Release of an announcement according to Section 25a of the WpHG

[the German Securities Trading Act]

2015/11/27

WKN 843002
ISIN DE0008430026
(Citi)

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

Notification I:

1. Listed company:

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

2. Notifier:

Citigroup Inc., Wilmington, Delaware, USA

3. Triggering event:

Falling below threshold

4. Threshold(s) crossed or reached:

10%

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

20 November 2015

6. Total amount of voting rights:

9.84% (equals 16,410,286 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:
2.78% (equals 4,633,672 voting rights)
thereof held indirectly: 2.78% (equals 4,633,672 voting rights)

Voting rights proportion based on financial/other instruments pursuant to sec. 25 WpHG:
6.93% (equals 11,555,036 voting rights)
thereof held indirectly: 6.89% (equals 11,492,739 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
0.13% (equals 221,578 voting rights)

8. Detailed information on financial/other instruments:

Chain of controlled undertakings:
Citigroup Global Markets Limited, Citigroup Global Markets Europe Limited, Citigroup Financial Products Inc., Citigroup Global Markets Holdings Inc.

ISIN or name/description of the financial/other instrument:
Section 25a WpHG (ISIN / Expiry):
OPTION STOCK - DE000P973BY9 18 Dec 2015
OPTION STOCK - DE000P98RR06 18 Dec 2015
OPTION STOCK - DE000P9AHQJ4 18 Mar 2016
OPTION STOCK - DE000P9BMJS8 18 Dec 2015
OPTION STOCK - DE000P9BMJP4 18 Dec 2015
OPTION STOCK - DE000P1CCZ55 18 Dec 2015
OPTION STOCK - DE000P1CCY72 18 Dec 2015
OPTION STOCK - DE000P1CCU01 18 Dec 2015
OPTION STOCK - DE000P1CCU01 18 Dec 2015
OPTION STOCK    24 Oct 2015
OTC DERIVATIVES - LONG CASH SETTLED CALL 16 Dec 2016
OTC DERIVATIVES - LONG CASH SETTLED CALL 16 Dec 2016
OTC DERIVATIVES - LONG CASH SETTLED CALL 15 Dec 2017
OTC DERIVATIVES - SHORT PUT 17 Jun 2016

Notification II:

1. Listed company:

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

2. Notifier:

Citigroup Global Markets Holdings Inc., New York, NY, USA

3. Triggering event:

Falling below threshold

4. Threshold(s) crossed or reached:

10%

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

20 November 2015

6. Total amount of voting rights:

9.67% (equals 16,141,543 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:
2.78% (equals 4,633,672 voting rights)
thereof held indirectly: 2.78% (equals 4,633,672 voting rights)

Voting rights proportion based on financial/other instruments pursuant to sec. 25 WpHG:
6.89% (equals 11,492,739 voting rights)
thereof held indirectly: 6.89% (equals 11,492,739 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
0.01% (equals 15,132 voting rights)

8. Detailed information on financial/other instruments:

Chain of controlled undertakings:
Citigroup Global Markets Limited, Citigroup Global Markets Europe Limited, Citigroup Financial Products Inc.

ISIN or name/description of the financial/other instrument:
Section 25a WpHG (ISIN / Expiry):
OPTION STOCK - DE000P973BY9 18 Dec 2015
OPTION STOCK - DE000P98RR06 18 Dec 2015
OPTION STOCK - DE000P9AHQJ4 18 Mar 2016
OPTION STOCK - DE000P9BMJS8 18 Dec 2015
OPTION STOCK - DE000P9BMJP4 18 Dec 2015
OPTION STOCK - DE000P1CCZ55 18 Dec 2015
OPTION STOCK - DE000P1CCY72 18 Dec 2015
OPTION STOCK - DE000P1CCU01 18 Dec 2015
OPTION STOCK - DE000P1CCU01 18 Dec 2015
OPTION STOCK    24 Oct 2015
OTC DERIVATIVES - LONG CASH SETTLED CALL 16 Dec 2016
OTC DERIVATIVES - LONG CASH SETTLED CALL 16 Dec 2016
OTC DERIVATIVES - LONG CASH SETTLED CALL 15 Dec 2017
OTC DERIVATIVES - SHORT PUT 17 Jun 2016

Notification III:

1. Listed company:

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

2. Notifier:

Citigroup Financial Products Inc., Wilmington, Delaware, USA

3. Triggering event:

Falling below threshold

4. Threshold(s) crossed or reached:

10%

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

20 November 2015

6. Total amount of voting rights:

9.67% (equals 16,141,543 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:
2.78% (equals 4,633,672 voting rights)
thereof held indirectly: 2.78% (equals 4,633,672 voting rights)

Voting rights proportion based on financial/other instruments pursuant to sec. 25 WpHG:
6.89% (equals 11,492,739 voting rights)
thereof held indirectly: 6.89% (equals 11,492,739 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
0.01% (equals 15,132 voting rights)

8. Detailed information on financial/other instruments:

Chain of controlled undertakings:
Citigroup Global Markets Limited, Citigroup Global Markets Europe Limited

