Hannover Re: Annual General Meeting approves all proposed resolutions

Annual General Meeting approves all proposed resolutions

Hannover, 5 May 2009: The Ordinary General Meeting of Hannover Re
today approved all proposed resolutions by a large majority.

In his address to the meeting Chief Executive Officer Wilhelm Zeller
took the opportunity to look back once again on the 2008 financial
year. Faced with the repercussions of the financial market crisis
Hannover Re had been compelled to take significant write-downs and
disposal losses on investments - especially on equity holdings. Since
these charges are not tax-deductible, Group net income after tax
slipped into negative territory. Mr. Zeller expressed his
satisfaction with the figures published today for the first quarter
of 2009 (cf. separate press release): "We have made a successful
start to the new financial year. Our quarterly result puts in place a
good platform for achieving our ambitious profit target for 2009 -
namely a return on equity of at least 18 percent after tax", Mr.
Zeller explained. A one-off effect resulting from the acquisition of
the US ING life reinsurance portfolio is included here in an amount
of roughly 80 million euro.

The company will publish its results for the second quarter of the
current financial year on 6 August 2009. The next Ordinary General
Meeting is scheduled for 4 May 2010.

For further information please contact:

Press and Public Relations / Investor Relations:
Stefan Schulz (tel. +49 511 5604-1500,
e-mail: stefan.schulz@hannover-re.com)

Press and Public Relations:
Gabriele Handrick (tel. +49 511 5604-1502,
e-mail: gabriele.handrick@hannover-re.com)

Investor Relations:
Klaus Paesler (tel. +49 511 5604-1736,
e-mail: klaus.paesler@hannover-re.com)

Please visit: www.hannover-re.com

Hannover Re, with a gross premium of around 9 billion euro, is one of
the leading reinsurance groups in the world. It transacts all lines
of non-life and life and health reinsurance. It maintains business
relations with more than 5,000 insurance companies in about 150
countries. Its worldwide network consists of more than 100
subsidiaries, branch and representative offices in around 20
countries with a total staff of roughly 1,900. The rating agencies
most relevant to the insurance industry have awarded Hannover Re very
strong insurer financial strength ratings (Standard & Poor's AA-
"Very Strong" and A.M. Best A "Excellent").

Disclaimer:
Some of the statements in this press release may be forward-looking
statements or statements of future expectations based on currently
available information. Such statements are naturally subject to risks
and uncertainties. Factors such as the development of general
economic conditions, future market conditions, unusual catastrophic
loss events, changes in the capital markets and other circumstances
may cause the actual events or results to be materially different
from those anticipated by such statements. Hannover Re does not make
any representation or warranty, express or implied, as to the
accuracy, completeness or updated status of such statements.
Therefore, in no case whatsoever will Hannover Re and its affiliate
companies be liable to anyone for any decision made or action taken
in conjunction with the information and/or statements in this press
release or for any related damages.

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