Converium Holding AG -- Repurchase of Shares for Employee Participation Plans


ZUG, Switzerland, July 9, 2004 (PRIMEZONE) -- Converium Holding AG has repurchased 50'000 shares in the period of April 1 through June 30, 2004 on the SWX Swiss Exchange in conjunction with its share delivery obligations under the various Employee Participation Plans.

Converium Holding AG will continue its repurchases of own stock in order to fulfil its share delivery obligations under the various Employee Participation Plans.