UNIQA Insurance Group AG

EANS-Adhoc: UNIQA Insurance Group AG
UNIQA confirms intention to Re-IPO

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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
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Capital measures
09.09.2013


The information in this ad hoc announcement is not for release, publication or
distribution in or into the United States, Australia, Canada or Japan.

UNIQA confirms intention to Re-IPO
- Re-IPO planned still in 2013
- Target issuance volume of 700 - 800 million euros, depending on market
conditions
- Investment banks mandated
- Issuance of new shares to strengthen UNIQA's capital position and
significantly increase free float

As previously announced, UNIQA Insurance Group AG ("UNIQA" or "Company")
confirms its intention to offer new shares by way of a "Re-IPO" transaction. 
UNIQA plans to proceed with its Re-IPO still in 2013 and has mandated Deutsche
Bank, Morgan Stanley and Raiffeisen Centrobank as Joint Global Coordinators and
Joint Bookrunners for the planned transaction. Barclays, Berenberg and UBS have
been mandated as Co-Bookrunners. KBW acts as advisor to UNIQA. The target
issuance volume of the intended transaction ranges from 700 to 800 million
euros, however depends on market conditions.

UNIQA's CEO, Andreas Brandstetter, commented as follows: "We have carefully
prepared for this step and established a new, clear corporate structure without
any significant minority interests. UNIQA is now transparent and easy to
understand for every investor. The planned Re-IPO is a key milestone for UNIQA.
The intended opening to the international stock market will continue to
positively change the Company's identity. Among other things, it will help us
secure long-term growth."

UNIQA intends, subject to market conditions and approval of its managing and
supervisory boards, to offer new shares from a capital increase still in 2013.
This is expected to strengthen UNIQA's capitalization and thus allow the
continued implementation of the strategy program UNIQA 2.0, as well as provide
strategic flexibility for further growth. 

The planned Re-IPO will include the issuance of new shares to new and existing
shareholders and is expected to significantly increase the Company's free float.
UNIQA's existing core shareholders (see footnote) are expected to agree not to
exercise their subscription rights, but are nonetheless expected to maintain a
majority shareholding post Re-IPO. The intention is to offer the new shares to
private and institutional investors in Austria through a public offering and to
international institutional investors via private placements. The new shares
will be listed on the Official Market of the Vienna Stock Exchange where UNIQA's
shares already trade. The exact size of the potential offering and its exact
timing will depend on prevailing market conditions. 

UNIQA 2.0: A clear long-term strategy
UNIQA launched a long-term strategic repositioning of the Company in the summer
of 2011 and has been consistently executing this strategy program - UNIQA 2.0.
The program is founded on five pillars:
1. Double the number of customers from 7.5 million in 2010 to 15 million by
2020: At the end of June 2013, UNIQA served around 9 million customers
2. Concentrate on core insurance business in the stable market in Austria and
the growth region CEE: Sale of Mannheimer Group, sale of media participations
and hotels; acquisition of EBRD minority interests in CEE (Croatia, Hungary and
Poland)
3. Implement four priority programs:
- UNIQA Austria: Increase profitability through restructuring
- Raiffeisen Insurance: Increase productivity
- UNIQA International: Profitable growth in CEE
- Risk/Return Profile: Value oriented asset/liability management; strong and
sustainable capital position and attractive dividend policy
4. Strengthen equity base: Simplified corporate structure without significant
minorities and preparation for Re-IPO
5. Improve profit from ordinary activities by up to EUR350 million by 2015
compared to 2012: UNIQA reported a profit from ordinary activities of EUR197
million (including EUR51 million gain from the sale of hotel participations) in
1H 2013 compared to EUR107 million in 1H 2012

Additional information concerning UNIQA is included in a company presentation,
which is available on website of UNIQA Insurance Group AG (www.uniqagroup.com)
at Investor Relations / Publications/Presentations. 
http://www.uniqagroup.com/gruppe/versicherung/investor-relations/publikationen/praesentationen/Presentations.en.html

Footnote: UNIQA's core shareholders are Raiffeisen Zentralbank Österreich AG
("RZB"), Austria Versicherungsverein auf Gegenseitigkeit Privatstiftung
("Austria") and Collegialität Versicherungsverein Privatstiftung
("Collegialität"). RZB currently holds 45.28% of UNIQA's shares indirectly
through BL Syndikat Beteiligungs Gesellschaft m.b.H., RZB
Versicherungsbeteiligung GmbH and UQ Beteiligung GmbH, Austria currently holds
44.10% directly and indirectly through Austria Versicherungsverein
Beteiligungs-Verwaltungs GmbH, and Collegialität holds 3.34% directly. 

LEGAL NOTICES
As the UNIQA 2.0 targets relate to future periods and were prepared on the basis
of assumptions about uncertain future events, they entail substantial
uncertainties. Because of these uncertainties, any of the targets may not be
reached, and it is possible that the actual profit improvement in the fiscal
year 2015 compared to the fiscal year 2012 may differ materially from the UNIQA
2.0 targets. This is also true for the target to increase profit from ordinary
activities by up to EUR350 million by 2015 compared to 2012

This announcement is not an offer of, or the solicitation of an offer to buy or
subscribe for, securities to any person in the United States of America, Germany
or any other jurisdiction. The securities referred to herein may not be offered
or sold in the United States absent registration under the U.S. Securities Act
of 1933, as amended (the "Securities Act"), or an exemption from, or in a
transaction not subject to, the registration requirements of the Securities Act.
The Company does not intend to register the securities under the Securities Act
or to conduct a public offering in the United States. 

This announcement serves marketing purposes and constitutes neither an offer to
sell nor a solicitation to buy securities. A prospective public offer of
securities of UNIQA Insurance Group AG will be made in Austria solely by means
and on the basis of a published securities prospectus (including any supplements
thereto) prepared in accordance with the provisions of the Austrian Capital
Markets Act. An investment decision regarding any publicly offered securities of
UNIQA Insurance Group AG should be made only on the basis of such securities
prospectus. If a public offer of securities of UNIQA Insurance Group AG is to be
made in Austria, a prospectus will be prepared in accordance with the Austrian
Capital Markets Act which will be published promptly upon approval by the
Austrian Financial Market Authority (Finanzmarktaufsicht) and will be available
free of charge at UNIQA Insurance Group AG, Untere Donaustraße 21, 1029 Vienna
or on the website of UNIQA Insurance Group AG (www.uniqagroup.com).


Further inquiry note:
UNIQA Insurance Group AG 
Norbert Heller
Tel.: +43 (01) 211 75-3414
mailto:norbert.heller@uniqa.at

end of announcement                               euro adhoc 
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issuer:      UNIQA Insurance Group AG
             Untere Donaustraße 21
             A-1029 Wien
phone:       01/211 75-0
mail:     investor.relations@uniqa.at
WWW:      http://www.uniqagroup.com
sector:      Insurance
ISIN:        AT0000821103
indexes:     WBI, ATX Prime
stockmarkets: official market: Wien 
language:   English
 



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