Uniqa Insurance Group AG

Regulatory Filings • Mar 15, 2022

EQS-Ad-hoc: UNIQA Insurance Group AG / Key word(s): Investment UNIQA Insurance Group AG: STRABAG SE Syndicate cancelled by Haselsteiner Group

15-March-2022 / 11:07 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

STRABAG SE Syndicate cancelled by Haselsteiner Group

UNIQA Beteiligungs-Holding GmbH (FN 174965 b), UNIQA Erwerb von Beteiligungen Gesellschaft m.b.H. (FN 208055 p), UNIQA Österreich Versicherungen AG (FN 63197 m) and UNIQA Insurance Group AG (FN 92933 t) (collectively referred to as the "UNIQA Group") together hold around 15% in STRABAG SE.

The UNIQA Group, as a part of the Raiffeisen Group, is a member of a syndicate (the "Syndicate") with the Haselsteiner Group and MKAO Rasperia Trading Limited that controls STRABAG SE (AT000000STR1), which is listed on the Vienna stock exchange.

The Haselsteiner Family Foundation, as a member of the Haselsteiner Group, has served notice on the Syndicate by way of letter delivered today. The Syndicate will therefore be dissolved from 31 December 2022 ("date of dissolution").

UNIQA currently accounts for its 15% interest in STRABAG SE (the "STRABAG interest") as an associate in accordance with IAS 28 ("equity method accounting") as UNIQA has significant influence over STRABAG SE on the basis of the Syndicate in particular. The dissolution of the Syndicate will affect the equity method accounting from the 2023 financial year if the significant influence can no longer be demonstrated. If the equity method accounting is discontinued, UNIQA would instead recognise the dividend paid by STRABAG SE in profit or loss in future rather than the pro rata consolidated net profit. The carrying amount of the STRABAG interest would be based on its market price moving ahead and no longer on the pro rata consolidated equity.

15-March-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com

Language: Company:	English UNIQA Insurance Group AG Untere Donaustraße 21 1029 Vienna Austria
Phone:	+43 1 211 75-0
E-mail:	investor.relations@uniqa.at
Internet:	www.uniqagroup.com
ISIN:	AT0000821103
WKN:	928900
Indices:	ATX
Listed:	Vienna Stock Exchange (Official Market)
EQS News ID:	1302855

End of Announcement EQS News Service