CIG Pannonia Life Insurance Plc. (registered office: H-1097 Budapest, Könyves Kálmán körút 11.B, company registration nr.: 01 10 045857, hereinafter referred as Company) hereby informs the Esteemed Investors that it has decided to increase the share capital of its subsidiary, CIG Pannonia First Hungarian General Insurance cPlc. (EMABIT) by HUF 5,000,000 (five million). As a result, the new share capital of EMABIT will increase to HUF 1,070,000,000, ie one billion seventy million Hungarian Forints. The share capital increase will take place through the private placement of 5 (five) new dematerialized registered ordinary shares with a nominal value of HUF 1,000,000 (one million) and an issue value of HUF 400,000,000 (four hundred million) – representing the same rights as the previously issued shares – and the payment of a cash contribution. The entire share capital increase will be carried out by CIG Pannonia Life Insurance Plc., as the sole owner of EMABIT.

Simultaneously with the share capital increase, the Company places the difference between the issue and the nominal value of the shares, i.e HUF 1,995,000,000, (one billion nine hundred and ninety-five thousand forints) in the capital reserve of EMABIT.

The share capital will be increased by issuing new shares in accordance with the Company's new strategic ideas, with a view to financing the operation of the business units re-launched by EMABIT and the growth of the portfolio.












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