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

[the German Securities Trading Act]

2014/10/28

WKN 843002
ISIN DE0008430026

We received the following notifications pursuant to sec. 25 para. 1 WpHG:

Notification I:

1. Listed company:

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

2. Notifier:

BlackRock Inc., New York, NY, USA

3. Triggering event:

Exceeding threshold

4. Threshold(s) crossed or reached:

5%

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

23 October 2014

6. Total amount of voting rights:

5.96% (equals 10,311,657 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:
0.01% (equals 11,752 voting rights)
thereof held indirectly: 0.01% (equals 11,752 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
5.96% (10,299,905 voting rights)

8. Detailed information on financial/other instruments:

Chain of controlled undertakings:
BlackRock Holdco 2 Inc., BlackRock Financial Management Inc., BlackRock
Advisors Holdings Inc., BlackRock International Holdings Inc., BR Jersey
International Holdings L.P., BlackRock Group Limited, BlackRock
International Limited, BlackRock Life Limited

Notification II:

1. Listed company:

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

2. Notifier:

BlackRock Holdco 2 Inc., Wilmington, DE, USA

3. Triggering event:

Exceeding threshold

4. Threshold(s) crossed or reached:

5%

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

23 October 2014

6. Total amount of voting rights:

5.86% (equals 10,136,793 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:
0.01% (equals 11,752 voting rights)
thereof held indirectly: 0.01% (equals 11,752 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
5.85% (10,125,041 voting rights)

8. Detailed information on financial/other instruments:

Chain of controlled undertakings:
BlackRock Financial Management Inc., BlackRock Advisors Holdings Inc.,
BlackRock International Holdings Inc., BR Jersey International Holdings
L.P., BlackRock Group Limited, BlackRock International Limited, BlackRock
Life Limited

Notification III:

1. Listed company:

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

2. Notifier:

BlackRock Financial Management Inc., New York, NY, USA

3. Triggering event:

Exceeding threshold

4. Threshold(s) crossed or reached:

5%

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

23 October 2014

6. Total amount of voting rights:

5.85% (equals 10,122,952 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:
0.01% (equals 11,752 voting rights)
thereof held indirectly: 0.01% (equals 11,752 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
5.85% (10,111,200 voting rights)

8. Detailed information on financial/other instruments:

Chain of controlled undertakings:
BlackRock Advisors Holdings Inc., BlackRock International Holdings Inc., BR
Jersey International Holdings L.P., BlackRock Group Limited, BlackRock
International Limited, BlackRock Life Limited

Munich, 28 October 2014
The Board of Management