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

[the German Securities Trading Act]


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    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. 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:

    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