CIG Pannonia Life Insurance Plc. (registered seat: H-1033 Budapest, Flórián tér 1.; company registry number: Cg.01-10-045857; hereinafter: the “Company”) hereby notifies its shareholders and the capital market participants that The Board of Directors of the Company took over the operating costs of its Subsidiary, CIG Pannónia First Hungarian General Insurance cPlc (hereinafter referred to as: EMABIT) in the amount of HUF 519,000,000, as well as a commitment to provide additional capital in the amount of HUF 500,000,000.

With today's decision, the Board of Directors of the Company undertakes to take over the operating costs of EMABIT from 1 August 2020 in order to ensure the solvency capital adequacy thereof. The maximum amount of the assumption of operating costs for the three - year stock running-out period outlined in the recovery plan is HUF 519,000,000.

In addition, the Company undertook an additional capital increase of HUF 500,000,000 in the event that EMABIT's own funds fall below 120% statutory ratio. At the same time, it authorized the Board of Directors of EMABIT to increase the share capital in its own competence in the event of a damage call. The authorization to increase the share capital is for a period of 5 years, its minimum amount is occasionally HUF 1,000,000, ie one million forints, whilw the upper maximum may not exceed HUF 10,000,000, ie ten million forints during the 5-year period.