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Press Release on the Annual General Meeting 2007

Annual General Meeting approves all proposed resolutions

Hannover, 3 May 2007:

The roughly 1,500 participants at Hannover Re's very well attended Annual General Meeting today approved all proposed resolutions by a large majority.

In his address to the meeting Chief Executive Officer Wilhelm Zeller looked back once more on the exceptionally successful financial year enjoyed by the company, which in 2006 generated the highest Group net income – EUR 514 million – in its history. Mr. Zeller also expressed satisfaction with the figures for the first quarter of 2007 published today (cf. separate press release): "The renewal season in non-life reinsurance passed off well for our company, while life and health reinsurance more than doubled its net income relative to the corresponding quarter of the previous year. With our results to date we have put in place a good foundation for achieving our profit target for the current financial year – namely a return on equity of at least 15 percent after tax."

The Annual General Meeting approved the proposal of the Executive Board and Supervisory Board regarding the appropriation of the parent company's (Hannover Rück AG) disposable profit in an amount of EUR 201 million: shareholders will receive a gross dividend of EUR 1.60 on each share that was fully paid-up for the entire financial year. The remaining disposable profit of EUR 8 million is to be carried forward to new account.

In addition, the Annual General Meeting re-elected Mr. Wolf-Dieter Baumgartl, Mr. Herbert K. Haas, Mr. Karl Heinz Midunsky, Dr. Immo Querner and Dr. Klaus Sturany as shareholder representatives on the Supervisory Board of the parent company Hannover Rückversicherung AG. Dr. Erhard Schipporeit was also elected as a new member of the Supervisory Board.

The company will publish its results for the second quarter of the current financial year on 3 August 2007. The next Annual General Meeting of Hannover Re is to be held on 6 May 2008.