EXTRAORDINARY INFORMATION | On the decision concluding an ex officio thematic investigation conducted by the Central Bank of Hungary against the Company and the consolidated subsidiary

2025. 05. 14.

CIG Pannonia Life Insurance Plc. (registered office: H-1097 Budapest, Könyves Kálmán boulvard 11.B, company registration nr.: 01 10 045857, hereinafter referred to as Company or Insurer) in compliance with its relevant legal obligations, hereby informs the Esteemed Shareholders and other members of the public that the Central Bank of Hungary (headquarters: 1013 Budapest, Krisztina krt. 55, location: 1122 Budapest, Krisztina krt. 6.; hereinafter: MNB) concluded its ex officio thematic investigation against the Company and issued its decision no. H-JÉ-II-B-155/2025 – dated May 12, 2025 and received by the Company on May 13, 2025 -. Furthermore, the MNB concluded its ex officio thematic investigation against the Company's 100%-owned subsidiary, CIG Pannonia First Hungarian General Insurance Plc. (hereinafter: EMABIT) and issued its decision no. H-JÉ-II-B-157/2025. - dated May 12, 2025 and received by the Emabit on May 13, 2025:

The MNB closed the target investigation launched on January 3, 2024 by imposing supervisory fine of 7,000,000 HUF, i. e. seven million forints and a consumer protection fine of 1,000,000 HUF, i. e. one million forints against the Company.

The MNB closed the target investigation launched on January 3, 2024 by imposing supervisory fine of 3,000,000 HUF, i. e. three million forints and a consumer protection fine of 1,000,000 HUF, i. e. one million forints against the EMABIT.

In connection with the above, the Company wishes to state that the Company and the EMABIT have immediately started fulfilling the obligations of the MNB and remedying the deficiencies.

The Company also wishes to state that the findings set out in the decision fundamentally does not affect the future reliable operation of the Company or the EMABIT.

The operative parts of the decisions in accordance with the Bit. Section 108/A.§ have been published on the Company's website (https://www.cigpannonia.hu/rolunk/jelentesek-tajekoztatok)

CIG Pannonia Life Insurance Plc.

Managing Board

Disclaimer: All information contained within this article is for information purposes only, and shall not be considered an official translation of the official communication referred to herein. This document does not include the integral wording of the official communication referred to herein, the original Hungarian language version of it remains to be the solely legally binding material in the subject matter. For further information, please do not hesitate to contact us.

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