Vienna Insurance Group

Wiener Städtische Versicherung AG Vienna Insurance Group: Dividend
Share Repurchase

@@start.t1@@--------------------------------------------------------------------------------   ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for   the content of this announcement. --------------------------------------------------------------------------------@@end@@

insurances/dividend/share repurchase

Wien (euro adhoc) - On 16 April 2008 the 17th Annual General Meeting of Wiener Städtische Versicherung AG Vienna Insurance Group adopted, among others, the following resolutions:


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.


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

@@start.t2@@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.@@end@@

Vienna, April 2008                                                  The Managing Board

WIENER STÄDTISCHE Versicherung AG Vienna Insurance Group

ISIN: AT0000908504

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ots Originaltext: Vienna Insurance Group
Im Internet recherchierbar:

Further inquiry note:
Mag. Barbara Hagen-Grötschnig
Vienna Insurance Group
A-1010 Wien, Schottenring 30
Tel.: +43 (0)50 350-21027
Fax: +43 (0)50 350 99-21027

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

Weitere Meldungen: Vienna Insurance Group

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