The Board of Directors of CIG Pannonia Life Insurance Public Limited Company (registered office: H-1097 Budapest, Könyves Kálmán körút 11.B, company registration nr.: 01 10 045857 - hereinafter referred to as Company or Target Company) hereby informs its Esteemed Investors that for the reason and in order to achieve the goal of gaining influence to the extent specified in Section 68 (1) (b) of the Capital Markets Act CXX of 2001 (Tpt.), HUNGARIKUM Biztosítási Alkusz Ltd.(registered office: H-8086 Felcsút, Fő utca 65., company registration nr.: 07 09 028910, tax ID nr.: 13010133-4-07, acting on its behalf: Erik Keszthelyi, managing director)(Acquirer) and MKB Bank Public Limited Company (registered office: H-1056 Budapest, Váci u. 38., company registration nr.: 01-10-040952, tax ID nr.: 10011922-4-44) as investment service provider entrusted pursuant to Section 68 (4) of Tpt. have submitted a mandatory public takeover bid for the purchase of registered ordinary shares issued by the Company (ISIN: HU0000180112) with a face value of HUF 33 (i.e. thirty-three forints) each. On June 18, 2021 the aforesaid takeover bid was submitted to the Magyar Nemzeti Bank (the Central Bank of Hungary) as Supervisory Authority for approval as well as to the Board of Directors of the Target Company, initiating its immediate publication.

The takeover bid has NOT yet been approved by the Central Bank of Hungary.

The purchase of the shares requires the conduct of a competition supervision procedure, and - since the Acquirer intends to modify its qualified influence in the Target Company by means of a mandatory takeover bid so that its ownership share or voting rights reach or exceed 33 percent - pursuant to the relevant provisions of Act LXXXVIII of 2014 on insurance activities (Bit.) Acquirer has initiated having obtained the prior permission of the Supervisory Authority.

The mandatory takeover bid and the operating plan and report on the acquirer's economic activity is disclosed in the attached document.