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

[the German Securities Trading Act]

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:

10 December 2014

6. Total amount of voting rights:

5.54% (equals 9,580,075 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:
0.03% (equals 56,000 voting rights)
thereof held indirectly: 0.03% (equals 56,000 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
5.51% (9,524,075 voting rights)

8. Detailed information on financial/other instruments:

Chain of controlled undertakings:
BlackRock Holdco 2 Inc., BlackRock Financial Management Inc., BlackRock
Holdco 4 LLC, BlackRock Holdco 6 LLC, BlackRock Delaware Holdings Inc.,
BlackRock Institutional Trust Company National Association

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:

10 December 2014

6. Total amount of voting rights:

5.44% (equals 9,405,606 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:
0.03% (equals 56,000 voting rights)
thereof held indirectly: 0.03% (equals 56,000 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
5.41% (9,349,606 voting rights)

8. Detailed information on financial/other instruments:

Chain of controlled undertakings:
BlackRock Financial Management Inc., BlackRock Holdco 4 LLC, BlackRock
Holdco 6 LLC, BlackRock Delaware Holdings Inc., BlackRock Institutional
Trust Company National Association

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:

10 December 2014

6. Total amount of voting rights:

5.42% (equals 9,365,806 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:
0.03% (equals 56,000 voting rights)
thereof held indirectly: 0.03% (equals 56,000 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
5.38% (9,309,806 voting rights)

8. Detailed information on financial/other instruments:

Chain of controlled undertakings:
BlackRock Holdco 4 LLC, BlackRock Holdco 6 LLC, BlackRock Delaware Holdings
Inc., BlackRock Institutional Trust Company National Association

Munich, 15 December 2014
The Board of Management

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