ISIN or name/description of the financial/other instrument:
Section 25a WpHG (ISIN / Expiry):
OPTION STOCK - DE000P973BY9 18 Dec 2015
OPTION STOCK - DE000P98RR06 18 Dec 2015
OPTION STOCK - DE000P9AHQJ4 18 Mar 2016
OPTION STOCK - DE000P9BMJS8 18 Dec 2015
OPTION STOCK - DE000P9BMJP4 18 Dec 2015
OPTION STOCK - DE000P1CCZ55 18 Dec 2015
OPTION STOCK - DE000P1CCY72 18 Dec 2015
OPTION STOCK - DE000P1CCU01 18 Dec 2015
OPTION STOCK - DE000P1CCU01 18 Dec 2015
OPTION STOCK    24 Oct 2015
OTC DERIVATIVES - LONG CASH SETTLED CALL 16 Dec 2016
OTC DERIVATIVES - LONG CASH SETTLED CALL 16 Dec 2016
OTC DERIVATIVES - LONG CASH SETTLED CALL 15 Dec 2017
OTC DERIVATIVES - SHORT PUT 17 Jun 2016

Notification IV:

1. Listed company:

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

2. Notifier:

Citigroup Global Markets Europe Limited, London, UK

3. Triggering event:

Falling below threshold

4. Threshold(s) crossed or reached:

10%

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

20 November 2015

6. Total amount of voting rights:

9.67% (equals 16,141,543 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:
2.78% (equals 4,633,672 voting rights)
thereof held indirectly: 2.78% (equals 4,633,672 voting rights)

Voting rights proportion based on financial/other instruments pursuant to sec. 25 WpHG:
6.89% (equals 11,492,739 voting rights)
thereof held indirectly: 6.89% (equals 11,492,739 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
0.01% (equals 15,132 voting rights)

8. Detailed information on financial/other instruments:

Chain of controlled undertakings:
Citigroup Global Markets Limited

ISIN or name/description of the financial/other instrument:
Section 25a WpHG (ISIN / Expiry):
OPTION STOCK - DE000P973BY9 18 Dec 2015
OPTION STOCK - DE000P98RR06 18 Dec 2015
OPTION STOCK - DE000P9AHQJ4 18 Mar 2016
OPTION STOCK - DE000P9BMJS8 18 Dec 2015
OPTION STOCK - DE000P9BMJP4 18 Dec 2015
OPTION STOCK - DE000P1CCZ55 18 Dec 2015
OPTION STOCK - DE000P1CCY72 18 Dec 2015
OPTION STOCK - DE000P1CCU01 18 Dec 2015
OPTION STOCK - DE000P1CCU01 18 Dec 2015
OPTION STOCK    24 Oct 2015
OTC DERIVATIVES - LONG CASH SETTLED CALL 16 Dec 2016
OTC DERIVATIVES - LONG CASH SETTLED CALL 16 Dec 2016
OTC DERIVATIVES - LONG CASH SETTLED CALL 15 Dec 2017
OTC DERIVATIVES - SHORT PUT 17 Jun 2016

Notification V:

1. Listed company:

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

2. Notifier:

Citigroup Global Markets Limited, London, UK

3. Triggering event:

Falling below threshold

4. Threshold(s) crossed or reached:

10%

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

20 November 2015

6. Total amount of voting rights:

9.67% (equals 16,141,543 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:
2.78% (equals 4,633,672 voting rights)
thereof held indirectly: 0.00% (equals 0 voting rights)

Voting rights proportion based on financial/other instruments pursuant to sec. 25 WpHG:
6.89% (equals 11,492,739 voting rights)
thereof held indirectly: 0.00% (equals 0 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
0.01% (equals 15,132 voting rights)

8. Detailed information on financial/other instruments:

Chain of controlled undertakings:
-

ISIN or name/description of the financial/other instrument:
Section 25a WpHG (ISIN / Expiry):
OPTION STOCK - DE000P973BY9 18 Dec 2015
OPTION STOCK - DE000P98RR06 18 Dec 2015
OPTION STOCK - DE000P9AHQJ4 18 Mar 2016
OPTION STOCK - DE000P9BMJS8 18 Dec 2015
OPTION STOCK - DE000P9BMJP4 18 Dec 2015
OPTION STOCK - DE000P1CCZ55 18 Dec 2015
OPTION STOCK - DE000P1CCY72 18 Dec 2015
OPTION STOCK - DE000P1CCU01 18 Dec 2015
OPTION STOCK - DE000P1CCU01 18 Dec 2015
OPTION STOCK    24 Oct 2015
OTC DERIVATIVES - LONG CASH SETTLED CALL 16 Dec 2016
OTC DERIVATIVES - LONG CASH SETTLED CALL 16 Dec 2016
OTC DERIVATIVES - LONG CASH SETTLED CALL 15 Dec 2017
OTC DERIVATIVES - SHORT PUT 17 Jun 2016

Munich, 27 November 2015
The Board of Management