DGAP-CMS: Münchener Rückversicherungs-Gesellschaft

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München / Bekanntmachung gemäß Art. 4 Abs. 2 der Verordnung (EG) Nr. 2273/2003 13.05.2014 13:40 Dissemination of a Post-admission Duties announcement, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München WKN 843002 / ISIN DE0008430026 Disclosure according to Section 4 para. 2 of Regulation (EC) No. 2273/2003 The Board of Management of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München ('Munich Re') resolved on 20 March 2014 that up to 13,000,000 Munich Re shares (ISIN DE0008430026) will be acquired for a maximum total purchase price (excluding incidental expenses) of EUR 1 bn via the stock exchange at the conditions stated below in period between 1 May 2014 and, at the latest, the Annual General Meeting on 23 April 2015. The shares may also be acquired using derivatives in the form of put options, call options or a combination of both in accordance with the authorisation granted by the Annual General Meeting on 30 April 2014. The Company may acquire own shares up to a maximum of 5% of the share capital at the time of the authorisation (30 April 2014) using options. If shares are bought back using options, the purchase price to be paid shall be the option exercise price (excluding incidental expenses). The Board of Management is thus availing itself of the authorisation to buy back shares granted by the Annual General Meeting on 30 April 2014. The share buy-back for a maximum total purchase price (excluding incidental expenses) of EUR 1 bn shall be carried out in several tranches. The first tranche with a maximum total purchase price (excluding incidental expenses) of EUR 250 mio. will be carried out in the period between 14 May 2014 and 08 August 2014 at the conditions stated below. The buy-back will be carried out in accordance with Section 14 para. 2 and Section 20 a para. 3 of the German Securities Trading Act in conjunction with the rules of Commission Regulation (EC) No. 2273/2003 of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments (hereinafter: EC Regulation 2273/2003). The buy-back may be carried out on behalf of and for the account of Munich Re using one or more independent banks. The banks are obliged to carry out the acquisition of Munich Re shares in keeping with the above-mentioned rules and to comply with the provisions of the Annual General Meeting authorisation of 20 April 2011. The banks will make their decisions regarding the timing of share acquisitions independently of and without influence by Munich Re, as per Article 6 para. 3 b) of EC Regulation 2273/2003. Munich Re will thus not exercise control over the banks' decisions in this respect. The Board of Management may stop the share buy-back programme and - subject to the insider trading rules of the German Securities Trading Act - resume it at any time. In particular, the banks are obliged to observe the trading conditions of Article 5 of EC Regulation 2273/2003 and the conditions of this share buy-back programme. The purpose of the share buy-back is to retire the repurchased shares in order to optimise the Company's capital structure. Independent of the present share buy-back programme, companies of the Munich Re Group buy and sell own shares to a minor extent on an ongoing basis for employee share pro-grammes and to safeguard stock appreciation rights from the long-term incentive plan for the Board of Management and top executives. In so doing, they comply with the conditions of the authorisation granted by the Annual General Meeting on 30 April 2014. The transactions will be published in accordance with EC Regulation 2273/2003; Munich Re will provide regular information on the progress of the share buy-back programme at www.munichre.com. Munich, 13 May 2014 The Board of Management 13.05.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Königinstraße 107 80802 München Germany Internet: www.munichre.com End of Announcement DGAP News-Service ---------------------------------------------------------------------------