Disclosure notification in accordance with Article 20 of the Swiss Stock Exchange Act

08 July 2004, Zurich

Swiss Reinsurance Company (Swiss Re), Mythenquai 50/60, 8022 Zurich, announces that, on 5 July 2004, Franklin Resources, Inc., 500 E.Broward Blvd., Suite 2100 Ft. Lauderdale, FL 33394-3091, USA, known as Franklin Templeton Investments, held, through a number of its Group companies listed below, in the capacity of investment manager for mutual funds and clients 16,293,246 registered shares of Swiss Re. Franklin Templeton Investments thereby has a voting right of 5.06% of Swiss Re which can be exercised autonomously of the beneficial owners.

Group companies:

  • Fiduciary International, Inc., 600 5th Avenue, NY 100200, USA
  • Templeton Investment Counsel, LLC, 500 E.Broward Blvd., Suite 2100 Ft. Lauderdale, FL 33394-3091, USA
  • Franklin Advisers, Inc., One Franklin Parkway, San Mateo, CA 94403, USA
  • Franklin Templeton Investments Corp., One Financial Place, 1 Adelaide Street East, Suite 2101,
    Toronto, Ontario, Canada M5C 3B8
  • Franklin Templeton Investments (Asia) Ltd., 17th Floor, Chater House, 8 Connaught Road, Central, Hong Kong
  • Franklin Templeton Alternative Strategies, LLC, 500 E.Broward Blvd., Suite 2100 Ft. Lauderdale,
    FL 33394-3091, USA
  • Franklin Templeton Investment Management Ltd., Exchange Tower, 19 Canning Street, Edinburgh,
    Scotland EH3 8EG
  • Franklin Templeton Investments Australia Ltd., Level 46, 80 Collins Street, Melbourne, Victoria 3000, Australia
  • Templeton Global Advisors Ltd., Box N-7759 Lyford Cay, Nassau, Bahamas
  • Templeton/Franklin Investment Services, Inc., 500 E.Broward Blvd., Suite 2100 Ft. Lauderdale, FL 33394-3091, USA
  • Templeton Asset Management Limited, 17th Floor, Chater House, 8 Connaught Road, Central, Hong Kong