As already announced in May 2008 UNIQA Group Austria will take over 100% of the share capital of the fifth largest Romanian insurance company UNITA from Vienna Insurance Group, the company said.

The transaction will be finalized immediately after receiving the final necessary approvals - which are expected soon.

UNIQA will balance out the effects on equity caused by the legal completion of this transaction by increasing the share capital. By partially using the authorized capital already approved at the Annual General Meeting in 2005 (of up to 50 mln. euros).

UNIQA Versicherungen AG, which is listed on the stock market, will increase its share capital by just under 10% to 131,673,000 euros by issuing 11,895,192 new, no-par bearer unit shares with voting rights to a share of the equity capital of 1 euro each. Only existing shareholders are entitled to purchase these shares in the ratio of 10:1 (existing : new shares).

Subscription period: 31 October to 14 November 2008. The company reserves the right to end the subscription ahead of time or extend it.

The subscription price is set at a maximum of 20 euros. The placement of the complete issue volume is secured independently of the level that the subscription rights are utilized through commitments of the core shareholders.

The new shares are expected to be listed for official trading on the Vienna Stock Exchange (Prime Market) from 19 November 2008.