Dividend Notice 2006
Münchener Rückversicherungs–Gesellschaft Aktiengesellschaft in München
— ISIN DE0008430026 (WKN 843 002) —
Dividend Notice
The Annual General Meeting of Shareholders on 19 April 2006 voted for a
dividend of €3.10 per share to be paid on each share entitled to dividend.
Payment of the dividend, which will be subject to deduction of 20% German
withholding tax and 5.5% solidarity surcharge on the tax withheld (a total of
21.1%), will be made as from 20 April 2006 as follows:
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For registered shares held in joint custody in the German giro transfer
system, the dividend will be paid via Clearstream Banking AG, Frankfurt, to the
shareholders' banks, which will credit the relevant amounts to the shareholders'
accounts.
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Payment for shares still held in certificated form will be made against
submission of Dividend Coupon No. 9 to the following paying agent:
Bayerische Hypo– und Vereinsbank AG
with all of its branches
Shareholders subject to taxation in Germany can offset the tax withheld
against assessed tax in their assessment for German income tax or corporation
tax. The solidarity surcharge withheld can be offset against the assessed
solidarity surcharge. No imputation tax credit is involved in the dividend
payment.
Withholding tax and solidarity surcharge will not be withheld in the case of
shareholders liable to German taxation who have given their bank a
"Nichtveranlagungsbescheinigung" (certificate from the German tax authorities
that they are not subject to an assessment procedure). The same applies to such
shareholders who have submitted a "Freistellungsauftrag" (German application for
exemption from withholding tax).
For shareholders subject to tax assessment in Germany, the dividend will be
taxable in accordance with the provisions of German corporation and income tax
law (half–income method).
In accordance with Section 37 of the German Corporation Tax Act, the amount
by which corporation tax is diminished is €0.0709 per share.
Munich, April 2006
The Board of Management