UNITY RE RESULTS FOR 1H 2008

Unity Re reported the preliminary results for 1H 2008.

Total gross written premium for 1H 2008 amounted to 600,87 million RUR
(26,12 million USD) and was written under 2,9 thousand reinsurance
contracts from over 300 partners from Russia, CIS and overseas.

The major portfolio share, as well as for 2007, refers to Property &
Engineering business – over 50%. Over 90% of business is still concentrated
with Russia & CIS.

During 1H 2008, there were settled over 560 claims with overall paid amount
of 115,64 million RUR (5,03 million USD).

Among all the paid claims, there were more than 10 settlements with Unity
Re’s recovery amounts of over 1,5 million RUR (65,22 thousand USD) and
four settlements with amounts of over 6,0 million RUR (0,261 million USD).
Two largest claim payments for 1H 2008 amounted to 7 million RUR (0,3
million USD) each and refered to Marine treaty business (crash of vessel and
theft of cargo during transportation).

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Last modifeid 01/01/1970 03:00:00 AM

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