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Securities transactions and shareholdings (directors' dealings)

Dealings in shares, options and derivatives of Hannover Rückversicherung AG effected by members of the Executive Board or Supervisory Board of Hannover Re or by other persons with managerial functions who regularly have access to insider information concerning the company and who are authorised to take major business decisions – as well as such dealings conducted by certain persons closely related to the aforementioned individuals – in excess of EUR 5,000 are to be reported pursuant to § 15a Securities Trading Act (WpHG). The following reportable transactions took place in the 2009 financial year.

Members of the Supervisory Board and Executive Board of Hannover Re as well as their spouses or registered partners and first-degree relatives hold less than 1.0% of the issued shares. As at 31 December 2009 the total holding amounted to 0.055% (0.058%) of the issued shares, i.e. 66,086 (69,991) shares.

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Securities transactions
Name Type of transaction Type of security ISIN Transaction date Number of securities Price in EUR Total volume
in EUR
1 The bonds have a nominal value of EUR 1,000.00 each
2 Rounded, the average price was EUR 63.556
3 Rounded, the average price was EUR 64.585
Ulrich Wallin Purchase Bond XS0187043079 10.12.2009 1151 96.50 110,975.00
Ulrich Wallin Purchase Share DE0008402215 11.08.2009 3,000 29.90 89,700.00
Wilhelm Zeller Purchase Bond XS0187043079 26.03.2009 411 64.593 26,479.85
Wilhelm Zeller Purchase Bond XS0187043079 24.03.2009 361 63.562 22,880.16
Securities transactions
Name Type of transaction Type of security ISIN Transaction date Number of securities Price in EUR Total volume
in EUR
1 The bonds have a nominal value of EUR 1,000.00 each
2 Rounded, the average price was EUR 63.556
3 Rounded, the average price was EUR 64.585
Ulrich Wallin Purchase Bond XS0187043079 10.12.2009 1151 96.50 110,975.00
Ulrich Wallin Purchase Share DE0008402215 11.08.2009 3,000 29.90 89,700.00
Wilhelm Zeller Purchase Bond XS0187043079 26.03.2009 411 64.593 26,479.85
Wilhelm Zeller Purchase Bond XS0187043079 24.03.2009 361 63.562 22,880.16

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