These newly issued 14,991 UNIQA ordinary shares (ISIN AT 0000821111) will be quoted on the Vienna Stock Exchange as of 23^rd May 2000.

Immediately after the distribution of the dividend for the business year 1999 ( prospective ex-dividend date 3^rd July 2000) the technical consolidation of all ordinary shares will be effectuated according to the stock exchange and securities’ regulations (ISIN AT 0000821130).

In the exchange offer to holders of participation certificates a proposal was included to compensate holders of any remaining participation certificates (16,264 units with a nominal value of EUR 118,195.10) in cash. It is planned to submit the respective requests for approval to the bodies concerned.

The conversion and its contingent capital increase raised the share capital of UNIQA Versicherungen AG to a nominal value of EUR 108,807,409.72 made up of 14,972,226 ordinary shares to bearer with a nominal value of EUR 7.27.