DGAP-Adhoc: Hannover Re decides on change of legal form to SE

| Source: EQS Group AG EQS Group AG 

Hannover Rückversicherung AG  / Key word(s): Strategic Company Decision

14.03.2012 07:40

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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Hannover Re decides on change of legal form to SE

Hannover, 14 March 2012: The Supervisory Board of Hannover Rückversicherung
AG (Hannover Re) has approved the resolution of the Executive Board to
transform the company into a European public limited company (Societas
Europaea, SE). The change in legal form is still subject to the approval of
the Annual General Meeting, which is to be held in Hannover on 3 May 2012.

Upon transformation into an SE the existing shareholders of Hannover
Rückversicherung AG will automatically become shareholders of Hannover Rück
SE; the rights of shareholders remain unaffected. Nor is the change in
legal form expected to have any implications for clients and employees of
Hannover Re.

The intended transformation into an SE reflects the increasingly
international character both of Hannover Re's business activities and its
workforce.

At the same time, the legal form of an SE enables the company to relocate
its registered office within the European Union. This could become
significant in connection with the implementation of Solvency II. Hannover
Re does not, however, have any concrete plans for such a relocation of its
registered office at the present time.

It is envisaged that the transformation of Hannover Rückversicherung AG
into an SE will be completed by the beginning of 2013.

For further information please contact:

Corporate Communications:
Karl Steinle (tel. +49 511 5604-1500, 
e-mail: karl.steinle@hannover-re.com) 

Media Relations: 
Gabriele Handrick (tel. +49 511 5604-1502, 
e-mail: gabriele.handrick@hannover-re.com)

Investor Relations: 
Klaus Paesler (tel. +49 511 5604-1736, 
e-mail: klaus.paesler@hannover-re.com) 


14.03.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Hannover Rückversicherung AG
              Karl-Wiechert-Allee 50
              30625 Hannover
              Germany
Phone:        +49-(0)511-5604-1500
Fax:          +49-(0)511-5604-1648
E-mail:       info@hannover-re.com
Internet:     www.hannover-re.com
ISIN:         DE0008402215
WKN:          840 221
Indices:      MDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard), Hannover;
              Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
              Stuttgart; Terminbörse EUREX
 
End of Announcement                             DGAP News-Service
 
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