28 November 2017, Budapest Memorandum of Understanding for Business Cooperation between China Re and the subsidiary of CIG Pannónia Life Insurance Plc. CIG Pannónia Life Insurance Plc. (registered seat: H-1033 Budapest, Flórián tér 1.; company registry number: Cg.01-10-045857; hereinafter: the “Company”) hereby notifies its shareholders and other capital market participants that CIG Pannonia First Hungarian General Insurance cPlc. (hereinafter referred to as „EMABIT”), the 100% non-life insurance subsidiary of the Company signed a Memorandum of Understanding for Business Cooperation with China Reinsurance (Group) Corporation (hereinafter: „China Re”) today. The Memorandum of Understanding was ceremonially signed by Yuan Linjiang, Chairman of China Re, Dr. Gabriella Kádár, Chairman of the Board of Directors of CIG Pannónia EMABIT, and Zoltán Busa, CEO of CIG Pannónia EMABIT. The two companies demonstrated their willingness to cooperate in the presence of senior representatives of the National Bank of Hungary - Dr. Ferenc Szebelédi, Head of Insurance Supervision Department and Dr. Csaba Kandrács, Executive Director of Financial Institutions Supervision - and Huang Hong, Vice Chairman of the Chinese Insurance Regulatory Commission. In the framework of the cooperation the parties jointly work together on the development of serving the insurance and reinsurance needs of companies and investments of Chinese interest in Hungary. CIG Pannónia Life Insurance Plc. Disclaimer: All information contained within this article is for information purposes only, and shall not be considered an official translation of the official communication referred to herein. This document does not include the integral wording of the official communication referred to herein, the original Hungarian language version of it remains to be the solely legally binding material in the subject matter. For further information, please do not hesitate to contact us. .