Release of an announcement according to Section 25a, para. 1 of the WpHG

[the German Securities Trading Act]

2012/05/04

WKN 843002
ISIN DE0008430026

We received the following four notifications pursuant to sec. 25 WpHG:

Notification I:

1. Listed company:

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Königinstraße 107, 80802 München, Deutschland

2. Notifier:

 Morgan Stanley & Co International Plc, London, UK

3. Triggering event:

Exceeding threshold

4. Threshold(s) crossed or reached:

5%

5. Date at which the threshold is crossed or reached:

24.04.2012

6. Total amount of voting rights:

6.84% (equals 12,772,542 voting rights)
calculated from the following total number of voting rights issued: 179,341,212

7. Detailed information on the voting rights proportion:

Voting rights proportion based on financial/other instruments pursuant to sec. 25a WpHG:
3.80% (equals 6,808,530 voting rights)
thereof held indirectly:
0.84% (equals 1,514,404 voting rights)

Voting rights proportion based on financial/other instruments pursuant to sec. 25 WpHG:
3.04% (equals 5,455,468 voting rights)
thereof held indirectly:
0.11% (equals 200,000 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
0.00% (equals 8,544 voting rights)

8. Detailed information on financial/other instruments pursuant to sec. 25a WpHG:

Chain of controlled undertakings:
-

ISIN or name/description of the financial/other instrument:
See at the end of notification

Notification II:

1. Listed company:

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Königinstraße 107, 80802 München, Deutschland

2. Notifier:

 Morgan Stanley & Co International Plc, London, UK

3. Triggering event:

Exceeding threshold

4. Threshold(s) crossed or reached:

5%

5. Date at which the threshold is crossed or reached:

24.04.2012

6. Total amount of voting rights:

6.84% (equals 12,772,542 voting rights)
calculated from the following total number of voting rights issued: 179,341,212

7. Detailed information on the voting rights proportion:

Voting rights proportion based on financial/other instruments pursuant to sec. 25a WpHG:
3.80% (equals 6,808,530 voting rights)
thereof held indirectly:
3.80% (equals 6,808,530 voting rights)

Voting rights proportion based on financial/other instruments pursuant to sec. 25 WpHG:
3.04% (equals 5,455,468 voting rights)
thereof held indirectly:
3.04% (equals 5,455,468 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
0.00% (equals 8,544 voting rights)

8. Detailed information on financial/other instruments pursuant to sec. 25a WpHG:

Chain of controlled undertakings:
Morgan Stanley & Co International Plc

ISIN or name/description of the financial/other instrument:
See at the end of notification

Notification III:

1. Listed company:

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Königinstraße 107, 80802 München, Deutschland

2. Notifier:

Morgan Stanley Group (Europe), London, UK

3. Triggering event:

Exceeding threshold

4. Threshold(s) crossed or reached:

5%

5. Date at which the threshold is crossed or reached:

24.04.2012

6. Total amount of voting rights:

6.92% (equals 12,415,719 voting rights)
calculated from the following total number of voting rights issued: 179,341,212

7. Detailed information on the voting rights proportion:

Voting rights proportion based on financial/other instruments pursuant to sec. 25a WpHG:
3.80% (equals 6,808,530 voting rights)
thereof held indirectly:
3.80% (equals 6,808,530 voting rights)

Voting rights proportion based on financial/other instruments pursuant to sec. 25 WpHG:
3.04% (equals 5,455,468 voting rights)
thereof held indirectly:
3.04% (equals 5,455,468 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
0.08% (equals 151,721 voting rights)

8. Detailed information on financial/other instruments pursuant to sec. 25a WpHG:

Chain of controlled undertakings:
Morgan Stanley & Co International Plc, Morgan Stanley UK Group

ISIN or name/description of the financial/other instrument:
See at the end of notification

Notification IV:

1. Listed company:

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Königinstraße 107, 80802 München, Deutschland

2. Notifier:

Morgan Stanley International Limited, London, UK

3. Triggering event:

Exceeding threshold

4. Threshold(s) crossed or reached:

5%

5. Date at which the threshold is crossed or reached:

24.04.2012

6. Total amount of voting rights:

6.92% (equals 12,415,719 voting rights)
calculated from the following total number of voting rights issued: 179,341,212

