Ad-hoc | 12 June 2003 11:27

Hannover Rückvers. english

Offering of Hannover Re shares successfully completed Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Offering of Hannover Re shares successfully completed NOT FOR DISTRIBUTION IN THE UNITED STATES Hanover, 12 June 2003: Today, 9,716,392 Hannover Re shares were successfully sold by Dresdner Kleinwort Wasserstein. The new shares from a capital increase against cash from authorized capital were offered to institutional investors in Europe and the U.S. in a private placement by means of an accelerated bookbuilding. The shares were allocated at a price of EUR 22.60 per share. Hannover Re receives issue proceeds amounting to c. EUR 220 million before provisions and expenses. This placement is part of a combined transaction of a capital increase against cash and a capital increase against contribution in kind. In the context of the capital increase against contribution in kind, Talanx AG will contribute its shares in HDI Reinsurance Ireland Ltd. into Hannover Re effective 1 July 2003 against issuance of 13,716,814 new shares. Thus, Hannover Re will acquire the Irish reinsurance activities of HDI Haftpflichtverband der Deutschen Industrie V.a.G. (HDI) held in HDI Reinsurance Ireland Ltd., Hanover. Contact: Roland Vogel (Phone.: +49/ 511/ 56 04-12 00, Fax: +49/ 511/ 56 04-68 92, E-Mail: roland.vogel@hannover-re.com). end of ad-hoc-announcement (c)DGAP 12.06.2003 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: This ad-hoc release is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States. The shares in Hannover Rückversicherungs-Aktiengesellschaft (the “Shares”) may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”)) unless registered under the Securities Act or pursuant to an exemption from such registration. The Shares have not been and will not be registered under the Securities Act. ——————————————————————————– WKN: 840221; ISIN: DE0008402215; Index: MDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Hannover; Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, München und Stuttgart 121127 Jun 03