CIG Pannonia Life Insurance Plc. notifies its Esteemed Shareholders and capital market players that the Board of Directors has appointed in a Decision a new Chief Operating Officer, in order to increase further the efficiency of its operations.

With the aim of making more effective use of the operational synergies within the corporate group, the Company has placed the operating activities of the Company and the general insurance subsidiary under common management, and has appointed Mr Balazs Birkas to be the new Deputy CEO in charge of operations.

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HUNGARY: CIG Pannonia Life has a new COO