The empowerment of the first and second Annual General Meetings aims at granting UNIQA the right to purchase up to 10% of its own shares, hence a total of 11,977,780 individual shares.

The programme was started on October 1^st, 2001 and is foreseen to end on June 20^th, 2003. To date, UNIQA has purchased 2,959,325 individual shares representing roughly 2.27% of the group equity. Taking into account UNIQA’s first repurchase programme carried out between June 6^th, 2001, and August 28^th, 2001, in which 2,395,556 own shares were purchased (2% of the group equity), UNIQA now holds 5,354,881 registered individual shares representing 4.47% of the group equity.

On May 6^th, 2002, the Management Board has decided to amend Section 8 of the repurchase programme (highest and lowest purchase price per share) to the effect that as of May 21^st, 2002, the highest purchase price per share would be set at EUR 9.50 instead of EUR 7.50. The Supervisory Working Committee upon empowerment of the Supervisory Board has approved the Management Board´s decision as of today.

All other conditions of the repurchase programme as published on September 26^th, 2001 remain unchanged.