Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

01.09.2005

The correct wording of the third paragraph on page one must be: The
Group's consolidated profit on ordinary activities - for the first
time on an IFRS basis - amounted to EUR 125.26 million. Thus, a
significant increase of close to 80 percent (NOT: EUR 80 million) was
achieved compared to the reporting period of the previous year.

end of announcement                               euro adhoc 01.09.2005 17:32:11

Further inquiry note:

Wiener Städtische Presseabteilung
Mag. Barbara Hagen-Grötschnig
Tel.: (01) 531 39-1027
Fax: (01) 531 39-3134
E-Mail: b.hagen@staedtische.co.at

Branche: Insurance
ISIN: AT0000908504
WKN:
Index: ATX Prime
Börsen: Berliner Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / free trade
Wiener Börse AG / official market