Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München / Key word(s): Corporate Action/Share Buyback 07.11.2013 07:33 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Munich Re intends to buy back up to 13 million shares for a maximum purchase price of EUR1bn by the 2014 Annual General Meeting. On the basis of the authorisation granted by the Annual General Meeting on 20 April 2011, Munich Reinsurance Company's Board of Management has resolved to buy back up to 13 million shares for a maximum total purchase price of EUR1bn (excluding incidental expenses) in the period between 7 November 2013 and, at the latest, the next Annual General Meeting on 30 April 2014. On the basis of the current share price (status: 6.11.2013), this would amount to around 3,6% of the share capital. The repurchased shares are to be retired in order to optimise the Company's capital structure. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: This announcement contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments. 07.11.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Königinstraße 107 80802 München Germany Phone: +49(0) 89 3891-0 Fax: +49(0) 89 399 056 E-mail: [email protected] Internet: www.munichre.com ISIN: DE0008430026, DE0008430026 WKN: 843002, 843002 Indices: DAX, EURO STOXX 50 Listed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, Stuttgart; Terminbörse EUREX; Mailand End of Announcement DGAP News-Service ---------------------------------------------------------------------------