According to the said decision the Central Bank of Hungary has approved the transaction (“Transaction”) decided by the General Meeting of the Insurance Company and published in the announcement of the Company on 30th January 2018 as well. By the Transaction KONZUM Plc. will subscribe 23 466 020., namely Twenty-Three Million Four Hundred Sixty-Six Thousand Twenty dematerialised “A” series ordinary shares issued by the Insurance Company with the face value of HUF 40. -, namely Forty Hungarian Forints and with the issue value of HUF 350. -, namely Three Hundred Fifty Hungarian Forints. The Transaction will be closed until 31st May 2018. As a result of the Transaction, the KONZUM Plc. acquires the 24,85 % direct ownership over the Insurance Company. 

CIG Pannónia Life Insurance Plc.