After the merger by acquisition Pannónia General Insurance cPlc. will be terminated and all its assets and liabilities shall be transferred to CIG Pannónia First Hungarian General Insurance cPlc. by way of universal succession. After the transformation the form of CIG Pannónia First Hungarian General Insurance cPlc. remains unchanged, it will continue its operation as a private limited company.

MKB Bank cPlc as the minority shareholder of Pannónia General Insurance cPlc. submitted a statement to the Board of Directors of CIG Pannónia First Hungarian General Insurance cPlc. on the decision that it wishes not to be a shareholder of the successor (merged) company and it requests the payment for its share according to the draft terms of transformation.

CIG Pannónia Life Insurance Plc.