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

[the German Securities Trading Act]

2014/05/21

Wertpapierkennnummer 843002
ISIN DE0008430026

We received the following notifications pursuant to sec. 25 para. 1 WpHG on 16 May 2014:

1. Listed company:

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

2. Notifier:

Commerzbank Aktiengesellschaft, Frankfurt a.M., Germany

3. Triggering event:

Falling below threshold

4. Threshold(s) crossed or reached:

5%

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

9 May 2014

6. Total amount of voting rights:

0% (equals 0 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:
0.00% (equals 0 voting rights)
thereof held indirectly: 0.00% (equals 0 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
0.27% (462,750 voting rights)

8. Detailed information on financial/other instruments:

-

Munich, 21 May 2014

The Board of Management