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

[the German Securities Trading Act]

2012/05/21

WKN 843002
ISIN DE0008430026

We received the following notifications (I to VI) pursuant to sec. 25a 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:

11 May 2012

6. Total amount of voting rights:

8.03% (equals 14,396,527 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:
3.96% (equals 7,104,070 voting rights)
thereof held indirectly:
1.31% (equals 2,352,462 voting rights)

Voting rights proportion based on financial/other instruments pursuant to sec. 25 WpHG:
4.07% (equals 7,292,457 voting rights)
thereof held indirectly:
1.29% (equals 2,304,637 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
0.00% (equals 0 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 UK Group, London, UK

3. Triggering event:

Exceeding threshold

4. Threshold(s) crossed or reached:

5%

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

11 May 2012

6. Total amount of voting rights:

8.03% (equals 14,396,527 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:
3.96% (equals 7,104,070 voting rights)
thereof held indirectly:
3.96% (equals 7,104,070 voting rights)

Voting rights proportion based on financial/other instruments pursuant to sec. 25 WpHG:
4.07% (equals 7,292,457 voting rights)
thereof held indirectly:
4.07% (equals 7,292,457 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
0.00% (equals 0 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 UK Group, London, UK

3. Triggering event:

Exceeding threshold

4. Threshold(s) crossed or reached:

5%

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

11 May 2012

6. Total amount of voting rights:

8.11% (equals 14,539,704 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:
3.96% (equals 7,104,070 voting rights)
thereof held indirectly:
3.96% (equals 7,104,070 voting rights)

Voting rights proportion based on financial/other instruments pursuant to sec. 25 WpHG:
4.07% (equals 7,292,457 voting rights)
thereof held indirectly:
4.07% (equals 7,292,457 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
0.08% (equals 143,177 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 UK Group, London, UK

3. Triggering event:

Exceeding threshold

4. Threshold(s) crossed or reached:

5%

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

11 May 2012

6. Total amount of voting rights:

8.11% (equals 14,539,704 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:
3.96% (equals 7,104,070 voting rights)
thereof held indirectly:
3.96% (equals 7,104,070 voting rights)

Voting rights proportion based on financial/other instruments pursuant to sec. 25 WpHG:
4.07% (equals 7,292,457 voting rights)
thereof held indirectly:
4.07% (equals 7,292,457 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
0.08% (equals 143,177 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:

11 May 2012

6. Total amount of voting rights:

8.20% (equals 14,697,700 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:
3.96% (equals 7,104,070 voting rights)
thereof held indirectly:
3.96% (equals 7,104,070 voting rights)

Voting rights proportion based on financial/other instruments pursuant to sec. 25 WpHG:
4.12% (equals 7,403,457 voting rights)
thereof held indirectly:
4.12% (equals 7,403,457 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
0.11% (equals 190,173 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:

11 May 2012

6. Total amount of voting rights:

8.37% (equals 15,004,184 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:
3.96% (equals 7,104,070 voting rights)
thereof held indirectly:
3.96% (equals 7,104,070 voting rights)

Voting rights proportion based on financial/other instruments pursuant to sec. 25 WpHG:
4.21% (equals 7,556,187 voting rights)
thereof held indirectly:
4.21% (equals 7,556,187 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
0.19% (equals 343,927 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):

§ 25 WpHG:

Physically-Settled Call Options
Expiration Date: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

§ 25a WpHG:

Cash-Settled Call Options
Expiration Dates: 21 December 2012, 16 April 2013. 20 December 2013, 05
October 2015, 19 December 2019

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

Cash-Settled Swaps
Expiration Dates: 16 December 2013

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, 21 May 2012

The Board of Management