Voting results: Annual General Meeting 2011

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Annual General Meeting 2011

Voting results

Voting results of the Annual General Meeting of the Munich Reinsurance Company on 20 April 2011

At the 124rd Annual General Meeting of shareholders on 20 April 2011 held at the ICM – International Congress Center München – 45.4% of the share capital entitled to vote was represented. Voting on the agenda items was as follows.

Item 2

Resolution on the appropriation of the net retained profits from the financial year 2010 - accepted
Shares for which valid votes were cast (= 42.75% of the share capital) 80,561,318
Yes votes: 80,549,839
No votes: 11,479
Management proposal adopted with 99.99% in favour.  
Item 3
Resolution to approve the actions of the Board of Management - accepted
Shares for which valid votes were cast (= 42.63% of the share capital) 80,343,416
Yes votes: 80,296,400
No votes: 47,016
Management proposal adopted with 99.94% in favour.  
Item 4
Resolution to approve the actions of the Supervisory Board - accepted
Shares for which valid votes were cast (= 41.57% of the share capital) 78,352,707
Yes votes: 78,286,669
No votes: 66,038
Management proposal adopted with 99.92% in favour.  
Item 5
Resolution to approve the remuneration system for the Board of Management - accepted
Shares for which valid votes were cast (= 42.48% of the share capital) 80,060,687
Yes votes: 71,890,362
No votes: 8,170,325
Management proposal adopted with 89.79% in favour.  
Item 6
Resolution to appoint a member of the Supervisory Board - accepted
Shares for which valid votes were cast (= 42.36% of the share capital) 79,836,181
Yes votes: 79,587,520
No votes: 248,661
Management proposal adopted with 99.69% in favour.  
Item 7
Resolution to authorise the buy-back and utilisation of own shares as well as the option to exclude subscription and tender rights - accepted
Shares for which valid votes were cast (= 41.82% of the share capital) 78,826,054
Yes votes: 76,886,358
No votes: 1,939,696
Management proposal adopted with 97.54% in favour.  
Item 8
Resolution to authorise the buy-back of own shares using derivatives as well as the option to exclude subscription and tender rights - accepted
Shares for which valid votes were cast (= 41.61% of the share capital) 78,414,414
Yes votes: 76,195,369
No votes: 2,219,045
Management proposal adopted with 97.17% in favour.  
Item 9
Resolution to cancel the existing authorisation for increasing the share capital under “Authorised Capital Increase 2006”, to replace this with a new authorisation “Authorised Capital Increase 2011” for the issue of employee shares, and to make the relevant amendments to the Articles of Association - accepted
Shares for which valid votes were cast (= 42.44% of the share capital) 79,984,811
Yes votes: 79,830,382
No votes:  154,429
Management proposal adopted with 99.81% in favour.  


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