7. Detailed information on the voting rights proportion:

Voting rights proportion based on financial/other instruments pursuant to sec. 25a WpHG:
3.80% (equals 6,808,530 voting rights)
thereof held indirectly:
3.80% (equals 6,808,530 voting rights)

Voting rights proportion based on financial/other instruments pursuant to sec. 25 WpHG:
3.04% (equals 5,455,468 voting rights)
thereof held indirectly:
3.04% (equals 5,455,468 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
0.08% (equals 151,721 voting rights)

8. Detailed information on financial/other instruments pursuant to sec. 25a WpHG:

Chain of controlled undertakings:
Morgan Stanley & Co International Plc, Morgan Stanley UK Group, Morgan Stanley Group (Europe)

ISIN or name/description of the financial/other instrument:
See at the end of notification

Notification V

1. Listed company:

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Königinstraße 107, 80802 München, Deutschland

2. Notifier:

Morgan Stanley International Holdings Inc, Delaware, USA

3. Triggering event:

Exceeding threshold

4. Threshold(s) crossed or reached:

5%

5. Date at which the threshold is crossed or reached:

24.04.2012

6. Total amount of voting rights:

7.29% (equals 13,075,338 voting rights)
calculated from the following total number of voting rights issued: 179,341,212

7. Detailed information on the voting rights proportion:

Voting rights proportion based on financial/other instruments pursuant to sec. 25a WpHG:
3.80% (equals 6,808,530 voting rights)
thereof held indirectly:
3.80% (equals 6,808,530 voting rights)

Voting rights proportion based on financial/other instruments pursuant to sec. 25 WpHG:
3.38% (equals 6,069,330 voting rights)
thereof held indirectly:
3.38% (equals 6,069,330 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
0.11% (equals 197,478 voting rights)

8. Detailed information on financial/other instruments pursuant to sec. 25a WpHG:

Chain of controlled undertakings:
Morgan Stanley & Co International Plc, Morgan Stanley UK Group, Morgan Stanley Group (Europe), Morgan Stanley International Limited

ISIN or name/description of the financial/other instrument:
See at the end of notification

Notification VI

1. Listed company:

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Königinstraße 107, 80802 München, Deutschland

2. Notifier:

Morgan Stanley, Delaware, USA

3. Triggering event:

Exceeding threshold

4. Threshold(s) crossed or reached:

5%

5. Date at which the threshold is crossed or reached:

24.04.2012

6. Total amount of voting rights:

8.71% (equals 15,627,057 voting rights)
calculated from the following total number of voting rights issued: 179,341,212

7. Detailed information on the voting rights proportion:

Voting rights proportion based on financial/other instruments pursuant to sec. 25a WpHG:
3.80% (equals 6,808,530 voting rights)
thereof held indirectly:
3.80% (equals 6,808,530 voting rights)

Voting rights proportion based on financial/other instruments pursuant to sec. 25 WpHG:
4.69% (equals 8,406,878 voting rights)
thereof held indirectly:
4.69% (equals 8,406,878 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
0.23% (equals 411,649 voting rights)

8. Detailed information on financial/other instruments pursuant to sec. 25a WpHG:

Chain of controlled undertakings:
Morgan Stanley & Co International Plc, Morgan Stanley UK Group, Morgan Stanley Group (Europe), Morgan Stanley International Limited, Morgan Stanley International Holdings Inc

ISIN or name/description of the financial/other instrument:
See at the end of notification

ISIN or name/description of the financial/other instrument (relevant for all notices I to VI):

Section 25 WpHG:

Physically-Settled Call Options
Expiration dates: 02 May 2012, 18 May 2012, 15 June 2012, 14 December 2012, 21 December 2012, 15 March 2013

Retransfer claims
Expiration date: Various contracts that can be exercised at the lenders discretion

Section 25a WpHG:

Cash-Settled Call Options
Expiration date: 21 December 2012

Physically Settled Put Options
Expiration dates: 02 May 2012, 18 May 2012, 15 June 2012, 21 December 2012

Cash-Settled Swaps
Expiration dates: 10 January 2013, 16 December 2013, 13 January 2014, 30 September 2015

Cash-Settled Put Options
Expiration dates: 15 June 2012, 22 June 2012

Cash-Settled Futures
Expiration dates: 18 May 2012, 15 June 2012, 20 July 2012

Munich, 4 May 2012

The Board of Management