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

[the German Securities Trading Act]

WKN 843002
ISIN DE0008430026

We received the following notifications pursuant to sec. 25a para. 1 WpHG on 8 May 2014:

Notification I:

1. Listed company:

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Königinstraße 107, 80802 Munich, Germany

2. Notifier:

UBS AG, Zurich, Switzerland

3. Triggering event:

Exceeding threshold

4. Threshold(s) crossed or reached:

5%

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

2 May 2014

6. Total amount of voting rights:

5.35% (equals 9259585 voting rights)
calculated from the following total number of voting rights issued:
172942618

7. Detailed information on the voting rights proportion:

Voting rights proportion based on financial/other instruments pursuant to sec. 25a WpHG:
1.86% (equals 3222096 voting rights)
thereof held indirectly: 0.00% (equals 0 voting rights)

Voting rights proportion based on financial/other instruments pursuant to sec. 25 WpHG:
1.15% (equals 1989299 voting rights)
thereof held indirectly: 0.00% (equals 0 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
2.34% (4048190 voting rights)

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

ISIN or name/description of the financial/other instrument:

- Physical Settled Short Put Option, expiry 20 June 2014
- Physical Settled Short Put Option, expiry 19 September 2014
- Physical Settled Short Put Option, expiry 19 June 2015
- Physical Settled Short Put Option, expiry 19 December 2014
- Physical Settled Short Put Option, expiry 18 December 2015
- Physical Settled Short Put Option, expiry 16 December 2016
- Equity Future, expiry 20 June 2014
- Equity Future, expiry 16 May 2014
- Equity Swap, expiry 30 June 2015
- Equity Swap, expiry 03 July 2017
- Equity Swap, expiry 19 February 2015
- Equity Swap, expiry 01 April 2016
- Equity Swap, expiry 05 January 2017
- Equity Swap, expiry 15 January 2018
- Equity Swap, expiry 14 November 2016
- Equity Swap, expiry 22 February 2018
- Equity Swap, expiry 10 January 2018
- Equity Swap, expiry 04 February 2015
- Equity Swap, expiry 05 May 2014

Notification II:

1. Listed company:

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Königinstraße 107, 80802 Munich, Germany

2. Notifier:

UBS AG, Zurich, Switzerland

3. Triggering event:

Falling below threshold

4. Threshold(s) crossed or reached:

5%

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

6 May 2014

6. Total amount of voting rights:

3.78% (equals 6535823 voting rights)
calculated from the following total number of voting rights issued:
172942618

7. Detailed information on the voting rights proportion:

Voting rights proportion based on financial/other instruments pursuant to sec. 25a WpHG:
0.48% (equals 824433 voting rights)
thereof held indirectly: 0.00% (equals 0 voting rights)

Voting rights proportion based on financial/other instruments pursuant to sec. 25 WpHG:
1.02% (equals 1765717 voting rights)
thereof held indirectly: 0.00% (equals 0 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
2.28% (equals 3945673 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:

- Physical Settled Short Put Option, expiry 20 June 2014
- Physical Settled Short Put Option, expiry 19 September 2014
- Physical Settled Short Put Option, expiry 19 June 2015
- Physical Settled Short Put Option, expiry 19 December 2014
- Physical Settled Short Put Option, expiry 18 December 2015
- Physical Settled Short Put Option, expiry 16 December 2016
- Equity Future, expiry 20 June 2014
- Equity Future, expiry 16 May 2014
- Equity Swap, expiry 30 June 2015
- Equity Swap, expiry 03 July 2017
- Equity Swap, expiry 19 February 2015
- Equity Swap, expiry 01 April 2016
- Equity Swap, expiry 15 January 2018
- Equity Swap, expiry 22 February 2018
- Equity Swap, expiry 10 January 2018

Munich, 9 May 2014

The Board of Management

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