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23. OTHER PROVISIONS Detail in EUR
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agreements with other insurers conc
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income statement. A portion of the
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Detail — income in EUR ’000 Cur
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The Other income of EUR 7,091 milli
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33. OTHER EXPENSES Detail in EUR
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The Supervisory Board is comprised
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The Managing Board is comprised of
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Significant events after the balanc
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AUDITOR’S REPORT We have audited
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REPORT OF THE SUPERVISORY BOARD The
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CONSOLIDATED INCOME STATEMENT FOR T
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Page 414 and 415: Embedded value sensitivity analysis
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Page 420 and 421: Detail in EUR ’000 31.12.2005 31.
Page 422 and 423: Affiliated companies and participat
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Page 428 and 429: 10. CASH AND CASH EQUIVALENTS Detai
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Page 432 and 433: 17. RESERVE FOR OUTSTANDING CLAIMS
Page 434 and 435: 22. OTHER PROVISIONS Detail in EUR
Page 436 and 437: Other threatened and pending court
Page 438 and 439: Premiums written, total account Pro
Page 440 and 441: 29. OTHER INCOME Detail in EUR ’0
Page 442 and 443: Detail in EUR ’000 Property/Casua
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Page 452 and 453: AUDITOR’S REPORT We have audited
Page 454 and 455: Banker’s blanket bond The Banker
Page 456 and 457: Expense ratio The ratio of premium
Page 458 and 459: Loss ratio The percentage ratio of
Page 460 and 461: Shares of minority shareholders in
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Page 464 and 465: The FOG and the Cost of Non-Market
Page 466 and 467: The NBV has only been calculated fo
Page 468 and 469: policyholder behaviors, i.e. some a
Page 470 and 471: The yields shown are risk-free euro
Page 472 and 473: Sensitivity Analysis EEV The follow
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Page 476 and 477: Embedded Value of the Target Compan
Page 478 and 479: 3.2 Value of In-Force The VIF is th
Page 480 and 481: 5. Sensitivity Analysis The followi
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Page 486 and 487: ZUSAMMENFASSUNG DES PROSPEKTS Diese
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Page 490 and 491: Sollten es die bisherigen Aktionär
Page 492 and 493: Mai 2008 ablaufen. Die Bezugsrechte
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diesem Prospekt enthaltenen Konzern
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SHRNUTÍ PROSPEKTU Toto shrnutí pr
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Dne 26. brˇezna 2008 uzavrˇely sp
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Uplatnění Upisovacích práv ze s
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prˇedstavují právo prˇevodu na
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Vybrané informativní finanční
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