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

[the German Securities Trading Act]

2014/05/12

Wertpapierkennnummer 843002
ISIN DE0008430026

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

1. Listed company:

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

2. Notifier:

Commerzbank Aktiengesellschaft, Frankfurt, Deutschland

3. Triggering event:

Exceeding threshold

4. Threshold(s) crossed or reached:

5% and 10%

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

5 May 2014

6. Total amount of voting rights:

7.74% (equals 13,392,995 voting rights)
calculated from the following total number of voting rights issued: 172,942,618

7. Detailed information on the voting rights proportion:

Voting rights proportion based on financial/other instruments pursuant to sec. 25 WpHG:
2.43 % (equals 4,199,100 voting rights)
thereof held indirectly: 0.00% (equals 0 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
5.32 % (9,193,895 voting rights)

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

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

- Reclaim of securities lending, maturity up to further
- Call Option, physical settlement, expiration date 16 May 2014
- Call Option, physical settlement, expiration date 20 June 2014
- Call Option, physical settlement, expiration date 18 July 2014
- Call Option, physical settlement, expiration date 19 September 2014
- Call Option, physical settlement, expiration date 19 December 2014
- Call Option, physical settlement, expiration date 20 March 2015
- Call Option, physical settlement, expiration date 19 June 2015
- Call Option, physical settlement, expiration date 18 December 2015

Munich, 12 May 2014

The Board of Management