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Vienna Insurance Group

Wiener Städtische Versicherung AG Vienna Insurance Group: Dividend
Share Repurchase

Wien (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
insurances/dividend/share repurchase
On 16 April 2008 the 17th Annual General Meeting
of Wiener Städtische Versicherung AG Vienna Insurance Group adopted, 
among others, the following resolutions:
DIVIDEND
For the financial year 2007 a dividend of EUR 1.10  per  ordinary  
share,  hence EUR 115,500,000.00,  was  distributed  on   the   
105,000,000   dividend-bearing ordinary shares.
Payment of dividend will be made from 28 April  2008  onwards  in  
exchange  for dividend warrant no 15.
Provided that the paying agent has not been informed  of  any  
exemptions  under Section 94 of the 1988 Income Tax Act in due time, 
the  dividend  will  be  paid less 25% capital gains tax.
ERSTE BANK der oesterreichischen Sparkassen AG, Graben 21, 1010 
Vienna,  is  the paying agent.
Ex-dividend trading on the Vienna Stock Exchange: from 28 April 2008 
onwards.
SHARE REPURCHASE
Pursuant to Section 65 para. 1 subparagraphs 4 and 8 of  the  Stock  
Corporation Act, the Managing Board has been authorised by the  
Annual  General  Meeting  to purchase the statutory maximum number of
the Company's own no-par  value  shares in bearer form during a 
maximum period of 30 months following the resolution  of the Annual 
General Meeting. The consideration payable upon  repurchase  may  not
be lower than 50% or higher than 10% of the average unweighted 
closing rates  of the last ten trading days preceding  the  
repurchase.  The  Managing  Board  may choose whether to repurchase 
the shares via the  stock  exchange  or  through  a public offer or 
in any other appropriate manner permissible under the law.
The Managing Board has further been authorised
a)    to issue own shares to employees and  executives  of  the  Company  or  to
      employees,  executives,  and  managing  board  members  of  any  companies
      affiliated with the Company;
b)    to use own shares for servicing convertible bonds issued on the  basis  of
      the resolution of the Annual General Meeting of 16 April 2008;
c)    to sell own shares at any time via the stock exchange or through a  public
      offer, as provided for in Section 65 para. 1b  of  the  Stock  Corporation
      Act. Moreover,  for  a  maximum  duration  of  five  years  following  the
      resolution, the Managing Board has been authorised to sell, in  any  other
      manner, the own shares purchased, without excluding or  by  completely  or
      partly excluding subscription rights. The written report  on  the  grounds
      for the exclusion of subscription rights has been submitted to the  Annual
      General Meeting.
Vienna, April 2008                                The Managing Board
WIENER STÄDTISCHE Versicherung AG
Vienna Insurance Group
ISIN: AT0000908504
end of announcement                               euro adhoc

Further inquiry note:

Mag. Barbara Hagen-Grötschnig
Unternehmenskommunikation
WIENER STÄDTISCHE Versicherung AG
Vienna Insurance Group
A-1010 Wien, Schottenring 30
Tel.: +43 (0)50 350-21027
Fax: +43 (0)50 350 99-21027
E-Mail: b.hagen@staedtische.co.at

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

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