ZUG, Switzerland, March 10, 2005 (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 increased its holding of registered shares with voting rights to 16,395,960. This corresponds to 11.2% 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 British Financial Services Authority registered fund management house, and acts as the investment manager for several funds.