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

[the German Securities Trading Act]

WKN 843002
ISIN DE0008430026
(UBS)

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

Notification I:

1. Listed company:

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

2. Notifier:

UBS Group AG, Zurich, Switzerland

3. Triggering event:

Exceeding threshold

4. Threshold(s) crossed or reached:

5%

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

27 April 2015

6. Total amount of voting rights:

5.22% (equals 8,713,158 voting rights)
calculated from the following total number of voting rights issued:
166,843,961

7. Detailed information on the voting rights proportion:

Voting rights proportion based on financial/other instruments pursuant to sec. 25a WpHG:
2.13% (equals 3,550,000 voting rights)
thereof held indirectly: 2.13% (equals 3,550,000 voting rights)

Voting rights proportion based on financial/other instruments pursuant to sec. 25 WpHG:
0.31% (equals 509,871 voting rights)
thereof held indirectly: 0.31% (equals 509,871 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
2.79% (equals 4,653,287 voting rights)

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

Chain of controlled undertakings:
UBS AG

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

- Physically Settled Short Put Option, expiry 17 June 2016
- Physically Settled Short Put Option, expiry 19 June 2015
- Physically Settled Short Put Option, expiry 16 December 2016
- Physically Settled Short Put Option, expiry 18 December 2015
- Physically Settled Short Put Option, expiry 18 September 2015
- Equity Future, expiry 15 May 2015
- Equity Future, expiry 19 June 2015
- Call Option, expiry 19 June 2015
- Call Option, expiry 17 July 2015
- Equity Swap, expiry 01 May 2015
- Equity Swap, expiry 28 April 2015

Notification II:

1. Listed company:

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

2. Notifier:

UBS AG, Zurich, Switzerland

3. Triggering event:

Exceeding threshold

4. Threshold(s) crossed or reached:

5%

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

27 April 2015

6. Total amount of voting rights:

5.22% (equals 8,713,158 voting rights)
calculated from the following total number of voting rights issued:
166,843,961

7. Detailed information on the voting rights proportion:

Voting rights proportion based on financial/other instruments pursuant to sec. 25a WpHG:
2.13% (equals 3,550,000 voting rights)
thereof held indirectly: 0.00% (equals 0 voting rights)

Voting rights proportion based on financial/other instruments pursuant to sec. 25 WpHG:
0.31% (equals 509,871 voting rights)
thereof held indirectly: 0.00% (equals 0 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
2.79% (equals 4,653,287 voting rights)

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

Chain of controlled undertakings:

ISIN or name/description of the financial/other instrument:
- Physically Settled Short Put Option, expiry 17 June 2016
- Physically Settled Short Put Option, expiry 19 June 2015
- Physically Settled Short Put Option, expiry 16 December 2016
- Physically Settled Short Put Option, expiry 18 December 2015
- Physically Settled Short Put Option, expiry 18 September 2015
- Equity Future, expiry 15 May 2015
- Equity Future, expiry 19 June 2015
- Call Option, expiry 19 June 2015
- Call Option, expiry 17 July 2015
- Equity Swap, expiry 01 May 2015
- Equity Swap, expiry 28 April 2015

Notification III:

1. Listed company:

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

2. Notifier:

UBS Group AG, Zurich, Switzerland

3. Triggering event:

Falling below threshold

4. Threshold(s) crossed or reached:

5%

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

28 April 2015

6. Total amount of voting rights:

3.93% (equals 6,555,849 voting rights)
calculated from the following total number of voting rights issued:
166,843,961

7. Detailed information on the voting rights proportion:

Voting rights proportion based on financial/other instruments pursuant to sec. 25a WpHG:
0.48% (equals 800,000 voting rights)
thereof held indirectly: 0.48% (equals 800,000 voting rights)

Voting rights proportion based on financial/other instruments pursuant to sec. 25 WpHG:
0.30% (equals 507,417 voting rights)
thereof held indirectly: 0.30% (equals 507,417 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
3.15% (equals 5,248,432 voting rights)

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

Chain of controlled undertakings:
UBS AG

ISIN or name/description of the financial/other instrument:
- Physically Settled Short Put Option, expiry 17 June 2016
- Physically Settled Short Put Option, expiry 19 June 2015
- Physically Settled Short Put Option, expiry 16 December 2016
- Physically Settled Short Put Option, expiry 18 December 2015
- Physically Settled Short Put Option, expiry 18 September 2015
- Equity Future, expiry 15 May 2015
- Equity Future, expiry 19 June 2015
- Call Option, expiry 19 June 2015
- Call Option, expiry 17 July 2015
- Equity Swap, expiry 01 May 2015

Notification IV:

1. Listed company:

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

2. Notifier:

UBS AG, Zurich, Switzerland

3. Triggering event:

Falling below threshold

4. Threshold(s) crossed or reached:

5%

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

28 April 2015

6. Total amount of voting rights:

3.93% (equals 6,555,849 voting rights)
calculated from the following total number of voting rights issued:
166,843,961

7. Detailed information on the voting rights proportion:

Voting rights proportion based on financial/other instruments pursuant to sec. 25a WpHG:
0.48% (equals 800,000 voting rights)
thereof held indirectly: 0.00% (equals 0 voting rights)

Voting rights proportion based on financial/other instruments pursuant to sec. 25 WpHG:
0.30% (equals 507,417 voting rights)
thereof held indirectly: 0.00% (equals 0 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
3.15% (equals 5,248,432 voting rights)

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

Chain of controlled undertakings: -

ISIN or name/description of the financial/other instrument:
- Physically Settled Short Put Option, expiry 17 June 2016
- Physically Settled Short Put Option, expiry 19 June 2015
- Physically Settled Short Put Option, expiry 16 December 2016
- Physically Settled Short Put Option, expiry 18 December 2015
- Physically Settled Short Put Option, expiry 18 September 2015
- Equity Future, expiry 15 May 2015
- Equity Future, expiry 19 June 2015
- Call Option, expiry 19 June 2015
- Call Option, expiry 17 July 2015
- Equity Swap, expiry 01 May 2015


Munich, 06 May 2015
The Board of Management

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