DGAP-Stimmrechtsanteile: Münchener Rückversicherungs-Gesellschaft AG (vink. NA)

DGAP-PVR: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München

11.12.2015 18:33

Dissemination of a Voting Rights Announcement, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------------

Notification of Major Holdings

1. Details of issuer

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Königinstraße 107 80802 München Germany

2. Reason for notification

X Acquisition/disposal of shares with voting rights Acquisition/disposal of instruments Change of breakdown of voting rights Other reason:

3. Details of person subject to the notification obligation

Name: City and country of registered office: Mr Warren E. Buffett United States of America (USA)

4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3.

National Indemnity Company

5. Date on which threshold was crossed or reached

10.12.2015

6. Total positions

% of voting % of voting rights total of total number rights attached through instruments both in % of voting to shares (total (total of 7.b.1 + (7.a. + rights of of 7.a.) 7.b.2) 7.b.) issuer Result- 4,60 % % 4,60 % 166843961 ing situat- ion Previo- 9,71 % % 9,71 % / us notifi- cation

7. Notified details of the resulting situation a. Voting rights attached to shares (Sec.s 21, 22 WpHG)

ISIN absolute in % direct (Sec. indirect (Sec. direct (Sec. indirect 21 WpHG) 22 WpHG) 21 WpHG) (Sec. 22 WpHG) DE0008430026 100000 7571868 0,06 % 4,54 % Total 7671868 4,60 %

b.1. Instruments according to Sec. 25 Abs. 1 Nr. 1 WpHG

Type of Expiration or Exercise or Voting Voting instrument maturity date conversion rights rights in period absolute % n/a % Total %

b.2. Instruments according to Sec. 25 Abs. 1 Nr. 2 WpHG

Type of Expiration Exercise or Cash or Voting Voting instrume- or maturity conversion physical rights rights nt date period settlement absolute in % n/a % Total %

8. Information in relation to the person subject to the notification obligation

Person subject to the notification obligation is not controlled and does itself not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (1.). X Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name % of voting % of voting rights Total of both rights (if at through instruments (if (if at least least held 3% or at least held 5% or held 5% or more) more) more) Mr. n/a % n/a % n/a % Warren E. Buffett Berkshire n/a % n/a % n/a % Hathaway Inc. National 4,54 % n/a % n/a % Indemnity Company

9. In case of proxy voting according to § 22 Abs. 3 WpHG

Date of general meeting: Holding position after general meeting: % (equals voting rights)

11.12.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

--------------------------------------------------------------------------- Language: English Company: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Königinstraße 107 80802 München Germany Internet: www.munichre.com End of Announcement DGAP News-Service ---------------------------------------------------------------------------