Conversion of share capital to euro
The share capital of ATS 1,497,222,600 will be recalculated as EUR 119.777,808. It will be divided into 119,777,808 ordinary shares with no nominal value stated. For each bearer share currently denominated with a nominal value of ATS 100, after the capital adjustment 8 bearer shares will be issued.

Authorized capital amounts to EUR 50,000,000
The Management Board is to be empowered by the Supervisory Board to increase the share capital of the Company by 30^th June 2005 to a maximum of EUR 50,000,000. This should create the possibility of undertaking further capital measures, including exclusion of subscription rights.

Call-in of the remaining participation certificates with a nominal value of ATS 1.626,400
After two swap offers in October 1999 and May 2000, of the original holders of a nominal ATS 41,978,200, holders accounting for a nominal ATS 40,351,800 swapped their holdings for UNIQA ordinary shares. The two swap offers required no further payment for the exchange. It will be proposed to the General Meeting that the outstanding participation certificates with a nominal value of ATS 1.626,400 be called in against a cash payment.  The price will be the average price quoted on the stock exchange before the motion for call-in is approved. A dividend of 16% will also be paid.

Empowerment to acquire own shares
The Company will be empowered by the Supervisory Board to acquire up to a maximum of 11.977,780 ordinary shares of UNIQA Versicherungen AG by 20^th December 2001. In the light of the Stock Repurchase Act, since last year it has become customary for listed companies to do this, regarding it as a strategic option for possibly improving the capital structure. The price for the repurchase should be between EUR 5 and EUR 15 (EUR 40 and EUR 120 before the euro conversion) Share repurchase is subject to stringent publicity regulations. The shares must in principle be repurchased via the stock exchange of a public offer. There must also be the possibility of selling the shares in some other manner.