ZUG, Switzerland, Oct. 21, 2004 (PRIMEZONE) -- Converium Holding Ltd, Zug, has been notified pursuant to Art. 20 of the Swiss Stock Exchange Act that Odey Asset Management LLP, 12 Upper Grosvenor Street, London W1K 2ND, United Kingdom, has acquired 8,559,920 registered shares with voting rights. This corresponds to 5.84% of Converium's registered share capital. These shares are held and managed in various funds. None of these funds is holding shares in an amount, which exceeds 5% of Converium registered share capital.
Odey Asset Management LLP is a UK FSA registered fund management house, and acts as the investment manager for several funds.