Voting results

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Voting results

Voting results of the Annual General Meeting of the Munich Reinsurance Company on 23 April 2015

At the 128rd Annual General Meeting of shareholders on 23 April 2015 held at the ICM – International Congress Center München – 43.4% of the share capital (44.9% 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 2014 – accepted
Shares for which valid votes were cast (= 43.24% of the share capital) 74,772,043
Yes votes: 74,704,266
No votes: 67,777
Management proposal adopted with 99.91% in favour.  
Item 3
Resolution to approve the actions of the Board of Management – accepted
Shares for which valid votes were cast (= 43.19% of the share capital) 74,688,571
Yes votes: 74,437,340
No votes: 251,231
Management proposal adopted with 99.66% in favour.  
Item 4
Resolution to approve the actions of the Supervisory Board – accepted
Shares for which valid votes were cast (= 43.21% of the share capital) 74,733,551
Yes votes: 71,761,320
No votes: 2,972,231
Management proposal adopted with 96.02% in favour.  
Item 5
Resolution to approve the remuneration system for the Board of Management – accepted
Shares for which valid votes were cast (= 43.13% of the share capital) 74,594,730
Yes votes: 67,277,525
No votes: 7,317,205
Management proposal adopted with 90.19% in favour.  
Item 6
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 (= 42.11% of the share capital) 72,827,708
Yes votes: 70,414,192
No votes: 2,413,516
Management proposal adopted with 96.69% in favour.  
Item 7
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 (= 42.10% of the share capital) 72,813,448
Yes votes: 70,527,037
No votes: 2,286,411
Management proposal adopted with 96.86% in favour.  
Item 8
Resolution to authorise the issue of convertible bonds, bonds with warrants, profit participation rights or profit participation certificates (or combinations of such instruments) with the option of excluding subscription rights; to cancel Contingent Capital Increase 2010; to create a new contingent capital increase (Contingent Capital Increase 2015); and to make the relevant amendment to the Articles of Association – accepted
Shares for which valid votes were cast (= 43.21% of the share capital) 74,731,221
Yes votes: 65,126,921
No votes: 9,604,300
Management proposal adopted with 87.15% in favour.  
Item 9
Resolution to cancel the existing authorisation for increasing the share capital under “Authorised Capital Increase 2011”, to replace this with a new authorisation “Authorised Capital Increase 2015” 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 (= 43.21% of the share capital) 74,728,306
Yes votes: 73,659,002
No votes: 1,069,304
Management proposal adopted with 98.57% in favour.  
Item 10
Resolution to amend Article 17 sentence 2 of the Articles of Association (representation of the Company) – accepted
Shares for which valid votes were cast (= 43.20% of the share capital) 74,718,480
Yes votes: 74,663,574
No votes: 54,906
Management proposal adopted with 99.93% in favour.  

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