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Ad hoc announcement pursuant to Section 15 of the Securities Trading Act (WpHG)
Acts of terror in the USA

Hannover, 13 September 2001:

On the basis of present information to date, Hannover Re estimates a negative effect of approximately EUR 400m on its 2001 results as a consequence of the acts of terror in the USA. This exposure will however have no effect on the financial stability of Hannover Re. More detailed information can be found in the Hanover Re newsletter of 13th September 2001.