4.1. Purchase of AXA Österreich
In its meeting of April 10^th, 2003, the Supervisory Board of UNIQA Versicherungen AG approved the purchase of 100% of the share capital of AXA Konzern Aktiengesellschaft, Vienna, by Austria Versicherungsverein auf Gegenseitigkeit and Vulcania Holding GmbH .

Furthermore, the Supervisory Board also agreed to integrate AXA Österreich into UNIQA in the course of the year 2003. Special project teams will work intensively on the preparatory work. The integration contracts are planned to be submitted to the UNIQA Supervisory Board for approval in June. Once the required approvals and agreement from domestic and international regulatory authorities have been obtained, AXA Österreich and its international subsidiaries can be rapidly and carefully integrated into the UNIQ Group. These steps will continue to strengthen the leading position of the UNIQA Group in Austria and create clear advantages of scale and time in Hungary.  There are synergy potentials above all in administration, IT, asset management, locations, advertising costs and re-insurance. We expect to experience the positive effects of the synergy plans already in 2003.

AXA has a market share of around 3.3% and is number six in Austria in the property and casualty segment. In life insurance ranks in 11^th place with a share of 1.6%. In addition to strengthening the market leadership it will also upgrade UNIQA Group’s sales network because of the large number of AXA agents. 

In Hungary, AXA Biztosito Rt. is the sixth largest insurance company with a market share of 5.3% and a nation-wide sales presence. The AXA pension fund is the fourth largest on the Hungarian market.

The UNIQA Group will now reach the target set for 2005 to achieve a 15% share of international business in the Group premium income much earlier because of the faster-than average and yet organic growth of its international companies and the imminent integration of the Hungarian AXA Bitztosito Rt.

4.2. Extension of the share repurchase programme
On April 4^th, 2003, the Supervisory Board of UNIQA Versicherungen AG approved the request to extend the authorisation to purchase own shares beyond June 20^th, 2003, to be submitted to the Annual General Meeting on May 19^th, 2003.

UNIQA has to date bought back 11,790,269 shares as part of its current programme. This means that there are now a total of 9,864,467 repurchased shares – 8.24% of share capital – since 1,925,729 shares were offered for the complete purchase of FinanceLife Lebensversicherung AG (formerly MLP Lebensversicherung AG) and have been deducted.

The share repurchase programme creates the stock portfolio for the purchase of companies or shares in companies.

4.3. January to March 2003
The domestic companies in the UNIQA Group have managed to increase the new/additional premiums by 22.8% in the first quarter. For property insurance the increase amounted to 7.9%, for life insurance with recurring premiums to 31.6% and for health insurance to 34.9%.