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

09 January 2004, Zurich

Swiss Reinsurance Company (Swiss Re), Mythenquai 50/60, 8022 Zurich, announces that, on 22 December 2003, Franklin Resources, Inc., 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 16,165,847 registered shares of Swiss Re. Franklin Templeton Investments thereby has a voting right of 5.02% of Swiss Re which can be exercised autonomously of the beneficial owners.

Group companies:

  • Fiduciary International, Inc.
  • Templeton Investment Counsel, LLC
  • Franklin Advisers, Inc.
  • Franklin Templeton Investments Corp.
  • Franklin Templeton Investments (Asia) Ltd.
  • Franklin Templeton Alternative Strategies, LLC
  • Franklin Templeton Investment Management Ltd.
  • Franklin Templeton Investments Ausralia Ltd.
  • Templeton Global Advisors Ltd.
  • Templeton/Franklin Investment Services, Inc.
  • Templeton Asset Management Limited