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FTSE Mondo Visione Exchanges Index:

Converium: Conditions For Inclusion In SMI® Not Met

Date 11/01/2002

The Management Board of SWX and the Index Commission have decided that Converium (security number 1,299,771) will not be included in the Swiss Market Index (SMI®) for the time being.

After exercise of the greenshoe option and at the end of the stabilization period, Converium did not have the required minmum capitalization. Inclusion in the SMI® is conditional upon a market capitalization that amounts to at least 0.45 percent of SPI capitalization.