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 the approval procedure (Approval procedure) of the mandatory public takeover bid (Bid) submitted to the Magyar Nemzeti Bank (The Central Bank of Hungary, registered office: H-1054, Budapest, Szabadság tér 9.) as Supervisory Authority by HUNGARIKUM Biztosítási Alkusz Ltd. (registered office: H-8086 Felcsút, Fő utca 65.) (Acquirer) and MKB Bank Public Limited Company (registered office: H-1056 Budapest, Váci u. 38.) as investment service provider concerning the registered ordinary shares issued by the Company (ISIN: HU0000180112) was suspended by the Supervisory Authority with its Decision nr. N-KE-III-216/2021.

The reason for suspension is that the procedures pending before the Supervisory Authority, initiated at the request of the Acquirer in connection with the authorization of the acquisition of qualified influence in the Target Company and in CIG Pannonia First Hungarian General Insurance Ltd. (registered office: H-1097 Budapest, Könyves Kálmán körút 11.B) (Bit.[1] procedures) are, in the Supervisory Authority's view, closely related to the Approval procedure.

The Acquirer itself has already fully informed the Shareholders of the Bit. procedures being one of the preconditions for the takeover bid in point 2.3.4. of its Bid[2] published on June 18, 2021.