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Portfolio Transfer from MAPFRE GLOBAL RISKS, COMPAÑIA INTERNACIONAL DE SEGUROS Y REASEGUROS, S.A. to MAPFRE ESPAÑA, COMPAÑIA DE SEGUROS Y REASEGUROS, S.A.

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MAPFRE GLOBAL RISKS, COMPAÑIA INTERNACIONAL DE SEGUROS Y REASEGUROS, S.A. with its registered office at Carretera de Pozuelo, 52, 28222 Majadahonda, Madrid, Spain, intends to transfer its entire non-life insurance portfolio to MAPFRE ESPAÑA, COMPAÑIA DE SEGUROS Y REASEGUROS, S.A. with its registered office at Carretera de Pozuelo 50, Majadahonda, 28222, Madrid, Spain, by way of a demerger by way of universal succession.

According to information from the Spanish supervisory authority, contracts are also affected with insurance policyholders in Austria.

Due to the existence of a universal succession, termination rights pursuant to Article 31 para. 4 of the Insurance Supervision Act 2016 (VAG 2016; Versicherungsaufsichtsgesetz 2016) do not exist for policyholders.