We declare to the best of our knowledge that the consolidated financial statements prepared in accordance with applicable accounting standards give a true and fair view of the Group’s net assets, financial position and results of operations, the Group management report presents the business development, performance and position of the Group so as to give a true and fair view of its net assets, financial position and results of operations, and the Group management report provides a description of the principal risks and uncertainties to which the Group is exposed.

The declaration for the annual financial statements of VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe is issued in the annual report of this company.

The Managing Board:

Dr. Günter Geyer
General Manager, CEO
Chairman of the Managing Board

                       Dr. Peter Hagen                                                                        Dr. Martin Simhandl
               Deputy General Manager                                                                              CFO
         Member of the Managing Board                                                 Member of the Managing Board

       Ing. Martin Diviš, MBA                                  Franz Fuchs                                     Mag. Peter Höfinger
Member of the Managing Board         Member of the Managing Board        Member of the Managing Board    

Vienna, 14 March 2011

Managing Board areas of responsibility:

Dr. Günter Geyer: Group management, strategic planning, public relations, marketing, sponsoring, legal matters, human resources; Country responsibilities: Austria (including branch offices in Italy and Slovenia), Slovakia
Dr. Peter Hagen: Group cost structure, Group IT/Back Office, SAP Smile Solutions, VIG RE, internal capital model project (Solvency II project)
Dr. Martin Simhandl: asset management, asset risk management, equity investment management, finance and accounting; Country responsibilities: Germany, Liechtenstein, Turkey
Ing. Martin Diviš, MBA: performance management motor vehicle insurance; Country responsibilities: Georgia, Czech Republic, Ukraine
Franz Fuchs: performance management personal insurance; Country responsibilities: Baltic States, Poland, Romania
Mag. Peter Höfinger: international corporate and large customer business, Vienna International Underwriters (VIU), reinsurance; Country responsibilities: Bulgaria, Montenegro, Russia, Serbia, Hungary, Belarus