The date of the transformation is 30 June 2017. With the merger by acquisition Pannónia Life Insurance cPlc. ceases to exist and all of its assets and liabilities are transferred to CIG Pannónia Life Insurance Plc. by way of universal succession. The business form of CIG Pannónia Life Insurance Plc. remains unchanged, it continues its operation as a public limited company, the executive officers and the registered capital of the company remain unchanged. MKB Bank cPlc. as the minority shareholder of Pannónia Life Insurance cPlc. is entitled to receive 92,744 pieces of CIGPANNONIA shares as exchange shares according to the merger agreement. The Company ensures the exchange shares from its own shares. The shares will be transferred on the securities account of the owner within 8 days after the registry by the Capital Regional Court. After the transfer the Company will have 1,104,006 pieces of own shares.

Pannónia General Insurance cPlc. also ceases to exist and all of its assets and liabilities are transferred to CIG Pannónia First Hungarian General Insurance Company Ltd. by way of universal succession. The business form of CIG Pannónia First Hungarian General Insurance Company Ltd. remains unchanged, it continues its operation as a public limited company, the executive officers and the registered capital of the company remain unchanged.

No action is required from customers concerned, the two successor insurance companies will provide them with detailed information about the changes by letter.

CIG Pannónia Life Insurance Plc.