Wiener Städtische Versicherung AG - VIENNA INSURANCE GROUP

euro adhoc: Wiener Städtische Allg. Vers. AG
Restructuring & Recapitalisations / Exercise in full of over-allotment option underlines success of Wiener Städtische capital increase

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21.12.2005

Please note: This is a translation; only the German version of this news release is authoritiative

Distribution in or into the USA, Canada, Japan or Australia not permitted.

Wiener Städtische Wechselseitige Versicherungsanstalt-Vermögensverwaltung (main shareholder of Wiener Städtische Allgemeine Versicherung AG) has granted to the syndicate banks in conjunction with the capital increase of Wiener Städtische an option to purchase up to 2,796,300 shares to cover over-allotments (Greenshoe). Herewith Wiener Städtische is announcing that the syndicate has fully exercised the Greenshoe today.

This increases the total number of shares placed in Wiener Städtische’s Global Offering to 21,438,700 shares, the maximum number available under the terms of the offering. Including the exercise in full of the over-allotment option the free float rises to about 29 percent after the capital increase.

"The exercise of the Greenshoe due to the strong demand from investors underlines the success of the biggest capital increase ever carried out on the Vienna Stock Exchange by an insurance group," says Wiener Städtische CEO Günter Geyer. "Our success is also shown in that the Global Offering was more than twice subscribed."

Wiener Städtische Allgemeine Versicherung AG Schottenring 30 A-1010 Vienna ISIN: AT0000908504

Note:

Furthermore, these materials are not being issued in the United States of America and should not be distributed to United States persons or publications with a general circulation in the United States. These materials are not an offer for sale of the securities in the United States. No public offering of the securities will be made in the United States. The securities have not been registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be sold in the United States absent registration or an exemption from registration under the Securities Act.

Not for distribution in or into the USA, Canada, Japan or Australia

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ots Originaltext: Wiener Städtische Allg. Vers. AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Mag. Birgit Reitbauer
Wiener Städtische Unternehmenskommunikation
Tel.: +43 (0)50 350-21336
Fax: +43 (0)50 350 99-21336
E-Mail: b.reitbauer@staedtische.co.at

Branche: Insurance
ISIN:      AT0000908504
WKN:        A0ET17
Index:    ATX Prime, ATX, WBI
Börsen:  Wiener Börse AG / official market



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