Voting results

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Voting results 2017

Voting results of the Annual General Meeting of the Munich Reinsurance Company on 26 April 2017

At the 130rd Annual General Meeting of shareholders on 26 April 2017 held at the ICM – International Congress Center München – 37.7% of the share capital (39.2% 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 2016 – accepted
Shares for which valid votes were cast (= 37.72% of the share capital) 60,757,213
Yes votes: 60,546,459
No votes: 210,754
Management proposal adopted with 99.65% in favour.  
Item 3
Resolution to approve the actions of the Board of Management – accepted
Shares for which valid votes were cast (= 37.68% of the share capital) 60,688,208
Yes votes: 60,622,019
No votes: 66,189
Management proposal adopted with 99.89% in favour.  
Item 4
Resolution to approve the actions of the Supervisory Board – accepted
Shares for which valid votes were cast (= 37.73% of the share capital) 60,772,023
Yes votes: 60,602,829
No votes: 169,194
Management proposal adopted with 99.72% in favour.  
Item 5
Resolution to approve the remuneration system for the Board of Management – rejected
Shares for which valid votes were cast (= 37.45% of the share capital) 60,314,795
Yes votes: 20,684,190
No votes: 39,630,605
Management proposal rejected with 65.71%.  
Item 6
Resolution on the authorisation of the acquisition and disposal of own shares, the possibility of excluding tender and subscription rights, the retirement of acquired treasury shares, and on the cancellation of the existing authorisation – accepted
Shares for which valid votes were cast (= 37.69% of the share capital) 60,708,057
Yes votes: 53,399,915
No votes: 7,308,142
Management proposal adopted with 87.96% 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 (= 37.68% of the share capital) 60,685,771
Yes votes: 51,554,155
No votes: 9,131,616
Management proposal adopted with 84.95% in favour.  
Item 8
Resolution to elect a member of the Supervisory Board – accepted
Shares for which valid votes were cast (= 37.70% of the share capital) 60,709,458
Yes votes: 60,076,060
No votes: 633,398
Management proposal adopted with 98.96% in favour.  
Item 9
Resolution to cancel the Authorised Capital 2013, to create new Authorised Capital 2017 with the possibility of excluding subscription rights, and to amend Article 4 (1) of the Articles of Association – accepted
Shares for which valid votes were cast (= 36.86% of the share capital) 59,358,389
Yes votes: 47,172,776
No votes: 12,185,613
Management proposal adopted with 79.47% in favour.  
Item 10
Resolution on the approval of a profit transfer agreement – accepted
Shares for which valid votes were cast (= 37.72% of the share capital) 60,743,670
Yes votes: 60,661,401
No votes: 82,269
Management proposal adopted with 99.86% in favour.  
Item 11a
Resolution on the approval of two profit transfer agreements - the profit transfer agreement between Munich Reinsurance Company and MR Beteiligungen 2 dated 6 March 2017 – accepted
Shares for which valid votes were cast (= 37.71% of the share capital) 60,734,196
Yes votes: 60,680,008
No votes: 54,188
Management proposal adopted with 99.91% in favour.  
Item 11b
Resolution on the approval of two profit transfer agreements - the profit transfer agreement between Munich Reinsurance Company and MR Beteiligungen 3 dated 6 March 2017 – accepted
Shares for which valid votes were cast (= 37.47% of the share capital) 60,341,712
Yes votes: 60,282,539
No votes: 59,173
Management proposal adopted with 99.90% in favour.  

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