UNITY RE TO INCREASE ITS PAID UP CAPITAL UP TO 750 MLN RUR

In July, 2010 the Board of Directors of Unity Re made adopted the
increase of the company’s paid up capital by 2,5 times.

This increasing will be implemented in two steps: within the 3rd
quarter 2010 - to 500 million RUR; and within 2011 - to 750 million
RUR.

Svetlana Shehovtsova, CEO of Unity Re:
«This decision has been discussed and planned for a long time. It is
necessary to outline, that it is grounded not only by the incoming new
capital requirements at 2012, but also by the implementation of long 
term plans to strengthen and develop our company’s position among
specialist Russian reinsurers.

Capitalization growth is predetermined by the tendencies of the
domestic insurance market development and the need for overall
capacity increase. It would also complement to our further integrating
into world reinsurance community actively.

We consider the forthcoming increase of capital to be a result of the
company’s dynamic development during the last years. Adopting this
decision, our shareholders once again confirmed their serious plans
on the further development of Unity Re»

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

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