A profit warning has been sent by VIG to investors before 3Q13 results due NOV-28. VIG said volatilities in the result should be expected due to the continuing difficult market conditions in Romania and the adverse situation of Donau Versicherung’s motor insurance business in Italy. / Should be NEGATIVE for shares at least in the short-term. Please note that VIG had already taken a „precautionary measure“ of 50 mln. EUR in Romania and Italy in addition to 75 mln. EUR goodwill impairment in Romania which has sent 2Q13 net profir to 17 mln. EUR only (vs. 114 in 2Q12). A similar threat may be expected in 3Q13 numbers after the warning.