Release of an announcement according to Section 25 of the WpHG

[the German Securities Trading Act]

2015/11/25

WKN 843002
ISIN DE0008430026
(BlackRock)

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

Notification I:

1. Listed company:

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

2. Notifier:

BlackRock 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:

19 November 2015

6. Total amount of voting rights:

6.37% (equals 10,625,095 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. 25 WpHG:
0.09% (equals 158,265 voting rights)
thereof held indirectly: 0.09% (equals 158,265 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
6.27% (equals 10,466,830 voting rights)

8. Detailed information on financial/other instruments:

Chain of controlled undertakings:
BlackRock Holdco 2 Inc., BlackRock Financial Management 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:

19 November 2015

6. Total amount of voting rights:

6.26% (equals 10,437,001 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. 25 WpHG:
0.09% (equals 158,265 voting rights)
thereof held indirectly: 0.09% (equals 158,265 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
6.16% (equals 10,278,736 voting rights)

8. Detailed information on financial/other instruments:

Chain of controlled undertakings:
BlackRock Financial Management 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., 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:

19 November 2015

6. Total amount of voting rights:

6.26% (equals 10,437,001 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. 25 WpHG:
0.09% (equals 158,265 voting rights)
thereof held indirectly: 0.09% (equals 158,265 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
6.16% (equals 10,278,736 voting rights)

8. Detailed information on financial/other instruments:

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


Munich, 25 November 2015
The Board of Management